Sunday, July 3, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Mutual Funds

Motilal Oswal Mutual Fund splits NASDAQ 100 ETF in 1:10 ratio

MtR by MtR
June 17, 2021
in Mutual Funds
0


MUMBAI: Motilal Oswal Asset Management Company Limited has announced a split in the face value of each unit of Motilal Oswal NASDAQ 100 ETF in a 1: 10 ratio. Consequently, the balance unit holding of existing unit holders under the Scheme as per records of the depositories as on 18 June, 2021, will increase proportionately. However, this will not have any impact on the current value of holdings of the unit holders of the scheme.

“At Motilal Oswal AMC, it is our constant endeavor to offer easy access to innovative products at low cost. The split will result in Motilal Oswal NASDAQ 100 ETF trading at 1/10th price from the open on 17 June 2021. This would encourage small investors to take exposure to international equities.” said Navin Agarwal, MD & CEO of Motilal Oswal Asset Management Company Ltd.

“We think the split will encourage more retail participation in this ETF which may also help increase liquidity on the stock exchange. Post-split, investors can invest in this ETF with as low as ₹100/,” said Pratik Oswal, Head of Passive Funds, Motilal Oswal Asset Management Company Ltd.

The NAV of the Motilal Oswal NASDAQ ETF on 16 June was Rs1,005. Hence a 1:10 split is likely to bring down the NAV to levels of around ₹100.

“We take this opportunity to thank all our investors for believing in us. The asset under management of Motilal Oswal NASDAQ 100 ETF crossed ₹4,000 crores as of 16th June 2021, another important milestone,” Oswal added.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

Related articles

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

July 3, 2022

How market volatility is an opportunity in waiting for the long run

July 3, 2022

Related Posts

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

by MtR
July 3, 2022
0

Edelweiss Mutual Fund, a leading fund house, is cautiously optimistic about Indian equity markets in the next 3-4 months and...

How market volatility is an opportunity in waiting for the long run

by MtR
July 3, 2022
0

By Jinesh Gopani There is a popular adage in the world of investments that goes “The market is designed to...

Are contra funds really sticking to contrarian theme?

by MtR
July 3, 2022
0

Equity markets have faced near-term volatility triggered by geopolitical risks, higher oil prices and the start of interest rate hikes...

2 multi cap mutual funds given up to 31% SIP returns in 3 years

by MtR
July 2, 2022
0

The domestic market has experienced significant volatility this year, with a YTD decline of more than 10%. It is best...

What’s new in our Star Track MF Ratings

by MtR
July 2, 2022
0

The BL Portfolio Star Track Mutual Fund Ratings is a proprietary offering from BusinessLine’s in-house Research Bureau and is widely...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Pine Nuts: Flunking Personal Finance Class

July 3, 2022

F1 fans praise ‘life saving’ halo after Zhou Guanyu survives horror crash at British Grand Prix

July 3, 2022

3 Disastrous Outcomes of Relying On Social Security Alone to Fund Your Retirement

July 3, 2022

Agent Spotlight: Shelly Ramos – The Grand Junction Daily Sentinel

July 3, 2022

Recent News

Pine Nuts: Flunking Personal Finance Class

July 3, 2022

F1 fans praise ‘life saving’ halo after Zhou Guanyu survives horror crash at British Grand Prix

July 3, 2022

3 Disastrous Outcomes of Relying On Social Security Alone to Fund Your Retirement

July 3, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter