India’s Motilal Oswal launches MOSt Shares NASDAQ-100 ETF On The NSE and BSE (AAPL, GOOG, MSFT, EBAY, AMZN, QQQ)

India’s Motilal Oswal Mutual Fund has launched the MOSt Shares Nasdaq 100. The MOSt Shares Nasdaq 100 ETF is India’s 1st US equity based ETF, which seeks to track the Nasdaq-100 index. Nitin Rakesh, CEO of Motilal Oswal AMC, said it is a good chance for Indian investors to gain from some of the non-financial companies in the US

With the launch of Motilal Oswal Mutual Fund’s MOSt Shares Nasdaq 100 fund , Indian investors will now have an exposure to top 100 domestic and international non-financial securities like Apple Inc (Nasdaq:AAPL) , Google (Nasdaq:GOOG), Microsoft (Nasdaq:MSFT), Ebay (Nasdaq:EBAY) and Amazon (Nasdaq:AMZN) listed on the Nasdaq stock market.

MOSt Shares NASDAQ 100 will be listed on the NSE and BSE. The New Fund Offer (NFO) will be open for subscription from 16th of March 2011 till 23rd of March 2011. The minimum investment amount during the NFO is ` 10,000/- and in multiples of ` 1/- thereafter. The fund manager of the scheme is Mr. Rajnish Rastogi CFA.

Speaking on the occasion, Mr.John Jacobs, Executive Vice President, NASDAQ OMX said, “We are happy to be associated with Motilal Oswal Asset Management Company and the launch of Motilal Oswal MOSt Shares NASDAQ-100 ETF. India is an important global market for us and we see the inception of MOSt Shares NASDAQ 100 as a seminal event which provides Indian investors with access to international and innovative products”

Related ETFs: PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

See an interview centered around this fund launch below:

Motilal Oswal MF launches first US-equities… by ndtv

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