Motilal Oswal Nifty MidSmall Financial Services Index Fund
- NAV as on 6 Nov 2026
- ₹13.87+0.63%1 day
- Return since launch
- 17.1%
- 52-week range
- ₹11.75 — ₹14.96
- AUM
- ₹118 Cr
Motilal Oswal Nifty MidSmall Financial Services Index Fund is a Sectoral-Banking equity fund from Motilal Oswal Mutual Fund with ₹118 Cr under management, launched in 2024. The expense ratio is 1.29% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Nifty MidSmall Financial Services Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.6% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.9% | +0.1 pts | 1.8% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.6% | −4.6 pts | 6.2% | 6.4% |
| 3M | -4.1% | −4.9 pts | 0.8% | 1.6% |
| 6M | -4.2% | −7.0 pts | 2.8% | 6.2% |
| 1Y | 5.6% | +3.8 pts | 1.8% | 1.6% |
Since launch (29 Oct 2024): 17.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 29.9% | +11.3 pts | 18.6% |
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
1.26%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.03%
- Transaction charges
- 0.01%
- Statutory levies
- 0.32%
- 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 MidSmall Financial Services 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 MidSmall Financial Services Index Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity100.0%
Market cap split
- Large7.9%
- Mid77.1%
- Small15.0%
- P/E
- 19.17
- P/B
- 2.22
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | Services | 8.52% | ₹10.06 Cr | +6.68% | +6.81% | +3.05% |
| The Federal Bank Ltd. | Financial | 7.93% | ₹9.37 Cr | +7.51% | +7.14% | +3.63% |
| One 97 Communications Ltd. | Services | 7.31% | ₹8.63 Cr | +4.44% | +4.51% | +3.16% |
| Indusind Bank Ltd. | Financial | 6.01% | ₹7.09 Cr | +5.62% | +5.54% | +3.71% |
| AU Small Finance Bank Ltd. | Financial | 5.94% | ₹7.02 Cr | +5.42% | +5.33% | +3.15% |
| IDFC First Bank Ltd. | Financial | 5.47% | ₹6.46 Cr | +4.87% | +4.36% | +3.53% |
| Life Insurance Corporation of India | Insurance | 5.07% | ₹5.99 Cr | +1.77% | +1.80% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 3.92% | ₹4.63 Cr | +3.91% | +4.64% | — |
| PB Fintech Ltd. | Services | 3.82% | ₹4.51 Cr | +5.20% | +5.44% | +4.40% |
| REC Ltd. | Financial | 3.78% | ₹4.46 Cr | — | — | — |
| Yes Bank Ltd. | Financial | 3.72% | ₹4.40 Cr | +3.92% | +3.39% | +3.20% |
| Max Financial Services Ltd. | Financial | 3.69% | ₹4.35 Cr | +3.88% | +4.42% | +3.18% |
| Aditya Birla Capital Ltd. | Financial | 3.28% | ₹3.87 Cr | +2.98% | +2.69% | +1.71% |
| Indian Bank | Financial | 2.88% | ₹3.40 Cr | +2.66% | +3.34% | +2.03% |
| 360 One Wam Ltd. | Financial | 2.74% | ₹3.23 Cr | +2.57% | +2.76% | +1.81% |
| L&T Finance Ltd. | Financial | 2.29% | ₹2.70 Cr | +2.45% | +2.29% | +1.56% |
| Central Depository Services (India) Ltd. | Financial | 2.28% | ₹2.69 Cr | +2.15% | +2.23% | +1.99% |
| PNB Housing Finance Ltd. | Financial | 2.13% | ₹2.52 Cr | +1.80% | +1.59% | +1.24% |
| Nippon Life India Asset Management Ltd. | Financial | 1.95% | ₹2.31 Cr | — | — | — |
| Angel One Ltd. | Financial | 1.81% | ₹2.14 Cr | +1.98% | +1.65% | +1.05% |
| Bandhan Bank Ltd. | Financial | 1.78% | ₹2.10 Cr | +1.72% | +1.41% | +1.08% |
| ICICI Life Insurance Ltd. | Insurance | 1.78% | ₹2.10 Cr | +1.78% | +2.24% | +1.79% |
| Manappuram Finance Ltd. | Financial | 1.75% | ₹2.07 Cr | +1.64% | +1.54% | +1.18% |
| SBI Cards And Payment Services Ltd. | Financial | 1.74% | ₹2.05 Cr | +1.62% | +2.13% | +2.01% |
| Computer Age Management Services Ltd. | Services | 1.63% | ₹1.93 Cr | +1.77% | +1.68% | +1.38% |
| LIC Housing Finance Ltd. | Financial | 1.61% | ₹1.90 Cr | +1.57% | +1.66% | +1.30% |
| Bank of India | Financial | 1.60% | ₹1.88 Cr | +1.58% | +1.86% | +1.15% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.60% | ₹1.89 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 1.14% | ₹1.34 Cr | +1.09% | +1.31% | — |
| Indian Energy Exchange Ltd. | Services | 0.86% | ₹1.02 Cr | +0.92% | +1.02% | +0.85% |
| Others | Others | -0.03% | ₹-0.03 Cr | +1.06% | +1.88% | +58.93% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| BSE Ltd. | 11.45% | 0.00% | -11.45% |
| REC Ltd. | 0.00% | 3.78% | +3.78% |
| RBL Bank Ltd. | 2.01% | 0.00% | -2.01% |
| Nippon Life India Asset Management Ltd. | 0.00% | 1.95% | +1.95% |
| PB Fintech Ltd. | 5.54% | 3.82% | -1.72% |
| Motilal Oswal Financial Services Ltd. | 0.00% | 1.60% | +1.60% |
| One 97 Communications Ltd. | 6.17% | 7.31% | +1.14% |
| Multi Commodity Exchange Of India Ltd. | 7.40% | 8.52% | +1.12% |
| Housing & Urban Development Corporation Ltd. | 0.78% | 0.00% | -0.78% |
| Others | -0.49% | -1.21% | -0.72% |
| AU Small Finance Bank Ltd. | 5.25% | 5.94% | +0.69% |
| ICICI Lombard General Insurance Company Ltd. | 3.25% | 3.92% | +0.67% |
| IDFC First Bank Ltd. | 4.87% | 5.47% | +0.60% |
| Life Insurance Corporation of India | 4.53% | 5.07% | +0.54% |
| Bandhan Bank Ltd. | 1.27% | 1.78% | +0.51% |
| The Federal Bank Ltd. | 7.48% | 7.93% | +0.45% |
| Aditya Birla Capital Ltd. | 2.88% | 3.28% | +0.40% |
| Yes Bank Ltd. | 3.42% | 3.72% | +0.30% |
| Indusind Bank Ltd. | 5.71% | 6.01% | +0.30% |
| PNB Housing Finance Ltd. | 1.84% | 2.13% | +0.29% |
| LIC Housing Finance Ltd. | 1.38% | 1.61% | +0.23% |
| Angel One Ltd. | 1.59% | 1.81% | +0.22% |
| Indian Bank | 2.70% | 2.88% | +0.18% |
| Manappuram Finance Ltd. | 1.59% | 1.75% | +0.16% |
| Central Depository Services (India) Ltd. | 2.13% | 2.28% | +0.15% |
| 360 One Wam Ltd. | 2.60% | 2.74% | +0.14% |
| Bank of India | 1.47% | 1.60% | +0.13% |
| Max Financial Services Ltd. | 3.56% | 3.69% | +0.13% |
| SBI Cards And Payment Services Ltd. | 1.63% | 1.74% | +0.11% |
| L&T Finance Ltd. | 2.34% | 2.29% | -0.05% |
| ICICI Life Insurance Ltd. | 1.74% | 1.78% | +0.04% |
| Indian Energy Exchange Ltd. | 0.82% | 0.86% | +0.04% |
| Computer Age Management Services Ltd. | 1.60% | 1.63% | +0.03% |
| KFin Technologies Ltd. | 1.11% | 1.14% | +0.03% |
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 | ₹2,911 Cr | 2.17% | 6.1% | 10.4% | 13.4% |
 SBI Banking & Financial Services Fund | ₹10,420 Cr | 2.16% | 5.2% | 9.9% | 13.4% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.1% | 10.5% | 14.7% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 9.0% | 9.5% | 12.1% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 6.8% | 12.1% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 2.3% | 10.2% | — |
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 MidSmall Financial Services 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 months−4.16% absolute | ₹60,000 | ₹57,504 | −4.16% | |
| 1 year5.60% annualised | ₹1,20,000 | ₹1,23,703 | 3.09% |
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.