Motilal Oswal mutual fund has filed to Sebi for a Nifty based ETF-MOSt Shares M50. It is based on a proprietary MOSt 50 Index, a fundamentally enhanced index, based on the S&P CNX Nifty 50.
This will be India’s first enhanced index ETF and will extend the ETF product set from being pure passive towards a hybrid Active-Passive approach.MOSt 50 Index is a fundamentally enhanced index based on S&P CNX Nifty Index (Nifty).
