F A C T S H E E T. Shares Acts like a fund, Trades like a share. March MOSt. Regards, Rajnish Kumar Rastogi Fund Manager

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1 Mutual Fund MOSt Shares Acts like a fund, Trades like a share March 2013 F A C T S H E E T Fund manager s speak Dear Investors, The global financial markets continued their upward move during the month with S&P 500 Index and NASDAQ-100 Index moving up by 0.93% and 0.32% respectively. The positive impact of the political consensus reached in US to avoid potential spending freeze as a result of fiscal cliff related issues was dampened by uncertainty surrounding the US Fed continuing the quantitative easing program and forced spending cuts under the Sequester. Under Sequester, spending by the US government would reduce by $85 billion annually or close to half a percentage point of US GDP. The US economy is showing mixed signs with Chicago PMI for February 2013 increasing to 56.8 driven by strength in new orders and production, existing home sales have started growing on a Year over Year (YoY) basis but US GDP growth for 4Q 2012 being revised up to Quarter over Quarter (QoQ) growth of 0.1% vs expectations of 0.5% growth. The global uncertainty increased as the month progressed with Italian elections throwing an indecisive verdict making it difficult for any party to form government. It brought back to attention the time it will take to de-leverage finances of Eurozone countries. Most of the de-leveraging in Eurozone is to be accompanied with spending cuts by governments which may lead to increasing hardships for people of those regions. Although the political parties in US did not agree for resolution of the Sequester, Chairman of the US Federal Reserve in his testimony to the US Senate and House of Representatives stated that the quantitative easing program had helped increase jobs in US and the US Federal Reserve intends to continue supporting economic growth through monetary easing in the near future. This helped calm the market environment. Domestic Market Prudence in a tough environment During the month, Indian markets corrected significantly with Nifty, MOSt 50 Basket and CNX Midcap Index correcting by 5.66%, 8.27% and 9.84% respectively. After touching a high of 11.4% YoY growth for the quarter ending March 2010, Indian GDP growth has declined for the last 11 quarters and in 1Q, 2Q and 3Q of FY 2013 it has grown at 5.5%, 5.3% and 4.5% respectively. The decline in GDP growth has been broad base with growth rate of agriculture, manufacturing, electricity, trade and financial & business services declining by 4.3%, 4.9%, 2.1%, 4.5% and 3.7% respectively between Q1 FY 2012 to Q3 FY 2013, i.e. over last 6 quarters. As a result, Indian GDP is forecast to grow between 4.9 to 5.1 percent for FY The Index of Industrial Production (IIP) contracting by 0.6% for the month of December 2012 and growing by only 0.7% for the 9 months ending December The slowdown in growth has been broad based with demand reduction in consumer, capital goods, and intermediate goods. From industry segment view, only electricity generation grew during the month while manufacturing and mining saw demand reduction. Declining inflation provides some room for fiscal and monetary policies. Wholesale price inflation has eased significantly from 8.1% in September 2012 to 6.62 per cent in January 2013 driven by correction in core inflation. In the union budget for FY 2014, the finance minister has given a reasonable spending plan and set reasonable revenue collection targets. Fiscal deficit for FY 2014 is being targeted at 4.8%. The fiscal deficit for FY 2013 is projected to come at 5.2%, slightly lower than revised estimates of 5.3%. The key risks to the budgeted fiscal deficit stem could come from stiff disinvestment target (Rs 54,000 crores), high provisions for 2G spectrum auctions & smaller provisioning for food subsidy. However upside could come from states agreeing to implement GST this year itself. Outlook Earnings from corporate sector have come in weaker than estimated with weakness in automobile, cement, FMCG and PSU banking segments. On the positive side, Non-performing loans of the banking sector are peaking out and earnings growth from oil & gas, pharma, IT, telecom and private sector banks are expected to gain momentum. Fiscal and monetary steps expected to be taken over the course of the year are expected to help GDP growth for FY 2014 recover to % range. During FY 2014, inflation, especially WPI, is expected to decline from current levels driven by low core inflation. The improving macro environment is expected to help improve earnings prospects of companies as the year progresses. This along with improving global macro-economic environment set up a reasonable environment for investments in debt and equity capital markets over next 12 months. Regards, Rajnish Kumar Rastogi 1

2 Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) An open ended Exchange Traded Fund 28 July 2010 ` `84.20 (` crores) The seeks investment return that corresponds Tracking Error* 0.34% (Annualised) (before fees and expenses) generally to the % p.a. of the MOSt 50 Basket (Underlying Basket), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio (Annualised) (Annualised) 0.30 MOSt 50 Basket and S&P CNX Nifty Index Beta MOSt 50 S&P CNX Nifty 1.06 On NSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 50,000 units and in multiples thereof. R-Squared NSE & BSE Symbol Bloomberg Code Reuters Code M50 MOSTM50 M50.NS ISIN Code Entry Load Exit Load 0.98 *Against the benchmark MOSt 50 Basket ^Year-to-date. #Risk free returns based on 365-days T-bill cut-off of % as on the last auction. INF247L01015 Mr. Rajnish Kumar Rastogi He has 16 years of experience in the Financial Services Industry. He has been managing this fund since inception. Date MOSt Shares M50 Returns (%)^ S&P CNX Nifty Returns (%) MOSt 50 Basket Returns (%) December 31, 2011 to December 31, % 27.07% 35.22% December 31, 2010 to December 31, % % % Note: Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) is eligible and in compliance with the provisions of Rajiv Gandhi Equity Savings, 2012(RGESS) as per the guidelines notified by the Ministry of Finance vide notification no. 50/2012 F. No. 142/35/2012-TPL dated November 23, 2012 and SEBI circular having reference no. CIR/MRD/DP/32/2012 dated December 6, Kindly refer to addendum dated January 22, 2013 on our website, for more details. Industry Allocation Top 10 Holdings Banks Consumer Non Durables Software 10.68% 10.22% 22.03% Sr. No. Scrip Weightage in M50^ Auto 9.82% 1 Axis Bank 8.47% Cement Power 9.00% 8.30% 2 Ambuja Cements 6.74% Finance Petroleum Products Non - Ferrous Metals 5.38% 4.62% 4.23% 3 4 Hindustan Unilever ICICI Bank 5.86% 4.91% Minerals/Mining Gas 3.95% 3.25% 5 Infrastructure Development Finance Company 4.76% Pharmaceuticals Oil Ferrous Metals 3.06% 1.28% 1.05% 6 7 HCL Technologies Hindalco Industries 4.63% 4.23% Industrial Capital Goods Telecom - Services 0.95% 0.77% 8 Wipro 4.14% Construction Construction Project Cash & Equivalent 0.73% 0.53% 0.15% 9 10 Tata Motors ITC 4.14% 4.13% ^MOSt Shares M50 NOTE : Mr. Rajnish Kumar Rastogi is also fund manager for MOSt Shares Midcap 100, MOSt Shares NASDAQ 100 & MOSt Gold Shares. The returns for which are on page no. 3 & 4 respectively. for MOSt Gold Shares is not published since the scheme has not completed one year. 2

3 IMidcap 100 Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares Midcap100) 31 January 2011 ` An open ended Index Exchange Traded Fund ` (` crores) The 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 would be achieved. Tracking Error* Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* 0.26% (Annualised) % p.a (Annualised) (Annualised) 0.99 CNX Midcap Index R-Squared* On NSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 2,50,000 units and in multiples thereafter. *Against the benchmark CNX Midcap Total Return Index ^Year-to-date. # Risk free returns based on 365-days T-bill cut-off of % as on the last auction. NSE Symbol M100 ISIN Code INF247L01023 Bloomberg Code MOST100 Entry Load Reuters Code M100.NS Exit Load Mr. Rajnish Kumar Rastogi He has 16 years of experience in the Financial Services Industry. He has been managing this fund since inception. Date December 31, 2011 to December 31, 2012 MOSt Shares Midcap100 Returns (%) ^ CNX Midcap Index Returns (%) 40.32% 39.16% Industry Allocation Banks Pharmaceuticals Consumer Non Durables Finance Software Power Industrial Capital Goods Cement Auto Ancillaries Petroleum Products Construction Chemicals Gas Construction Project Healthcare Services Media & Entertainment Industrial Products Services Consumer Durables Oil Hotels Pesticides Ferrous Metals Transportation Auto Ferrous Metals Non - Retailing Fertilisers Cash & Equivalent 5.65% 4.65% 4.09% 3.65% 3.53% 3.24% 2.79% 2.77% 2.72% 2.29% 2.18% 2.17% 1.92% 1.88% 1.57% 1.39% 1.33% 1.30% 1.23% 1.15% % 0.93% 0.69% 0.36% 0.43% 8.15% 13.84% 11.66% 11.44% Top 10 Holdings Sr. No. Scrip 1 Godrej Consumer Products 2 Tech Mahindra 3 Glenmark Pharmaceuticals 4 Divi's Laboratories 5 Apollo Hospitals Enterprise 6 Tata Chemicals 7 Aditya Birla Nuvo 8 Mahindra & Mahindra Financial Services 9 Tata Global Beverages 10 Marico Weightage in Midcap 100^ 2.69% 2.44% 2.43% 2.22% 2.18% 1.99% 1.88% 1.75% 1.74% 1.70% ^MOSt Shares Midcap 100 NOTE : Mr. Rajnish Kumar Rastogi is also fund manager for MOSt Shares M50, MOSt Shares NASDAQ 100 & MOSt Gold Shares. The returns for which are on page no. 2 & 4 respectively. for MOSt Gold Shares is not published since the scheme has not completed one year. 3

4 nasdaq 100 I I Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100) 29 March 2011 ` An open ended Index Exchange Traded Fund `61.82 (` crores) The seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ-100 Index, subject to tracking error. However, there can be no assurance or guarantee that the Tracking Error* Standard Deviation Sharpe Ratio# 0.49% (Annualised) % p.a (Annualised) (Annualised) investment objective of the would be achieved. Portfolio Turnover Ratio 0.29 NASDAQ-100 Index On NSE & BSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 100,000 units and in multiples thereafter. Beta* R-Squared* NSE & BSE Symbol Bloomberg Code Reuters Code N100 MOSTNDX N100.NS or N100.BO 0.99 *Against the benchmark with NASDAQ 100 Total Return Index ^Year-to-date. # Risk free returns based on 365-days T- bill cut-off of % as on the last auction. ISIN Code Entry Load Exit Load INF247L01031 Mr. Rajnish Kumar Rastogi He has 16 years of experience in the Financial Services Industry. He has been managing this fund since inception. Date December 31, 2011 to December 31, 2012 MOSt Shares NASDAQ 100 Returns (%) ^ NASDAQ-100 Index (In INR) (%) 17.44% 17.51% Industry Allocation Software & Services Technology Hardware & Equipment Pharmaceuticals, Biotechnology Retailing Semiconductors & Semiconductor Media Health Care Equipment & Services Food & Staples Retailing Internet Software & Services Consumer Services Food Products Semiconductors Capital Goods Biotechnology Telecommunication Services Consumer Durables & Apparel Others Transportation Health Care Providers & Servic Computers & Peripherals Pharmaceuticals Professional Services Materials Wireless Telecommunication Services Beverages Commercial & Professional Services Cash & Equivalent Textiles, Apparel & Luxury Goods Software Metals & Mining 7.82% 7.37% 7.31% 6.91% 3.03% 1.87% 1.75% 1.65% 1.54% 1.21% 1.02% 1.02% 0.77% 0.65% 0.64% 0.54% 0.36% 0.36% 0.34% 0.30% 0.29% 0.28% 0.27% 0.26% 0.19% 0.19% 0.18% 0.14% 22.30% 29.44% Top 10 Holdings Sr. No. Scrip 1 Apple 2 Microsoft Corporation 3 Google 4 Oracle Corporation 5 Amazon.com 6 QUALCOMM 7 Cisco Systems 8 Intel Corporation 9 Comcast Corporation 10 ebay Weightage in N100^ 13.15% 7.36% 6.67% 5.26% 3.75% 3.52% 3.49% 3.28% 2.68% 2.20% ^MOSt Shares NASDAQ 100 NOTE : Mr. Rajnish Kumar Rastogi is also fund manager for MOSt Shares M50, MOSt Shares Midcap 100 & MOSt Gold Shares. The returns for which are on page no. 2 & 3 respectively. for MOSt Gold Shares is not published since the scheme has not completed one year. 4

5 Mosl10 Year gilt fund Load Portfolio Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund) An Open Ended Gilt 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 would be achieved. 10 Year GOI Date Security * and CRISIL Gilt Index * NDS OM (Negotiated Dealing System Order Matching ) Last traded Price. Minimum Application Amount : `10,000 /- and in multiples of `1 /- thereafter. Additional Application Amount : `1000 /- and in multiples of `1/- thereafter. Entry - Nil; Exit - 0.5% if redeemed within 6 months Mr Abhiroop Mukherjee He has over 6 year experience in the Financial Services Industry. He has been managing this fund since inception. Security Issuer % of holding 8.15% GOI 2022 Cash/REPO/CBLO/Others Period Government of India Government of India 99.22% 0.78% NAV (As on 28th February 2013) Growth Plan Dividend Reinvest Plan Dividend Payout Plan INF247L01049 INF247L01056 INF247L December 2011 Growth Plan Dividend Plan Direct Dividend Plan ` (` crores) 0.99% p.a. ISIN Code for Plans & Options Dividend History Record Date(dd/mm/yy) Dividend Option Rate(Re/Unit) May 17, Cum Dividend NAV ` ` ` Ex Dividend NAV* ^Year-to-date. 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 1st transaction day after Record Date, which includes the mark to market impact also. Quantitative Indicators Average Maturity Modified Duration YTM Note: # The benchmark of MOSt 10 Year Gilt Fund has been changed from 10 Year GOI Dated Security and CRISIL Gilt Index to CRISIL 10 Year Gilt Index w.e.f. January 31, Years 6.30 Years % # MOSt 10 Year Gilt Fund Returns (%)^ CRISIL 10 Year Gilt Index December 31, 2011 to December 31, % 10.67% Direct Growth Plan ` Direct Growth Plan Direct Dividend Reinvest Plan Direct Dividend Payout Plan INF247L01122 INF247L01130 INF247L01148 January 8, Motilal Oswal Mutual Fund Mosl GOLD SHAREs Motilal Oswal MOSt Shares Gold ETF An Open Ended Exchange Traded Fund 22 March 2012 ` The objective of the scheme is to provide return by investing in Gold Bullion. The performance of the fund will be benchmarked to the Spot Gold Price. However, the performance of the schame may differ from that of the index due to tracking error. There can be no assurance or gurantee of the investment objective of the scheme would be achived. Tracking Error `51.50 (` crores) 1.30% p.a. 0.17% (Annualised) ^Year-to-date. Spot Domestic Gold Price NSE & BSE Symbol MGOLD Entry Load On NSE & BSE: Investor can buy/sell units in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund : Investor can buy / sell units of the scheme in creation of Unit Size. Bloomberg Code ISIN Code MOSTGLD INF247L01072 Exit Load Mr. Rajnish Kumar Rastogi He has 16 years of experience in the Financial Services Industry. He has been managing this fund since inception. Portfolio Security Type NOTE : of MOSt Gold Shares is not provided as it has not completed one year. Mr. Rajnish Kumar Rastogi is also fund manager for MOSt Shares M50, MOSt Shares Midcap 100 & MOSt Shares NASDAQ 100. The returns for which are on page no. 2, 3 & 4 respectively. Gold Cash & Other Receivables Net Assets % of holding 98.90% 1.10% % 5

6 Surety of Purity Invest in 10 Yr Bond Funds in their purest form The passive nature of Motilal Oswal MOSt 10 Year Gilt fund reduces the fund manager s bias in investment decisions to maintain the purity of your investment. Invest in MOSt 10 Year Gilt Fund to avail an easy access to the 10 year Bonds in its purest form. Motilal Oswal MOSt 10 Year Gilt Fund (An open ended Gilt ) Call: SMS: GILT to mfservice@motilaloswal.com Website: Website: Follow us on: /motilaloswalamc Mutual Fund MOSt Funds Acts like a fund, Trades like a share Mutual Fund investments are subject to market risks, read all scheme related documents carefully Risk Disclosure and Disclaimer Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, Trustee: Motilal Oswal Trustee Company Ltd. Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the 's objectives will be achieved (2) As the price / value / interest rates of the securities in which the invests fluctuates, the Net Asset Value (NAV) of units issued under the may go up or down depending upon the factors and forces affecting the securities market (3) Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance of the and may not provide a basis of comparison with other investments (4) Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares Midcap 100), Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ100), Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund) and Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares) are the name of the s and does not in any manner indicate either the quality of the s, 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 (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. 1 Lac towards setting up of the Mutual Fund (6) The present s are not guaranteed or assured return s. Mutual Fund investments are subject to market risks, read all scheme related documents carefully 6 RR00004_40112_010