Known for innovation, Motilal Oswal Mutual fund has again come up with the innovative ideas of investing in Top 100 stocks of Nasdaq. Following are the highlights:
(1) NASDAQ-100 Index includes 100 largest domestic (U.S.) and international non-financial securities listed on The Nasdaq Stock Market based on market capitalization.
(2) Nasdaq 100 ETF is a fund which will invest in Top 100 Global Non Financial companies. By investing in Nasdaq Top 100 ETF, you invest in companies like Apple, Amazon, Microsoft, Google, Oracle, Cisco, Intel, Qualcomm, eBay, Starbucks, Yahoo etc.
(3) Contrary to popular belief, only 60% of Nasdaq 100 weightage is in Technology sector. There is a healthy mix of Bio-Tech & Consumer as well
(4) The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies.
(5) Volatility of Nasdaq 100 is 15% p.a., half of that in Indian markets
(6) Trailing 12 month returns are over 25% with a number of asset allocators now going overweight on developed market Equities
(7) Very low correlation of Nasdaq 100 with Indian indices – Sensex & Nifty – around 0.30 to 0.40 – one of the best diversification options for Indian investors
(8) Nasdaq 100 ETF named as "Most Share N100" will be listed in NSE.
(9) Allotment price will be Approximately 1/1000th of the NASDAQ-100 Index on the allotment date.
(10) Citibank N.A would be the fund's accountant and custodian.
That is a real good news for every Indian Investors who have been longing to diversity across countries and capture the growth potential. When the world recession comes to an end, developed markets are likely to witness growth. Investing in N100 along with Indian equities would give you the perfect blend. N100 would be a sensible diversification for investors portfolio. No doubt, Technology has made Geography : History.
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