An Exchange Traded Fund (ETF), by Motilal Oswal Mutual Fund and tracking the Nasdaq 100 index, has grown about nine times since its launch on 29 March 2011, delivering a return of 24.17% (CAGR). Apple Inc is its top holding, with a weight of 11.16% followed by Microsoft (9.51%) and Amazon (8.46%). It has assets under management worth Rs2,989 crore.
“It is the top performing fund over 3,5 and 10 years in India at a 24%+ CAGR," said Pratik Oswal, head of Passive Funds, Motilal Oswal Asset Management Company.
