Motilal Oswal Nifty Bank Index Fund Direct Growth
EquityIndex FundsVery High Risk
Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹608 Cr
Expense Ratio
0.32%
ISIN
INF247L01890
Minimum SIP
₹500
Exit Load
1.00%
Inception Date
06 Sep 2019
About this fund
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹18.72, Assets Under Management (AUM) of 608.04 Crores, and an expense ratio of 0.32%.
- Motilal Oswal Nifty Bank Index Fund Direct Growth has given a CAGR return of 13.70% since inception.
- The fund's asset allocation comprises around 99.48% in equities, 0.00% in debts, and 0.52% in cash & cash equivalents.
- You can start investing in Motilal Oswal Nifty Bank Index Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+11.62%
— (Cat Avg.)
3 Years
+13.84%
— (Cat Avg.)
Since Inception
+13.70%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹604.89 Cr | 99.48% |
| Others | ₹3.15 Cr | 0.52% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹171.66 Cr | 28.23% |
| ICICI Bank Ltd | Equity | ₹141.89 Cr | 23.33% |
| Kotak Mahindra Bank Ltd | Equity | ₹61.46 Cr | 10.11% |
| State Bank of India | Equity | ₹61.24 Cr | 10.07% |
| Axis Bank Ltd | Equity | ₹60.46 Cr | 9.94% |
| IndusInd Bank Ltd | Equity | ₹33.43 Cr | 5.50% |
| Bank of Baroda | Equity | ₹17.68 Cr | 2.91% |
| The Federal Bank Ltd | Equity | ₹14.52 Cr | 2.39% |
| AU Small Finance Bank Ltd | Equity | ₹12.91 Cr | 2.12% |
| Punjab National Bank | Equity | ₹12.64 Cr | 2.08% |
| IDFC First Bank Ltd | Equity | ₹11.23 Cr | 1.85% |
| Bandhan Bank Ltd | Equity | ₹5.77 Cr | 0.95% |
| Net Receivables / (Payables) | Cash - Collateral | ₹2.69 Cr | 0.44% |
| Collateralized Borrowing & Lending Obligation | Cash - Collateral | ₹0.46 Cr | 0.08% |
Allocation By Market Cap (Equity)
Large Cap Stocks
92.17%
Mid Cap Stocks
7.31%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹604.89 Cr | 99.48% |
Risk & Performance Ratios
Standard Deviation
This fund
15.87%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
0.62
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Swapnil Mayekar
Since September 2019
Additional Scheme Detailsas of 30th June 2024
ISIN | INF247L01890 | Expense Ratio | 0.32% | Exit Load | 1.00% | Fund Size | ₹608 Cr | Age | 06 Sep 2019 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Bank TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Index Funds Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹494.41 Cr | 52.5% |
| ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹494.41 Cr | 51.5% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹264.53 Cr | 61.9% |
| SBI Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹517.61 Cr | 51.8% |
| DSP Nifty 50 Equal Weight Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹1558.99 Cr | 35.3% |
| SBI Nifty Smallcap 250 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹876.68 Cr | 57.0% |
| SBI Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹517.61 Cr | 52.7% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹264.53 Cr | 62.9% |
| DSP Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹1558.99 Cr | 36.0% |
| SBI Nifty Smallcap 250 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹876.68 Cr | 56.0% |
About the AMC
Total AUM
₹57,915 Cr
Address
Motilal Oswal Tower, Mumbai, 400 025
Other Funds by Motilal Oswal Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Who manages the Motilal Oswal Nifty Bank Index Fund Direct Growth?
- Swapnil Mayekar
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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