MOSt BRSTBRST BRST FACTSHEET. July 2015

Transcription

1 B B B MOSt FACTSHEET July 205 B Dear Investors and My Dear Advisor Friends, As you might have seen in various media reports, Indian investors' allocation into equity markets over the last year or so has been higher than cumulative investment over the last 2 years. For the first time in my experience, I have seen research reports stating that in June 205, FII outflows were USD 98 mn but the markets held steady because FII outflow was more than counter balanced by domestic inflows from Mutual Funds and Insurance Companies to the tune of USD.88 bn of which USD.4 bn was from Mutual Funds alone. (Source: Deutsche Bank India Equity Strategy dated July, 205) In the past, I have expressed concerns that Indians don't own enough of India and its growth because bulk of Indian companies is owned by promoters and foreigners. I hope this trend continues and I would hazard a few reasons below as to why I believe this trend will indeed continue for some time to come:. From a long term trend perspective, it is worth understanding that habits change with generations. Till late 90s and early Last 2 months equity inflows of MFs at $5bn are equal to the cumulative MFs equity inflows of the previous years Source:AMFI Cumulative MF inflows in equity during Sep 04-Jun 4 = Rs. 950bn (the same amount MFs received in last 2 months) Jun/04 Dec/04 Jun/05 Dec/05 Jun/06 Dec/06 Jun/0 Dec/0 Jun/08 Dec/08 Jun/09 Dec/09 Jun/ Dec/ Jun/ Dec/ Jun/2 Dec/2 Jun/ Dec/ Jun/4 Dec/4 Jun/5 Net equity flows in MFs (Rs. bn) 2000s, the Indian markets had a very high level of fixed income rates. RBI used to issue GoI Relief Bonds at 2% in late 90s and the rates started to decline only in mid 2000s. Just imagine, GoI issuing bonds at 2% risk free and tax free and that's not too far back. Till recently most favoured public sectors banks like the SBI used to pay between 9 and % on their fixed deposits. With this kind of rate structure running till very recently, it is worth noting we have huge populace of moneyed investors who are just about getting accustomed to a variable rate market linked environment while they have seen -2% being generated risk free not too far back It is now that we are all likely to get used to the idea that there is no return without risk (source: Reserve Bank of India) 2. Off late there are abundant indications that other competing asset classes like Gold, Equities and Commodities are not showing any price movement. Real estate prices are stagnating or showing marginal downtrend while gold prices have been correcting over Figure 4: Net gold import has fallen considerably from its peak in FY2 the last couple of years. This trend can be seen in the chart below (US$ bn) Net Gold Imports which shows that demand for gold as reflected in gold imports has fallen 50% over two years. Equity as an asset class is showing up favourably on all comparison charts which was not the case until recently er interest rates are here to stay and we don't envisage sovereign linked products to give high returns in the near future. Recent decision of EPFO to start allocating funds to equities is ample testimony to this trend. 4. Cyclically, India is moving from a period of economic slowdown into a period with better growth prospects and for some time to come equity may show good returns which will encourage more equity flows on the back of good returns on past investments FY00 FY0 FY02 Source: RBI, IIFL Research FY0 FY04 FY The moot question is that with so much money being allocated and more likely to be allocated to equity what process of investing does the investor follow? I have very few opportunities to meet investors but I do meet distributors and advisors on daily basis. The first process to be followed is to identify the right intermediary to guide you in the process of investing and in selecting the right funds. The intermediary will be crucial to ensuring that you identify the right funds and for right reasons. Talking of reasons, the most significant trend that I have picked up from FY06 FY0 FY08 FY09 FY FY FY2 FY 6 Rs. 950 bn FY4 2 FY5 (Continued overleaf)

2 B B intermediaries is high returns over the recent most year and years periods. This is intuitively how we buy any product based on its track record or past performance. Mutual Funds have a few more nuances than just checking past performance. It is widely publicized that Past performance is not an indicator of future which means one may still buy a fund with good past performance but one must never extrapolate it into the future or assume that similar performance will be repeated in future. So how does one figure out whether past performance is likely to be repeated or sustained? Its an interesting trend nowadays whereby we are teaching consumers what's the right question to ask. I recently saw an online retailer teaching consumers the value of asking aur dikhao. And I am sure you have seen India's highest selling four wheeler nudging consumers to ask kitna degi. So what's the right question to ask when someone shows you or talks to you about performance of mutual funds and you are wondering, well, this is past, I am impressed but will this be repeated in future? The question to ask when someone shows past performance is kaise aaya? If the performance being shown to you is an outcome of some process being followed then one knows that yes it can be sustained or there is likelihood of getting same outputs. What's the definition of the word process? Businessdictionary.com says process is defined as sequence of interdependent and linked procedures which, at every stage, consume one or more resources (employee time, energy, machines, money) to convert inputs (data, material, parts, etc.) into outputs. It means that for same output to be generated, the same inputs need to be provided in the same sequence of interdependent or linked procedures. At Motilal Oswal AMC, we have always believed that performance is an output or an end product and considering we are operating in equity markets, the output cannot be controlled. What we can control is the quality of inputs and meticulous following of the same set of interdependent procedures for the inputs to be provided. This is manifested in the chart below. We believe in buying right (Q-G-L-P companies) and sitting tight (concentrated portfolios; buy and hold). Buy Right Stock Characteristics QGLP Q uality denotes quality of the business and management G rowth denotes growth in earnings and sustained RoE L ongevity denotes longevity of the competitive advantage or economic moat of the business P rice denotes our approach of buying a good business for a fair price rather than buying a fair business for a good price Sit Tight Approach Buy and Hold: We are strictly buy and hold investors and believe that picking the right business needs skill and holding onto these businesses to enable our investors to benefit from the entire growth cycle needs even more skill. Focus: Our portfolios are high conviction portfolios with 20 to 25 stocks being our ideal number. We believe in adequate diversification but over-diversification results in diluting returns for our investors and adding market risk Read more about this at: and So the next time you discuss performance please ask kaisa aaya? The question is important and more importantly you need someone to answer it for you and that's where your advisor has a big role to play. Happy Investing, Aashish P Somaiyaa Managing Director & CEO 2

3 B Product Suitability B Name of the Scheme This product is suitable for investors who are seeking* Motilal Oswal MOSt Focused 25 Fund (MOSt Focused 25) Motilal Oswal MOSt Focused Midcap 0 Fund (MOSt Focused Midcap 0) Motilal Oswal MOSt Focused Multicap 5 Fund (MOSt Focused Multicap 5) Return by investing in upto 25 companies with long term sustainable competitive advantage and growth potential in Equity and equity related instruments subject to overall limit of 25 companies Long-term capital growth in equity and equity related instruments in a maximum of 0 quality mid-cap companies having long-term competitive advantages and potential for growth Long-term capital growth in a maximum of 5 equity and equity related instruments across sectors and market capitalization levels. Riskometer Moderate Motilal Oswal MOSt Focused Long Term Fund (MOSt Focused Long Term) Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) Motilal Oswal MOSt Shares Midcap 0 ETF (MOSt Shares Midcap 0) Long-term capital growth predominantly in equity and equity related instruments; Return that corresponds generally to the performance of the Index (Underlying Index), subject to tracking error in equity securities of Index Return that corresponds generally to the performance of the CNX Midcap 0 Index, subject to tracking error in equity securities of CNX Midcap Index Investors understand that their principal will be at risk Riskometer Motilal Oswal MOSt Shares NASDAQ-0 ETF (MOSt Shares NASDAQ 0) Return that corresponds generally to the performance of the NASDAQ 0 Index, subject to tracking error in equity securities of NASDAQ 0 Index Moderate Motilal Oswal MOSt Ultra Short Term Bond Fund (MOSt Ultra Short Term Bond) Motilal Oswal MOSt Year Gilt Fund (MOSt Year Gilt Fund) Optimal returns consistent with moderate levels of risk in debt securities and money market securities with average maturity less than equal to 2 months Long term capital appreciation in securities issued by the Central Government and State Government. Riskometer Moderate Riskometer Moderate Investors understand that their principal will be at risk Investors understand that their principal will be at risk *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderaterisk Risk Disclosure and Disclaimer Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, 882. Trustee: Motilal Oswal Trustee Company Ltd. Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd. Risk Factors: () All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Scheme's objectives will be achieved (2) As the price / value / interest rates of the securities in which the Scheme invests fluctuates, the Net Asset Value (NAV) of units issued under the Scheme may go up or down depending upon the factors and forces affecting the securities market () Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance of the Scheme and may not provide a basis of comparison with other investments (4) The name of the Schemes does not in any manner indicate the quality of the Schemes, its future prospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Advisor before they invest in the Scheme (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial contribution made by it of an amount of Rs. Lac towards setting up of the Mutual Fund (6) The present Schemes are not guaranteed or assured return Schemes. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. IISL Disclaimer: MOSt Shares M50 and MOSt Shares Midcap 0: MOSt Shares M50 and MOSt Shares Midcap 0 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or its affiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOSt Shares M50 and MOSt Shares Midcap 0 or any member of the public regarding the advisability of investing in securities generally or in the MOSt Shares M50 and MOSt Shares Midcap 0 linked to Index and CNX Midcap Index respectively or particularly in the ability of CNX Nifty Index and CNX Midcap Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Index and CNX Midcap Index in the Scheme Information Document. NASDAQ-0 Disclaimer: MOSt Shares NASDAQ 0: NASDAQ, OMX, NASDAQ OMX, NASDAQ-0, and NASDAQ-0 Index, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the Corporations ) and are licensed for use by MOAMC. MOSt Shares NASDAQ 0 (the Product) has not been passed on by the Corporations as to their legality or suitability. The Product are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT. NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. BSE Disclaimer: It is to be distinctly understood that the permission given by Bombay Stock Exchange Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by Bombay Stock Exchange Ltd. nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer Clause of the Bombay Stock Exchange Ltd. RR00004_402_0

4 B Motilal Oswal MOSt Focused 25 Fund B Entry / Exit Load Motilal Oswal MOSt Focused 25 Fund ( MOSt Focused 25) An Open Ended Equity Scheme The investment objective of the Scheme is to achieve long term capital appreciation by investing in upto 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Index Minimum Application Amount : `5,000/- and in multiples of ` /- thereafter. Additional Application Amount : `,000/- and in multiples of `/- thereafter. Normally within Business days from acceptance of Nil * Co- June 0, 204 to June 0, 205 June 0, 20 to June 0, 204 Scheme Motilal Oswal MOSt Focused 25 Fund Returns (%) 25.2% 29.8%.2% Returns (%).0% 9.95% 0.28% (An Open Ended Equity Scheme) May 20 Regular Growth Plan `6.5 Regular Dividend Plan ` NAV Direct Growth Plan `6.00 Quarterly AAUM (June 0th, 205) Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* R-Squared* *Against the benchmark Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. Dividend History Record 2 Nov 204 Direct Plan Regular Plan Dividend per Unit (Rs.).2 Cum Dividend NAV Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. of dividend plan/option would be net of applicable statutory levy, if any. * NAV on thesttransactiondayafterrecord,whichincludesthemarktomarketimpactalso. Current Value of Standard of Rs,000 Motilal Oswal MOSt Focused 25 Fund 6,8,99 NAV per unit : Rs.0000 (May, 20); (Jun. 0, 20); (Jun.0, 204); 6.5 (Jun. 0, 205) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Past performance may or may not be sustained in the future. Industry Allocation Mr. Taher Badshah He has 9 years of experience in fund management and investment research. He has been managing this fund since inception. Mr. Siddharth Bothra He has a rich experience of more than years in the field of research and investments. He has been appointed as the co-fund manager w.e.f May 4, 205 vide addendum dated April 0, 205 Holdings.09 Direct Dividend Plan ` ( `crores). (Annualised).2 (Annualised) N.A. `5.448 Ex Dividend NAV* Auto Banks Finance.% Petroleum Products.02% Consumer Non Durables 6.% Industrial Products 6.% Construction Project 5.9% Software 5.69% Pharmaceuticals 4.% Transportation 4.0% Chemicals.2% Cash & Equivalent.06% Industry classification as recommended by AMFI 8.56% 9.9% Sr. No Scrip Eicher Motors Limited Maruti Suzuki India Limited HDFC Bank Limited Britannia Industries Limited Kotak Mahindra Bank Limited Larsen & Toubro Limited State Bank of India Sun Pharmaceuticals Industries Limited Housing Development Finance Corporation Limited Container Corporation of India Limited Hindustan Petroleum Corporation Limited Tata Motors DVR 'A' Tata Consultancy Services Limited Bharat Forge Limited Cummins India Limited CRISIL Limited Castrol India Limited Pidilite Industries Limited Max India Limited Tech Mahindra Limited Weightage 8.5% 8.% 6.92% 6.% 6.55% 5.9% 5.% 4.% 4.% 4.0%.%.2%.5%.4%.0%.28%.25%.2% 2.4% 2.9% Mr. Taher Badshah is also the fund manager for the scheme MOSt Focused Midcap 0 and Co- for the Scheme MOSt Focused Multicap 5. Mr. Siddharth Bothra is also the co-fund manager for the equity component of the scheme MOSt Focused Midcap 0. Returns for the scheme MOSt Focused Midcap 0 is on page 5 and for the scheme MOSt Focused Multicap 5 is on page 6. * For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt Year Gilt Fund. The returns for which mentioned on page no. 8 & 2 respectively. 4

5 B Motilal Oswal MOSt Focused Midcap 0 Fund B Motilal Oswal MOSt Focused Midcap 0 Fund (MOSt Focused Midcap 0) An Open Ended Equity Scheme The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 0 quality midcap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CNX Midcap Index Minimum Application Amount: ` 5,000/- and in multiples of ` /- thereafter. Additional Application Amount: `,000/- and in multiples of ` /- thereafter. (An Open Ended Equity Scheme) 24 February 204 Regular Growth Plan ` Regular Dividend Plan `9.200 NAV Direct Growth Plan ` Quarterly AAUM (June 0th, 205) Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* R-Squared* Direct Dividend Plan `49.8 ( ` crores) 6.96 (Annualised).60 (Annualised) `9.559 *Against the benchmark CNX Midcap Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. Normally within Business days from acceptance of Entry / Exit Load Nil * Co- June 0, 204 to June 0, 205 Industry Allocation Finance Software Pharmaceuticals Auto Ancillaries Textile Products Consumer Non Durables Transportation Consumer Durables Auto Petroleum Products Industrial Products Construction Project Industrial Capital Goods Cash & Equivalent Mr. Taher Badshah He has 9 years of experience in fund management and investment research. He has been managing this fund since inception. Mr. Siddharth Bothra He has a rich experience of more than years in the field of research and investments. He has been appointed as the co-fund manager w.e.f May 4, 205 vide addendum dated April 0, %.%.2% 2.6% 5.4% 5.8% 5.% 4.68%.2%.40%.09% 6.52% Scheme MOSt Focused Midcap 0 Returns (%) 68.82% 44.6% 9.60% CNX Midcap Returns (%) 4.8%.24% 0.8% Dividend History Record March 4, 205 Direct Plan Regular Plan Dividend per Unit (Rs.) Cum Dividend NAV Ex Dividend NAV* Past performance may or may not be sustained in the future;dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. of dividend plan/optionwould be net of applicable statutory levy, if any. *NAV on the st transaction day after Record, which includes the mark to market impact also. Additional Returns (%)* NAV per unit : Rs.0000 (Feb 24, 204);.922 (Jun. 0, 204); (Jun.0, 205) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. *Also represents Additional. Past performance may or may not be sustained in the future. Holdings Ajanta Pharma Limited Amara Raja Batteries Limited Max India Limited Page Industries Limited CRISIL Limited Bajaj Finance Limited Gujarat Pipavav Port Limited TVS Motor Company Limited Tata Elxsi Limited Hindustan Petroleum Corporation Limited Mindtree Limited Multi Commodity Exchange of India Limited Jubilant Foodworks Limited Sundaram Finance Limited Supreme Industries Limited Voltas Limited Havells India Limited Thermax Limited Repco Home Finance Limited Procter & Gamble Hygiene and Health Care Limited Bata India Limited Industry classification as recommended by AMFI Mr. Taher Badshah is also the fund manager for the scheme Motilal Oswal MOSt Focused 25 and Co- for the Scheme MOSt Focused Multicap 5. Mr. Siddharth Bothra is also the co-fund manager for the equity component of the scheme Motilal Oswal MOSt Focused 25. Returns for the scheme Motilal Oswal MOSt Focused 25 is on page 4 and for the scheme MOSt Focused Multicap 5 is on page 6. * For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt Year Gilt Fund. The Returns for which are mentioned on page no. 8 & 2 respectively. Sr. No % 9.95% Scrip Current Value of Standard of Rs,000 MOSt Focused Midcap 0 6,96 CNX Midcap,528 N.A. *,26 Weightage.2%.40%.%.09%.0% 5.85% 5.4% 5.% 4.9% 4.68% 4.62% 4.44% 4.22%.84%.%.2%.% 2.6% 2.5% 2.0% 2.25% 5

6 B Motilal Oswal MOSt Focused Multicap 5 Fund B 28 Entry / Exit Load Motilal Oswal MOSt Focused Multicap 5 Fund (MOSt Focused Multicap 5) An Open Ended Diversified Equity Scheme The investment objective of the Scheme is to achieve long term capital appreciation by primarily investing in a maximum of 5 equity & equity related instruments across sectors and market capitalization levels. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CNX 500 Index Minimum Application Amount: ` 5,000/- and in multiples of ` /- thereafter. Additional Application Amount: `,000/- and in multiples of ` /- thereafter. Normally within Business days from acceptance of Nil June 0, 204 to June 0, 205 Industry Allocation Scheme MOSt Focused Multicap 5 Fund Returns (%) 62.04% 4.08% CNX 500 Returns (%) 24.6%.% (An Open Ended Diversified Equity Scheme) April 204 Regular Growth Plan `.6 Regular Dividend Plan `.6 NAV Direct Growth Plan `.866 Quarterly AAUM (June 0th, 205) Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* R-Squared* Direct Dividend Plan ` ( ` crores) 4.5 (Annualised).68 (Annualised) `.866 *Against the benchmark CNX 500 Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. * Mr. Gautam Sinha Roy He has close to years of experience in the fund management and investment research. He has been managing this fund since 5th May 204. Co- Mr. Taher Badshah He has a rich experience of more than 9 years in fund management and investment. He has been appointed as the co-fund manager w.e.f May 4, 205 vide addendum dated April 0, 205 Additional Returns (%)* 9.95% 9.95% NAV per unit : Rs.0000 (Apr 28, 204);.900 (Jun. 0, 204);.6 (Jun.0, 205) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. *Also represents Additional. Past performance may or may not be sustained in the future. Holdings Current Value of Standard of Rs,000 MOSt Focused Multicap 5 Fund ^,6 CNX 500 2,96 N.A. * 2, Auto Banks Consumer Non Durables Pharmaceuticals Software Petroleum Products Finance Transportation Textile Products Financials Industrial Products Auto Ancillaries Cash & Equivalent -.50% 4.29%.9%.2%.46%.2% 2.00%.% 8.5%.98%.9% 9.85% 9.0% Sr. No Scrip Maruti Suzuki India Limited HDFC Bank Limited Britannia Industries Limited Eicher Motors Limited Hindustan Petroleum Corporation Limited Ajanta Pharma Limited State Bank of India Tata Consultancy Services Limited IndusInd Bank Limited Lupin Limited Housing Development Finance Corporation Limited Gujarat Pipavav Port Limited Page Industries Limited United Spirits Limited Berkshire Hathaway Tech Mahindra Limited Sundaram Finance Limited Hero MotoCorp Limited Supreme Industries Limited Bosch Limited Weightage 8.98% 8.6% 8.% 8.%.98% 6.4% 5.68% 5.4% 5.00% 4.90% 4.% 4.29%.9%.69%.2%.2%.24% 2.56%.46%.2% Industry classification as recommended by AMFI Mr. Gautam Roy Sinha is also the fund manager for the scheme, Motilal Oswal MOSt Focused Long Term Fund. Returns for which are not provided because the scheme has not completed year. Mr. Taher Badshah is also the fund manager for the scheme, Motilal Oswal MOSt Focused 25 and MOSt Focused Midcap 0. Returns for which are mentioned on page 4 and 5 respectively * For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt Year Gilt Fund. The returns for which are mentioned on page no. 8 & 2 respectively. * For Foreign securities : Mr. Anubhav Srivastava, he is also the fund manager for Motilal Oswal MOSt Shares M50 ETF, Motilal Oswal MOSt Shares Midcap 0 ETF and Motilal Oswal MOSt Shares NASDAQ-0 ETF. The returns for which are mentioned on page no. 9, & respectively. 6

7 B Motilal Oswal MOSt Focused Long Term Fund B Motilal Oswal MOSt Focused Long Term Fund (MOSt Focused Long Term) An open ended equity linked saving scheme with a year lock-in. The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CNX 500 Index Minimum Application Amount: Rs. 500/- and in multiples of Rs. 500/- thereafter. Additional Purchase: Rs. 500/- and in multiples of Rs. 500/- thereafter. Normally within Business days from acceptance of (An Open Ended Equity Linked Saving Scheme with a year lock-in) 2 January 205 Regular Growth Plan `.0040 Regular Dividend Plan `.0040 NAV Direct Growth Plan `.0554 Quarterly AAUM (June 0th, 205) Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* R-Squared* Direct Dividend Plan `42.2 ( ` crores) 4.06 (per month) 0.29 (per month) `.0554 *Against the benchmark CNX 500 Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. Entry / Exit Load Nil * Mr. Gautam Sinha Roy He has close to years of experience in the fund management and investment research. He has been managing this fund since inception. Industry Allocation Holdings Banks Auto Consumer Non Durables Finance Pharmaceuticals Software Petroleum Products Transportation Textile Products Industrial Products Cash & Equivalent.0%.99%.46% 8.% 6.9%.6% 2.2%.06% 4.5% 9.42% 2.8% Sr. No Scrip Britannia Industries Limited Eicher Motors Limited Maruti Suzuki India Limited HDFC Bank Limited IndusInd Bank Limited Hindustan Petroleum Corporation Limited State Bank of India Lupin Limited Housing Development Finance Corporation Limited Ajanta Pharma Limited Tata Consultancy Services Limited Max India Limited Gujarat Pipavav Port Limited Tech Mahindra Limited Hero MotoCorp Limited United Spirits Limited Page Industries Limited Sundaram Finance Limited Supreme Industries Limited Weightage 8.0% 8.22% 8.6% 8.00%.4% 6.9% 6.04% 5.% 5.0% 5.5% 5.%.2%.6%.6%.04% 2.% 2.2%.9%.06% Industry classification as recommended by AMFI Returns for MOSt Focused Long Term are not provided because the scheme has not completed year. Mr. Gautam Roy Sinha is also the fund manager for the scheme, Motilal Oswal MOSt Focused Multicap 5 Fund. Returns for which are mentioned on page 6. * For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt Year Gilt Fund. The returns for which are mentioned on page no. 8 & 2 respectively.

8 B Motilal Oswal MOSt Ultra Short Term Bond Fund B Continuous Offer Motilal Oswal MOSt Ultra Short Term Bond Fund An Open Ended Debt Scheme The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CRISIL Short Term Bond Fund Index Minimum Application Amount : `5,000/- and in multiples of `/- thereafter. Additional Application Amount : `00/- and in multiples of `/- thereafter. Normally within Business day from acceptance of NAV (An Open Ended Debt Scheme) 6 September 20 Direct Plan- Growth Direct Plan-Daily Dividend Regular Plan- Growth Regular Plan-Daily Dividend Regular Plan-Fortnightly Dividend Regular Plan-Monthly Dividend Regular Plan-Weekly Dividend Regular Plan - Quarterly Dividend Quarterly AAUM (June 0th, 205) `65. ( ` crores) `.565 `.0009 `.486 `.0009 `.002 `.002 `.002 `.024 Entry / Exit Load Nil Portfolio Security Issuer Weightage Allahabad Bank CD Bank Of India CD IDBI Bank Limited CD Punjab & Sind Bank CD Axis Bank Limited CD Allahabad Bank CD Vijaya Bank CD Punjab & Sind Bank CD Vijaya Bank CD Union Bank of India CD Uco Bank CD Oriental Bank of Commerce CD Reverse REPO/Cash/Others Allahabad Bank Bank Of India IDBI Bank Limited Punjab & Sind Bank Axis Bank Limited Allahabad Bank Vijaya Bank Punjab & Sind Bank Vijaya Bank Union Bank of India Uco Bank Oriental Bank of Commerce 2.24% 2.2% 2.04% 6.4% 6.4% 6.% 6.% 6.2% 6.2% 6.2% (Data 6.2% as on 0th June 205) 6.0% 8.44% Dividend History Record Dividend Option June 2, 204 Sept. 26, 204 Dec. 29, 204 Mar. 20, 205 June 26, 205 Dividend per Unit (Rs.) Cum Dividend NAV Ex Dividend NAV* Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of distribution taxes, if any. of dividend plan/optionwould be net of applicable statutory levy, if any. * NAV on the dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. of dividend plan/optionwould be net of applicable statutory levy, if any. * NAV on the st transaction day afterrecord,which includes the mark to market impact also. Mr. Abhiroop Mukherjee He has over 8 years of experience in the Financial Services Industry. He has been managing this fund since inception. Quantitative Indicators Average Maturity* 0.yrs /40.06 days YTM.69% *For Motilal Oswal MOSt Ultra Short Term Bond Fund Modified Duration is equal to its Average maturity June 0, 205 to June 0, 205 Scheme Motilal Oswal MOSt Ultra Short Term Bond Fund Returns (%).68%.6% CRISIL Short Term Bond Fund Index Returns (%) 8.8%.4% CRISIL Liquid Fund Index Returns (%) Current Value of Standard of Rs 000 Motilal Oswal MOSt Ultra Short Term Bond Fund CRISIL Short Term Bond Fund Index CRISIL Liquid Fund Index Returns(INR) NAV per unit : Rs..486 (Jun.0, 205);.66 (Jun.0, 204); Rs (Sept. 6, 20) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. *Also represents Additional. Past performance may or may not be sustained in the future. NOTE : Mr. Abhiroop Mukherjee is also fund manager for MOSt Year Gilt Fund. The returns for which are on page no. 2. He is also the fund manager of the debt component for the schemes MOSt Focused 25, MOSt Focused Midcap 0, MOSt Focused Multicap 5 and MOSt Focused Long term, returns for which are mentioned on page 4,5 and 6 respectively. Returns for MOSt Focused Long term are not provided because the scheme has not completed year. 9.% 8.% N.A. 8

9 B Motilal Oswal MOSt Shares M50 ETF B Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) An Open Ended Exchange Traded Fund The Scheme seeks investment return that corresponds (before fees and expenses) generally to the performance of the Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Index On NSE: Investors can buy/sell units of the Scheme in round lot of unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the Scheme only in creation unit size i.e. 50,000 units and in multiples thereof. Normally within Business days from acceptance of (An Open Ended Exchange Traded Fund) NAV - Growth Plan Quarterly AAUM (June 0th, 205) Tracking Error* Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta R-Squared NSE & BSE Symbol Bloomberg Code M50 MOSTM50 28 July 20 ` `26.86 ( `crores) 0.4% (Annualised) (Annualised) *Against the benchmark Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. ISIN Code Entry Load INF24L056 NIL Reuters Code M50.NS Exit Load NIL Mr. Anubhav Srivastava He has 8 years of experience in the Financial Services Industry. He has been managing this fund since Jan 20, 204. June 0, 204 to June 0, 205 June 0, 20 to June 0, 204 June 0, 202 to June 0, 20 June 0, 20 to June 0, 202 Scheme Current Value of Standard of Rs.,000/- Motilal Oswal MOSt Shares M50 ETF Returns Returns Motilal Oswal MOSt Shares M50 ETF Returns 8.%.9% 44.48% 9.% 9.95% 0.28% 4,686 5, % -5.26%.6% -6.5% N. A. NAV per unit : Rs (Jun. 0, 205); Rs.288 (Jun. 0, 204); Rs 6.29(Jun. 0, 20); Rs (Jun. 0, 202); Rs 9.59 (Jun. 0, 20); Rs (July 28, 20) The returns are calculated on adjusted NAV post stock split of Rs. to Rs. Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Past performance may or may not be sustained in the future. Industry Allocation Top Holdings Banks Software Consumer Non Durables Auto Pharmaceuticals Finance Petroleum Products Construction Project Cement Telecom - Services Power Oil Minerals/Mining Non - Ferrous Metals Industrial Capital Goods Ferrous Metals Media & Entertainment Auto Ancillaries Gas Cash & Equivalent 9.24% 8.9%.28% 6.84% 6.29% 4.89% 2.80% 2.6% 2.4% 2.2% 2.%.% 0.5% 0.68% 0.6% 0.6% 0.6% 0.9% 4.85% 24.4% Sr. No Scrip HDFC Bank Limited Housing Development Finance Corporation Limited Infosys Limited ICICI Bank Limited ITC Limited Reliance Industries Limited Larsen & Toubro Limited Tata Consultancy Services Limited Axis Bank Limited Sun Pharmaceuticals Industries Limited Weightage.0% 6.84% 6.59% 5.99% 5.92% 5.5% 4.89% 4.%.20%.9% Industry classification as recommended by AMFI NOTE ) : Due to the fundamental attribute change in the underlying index from MOSt 50 Basket to Index, the NAV of the scheme has been aligned to approximately /0th of Nifty by splitting the units of the scheme. The face value of the units of the scheme changed from Rs. to Rs.. NOTE 2) : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares Midcap 0 ETF and MOSt Shares NASDAQ 0 ETF, the returns for which are mentioned on page no. and respectively and for MOSt Focused Multicap 5 for foreign security. Returns for which are mentioned on page no. 6 9

10 B Motilal Oswal MOSt Shares Midcap 0 ETF B Motilal Oswal MOSt Shares Midcap 0 ETF (MOSt Shares Midcap 0) An Open ended Index Exchange Traded Fund The Scheme seeks investment return that corresponds (before fees and expenses) to the performance of CNX Midcap Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CNX Midcap Index On NSE/BSE: Investors can buy/sell units of the Scheme in round lot of unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the Scheme only in creation unit size i.e. 2,50,000 units and in multiples thereafter. Normally within Business days from acceptance of (An Open Ended Index Exchange Traded Fund) NAV - Growth Plan Quarterly AAUM (June 0th, 205) Tracking Error* Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta R-Squared NSE / BSE Symbol Bloomberg Code M0 MOST0 January 20 `.52 `4.6 ( `crores) 0.6% (Annualised) (Annualised) *Against the benchmark CNX Midcap Total Return Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. ISIN Code Entry Load INF24L02 NIL Reuters Code M0.NS Exit Load NIL Mr. Anubhav Srivastava He has 8 years of experience in the Financial Services Industry. He has been managing this fund since Jan 20, 204. June 0, 204 to June 0, 205 June 0, 20 to June 0, 204 June 0, 202 to June 0, 20 June 0, 20 to June 0, 202 Scheme Current Value of Standard of Rs.,000/- Motilal Oswal MOSt Shares Midcap 0 ETF Returns CNX Midcap Index Returns Returns* Motilal Oswal MOSt Shares Midcap 0 ETF CNX Midcap Index * 2.8%.48% 52.82% 0.60% -6.8%.89%.24% 5.% -0.% -.% 9.95% 9.95% 0.28%.6% -6.5%,062 6,42 N. A. 5,99 NAV per unit : Rs.52 (Jun. 0, 205); Rs.5055 (Jun. 0, 204); Rs.5288 (Jun 0, 20); Rs.488 (Jun. 0, 202); Rs (Jun. 0, 20) Rs.9225 (Jan, 20) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. *Also represents Additional Past performance may or may not be sustained in the future. Industry Allocation Top Holdings Finance Consumer Non Durables Pharmaceuticals Auto Ancillaries Industrial Capital Goods Auto Banks Software Petroleum Products Power Cement Chemicals Pesticides Transportation Industrial Products Gas Healthcare Services Consumer Durables Construction Services Construction Project Ferrous Metals Telecom - Services Oil Hotels Resorts and other Recreational Activities Non - Ferrous Metals Media & Entertainment Cash & Equivalent 6.98% 5.95% 5.9% 5.%.8%.5%.4%.05% 2.59% 2.54% 2.52% 2.46%.95%.6%.6%.59%.58%.56%.52%.48%.05% 0.% 0.6% 0.4% 0.0% 2.82%.80%.26% Sr. No Scrip Eicher Motors Limited Britannia Industries Limited UPL Limited Indiabulls Housing Finance Limited Motherson Sumi Systems Limited Glenmark Pharmaceuticals Limited Bharat Forge Limited Hindustan Petroleum Corporation Limited Divi's Laboratories Limited Siemens Limited Weightage.40% 2.65% 2.54% 2.54% 2.5% 2.26% 2.2% 2.00%.9%.95% Industry classification as recommended by AMFI NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50 ETF and MOSt Shares Nasdaq 0 ETF, the returns for which are mentioned on page no. 9 and respectively and for MOSt Focused Multicap 5 for foreign security. Returns for which are mentioned on page no. 6

11 B Motilal Oswal MOSt Shares NASDAQ - 0 ETF B Motilal Oswal MOSt Shares NASDAQ - 0 ETF (MOSt Shares NASDAQ 0) An open ended Index Exchange Traded Fund The Scheme seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ-0 Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. NASDAQ - 0 Index On NSE & BSE: Investors can buy/sell units of the Scheme in round lot of unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the Scheme only in creation unit size i.e. 0,000 units and in multiples thereafter. Normally within Business days from acceptance of (An Open Ended Index Exchange Traded Fund) NAV - Growth Plan Quarterly AAUM (June 0th, 205) Tracking Error* Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* R-Squared* NSE & BSE Symbol Bloomberg Code N0 MOSTNDX 29 March 20 ` `0.69 ( `crores) 0.5% (Annualised) (Annualised) *Against the benchmark NASDAQ-0 Total Return Index. # Risk free returns based on 65-days T-bill cut-off of.2% as on the last auction. ISIN Code Entry Load INF24L0 NIL Reuters Code N0.NS or N0.BO Exit Load NIL Mr. Anubhav Srivastava He has 8 years of experience in the Financial Services Industry. He has been managing this fund since Jan 20, 204. June 0, 204 to June 0, 205 June 0, 20 to June 0, 204 June 0, 202 to June 0, 20 June 0, 20 to June 0, 202 Scheme Current Value of Standard of Rs.,000/- MOSt Shares NASDAQ 0 Returns NASDAQ 0 Index Returns (%) Returns* MOSt Shares NASDAQ 0 NASDAQ 0 Index 26.25% 20.96% 2.0% 2.8% 40.2% 26.9% 2.2% 2.08% 2.4% 40.4% 9.28% 9.95% 0.28%.6% -6.5% 26,98 2,0 N. A. 4,589 NAV per unit : Rs (Jun. 0, 205); Rs (Jun. 0, 204); Rs 4.46 (Jun. 0, 20); Rs 4.2 (Jun. 0, 202); Rs (Jun 0, 20); Rs 4.62 (March 29, 20) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. *Also represents Additional Past performance may or may not be sustained in the future. Industry Allocation Software & Services Technology Hardware & Equipment Pharmaceuticals Biotechnology Media Retailing Semiconductors & Semiconductor Internet Software & Services Food Products Health Care Equipment & Services Food & Staples Retail Consumer Services Biotechnology Food & Staples Retailing Semiconductors Capital Goods AutoMobile Life Sciences Tools & Services Airlines Wireless Telecommunication Services Beverages Semiconductors & Semiconductor Equipment Software Hotels Restaurants & Leisure Computers & Peripherals Transportation Consumer Durables & Apparel Materials Telecommunication Services Health Care Providers & Servic Specialty Retail Food Beverages & Tobacco Professional Services Commercial & Professional Services Internet & Catalog Retail Consumer Discretionary Cash & Equivalent 22.4% 8.2%.40% 9.90%.9% 6.%.2% 2.2% 2.2%.8%.%.%.46%.0% 0.69% 0.65% 0.6% 0.55% 0.4% 0.44% 0.44% 0.4% 0.40% 0.% 0.5% 0.4% 0.% 0.% 0.25% 0.24% 0.24% 0.2% 0.22% 0.22% 0.% 0.46% Industry Classification is as per Global Industry Classification Standard (GICS). Top Holdings Sr. No. Scrip Apple 2 Microsoft Corporation Amazon.com 4 Facebook 5 Google -Class C 6 Gilead Sciences Google 8 Intel Corporation 9 Cisco Systems Comcast Corporation Weightage 4.2%.9%.94%.9%.52%.40%.0% 2.84% 2.8% 2.52% NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50 ETF and MOSt Shares Midcap 0 ETF, the returns for which are mentioned on page no. 9 and respectively and for MOSt Focused Multicap 5 for foreign security. Returns for which are mentioned on page no. 6

12 B Motilal Oswal MOSt Year Gilt Fund B Motilal Oswal MOSt Year Gilt Fund (MOSt Year Gilt Fund) An Open Ended Gilt Scheme The primary investment objective of the scheme is to generate credit risk - free return by investing in a portfolio of securities issued by the Central Government & State Government. However there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CRISIL Year Gilt Index Minimum Application Amount : `,000/- and in multiples of ` /- thereafter. Additional Application Amount : `00 /- and in multiples of `/- thereafter. Normally within Business day from acceptance of (An Open Ended Gilt Scheme) 2 December 20 Regular Growth Plan Regular Dividend Plan Direct Dividend Plan Quarterly AAUM (June 0th, 205) `. ( `crores) ` `.650 NAV Direct Growth Plan `2.8 Dividend History Record Dividend Option Dividend per Unit (Rs.) May, Cum Dividend NAV `.5250 Ex Dividend NAV* January 8, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. of dividend plan/option would be net of applicable statutory levy, if any. * NAV on the st transaction day afterrecord,whichincludesthemarktomarketimpactalso. Scheme Current Value of Standard of Rs 000 MOSt year Gilt Fund Returns (%) Crisil Year Gilt Index Returns (%) MOSt year Gilt Fund Crisil Year Gilt Index June 0, 204 to June 0, 205 June 0, 20 to June 0, 204 June 0, 202 to June 0, %.5% -.4% 9.99% 5.98%.59% -.45%.2% N.A. NAV per unit : Rs (Jun. 0, 205); Rs.090 (Jun. 0, 204); Rs.40 (Jun. 0, 20); Rs.406 (Jun. 0, 202);Rs.0000 (Dec. 2, 20) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Past performance may or may not be sustained in the future. Portfolio Security Issuer Weightage GOI 0.2% 25MAY25 Government of India 9.25% Reverse REPO/Cash/Others % Quantitative Indicators Average Maturity Modified Duration YTM 9.9 Years 6. Years.8% Mr. Abhiroop Mukherjee He has over 8 year experience in the Financial Services Industry. He has been managing this fund since inception. NOTE : Mr. Abhiroop Mukherjee is also fund manager for Motilal Oswal MOSt Ultra Short Term Bond Fund, the returns for which are mentioned on page no. 8. He is also the fund manager of the debt component for the schemes MOSt Focused 25, MOSt Focused Midcap 0, MOSt Focused Multicap 5 and MOSt Focused Long term, returns for which are mentioned on page 4,5 and 6 respectively. Returns for MOSt Focused Long term are not provided because the scheme has not completed year. Total Expense Ratio: Motilal Oswal MOSt Focused 25 Fund Direct Plan.6%, Motilal Oswal MOSt Focused 25 Fund Regular Plan 2.58%, Motilal Oswal MOSt Focused Midcap 0 Fund Direct Plan.%, Motilal Oswal MOSt Focused Midcap 0 Fund Regular Plan 2.4%, Motilal Oswal MOSt Focused Multicap 5 Fund Direct Plan.%, Motilal Oswal MOSt Focused Multicap 5 Fund Regular Plan 2.8%, Motilal Oswal MOSt Focused Long Term Fund Direct Plan 2.2%, Motilal Oswal MOSt Focused Long Term Fund Regular Plan.2%, Motilal Oswal MOSt Ultra Short Term Bond Fund Direct Plan 0.55%, Motilal Oswal MOSt Ultra Short Term Bond Fund Regular Plan.00%, Motilal Oswal MOSt Year Gilt Fund Direct Plan 0.69%, Motilal Oswal MOSt Year Gilt Fund Regular Plan.00%, Motilal Oswal MOSt Shares M50 ETF.00%, Motilal Oswal MOSt Shares Midcap 0 ETF.00%, Motilal Oswal MOSt Shares NASDAQ-0 ETF.00%. 2

13 B B Disclaimer: The information contained herein should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of Motilal Oswal Asset Management Company Limited (MOAMC). Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation or solicitation to do so for any securities. MOAMC shall not be liable for any direct or indirect loss arising from the use of any information contained in this document from time to time. Readers shall be fully responsible/liable for any decision taken on the basis of this document. The information / data herein alone is not sufficient and shouldn t be used for the development or implementation of an investment strategy. Mutual Fund s are subject to market risks, read all scheme related documents carefully.

14 BR T S B BUY RIGHT : SIT TIGHT Buying quality companies and riding their growth cycle B BR T S Sit Tight Approach QGLP