BRSTBRSTBRSTBBRSTRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTBRSTBRSTSTBRSTJuly 20151Dear Investors andMyDear Advisor Friends,As you might have seen in various media reports, Indian investors' allocation into equity markets over the lastyear or sohas beenhigher thancumulativeinvestment over thelast 12years. For thefirst timeinmy experience,I have seen research reports stating that in June 2015, FII outflows were USD 981 mn but the markets heldsteady because FII outflow wasmore than counter balanced bydomestic inflows from MutualFunds and Insurance Companies tothe tune of USD 1.88 bn of whichUSD 1.4 bn was fromMutual Fundsalone. (Source: Deutsche Bank IndiaEquityStrategydatedJuly3, 2015)FACTSHEETMOStFACTSHEETMOStLast 12 months equity inflows of s at $15bn are equal to the cumulatives equity inflows of the previous 10 yearsMFMFCumulative MF inflows in equity during Sep04-Jun14 = Rs. 950bn(the same amount s received in last 12 months) MF150100500-100-50Jun/04Dec/04Jun/05Dec/05Jun/06Dec/06Jun/07Dec/07Jun/08Dec/08Jun/09Dec/09Jun/10Dec/10Jun/11Dec/11Jun/12Dec/12Jun/13Dec/13Jun/14Dec/14Jun/15Net equity flows in s (Rs. bn) MFRs. 950bnSource:AMFIInthepast, I haveexpressedconcerns that Indians don't ownenoughof Indiaandits growthbecausebulk of Indiancompanies is ownedbypromoters and foreigners. I hope this trend continues and I wouldhazard a fewreasons belowas to why I believe this trend will indeedcontinuefor sometimetocome:1. From a long term trend perspective, it is worth understandingthat habits change with generations. Till late 90s and early2000s, theIndianmarkets hadavery highlevel of fixedincomerates. RBI usedtoissueGoI Relief Bonds at 12%inlate90s andtherates startedto decline only in mid 2000s. Just imagine, GoI issuing bonds at 12% risk free and tax free and that's not too far back. Till recently mostfavoured public sectors banks like the SBI used to pay between 9 and 11%on their fixed deposits. With this kind of rate structure running tillveryrecently, it is worthnotingwehavehugepopulaceof moneyedinvestors whoarejust about gettingaccustomedtoavariableratemarketlinked environment while they have seen 10-12%being generated risk free not too far back It is nowthat we are all likely to get used to theideathat thereis noreturnwithout risk (source: ReserveBankof India)2. Off late there are abundant indications that other competing asset classes like Gold, Equities and Commodities are not showing any pricemovement. Real estate prices are stagnating or showingmarginal downtrend while gold prices have been correcting overthelast couple of years. This trendcanbeseeninthechart belowwhich shows that demand for gold as reflected in gold importshas fallen 50%over two years. Equity as an asset class is showingup favourably on all comparison charts which was not the caseuntil recently.3. Lower interest rates are here to stay and we don't envisagesovereign linked products to give high returns in the near future.Recent decision of EPFO to start allocating funds to equities isampletestimonytothis trend.4. Cyclically, India is moving froma period of economic slowdowninto a period with better growth prospects and for some time tocome equity may showgood returns which will encourage moreequityflows onthebackof goodreturns onpast investments.Figure 14: Net gold import has fallen considerably from its peak in FY12(US$ bn) Net Gold Imports50403020100FY00FY01FY02FY03FY04FY05FY06FY07FY08FY09FY10FY11FY12FY13FY14FY153 2 23175 5 611173745361621Source: RBI, IIFL Research(Continued overleaf)The moot question is that with so much money being allocated and more likely to be allocated to equity what process of investing does theinvestor follow? I have very few opportunities to meet investors but I do meet distributors and advisors on daily basis. The first process to befollowed is to identify the right intermediary to guide you in the process of investing and in selecting the right funds. The intermediary will becrucial to ensuring that you identify the right funds and for right reasons. Talking of reasons, the most significant trend that I have picked up fromBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST2Buy Right Stock CharacteristicsQualityGrowthLongevityPricedenotes quality of the business andmanagementdenotes growthinearnings andsustainedRoEdenotes longevity of the competitiveadvantageor economic moat of thebusinessdenotes our approach of buying a good businessfor a fair price rather than buying a fair business for agoodpriceQGLPSit Tight ApproachBuy and Hold:Focus:We are strictly buy and hold investors andbelieve that picking the right business needs skill andholding onto these businesses to enable our investors tobenefit from the entire growth cycle needs even moreskill.Our portfolios are high conviction portfolios with20 to 25 stocks being our ideal number. We believe inadequate diversification but over-diversification resultsin diluting returns for our investors and adding marketriskintermediaries is high returns over the recent most 1 year and 3 years periods. This is intuitively how we buy any product based on its trackrecord or past performance. Mutual Funds have a few more nuances than just checking past performance. It is widely publicized that Pastperformanceis not anindicator of future whichmeans onemay still buy afundwithgoodpast performancebut onemust never extrapolateitinto the future or assume that similar performance will be repeated in future. So howdoes one figure out whether past performance is likely toberepeatedor sustained?Its aninterestingtrendnowadays whereby weareteachingconsumers what's theright questiontoask. I recently sawanonlineretailer teachingconsumers the value of asking aur dikhao. And I amsure you have seen India's highest selling four wheeler nudging consumers to ask kitnadegi. So what's the right question to ask when someone shows you or talks to you about performance of mutual funds and you are wondering,well, this is past, I amimpressedbut will this berepeatedinfuture?Thequestiontoaskwhensomeoneshows past performanceis kaiseaaya?If the performance being shown to you is an outcome of some process being followed then one knows that yes it can be sustained or there islikelihood of getting same outputs. What's the definition of the word process? Businessdictionary.comsays process is defined as sequence ofinterdependent and linked procedures which, at every stage, consume one or more resources (employee time, energy, machines, money) toconvert inputs (data, material, parts, etc.) into outputs. It means that for same output to be generated, the same inputs need to be provided inthesamesequenceof interdependent or linkedprocedures.At Motilal Oswal AMC, we have always believed that performance is an output or an end product and considering we are operating in equitymarkets, the output cannot be controlled. What we can control is the quality of inputs and meticulous following of the same set ofinterdependent procedures for theinputs tobeprovided.This is manifestedinthechart below. Webelieveinbuyingright (Q-G-L-Pcompanies) andsittingtight (concentratedportfolios; buy andhold).Readmoreabout this at:andSo the next time you discuss performance please ask kaisa aaya? The question is important and more importantly you need someone toanswer it for youandthat's whereyour advisor has abigroletoplay.HappyInvesting,ManagingDirector &CEOAashishPSomaiyaawww.motilaloswalmf.com/knowledge-centre/buy-right-sit-tight www.motilaloswalmf.com/knowledge-centre/qglpBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTRR00004_40112_010RiskDisclosureandDisclaimerIISL Disclaimer: MOSt Shares M50 and MOSt Shares Midcap 100:NASDAQ-100 Disclaimer: MOSt Shares NASDAQ100:THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THEPRODUCT. NSE Disclaimer:BSE Disclaimer:Statutory Details: Constitution: Trustee: Investment Manager:Sponsor: RiskFactors: (1) All Mutual Funds andsecurities investments aresubject tomarket risks andtherecanbenoassurancethat theScheme's objectives will be achieved(2) As the price / value / interest rates of the securities inwhichthe Scheme invests fluctuates, the Net Asset Value (NAV) of units issuedunder the Scheme maygo up or down depending upon the factors and forces affecting the securities market (3) Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the futureperformance of the Scheme and may not provide a basis of comparison with other investments (4) The name of the Schemes does not in any manner indicate the quality of the Schemes, its futureprospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Scheme (5) The Sponsor is not responsible orliable for any loss or shortfall resulting fromthe operation of the Mutual Fund beyond the initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund (6) Thepresent Schemes arenot guaranteedor assuredreturnSchemes. Mutual Fundinvestments aresubject tomarket risks, readall schemerelateddocuments carefully.Motilal Oswal Mutual Fundhas beenset upas a trust under the IndianTrust Act, 1882. Motilal Oswal Trustee Company Ltd. Motilal OswalAsset Management Company Ltd. Motilal Oswal Securities Ltd.MOSt Shares M50 and MOSt Shares Midcap 100 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or itsaffiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty, express orimplied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOSt Shares M50 and MOSt Shares Midcap 100 or any member of the public regarding theadvisability of investing in securities generally or in the MOSt Shares M50 and MOSt Shares Midcap 100 linked to CNX Nifty Index and CNX Midcap Index respectively or particularly in the ability of CNXNifty Index and CNX Midcap Index to track general stock market performance in India. Please read the full Disclaimers in relation to the CNX Nifty Index and CNX Midcap Index in the Scheme InformationDocument. NASDAQ, OMX, NASDAQOMX, NASDAQ-100, and NASDAQ-100 Index, are registered trademarks of The NASDAQOMX Group,Inc. (which with its affiliates is referred to as the Corporations) and are licensed for use by MOAMC. MOSt Shares NASDAQ 100 (the Product) has not been passed on by the Corporations as to theirlegality or suitability. The Product are not issued, endorsed, sold, or promoted by the Corporations.It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared orapproved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. It is to be distinctly understood that the permissiongiven by Bombay Stock Exchange Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by Bombay Stock Exchange Ltd. nor does it certify the correctness orcompleteness of anyof thecontents of theSID. Theinvestors areadvisedtorefer totheSIDfor thefull text of theDisclaimer Clauseof theBombayStockExchangeLtd.*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.3Product SuitabilityName of the Scheme This product is suitable for investors who are seeking*Motilal Oswal MOStFocused 25 Fund(MOSt Focused 25) Return by investing in upto 25 companies with long term sustainablecompetitiveadvantageandgrowthpotential Investment in Equity and equity related instruments subject to overalllimit of 25companiesMotilal Oswal MOSt FocusedMidcap 30Fund(MOSt Focused Midcap 30) Long-termcapital growth Investment in equity and equity related instruments in a maximumof 30quality mid-cap companies having long-term competitive advantagesandpotential for growthMotilal Oswal MOSt FocusedMulticap 35 Fund(MOSt Focused 35) Multicap Long-termcapital growth Investment in a maximum of 35 equity and equity related instrumentsacross sectors andmarket capitalizationlevels.Motilal Oswal MOSt FocusedLong Term Fund(MOSt Focused Long Term) Long-termcapital growth Investment predominantlyinequityandequityrelatedinstruments;Motilal Oswal MOStShares M50 ETF(MOSt Shares M50) Return that corresponds generally to the performance of the(Underlying ), subject totrackingerror Investment inequitysecurities of CNX NiftyIndexCNX NiftyIndex IndexMotilal Oswal MOStShares Midcap 100 ETF(MOSt Shares Midcap 100) Return that corresponds generally to the performance of the CNXMidcap100Index, subject totrackingerror Investment inequitysecurities of CNX MidcapIndexMotilal Oswal MOSt10 Year Gilt Fund(MOSt 10 Year Gilt Fund) Longtermcapital appreciation Investment in securities issued by the Central Government and StateGovernment.LowModeratelyLowHighModeratelyHighModerateHigh LowInvestors understandthat their principal will be at Moderately High riskRiskometerLowModeratelyLowHighModeratelyHighModerateHigh LowInvestors understandthat their principal will be at ModerateriskRiskometerMotilal Oswal MOStUltra Short Term Bond Fund(MOSt Ultra Short Term Bond)Optimal returns consistent withmoderatelevels of riskInvestment in debt securities and money market securities with averagematurityless thanequal to12monthsLowModeratelyLowHighModeratelyHighModerateHigh LowInvestors understandthat their principal will be at Moderately Low riskRiskometerMotilal Oswal MOSt SharesNASDAQ-100 ETF(MOSt Shares NASDAQ 100) Return that corresponds generally to the performance of the NASDAQ100Index, subject totrackingerror Investment inequitysecurities of NASDAQ100IndexLowModeratelyLowHighModeratelyHighModerateHigh LowInvestors understandthat their principal will be at High riskRiskometer4BRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTMotilal Oswal MOSt Focused 25 Fund(An Open Ended Equity Scheme)Scheme Details About the Scheme(Data as on 30th June 2015)Mr. Taher Badshah is also the fund manager for the scheme MOSt Focused Midcap 30 and Co-Fund Manager for the Scheme MOSt Focused Multicap 35. Mr. Siddharth Bothra is also the co-fund manager for the equity component of the schemeMOSt Focused Midcap 30. Returns for the scheme MOSt Focused Midcap 30 is on page 5 and for the scheme MOSt Focused Multicap 35 is on page 6.*Against the benchmark CNX Nifty Index. # Risk free returns based on 365-days T-bill cut-off of 7.72% as on thelast auction. (Data as on 30th June 2015)Scheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Focused25Fund(AnOpenEndedEquitySchemeThe investment objective of the Scheme is toachieve longterm capital appreciation by investing in upto 25companies with long term sustainable competitiveadvantage and growth potential. However, there can beno assurance or guarantee that the investment objectiveof theSchemewouldbeachieved.CNXNiftyIndexMinimumApplication Amount : 5,000/- and in multiplesof 1/- thereafter.Additional ApplicationAmount : 1,000/- andinmultiplesof 1/- thereafter.Normally within 3 Business days from acceptance ofredemptionrequest.NilMOSt Focused25)````RedemptionproceedsEntry / Exit LoadPerformanceNAV per unit : Rs 10.0000 (May 13, 2013);9.4925 (Jun. 30, 2013); 12.4566 (Jun.30, 2014); 16.1775 (Jun. 30, 2015)Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered forcomputation of returns. Past performance may or may not be sustained in the future.DateScheme BenchmarkCNX NiftyReturns (%)25.32%29.87%31.23%Since Inception till June 30, 2015June 30, 2014 to June 30, 2015June 30, 2013 to June 30, 201417.07%9.95%30.28%Motilal Oswal25MOSt FocusedFund Returns (%)Current Value of Standard Investment of Rs 10,000Motilal Oswal25MOSt FocusedFund Returns (INR)CNX NiftyReturns (INR)16,178 13,993N.A.Past performancemayor maynot besustainedinthefuture; Dividenddistributionissubject toavailability&adequacyofdistributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout anddistributiontaxes, if any. Performanceof dividendplan/optionwouldbenet of applicablestatutory levy, if any. *NAVonthe1sttransactiondayafterRecordDate,whichincludesthemarktomarketimpactalso.Record Date21 Nov 2014Dividend perUnit (Rs.)Cum DividendNAVEx DividendNAV*15.2579 14.1379Direct PlanRegular Plan1.1214.9024 13.8124 1.09Dividend HistoryHoldings(Data as on 30th June 2015)Eicher Motors LimitedMaruti Suzuki India LimitedHDFC Bank LimitedBritannia Industries LimitedKotak Mahindra Bank LimitedLarsen & Toubro LimitedState Bank of IndiaSun Pharmaceuticals Industries LimitedHousing Development Finance Corporation LimitedContainer Corporation of India LimitedHindustan Petroleum Corporation LimitedTata Motors DVR 'A'Tata Consultancy Services LimitedBharat Forge LimitedCummins India LimitedCRISIL LimitedCastrol India LimitedPidilite Industries LimitedMax India LimitedTech Mahindra Limited8.15%8.10%6.92%6.77%6.55%5.93%5.10%4.71%4.31%4.01%3.77%3.72%3.51%3.43%3.30%3.28%3.25%3.23%2.74%2.19%Scrip1234567891011121314151617181920Sr. No. Weightage13 May 2013 Date of AllotmentQuarterly AAUM (June 30th, 2015)`16.1775 Regular Growth PlanDirect Dividend Plan`14.9826 Regular Dividend Plan`15.4748NAVDirect Growth Plan `16.7007` ` 260.82 ( crores)Standard Deviation 13.33 (Annualised)1.32 (Annualised)0.740.840.77Sharpe Ratio#Portfolio Turnover RatioBeta*R-Squared*(Data as on 30th June 2015) Industry classification as recommended by AMFIIndustry AllocationFund ManagerFund Manager*ExperienceHe has 19 years of experience in fund management and investmentresearch. He has been managing this fund since inception.Mr. Taher BadshahCo-Fund ManagerExperienceHe has a rich experience of more than 13 years in the field of researchand investments. He has been appointed as the co-fund managerw.e.f May 4, 2015 vide addendum dated April 30, 2015Mr. Siddharth Bothra* For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt 10 Year Gilt Fund.The returns for which mentioned on page no. 8 & 12 respectively.7.06%3.23%4.01%4.71%5.69%5.93%6.73%6.77%7.02%10.33%18.56%19.97%Cash & EquivalentChemicalsTransportationPharmaceuticalsSoftwareConstruction ProjectIndustrial ProductsConsumer Non DurablesPetroleum ProductsFinanceBanksAutoBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST5Motilal Oswal MOSt Focused Midcap 30 Fund(An Open Ended Equity Scheme)Scheme DetailsScheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Focused Midcap 30 Fund (MOStFocusedMidcap30)AnOpenEndedEquitySchemeThe investment objective of the Scheme is toachieve longtermcapital appreciationby investing ina maximumof 30quality midcap companies having long-term competitiveadvantages and potential for growth. However, there canbe no assurance or guarantee that the investmentobjectiveof theSchemewouldbeachieved.CNXMidcapIndexMinimumApplication Amount: 5,000/- and in multiplesof 1/- thereafter.Additional ApplicationAmount: 1,000/- andinmultiplesof 1/- thereafter.Normally within 3 Business days from acceptance ofredemptionrequest.Nil````About the SchemeRedemptionproceedsEntry / Exit Load24 February 2014 Date of AllotmentQuarterly AAUM(June 30th, 2015)`20.2265 Regular Growth PlanDirect Dividend Plan`19.2300 Regular Dividend Plan`19.5597NAVDirect Growth Plan `20.5602` ` 493.38 ( crores)Standard Deviation 16.96 (Annualised)3.60 (Annualised)0.270.890.74Sharpe Ratio#Portfolio Turnover RatioBeta*R-Squared*(Data as on 30th June 2015)*Against the benchmark CNX Midcap Index. # Risk free returns based on 365-days T-bill cut-off of % as onthe last auction. (Data as on 30th June 2015)7.72Past performance may or may not be sustained in the future;Dividend distribution is subject to availability &adequacy of distributable surplus. After the payment of dividend, the per unit NAVfalls to the extent of the dividendpayout anddistributiontaxes, if any. Performanceof dividendplan/optionwouldbenet of applicablestatutory levy, ifany. *NAVonthe1st transactiondayafter RecordDate, whichincludesthemarktomarket impact also.Record DateMarch 4, 2015Dividend perUnit (Rs.)Cum DividendNAVEx DividendNAV*20.5495 19.5495 Direct PlanRegular Plan1.0020.2964 19.2964 1.00Dividend HistoryHoldings(Data as on 30th June 2015)Ajanta Pharma LimitedAmara Raja Batteries LimitedMax India LimitedPage Industries LimitedCRISIL LimitedBajaj Finance LimitedGujarat Pipavav Port LimitedTVS Motor Company LimitedTata Elxsi LimitedHindustan Petroleum Corporation LimitedMindtree LimitedMulti Commodity Exchange of India LimitedJubilant Foodworks LimitedSundaram Finance LimitedSupreme Industries LimitedVoltas LimitedHavells India LimitedThermax LimitedRepco Home Finance LimitedProcter & Gamble Hygiene and Health Care LimitedBata India Limited7.72%7.40%7.10%7.09%7.03%5.85%5.41%5.17%4.97%4.68%4.62%4.44%4.22%3.84%3.33%3.32%3.13%2.67%2.57%2.30%2.25%Scrip123456789101112131415161718192021Sr. No. WeightageIndustry Allocation(Data as on 30th June 2015) Industry classification as recommended by AMFIMr. Taher Badshah is also the fund manager for the scheme Motilal Oswal MOSt Focused 25 and Co-Fund Manager for the Scheme MOSt Focused Multicap 35. Mr. Siddharth Bothra is also the co-fund manager for the equity component of the schemeMotilal Oswal MOSt Focused 25. Returns for the scheme Motilal Oswal MOSt Focused 25 is on page 4 and for the scheme MOSt Focused Multicap 35 is on page 6.* For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt 10 Year Gilt Fund.The Returns for which are mentioned on page no. 8 & 12 respectively.Fund ManagerFund Manager*ExperienceHe has 19 years of experience in fund management and investmentresearch. He has been managing this fund since inception.Mr. Taher BadshahCo-Fund ManagerExperienceHe has a rich experience of more than 13 years in the field of researchand investments. He has been appointed as the co-fund managerw.e.f May 4, 2015 vide addendum dated April 30, 2015Mr. Siddharth Bothra0.87%2.67%3.32%3.33%4.68%5.17%5.38%5.41%6.52%7.09%7.40%7.72%9.60%30.83%Cash & EquivalentIndustrial Capital GoodsConstruction ProjectIndustrial ProductsPetroleum ProductsAutoConsumer DurablesTransportationConsumer Non DurablesTextile ProductsAuto AncillariesPharmaceuticalsSoftwareFinanceNAV per unit : Rs 10.0000 (Feb 24, 2014); 13.9722 (Jun. 30, 2014); 20.2265 (Jun.30, 2015) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns.*Also represents Additional Benchmark. Past performance may or may not be sustained in the future.PerformanceDateScheme BenchmarkCNX Midcap Returns(%)68.82%44.76%Since Inception till June 30, 2015June 30, 2014 to June 30, 201547.81%17.24%MOSt Focused Midcap 30Returns (%)Current Value of Standard Investment of Rs 10,00013,726N.A.CNX NiftyReturns (%)*16,916CNX NiftyReturns (INR)*MOSt Focused Midcap 30Returns (INR)CNX MidcapReturns (INR)13,528 25.19%9.95%Additional BenchmarkBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST28 April 2014 Date of AllotmentQuarterly AAUM(June 30th, 2015)`17.6113 Regular Growth PlanDirect Dividend Plan`17.6113 Regular Dividend Plan`17.8661NAVDirect Growth Plan `17.8661` ` 1565.44 ( crores)Standard Deviation 14.75 (Annualised)3.68 (Annualised)0.220.850.61Sharpe Ratio#Portfolio Turnover RatioBeta*R-Squared*Motilal OswalMOSt Focused Multicap 35 Fund(An Open Ended Diversified Equity Scheme)Scheme DetailsScheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Focused Multicap 35 Fund (MOStFocusedMulticap35)AnOpenEndedDiversifiedEquitySchemeThe investment objective of the Scheme is toachieve longterm capital appreciation by primarily investing in amaximumof 35 equity & equity related instrumentsacross sectors andmarket capitalizationlevels. However,there can be no assurance or guarantee that theinvestment objectiveof theSchemewouldbeachieved.CNX500IndexMinimumApplication Amount: 5,000/- and in multiplesof 1/- thereafter.Additional ApplicationAmount: 1,000/- andinmultiplesof 1/- thereafter.Normally within 3 Business days from acceptance ofredemptionrequest.Nil````About the SchemeRedemptionproceeds(Data as on 30th June 2015)*Against the benchmark CNX 500 Index. # Risk free returns based on 365-days T-bill cut-off of %as on the last auction.(Dataas on30thJune2015)7.72Entry / Exit Load6(Data as on 30th June 2015) Industry classification as recommended by AMFIMr. Gautam Roy Sinha is also the fund manager for the scheme, Motilal Oswal MOSt Focused Long Term Fund. Returns for which are not provided because the scheme has not completed 1 year.Mr. Taher Badshah is also the fund manager for the scheme, Motilal Oswal MOSt Focused 25 and MOSt Focused Midcap 30. Returns for which are mentioned on page 4 and 5 respectively* For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt 10 Year Gilt Fund. The returns for which are mentioned on page no. 8 & 12 respectively.* For Foreign securities : Mr. Anubhav Srivastava, he is also the fund manager for Motilal Oswal MOSt Shares M50 ETF, Motilal Oswal MOSt Shares Midcap 100 ETF and Motilal Oswal MOSt Shares NASDAQ-100 ETF.The returns for which are mentioned on page no. 9, 10 & 11 respectively.Holdings(Data as on 30th June 2015)Maruti Suzuki India LimitedHDFC Bank LimitedBritannia Industries LimitedEicher Motors LimitedHindustan Petroleum Corporation LimitedAjanta Pharma LimitedState Bank of IndiaTata Consultancy Services LimitedIndusInd Bank LimitedLupin LimitedHousing Development Finance Corporation LimitedGujarat Pipavav Port LimitedPage Industries LimitedUnited Spirits LimitedBerkshire HathawayTech Mahindra LimitedSundaram Finance LimitedHero MotoCorp LimitedSupreme Industries LimitedBosch Limited8.98%8.63%8.31%8.31%7.98%6.43%5.68%5.43%5.00%4.90%4.73%4.29%3.93%3.69%3.32%3.32%3.24%2.56%1.46%1.32%Scrip1234567891011121314151617181920Sr. No. WeightageIndustry Allocation-1.50%1.32%1.46%3.32%3.93%4.29%7.97%7.98%8.75%11.33%12.00%19.30%19.85%Cash & EquivalentAuto AncillariesIndustrial ProductsFinancialsTextile ProductsTransportationFinancePetroleum ProductsSoftwarePharmaceuticalsConsumer Non DurablesBanksAutoNAV per unit : Rs 10.0000 (Apr 28, 2014); 11.9700 (Jun. 30, 2014); 17.6113 (Jun.30, 2015) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns.*Also represents Additional Benchmark. Past performance may or may not be sustained in the future.PerformanceDateScheme BenchmarkCNX 500 Returns(%)62.04%47.08%Since Inception till June 30, 2015June 30, 2014 to June 30, 201524.76%11.71%MOSt Focused Multicap 35Fund Returns (%)Current Value of Standard Investment of Rs 10,00012,377N.A.CNX NiftyReturns (%)*19.95%9.95%17,611CNX NiftyReturns (INR) *MOSt Focused Multicap 35Fund Returns (INR) ^CNX 500Returns (INR)12,961Additional BenchmarkFund ManagerFund Manager*ExperienceHe has close to 11 years of experience in the fund management andinvestment research. He has been managing this fund since 5th May 2014.Mr. Gautam Sinha RoyCo-Fund ManagerExperienceHe has a rich experience of more than 19 years in fund managementand investment. He has been appointed as the co-fund manager w.e.fMay 4, 2015 vide addendumdated April 30, 2015Mr. Taher BadshahBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST7Motilal Oswal MOSt Focused Long Term Fund(An Open Ended Equity Linked Saving Scheme with a 3 year lock-in)Scheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Focused Long Term Fund(MOSt FocusedLongTerm)An open ended equity linked saving scheme with a 3 yearlock-in.The investment objective of the Scheme is to generatelong-termcapital appreciationfroma diversifiedportfolioof predominantly equity and equity related instruments.However, therecanbenoassuranceor guaranteethat theinvestment objectiveof theSchemewouldbeachieved.MinimumApplication Amount: Rs. 500/- and in multiplesof Rs. 500/- thereafter.Additional Purchase: Rs. 500/- and in multiples of Rs.500/- thereafter.CNX500IndexNormally within 3 Business days from acceptance ofredemptionrequest.NilAbout the SchemeRedemptionproceeds*Against the benchmark CNX 500 Index. # Risk free returns based on 365-days T-bill cut-off of %as on the last auction.(Dataas on30thJune2015)7.72Entry / Exit LoadReturns for MOSt Focused Long Term are not provided because the scheme has not completed 1 year.Mr. Gautam Roy Sinha is also the fund manager for the scheme, Motilal Oswal MOSt Focused Multicap 35 Fund. Returns for which are mentioned on page 6.* For Debt Component : Mr. Abhiroop Mukherjee, he is also the fund manager for the scheme, Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt 10 Year Gilt Fund.The returns for which are mentioned on page no. 8 & 12 respectively.Fund ManagerHoldings(Data as on 30th June 2015)Britannia Industries LimitedEicher Motors LimitedMaruti Suzuki India LimitedHDFC Bank LimitedIndusInd Bank LimitedHindustan Petroleum Corporation LimitedState Bank of IndiaLupin LimitedHousing Development Finance Corporation LimitedAjanta Pharma LimitedTata Consultancy Services LimitedMax India LimitedGujarat Pipavav Port LimitedTech Mahindra LimitedHero MotoCorp LimitedUnited Spirits LimitedPage Industries LimitedSundaram Finance LimitedSupreme Industries Limited8.30%8.22%8.16%8.00%7.34%6.79%6.04%5.31%5.30%5.15%5.13%3.72%3.63%3.61%3.04%2.77%2.32%1.97%1.06%Scrip12345678910111213141516171819Sr. No. WeightageIndustry AllocationHe has close to 11 years of experience in the fund management and investment research. He has been managingthis fund since inception.Mr. Gautam Sinha Roy Fund Manager* Experience21 January 2015 Date of AllotmentQuarterly AAUM(June 30th, 2015)`11.0040 Regular Growth PlanDirect Dividend Plan`11.0040 Regular Dividend Plan`11.0554NAVDirect Growth Plan `11.0554` ` 42.27 ( crores)Standard Deviation 4.06 (per month)0.29 (per month)0.071.330.75Sharpe Ratio#Portfolio Turnover RatioBeta*R-Squared*Scheme Details(Data as on 30th June 2015)(Data as on 30th June 2015) Industry classification as recommended by AMFI4.15%1.06%2.32%3.63%6.79%8.73%10.46%10.99%11.07%19.42%21.38%Cash & EquivalentIndustrial ProductsTextile ProductsTransportationPetroleum ProductsSoftwarePharmaceuticalsFinanceConsumer Non DurablesAutoBanksBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST8Motilal OswalMOSt Ultra Short Term Bond Fund(An Open Ended Debt Scheme)6 September 2013 Date of AllotmentScheme DetailsQuarterly AAUM(June 30th, 2015)About the Scheme````````11.567510.000911.418610.000910.002710.002710.002710.0241Direct Plan- GrowthDirect Plan-Daily DividendRegular Plan- GrowthRegular Plan-Daily DividendRegular Plan-Fortnightly DividendRegular Plan-Monthly DividendRegular Plan-Weekly DividendRegular Plan - Quarterly DividendNAV` ` 65.31 ( crores)(Data as on 30th June 2015)Scheme NameType of SchemeInvestmentObjectiveBenchmarkContinuousOfferMotilal Oswal MOSt UltraShort TermBondFundAnOpenEndedDebt SchemeThe investment objective of the Scheme is to generateoptimal returns consistent with moderate levels of riskand liquidity by investing in debt securities and moneymarket securities. However, there can be no assurance orguarantee that the investment objective of the Schemewouldbeachieved.CRISIL Short TermBondFundIndexMinimumApplication Amount : 5,000/- and in multiplesof 1/- thereafter.Additional Application Amount : 1000/- and in multiplesof 1/- thereafter.Normally within 1 Business day from acceptance ofredemptionrequest.Nil````RedemptionproceedsEntry / Exit LoadFund ManagerFund ManagerExperienceHe has over 8 years of experience in the Financial Services Industry.He has been managing this fund since inception.Mr. Abhiroop MukherjeeQuantitative IndicatorsAverage Maturity*YTM0.11yrs /40.06 days7.69%NAV per unit : Rs. 11.4186 (Jun.30, 2015); 10.6617 (Jun.30, 2014); Rs. 10.0000 (Sept. 6, 2013)Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.*Also represents Additional Benchmark.Past performance may or may not be sustained in the future.NOTE : Mr. Abhiroop Mukherjee is also fund manager for MOSt 10 Year Gilt Fund. The returns for which are on page no. 12.He is also the fund manager of the debt component for the schemes MOSt Focused 25, MOSt Focused Midcap 30, MOSt Focused Multicap 35 andMOSt Focused Long term, returns for which are mentioned on page 4,5 and 6 respectively. Returns forMOSt Focused Long term are not provided because the scheme has not completed 1 year.Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy ofdistributable surplus. After the payment of distribution taxes, if any. Performance of dividend plan/optionwould be net ofapplicable statutory levy, if any. * NAV on the dividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of dividend plan/optionwould be net of applicable statutory levy, if any. * NAV on the1st transactiondayafterRecordDate,whichincludes themarktomarket impact also.Dividend HistoryRecord DateDividend OptionDividend perUnit (Rs.)Cum DividendNAVEx DividendNAV*10.3107 10.0307June 27, 2014Sept. 26, 2014Dec. 29, 2014Mar. 20, 2015June 26, 20150.2810.206510.206110.321310.192410.026510.016110.161310.02240.180.190.160.17Portfolio(Data as on 30th June 2015)Security Issuer WeightageAllahabad Bank CDBank Of India CDIDBI Bank Limited CDPunjab & Sind Bank CDAxis Bank Limited CDAllahabad Bank CDVijaya Bank CDPunjab & Sind Bank CDVijaya Bank CDUnion Bank of India CDUco Bank CDOriental Bank of Commerce CDReverse REPO/Cash/OthersAllahabad BankBank Of IndiaIDBI Bank LimitedPunjab & Sind BankAxis Bank LimitedAllahabad BankVijaya BankPunjab & Sind BankVijaya BankUnion Bank of IndiaUco BankOriental Bank of Commerce12.24%12.21%12.04%6.14%6.14%6.13%6.13%6.12%6.12%6.12%6.12%6.03%8.44%*For Motilal Oswal MOSt Modified Duration is equal to its Average maturity Ultra Short Term Bond Fund(Data as on 30th June 2015)DateScheme BenchmarkMotilal Oswal MOStUltra Short Term BondFund Returns (%)Current Value of Standard Investment of Rs 10000Since Inception till June 30, 2015June 30, 2015 to June 30, 2015Motilal Oswal MOStUltra Short Term BondFund Returns (INR)CRISIL Short Term BondFund Index Returns (INR)CRISIL LiquidFund IndexReturns(INR)CRISIL Short TermBond Fund IndexReturns (%)CRISIL LiquidFund IndexReturns (%)N.A.7.68%7.16%8.87%7.43%9.31%8.77%11418.64 11715.3 11752.09Performance9BRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTMotilal Oswal MOSt Shares M50 ETF(An Open Ended Exchange Traded Fund)28 July 201080.214226.86 ( crores)0.47% (Annualised)20.370.02 (Annualised)0.70`` `Date of AllotmentNAV - Growth PlanTracking Error*1.130.92Standard DeviationSharpe Ratio#Portfolio Turnover RatioBetaR-SquaredQuarterly AAUM(June 30th, 2015)Scheme DetailsScheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Shares M50ETF(MOSt Shares M50)AnOpenEndedExchangeTradedFundThe Scheme seeks investment return that corresponds(before fees and expenses) generally to the performanceof the CNX Nifty Index (Underlying Index), subject totracking error. However, there can be no assurance orguarantee that the investment objective of the Schemewouldbeachieved.CNXNiftyIndexOn NSE: Investors can buy/sell units of the Scheme inroundlot of 1unit andinmultiples thereof.Directly with the Mutual Fund: Investors can buy/sellunits of the Scheme only in creation unit size i.e. 50,000units andinmultiples thereof.Normally within 3 Business days from acceptance ofredemptionrequest.About the SchemeRedemptionproceedsFund ManagerHe has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.Mr. Anubhav Srivastava Fund Manager ExperienceM50MOSTM50M50.NSISIN CodeEntry LoadExit LoadINF247L01536NILNILNSE & BSE SymbolBloomberg CodeReuters CodeNAV per unit : Rs 80.2142 (Jun. 30, 2015); Rs 110.2818 (Jun. 30, 2014); Rs 76.3291(Jun. 30, 2013); Rs 72.5698 (Jun. 30, 2012); Rs 79.5971 (Jun. 30, 2011); Rs 78.0300 (July 28, 2010)The returns are calculated on adjusted NAV post stock split of Rs. 10 to Rs.7Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.Past performance may or may not be sustained in the future.DateScheme Benchmark Current Value of Standard Investment of Rs. 10,000/-CNX NiftyReturnsMotilal Oswal MOSt SharesM50 ETF ReturnsCNX NiftyReturns (INR)8.11%3.91%44.48%5.18%-5.26%Since Inception till June 30, 2015June 30, 2014 to June 30, 2015June 30, 2013 to June 30, 2014June 30, 2012 to June 30, 2013June 30, 2011 to June 30, 20129.31%9.95%30.28%10.67%-6.53%14,686N. A.15,504Motilal Oswal MOSt SharesM50 ETF ReturnsPerformanceTop 10 HoldingsHDFC Bank LimitedHousing Development Finance Corporation LimitedInfosys LimitedICICI Bank LimitedITC LimitedReliance Industries LimitedLarsen & Toubro LimitedTata Consultancy Services LimitedAxis Bank LimitedSun Pharmaceuticals Industries Limited7.03%6.84%6.59%5.99%5.92%5.53%4.89%4.37%3.20%3.19%Scrip12345678910Sr. No. Weightage(Data as on 30th June 2015)NOTE 1) : Due to the fundamental attribute change in the underlying index from MOSt 50 Basket to CNX Nifty Index, the NAV of the scheme has been aligned to approximately 1/100th of Nifty by splitting the units of the scheme. The face value of the unitsof the scheme changed from Rs.10 to Rs.7.NOTE 2) : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares Midcap 100 ETF and MOSt Shares NASDAQ 100 ETF, the returns for which are mentioned on page no. 10 and 11 respectively and for MOSt Focused Multicap 35 for foreign security.Returns for which are mentioned on page no. 6Industry Allocation(Data as on 30th June 2015) Industry classification as recommended by AMFI(Data as on 30th June 2015)*Against the benchmark CNX Nifty Index. # Risk free returns based on 365-days T-bill cut-off of %as on the last auction.(Dataas on30thJune2015)7.720.79%0.61%0.67%0.67%0.68%0.75%1.13%2.13%2.21%2.43%2.61%2.80%4.89%6.29%6.84%7.28%8.79%9.24%14.85%24.34%Cash & EquivalentGasAuto AncillariesMedia & EntertainmentFerrous MetalsIndustrial Capital GoodsNon - Ferrous MetalsMinerals/MiningOilPowerTelecom - ServicesCementConstruction ProjectPetroleum ProductsFinancePharmaceuticalsAutoConsumer Non DurablesSoftwareBanksBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRST10Motilal Oswal MOSt Shares Midcap 100 ETF(An Open Ended Index Exchange Traded Fund)31 January 201113.5172114.61 ( crores)0.36% (Annualised)20.340.25 (Annualised)`` `0.24Date of AllotmentNAV - Growth PlanTracking Error*Quarterly AAUM(June 30th, 2015)Standard DeviationSharpe Ratio#Portfolio Turnover RatioBetaR-Squared1.001.00Scheme DetailsScheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Shares Midcap100ETF(MOSt Shares Midcap100)AnOpenendedIndex ExchangeTradedFundThe Scheme seeks investment return that corresponds(before fees and expenses) to the performance of CNXMidcap Index (Underlying Index), subject to trackingerror. However, there can be no assurance or guaranteethat the investment objective of the Scheme would beachieved.CNXMidcapIndexOn NSE/BSE: Investors can buy/sell units of the Scheme inroundlot of 1unit andinmultiples thereof.Directly with the Mutual Fund: Investors can buy/sellunits of the Scheme only in creation unit size i.e. 2,50,000units andinmultiples thereafter.Normally within 3 Business days from acceptance ofredemptionrequest.About the SchemeRedemptionproceedsHe has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.Mr. Anubhav SrivastavaFund ManagerFund Manager ExperienceM100MOST100M100.NSISIN CodeEntry LoadExit LoadINF247L01023NILNILNSE / BSE SymbolBloomberg CodeReuters CodeNAV per unit : Rs 13.5172 (Jun. 30, 2015); Rs 11.5055 (Jun. 30, 2014); Rs 7.5288 (Jun 30, 2013); Rs 7.4838 (Jun. 30, 2012); Rs. 8.0279 (Jun. 30, 2011) Rs 7.9225 (Jan 31, 2011)Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.*Also represents Additional BenchmarkPast performance may or may not be sustained in the future.PerformanceDateScheme Benchmark Current Value of Standard Investment of Rs. 10,000/-CNX NiftyReturns*CNX Midcap IndexReturnsMotilal Oswal MOSt SharesMidcap 100 ETF Returns (INR)CNX NiftyReturns (INR)*CNX Midcap IndexReturns (INR)12.87%17.48%52.82%0.60%-6.78%Since Inception till June 30, 2015June 30, 2014 to June 30, 2015June 30, 2013 to June 30, 2014June 30, 2012 to June 30, 2013June 30, 2011 to June 30, 201211.89%17.24%51.13%-0.13%-7.77%9.95%9.95%30.28%10.67%-6.53%17,062 16,421N. A.15,199Top 10 HoldingsScrip12345678910Sr. No. Weightage(Data as on 30th June 2015)NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50 ETF and MOSt Shares Nasdaq 100 ETF, the returns for which are mentioned on page no. 9 and 11 respectively and for MOSt Focused Multicap 35 for foreign security.Returns for which are mentioned on page no. 6Industry Allocation(Data as on 30th June 2015) Industry classification as recommended by AMFI(Data as on 30th June 2015)*Against the benchmark CNX Midcap Total Return Index. # Risk free returns based on 365-days T-bill cut-off of % ason the last auction. (Data as on 30th June 2015)7.72Eicher Motors LimitedBritannia Industries LimitedUPL LimitedIndiabulls Housing Finance LimitedMotherson Sumi Systems LimitedGlenmark Pharmaceuticals LimitedBharat Forge LimitedHindustan Petroleum Corporation LimitedDivi's Laboratories LimitedSiemens Limited3.40%2.65%2.54%2.54%2.51%2.26%2.12%2.00%1.97%1.95%Motilal Oswal MOSt SharesMidcap 100 ETF Returns0.01%0.47%0.63%0.77%1.05%1.48%1.52%1.56%1.58%1.59%1.63%1.67%1.95%2.46%2.52%2.54%2.59%3.05%3.43%3.57%3.83%5.37%5.91%5.95%6.98%11.26%11.80%12.82%Cash & EquivalentMedia & EntertainmentNon - Ferrous MetalsHotels Resorts and other Recreational ActivitiesOilTelecom- ServicesFerrous MetalsConstruction ProjectServicesConstructionConsumer DurablesHealthcare ServicesGasIndustrial ProductsTransportationPesticidesChemicalsCementPowerPetroleum ProductsSoftwareBanksAutoIndustrial Capital GoodsAuto AncillariesPharmaceuticalsConsumer Non DurablesFinanceBRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTDateScheme Benchmark Current Value of Standard Investment of Rs. 10,000/-CNX NiftyReturns*NASDAQ 100 Index(%) ReturnsMOSt SharesNASDAQ 100 Returns (INR)CNX NiftyReturns (INR)NASDAQ 100 IndexReturns (INR)26.25%20.96%32.01%21.38%40.12%Since Inception till June 30, 2015June 30, 2014 to June 30, 2015June 30, 2013 to June 30, 2014June 30, 2012 to June 30, 2013June 30, 2011 to June 30, 201226.39%21.12%32.08%21.34%40.47%9.28%9.95%30.28%10.67%-6.53%26,981 27,100N. A.14,589MOSt SharesNASDAQ 100 Returns11Motilal OswalMOSt Shares NASDAQ - 100 ETF(An Open Ended Index Exchange Traded Fund)29 March 2011278.546370.69 ( crores)0.35% (Annualised)12.791.45 (Annualised)0.06`` `Date of AllotmentNAV - Growth PlanTracking Error*Quarterly AAUM(June 30th, 2015)Standard DeviationSharpe Ratio#Portfolio Turnover RatioBeta*R-Squared*1.001.00Scheme DetailsScheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt Shares NASDAQ- 100ETF(MOSt Shares NASDAQ100)AnopenendedIndex ExchangeTradedFundThe Scheme seeks investment return that corresponds(before fees and expenses) generally to the performanceof the NASDAQ-100 Index, subject to tracking error.However, therecanbenoassuranceor guaranteethat theinvestment objectiveof theSchemewouldbeachieved.NASDAQ- 100IndexOn NSE &BSE: Investors can buy/sell units of the Schemeinroundlot of 1unit andinmultiples thereof.Directly with the Mutual Fund: Investors can buy/sellunits of the Scheme only in creation unit size i.e. 100,000units andinmultiples thereafter.Normally within 3 Business days from acceptance ofredemptionrequest.About the SchemeRedemptionproceedsHe has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.Mr. Anubhav SrivastavaFund ManagerFund Manager ExperienceN100MOSTNDXN100.NS or N100.BOISIN CodeEntry LoadExit LoadINF247L01031NILNILNSE & BSE SymbolBloomberg CodeReuters CodeNAV per unit : Rs 278.5463 (Jun. 30, 2015); Rs 230.2759 (Jun. 30, 2014); Rs 174.4336 (Jun. 30, 2013); Rs 143.7112 (Jun. 30, 2012); Rs 102.5909 (Jun 30, 2011); Rs 104.6721 (March 29, 2011)Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.*Also represents Additional BenchmarkPast performance may or may not be sustained in the future.PerformanceTop 10 HoldingsAppleMicrosoft CorporationAmazon.comFacebookGoogle -Class CGilead SciencesGoogleIntel CorporationCisco SystemsComcast CorporationScrip12345678910Sr. No. Weightage(Data as on 30th June 2015)NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50 ETF and MOSt Shares Midcap 100 ETF, the returns for which are mentioned on page no. 9 and 10 respectively and for MOSt Focused Multicap 35 for foreign security.Returns for which are mentioned on page no. 6Industry Allocation(Data as on 30th June 2015) Industry Classification is as per Global Industry Classification Standard (GICS).(Data as on 30th June 2015)*Against the benchmark NASDAQ-100 Total Return Index. # Risk free returns based on 365-days T-bill cut-off of % ason the last auction. (Data as on 30th June 2015)7.7214.32%7.19%3.94%3.79%3.52%3.40%3.07%2.84%2.78%2.52%0.46%0.10%0.22%0.22%0.23%0.24%0.24%0.25%0.31%0.33%0.34%0.35%0.37%0.40%0.41%0.44%0.44%0.47%0.55%0.61%0.65%0.69%1.07%1.46%1.71%1.77%1.81%2.32%2.32%3.79%6.71%7.72%8.21%10.40%19.90%22.47%Cash & EquivalentConsumer DiscretionaryInternet & Catalog RetailCommercial & Professional ServicesProfessional ServicesFood Beverages & TobaccoSpecialty RetailHealth Care Providers & ServicTelecommunication ServicesMaterialsConsumer Durables & ApparelTransportationComputers & PeripheralsHotels Restaurants & LeisureSoftwareSemiconductors & Semiconductor EquipmentBeveragesWireless Telecommunication ServicesAirlinesLife Sciences Tools & ServicesAutoMobileCapital GoodsSemiconductorsFood & Staples RetailingBiotechnologyConsumer ServicesFood & Staples RetailHealth Care Equipment & ServicesFood ProductsInternet Software & ServicesSemiconductors & SemiconductorRetailingMediaPharmaceuticals BiotechnologyTechnology Hardware & EquipmentSoftware & Services12BRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTMotilal OswalMOSt 10 Year Gilt Fund(An Open Ended Gilt Scheme)Scheme Details(Data as on 30th June 2015)12 December 2011 Date of Allotment`12.2452 Regular Growth PlanDirect Dividend Plan`11.3650Quarterly AAUM(June 30th, 2015) ` ` 17.37 ( crores)Regular Dividend Plan`11.5250NAV Direct Growth Plan `12.3338Scheme NameType of SchemeInvestmentObjectiveBenchmarkContinuous OfferMotilal Oswal MOSt 10Year Gilt Fund(MOSt 10Year Gilt Fund)AnOpenEndedGilt SchemeThe primary investment objective of the scheme is togenerate credit risk - free return by investing in a portfolioof securities issued by the Central Government & StateGovernment. However there can be no assurance orguarantee that the investment objective of the Schemewouldbeachieved.CRISIL 10Year Gilt IndexMinimum Application Amount : 10,000/- and inmultiples of 1/- thereafter.Additional Application Amount : 1000 /- and in multiplesof 1/- thereafter.Normally within 1 Business day from acceptance ofredemptionrequest.````About the SchemeRedemptionproceedsPast performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy ofdistributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distributiontaxes, if any. Performanceof dividendplan/optionwouldbenet of applicablestatutory levy, if any. *NAVonthe1st transactiondayafterRecordDate,whichincludesthemarktomarketimpactalso.Record DateDividend OptionDividend perUnit (Rs.)Cum DividendNAVEx DividendNAV*10.2397 10.0873May 17, 20120.1930January 8, 2013 0.5850 10.8017 10.2259Dividend HistoryNAV per unit : Rs 12.2452 (Jun. 30, 2015); Rs 11.0790 (Jun. 30, 2014); Rs 11.4730 (Jun. 30, 2013); Rs 10.4306 (Jun. 30, 2012);Rs 10.0000 (Dec. 12, 2011)Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.Past performance may or may not be sustained in the future.PerformanceHe has over 8 year experience in the Financial Services Industry. He has been managing this fundsince inception.Mr. Abhiroop MukherjeeFund ManagerFund Manager ExperienceNOTE : Mr. Abhiroop Mukherjee is also fund manager for Motilal Oswal MOSt Ultra Short Term Bond Fund, the returns for which are mentioned on page no. 8. He is also the fund manager of the debt component for the schemes MOSt Focused 25,MOSt Focused Midcap 30, MOSt Focused Multicap 35 andMOSt Focused Long term, returns for which are mentioned on page 4,5 and 6 respectively. Returns for MOSt Focused Long term are not provided because the scheme has not completed1 year.Quantitative IndicatorsAverage MaturityModified DurationYTM9.91 Years6.33 Years7.81%(Data as on 30th June 2015)Security Issuer Weightage91.25%8.75%GOI 07.72% 25MAY25Reverse REPO/Cash/OthersGovernment of India---(Data as on 30th June 2015)PortfolioDateScheme BenchmarkCrisil 10 Year Gilt IndexReturns (%)MOSt 10 year Gilt FundReturns (%)Current Value of Standard Investment of Rs 10000MOSt 10 year Gilt FundReturns (INR)Crisil 10 Year Gilt IndexReturns (INR)Since Inception till June 30, 2015June 30, 2014 to June 30, 2015June 30, 2013 to June 30, 2014June 30, 2012 to June 30, 2013N.A.5.87%10.53%-3.43%9.99%5.98%10.59%-3.45%10.12%12245.18 12394.79Total Expense Ratio: Motilal Oswal MOSt Focused 25 Fund Direct Plan 1.63%, Motilal Oswal MOSt Focused 25 Fund Regular Plan 2.58%, Motilal Oswal MOSt Focused Midcap30 Fund Direct Plan 1.73%, Motilal Oswal MOSt Focused Midcap 30 Fund Regular Plan 2.43%, Motilal Oswal MOSt Focused Multicap 35 Fund Direct Plan 1.73%, Motilal OswalMOSt Focused Multicap 35 Fund Regular Plan 2.18%, Motilal Oswal MOSt Focused Long TermFund Direct Plan 2.12%, Motilal Oswal MOSt Focused Long TermFund RegularPlan 3.12%, Motilal Oswal MOSt Ultra Short TermBond Fund Direct Plan 0.55%, Motilal Oswal MOSt Ultra Short TermBond Fund Regular Plan 1.00%, Motilal Oswal MOSt 10Year Gilt Fund Direct Plan 0.69%, Motilal Oswal MOSt 10 Year Gilt Fund Regular Plan 1.00%, Motilal Oswal MOSt Shares M50 ETF 1.00%, Motilal Oswal MOSt Shares Midcap 100ETF 1.00%, Motilal Oswal MOSt Shares NASDAQ-100 ETF 1.00%.BRSTBRSTBRSTBRSTBRSTBRSTBRBRSTBRSTBRSBRSTBRSSTBRBRSTBRSTSTBRSTDisclaimer: The information contained herein should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media orreproducedinany form, without prior writtenconsent of Motilal Oswal Asset Management Company Limited(MOAMC). Any informationhereincontaineddoes not constitute andshall bedeemednot toconstituteanadvice, anoffer tosell/purchaseor as aninvitationor solicitationtodosofor any securities. MOAMCshall not beliablefor any direct or indirectloss arising from the use of any information contained in this document from time to time. Readers shall be fully responsible/liable for any decision taken on the basis of thisdocument. Theinformation/ datahereinaloneis not sufficient andshouldnt beusedfor thedevelopment or implementationof aninvestment strategy.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.13BRSTBRSTBRSTBRSTBRSTBRSTBRSTSit Tight ApproachQGLPBUY RIGHT : SIT TIGHTBuying quality companies and riding their growth cycle