Product labelling

This product is suitable for investors who are seeking*

return that corresponds generally to the performance of

the Nifty Midcap 100 Index, subject to tracking error

investment in equity securities of Nifty Midcap 100

Index

Index

About Nifty Midcap 100 Index

Source: India Index Services & Products Limited (IISL)

Launched on July 18, 2005 with a base value of 1000 as on January 1, 2003

Objective : Capture the movement and be a benchmark of midcap segment of the market

Computation methodology : Market capitalization weighted method from the launch date till

February 25, 2010 and free float market capitalization method w.e.f. February 26, 2010

Selection Criteria:

a) Exclude stocks which constitute more than 5% market capitalization of the universe

b) From the remaining companies, remove all companies contributing top 75 percent

market capitalization

c) Exclude any Nifty Stock still in the list

d) Select the top 100 companies from the remaining list

Universe: all companies listed on the National Stock Exchange which have a minimum track

record of three years of operations, with a positive networth and listing history of at least 6

months. (Companies coming out with IPO to be eligible after 3 months of listing)

About Nifty Midcap 100 Index

Investment case for Nifty Midcap 100 Index

Indian economy expected to grow at a fast pace

Midcap companies are a leveraged play on India

Midcap companies provide Growth and are Hidden Gems

Nifty Midcap 100 index complements large cap portfolios & provide better

portfolio diversification

Investment Case

India expected to grow at a fast pace

Source: Motilal Oswal Securities Ltd. Data as on 31st December 2015 Above forward-looking graphs/statements are based on external current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results. Past performance may or may not be sustained in future.

0.6 0.7

0.8 0.9

1.2 1.2 1.4

1.7 1.9 1.86 1.88

2.05 2.13 2.31

2.51

2.75

3.02

0

0.5

1

1.5

2

2.5

3

3.5

FY0

4

FY0

5

FY0

6

FY0

7

FY0

8

FY0

9

FY1

0

FY1

1

FY1

2

FY1

3

FY1

4

FY1

5

FY1

6E

FY1

7E

FY1

8E

FY1

9E

FY2

0E

US

$ (

Tri

llio

n

Indian GDP Market Prices

Midcaps: Leveraged Play on Indian Economy

Midcaps

Large Caps

Only 20% revenues of all companies and 30% of revenues of non-financial sector companies are international or influenced by international factors

38% revenues of all companies and 50% of revenues of non-financial sector companies are international or influenced by international factors

Source : IISL & Internal Analysis. Data as on 30th April 2015.

Company NameWeightage in

Index (%)

International

Exposure

Infosys 7.78 86%

TCS 4.43 94%

Sun Pharma.Inds. 3.15 75%

Tata Motors 2.67 67%

HCL Technologies 1.68 81%

Lupin 1.56 53%

Dr Reddy's Labs 1.39 71%

Wipro 1.27 75%

Tech Mahindra 1.13 78%

Hindalco Inds. 0.38 79%

Nifty 50

Company NameWeightage in

Index (%)

International

Exposure

Divi'S Lab 2.40 87%

Glenmark Pharma 2.11 52%

Oracle Financial 1.33 77%

Mindtree 1.31 87%

Strides Arcolab 1.12 90%

Tata Global Beverages 0.99 42%

Crisil 0.75 59%

Wockhardt 0.71 72%

Mphasis 0.68 90%

Tata Communications 0.51 51%

Nifty Midcap 100

Midcaps may grow faster than Large caps & Indian economy

Source : Bloomberg & MOAMC Internal Analysis, Data as on 31st December 2015; Past performance may or may not be sustained in future.

Observed Growth of Large Caps and Midcaps in India

CNX Nifty (Large Caps) Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 10Yr CAGR

Sales Per Share 1,222.0 1,670.2 1,710.7 2,064.8 2,058.3 2,412.8 2,877.1 3,301.1 3,481.5 3,961.6 3,590.6 11.4%

EBITDA Per Share 284.1 326.1 410.4 454.0 489.9 526.3 589.9 644.9 761.9 900.3 827.3 11.3%

Earnings Per Share 166.7 226.4 272.7 254.9 221.8 291.7 333.8 359.7 389.1 431.0 381.3 8.6%

Dividends Per Share 45.1 50.9 51.7 54.3 50.1 72.9 74.8 88.8 94.3 114.7 109.6 9.3%

PAT Margins 13.4 13.5 15.9 12.2 11.1 12.4 11.3 10.8 10.8 10.6 10.3 -2.6%

Return on Equity in (%) 26.1 28.8 29.4 21.8 16.9 18.0 17.7 17.5 16.4 15.9 13.8 -6.2%

CNX Midcap (Midcaps) Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 10Yr CAGR

Sales Per Share 2,187.6 2,842.5 3,779.8 5,914.3 5,486.0 5,989.1 7,360.5 8,651.8 8,386.8 9,324.6 11,063.6 17.6%

EBITDA Per Share 386.8 378.6 540.4 753.9 794.5 925.0 1,108.4 1,261.9 1,264.2 1,563.9 1,832.9 16.8%

Earnings Per Share 207.4 250.4 428.1 365.6 511.9 664.7 479.1 526.0 595.7 681.2 460.5 8.3%

Dividends Per Share 55.8 55.1 78.5 91.7 79.4 111.6 132.5 133.2 177.8 194.0 165.9 11.5%

PAT Margins 9.4 8.8 10.8 6.1 9.5 10.9 6.0 5.9 7.0 6.7 4.6 -6.9%

Return on Equity in (%) 22.3 22.0 22.9 14.5 19.1 18.1 10.5 10.2 11.2 11.4 8.2 -9.5%

Nifty Midcap 100 Index : Fundamentals & Valuation

Source : Bloomberg & Internal Analysis, Data as on 28th February 2015

Above forward-looking statements are based on external current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results. Past performance may or may not be sustained in future.

CNX Midcap : Index Value 13,397 as on December 31, 2015

Fundamentals CY 2013 CY 2015Jan 15, 2016

(Current)

Jan 15, 2017E

(1Yr Forward)

Jan 15, 2018E

(2Yr Forward)CY13-15CAGR

2 yr Forward

CAGR

Earnings Per Share 596 460 459 811 1,026 -12.1% 49.4%

Book Value Per Share 5,370 6,721 6,713 7,138 8,391 11.9% 11.8%

Sales Per Share 8,387 11,072 11,056 13,703 14,210 14.9% 13.4%

EBITDA Per Share 1,264 1,832 1,822 2,013 2,287 20.4% 12.0%

Net Cash Per Share (7,330) (8,679) 8.8%

Margin

EBITDA Margin 15.07 16.55 16.48 14.69 16.09

PAT Margin 6.95 4.59 4.16 5.92 7.22

Return on Equity 11.22 8.17 5.77 7.99 10.60

Valuation

Price/EPS 13.55 29.11 26.33 14.91 11.79

Price/Sales 0.96 1.21 1.09 0.88 0.85

Dividend Yield 10.58 11.01 1.32 1.73 1.89

EV/EBITDA 10.58 11.01 10.55 9.55 8.41

LARGE CAP Vs MIDCAP INDEX

CAGR: Compounded annual growth rate. Source : IISL, MOAMC, Data as on 31st December 2015. Risk free returns based on last overnight MIBOR cut-off of 7.03%. Past performance may or may not be achieved in the future.

Particulars Nifty 50 Nifty Midcap 100

Value (31 Dec 2008) 2,959 3,736

Value (31 Dec 2015) 7,946 13,397

Annualized Returns 15.15% 20.01%

Annualized Standard Deviation 20.26% 19.70%

Sharpe Ratio 0.40 0.66

Beta with market 1.00 0.82

Risk Free Return 7.03% 7.03%

Source : IISL, MOAMC, MIBOR Rate 7.03 %

Nifty 50 Nifty Midcap 100

> 25 % 3 11

> 50 % 8 29

> 75 % 20 54

Midcaps are more diversified than Large Caps

Cummulative

Weightage in Index

No. of Companies

Midcaps: Under Researched & Under Owned

Under Researched: Fewer analysts cover

midcap companies

Under owned : FII and MF ownership levels

in midcaps are significantly lower than

those in large caps

Source : Bloomberg & MOAMC Internal Analysis, Data as on 31st December 2015

Ownership Nifty 50 Nifty Midcap 100

Promoters 45% 53%

FII & FDI 23% 16%

Insurance & MF 11% 8%

Others 21% 22%

Total 100% 100%

MIDCAPS: Under Valued

Source : Bloomberg & Internal Analysis, Data as on 31st December 2015

Under-valued when compared with Large Cap Companies

Note: The information herein is used for comparison purpose and is illustrative and is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party.

Midcaps Complement Large Caps In Portfolios

Source: India Index Services & Products Limited (IISL) & Internal, Data as on 31st December 2015.

Note: Industry classification as recommended by AMFI . The above list is a indicative list and not a exhaustive list.

Sector (In %) Nifty 50 Nifty Midcap 100

Consumer Goods 20.77 23.32

Pharmaceuticals & Healthcare 7.27 16.32

Financial Services 30.97 13.92

Energy 9.14 9.10

Cement, Const & Const Projects 6.53 6.71

Industrial Capital Goods 0.54 5.65

Software 16.28 5.10

Metals, Minerals & Mining 2.84 4.87

Power 2.59 4.40

Industrial Products 0.00 3.06

MOSt Shares MIDCAP 100 - The vehicle

to invest in Nifty Midcap 100 Index

*Against the benchmark Nifty Midcap 100 Total Return Index. # Risk

free returns based on last overnight MIBOR cut-off of 7.03% (Data as

on 31st December 2015)

About MOSt Shares Midcap 100

Date of Allotment January 31,2011

NAV - Growth Plan 13.9693

Quarterly AAUM (Dec 31st 2015) 58.36 crore

Tracking Error* 0.34% (Annualised)

Total Expense Ratio^ 0.94% p.a.

Standard Deviation 17.78 (Annualised)

Sharpe Ratio# 0.57 (Annualised)

Portfolio Turnover Ratio 0.32

Nifty Midcap 100 Total Return

Index

Beta 1.00

R – Squared 1.00

Sector Allocation Top 10 Holdings

Industry classification as recommended by AMFI Data as on 31st December 2015

MOSt Shares Midcap 100 Portfolio

Name of Instrument Weightage

Indian Oil Corporation Limited 3.44%

Britannia Industries Limited 2.85%

Divi's Laboratories Limited 2.42%

Hindustan Petroleum Corporation Limited 2.30%

Glenmark Pharmaceuticals Limited 2.15%

Bajaj Finance Limited 2.09%

Ashok Leyland Limited 2.06%

Bajaj Finserv Limited 1.96%

Marico Limited 1.94%

Apollo Hospitals Enterprise Limited 1.82%

Features of MOSt Shares Midcap 100

1. India’s 1st Midcap Index ETF

2. Passively tracks the Nifty Midcap 100 Index

3. Listed on National Stock Exchange of India Limited (NSE).

4. A mutual fund scheme with the convenience of real time liquidity and

prices

5. Diversified portfolio of 100 Midcap companies which are a part of Nifty

Midcap 100 Index

6. Low cost structure: Total Expense Ratio (TER) of 0.94% p.a.

7. Complete transparency with creation unit being disclosed on daily basis

8. No loads

9. No discretion with Fund Manager, ensuring replication of the Index

For further details, please refer to the Scheme Information Document (SID)

MOSt Shares Midcap 100

Fund Manager: Mr. Taher Badshah He has 19 years of experience in the Financial Services Industry. Mr. Badshah is a B.E. in Electronics

from the University of Mumbai and has followed it up with a Masters in Management Studies (Finance) from the SP Jain Institute of Management, Mumbai.

Continuous Offer On NSE: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples

thereof.

Directly with the Mutual Fund: Investors can buy/sell units of the Scheme only in creation unit size i.e. 2,50,000 units and in multiples thereafter

Scheme Details Date of Allotment : 31stJanuary, 2011

NAV : Rs. 13.9693 (Data as on 31st December 2015)

For further details, please refer to the Scheme Information Document (SID)

Disclaimer

This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions and features of Motilal Oswal MOST Shares Midcap 100 ETF. The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, charts/graphs, estimates and data included in this presentation are as on date and are subject to change without notice. While utmost care has been exercised while preparing this document, Motilal Oswal Asset Management Company Limited does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this presentation. No part of this document may be duplicated in whole or in part in any form and/or redistributed without prior written consent of the Motilal Oswal Mutual Fund/Motilal Oswal Asset Management Company Limited. Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice. Past performance of the Sponsor/ AMC/ Mutual Fund and its affiliates does not indicate the future performance of the scheme and may not provide a basis of comparison with other investments. Please read Scheme Information Document (SID) and Statement of Additional Information (SAI) carefully before investing . Mutual fund investments are subject to market risks, read all scheme related documents carefully. Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Trustee: Motilal Oswal Trustee Company Limited. Investment Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd. IISL Disclaimer: MOSt Shares Midcap 100 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or its affiliates 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 or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOSt Shares M100 or any member of the public regarding the advisability of investing in securities generally or in the MOSt Shares M100 linked to Nifty Midcap 100 Index or particularly in the ability of Nifty Midcap 100 Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Midcap 100 Index in the Scheme Information Document. NSE Disclaimer: 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 or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. BSE Disclaimer: It is to be distinctly understood that the permission given 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 or completeness

Call: 1800-200-6626 l SMS: M100 to 575753

E-mail: mfservice@motilaloswal.com

Website: www.mostshares.com

www.motilaloswalmf.com

Acts like a fund, Trades like a share