Motilal Oswal BSE Financials ex Bank 30 Index Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹16.61-0.25%1 day
- Return since launch
- 12.9%
- 52-week range
- ₹14.92 — ₹18.18
- AUM
- ₹32.74 Cr
Motilal Oswal BSE Financials ex Bank 30 Index Fund is a Sectoral-Banking equity fund from Motilal Oswal Mutual Fund with ₹32.74 Cr under management, launched in 2022. Over three years it has returned 5.3% a year, against 10.8% for its category. The expense ratio is 1.14% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal BSE Financials ex Bank 30 Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.5% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -6.2% | −9.6 pts | 3.4% | -3.7% |
| 2Y | 1.6% | −0.8 pts | 2.4% | 2.0% |
| 3Y | 5.3% | −5.5 pts | 10.8% | 4.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -8.4% | −3.4 pts | -5.0% | -3.9% |
| 3M | -2.2% | +1.3 pts | -3.5% | -3.4% |
| 6M | 7.1% | −0.3 pts | 7.4% | 7.3% |
| 1Y | -0.5% | −4.0 pts | 3.4% | 2.0% |
| 2Y | -0.1% | −1.5 pts | 1.4% | 1.2% |
| 3Y | 11.3% | +0.5 pts | 10.8% | 9.3% |
Since launch (14 Jul 2022): 12.9%
Calendar-year returns
Category average31.5%
12.3%
21.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 21.9% | +3.3 pts | 18.6% |
| 2024 | 12.3% | +0.4 pts | 12.0% |
| 2023 | 31.5% | +10.1 pts | 21.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.11%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load-1%- If redeemed within 15 days from the date of allotment.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE Financials ex Bank 30 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.36 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.94 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.60 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.74 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.00 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Motilal Oswal BSE Financials ex Bank 30 Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.9%
- Other1.1%
Market cap split
- Large65.0%
- Mid34.1%
- Small1.0%
- P/E
- 18.28
- P/B
- 3.02
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Bajaj Finance Ltd. | Financial | 15.84% | ₹5.19 Cr | +14.35% | +14.68% | +14.69% |
| Shriram Finance Ltd | Financial | 11.21% | ₹3.67 Cr | +8.83% | +9.56% | +5.89% |
| Bajaj Finserv Ltd. | Financial | 6.66% | ₹2.18 Cr | +6.69% | +7.29% | +7.56% |
| Multi Commodity Exchange Of India Ltd. | Services | 5.09% | ₹1.67 Cr | +5.04% | +3.96% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 4.78% | ₹1.57 Cr | +4.38% | +4.63% | +4.35% |
| JIO Financial Services Ltd. | Financial | 4.74% | ₹1.55 Cr | +5.18% | +5.37% | +7.50% |
| SBI Life Insurance Company Ltd. | Insurance | 4.63% | ₹1.52 Cr | +5.53% | +5.84% | +5.93% |
| One97 Communications Ltd. | Services | 4.17% | ₹1.37 Cr | +3.11% | +2.81% | +2.80% |
| PB Fintech Ltd. | Services | 4.03% | ₹1.32 Cr | +3.85% | +3.17% | +4.26% |
| HDFC Life Insurance Co Ltd. | Insurance | 3.45% | ₹1.13 Cr | +4.29% | +4.91% | +6.05% |
| HDFC Asset Management Company Ltd. | Financial | 3.04% | ₹1.00 Cr | +3.62% | +3.46% | +3.98% |
| Power Finance Corporation Ltd. | Financial | 2.96% | ₹0.97 Cr | +4.16% | +3.81% | +4.02% |
| Bajaj Holdings & Investment Ltd. | Financial | 2.84% | ₹0.93 Cr | +2.93% | +2.96% | +3.99% |
| Max Financial Services Ltd. | Financial | 2.42% | ₹0.79 Cr | +2.95% | +3.02% | +3.06% |
| REC Ltd. | Financial | 2.29% | ₹0.75 Cr | +2.80% | +2.76% | +3.16% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 2.24% | ₹0.74 Cr | +2.93% | +2.89% | +3.19% |
| Aditya Birla Capital Ltd. | Financial | 1.93% | ₹0.63 Cr | +1.98% | +1.66% | +1.43% |
| Muthoot Finance Ltd. | Financial | 1.91% | ₹0.62 Cr | +2.44% | +2.31% | +2.07% |
| 360 One Wam Ltd. | Financial | 1.74% | ₹0.57 Cr | +1.93% | +1.79% | +1.45% |
| Piramal Finance Ltd. | Financial | 1.62% | ₹0.53 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 1.56% | ₹0.51 Cr | +1.64% | +1.49% | +1.26% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.44% | ₹0.47 Cr | +1.33% | +1.56% | +1.23% |
| Nippon Life India Asset Management Ltd. | Financial | 1.26% | ₹0.41 Cr | +1.31% | +1.05% | +1.01% |
| Life Insurance Corporation of India | Insurance | 1.24% | ₹0.41 Cr | +1.39% | +1.02% | +1.18% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.18% | ₹0.39 Cr | +1.32% | +1.63% | +1.70% |
| SBI Cards And Payment Services Ltd. | Financial | 1.13% | ₹0.37 Cr | +1.23% | +1.46% | +1.73% |
| Others | Others | 1.08% | ₹0.35 Cr | +0.19% | +0.44% | +0.31% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.96% | ₹0.31 Cr | +1.19% | +1.21% | +1.57% |
| Poonawalla Fincorp Ltd. | Financial | 0.96% | ₹0.31 Cr | +0.90% | +0.82% | +0.90% |
| LIC Housing Finance Ltd. | Financial | 0.94% | ₹0.31 Cr | +1.06% | +1.03% | +1.22% |
| General Insurance Corporation of India | Insurance | 0.66% | ₹0.22 Cr | +0.81% | +0.77% | +0.84% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finance Ltd. | 17.09% | 15.84% | -1.25% |
| Others | -0.08% | 1.08% | +1.16% |
| Multi Commodity Exchange Of India Ltd. | 4.06% | 5.09% | +1.03% |
| One97 Communications Ltd. | 3.36% | 4.17% | +0.81% |
| Power Finance Corporation Ltd. | 3.65% | 2.96% | -0.69% |
| PB Fintech Ltd. | 3.55% | 4.03% | +0.48% |
| REC Ltd. | 2.74% | 2.29% | -0.45% |
| Shriram Finance Ltd | 10.80% | 11.21% | +0.41% |
| SBI Life Insurance Company Ltd. | 5.03% | 4.63% | -0.40% |
| JIO Financial Services Ltd. | 5.12% | 4.74% | -0.38% |
| Piramal Finance Ltd. | 1.46% | 1.62% | +0.16% |
| ICICI Lombard General Insurance Company Ltd. | 2.35% | 2.24% | -0.11% |
| Muthoot Finance Ltd. | 2.00% | 1.91% | -0.09% |
| Max Financial Services Ltd. | 2.33% | 2.42% | +0.09% |
| HDFC Asset Management Company Ltd. | 3.12% | 3.04% | -0.08% |
| Indian Railway Finance Corporation Ltd. | 1.04% | 0.96% | -0.08% |
| Bajaj Finserv Ltd. | 6.73% | 6.66% | -0.07% |
| HDFC Life Insurance Co Ltd. | 3.51% | 3.45% | -0.06% |
| 360 One Wam Ltd. | 1.69% | 1.74% | +0.05% |
| Mahindra & Mahindra Financial Services Ltd. | 1.49% | 1.44% | -0.05% |
| Life Insurance Corporation of India | 1.27% | 1.24% | -0.03% |
| Nippon Life India Asset Management Ltd. | 1.23% | 1.26% | +0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 4.76% | 4.78% | +0.02% |
| Aditya Birla Capital Ltd. | 1.95% | 1.93% | -0.02% |
| ICICI Prudential Life Insurance Company Ltd. | 1.20% | 1.18% | -0.02% |
| SBI Cards And Payment Services Ltd. | 1.15% | 1.13% | -0.02% |
| LIC Housing Finance Ltd. | 0.92% | 0.94% | +0.02% |
| General Insurance Corporation of India | 0.67% | 0.66% | -0.01% |
| L&T Finance Ltd. | 1.57% | 1.56% | -0.01% |
| Poonawalla Fincorp Ltd. | 0.97% | 0.96% | -0.01% |
| Bajaj Holdings & Investment Ltd. | 2.84% | 2.84% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -0.6% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.2% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide returns that, correspond to the total returns of the securities as represented by S&P BSE Financials ex Bank 30 Index, subject to tracking error.
Fund managers
- Dishant MehtaBachelors of Science (B.SC)Mr. Dishant Mehta has more than 11 years of experience and expertise in Financial markets across different segment -Equities, Derivatives, Commodities and Currencies
- Rakesh ShettyMr. Shetty has done B.ComPrior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
- Swapnil P MayekarMr. Mayekar is an M.Com from Mumbai University and also holds an Advanced Diploma in Business Administration from Welingkar, Mumbai.Prior to joining Motilal Oswal AMC he worked with Business Standard Limited from Aug 2005 to Feb 2010.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.08% absolute | ₹60,000 | ₹64,248 | 7.08% | |
| 1 year−0.54% annualised | ₹1,20,000 | ₹1,19,650 | −0.29% | |
| 3 years11.33% annualised | ₹3,60,000 | ₹4,30,400 | 19.56% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund?
The NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund is ₹16.61 as on 25 Sep 2026.
What is the expense ratio of Motilal Oswal BSE Financials ex Bank 30 Index Fund?
The expense ratio of Motilal Oswal BSE Financials ex Bank 30 Index Fund is 1.14% per year.
What is the minimum SIP amount for Motilal Oswal BSE Financials ex Bank 30 Index Fund?
You can start a SIP in Motilal Oswal BSE Financials ex Bank 30 Index Fund with ₹3,000 a month.
Is there a lock-in or exit load on Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Lock-in: None. Exit load: Exit load-1%- If redeemed within 15 days from the date of allotment..
How risky is Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund is managed by Motilal Oswal Mutual Fund, which runs 55 schemes with ₹1,53,489 Cr under management.