Hey good people, hope you all are safe!
I don’t understand what happened to the N100 ETF or now called MON100 ETF. There was an 90% price drop, but charts show a less than 0.20% drop in value.
Can someone help me understand what happened?
Thanks
@ccmanners
Not sure if it could be due to this.
But also i can see the record date is 18-June
Motilal Oswal NASDAQ 100 ETF has split the face value of its shares from Rs 10 to Rs 1.
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There was a face value split. As per the NSE Circular, it is effective from 17th June 2021 -
To All Members
Sub: Face Value Split – ETF of Motilal Oswal Mutual Fund
It is hereby informed that the face value of the following ETF shall be changed w.e.f. June 17, 2021.
Sr.No. Name of the Company Symbol Existing Face Value & Paid up Value (Rs.) New Face Value & Paid up Value (Re.) 1 Motilal Oswal Mutual Fund- Motilal Oswal MOSt Shares NASDAQ 100 ETF -GO N100 10 1 This circular shall be effective from June 17, 2021.
There was also an NSE circular about the name change (From N100 to MON100).
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Thanks for you quick responses. I imagine there is a couple days turn around for the split share to reflect entirely in ones account?
yes.
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Yes, it will take around 1 or 2 working days after the record date for the new shares to reflect in one’s account. As per Motilal’s website, the record date for the split is June 18th, 2021.
Zerodha support needs serious overhal. Support.zerodha.com page does not have direct link to raise a ticket. Since morning i was puzzled as in my Kite console I had 76 shares of N100 with and Today It was showing only 76 shares of MON100, When it should have been 760 after 1:10 split. Cannot raise any ticket in support. Zerodha.com as could not find relevant question. You cannot raise any ticket there. Been trying to contact customer care on phone and was waiting for more than half an hour now. It seems zerodha has forgotten how to do customer service and using tradingqna as it’s only official customer service portal.
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