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SCHEME INFORMATION DOCUMENT
Name of Mutual Fund Motilal Oswal Mutual Fund (MOMF)
Name of Asset Management Company Motilal Oswal Asset Management Company Limited (MOAMC)
Address of AMC Registered Office:
10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp.
Parel ST Depot, Prabhadevi, Mumbai-400025
Website of AMC www.motilaloswalmf.com
Name of Trustee Company Motilal Oswal Trustee Company Limited (MOTC)
Address of Trustee Company Registered Office:
10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp.
Parel ST Depot, Prabhadevi, Mumbai-400025
Name of the Scheme Motilal Oswal Nifty 100 ETF
Category of Scheme Exchange Traded Fund (Other ETFs)
*Equity/ Debt/ Hybrid ETF/Gold or
Silver ETF/FoFs (single domestic or
overseas index). *In case of Hybrid
funds, indicate the sub category
(Balanced/ Equity oriented/ debt
oriented)
Scheme Code: (shall be added later on)
Scrip Code (Scrip Code for NSE will be added after listing of the units)
NFO open date: xxxx
NFO close date: xxxx
Offer of Units of Rs. 10 each, issued at a premium approximately equal to the difference between face
value and Allotment Price during the New Fund Offer and at NAV based prices on an ongoing basis.
Investment objective - Scheme Risk-o-meter Benchmark Risk-o-meter
(as applicable)
The investment objective of the scheme is to
provide returns that, before expenses,
correspond to the total returns of the securities
as represented by Nifty 100 Index, subject to
tracking error.
However, there can be no assurance or
guarantee that the investment objectives of
the scheme will be achieved.
Draft SID of Motilal Oswal Nifty 100 ETF
1Investors are advised to refer to the Statement of Additional Information (SAI) for details of the Motilal
Oswal Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal issues and other general
information on www.motilaloswalmf.com.
The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board
of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended
till date and circulars issued thereunder filed with SEBI. The units being offered for public subscription
have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the
Scheme Information Document.
The Scheme Information Document sets forth concisely the information about the scheme that a
prospective investor ought to know before investing. Before investing, investors should also ascertain
about any further changes to this Scheme Information Document after the date of this Document from
the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.
This Scheme Information Document is dated September 16, 2025.
Stock Exchange Disclaimer Clause:
As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange
of India Limited (hereinafter referred to as NSE). NSE has given vide its letter NSE/LIST/5850 dated June
23, 2025 permission to the Mutual Fund to use the Exchange's name in this Scheme Information Document
as one of the stock exchanges on which the Mutual Fund's units are proposed to be listed subject to, the
Mutual Fund fulfilling various criteria for listing. The Exchange has scrutinized this Scheme Information
Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to
the Mutual Fund. It is to be distinctly understood that the aforesaid 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 in any manner warrant, certify or endorse the correctness or completeness of any of
the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's units will
be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial
or other soundness of the Mutual Fund, its sponsors, its management or any scheme of the Mutual Fund.
Every person who desires to apply for or otherwise acquire any units of the Mutual Fund may do so
pursuant to independent inquiry, investigation and analysis and shall not have any claim against the
Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in
connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated
herein or any other reason whatsoever."
MOMF has obtain all other necessary statutory approvals of the concerned regulatory authorities for the
offer.
The Exchange is also pleased to grant it’s in principle approval of the MOMF listing application seeking
permission for the units of Motilal Oswal Nifty 100 ETF to be dealt in on the Exchange subject to MOMF
completing post-offer requirements and complying with the necessary statutory, legal & listing formalities.
The validity of the letter is coterminous with the validity of SEBI approval.
Draft SID of Motilal Oswal Nifty 100 ETF
2HIGHLIGHTS/SUMMARY OF THE SCHEME
Sr. No. Title Description
I. Benchmark (TRI) The performance of the Scheme will be benchmarked to Nifty 100
Total Return Index.
As the Scheme is an Exchange Traded Fund (ETF) Scheme and
would primarily invest in securities which are constituents of Nifty
100 Index, the said index is an appropriate benchmark for the
Scheme.
Total Return variant of the index (TRI) will be used for performance
comparison.
II. Plans and Options The Scheme does not offer any Plans/Options for investment
Plans/Options and sub
options under the Scheme
III. Load Structure Exit Load is an amount which is paid by the investor to redeem the
units from the Scheme. For the current applicable structure, please
refer to the website of the AMC www.motilaloswalmf.com or may
call at toll free no. 91 8108622222 and +91 2240548002 or your
distributor.
Exit Load: Not Applicable
There is no entry/exit load on units of the Scheme bought or sold
through the secondary market on the Stock Exchange. However, an
investor would be paying cost in the form of a bid and ask spread and
brokerage, as charged by his broker for buying/selling units of the
Scheme.
The AMC shall ensure the repurchase price will not be lower than
95% of the Applicable NAV.
Please Note that the investor is requested to check the prevailing load
structure of the Scheme before investing.
IV. Minimum Application During NFO: Rs. 500/- and in multiples of Re. 1/- thereafter.
Amount/switch in
OR
Alternative to launch of NFO for ETFs
The AMC may contribute the initial fund for unit creation.
Subsequently, the AMC can transfer the units of ETF to Market
Makers or other investors, subject to compliance with all applicable
provisions for launch of ETF vide clause 6.12.2.4 of SEBI Master
Draft SID of Motilal Oswal Nifty 100 ETF
3Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June
27, 2024.
Ongoing Basis:
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:
For Eligible investors*: Direct transaction with AMC pertaining to
subscription / redemption by any investor other than Authorized
Participants / Market Makers shall be in multiple of unit creation size
and the execution value of such transaction should be more than Rs.
25 Crs.
*the provisions relating to Eligible investors will not be applicable
for the below mentioned investors till August 31, 2025 –
a. Schemes managed by Employee Provident Fund Organisation,
India
b. Recognized Provident Funds, approved gratuity funds and
approved superannuation funds under Income tax act, 1961.
For Market makers: The number of units of the Scheme that
Market Makers/authorized participant can subscribe is 80,000 units
and in multiples thereafter.
Switches – Not applicable
V. Minimum Additional Ongoing Basis:
Purchase Amount 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:
For Eligible investors*: Direct transaction with AMC pertaining to
subscription / redemption by any investor other than Authorized
Participants / Market Makers shall be in multiple of unit creation size
and the execution value of such transaction should be more than Rs.
25 Crs.
*the provisions relating to Eligible investors will not be applicable
for the below mentioned investors till August 31, 2025 –
a. Schemes managed by Employee Provident Fund Organisation,
India
b. Recognized Provident Funds, approved gratuity funds and
approved superannuation funds under Income tax act, 1961.
For Market makers: The number of units of the Scheme that
Market Makers/authorized participant can subscribe is 80,000 units
Draft SID of Motilal Oswal Nifty 100 ETF
4and in multiples thereafter.
VI. Minimum Redemption/ On the Exchange: As the Scheme is listed on the exchange, the
switch out amount investor can sell units on an ongoing basis on the NSE at the traded
prices. The units are redeemed in round lots of 1 unit.
Directly with the Mutual Fund:
For Market makers:
All direct redemption transaction by Market Makers / Authorised
Participants and eligible investors shall be at intra-day NAV based
on the actual execution price of the underlying portfolio. The number
of units of the Scheme that authorized participant can redeem is
80,000 units and in multiples thereafter.
For Eligible investors*:
Direct transaction with AMC pertaining to subscription / redemption
by any investor other than Authorized Participants / Market Makers
shall be in multiple of unit creation size and the execution value of
such transaction should be more than Rs. 25 Crs.
*the provisions relating to Eligible investors will not be applicable
for the below mentioned investors till August 31, 2025 –
a. Schemes managed by Employee Provident Fund Organization,
India.
b. Recognized Provident Funds, approved gratuity funds and
approved superannuation funds under Income tax act, 1961.
All direct transaction by Market Makers and eligible investors shall
be at intra-day NAV based on the actual execution price of the
underlying portfolio. The following provision of relevant circulars
shall not be applicable:
The requirement of “cut-off” timing for NAV applicability as
prescribed by SEBI from time to time shall not be applicable for
direct transaction with AMCs in ETFs by Market Makers and other
eligible investors.
Liquidity window for Investors of ETFs with AMCs:
In case of redemption of units of the Scheme upto INR 25 Crores,
directly with AMC, without any exit load, in case of the following
scenarios:
i. Traded price (closing price) of the ETF units is at discount of
more than 1% to the day end NAV for 7 continuous trading
days, or
ii. No quotes for such ETFs are available on stock exchange(s) for
3 consecutive trading days, or
iii. Total bid size on the exchange is less than half of creation units’
Draft SID of Motilal Oswal Nifty 100 ETF
5size daily, averaged over a period of 7 consecutive trading days.
In case of the above scenarios, applications received from investors
for redemption upto 3.00 p.m. on any trading day, shall be processed
by the AMC at the closing NAV of the day.
Any person transacting with the fund will have to reimburse
transaction charges -brokerage, STT, demat charges etc, if any.
Switches – Not applicable
VII. Tracking Error The tracking error i.e. the annualized standard deviation of the
difference in daily returns between the underlying index or goods and
the NAV of the ETF/ Index Fund, based on past one year rolling data
shall not exceed 2%.
In case of unavoidable circumstances in the nature of force majeure,
which are beyond the control of the AMC, the tracking error may
exceed 2% and the same will be intimated to the Trustees with
corrective actions taken by the AMC, if any.
For ETFs in existence for a period of less than one year, the
annualized standard deviation shall be calculated based on available
data.
The Scheme shall disclose the tracking error based on past one year
rolling data, on a daily basis, on the website of AMC and AMFI.
Regular Plan Direct Plan
The Scheme being ETF, the same is not applicable.
VIII. Tracking Difference Tracking difference i.e. the annualized difference of daily returns
between the index or goods and the NAV of the Scheme will be
disclosed on the website of the AMC and AMFI, on a monthly basis,
for tenures 1 year, 3 years, 5 years, 10 years and since the date of
allotment of units.
Regular Plan Direct Plan
The Scheme being ETF, the same is not applicable.
IX. Computation Of NAV The Net Asset Value (NAV) of the units under the Scheme shall be
calculated as follows:
NAV (Rs.) = Market or Fair Value of Scheme’s investments +
Receivables + Accrued Income + Other Assets - Accrued
Expenses- Payables- Other Liabilities
______________________________________________________
No. of Units outstanding under Scheme on the Valuation Day
Draft SID of Motilal Oswal Nifty 100 ETF
6The NAV will be calculated up to four decimals.
Detailed Disclosure on computation of NAV is provided on –
https://www.motilaloswalmf.com/download/sid-related-documents
X. Asset Allocation This scheme tracks Nifty 100 Index.
The asset allocation pattern of the Scheme would be as follows:
Indicative Allocations
Instruments (% of total assets)
Minimum Maximum
Constituents of Nifty 100 Index 95% 100%
Debt and money market
instruments, cash and cash 0% 5%
equivalents
Money Market Instruments includes Commercial papers,
Commercial bills, Treasury bills, TREPS, Government securities
having an unexpired maturity up to one year, call or notice money,
certificate of deposit, Bills Rediscounting, usance bills, and any other
like instruments as specified by the Reserve Bank of India(RBI)/
Securities and Exchange Board of India (SEBI) from time to time.
Pursuant to clause 12.24 of SEBI Master Circular No.
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the
cumulative gross exposure through Constituents of Nifty 100 Index
and Debt and money market instruments, cash and cash equivalents,
derivative positions, other permitted securities/assets and such other
securities/assets as may be permitted by the Board from time to time
will not exceed 100% of the net assets of the scheme.
The Scheme, will hold all the securities that comprise of underline
Index in the same proportion as the index subject to tracking error.
Expectation is that, over a period of time, the tracking error of the
Scheme relative to the performance of the Underlying Index will be
relatively low.
The Investment Manager would monitor the tracking error of the
Scheme on an ongoing basis. There can be no assurance or guarantee
that the Scheme will achieve any particular level of tracking error
relative to performance of the Underlying Index.
Cash and cash equivalents as per SEBI letter no. SEBI/HO/IMD-
II/DOF3/ OW/P/ 2021/ 31487 / 1 dated November 03, 2021 which
Draft SID of Motilal Oswal Nifty 100 ETF
7includes T-bills, Government Securities and Repo on Government
Securities having residual maturity of less than 91 Days, shall not be
considered for the purpose of calculating gross exposure limit.
However, at all times the portfolio will adhere to the overall
investment objectives of the Schemes.
Indicative Table:
Sr. Type of Percentage of Circular
No. Instrument exposure references*
1. Securities Not more than 20% of Subject to the
Lending/ Stock the net assets of the SEBI (MF)
Lending Scheme can generally Regulations and
be deployed in Stock in accordance
Lending. with Securities
Lending
Not more than 5% of Scheme, 1997,
the net assets of the SEBI vide
Scheme can generally clause 12.11 of
be deployed in Stock SEBI Master
Lending to any single Circular No.
counter party (as may SEBI/HO/IMD/
be applicable). IMD-PoD-
1/P/CIR/2024/9
0 dated June 27,
2024, as may be
amended from
time to time, the
Scheme intends
to engage in
Stock Lending.
2. Equity The Scheme may take In accordance
Derivatives for exposure to equity with clause
hedging derivatives of the 12.25 of SEBI
purposes index itself or its Master Circular
constituent stocks may No. SEBI/ HO/
be undertaken when IMD/ IMD-
equity shares are PoD-1/ P/ CIR/
unavailable, 2024/ 90 dated
insufficient or for June 27, 2024.
rebalancing in case of
corporate actions for a
temporary period.
Other than for above
purposes, the Scheme
will not invest in
Draft SID of Motilal Oswal Nifty 100 ETF
8Equity Derivatives.
These investments
would be for a short
period of time i.e. 7
days. Exposure
towards Equity
Derivatives
instruments shall not
exceed 20% of the net
assets of the Scheme.
If the exposure falls
outside the above
mentioned asset
allocation pattern, the
portfolio to be
rebalanced by AMC
within 7 days from the
date of said deviation.
The Fund shall not
write options or
purchase instruments
with embedded written
options. When
constituent’s securities
of underlying Index
are available again,
derivative positions in
these securities would
be unwound.
3. Securitized The scheme will not -
Debt make any investment
in Securitized Debt.
4. Overseas The scheme shall have -
Securities no Overseas
Securities/ ADR &
GDRs.
5. REITS/ InVITS The Scheme shall not -
invest in REITS/
InVITS.
6. AT1 and AT 2 The Scheme shall not -
bonds. invest in AT1 and AT2
bonds.
7. Short selling The scheme will not -
invest in Short selling.
8. Repo i n The Scheme shall not -
corporate debt invest in repo in
Draft SID of Motilal Oswal Nifty 100 ETF
9and corporate corporate debt and
reverse repo corporate reverse repo.
9. Unrated Deb t The Scheme shall not -
instrument. invest in unrated debt
instrument.
10. Credit Defau lt The Scheme shall not -
Swaps (CDS) invest in Credit
Default Swaps (CDS).
11. Structured The Scheme will not -
Obligations / invest in debt
Credit instruments having
Enhancements. Structured Obligations
/ Credit
Enhancements.
12. Schemes The Scheme may also Clause 4 of the
managed by invest in other Seventh
the AMC schemes managed by Schedule of the
the AMC or in the SEBI (Mutual
schemes of any other Funds)
Mutual Fund not more Regulations,
than 5% of the Net 1996
Asset Value of the
Mutual Fund, provided
it is in conformity with
the investment
objectives of the
Scheme.
Rebalancing due to Short term defensive consideration:
Subject to the Regulations, the asset allocation pattern indicated
above for the Scheme may change from time to time, keeping in view
applicable regulations and political and economic factors. In the
event that the asset allocation of the Scheme should deviate from the
ranges as noted in the asset allocation table above, then the portfolio
of the Scheme will be rebalanced by the Fund Manager to the
position indicated in the asset allocation table above. Such changes
in the asset allocation will be for short term and defensive
considerations as per clause 1.14.1.2 of SEBI Master Circular No.
SEBI/ HO/ IMD/ IMD-PoD-1/ P/ CIR/ 2024/ 90 dated June 27, 2024.
In case of deviation, if any, from the asset allocation pattern, the
AMC shall rebalance the portfolio within a period of 7 calendar days
in accordance with Clause 3.5.3.11 of SEBI Master Circular No.
SEBI/ HO/ IMD/ IMD-PoD-1/ P/ CIR/ 2024/ 90 dated June 27, 2024.
Draft SID of Motilal Oswal Nifty 100 ETF
10Portfolio Rebalancing due to Passive Breach:
In accordance with clause 3.6.7 of SEBI Master Circular No. SEBI/
HO/ IMD/ IMD-PoD-1/ P/ CIR/ 2024/ 90 dated June 27, 2024,
change in constituents of the index due to periodic review, the
portfolio of ETF shall be rebalanced within 7 calendar days. Any
transactions undertaken in the scheme portfolio of ETF in order to
meet the redemption and subscription obligations shall be done while
ensuring that post such transactions replication of the portfolio with
the index is maintained at all points of time.
Additionally, in the event of involuntary corporate action, the
scheme shall dispose the security not forming part of the underlying
index within 7 calendar days from the date of allotment/ listing.
Timelines for deployment of funds collected in NFO –
In line with SEBI circular no. SEBI/HO/IMD/IMD-PoD-
1/P/CIR/2025/23 dated February 27, 2025, funds collected in new
fund offer shall be deployed as per following manner:
1. The AMC shall deploy the funds garnered in an NFO within 30
business days from the date of allotment of units.
2. In an exceptional case, if the AMC is not able to deploy the
funds in 30 business days, reasons in writing, including details
of efforts taken to deploy the funds, shall be placed before the
Investment Committee of the AMC.
3. The Investment Committee may extend the timeline by 30
business days, while also making recommendations on how to
ensure deployment within 30 business days going forward and
monitoring the same. The Investment Committee shall examine
the root cause for delay in deployment before granting approval
for part or full extension. The Investment Committee shall not
ordinarily give part or full extension where the assets for any
scheme are liquid and readily available.
4. In case the funds are not deployed as per the asset allocation
mentioned in the SID as per the aforesaid mandated plus
extended timelines, AMC shall:
i. not be permitted to receive fresh flows in the same scheme till
the time the funds are deployed as per the asset allocation
mentioned in the SID.
ii. not be permitted to levy exit load, if any, on the investors exiting
such scheme(s) after 60 business days of not complying with the
asset allocation of the scheme.
iii. inform all investors of the NFO, about the option of an exit from
the concerned scheme without exit load, via email, SMS or other
similar mode of communication.
iv. report deviation, if any, to Trustees at each of the above stages.
For details, please refer Annexure 1.
Draft SID of Motilal Oswal Nifty 100 ETF
11XI. Fund manager details Mr. Swapnil Mayekar and Mr. Dishant Mehta will be the designated
Fund Managers for the Scheme.
Mr. Rakesh Shetty will be the Fund Manager for debt securities of the
Scheme
Sr. No. Name of the Fund Managing Total
Manager Since Experience
1 Mr. Swapnil This is a new Over 20 years
Mayekar scheme of experience
2 Mr. Dishant Mehta This is a new Over 14 years
scheme of experience
3 Mr. Rakesh Shetty This is a new Over 14 years
scheme of experience
XII. Annual Scheme The AMC has estimated that upto 1% daily net assets of the scheme
Recurring Expenses will be charged to the scheme as expenses.
For detailed disclosure, kindly refer -
https://www.motilaloswalmf.com/download/sid-related-documents
XIII. Transaction charges and The AMC/Mutual Fund shall deduct the Transaction Charges on
stamp duty purchase / subscription received from first time mutual fund
investors and investors other than first time mutual fund investors
through the distributor or through the stock exchange platforms viz.
BSE Star MF/ NSE NMF II platforms (who have specifically opted-
in to receive the transaction charges) as under:
i. For existing investor in a Mutual Fund: Rs.100/- per
subscription of Rs. 10,000/- and above;
ii. For first time investor in Mutual Funds: Rs.150/- per
subscription of Rs. 10,000/- and above.
However, there will be no transaction charge on:
i. Subscription of less than Rs. 10,000/-; or
ii. Transactions other than purchases/subscriptions relating to new
inflows such as STP/SWP/DTP, etc.; or
iii. Direct subscription (subscription not routed through
distributor); or
iv. Subscription routed through distributor who has chosen to ‘Opt-
out’ of charging of transaction charge.
The transaction charge as mentioned above will be deducted by AMC
from subscription amount of the Unitholder and paid to distributor
and the balance shall be invested in the Scheme.
The distributors shall also have the option to either opt in or opt out
of levying transaction charge based on type of the product.
Draft SID of Motilal Oswal Nifty 100 ETF
12Pursuant to Notification No. S.O. 1226(E) and G.S.R. 226(E) dated
March 30, 2020 issued by Department of Revenue, Ministry of
Finance, Government of India, read with Part I of Chapter IV of
Notification dated February 21, 2019 issued by Legislative
Department, Ministry of Law and Justice, Government of India on
the Finance Act, 2019 and Clause 10.1 of SEBI Master Circular dated
June 27, 2024, a stamp duty @ 0.005% of the transaction value
would be levied on applicable mutual fund transactions, with effect
from July 01, 2020. Accordingly, pursuant to levy of stamp duty, the
number of units allotted on purchase/ switch-in transactions to the
unitholders would be reduced to that extent.
Details to be provided in SAI.
XIV. Information available Investors can refer the link http://www.motilaloswalmf.com for
through weblink below mentioned points:
Liquidity/listing details -
https://www.motilaloswalmf.com/download/sid-related-
documents
NAV disclosure -
https://www.motilaloswalmf.com/download/sid-related-
documents
Applicable timelines for dispatch of redemption proceeds etc. -
https://www.motilaloswalmf.com/download/sid-related-documents
Breakup of Annual Scheme Recurring expenses -
https://www.motilaloswalmf.com/download/sid-related-
documents
Definitions -
https://www.motilaloswalmf.com/CMS/assets/uploads/Document
s/ae50c-definitions-etf.pdf
Applicable risk factors -
https://www.motilaloswalmf.com/download/sid-related-
documents
Detailed disclosures regarding the index, index eligibility
criteria, methodology, index service provider, index constituents,
impact cost of the constituents/ underlying fund in case of fund
of funds – Refer Point no. XXII “Index methodology/ Details of
underlying fund in case of Fund of Funds” in this document.
List of official points of acceptance -
https://www.motilaloswalmf.com/contact-us
Penalties, Pending Litigation or Proceedings, Findings of
Inspections or Investigations –
https://www.motilaloswalmf.com/CMS/assets/uploads/Docume
nts/4151e-data-pertaining-to-penalties-pending-litigations.pdf
Investor services -
https://www.motilaloswalmf.com/download/sid-related-
documents
Draft SID of Motilal Oswal Nifty 100 ETF
13 Portfolio Disclosure -
https://www.motilaloswalmf.com/download/sid-related-
documents
Detailed comparative table of the existing schemes of AMC -
https://www.motilaloswalmf.com/download/sid-related-documents
Scheme performance - Refer Point no. XXIII “Scheme
Performance” in this document.
Periodic Disclosures -
https://www.motilaloswalmf.com/download/sid-related-
documents
Any disclosure in terms of Consolidated Checklist on Standard
Observations - https://www.motilaloswalmf.com/download/sid-
related-documents
Scheme specific disclosures (as per the prescribed format) -
https://www.motilaloswalmf.com/download/sid-related-
documents
Scheme Factsheet -
https://www.motilaloswalmf.com/download/factsheets
XV. How to Apply Investors should mandatorily use the Application Forms,
Transactions Request, included in the KIM and other standard forms
available at the Investor Service Centers/ www.motilaloswalmf.com,
for any financial/non-financial transactions. Any transactions
received in any non-standard forms are liable to be rejected.
Details regarding availability of application form from either the
Investor Service Centers (ISCs)/Official Points of Acceptance
(OPAs) of AMC or may be downloaded from the website of AMC
should be specified.
Please refer to the SAI and Application form for the instructions.
Pursuant to the clause 17.16 of SEBI Master Circular for Mutual
Funds dated June 27, 2024, the Investors subscribing to units of the
Scheme are compulsorily required to provide:
a. Nomination; or
b. A declaration form for opting out of nomination.
Pursuant to SEBI Circular vide SEBI/HO/IMD/IMD-I
POD1/P/CIR/2024/29 dated April 30, 2024 the nomination for
mutual funds shall be exempted for jointly held folios.
The applications where neither nomination is provided nor
declaration for opting out of nomination is provided, are liable to be
rejected.
XVI. Where can applications The application forms for purchase/redemption of units directly with
for subscription/ the Fund can be submitted at the Designated Collection Center
Draft SID of Motilal Oswal Nifty 100 ETF
14redemption/ switches be (DCC)/ Investor Service Center (ISC) of Motilal Oswal Mutual Fund
submitted as mentioned in the SID and also at DCC and ISC of our Registrar
and Transfer Agent (RTA), KFin Technologies Limited. The details
of RTA’s DCC and ISC are available at the link
https://www.kfintech.com/contact-us/. it is mandatory to mention
their bank account numbers in their applications/requests for
redemption.
Investors can also subscribe to the Units of the Scheme through
MFSS and/or NMF II facility of NSE and BSE StAR MF facility of
BSE.
In addition to subscribing Units through submission of application in
physical, investor / unit holder can also subscribe to the Units of the
Scheme through RTA’s website i.e. www.kfintech.com/ . The
facility to transact in the Scheme is also available through mobile
application of Kfin i.e. ‘KFINTRACK’
Switches – Not applicable
For detailed disclosure, kindly refer SAI.
XVII. Specific attribute of the Not Applicable.
scheme (such as lock in/
duration in case of target
maturity scheme/close
ended schemes etc.) (as
applicable)
XVIII. Special product/facility The scheme does not offer any special products except ASBA.
available during the NFO
and on ongoing basis The Mutual Fund will offer ASBA facility during the NFO of the
Scheme. ASBA is an application containing authorization given by
the Investor to block the application money in his specified bank
account towards the subscription of the units offered during the NFO
of Scheme. If an Investor is applying through ASBA facility, the
application money towards the subscription of units shall be NFO
SID of Motilal Oswal Nifty 100 ETF debited from his specified bank
account only if his/her application is selected for allotment of units.
Please refer to the SAI for more details.
XIX. Segregated portfolio/ side SEBI vide clause 4.4.3.5 of SEBI Master Circular No.
pocketing disclosure SEBI/HO/IMD/IMD-PoD1/P/CIR/2024/90 dated June 27, 2024, has
advised that portfolios by mutual fund schemes investing in debt and
money market instruments should have provision in the concerned
SID for creating portfolio segregation.
Draft SID of Motilal Oswal Nifty 100 ETF
15Segregated Portfolio: The portfolio comprising of debt and money
market instruments, which might be affected by a credit event and
shall also include the unrated debt or money market instruments
affected by actual default.
The AMC / Trustee shall decide on creation of segregated portfolio
of the Scheme in case of a credit event/actual default at issuer level,
subject to SEBI Regulations and other prevailing guidelines if any.
Accordingly, Investor holding units of segregated portfolio may not
able to liquidate their holding till the time recovery of money from
the issuer. The Security comprised of segregated portfolio may not
realise any value. Further, listing of units of segregated portfolio in
recognized stock exchange does not necessarily guarantee their
liquidity. There may not be active trading of units in the stock
market. Further trading price of units on the stock market may be
significantly lower than the prevailing NAV.
For further details, kindly refer SAI.
XX. Stock lending Not more than 20% of the net assets of the Scheme can generally be
deployed in Stock Lending.
Not more than 5% of the net assets of the Scheme can generally be
deployed in Stock Lending to any single counter party (as may be
applicable).
Subject to the SEBI (MF) Regulations and in accordance with
Securities Lending Scheme, 1997, SEBI vide clause 12.11 of SEBI
Master Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
dated June 27, 2024, as may be amended from time to time, the
Scheme intends to engage in Stock Lending.
For Details, kindly refer SAI.
XXI Creation unit size Each Creation Unit consists of 80,000 units of Motilal Oswal Nifty
100 ETF. The Creation Unit is made up of 2 components i.e.
Portfolio Deposit and Cash Component. The Portfolio Deposit will
be determined by the Fund as per the weights of each security in the
Underlying Index. The value of this Portfolio Deposit will change
due to change in prices during the day. The number of Motilal Oswal
Nifty 100 ETF that investors can create / redeem is 80,000 units of
each security that constitute the Portfolio Deposit will remain
constant unless there is any corporate action in the Underlying Index
or there is a rebalance in the Underlying Index.
The example of Creation Unit as on June 30, 2025 for Motilal
Draft SID of Motilal Oswal Nifty 100 ETF
16Oswal Nifty 100 ETF is as follows:
Security Name Price Weight Quantity Amount
HDFC Bank Ltd. 2001.5 10.94% 114 2,28,171.0
ICICI Bank Ltd. 1445.8 7.39% 107 1,54,700.6
Reliance Industries
Ltd. 1500.6 7.29% 102 1,53,061.2
Infosys Ltd. 1601.8 4.14% 54 86,497.2
Bharti Airtel Ltd. 2009.6 3.93% 41 82,393.6
Larsen & Toubro
Ltd. 3669.8 3.09% 18 66,056.4
ITC Ltd. 416.45 2.78% 140 58,303.0
Tata Consultancy
Services Ltd. 3462 2.53% 15 51,930.0
Axis Bank Ltd. 1199.2 2.46% 43 51,565.6
Kotak Mahindra
Bank Ltd. 2163.5 2.28% 22 47,597.0
State Bank Of India 820.35 2.26% 58 47,580.3
Mahindra &
Mahindra Ltd. 3183.2 2.02% 13 41,381.6
Bajaj Finance Ltd. 936.5 1.78% 40 37,460.0
Hindustan Unilever
Ltd. 2294.6 1.46% 13 29,829.8
Eternal Ltd. 264.15 1.32% 104 27,471.6
HCL Technologies
Ltd. 1728.6 1.31% 16 27,657.6
Sun Pharmaceutical
Industries Ltd. 1675.7 1.30% 16 26,811.2
Maruti Suzuki India
Ltd. 12400 1.17% 2 24,800.0
NTPC Ltd. 334.9 1.14% 71 23,777.9
Titan Company Ltd. 3690.2 1.09% 6 22,141.2
Bharat Electronics
Ltd. 421.5 1.08% 54 22,761.0
Tata Motors Ltd. 688 1.03% 31 21,328.0
Ultratech Cement
Ltd. 12093 1.03% 2 24,186.0
Trent Ltd. 6217.5 0.99% 3 18,652.5
Power Grid
Corporation Of India
Ltd. 299.9 0.97% 68 20,393.2
Tata Steel Ltd. 159.76 0.95% 124 19,810.2
Interglobe Aviation
Ltd. 5976.5 0.84% 3 17,929.5
Bajaj Finserv Ltd. 2056 0.80% 8 16,448.0
Grasim Industries
Ltd. 2844.5 0.78% 6 17,067.0
JIO Financial
Services Ltd. 326.75 0.77% 49 16,010.8
Tech Mahindra Ltd. 1687 0.77% 10 16,870.0
Adani Ports And
Special Economic
Zone Ltd. 1450.2 0.77% 11 15,952.2
Asian Paints Ltd. 2341.1 0.76% 7 16,387.7
Hindalco Industries 692.85 0.72% 22 15,242.7
Draft SID of Motilal Oswal Nifty 100 ETF
17Ltd.
Shriram Finance Ltd. 706.85 0.71% 21 14,843.9
JSW Steel Ltd. 1020.5 0.69% 14 14,287.0
Oil & Natural Gas
Corporation Ltd. 244.21 0.68% 58 14,164.2
Bajaj Auto Ltd. 8376 0.67% 2 16,752.0
Hindustan
Aeronautics Ltd. 4869.8 0.66% 3 14,609.4
Coal India Ltd. 391.95 0.64% 34 13,326.3
Nestle India Ltd. 2465.3 0.63% 5 12,326.5
HDFC Life
Insurance Company
Ltd. 814.3 0.63% 16 13,028.8
Divi's Laboratories
Ltd. 6809.5 0.62% 2 13,619.0
Cipla Ltd. 1505.9 0.61% 8 12,047.2
SBI Life Insurance
Company Ltd. 1838.3 0.59% 7 12,868.1
Vedanta Ltd. 460.85 0.56% 25 11,521.3
Dr. Reddy's
Laboratories Ltd. 1283.3 0.56% 9 11,549.7
Eicher Motors Ltd. 5656.5 0.56% 2 11,313.0
Wipro Ltd. 265.98 0.54% 43 11,437.1
Apollo Hospitals
Enterprise Ltd. 7242 0.52% 2 14,484.0
Tata Consumer
Products Ltd. 1098.9 0.51% 10 10,989.0
Britannia Industries
Ltd. 5851 0.49% 2 11,702.0
Cholamandalam
Investment And
Finance Company
Ltd. 1628 0.49% 6 9,768.0
TVS Motor
Company Ltd. 2918 0.49% 4 11,672.0
Adani Enterprises
Ltd. 2619.4 0.49% 4 10,477.6
Tata Power Co. Ltd. 405.45 0.49% 25 10,136.3
Indian Hotels Co.
Ltd. 760.3 0.48% 13 9,883.9
Bharat Petroleum
Corporation Ltd. 331.95 0.46% 29 9,626.6
Avenue Supermarts
Ltd. 4372.3 0.46% 2 8,744.6
Bajaj Holdings &
Investment Ltd. 14379 0.45% 1 14,379.0
Power Finance
Corporation Ltd. 427.4 0.45% 22 9,402.8
Varun Beverages
Ltd. 457.55 0.44% 20 9,151.0
Info Edge (India)
Ltd. 1488.3 0.41% 6 8,929.8
Indusind Bank Ltd. 872.1 0.41% 10 8,721.0
Hero Motocorp Ltd. 4237.1 0.39% 2 8,474.2
Indian Oil
Corporation Ltd. 146.96 0.39% 56 8,229.8
Draft SID of Motilal Oswal Nifty 100 ETF
18DLF Ltd. 837.8 0.39% 10 8,378.0
Gail (India) Ltd. 190.84 0.37% 40 7,633.6
Rec Ltd. 402.4 0.36% 19 7,645.6
LTIMindtree Ltd. 5317 0.35% 1 5,317.0
ICICI Lombard
General Insurance
Company Ltd. 2040.2 0.35% 4 8,160.8
Godrej Consumer
Products Ltd. 1178.4 0.34% 6 7,070.4
Pidilite Industries
Ltd. 3054.4 0.34% 2 6,108.8
Adani Power Ltd. 585.75 0.33% 12 7,029.0
Bank Of Baroda 248.78 0.33% 28 6,965.8
Samvardhana
Motherson
International Ltd. 154.83 0.33% 44 6,812.5
CG Power And
Industrial Solutions
Ltd. 682.15 0.31% 10 6,821.5
United Spirits Ltd. 1428.1 0.30% 4 5,712.4
Shree Cement Ltd. 31030 0.30% 0 0.0
Havells India Ltd. 1551.1 0.28% 4 6,204.4
Macrotech
Developers Ltd. 1384.2 0.28% 4 5,536.8
Canara Bank 114.2 0.28% 51 5,824.2
Punjab National
Bank 110.5 0.27% 52 5,746.0
Ambuja Cements
Ltd. 577.45 0.27% 10 5,774.5
Torrent
Pharmaceuticals Ltd. 3408.2 0.26% 2 6,816.4
Jindal Steel & Power
Ltd. 941.7 0.25% 6 5,650.2
Adani Energy
Solutions Ltd. 881.75 0.23% 5 4,408.8
ABB India Ltd. 6080.5 0.23% 1 6,080.5
Hyundai Motor India
Ltd. 2219.7 0.23% 2 4,439.4
Adani Green Energy
Ltd. 1025.6 0.23% 5 5,128.0
Siemens Ltd. 3251.5 0.21% 1 3,251.5
Dabur India Ltd. 485.25 0.21% 9 4,367.3
Bosch Ltd. 32680 0.20% 0 0.0
JSW Energy Ltd. 522.1 0.20% 8 4,176.8
ICICI Prudential Life
Insurance Company
Ltd. 657.9 0.18% 6 3,947.4
Indian Railway
Finance Corporation
Ltd. 141.72 0.18% 27 3,826.4
Zydus Lifesciences
Ltd. 989.95 0.18% 4 3,959.8
Life Insurance
Corporation Of India 972.8 0.15% 3 2,918.4
Swiggy Ltd. 400.4 0.11% 6 2,402.4
Bajaj Housing 121.85 0.08% 14 1,705.9
Draft SID of Motilal Oswal Nifty 100 ETF
19Finance Ltd.
The Value of Portfolio Deposit and Cash Component would vary
from time to time and would be declared by the Fund on a daily basis.
The cash component is arrived in the following manner:
Date 30-Jun-25
Index Value 26139.5
Tracking Ratio 1,000
NAV 26.1395
Creation Unit 80,000
Amount 20,91,160.00
CU Amount 20,96,510.97
Cash Component 5,350.97
The above is just an example to illustrate the calculation of cash
component. Cash Component will vary depending upon the actual
charges incurred. Please note:
1. Transaction charges like brokerage, depositary charges etc. are
payable by the investor on per creation
2. request and will be as determined by the AMC at the time of
transaction.
3. Cash component is an indicative amount and will be
collected/paid as applicable on the date of purchase/redemption.
It will vary depending upon the actual charges incurred and other
incidental charges for creating units.
4. For accrued interest calculation of dated Government securities,
the day count convention of 30/360 is followed.
XXII Index methodology/ Index: Nifty 100 Total Return Index
Details of underlying
fund in case of Fund of Disclosure regarding the Index - The Nifty 100 Index aims to
Funds track the performance of a portfolio of stocks that represent the
large cap market segment
Index Eligibility Criteria – Constituents of the Nifty 500 index
Security Selection – Top 100 companies based on full market
capitalization from Nifty 500
Weighting – Based on Free-Float Market cap
Reconstitution & Rebalancing – Reconstitution on a Semi-
Annual basis in March and September
Index Service Provider - NSE Indices Limited is the index
provider of the underlying index. NSE Indices Limited
(formerly known as India Index Services & Products Limited -
IISL) is a subsidiary of the National Stock Exchange of India
Limited. It is setup to provide a variety of indices and index-
Draft SID of Motilal Oswal Nifty 100 ETF
20related services and products for the Indian capital markets.
For detailed Index Methodology refer link:
https://www.niftyindices.com/indices/equity/broad-based-
indices/nifty-100
Index Methodology (as on June 30, 2025):
Sr. Impact
Security Name Weights
No. Cost (%)
1 HDFC Bank Ltd. 10.94% 0.01
2 ICICI Bank Ltd. 7.39% 0.01
3 Reliance Industries Ltd. 7.29% 0.01
4 Infosys Ltd. 4.14% 0.01
5 Bharti Airtel Ltd. 3.93% 0.02
6 Larsen & Toubro Ltd. 3.09% 0.02
7 ITC Ltd. 2.78% 0.02
Tata Consultancy Services
8 Ltd. 2.53% 0.02
9 Axis Bank Ltd. 2.46% 0.02
10 Kotak Mahindra Bank Ltd. 2.28% 0.01
11 State Bank Of India 2.26% 0.01
12 Mahindra & Mahindra Ltd. 2.02% 0.01
13 Bajaj Finance Ltd. 1.78% 0.01
14 Hindustan Unilever Ltd. 1.46% 0.02
15 Eternal Ltd. 1.32% 0.02
16 HCL Technologies Ltd. 1.31% 0.02
Sun Pharmaceutical
17 Industries Ltd. 1.30% 0.02
18 Maruti Suzuki India Ltd. 1.17% 0.02
19 NTPC Ltd. 1.14% 0.03
20 Titan Company Ltd. 1.09% 0.02
21 Bharat Electronics Ltd. 1.08% 0.02
22 Tata Motors Ltd. 1.03% 0.02
23 Ultratech Cement Ltd. 1.03% 0.03
24 Trent Ltd. 0.99% 0.02
Power Grid Corporation Of
25 India Ltd. 0.97% 0.03
26 Tata Steel Ltd. 0.95% 0.02
27 Interglobe Aviation Ltd. 0.84% 0.02
28 Bajaj Finserv Ltd. 0.80% 0.03
29 Grasim Industries Ltd. 0.78% 0.02
30 JIO Financial Services Ltd. 0.77% 0.02
31 Tech Mahindra Ltd. 0.77% 0.03
Adani Ports And Special
32 Economic Zone Ltd. 0.77% 0.03
Draft SID of Motilal Oswal Nifty 100 ETF
2133 Asian Paints Ltd. 0.76% 0.02
34 Hindalco Industries Ltd. 0.72% 0.02
35 Shriram Finance Ltd. 0.71% 0.03
36 JSW Steel Ltd. 0.69% 0.03
Oil & Natural Gas
37 Corporation Ltd. 0.68% 0.02
38 Bajaj Auto Ltd. 0.67% 0.02
39 Hindustan Aeronautics Ltd. 0.66% 0.02
40 Coal India Ltd. 0.64% 0.03
41 Nestle India Ltd. 0.63% 0.03
HDFC Life Insurance
42 Company Ltd. 0.63% 0.02
43 Divi's Laboratories Ltd. 0.62% 0.03
44 Cipla Ltd. 0.61% 0.02
SBI Life Insurance
45 Company Ltd. 0.59% 0.03
46 Vedanta Ltd. 0.56% 0.02
Dr. Reddy's Laboratories
47 Ltd. 0.56% 0.02
48 Eicher Motors Ltd. 0.56% 0.02
49 Wipro Ltd. 0.54% 0.02
Apollo Hospitals Enterprise
50 Ltd. 0.52% 0.02
Tata Consumer Products
51 Ltd. 0.51% 0.02
52 Britannia Industries Ltd. 0.49% 0.02
Cholamandalam Investment
53 And Finance Company Ltd. 0.49% 0.03
54 TVS Motor Company Ltd. 0.49% 0.03
55 Adani Enterprises Ltd. 0.49% 0.02
56 Tata Power Co. Ltd. 0.49% 0.02
57 Indian Hotels Co. Ltd. 0.48% 0.03
Bharat Petroleum
58 Corporation Ltd. 0.46% 0.03
59 Avenue Supermarts Ltd. 0.46% 0.04
Bajaj Holdings &
60 Investment Ltd. 0.45% 0.04
Power Finance Corporation
61 Ltd. 0.45% 0.03
62 Varun Beverages Ltd. 0.44% 0.03
63 Info Edge (India) Ltd. 0.41% 0.04
64 Indusind Bank Ltd. 0.41% 0.02
65 Hero Motocorp Ltd. 0.39% 0.02
66 Indian Oil Corporation Ltd. 0.39% 0.02
67 DLF Ltd. 0.39% 0.03
Draft SID of Motilal Oswal Nifty 100 ETF
2268 Gail (India) Ltd. 0.37% 0.03
69 Rec Ltd. 0.36% 0.03
70 LTIMindtree Ltd. 0.35% 0.04
ICICI Lombard General
71 Insurance Company Ltd. 0.35% 0.04
Godrej Consumer Products
72 Ltd. 0.34% 0.03
73 Pidilite Industries Ltd. 0.34% 0.03
74 Adani Power Ltd. 0.33% 0.03
75 Bank Of Baroda 0.33% 0.03
Samvardhana Motherson
76 International Ltd. 0.33% 0.03
Cg Power And Industrial
77 Solutions Ltd. 0.31% 0.03
78 United Spirits Ltd. 0.30% 0.03
79 Shree Cement Ltd. 0.30% 0.04
80 Havells India Ltd. 0.28% 0.03
81 Macrotech Developers Ltd. 0.28% 0.03
82 Canara Bank 0.28% 0.03
83 Punjab National Bank 0.27% 0.03
84 Ambuja Cements Ltd. 0.27% 0.03
Torrent Pharmaceuticals
85 Ltd. 0.26% 0.03
86 Jindal Steel & Power Ltd. 0.25% 0.04
87 Adani Energy Solutions Ltd. 0.23% 0.04
88 ABB India Ltd. 0.23% 0.02
89 Hyundai Motor India Ltd. 0.23% 0.03
90 Adani Green Energy Ltd. 0.23% 0.03
91 Siemens Ltd. 0.21% 0.04
92 Dabur India Ltd. 0.21% 0.02
93 Bosch Ltd. 0.20% 0.04
94 JSW Energy Ltd. 0.20% 0.04
ICICI Prudential Life
95 Insurance Company Ltd. 0.18% 0.04
Indian Railway Finance
96 Corporation Ltd. 0.18% 0.03
97 Zydus Lifesciences Ltd. 0.18% 0.03
Life Insurance Corporation
98 Of India 0.15% 0.03
99 Swiggy Ltd. 0.11% 0.04
100 Bajaj Housing Finance Ltd. 0.08% 0.04
Draft SID of Motilal Oswal Nifty 100 ETF
23Index Performance (as of June 30, 2025):
Annualized
Stats Annualized returns
Volatility
1 Year 5.68% 14.06%
3 Year 19.22% 13.06%
5 Year 21.41% 14.67%
7 Year 14.48% 17.64%
10 Year 13.33% 16.41%
Portfolio Concentration Norms:
In line with clause 3.4 of SEBI Master Circular No.
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024,
specifies following portfolio concentration norms to be adopted by
index fund:
a) The index shall have a minimum of 10 stocks as its constituents.
b) For a sectoral/ thematic Index, no single stock shall have more
than 35% weight in the index. For other than sectoral/ thematic
indices, no single stock shall have more than 25% weight in the
index
c) The weightage of the top three constituents of the index,
cumulatively shall not be more than 65% of the Index.
d) The individual constituent of the index shall have a trading
frequency greater than or equal to 80% and an average impact
cost of 1% or less over previous six months.
Following are the details of the underlying Index constituents in
compliance with the above regulatory requirements:
Parameter
Total Number of Securities 100
Highest Weight of a Security in
10.94%
Index
Total weight of Top 3
25.62%
Constituents
Minimum Frequency of
>=90%
Trading 6 Months
The Fund Manager reserves the right to invest in such instruments
and securities as may be permitted from time to time and which are
in line with the investment objective of the scheme it should include
subject to prior approval from SEBI, if any.
XXIII Scheme performance This scheme is a new scheme and does not have any performance
track record.
Draft SID of Motilal Oswal Nifty 100 ETF
24XXIV Disclosure w.r.t The Scheme is a new scheme and hence the same is not applicable.
investments by key
personnel and AMC
directors including
regulatory provisions
XXV Investment Restrictions The following are the investment restrictions as contained in the
Seventh Schedule and amendments thereof to SEBI (MF)
Regulations which are applicable to the Scheme at the time of
making investments:
1. The Mutual Fund shall buy and sell securities on the basis of
deliveries and shall in all cases of purchases, take delivery of
relevant securities and in all cases of sale, deliver the securities:
Provided further that the Mutual Fund may engage in securities
lending and borrowing specified by the Board.
Provided further that a Mutual Fund may enter into derivatives
transactions in a recognized stock exchange, subject to the
framework specified by the SEBI:
Provided further that sale of Government security already
contracted for purchase shall be permitted in accordance with the
guidelines issued by the Reserve Bank of India in this regard.
2. The Mutual Fund shall get the securities purchased or transferred
in the name of the Mutual Fund on account of the concerned
scheme, wherever investments are intended to be of long-term
nature.
3. The Mutual Fund under all its schemes shall not own more than
10% of any company’s paid up capital carrying voting rights. For
the purpose of determining the above limit, a combination of
positions of the underlying securities and stock derivatives will
be considered.
4. Transfers of investments from one scheme to another scheme in
the same Mutual Fund shall be allowed only if,
a) such transfers are done at the prevailing market price for
quoted instruments on spot basis.
[Explanation - “Spot basis” shall have same meaning as
specified by stock exchange for spot transactions;]
b) the securities so transferred shall be in conformity with
investment objective of the scheme to which such transfer
has been made and the Policy on Inter Scheme Transfer
prepared in compliance with clause 12.30 of SEBI Master
Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
dated June 27, 2024 as amended from time to time.
Draft SID of Motilal Oswal Nifty 100 ETF
255. The Scheme may invest in another scheme under the same asset
management company or any other Mutual Fund without charg-
ing any fees, provided that aggregate inter-scheme investment
made by all schemes under the same management or in schemes
under the management of any other asset management company
shall not exceed 5% of the net asset value of the Mutual Fund.
6. The provisions of clause 12.16 of SEBI Master Circular No.
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024
pertaining to pending deployment of funds of a Scheme in terms
of investment objectives of the Scheme, will not apply to term
deposits placed as margins for trading in cash and derivatives
market
7. The Scheme shall not make any investment in:
a) any unlisted security of an associate or group company of the
sponsor; or
b) any security issued by way of private placement by an associate
or group company of the sponsor; or
c) the listed securities of group companies of the sponsor which is
in excess of 25 per cent of the net assets.
8. The Scheme shall not make any investment in any fund of funds
scheme.
9. All investments by the scheme in equity shares and equity related
instruments shall only be made provided such securities are listed
or to be listed.
10. The Mutual Fund may borrow to meet liquidity needs, for
the purpose of repurchase, redemption of units or payment of
interest or dividend to the Unitholders and such borrowings shall
not exceed 20% of the net asset of the Scheme and duration of
the borrowing shall not exceed 6 months. The Mutual Fund may
borrow from permissible entities at prevailing market rates and
may offer the assets of the Mutual Fund as collateral for such
borrowing.
11. No term loans will be advanced by the Scheme.
12. No sponsor of a mutual fund, its associate or group company
including the asset management company of the fund, through
the schemes of the mutual fund or otherwise, individually or
collectively, directly or indirectly, have -
a) 10% or more of the share-holding or voting rights in the asset
management company or the trustee company of any other
mutual fund; or
Draft SID of Motilal Oswal Nifty 100 ETF
26b) representation on the board of the asset management company
or the trustee company of any other mutual fund.
13. Vide clause 12.8.3.1 of SEBI Master Circular No.
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27,
2024, a mutual fund scheme will, within the limits specified in
the clause 1 of Seventh Schedule of the MF Regulation,
following prudential limits shall be followed, for schemes other
than Credit risk funds:
i. A mutual fund scheme shall not invest more than:
a. 10% of its NAV in debt and money market securities rated
AAA; or
b. 8% of its NAV in debt and money market securities rated AA;
or
c. 6% of its NAV in debt and money market securities rated A
and below issued by a single issuer.
However, since the asset allocation permits investment in debt and
money market instruments only up to 5% of the total assets, the
investment in such securities shall be further restricted to a
maximum of 5% of the total assets.
The above investment limits may be extended by up to 2% of the
NAV of the scheme with prior approval of the Board of Trustees and
Board of Directors of the AMC, subject to compliance with the
overall 12% limit specified in clause 1 of Seventh Schedule of MF
Regulation.
The long term rating of issuers shall be considered for the money
market instruments. However, if there is no long term rating
available for the same issuer, then based on credit rating mapping of
CRAs between short term and long term ratings, the most
conservative long term rating shall be taken for a given short term
rating. Exposure to government money market instruments such as
TREPS on G-Sec/ T-bills shall be treated as exposure to government
securities.
14. A mutual fund scheme shall not invest more than 5% of its
NAV in debt instruments comprising money market instruments
and non-money market instruments issued by a single issuer
which are rated not below investment grade by a credit rating
agency authorised to carry out such activity under the Act.
a. Provided that such limit shall not be applicable for investments
in Government Securities, treasury bills and collateralized
borrowing and lending obligations.
Draft SID of Motilal Oswal Nifty 100 ETF
27b. Provided further that investment within such limit can be made
in mortgaged backed securitised debts which are rated not
below investment grade by a credit rating agency registered
with the Board.
15. The Scheme shall not invest in unlisted debt instruments
including commercial papers, except Government Securities and
other money market instruments.
Provided that the Scheme may invest in unlisted non-convertible
debentures up to a maximum of 10% of the debt portfolio of the
Scheme subject to such conditions as may be specified by SEBI
from time to time.
Provided further that the Scheme shall comply with the norms
under the above clauses within the time and in the manner as may
be specified by SEBI.
Provided further that the norms for investments by the Scheme
in unrated debt instruments shall be as specified by SEBI from
time to time.
16. Every mutual fund shall get the securities purchased or
transferred in the name of the mutual fund on account of the
concerned scheme, wherever investments are intended to be of
long-term nature.
The Scheme will comply with any other Regulations applicable to
the investments of Mutual Funds from time to time.
All investment restrictions shall be applicable at the time of
making investments. The AMC may alter these
limitations/objectives from time to time to the extent the SEBI
Regulations change so as to permit Scheme to make its investments
in the full spectrum of permitted investments to achieve its
investment objective. The Trustees may from time to time alter
these restrictions in conformity with the SEBI Regulations.
XXVI Due diligence by the asset It is confirmed that:
management company (i) The Draft Scheme Information Document submitted to SEBI
is in accordance with the SEBI (Mutual Funds) Regulations,
1996 and the guidelines and directives issued by SEBI from
time to time.
(ii) All legal requirements connected with the launching of the
Scheme as also the guidelines, instructions, etc., issued by the
Government and any other competent authority in this behalf,
have been duly complied with.
(iii) The disclosures made in the Scheme Information Document
Draft SID of Motilal Oswal Nifty 100 ETF
28are true, fair and adequate to enable the investors to make a
well informed decision regarding investment in the Scheme.
(iv) The intermediaries named in the Scheme Information
Document and Statement of Additional Information are
registered with SEBI and their registration is valid, as on date.
(v) The contents of the Scheme Information Document including
figures, data, yields etc. have been checked and are factually
correct.
(vi) A confirmation that the AMC has complied with the
compliance checklist applicable for Scheme Information
Documents and other than cited deviations/ that there are no
deviations from the regulations.
(vii) Notwithstanding anything contained in this Scheme
Information Document, the provisions of the SEBI (Mutual
Funds) Regulations, 1996 and the guidelines there under shall
be applicable.
(viii) The Trustees have ensured that the Motilal Oswal Nifty 100
ETF approved by them is a new product offered by Motilal
Oswal Mutual fund and is not a minor modification of any
existing scheme/fund/product.
Notes:
1. Further, any amendments / replacement / re-enactment of SEBI Regulations subsequent to the date of
the Scheme Information Document shall prevail over those specified in this Document.
2. The Scheme under this Scheme Information Document was approved by the Trustees on June 17, 2025.
3. The Trustees have ensured that Motilal Oswal Nifty 100 ETF approved by them is a new product
offered by Motilal Oswal Mutual Fund and is not a minor modification of any existing
scheme/fund/product.
4. Notwithstanding anything contained in the Scheme Information Document, the provisions of the SEBI
(Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.
For Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Sd/-
Aparna Karmase
Head- Compliance, Legal and Secretarial
Place: Mumbai
Date: September 16, 2025
Draft SID of Motilal Oswal Nifty 100 ETF
29Annexure 1
AMC to choose the applicable provisions based on intended asset allocation
Equity derivatives Calculation of cumulative gross exposure –
of underlying Pursuant to clause 12.24 of SEBI Master Circular No. SEBI/HO/IMD/IMD-
securities forming PoD-1/P/CIR/2024/90 dated June 27, 2024, the cumulative gross exposure
part of the index through Constituents of Nifty 100 Index and Debt and money market
may also be instruments, cash and cash equivalents, derivative positions, other permitted
available as an securities/assets and such other securities/assets as may be permitted by the
investment option Board from time to time will not exceed 100% of the net assets of the scheme.
in case the Numerical example of risk involved –
underlying Using Index Futures to increase percentage investment in equities Derivatives
security is not may be used for the purpose of deploying ideal cash and/or pending its
available for investment in equites so as to efficiently replicate the underlying index and
purchase. reduce tracking error. There may be a time lag between the inflow of funds
and their deployment in stocks. If so desired, the scheme would be able to take
immediate exposure to equities via index futures. The position in futures may
be reversed in a phased manner, as the funds are deployed in the equity
markets.
Example: The scheme has a corpus of Rs. 100 crore and there is an inflow of
Rs. 10 crore in a day. The AMC may buy index futures contracts of a value of
Rs. 10 crore. Later as the money is deployed in the underlying equities, the
value of the index futures contracts can be suitably reduced.
Equity Total
Derivative
Portfolio Portfolio
gain/(Loss)
Portfolio Event gain/(Loss) gain/(Loss)
(Rs. in
(Rs. in (Rs. in
crore)
crore) crore)
10% rise in
Rs. 100 Crore
equity 10 Nil 10
equity exposure
prices
Rs. 100 Crore
equity exposure + 10% rise in
Rs. 10 Crore long equity 10 1 11
position index prices
futures
Equity Total
Derivative
Portfolio Portfolio
gain/(Loss)
Portfolio Event gain/(Loss) gain/(Loss)
(Rs. in
(Rs. in (Rs. in
crore)
crore) crore)
Draft SID of Motilal Oswal Nifty 100 ETF
3010% fall in
Rs. 100 Crore
equity -10 Nil -10
equity exposure
prices
Rs. 100 Crore
equity exposure + 10% fall in
Rs. 10 Crore long equity -10 -1 -11
position index prices
futures
Risks associated with Investing in Derivatives
Derivative products are leveraged instruments and can provide disproportionate
gains as well as disproportionate losses to the investor. Execution of such
strategies depends upon the ability of the fund manager to identify such
opportunities. Identification and execution of the strategies to be pursued by the
fund manager involve uncertainty and decision of the fund manager may not
always be profitable. No assurance can be given that the fund manager will be
able to identify or execute such strategies.
Derivative products are specialized instruments that require investment
techniques and risk analysis different from those associated with stocks. The use
of a derivative requires an understanding not only of the underlying instrument
but of the derivative itself. Derivatives require the maintenance of adequate
controls to monitor the transactions entered into, the ability to assess the risk that
a derivative adds to the portfolio and the ability to forecast price or interest rate
movements correctly. There is a possibility that a loss may be sustained by the
portfolio as a result of the failure of another party (usually referred to as the
“counterparty”) to comply with the terms of the derivatives contract. Other risks
in using derivatives include the risk of mispricing or improper valuation of
derivatives and the inability of derivatives to correlate perfectly with underlying
assets, rates and indices, illiquidity risk whereby the Scheme may not be able to
sell or purchase derivative quickly enough at a fair price. The risks associated with
the use of derivatives are different from or possibly greater than, the risks
associated with investing directly in securities and other traditional investments.
Disclosure relating to extent and manner of participation in derivatives
to be provided
The Scheme may take exposure to equity derivatives of the index itself or its
constituent stocks may be undertaken when equity shares are unavailable,
insufficient or for rebalancing in case of corporate actions for a temporary
period. Other than for above purposes, the Scheme will not invest in Equity
Derivatives. These investments would be for a short period of time i.e. 7 days.
Exposure towards Equity Derivatives instruments shall not exceed 20% of the
net assets of the Scheme. If the exposure falls outside the above mentioned asset
allocation pattern, the portfolio to be rebalanced by AMC within 7 days from
the date of said deviation. The Fund shall not write options or purchase
instruments with embedded written options. When constituent’s securities of
Draft SID of Motilal Oswal Nifty 100 ETF
31underlying Index are available again, derivative positions in these securities
would be unwound.
Investments Limitations and Restrictions in Derivatives
In accordance with Clause 12.25 of SEBI Master Circular SEBI/HO/IMD/IMD-
PoD-1/P/CIR/2024/90 dated June 27, 2024, the following investment
restrictions shall apply with respect to investment in Derivatives:
1. The cumulative gross exposure through equity, debt and derivative positions
will not exceed 100% of the net assets of the scheme. However, cash or cash
equivalents with residual maturity of less than 91 days shall be treated as
not creating any exposure.
2. The Scheme shall not write options or purchase instruments with embedded
written options.
3. The total exposure related to option premium paid shall not exceed 20% of
the net assets of the scheme.
4. Exposure due to hedging positions may not be included in the above
mentioned limits subject to the following:
a. Hedging positions are the derivative positions that reduce possible
losses on an existing position in securities and till the existing position
remains.
b. Hedging positions shall not be taken for existing derivative positions.
Exposure due to such positions shall be added and treated under gross
cumulative exposure limits mentioned under Point 1.
c. Any derivative instrument used to hedge shall have the same underlying
security as the existing position being hedged.
d. The quantity of underlying associated with the derivative position taken
for hedging purposes shall not exceed the quantity of the existing
position against which hedge has been taken.
5. The scheme may enter into plain vanilla Interest Rate Swaps (IRS) for
hedging purposes. The value of the notional principal in such cases shall not
exceed the value of respective existing assets being hedged by the scheme.
In case of participation in IRS is through over the counter transactions, the
counter party shall be an entity recognized as a market maker by RBI and
exposure to a single counterparty in such transactions shall not exceed 10%
of the net assets of the scheme. However, if mutual funds are transacting in
IRS through an electronic trading platform offered by the Clearing
Corporation of India Ltd. (CCIL) and CCIL is the central counterparty for
such transactions guaranteeing settlement, the single counterparty limit of
10% shall not be applicable.
6. Exposure due to derivative positions taken for hedging purposes in excess
of the underlying position against which the hedging position has been
taken, shall be treated under gross cumulative exposure limits mentioned
under Point1.
Apart from the investment restrictions prescribed under SEBI (MF) Regulations
the Fund does not follow any internal norms vis-a-vis limiting exposure to a
particular scrip or sector etc.
Draft SID of Motilal Oswal Nifty 100 ETF
32ETCDs Risk factors w.r.t ETCDs – Not Applicable
(applicable to Calculation of cumulative gross exposure – Not Applicable
ETFs only) Investment limits - Not Applicable
Disclosure relating to extent and manner of participation in derivatives to
be provided – Not Applicable
Hybrid schemes Not Applicable
Close ended debt Not Applicable
schemes
Gold or Silver Not Applicable
ETF/ FoFs (single
domestic/overseas
index)
Draft SID of Motilal Oswal Nifty 100 ETF
33