1 min read.Updated: 17 Jun 2021, 05:40 PM ISTLivemint
The NAV of the Motilal Oswal NASDAQ ETF on 16 June was Rs1,005. Hence a 1:10 split is likely to bring down the NAV to levels of around ₹100
MUMBAI: Motilal Oswal Asset Management Company Limited has announced a split in the face value of each unit of Motilal Oswal NASDAQ 100 ETF in a 1: 10 ratio. Consequently, the balance unit holding of existing unit holders under the Scheme as per records of the depositories as on 18 June, 2021, will increase proportionately. However, this will not have any impact on the current value of holdings of the unit holders of the scheme.