Motilal Oswal Nifty Bank Index Fund
The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error.
Growthvine rating: 3/5 — ranked #83 of 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹19.26 (as of 2026-10-01) |
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| AUM | ₹673 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Swapnil P Mayekar |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 7.66% |
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| Sharpe ratio | 0.28 |
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| Standard deviation | 16.52% |
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| Max drawdown | −46.93% |
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| Alpha | -1.6 |
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| Beta | 1.03 |
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Market cap allocation
| Large cap | 74.6% |
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| Mid cap | 25.4% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 61.2% |
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| Top 10 holdings | 86.8% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 17.0%
- ICICI Bank Ltd. — 14.9%
- State Bank Of India — 10.3%
- Kotak Mahindra Bank Ltd. — 9.9%
- AXIS Bank Ltd. — 9.2%
- Federal Bank Ltd. — 7.2%
- IndusInd Bank Ltd. — 5.4%
- AU Small Finance Bank Limited — 4.8%
- IDFC FIRST BANK LIMITED — 4.7%
- Bank Of Baroda — 3.5%
Top sectors
- Banking & Financial — 100.0%
- Cash — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −8.8% | — | — |
| 2025 | 16.9% | — | — |
| 2024 | 5.2% | — | — |
| 2023 | 12.2% | — | — |
| 2022 | 20.9% | — | — |