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Motilal Oswal Management launches Midcap ETF

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Company today said it has launched an open ended which seeks to track the CNX Midcap Index.

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.

"Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100) is India’s first exchange traded fund (ETF) which tracks the performance of the Midcap segment of the broader stock market," the company said in a statement.

MOSt Shares M100 ETF will be listed on the National Stock Exchange and the (NFO) will be open for subscription from January 12, 2011.

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