Motilal Oswal unveils first mid-cap India ETF

The ETF is tied to the CNX Midcap index, which aims to capture the movement of the top 100 mid cap equities in the country, equivalent to 15% of the National Stock Exchange's market capitalisation. The largest individual security is Asian Paints, which makes up 3.5% of the index, while each constituent stock has an individual weighting of under 5%. Over the last ten years, the CNX Midcap has registered a compound annual growth rate of 23%, significantly higher than that of the Nifty benchmark, which tracks the 50 largest Indian stocks, at 17%. MOSt Shares M100 has been offered on a r...