1) The document presents the Motilal Oswal MOSt 10 Year Gilt Fund, an open-ended gilt scheme that will invest predominantly in 10-year benchmark government securities. 2) It analyzes factors like slowing growth, high inflation, and tight liquidity that have led to rising interest rates in India, suggesting rates may decline going forward. 3) The fund aims to benefit from falling interest rates by investing in long duration 10-year government bonds, providing a pure play on the interest rate cycle with low credit risk.

1. 10 10
Get the Power of 10 in your portfolio
’s
India t
Firs
Presenting
Motilal Oswal MOSt 10 Year Gilt Fund
(An open ended Gilt Scheme)
Opens: 21st Nov 2011
NFO Closes: 5th Dec 2011 Funds

2. Factors impacting interest rate
Economic Growth Inflation Liquidity
GDP
? Commodity
? price Fiscal deficit
?
? of
Balance Payment movement
Investment
? outlook
Currency
? movement
1

3. Current Scenario
Slowing Growth
10 9.6
9.3
9
8.5
GPD Growth
8 7.6
8
7 6.8
6
5
11
09
10
08
07
E
12
FY
FY
FY
FY
FY
FY
Source : CGA, Ministry of Finance, CIRA Source: MOSL Research
Tight Systemic Liquidity Inflation close to double digit
2,000
12
Liquidity Adjustment Facility (Rs Bn)
1,500
10
1,000
WPI (in Percentage)
8
500
6
0 4
7/10/2000
7/10/2001
7/10/2002
7/10/2003
7/10/2004
7/10/2005
7/10/2006
7/10/2007
7/10/2008
7/10/2009
7/10/2010
7/10/2011
-500 2
-1,000 0
9/1/2009
1/1/2010
3/1/2010
5/1/2010
7/1/2010
9/1/2010
1/1/2011
3/1/2011
5/1/2011
7/1/2011
9/1/2011
11/1/2009
11/1/2010
-1,500
-2,000
Source : Bloomberg Source : Bloomberg
As a result, interest rates have increased significantly in recent months
2

4. Interest Rate Outlook
10.00 5.00
MSCI EM Commodity Index
9.67 4.80 9,288
9.50
4.60
Indian GDP Growth (in Percentage)
World GDP Growth (in Percentage)
4.54 4.51
4.46
4.40 4.40
9.00 4.34
8.78 4.22 3.96 4.20 6,944
in USD
8.50 4.00
8.43 8.37
8.24 4.00
3.80
8.00 7.84
3.60
7.82
3.40
7.50
7.53 3.20
7.00 3.00
1-Oct-10
1-Jul-10
1-Jul-11
1-Jun-10
1-Jun-11
1-Aug-10
1-Nov-10
1-Aug-11
1-Jan-11
1-Sep-10
1-Sep-11
1-May-10
1-Dec-10
1-May-11
1-Apr-10
1-Apr-11
1-Feb-11
1-Mar-11
12/12/2008
10/12/2010
12/12/2010
10/12/2011
10/12/2009
12/12/2009
2/12/2009
8/12/2010
8/12/2011
4/12/2009
6/12/2009
2/12/2011
8/12/2009
4/12/2011
6/12/2011
2/12/2010
4/12/2010
6/12/2010
India 2011 India 2012 World 2011 World2012
Source : IMF Data Source : Bloomberg
? liquidity expected to improve as capital investments are decelerating and high interest rates are
Systemic
leading to strong deposit growth
Inflation momentum turning negative & expected to ease
?
Interest rates expected to decline
Source: MOAMC Internal Analysis.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on
external current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance
or events to differ materially from those expressed or implied in such statements. Please refer to the scheme information document for
further information.
3

5. Case for Investment 10 Year G-Sec
Interest rates nearing its 9 year peak
? an opportunity to play the interest rate cycle.
Provides
Long duration bonds are a good way to play it.
?
Government securities (G-Sec)
? access to liquid and Credit-Risk free investment
Provides
? premium - sovereign guarantee
Low risk
Low illiquidity premium – G-Secs are most liquid part of bond market
?
Source: MOAMC Internal Analysis.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on external
current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in such statements. Please refer to the scheme information document for further information.
4

6. Interest Rates (Yields) Nearing Peak
Yields Near Peak
140 10.00
9.51% 135.11
135 9.50
130 9.00
Investment Value (in Rs)
125 8.50
Yield (in Percentage)
120 8.00
115 7.50
110 7.00
105 6.50
100 6.00
95 97.31 5.50
90 5% 5.00
21-Oct-08
21-Oct-09
21-Oct-10
21-Aug-07
21-Aug-08
21-Aug-09
21-Aug-10
21-Aug-11
21-Dec-07
21-Dec-08
21-Dec-09
21-Dec-10
21-Jun-08
21-Jun-09
21-Jun-10
21-Jun-11
21-Feb-08
21-Apr-08
21-Apr-09
21-Feb-10
21-Apr-10
21-Feb-11
21-Apr-11
21-Oct-07
21-Feb-09
Investment Value Yield
Source: RBI NDS OM data as on 31.10.2011 Investment value calculated using clean price & paid coupon
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on external
current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in such statements. Please refer to the scheme information document for further information.
5

7. Why MOSt 10 Year Gilt Fund
Access to 10 Year Benchmark G-Sec
Invest predominantly in the10 Year Benchmark G-Sec
Purest play on the interest rate cycle
No active duration management
10 year benchmark G-Sec is the most liquid segment of the market
Credit risk free returns
Indexation benefit
6

8. Markets and Volumes: Ample Liquidity
10 Year G - Sec Liquidity
54% 180,590 200,000
52% 180,000
52%
52% 138,315 160,000
136,960
126,610 140,000
50%
120,000
48% 100,000
47% 80,000
46%
60,000
46%
40,000
44%
20,000
42% 0
Jun-11 Jul-11 Aug-11 Sep-11
Monthly G - sec Volume (Rs. Cr) % of 10 Yr Benchmark G-sec in Total volume (Rs. Cr)
Source RBI on 31.10.2011 Total Outstanding Government of India Securities Rs.2,387,333.47 Cr
7

9. Asset Allocation
The Motilal Oswal MOSt 10 Year Gilt Fund would primarily invest in
Government bonds:
Security Investment Risk
10 Year Benchmark G-Sec 90 – 100 % Low
Other Government Securities
(7 to 12 years), T-Bills, 0 – 10 % Medium- Low
Cash Management Bills,
CBLO & Repo
For further details, please refer to the Scheme Information Document (SID)
8

10. Product Features
Type of the scheme : An Open Ended Gilt Scheme
Two Plans : Dividend & Growth
Total Expenses : 0.99%
Exit Load : 0.5% if redeemed within 3 months
Min Subscription : Rs.10000 & in multiples of Re. 1 thereafter
NFO Opens : 21st November 2011
NFO Closes : 5th December 2011
Fund Manager : Abhiroop Mukherjee
B.com (H), MBA 4yrs Experience in Trading Fixed Income Securities viz.
G-Sec, T-bills, Corporate Bonds CP CD etc.
,
Earlier worked with PNB GILTS LTD. as WDM dealer for 2007-2011
For further details, please refer to the Scheme Information Document (SID)
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11. DISCLAIMER: This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information
contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions and features of Motilal Oswal MOSt 10 Year Gilt Fund
(MOSt 10 Year Gilt Fund). The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be
construed as investment advice to any party. All opinions, figures, charts/graphs, estimates and data included in this presentation are as on date and are subject to change without notice.
While utmost care has been exercised while preparing this document, Motilal Oswal Asset Management Company Limited does not warrant the completeness or accuracy of the information
and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-
looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this presentation. No part of this document
may be duplicated in whole or in part in any form and/or redistributed without prior written consent of the Motilal Oswal Mutual Fund/Motilal Oswal Asset Management Company Limited.
Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice.
Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Trustee: Motilal Oswal Trustee Company Limited. Investment
Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd.
Scheme Classification : Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund), an open ended gilt scheme Investment Objective: The primary investment objective of the
Scheme is to generate credit risk-free returns by investing in a portfolio of securities issued by the Central Government and State Government. Asset Allocation: 10 yr Benchmark
Government Security: 90%-100%; Other Government Securities (7 to 12 years), T-Bills, Cash Management Bills, CBLO & Repo: 0-10%. Load: Entry Load: Nil Exit Load: 0.50% for exit
within 3 months Terms of Issue: Minimum Application Amount: During NFO& ongoing basis: Rs. 10,000/- and in multiples of Re. 1/-thereafter. Face Value & Issue Price: Offer of units
of Rs. 10/- per unit during the New Fund Offer and at NAV based prices on ongoing basis. Investor Benefits and General Services: During NFO, Investors can also subscribe to the units
through the mutual fund trading platforms viz. BSE StAR MF of Bombay Stock Exchange Limited (BSE) and Mutual Fund Service System (MFSS) of NSE. The AMC will calculate and publish the
first NAV of the Scheme not later than 30 days from the closure of the NFO. Subsequently, the NAVs will be calculated and disclosed at the close of every Business Day. Risk Factors: (1) All
the Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Scheme’s objectives will be achieved (2) As the price / value /
interest rates of the securities in which the Scheme invests fluctuates, the Net Asset Value (NAV) of units issued under the Scheme may go up or down depending upon the factors
and forces affecting the securities market (3) Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance of the Scheme and
may not provide a basis of comparison with other investments (4) Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund )is the name of the Scheme and does not in any
manner indicate either the quality of the Scheme, its future prospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment
Advisor before they invest in the Scheme (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial
contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund (6) The present Scheme is not a guaranteed or assured return Scheme. Scheme Specific
Risk Factors: The 10 yr Benchmark Government Bond is the most liquid security in the entire Government Bond market, presently it alone constitutes about 80%-90% of the entire
volume of the Government Bond market. The 10 yr Benchmark however changes every year as there is a new 10 yr Benchmark Government Bond issued by the RBI as the existing
one becomes a 9 yr residual maturity paper, hence the market exits from the existing paper and the focus shifts to the new 10 yr Benchmark Government Bond. For further Scheme
Specific Risk Factors & other details, Please read the Scheme Information Document (SID) & Statement of Additional Information (SAI) carefully before investing. A copy of SID, SAI
and KIM alongwith the application form are available at the office of the AMC, R&T, Distributors, or can be downloaded from www.motilaloswal.com/assetmanagement and
www.mostshares.com Investors can also contact us on our toll free number 1800-200-6626 or send email at mfservice@motilaloswal.com
10

12. Funds
Call: 1800-200-6626 I SMS: GILT to 575753
E-mail: mfservice@motilaloswal.com
Website: www.motilaloswal.com/assetmanagement
Website: www.mostshares.com