Motilal Oswal Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 25-02-2025
₹ 17.91
1D
Inception Returns
11.3%
/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 ₹586 Cr worth of assets under management (AUM) as on Jan 2025 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 11.26% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.56%, 12.01% and 10.04% 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, Kotak Mahindra Bank Ltd, State Bank of India, Axis 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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1985 people have invested ₹ 1Cr 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
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Motilal Oswal Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.33% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹586 Cr |
| Inception Date | 6 September, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 16.51% |
| STCG | Selling mutual fund 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-Jan-25)
Large cap
91.4%
Mid cap
8.7%
Sector Allocation
Financial Services
100%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 585.7 Cr as of Jan'25
- AUM decreased by 18.1 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 8.81% to 9.62%
IndusInd Bank Ltd's allocation increased from 4.52% to 4.78%
AU Small Finance Bank Ltd's allocation increased from 2.23% to 2.46%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 28.13 % to 27.64 %
State Bank of India's allocation decreased from 8.46 % to 8.43 %
Axis Bank Ltd's allocation decreased from 8.55 % to 8.12 %
Large Cap allocation has gone down from 91.6% to 91.4%
Mid Cap allocation has gone up from 8.5% to 8.7%
Cash allocation has gone up from -0.1% to -0.1%
Top Sector in January was Financial Services
Jan'25
Financial Services
100%
Dec'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 IndusInd Bank Ltd | 9.8% |
 Kotak Mahindra Bank Ltd | 3.5% |
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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
₹94.01K Cr
as on 31-Jan-2025
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
Over the last 1 month, this fund has experienced a 3.0% drop in AUM moving from 603.83 Cr to 585.68 Cr.
In the last 5 years, Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth has given 23.56% return, outperforming this fund by 13.52% per annum.
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.43%.
In the last 1 year, Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth has given 8.87% return, outperforming this fund by 4.31%.
In the last 3 years, Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth has given 22.71% return, outperforming this fund by 10.7% per annum.
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 11.26% since inception which is more than its category average return of 6.4%
Fund Allocations
This fund has an allocation of 100.07% in Equity, 0% in Debt and -0.07% in Cash related instruments
AUM size ₹586 Cr
This fund has AUM of ₹586 Cr which is less than its category average of ₹ 782 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 ₹17.91 as on 25-Feb-2025.
Existing (Absolute + CAGR) as on 25-Feb-2025.
Motilal Oswal Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | -4.56% | -4.56% |
1 Year Returns | 4.56% | 4.56% |
3 Years Returns | 40.52% | 12.01% |
5 Years Returns | 61.35% | 10.04% |
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 January 2025
₹586 Cr as on January 2025
HDFC Bank Ltd(27.64%), ICICI Bank Ltd(25.07%), Kotak Mahindra Bank Ltd(9.62%), State Bank of India(8.43%), Axis Bank Ltd(8.12%) as on January 2025
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 | -0.28 | -0.26 | -0.38 |
As on January 2025
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 | 0.99 | 1 | 0.99 |
As on January 2025
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 | 0.17 | 0.3 | 0.31 |
As on January 2025
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 | 10.53 | 14.55 | 26.62 |
As on January 2025
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 0.51 as on January 2025. 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%