Motilal Oswal Mutual Fund's MOSt Shares M50 ETF, India's 1st fundamentally weighted ETF based on Nifty was listed on the National Stock Exchange (NSE) on July 30, 2010. The new fund offer (NFO), which was open for subscription from June 30, 2010 till July 19, 2010, raised over Rs 235 crores, making it the largest amount raised by any equity ETF NFO in the past 5 years.