KEY INFORMATION MEMORANDUM FOR

Transcription

1 KEY INFORMATION MEMORANDUM FOR (An open ended Exchange Traded Fund) NEW FUND OFFER OPENS ON - MARCH 02, 2012 TO MARCH 16, 2012 Scheme re-opens for continuous sale and repurchase on or before - MARCH 26, 2012 Offer for Units having face value of Rs. 10/- per unit for cash at a premium approximately equal to the difference between face value and allotment price during the New Fund Offer Period and at NAV based prices during Continuous Offer. This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website and The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. Investment Objective The investment 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 scheme may differ from that of the underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Asset Allocation Pattern of the Scheme Instruments Indicative allocations (% of total assets) Minimum Maximum Gold Bullion 95% to 100% Medium Government Securities, Money Market 0% to 5% Low Instruments and cash at call The Scheme will not make any overseas investment and investment in derivatives. Investment Strategy The Scheme will invest the funds in physical gold having 99.5% purity (fineness), with the objective to generate returns that are in line with the performance of gold, subject to tracking errors. The Scheme investments will be in accordance with investment objective of the Scheme and provisions of SEBI regulations. Risk Profile of the Scheme & Risk Mitigation Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: Market Risk: The value of the Units relates directly to the value of the gold held by the Scheme and fluctuations in the price of gold could adversely affect investment value of the Units. The factors that may effect the price of gold, inter - alia, include economic and political developments, changes in interest rates and perceived trends in bullion prices, exchange rates, inflation trends, market movements, etc. Currency Risk: The formula for determining NAV of the Units is based on the imported (landed) value of gold. The landed value of gold is computed by multiplying international market price by US dollar value. The value of gold or NAV, therefore will depend upon the conversion value of US dollar into Indian rupee and attracts all the risks attached to such conversion. Counter party Risk: The Scheme will buy or sell gold from the open market, which may lead to counter party risks for the Scheme for trading and settlement. Asset Class Risk: The returns from physical Gold in which the Scheme invests may underperform returns from the securities or other asset classes. Physical gold: There is a risk that part or all of the Scheme s gold could be lost, damaged or stolen. Access to the Scheme s gold could also be restricted by natural events or human actions. Any of these actions may have adverse impact on the operations of the Scheme and consequently on investment in Units. Liquidity Risk: The Scheme has to sell gold only to bullion bankers/traders who are authorized to buy gold. Though, there are adequate numbers of players (commercial or bullion bankers) to whom the Scheme can sell gold, the Scheme may have to resort to distress sale of gold if there is no or low demand for gold to meet its cash needs of redemption or expenses. Regulatory Risk: Any changes in trading regulations by the stock exchange(s) or SEBI / RBI may affect the ability of Authorised Participant to arbitrage resulting into wider premium/ discount to NAV. Any changes in the regulations relating to import and export of gold or gold jewellery (including customs duty, sales tax and any such other statutory levies) may affect the ability of the Scheme to buy/ sell gold against the purchase and redemption requests received. Price Risk: The performance of the Scheme may be affected by a general price decline in the Gold prices. The Scheme invests in the physical Gold regardless of their investment merit. The AMC does not attempt to take defensive positions in declining markets. Indirect taxation: For the valuation of gold by the Scheme, indirect taxes like customs duty, VAT, etc. would also be considered. Hence, any change in the rates of indirect taxation would affect the valuation of the Scheme. Operational Risks: Gold Exchange Traded Funds (GETFs) are relatively new products and their value could decrease if unanticipated operational or trading problems arise. Motilal Oswal Shares Gold ETF - an open ended Exchange Traded Fund, is therefore subject to operational risks. In addition, investors should be aware that there is no assurance that gold will maintain its long - term value in terms of purchasing power. In the event that the price of gold declines, the value of investment in Units is expected to decline proportionately. Redemption Risk: Though this is an open - ended scheme, the Scheme would ordinarily repurchase Units in Creation Unit Size. Thus Unit holding less than Creation Unit Size can only be sold through the secondary market on the Exchange. Further, the price received upon the redemption of Units of the Scheme may be less than the value of the gold represented by them. Risk Mitigation Measures The Fund will make the Investment as per the investment objective of the Scheme and in accordance with SEBI Regulations. The Fund will endeavour to reduce the tracking error. The AMC will appoint at least two Authorised Participants who would endeavour to provide liquidity of the units of the Scheme on the exchange at all times. Plans and Options The Scheme offers only Growth Option. Applicable NAV (after the scheme opens for repurchase and sale) On the Exchange : As the Scheme would be listed on the exchange, the investor can buy units on an ongoing basis on the National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) at the traded prices which may be close to the actual NAV of the Scheme. The units are purchased in round lots of 1 unit. Directly with the Mutual Fund : The authorized participant/any investor can subscribe the units of the Scheme directly with the Mutual Fund only in creation unit size at the applicable NAV of the Scheme. The number of units of the Scheme that authorized participant/ investor can create is 10 units and in multiples thereafter. Minimum Application Amount / Number of Units During NFO: ` 10,000/- and in multiples of ` 1/- each. Continuous Offer: On Exchange: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the Scheme in creation unit size. Applications Supported by Blocked Amount (ASBA) Investors may apply through the ASBA facility during the NFO period of the Scheme by filling in the ASBA form and submitting the same to selected Self Certified Syndicate Banks (SCSBs) which are registered with SEBI for offering the ASBA facility, which in turn will block the amount in the account as per the authority contained in the ASBA form, and undertake other tasks as per the procedure specified therein. The application money shall remain blocked in the bank account till the allotment of the units or till withdrawal/ rejection of the application, as the case may be. The list of SCSBs and their designated branches where ASBA application form can be submitted is available on the websites of BSE ( NSE ( and SEBI ( Allotment Subject to the receipt of the minimum subscription amount, allotment would be made to all the valid applications of the Unitholders received during the NFO Period. Allotment would be completed within 5 business days after the closure of the NFO. The process will be as follows Each Creation Lot would consist of 10 units of Motilal Oswal MOSt Shares Gold ETF, where one unit would represent 1gm of gold with 99.5% purity (fineness). As explained earlier, the Creation Lot is made up of 2 components i.e. Portfolio Deposit and Cash Component. The Portfolio Deposit will consist of physical gold in a pre-defined quantity and in multiples of 1 Kg, 100g and 10g with purity of 995 parts per 1000 of physical gold. The quantity and purity (fineness) of physical gold will be defined and announced by the AMC from time. The value of this Portfolio Deposit will change due to change in the domestic spot price of gold during the day. The cash component would be attributed towards the expenses of the fund. The example of Creation Unit is as under: No. of units in one creation unit 10 Value of one creation unit (a) Value of gold (b) Cash component (c = a - b) 286 *The above example is based on the domestic spot price of gold as on 06/9/2011 Value of Portfolio Deposit : ` Value of Cash Component : ` 286 Total Value of Creation Unit : ` Allotment of units under the Scheme would be at the discretion of the Trustee. The Trustees reserve the right to reject any application without assigning any reason thereof. An allotment advice stating the number of units allotted would be dispatched by ordinary post to each Unitholder, not later than 5 business days after the closure of NFO and the units will be credited to the DP account of the applicant as per the details provided in the application form. Any excess amount, if any, would be refunded to the Unitholder. Ongoing price for subscription (purchase by investors) This is the price you need to pay for purchase On the Exchange : As the Scheme would be listed on the exchange, the investor can buy units on an ongoing basis on the National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) at the traded prices which may be close to the actual NAV of the Scheme. The units are purchased in round lots of 1 unit. Directly with the Mutual Fund : The authorized participant/any investor can subscribe the units of the Scheme directly with the Mutual Fund only in creation unit size at the applicable NAV of the Scheme. The number of units of the Scheme that authorized participant/ investor can create is 10 units and in multiples thereafter. Ongoing price for redemption (sale) by investors This is the price you will receive for redemptions/switch outs. On the Exchange : As the Scheme would be listed on the exchange, the investor can sell units on an ongoing basis on the National Stock Exchange of India Ltd. (NSE)/ / Bombay Stock Exchange Ltd. (BSE) at the traded prices. The units are redeemed in round lots of 1 unit. Directly with the Mutual Fund : The authorized participant can redeem the units of the Scheme directly with the Mutual Fund only in creation unit size of 10 units at the applicable NAV of the Scheme. The number of units of the Scheme that authorized participant/ investor can redeem is 10 units and in multiples thereafter. Procedure for subscribing units directly with the fund Portfolio Deposit / Cash component The Investor / Authorised Participant can subscribe units of the Scheme directly with the Mutual Fund only in creation unit size as per the procedure given below: The Creation consists of two components called the Portfolio Deposit and a Cash Component. The Portfolio Deposit comprises of physical gold. The Cash Component is the difference between the applicable net asset value of creation unit and the market value of the gold. This difference will represent accrued interests, accrued annual charges including management fees and residual cash in the Scheme. In addition, the cash component will include transaction charges to the extent charged by the third parties such as Custodian/DP and other incidental expenses for creating units. The value of both the components changes from time to time and will be announced on our website on daily basis. The number of units of the Scheme that investors can create in exchange of the Portfolio Deposit and Cash Component is 10 units and in multiples thereof. (1 unit = 1 gm of physical gold). The facility of creating units in creation unit size is available all investors subject to minimum specified above. Kind creation In case the investor wishes to create units by submitting physical gold, the investor need to instruct its bullion bank to transfer the gold bars to the Fund s custody and deposit the cash component via RTGS/NEFT to the Fund s account on the transaction date. The creation unit details (gold and portfolio deposit) will be published on daily basis at our website www. mostshares.com. On confirmation of the bank, the Fund would create equivalent units and refund the cash balance if any and credit the units in the investors DP account. Note: The gold submitted for kind creation, should be as per Acceptable Gold for Creation defined in this document or the application will be rejected. Also, the fund may reject the application in case of non-confirmation by the custodian with regard to receipt of gold bars or cash component by the bank. Cash Creation The investor needs to transfer cash into the Fund s account through RTGS/NEFT for creation of units. The investor to contact the Fund the cash to be deposited to create units directly with the fund. On confirmation of the bank, the Fund would create equivalent units and credit the units in the investors DP account. Note: The fund may reject the application in case of non-receipt of funds. Procedure for redeeming units directly with the fund The scheme offers only redemption in kind (physical delivery of gold) directly with the fund. For delivery of physical gold on redemption, the AMC will arrange to deliver the physical gold through its sub custodians and as per terms & conditions laid by AMC. On redemption request being submitted to AMC, the investor would be informed about the date on which he needs to come personally to collect the gold at the specified centre, if he fails to come within the stipulated time the AMC would sell the gold at prevailing spot domestic gold price and remit the money to the investors bank account. The following transaction charge will have to be borne by the investor in case of opting for physical delivery of gold at the time of redemption: Per 10 gms Per 100 gms Per 1000 gms Collection within 5 days Rs. 750/- Rs The above charges shall be inclusive of transportation, Lot management, Insurance, Storage, Delivery, Administration, Signature Verification, Document Verification etc. and are to be paid by the investor to the Scheme. The same will be netted off with the portfolio deposit. The AMC reserves the right to modify the terms & conditions for physical delivery of gold at any point of time at its sole discretion. Liquidity On the Exchange an investor can sell its units of the Scheme directly to the Fund in less than creation size for a period of 1 trading week, under either of the following circumstances: 1. Where there have been no quotes on the exchange for 3 trading days consecutively 2. When the average discount, of the volume weighted traded price to the volume weighted indicative NAV over a period of 1 trading week is greater than 3 %, and 3. When the total bid size on the exchange(s) is less than 10 creation units over a period of 1 trading week. In above circumstances, an investor can sell its units of the Scheme to the Fund with an exit load of 1% of NAV of the Scheme. The notification of the same would be displayed on our website. Despatch of Repurchase (Redemption) Request The redemption or repurchase proceeds shall be dispatched to the Unitholders within 10 working days from the date of redemption or repurchase. Benchmark Index Spot Domestic Gold Price Purity of Gold: All gold bullion held in the scheme s allocated account with the custodian shall be of fineness (or purity) of (99.5%) or higher. Dividend Policy The Trustees may declare dividend subject to the availability of distributable surplus calculated in accordance with SEBI (MF) Regulations. The actual declaration of dividend and the frequency of distribution will be entirely at the discretion of the Trustees. The dividend would be paid to the Unitholders whose names appear in the Register of Unitholders as on the record date. There is no assurance or guarantee to the Unitholders as to the rate of dividend nor that the dividend would be paid regularly. If the Fund declares dividend, the NAV will stand reduced by the amount of dividend and dividend distribution tax (if applicable) paid. All the dividend payments shall be in accordance and compliance with SEBI & NSE/BSE Regulations, as applicable from time to time. Name of the Fund Manager Mr. Rajnish Rastogi Name of the Trustee Company Motilal Oswal Trustee Company Limited Performance of the scheme The Scheme is a new Scheme and does not have any performance track record. Expenses of the Scheme (i) Load Structure Entry Nil Exit Nil Exit Load for Redemption in Cash The fund will do redemption of units of the scheme for less than Creation Unit Size, in following circumstances: 1. Where there have been no quotes on the exchange for 3 trading days consecutively, creation baskets have not been traded for one working week on the exchange, 3. The discount of the exchange price to the NAV is greater than 3% for the period of one working week. In above circumstances, an investor can sell its units of the Scheme to the Fund with an exit load of 1% of NAV of the Scheme. (ii) Recurring expenses : The total recurring expenses charged to the Scheme would be 1.30% p.a. of the weekly average net assets of the Scheme. The investment management and advisory fees shall not exceed 0.75% p.a.of the weekly average net assets of the Scheme as per SEBI (Mutual Funds) Regulations, Waiver of Load for Direct Applications Not Applicable. Tax treatment for the Investors (Unitholders) Investor will be advised to refer to the details in the Statement of Additional Information and also independently refer to their tax advisors. Daily Net Asset Value (NAV) Publication The NAV of the Scheme will be declared on all business days and will be published at least in two daily newspapers. The NAV can also be viewed on its websites and and AMFI website For Investor Grievances please contact Karvy Computershare Pvt. Ltd. Karvy Plaza, H. No , Avenue 4, Street No. 1, Banjara Hills, Hyderabad , Tel No.: / 752 / 753 Id: service.motilal@karvy.com Mr. Kantish Salian Motilal Oswal Asset Management Company Limited Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (W), Mumbai : mfservice@motilaloswal.com Toll Free No.: Unitholders' Information As the units of the Scheme are in demat, the depository participant with whom the Unitholder has a depository account will send a statement of transactions in accordance with the byelaws of the depository which will contain the details of transaction of units. Allotment of units and dispatch of Allotment Advice to FIIs will be subject to RBI approval, if required. Units allotted under this Scheme are transferable subject to the provisions of the Depositories Act, SEBI (Depository and Depository Participant) Regulations, 1996 and other applicable provisions. Note: The AMC may not furnish separate accounts statement to the Unitholders since the statement of accounts furnished by depository participant will contain the details of transactions in these units and this would be deemed to be adequate compliance with the requirements of SEBI regarding dispatch of statement of accounts. Annual Financial Results shall be provided to the investors by Post / Courier or by e- mail. Half yearly scheme portfolio will either be mailed to unit holder or publish in the Newspaper as permitted under SEBI (Mutual Funds) Regulations, Annual Financial Results: The Scheme wise annual report or an abridged summary thereof shall be mailed (only ed, where address is available and registered with the AMC / Registrar / Fund) to all Unit holders not later than four months (or such other period as may be specified by SEBI from time to time) from the date of closure of the relevant accounting year (i.e. 31st March each year) and full annual report shall be available for inspection at the Head Office of the Mutual Fund and a copy shall be made available to the Unit holders on request on payment of nominal fees, if any. These results shall also be displayed on the website of the AMC ( and Association of Mutual Funds in India ( For further details, refer to the SID of the Scheme. Date: February 14, 2012

2 INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM 1 General Information a. Please fill up the Application Form legibly in English in CAPITAL LETTERS. b. Please read the Key Information Memorandum (KIM) and Scheme Information Document (SID) carefully before investing. Your application for allotment of units in the Scheme is construed to have been made with a full understanding of the terms and conditions applicable to it and the same is binding on you in respect of your investment in the Scheme. c. All Applicants are subject to detailed scrutiny and verification. Application Form incomplete in any respect or not accompanied by a Cheque /Demand Draft are liable to be rejected either at the collection centre itself or subsequently after detailed verification at the back office of the Registrars. Compliance and Prevention of Anti Money Laundering Your attention is particularly drawn to the section on Prevention of Money Laundering and Know Your Customer. All the applications with incomplete/incorrect information/not accompanied with the necessary documents, shall be treated as invalid and shall be liable to be rejected. Prevention of Money Laundering Act, the SEBI Circulars on Anti Money Laundering (AML) and the Client Identification implementation procedures prescribed by AMFI inter alia require the AMC to verify the records of identity and address(es) of investors. It is mandatory for all applicants to submit necessary documents for compliance with Anti Money Laundering (guardian in case of minor). The AMC reserves the right to reject subscription requests in the absence of appropriate compliance with the AML Laws. 2 Applicant s Personal Information a. Please furnish your name and complete postal address with the Pin Code (P.O. Box No. Not enough) and your Contact Nos. This would help us reach you faster. b. Please furnish the name of Contact Person in case of investments by Company/ Body Corporate / Trust / Society / FIIs / Association of Person / Body of Individuals. c. If you have not indicated your Tax Status in the Application Form, the same would be assumed to be others. 3 Bank Account Details a. Bank account details provided in the application will be used for refunding rejected applications where DP ID is not matching. b. Investors are requested to provide Bank Account Detail linked with their Demat Account. In case of discrepancies Bank Account Details as per depository records will prevail. 4 Payment Details a. Cheques should be crossed A/c Payee only and drawn in favour of MOSt Gold Shares. b. During the New Fund Offer, Application Form along with the Cheque/Demand Draft may be lodged with Official Collection Centres. c. If you are residing / located in a city / town where we do not have an Official Collection Centre, please draw a demand draft payable at your nearest city where we have such office. d. Payment by Cash, Stock invests, Outstation Cheques and Non-MICR Cheques will not be accepted. Post-dated cheques will not be accepted. Restriction on acceptance of Third Party Payments for subscription of units a. Where payment is made through instruments issued from an account other than that of the beneficiary investor, the same is referred to as Third-Party payment. In case of a payment from a joint bank account, the first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made. If this criterion is not fulfilled, then this is also construed to be a third party payment. b. Application with Third Party payments will not be accepted except in the following cases: (i) Payment by Parents/Grandparents/ related persons on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding Rs. 50,000/-. (ii) Payment by Employer on behalf of employee under Systematic Investment Plans through Payroll deductions. (iii) Custodian on behalf of an FII or a client. 5 NRIs/FIIs a. In case of NRI / Persons of Indian Origin, payment must be made either by cheque or demand draft by means of: (a) inward remittance through normal banking channels; or (b) out of funds held in the NRE / FCNR account, in the case of purchases on a repatriation basis or out of funds held in the NRE / FCNR / NRO account, in the case of purchases on a non-repatriation basis. (In case of Indian Rupee drafts purchased from abroad or payments from FCNR/NRE accounts, a certificate from the Bank issuing the draft confirming the debit and / or foreign inward remittance certificate (FIRC) issued by investor s banker should also be enclosed. The Mutual Fund reserves the right to hold redemption proceeds in case the requisite details are not submitted). b. Payment by the FII must be made either by inward remittance through normal banking channels or out of funds held in foreign currency account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer in terms of paragraph 2 of Schedule 2 to the FEMA Regulations. 6 Demat Account As the units of the Scheme will be issued in Demat form, applicants must ensure that the sequence of names as mentioned in the application form matches that of the CHECKLIST account held with the Depository Participant. Client ID, Names, Address and PAN details, other KYC norms mentioned in the application form will be verified against the Depository data which will be downloaded from Depository master. Only those applications where the details are matched with the depository data will be treated as valid applications. If the details mentioned in the application are incomplete/incorrect, not matched with the depository data, the application shall be treated as invalid and shall be liable to be rejected. 7 Nomination Since the units of the Scheme will be issued in demat form in the Depository Participant (DP) account of the unit holders, the nomination details provided by the unit holders to the Depository will be applicable to the units of the Scheme. 8 Declaration and Signatures a. Signature can be in English or in any other Indian Language. Thumb impressions must be attested by a Magistrate or Notary Public or a Special Executive Magistrate under his/her official seal. b. Applications by minors must be signed on their behalf by their guardians. c. If you are investing through your constituted attorney, please ensure that the PoA document is signed by you and your constituted Attorney. The signature in the Application Form, then needs to clearly indicate that the signature is on your behalf by the Constituted Attorney. 9 Transaction Charges In terms of SEBI circular, Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the distributors of mutual fund products are allowed to be paid transaction charges for purchase transactions Rs.100/- per subscription of Rs.10,000/- and above in respect of existing unitholders; Rs.150/- for subscription of Rs.10,000/- and above in respect of a first time investor in mutual funds. The transaction charge shall be deducted from the subscription amount and paid to the distributor; and the balance shall be invested in the Scheme. The transaction charges and the net investment amount and the number of units allotted will be clearly mentioned in the Account Statement issued by the Mutual Fund. There shall be no transaction charges on (i) Direct investments; (ii) subscription below Rs. 10,000/-. (Application not complying with any of the above instruction / guidelines would be rejected.) Please ensure that: Your Application Form is complete in all respects. Name, Address and Contact Details are mentioned in full & signed by all applicants. Bank Account Details are entered completely and correctly. Permanent Account Number (PAN) for all applications is mentioned irrespective of the investment amount and necessary documents are enclosed. DP ID is filled correctly in the form. The cheque/demand draft is drawn in favour of MOSt Gold Shares and crossed Account Payee Only dated and signed. Application Number and applicants name is mentioned on the reverse of the cheque / DD. Documents as listed below are submitted along with the Application Form (as applicable to your specific case). Documents HUF Companies Trusts Societies Partnership NRIs/PIOs FIIs* Investments Firms through Constituted Attorney PAN *For FIIs, copy of the SEBI registration certificate should be provided. Resolution/Authorisation to invest List of Authorised Signatories with Specimen Signature(s) Memorandum & Articles of Association Trust Deed Bye-laws Partnership Deed Notarised Power of Attorney Account Debit/Foreign inward Remittance Certificate from remitting Bank HUF Deed All documents above should be originals / true copies certified by the Director/Trustee/Company Secretary/Authorised Signatory/Notary Public. KARVY COMPUTERSHARE PRIVATE LIMITED (Official Collection Centres) Agartala Jagannath Bari Road, Bidur Kottar Choumani, Agartala Agra Deepak Wasan Plaza, Behind Holiday Inn, Opp Megdoot Furnitures, Sanjay Place, Agra Ahmedabad 201,Shail Building, Opp: Madhusudhan House Nr. Navrangpura Telephone Exchange, Navrangpura Ahmedabad Ajmer 1-2, II Floor Ajmer Tower, Kutchary Road Ajmer Akola Shop No-30, Ground Floor, Yamuna Tarang Complex, N.H. No.-06, Murtizapur Road, Akola Aligarh 1St Floor, Kumar Plaza, Aligarh Allahabad RSA Towers, 2nd Floor, Above Sony TV Showroom, 57, S P Marg, Civil Lines, Allahabad Alleppy 2nd Floor, JP Towers Near West of zilla Court Bridge, Mullakkal Alleppy Alwar 101, 1st Floor, Saurabh Towers, Opp. UTI, Road No # 2, Bhagat Singh Circle Alwar Amaravathi Shop No. 13 & 27, First Floor, Gulshan Plaza, Raj Peth, Badnera Road Amaravathi Ambala 6349, Nicholson Road, Adjacent Kos Hospital, Ambala Cantt, Ambala Amritsar 72-A, Taylor S Road Aga Heritage Gandhi Ground Amritsar Anand F-6, Chitrangana Complex Opp: Motikaka Chawl ; V V Nagar Anand Ananthapur # , 1st Floor, S.R.Towers, Opp: Lalithakala Parishat; Subash Road Anantapur Angul Durga Shankar Road, Main Road, Infront of AXIS bank Angul Ankleshwar Shop No. Ff 4 & 5, Shree Narmada Arcade, Old N H No. 8, Opp. HDFC Bank, Ankleshwar Asansol Hotel Ashok, 2nd Floor, 18, G T Road, Asansol Aurangabad Shop No : 214/215 Tapadiya City Centre, Nirala Bazar Aurangabad Azamgarh 1st Floor Alkal Building, Opp. Nagaripalika Civil Line, Azamgarh Balasore M S Das Street, Gopalgaon, Balasore Bangalore No : 51/25, 1 St Floor, Surya Building Ratna Avenue, Richmond Road Bangalore Bankura Ambika Market, Natunganj, Bankura Bareilly 1st Floor, 165, Civil Lines, Opp. Hotel Bareilly Palace, Near Rly Station Road, Bareilly Barhampore (WB) Thakur Market Complex, 72, Naya Sarak Road,Gorabazar, Barhampore Baroda SB-4&5, Mangaldeep Complex, Opposite Mesonic Hall. Productivity Road, Alkapuri, Vadodara Begusarai Hotel Diamond, Surbhi Complex, Near I.O.C Township Gate, Kapasiya Chowk, Begusarai Belgaum CTS No 3939/ A2 A1, Above Raymonds Show Room, Beside Harsha Appliances, Club Road, Belgaum Bellary No.1 Khb Colony, Gandhinagar, Bellary Berhampur (OR) Ramlingam Tank Road, - Berhampur Betul 107, Hotel Utkarsh, Awasthi Complex, J H College Road, Civil Lines Betul Bhagalpur 2nd Floor, Chandralok Complex, Ghantaghar, Radha Rani Sinha Road, Bhagalpur Bharuch , Aditya Complex Near Kasak Circle Bharuch Bhatinda 2048, Ist Floor, Opp: Canara Bank, The Mall Road, Bhatinda Bhavnagar Surabhi Mall 301, 3rd Floor, Waghawadi Road, Bhavnagar Bhilai Shop No-1, First Floor, Plot No-1, Old Sada Office Block Commercial Complex, Near HDFC Atm, Nehru Nagar- East Bhilai Bhilwara 27-28, 1St Floor, Hira-Panna Complex Pur Road, Bhilwara Bhopal Kay Kay Busniss Centre 133 Zone I M P Nagar Bhopal Bhubaneswar Plot No- 104/105(P), Jaydev Vihar Besides Hotel Pal Heights Bhubaneswar Bikaner 2Nd Floor, Plot No 70 & 71 Panchshati Circle, Sardul Gunj Scheme Bikaner Bilaspur Shop No 201/202, V.R.Plaza, Link Road Bilaspur Bokaro B-1, 1St Floor, Near Sona Chandi Jewellers, City Centre, Sector - 4, Bokaro Burdwan 63 G T Road, Birhata, Halder Complex, 1St Floor, Burdwan Calicut Sowbhagya Shoping Complex, Areyadathupalam, Mavoor Road Calicut Chandigarh Sco ; First Floor; Above Hdfc Bank; Sector 35B Chandigarh Chandrapur Shop No.5, Office No.2, 1St Floor, Routs Raghuvanshi Complex, Beside Azad Garden, Main Road Chandrapur Chennai Flat No F11,Ist Floor, Akshya Plaza, Opp Chief City Metropolitan Court, # 108, Adhithanar Salai,Egmore, Chennai Chinsura JC Ghosh Sarani Near Bus Stand Chinsura Cochin Building Nos.39 Ali Arcade,1st floor, Near Atlantis Junction, Kizhvana Road, Panampili Nagar, Cochin Coimbatore 29/1, 2 ND Floor,Chinthamani Nagar, Opp To Indian Overseas Bank Nsr Road,Saibaba Colony Coimbatore Coonoor 76 Cammellia Terrace, Grays Hills, Coonoor Cuttack Dargha Bazar, Opp. Dargha Bazar Police Station, Buxibazar, Cuttack Darbhanga Jaya Complex, 2nd Floor, Above furniture planet, Donar chowk Darbanga Davangere # 15/9, Sobagu Complex, 1St Floor, 2Nd Main Road, P J Extension, Davangere : Dehradun Kaulagarh Road, Near Sirmaur Marg Above Reliance Webworld Dehradun Deoria 1St Floor, Shanti Niketan Opp. Zila Panchayat, Civil Lines Deoria Dewas 27 Rmo House, Station Road Dewas Dhanbad 208, New Market, 2Nd Floor, Katras Road, Bank More, Dhanbad Dharwad G7 & 8, Sri Banashankari Avenue Ramnagar, Opp Nttfpb Road Dharward Dhule Ashoka Estate, Shop No. 14/A, Upper Ground Floor Sakri Road, Opp. Santoshi Mata Mandir Dhule Dindigul No.9, Old No.4/B, New Agraharam, Palani Road, Dindigul Durgapur MWAV-16 Bengal Ambuja 2ndFloor, City Centre Durgapur Eluru D.NO:23B-5-93/1,Savithri Complex,Edaravari Street Near Dr.Prabhavathi Hospital,R.R.Pet Eluru Erode No. 4,KMY Salai, Veerappan Traders Complex, Opp : Erode Bus Stand, Sathy Road, Erode Faridabad A-2B, 1st Floor, Nehru Ground, Neelam Bata Road, Nit, Faridabad Ferozpur 2nd Floor, Malwal Road, Opp. H.M. School Ferozpur Gandhidham 104, Dhiraj Chambers, B/H Gandhidham Nagar Palika Opp. Hotel Venus, Sector-9 Gandhidham Gandhinagar 27, Suman Tower, Near Hotel Haveli Sector No.11, Gandhinagar Gandhinagar Gaya 1St Floor Lal Bhawan, Tower Chowk, Near Kiran Cinema, Gaya Ghaziabad 1st Floor, C-7, Lohia Nagar, Ghaziabad Ghazipur Shubhra Hotel Complex 2nd Floor, Mahaubagh Ghazipur Gonda Shree Markit, Sahabgunj,Near Nuramal Mandir, Station Road Gonda Gonda Gondia Shop No. : 9, Raj Laxmi Complex Rail Toly, Gondia Gorakhpur Above V.I.P. House Ajdacent A.D. Girls Inter College, Bank Road, Gorakpur Gulbarga CTS No. 2913, First Floor,Asian Tower Next To Hotel Aditya,Jagat Station Main Road Gulbarga : Guntur Door No : , Sai House, 10 / 1, Arundelpet, Guntur Gurgaon Shop No. 18, Ground Floor,Sector - 14, Opp. AKD Tower, Near Huda Office, Gurgaon Guwahati 54 Sagarika Bhawan R G Baruah Road,(AIDC Bus Stop) Guwahati Gwalior Shindi Ki Chawani, Nadi Gate Pul, MLB Road, Gwalior Hajipur Ramraja Complex, Kacheri Road Near Canara Bank Hajipur Haldwani Above Kapilaz Sweet House Opp LIC Building,Pilikothi Haldwani Haridwar 8, Govind Puri, Opp. LIC - 2, Above Vijay Bank, Main Road, Ranipur More Haridwar Hassan St.Anthony s Complex Ground Floor; H N Pura Road Hassan Hazaribagh C/O Hemlata Jain Kalibari Road Hazaribagh Hissar Sco 71, 1st Floor, Red Square Market, Hissar Hoshiarpur Ist Floor, The Mall Tower, Opp Kapila Hospital, Sutheri Road, Near Maharaj Palace, Hoshiarpur Hubli 22 & 23, 3rd Floor Eurecka Junction, T B Road Hubli Hyderabad Karvy Plaza, Avenue 4, Street No.1,Banjara Hills, Hyderabad Indore G - 7, Royal Ratan Building M.G Road, Opp. Kotak Mahindra Bank. Indore Jabalpur 43, Naya Bazar, opposite shyam talkies Jabalpur Jaipur S-16 A, 3Rd Floor, Land Mark, Opposite Jaipur Club, Mahavir Marg, C- Scheme Jaipur Jalandhar Lower Ground Floor, Office No : 3 Arora Prime Tower, Plot No : 28, G T Road Jalandhar Jalgaon 148 Navi Peth, Opp. Vijaya Bank Near. Bharat Dudhalay, Jalgaon Jalgaon Jalpaiguri D.B.C. Raod, Near Rupasree Cinema Hall Beside Kalamandir, Po & Dist Jalapiguri Jalpaiguri Jammu 29 D/C, Near Service Selection Commission Office, Gandhi Nagar, Jammu Jamnagar 108 Madhav Plaza Opp SBI Bank, Near Lal Bangalow Jamnagar Jamshedpur Kanchan Tower, 3Rd Floor, Chhaganlal Sons 3-S B Shop Area, ( Near Traffic Signal ), Main Road, Bistupur, Jamshedpur Jaunpur 119,R N Complex, 2nd Floor, Near Jay Ceej Crossing, Ummarpur Jaunpur Jhansi 371/01, Narayan Plaza, Gwalior Road, Near Jeevan Shah Chauraha, Jhansi Jodhpur 203, Modi Arcade, Chupasni Road Jodhpur Jorhat New Medical Store Complex, 3Rd Floor, A T Road, Opp. Chowk Bazar, Jorhat Junagadh 124/125, Punit Shopping Center, Ranavat Chowk, Junagadh Gujarat Kanchipuram New No. 357, Old No. 230 Gandhi Road, Next To IDBI Bank Kanchipuram Kannur 2nd Floor, Prabhat Complex Fort Road Kannur Kanpur 15/46,Ground Floor, Opp: Muir Mills, Civil Lines, Kanpur Karaikudi Gopi Arcade 100 Feet Road, Karaikudi Karimnagar H.No /131, Above Union Bank Jafri Road, Rajeev Chowk Karimnagar Karnal Sco 26, Kunjpura Road Nehru Place Karnal Karur No.6, Old No.1304 Thiru-Vi-Ka Road, Near G.R.Kalyan Mahal Karur Keonjhar 2nd Floor,Maruti Arcade Thanna Square Keonjhar Kharagpur Malancha Road Beside Uti Bank Kharagpur Kolhapur 605/1/4 E Ward, Near Sultane Chambers, Shahupuri 2nd Lane Kolhapur Kolkata 166A, Rashbehari Avenue, 2nd Floor Near Adi Dhakerhwari Bastralaya, Opp Fortis Hospital Kolkata Kollam Ground floor,vigneshwara Bhavan Below Reliance Web World, Kadapakkada Kollam Korba 1St Floor, 35 Indira Complex, T P nagar, Korba Kota H.No. 29, First Floor, Near Lala Lajpat Rai Circle, Shopping Centre, Kota Kottayam 1St Floor, Csi Ascension Church Complex, Kottayam Krishnagar 52, R N Tagore Road, Ist Floor High Street Krishnagar Kurnool Shop No.43, 1St Floor S V Complex, Railway Station Road Kurnool Lucknow Usha Sadan, 24, Prem Nagar, Ashok Marg, Lucknow Ludhiana SCO - 136, First Floor Above Airtel Show Room, Feroze Gandhi Market Ludhiana Madurai Rakesh Towers, 30-C, Bye Pass Road Ist Floor, Opp Nagappa Motors, Madurai Malappuram First Floor Cholakkal Building, Near A U P School, Up Hill Malappuram Malda Sahistuli Under Ward, No-6 English Bazar Municipality, No-1 Govt Colony, Malda Mangalore Ground Floor, Mahendra Arcade Kodial Bail Mangalore Mandi House No.149/11, School Bazar, Mandi Margoa 2Nd Floor, Dalal Commercial Complex, Opp: Hari Mandir, Pajifond, Margao Mathura ; Infront of BSA College, Gaushala Road, Mathura Meerut 1St Floor, Medi Centre Complex, Opp. Icici Bank, Hapur Road Meerut Mehsana Ul -47, Apolo Enclave; Opp Simandhar Temple Modhera Char Rasta; Highway Mehsana Mirzapur Girja Sadan, Dankin Gunj, Mirzapur Moga Near Dharamshala Brat Ghar, Civil Line; Dutt Road Moga Moradabad Om Arcade, Parker Road, Above Syndicate Bank, Tari Khana Chowk, Moradabad Morena Moti Palace, Near Ramjanki Mandir Jiwaji Ganj Morena Mumbai DAS Chambers, Ground Floor, Opp. BSE Next to Corporation Bank, Dalal Street, Fort, Mumbai Muzaffarpur 1St Floor, Uma Market, Near Thana Gumti, Motijheel, Muzaffarpur Mysore L - 350, Silver Tower, Clock Tower, Ashoka Road Mysore Nadiad 105 Gf City Point, Near Paras Cinema Nadiad Nagarkoil 3A, South Car street Parfan Complex, Nr The Laxmi Villas Bank. Nagarcoil Nagpur Plot No.2/1, House No. 102/1, Mangaldeep Apartment Mata Mandir Road, Opp. Khandelwal Jewellers, Dharampeth, Nagpur Namakkal 105/2, Arun Towers, Paramathi Street Namakkal Nanded Shop No. 4, First Floor, Opp.Bank Of India Santkrupa Market, Gurudwara Road Nanded Nasik S-12, Second Floor, Suyojit Sankul, Sharanpur Road Nasik Navsari 1St Floor, Chinmay Arcade Opp. Sattapir, Tower Road, Navsari Nellore 207, II Floor, Kaizen Heights 16/2/230, Sunday Market, Pogathota, Nellore New Delhi 305, 3rd Floor, New Delhi House, Bara Khamba Road, Connaught Place New Delhi Nizamabad H No , 1St Floor Uppala Rameshwara Complex, Jawahar Road Nizambad Noida 307 Jaipuria Plaza;D 68 A, 2nd Floor Opp Delhi Public School, Sector 26 Noida Palghat 12/310, (No.20 & 21), Metro Complex, Head Post Office Road, Sultanpet, Palghat Panipat 1St Floor, Krishna Tower, Near HDFC Bank, Opp. Railway Road, G T Road, Panipat Panjim City Business Centre,Coelho Pereira Building, Room Nos.18,19 & 20, Dada Vaidya Road Panjim Pathankot I Floor, 9A, Improvement Trust Building Near HDFC Bank, Patel Chowk Pathankot Patiala Sco 27 D, Chhoti Baradari, Patiala Patna 3A, 3rd floor,anand tower Beside chankya cinema hall; Exhibition road Patna Pollachi S S Complex, New Scheme Road Pollachi Pondicherry First Floor No.7, Thiayagaraja Street Pondicherry Proddatur Beside SBI ATM, Near Syndicate bank Araveti Complex, Mydukur Road, Kadapa Dist Proddatur Pudukottai Sundaram Masilamani Towers, Ts No , PM Road, Old Tirumayam Salai, Near Anna Statue, Jublie Arts, Pune Shop No. 16, 17 & 18, Ground Floor, Sreenath Plaza, Dyaneshwar Paduka Chowk, F C Road, Pune Puri Ground Floor, Vip Road, Near Pkda Office, P.S.Puri, Puri Raipur Room No. TF 31, 3rd Floor, Millennium Plaza Behind Indian Coffee House, G E Road, Raipur Rajahmundry Dr.No; 6-1-4, first floor Rangachary street, T-nagar Rajahmundry Rajapalayam Professional Couriers Building, 40/C (1), Hospital Road, Rajapalayam Rajkot 104, Siddhi Vinayak Complex Dr Yagnik Road, Opp Ramkrishna Ashram Rajkot Ranchi Commerce Towers, 3Rd Floor, Room No. 307, Beside Mahabir Towers, Main Road Ranchi Ratlam 1 Nagpal Bhavan, Freeganj Road, Tobatti Ratlam Renukoot Shop No. 18 Near Complex Birla Market, Renukoot Rewa Ist Floor, Angoori Building, Besides Allahabad Bank Trans University Road, Civil Lines Rewa Rohtak 1St Floor, Ashoka Plaza, Delhi Road, Rohtak Roorkee Shree Ashadeep Complex, 16 Civil Lines Near Income Tax Office Roorkee Rourkela 1St Floor, Sandhu Complex, Kanchery Road, Udit Nagar, Rourkela Sagar Above Poshak garments, 5 Civil Lines Opposite Income Tax Office Sagar Saharanpur 18 Mission Market, Court Road, Saharanpur Salem Door No: 40, Brindavan Road, 2nd Floor Near Perumal Koil, Fairlands Salem Sambalpur Ground floor, quality Massion, Infront of Kolkata Bazar Sambalpur Satna 1St Floor, Gopal Complex, Near Busstand Rewa Road Satna Shaktinagar 1st/A-375, V V Colony Dist. Sonebhadra Shaktinagar Shillong Mani Bhawan, Thana Road, Lower Police Bazar Shillong Shimla Triveni Building By Pas Chowk; Khallini Shimla Shimoga Uday Ravi Complex, LLR Road Durgi Gudi Shimoga Shivpuri 1ST Floor, M.P.R.P. Building, Near Bank of India, Shivpuri Sikar 1St Floor, Super Towers Behind Ram Mandir, Station Road Sikar Silchar 1St Floor, Chowchakra Complex, N N Dutta Road, Premtala Silchar Siliguri Nanak Complex, Near Church Road, Sevoke Road, Siliguri Sitapur 12/12-A Surya Complex Arya Nagar, Opp. Mal Godam, Sitapur Sivakasi 363, Thiruthangal Road, Opp: Tneb Sivakasi Solan Sahni Bhawan Adjacent Anand Cinema Complex, The Mall Solan Solapur Siddeshwar Secrurities, No 6, Vaman Road, Vijaypur Road, Vaman Nagar Solapur Sonepat 205 R Model Town Above Central Bank Of India Sonepat Sri Ganganagar 35-E-Block, Opp. Sheetla Mata Vatika, Sri Ganganagar Srikakulam /1. Venkateshwara Colony Day & Night Junction, Srikakulam Sultanpur Rama Shankar Complex Civil Lines, Faizabad Road Sultanpur Surat G-6 Empire State Building, Near Parag House,Udhna Darwaja, Ring Road Surat Tezpur 1St Floor Mayur Bhawan, Binraj Road, Tezpur Thanjavur Nalliah Complex, No.70, Srinivasam Pillai Road Thanjavur Theni Siva Tower,265, Subban Chetty Street,Cumbum Road, Theni Thodupuzha First Floor, Pulimoottil Pioneer Pala Road Thodupuzha Tirunelveli Jeney Building, 55/18, S N Road Near Arvind Eye Hospital Tirunelveli Tirupathi Plot No.16 (south part),first Floor R C Road Tirupati Tirupur Ist Floor, 224 A, Selvakumar Departmental Stores, Kamaraj Road, Opp Cotton Market Complex, Tirupur Tiruvalla 2nd Floor, Erinjery Complex, Near Kotak Securites, Ramanchira Tiruvalla Trichur 2 Nd Floor, Brother S Complex, Near Dhana Laxmi Bank Head Office, Naikkanal Junction Trichur Trichy Sri krishna Arcade 1St Floor; 60 Thennur High Road Trichy Trivandrum 2Nd Floor, Akshaya Towers, Above Jetairways, Sasthamangalam Trivandrum Tuticorin 4 B, A34, A37, Mangalmal, Mani Nagar, Opp: Rajaji Park, Palayamkottai Road Tuticorin Udaipur , Madhav Chambers, Opp. G.P.O, Chetak Circle, Madhuban, Udaipur Ujjain 101, Aastha Tower, 13/1, Dhanwantri Marg, Free Gunj Ujjain Valsad Shop No 2, Phiroza Corner Opp Next Showroom; Tithal Road Valsad Vapi Shop No 5, Phikhaji Residency Opp Dcb Bank, Vapi Silvassa Road Vapi Varanasi D-64/132,KA 1st Floor, Anant Complex, Sigra, Varanasi Vellore No.1, M.N.R. Arcade, Officer S Line, Krishna Nagar, Vellore Vijayawada , Opp : Municipal Water Tank, Labbipet Vijayawada Visakhapatnam /1 Eswar Paradise Dwaraka Nagar; Main Road Visakhapatnam Vijayanagaram Soubhagya, /1, ll nd Floor, Near Sbi Fort Branch Vizianagaram Warangal , 1 st floor, opp: B.Ed collage, Lashkar Bazar, Chandra Complex, Hanmakonda, Warangal Yamuna nagar Jagdhari Road, Above Uco Bank, Near D.A.V. Girls College Yamuna Nagar

3 Distributor Code / ARN ARN Sub-Distributor Code / ARN APPLICATION FORM FOR (An open ended Exchange Traded Fund) NEW FUND OFFER OPENS ON - MARCH 02, 2012 TO MARCH 16, 2012 Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investors assessment of various factors including service rendered by the distributor. TRANSACTION CHARGES (Please any one of the below) I am a first time investor in mutual funds (Rs. 150 will be deducted as transaction charges for transaction of Rs. 10,000 and more) OR (Refer Instruction No. 9) I am an existing investor in mutual funds (Rs. 100 will be deducted as transaction charges for transaction of Rs. 10,000 and more) 1. FIRST APPLICANT S DETAILS The name of the applicant should match with PAN card, Bank Account & Demat Account (if any). Please refer to instruction No. 2 Existing Folio Number Name of the Sole / 1st Applicant / Corporate Investor Existing Investors : Jump to section 5 and then section 8.(New Investors : Please fill in all sections) Name of the Guardian (in case of minor) / Power of Attorney Holder / Contact Person (in case of Corporate Investor) Tel Office Tel Home Fax Date of Birth D D M M Y Y (Mandatory only in case of minor) Mobile No. ID Status of the 1st Applicant Resident Individual Proprietor NRI-NRE NRI-NRO Bank HUF PIO FII Company Govt. Entity On Behalf of Minor Partnership Firm Society Others (Specify) Trust 2. JOINT APPLICANTS' DETAILS Name of Second Applicant Name of Third Applicant MODE OF OPERATION Anyone or Survivor Joint (Default Option is Anyone or Survivor) 3. DEMAT ACCOUNT DETAILS (Mandatory, Please fill in all details, else the application is liable to be rejected). Nomination provided in Demat Account shall be considered. (Refer Instruction No. 6) NSDL OR CDSL Depository Participant Name Depository Participant (DP) ID (NSDL only) Beneficiary Account Number (NSDL only) Depository Participant (DP) ID (CDSL only) 4. CORRESPONDENCE ADDRESS (P.O.Box Address may not be sufficient.) City State Pin code / Zip Overseas Address for NRIs (Please fill in Capital Letters. P.O. Box address may not suffice.) **Please mention PAN no. as it is Mandatory MOTILAL OSWAL MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled in by the investor.) Received, subject to realisation, verification and conditions, an application for purchase of Units as mentioned in the application form. From Instrument No. Dated Amount (Rs.) Scheme Stamp & Signature