Motilal Oswal files for second ETF

The MOSt Shares Midcap 100 ETF will use the MOSt Midcap 100 Basket to track the CNX Midcap Index. That index aims to capture the movement of the mid cap segment of the Indian equities market. The SEBI filing cites the difficulties of achieving investment objectives in lower liquidity small cap equity shares as one of the risks of investment in the fund. The new ETF will invest at least 95% of its total assets in the same securities and same proportions as those constituting the MOSt Midcap 100 Basket. It will also be able to invest in debt and money market instruments to meet liquid...