Type of Scheme : An open ended scheme replicating/tracking Nifty 500 Index
Benchmark Underlying Index : Nifty 500 Index TRI
Methodology and illustration of sale and repurchase price of units
a) Methodology of calculating sale price: The price or NAV, an investor is charged while investing in an open-ended scheme is called sale or subscription price. Pursuant to SEBI Circular dated June 30, 2009, no entry load will be charged by the scheme to the investors. Therefore, Sale or Subscription price = Applicable NAV (for respective plan and option of the scheme)
Example: An investor invests Rs.10,000/- and the current NAV is Rs. 10/- then the purchase price will be Rs.10/- and the investor receives 10,000/10 = 1000 units.
b) Methodology of calculating repurchase price of units: Repurchase or redemption price is the price or NAV at which an open-ended scheme purchases or redeems its units from the investors. It may include exit load, if applicable. The exit load, if any, shall be charged as a percentage of Net Assets Value (NAV) i.e. applicable load as a percentage of NAV will be deducted from the “Applicable NAV” to calculate the repurchase price. Therefore, Repurchase or Redemption Price = Applicable NAV *(1- Exit Load, if any)
Example: If the Applicable NAV is Rs. 10 and a 2% Exit Load is charged, the Redemption Price per Unit will be calculated as follows: = Rs. 10 * (1-0.02) = Rs. 10 * (0.98) = Rs. 9.80
Fund Manager :
Mr. Swapnil Mayekar (For Equity Component)
About Fund Manager :
Mr. Swapnil Mayekar : Mr. Swapnil Mayekar, MCom. from Mumbai University and Advanced Diploma in Business Administration from Welingkar,Mumbai. He has been with Motilal Oswal Asset Management Company Limited since 2010. Mr. Swapnil Mayekar has previously worked with Business Standard Limited.
Other Funds Managed by Mr. Swapnil Mayekar :
Motilal Oswal NASDAQ-100 ETF
| Date of Allotment |
|
| Entry Load |
Nil |
| Exit Load |
For all subscription transactions (including switch-in) processed prior to NAV of August 07, 2020:
· 1% - If redeemed on or before 3 months from the date of allotment.
· Nil - If redeemed after 3 months from the date of allotment.
For all subscription transactions (including switch-in) processed with NAV of August 07, 2020 and thereafter:
· 1% - If redeemed on or before 15 days from the date of allotment.
· Nil - If redeemed after 15 days from the date of allotment.
|
| Plans |
Regular Plan and Direct Plan |
| Options (Under each plan) |
Dividend (Payout and Re-investment) and Growth |
| Total Expense Ratio* |
NA |
| NA |
| Portfolio Turnover Ratio |
This Scheme is a new scheme and hence the same is not applicable. |
| Monthly AAUM |
NA |
| Latest AUM |
NA |
(Data as on 30-June-2019)