Motilal Oswal Nifty MidSmall Financial Services Index Fund
- NAV as on 25 Sep 2026
- ₹13.99-0.53%1 day
- Return since launch
- 18.8%
- 52-week range
- ₹11.66 — ₹14.96
- AUM
- ₹125 Cr
Motilal Oswal Nifty MidSmall Financial Services Index Fund is a Sectoral-Banking equity fund from Motilal Oswal Mutual Fund with ₹125 Cr under management, launched in 2024. The expense ratio is 1.21% 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 +20.0% 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 | 7.4% | +4.0 pts | 3.4% | -3.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -6.4% | −1.4 pts | -5.0% | -3.9% |
| 3M | -2.5% | +1.0 pts | -3.5% | -3.4% |
| 6M | 14.8% | +7.4 pts | 7.4% | 7.3% |
| 1Y | 20.0% | +16.6 pts | 3.4% | 2.0% |
Since launch (29 Oct 2024): 18.8%
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
1.21%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.29%
- 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 31 Aug 2026
Asset allocation
- Equity100.1%
Market cap split
- Large18.7%
- Mid66.0%
- Small15.3%
- P/E
- 15.98
- P/B
- 2.46
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| BSE Ltd. | Services | 11.45% | ₹14.31 Cr | +15.55% | +10.42% | +10.01% |
| The Federal Bank Ltd. | Financial | 7.48% | ₹9.35 Cr | +6.53% | +6.95% | +5.52% |
| Multi Commodity Exchange Of India Ltd. | Services | 7.40% | ₹9.25 Cr | +6.92% | +5.87% | +4.42% |
| One97 Communications Ltd. | Services | 6.17% | ₹7.71 Cr | +4.32% | +4.20% | +4.94% |
| Indusind Bank Ltd. | Financial | 5.71% | ₹7.14 Cr | +5.53% | +5.94% | — |
| PB Fintech Ltd. | Services | 5.54% | ₹6.92 Cr | +5.32% | +4.76% | +6.89% |
| AU Small Finance Bank Ltd. | Financial | 5.25% | ₹6.56 Cr | +5.11% | +5.10% | +4.73% |
| IDFC First Bank Ltd. | Financial | 4.87% | ₹6.09 Cr | +4.34% | +4.58% | +5.27% |
| Life Insurance Corporation of India | Insurance | 4.53% | ₹5.66 Cr | +1.68% | — | — |
| Max Financial Services Ltd. | Financial | 3.56% | ₹4.45 Cr | +4.08% | +4.50% | +4.95% |
| Yes Bank Ltd. | Financial | 3.42% | ₹4.28 Cr | +3.73% | +3.43% | +4.23% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 3.25% | ₹4.06 Cr | +3.99% | — | — |
| Aditya Birla Capital Ltd. | Financial | 2.88% | ₹3.60 Cr | +2.75% | +2.49% | +2.33% |
| Indian Bank | Financial | 2.70% | ₹3.38 Cr | +2.70% | +3.30% | +2.71% |
| 360 One Wam Ltd. | Financial | 2.60% | ₹3.25 Cr | +2.63% | +2.64% | — |
| L&T Finance Ltd. | Financial | 2.34% | ₹2.92 Cr | +2.24% | +2.19% | +2.05% |
| Central Depository Services (India) Ltd. | Financial | 2.13% | ₹2.67 Cr | +2.04% | +2.14% | +2.98% |
| RBL Bank Ltd. | Financial | 2.01% | ₹2.51 Cr | +1.91% | +1.81% | +1.82% |
| PNB Housing Finance Ltd. | Financial | 1.84% | ₹2.30 Cr | +1.78% | +1.46% | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.74% | ₹2.18 Cr | +1.82% | +2.42% | — |
| SBI Cards And Payment Services Ltd. | Financial | 1.63% | ₹2.04 Cr | +1.72% | +2.19% | +2.82% |
| Computer Age Management Services Ltd. | Services | 1.60% | ₹2.01 Cr | +1.75% | +1.53% | +2.08% |
| Angel One Ltd. | Financial | 1.59% | ₹1.99 Cr | +2.00% | +1.42% | +1.51% |
| Manappuram Finance Ltd. | Financial | 1.59% | ₹1.99 Cr | +1.64% | +1.46% | +1.68% |
| Bank of India | Financial | 1.47% | ₹1.84 Cr | +1.56% | +2.02% | +1.57% |
| LIC Housing Finance Ltd. | Financial | 1.38% | ₹1.73 Cr | +1.47% | +1.52% | +1.96% |
| Bandhan Bank Ltd. | Financial | 1.27% | ₹1.59 Cr | +1.70% | +1.51% | +1.61% |
| KFin Technologies Ltd. | Financial | 1.11% | ₹1.38 Cr | +1.05% | — | — |
| Indian Energy Exchange Ltd. | Services | 0.82% | ₹1.02 Cr | +0.94% | +0.94% | +1.24% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.78% | ₹0.97 Cr | +0.94% | +0.88% | +1.20% |
| Others | Others | -0.11% | ₹-0.15 Cr | +0.18% | +0.60% | +0.40% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Life Insurance Corporation of India | 1.71% | 4.53% | +2.82% |
| BSE Ltd. | 13.50% | 11.45% | -2.05% |
| Multi Commodity Exchange Of India Ltd. | 6.22% | 7.40% | +1.18% |
| One97 Communications Ltd. | 5.12% | 6.17% | +1.05% |
| The Federal Bank Ltd. | 8.01% | 7.48% | -0.53% |
| PB Fintech Ltd. | 5.02% | 5.54% | +0.52% |
| ICICI Lombard General Insurance Company Ltd. | 3.58% | 3.25% | -0.33% |
| Indusind Bank Ltd. | 6.04% | 5.71% | -0.33% |
| Others | -0.19% | -0.49% | -0.30% |
| Manappuram Finance Ltd. | 1.85% | 1.59% | -0.26% |
| IDFC First Bank Ltd. | 5.09% | 4.87% | -0.22% |
| Yes Bank Ltd. | 3.62% | 3.42% | -0.20% |
| Bandhan Bank Ltd. | 1.44% | 1.27% | -0.17% |
| Angel One Ltd. | 1.75% | 1.59% | -0.16% |
| Aditya Birla Capital Ltd. | 3.02% | 2.88% | -0.14% |
| SBI Cards And Payment Services Ltd. | 1.77% | 1.63% | -0.14% |
| Indian Energy Exchange Ltd. | 0.95% | 0.82% | -0.13% |
| Computer Age Management Services Ltd. | 1.73% | 1.60% | -0.13% |
| AU Small Finance Bank Ltd. | 5.37% | 5.25% | -0.12% |
| ICICI Prudential Life Insurance Company Ltd. | 1.85% | 1.74% | -0.11% |
| Housing & Urban Development Corporation Ltd. | 0.89% | 0.78% | -0.11% |
| RBL Bank Ltd. | 2.10% | 2.01% | -0.09% |
| L&T Finance Ltd. | 2.41% | 2.34% | -0.07% |
| 360 One Wam Ltd. | 2.67% | 2.60% | -0.07% |
| Bank of India | 1.52% | 1.47% | -0.05% |
| LIC Housing Finance Ltd. | 1.43% | 1.38% | -0.05% |
| PNB Housing Finance Ltd. | 1.79% | 1.84% | +0.05% |
| Max Financial Services Ltd. | 3.60% | 3.56% | -0.04% |
| KFin Technologies Ltd. | 1.14% | 1.11% | -0.03% |
| Central Depository Services (India) Ltd. | 2.15% | 2.13% | -0.02% |
| Indian Bank | 2.68% | 2.70% | +0.02% |
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, 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 months14.78% absolute | ₹60,000 | ₹68,868 | 14.78% | |
| 1 year19.99% annualised | ₹1,20,000 | ₹1,33,821 | 11.52% |
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.