Motilal Oswal Mutual Fund Files for ETF Based on the S&P 500

Mumbai, Maharashtra India (PressExposure) March 01, 2011 -- The S&P 500 includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities.

The S&P 500 is widely regarded as the best single gauge of the large cap U.S. equities market since the index was first published in 1957. The index has over US$ 4.83 trillion benchmarked, with index assets comprising approximately US$ 1.1 trillion of this total.

Speaking on the filing, Mr. Nitin Rakesh, MD & CEO of Motilal Oswal AMC said, "In our continuing endeavour to bring to the Indian investors innovative products, we are happy to announce the filing of Motilal Oswal MOSt Shares S&P 500 ETF for approval. This ETF will provide a cost-efficient, Rupee denominated, diversified exposure to the US stock market with access to household names like United Technologies, Tupperware, Boeing, Coca Cola, Ford, McDonalds, Xerox and Walt Disney."

"The S&P 500 is the world's most followed stock market index with more assets directly linked to it than any other index," says Alexander Matturri, Executive Managing Director at S&P Indices. "We are proud to license our flagship index to Motilal and welcome them to our family of ETF licensees."

For more information please contact:

Alpesh Nakrani / Anirudh Rajan
Paradigm Shift Public Relations
Mob: +91 9869121167/+91 9892343828
Tel: +91 22 22813797 / 98

Mr. Hari Krishnan
Motilal Oswal AMC
Mob: +91 9820520392
Ph: +91 22 39825500

About Motilal Oswal Asset Management Company Ltd.

Motilal Oswal Asset Management Company is registered with SEBI as the Investment Manager to Motilal Oswal Mutual Fund It was incorporated on November 14, 2008. MOAMC is a 100% subsidiary of Motilal Oswal Securities Limited.

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Press Release Submitted On: February 28, 2011 at 10:51 pm
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