Motilal Oswal Nifty India Defence Index Fund
- NAV as on 25 Sep 2026
- ₹12.14+0.42%1 day
- Return since launch
- 6.0%
- 52-week range
- ₹9.35 — ₹12.91
- AUM
- ₹5,529 Cr
Motilal Oswal Nifty India Defence Index Fund is a Thematic equity fund from Motilal Oswal Mutual Fund with ₹5,529 Cr under management, launched in 2024. The expense ratio is 1.14% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Nifty India Defence Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +17.6% against -4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 21.7% | +18.0 pts | 3.8% | -3.6% |
| 2Y | 22.8% | +18.5 pts | 4.3% | -3.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.6% | +0.4 pts | -4.0% | -3.9% |
| 3M | 0.1% | −0.3 pts | 0.3% | -0.9% |
| 6M | 26.2% | +12.1 pts | 14.1% | 10.5% |
| 1Y | 17.6% | +13.9 pts | 3.8% | -4.6% |
| 2Y | 17.9% | +19.5 pts | -1.6% | -7.8% |
Since launch (13 Jun 2024): 6.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 18.7% | +15.7 pts | 3.0% |
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
1.12%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load of 1%, if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty India Defence 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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Motilal Oswal Nifty India Defence Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.1%
Market cap split
- Large53.0%
- Mid24.7%
- Small22.3%
- P/E
- 52.74
- P/B
- 10.80
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | Capital Goods | 21.42% | ₹1,184 Cr | +19.47% | +16.96% | +21.15% |
| Bharat Electronics Ltd. | Capital Goods | 19.53% | ₹1,080 Cr | +16.38% | +21.32% | +21.28% |
| Bharat Forge Ltd. | Automobile | 13.93% | ₹770 Cr | +15.06% | +17.41% | — |
| Solar Industries India Ltd. | Chemicals | 12.16% | ₹672 Cr | +12.83% | +11.24% | +14.86% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 4.68% | ₹259 Cr | +5.39% | +5.77% | +8.74% |
| MTAR Technologies Ltd. | Capital Goods | 3.75% | ₹207 Cr | +4.87% | +2.75% | +1.30% |
| Astra Microwave Products Ltd. | Communication | 3.50% | ₹194 Cr | +3.42% | +2.80% | +3.83% |
| Data Patterns (India) Ltd. | Capital Goods | 3.39% | ₹187 Cr | +3.46% | +3.25% | +3.15% |
| Cochin Shipyard Ltd. | Capital Goods | 3.17% | ₹175 Cr | +3.59% | +4.31% | +6.02% |
| Bharat Dynamics Ltd. | Capital Goods | 2.92% | ₹161 Cr | +3.21% | +3.98% | +5.85% |
| Zen Technologies Ltd. | Technology | 2.04% | ₹113 Cr | +2.22% | +2.14% | +2.94% |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 1.87% | ₹103 Cr | +2.24% | +2.44% | +3.05% |
| BEML Ltd. | Capital Goods | 1.84% | ₹102 Cr | +1.90% | +2.20% | +3.25% |
| Apollo Micro Systems Ltd. | Capital Goods | 1.55% | ₹85.66 Cr | +1.57% | — | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 1.26% | ₹69.86 Cr | +0.84% | +0.77% | +1.00% |
| Dynamatic Technologies Ltd. | Automobile | 1.17% | ₹64.46 Cr | +1.25% | +1.34% | +1.11% |
| Axiscades Technologies Ltd. | Technology | 0.74% | ₹41.05 Cr | +0.96% | — | — |
| Aequs Ltd. | Technology | 0.70% | ₹38.57 Cr | +0.45% | — | — |
| Mishra Dhatu Nigam Ltd. | Metals & Mining | 0.50% | ₹27.77 Cr | +0.59% | +0.58% | +0.78% |
| Others | Others | -0.12% | ₹-6.52 Cr | +0.22% | +0.65% | +0.44% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharat Forge Ltd. | 15.16% | 13.93% | -1.23% |
| Solar Industries India Ltd. | 11.58% | 12.16% | +0.58% |
| Astra Microwave Products Ltd. | 4.07% | 3.50% | -0.57% |
| MTAR Technologies Ltd. | 3.18% | 3.75% | +0.57% |
| Bharat Electronics Ltd. | 19.02% | 19.53% | +0.51% |
| Others | -0.20% | -0.39% | -0.19% |
| Hindustan Aeronautics Ltd. | 21.57% | 21.42% | -0.15% |
| Dynamatic Technologies Ltd. | 1.05% | 1.17% | +0.12% |
| BEML Ltd. | 1.73% | 1.84% | +0.11% |
| Paras Defence And Space Technologies Ltd. | 1.15% | 1.26% | +0.11% |
| Zen Technologies Ltd. | 1.94% | 2.04% | +0.10% |
| Garden Reach Shipbuilders & Engineers Ltd. | 1.97% | 1.87% | -0.10% |
| Apollo Micro Systems Ltd. | 1.63% | 1.55% | -0.08% |
| Bharat Dynamics Ltd. | 2.99% | 2.92% | -0.07% |
| Cochin Shipyard Ltd. | 3.11% | 3.17% | +0.06% |
| Data Patterns (India) Ltd. | 3.34% | 3.39% | +0.05% |
| Axiscades Technologies Ltd. | 0.72% | 0.74% | +0.02% |
| Aequs Ltd. | 0.68% | 0.70% | +0.02% |
| Mazagon Dock Shipbuilders Ltd. | 4.68% | 4.68% | 0.00% |
| Mishra Dhatu Nigam Ltd. | 0.50% | 0.50% | 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 | ₹3,954 Cr | 2.14% | 16.7% | 14.3% | 14.2% |
 HDFC Defence Fund | ₹11,478 Cr | 1.80% | 33.8% | 26.8% | — |
 ICICI Prudential Commodities Fund | ₹4,277 Cr | 1.96% | 5.5% | 10.3% | 14.6% |
| ICICI Prudential Exports and Services Fund | ₹1,549 Cr | 2.29% | 0.9% | 6.5% | 12.4% |
 SBI Comma Fund | ₹1,237 Cr | 2.28% | 7.6% | 10.2% | 13.0% |
 Edelweiss Recently Listed IPO Fund | ₹1,230 Cr | 2.36% | 35.7% | 17.4% | 16.7% |
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, before expenses, correspond to the total returns of the securities as represented by Nifty India Defence Total Return 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 months26.22% absolute | ₹60,000 | ₹75,732 | 26.22% | |
| 1 year17.62% annualised | ₹1,20,000 | ₹1,32,093 | 10.08% |
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.