Motilal Oswal Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 22-11-2024
₹ 18.85
1D
Inception Returns
12.6%
/yr
About Motilal Oswal Nifty Bank Index Fund Direct Growth
Motilal Oswal Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 6 September, 2019. The fund is managed by Swapnil Mayekar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Motilal Oswal Nifty Bank Index Fund Direct Growth has ₹608 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Motilal Oswal Nifty Bank Index Fund Direct Growth has given a CAGR return of 12.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.96%, 10.49% and 10.11% respectively.
Holdings
Motilal Oswal Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Motilal Oswal Nifty Bank Index Fund Direct Growth
The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Motilal Oswal Nifty Bank Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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1906 people have invested ₹ 82.2L in Motilal Oswal Nifty Bank Index Fund Direct Growth in the last three months
INDmoney Rank for Motilal Oswal Nifty Bank Index Fund Direct Growth
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Motilal Oswal Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.33% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹608 Cr |
| Inception Date | 6 September, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 16.51% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Oct-24)
Large cap
92.4%
Mid cap
7.7%
Sector Allocation
Financial Services
100%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -2.83% whereas the fund’s underlying benchmark Nifty Bank returns stands at -6.17% as on Oct'24
- This fund outperformed Nifty Bank by 3.34% in Oct'24
- AUM of the fund stands at 607.6 Cr as of Oct'24
- AUM decreased by 13.3 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 23.85% to 24.68%
IDFC First Bank Ltd's allocation increased from 2% to 2.63%
HDFC Bank Ltd's allocation increased from 28.14% to 28.75%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 9.34 % to 8.96 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.39 % to 8.94 %
IndusInd Bank Ltd's allocation decreased from 5.69 % to 4.23 %
Large Cap allocation has gone down from 92.8% to 92.4%
Mid Cap allocation has gone up from 7.3% to 7.7%
Cash allocation has gone up from -0.2% to -0.1%
Top Sector in October was Financial Services
Oct'24
Financial Services
100%
Sep'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
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Swapnil Mayekar
Fund Manager of Motilal Oswal Nifty Bank Index Fund Direct Growth, since 6 September 2019
Top funds managed
Fund House
Motilal Oswal Asset Management Company Limited - Portfolio Managers
Total Schemes
Total AUM
₹75.41K Cr
as on 31-Oct-2024
Address
Motilal Oswal Asset Management Company Limited,Motilal Oswal Tower,,Plot#1043 TPS-IV,Gokhale Road South (behind Parel ST. Depot),,Prabhadevi,
Phone
+912239804263
Website
mfservice@motilaloswal.com
Mutual Fund Insights
This fund with AUM at ₹607.57Cr is among the largest funds in the index funds category.
In the last 3 years, this fund has outperformed all funds in its category.
Over the last 1 month, this fund has experienced a 2.1% drop in AUM moving from 620.84 Cr to 607.58 Cr.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.55%.
In the last 5 years, this fund has outperformed all funds in its category.
In the last 1 year, Navi Nifty Bank Index Fund Direct Growth has given 16.08% return, outperforming this fund by 0.12%.
Motilal Oswal Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.61% since inception which is less than its category average return of 13.66%
Fund Allocations
This fund has an allocation of 100.13% in Equity, 0% in Debt and -0.13% in Cash related instruments
AUM size ₹608 Cr
This fund has AUM of ₹608 Cr which is less than its category average of ₹ 820 Cr
Expense Ratio 0.33%
This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Motilal Oswal Nifty Bank Index Fund Direct Growth
The current NAV of Motilal Oswal Nifty Bank Index Fund Direct Growth is ₹18.85 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Motilal Oswal Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.05% | -3.05% |
6 Month Returns | 5.24% | 5.24% |
1 Year Returns | 15.96% | 15.96% |
3 Years Returns | 34.88% | 10.49% |
5 Years Returns | 61.84% | 10.11% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.33% as on October 2024
₹608 Cr as on October 2024
HDFC Bank Ltd(28.75%), ICICI Bank Ltd(24.68%), State Bank of India(10.13%), Axis Bank Ltd(8.96%), Kotak Mahindra Bank Ltd(8.94%) as on October 2024
The alpha ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | -0.29 | -0.29 | -0.43 |
As on October 2024
The alpha for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated against IISL Nifty Bank TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 1 | 1 | 0.99 |
As on October 2024
The Beta for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 0.95 | 0.32 | 0.36 |
As on October 2024
The sharpe ratio for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 13.69 | 15.8 | 26.74 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.52 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Swapnil Mayekar is the fund manager of Motilal Oswal Nifty Bank Index Fund Direct Growth
The Exit load of Motilal Oswal Nifty Bank Index Fund Direct Growth is 1%