Motilal Oswal Nifty Bank Index Fund Direct Growth

Motilal Oswal Nifty Bank Index Fund Direct Growth

Equity
Sectoral
High Risk
+12.90%
3Y annualised
-0.34% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 19 Jan '26
₹22.20
Min. SIP amount
₹500
Fund size
₹666.94 Cr
Expense ratio
0.24%

Return calculator

Monthly SIP
One time
Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
1 year₹60,000₹56,944
-5.09%
3 years₹1,80,000₹1,96,486
+9.16%
5 years₹3,00,000₹3,97,905
+32.63%

Holdings (14)

NameSectorInstrumentsAssets
HDFC Bank Ltd.FinancialEquity25.14%
ICICI Bank Ltd.FinancialEquity20.17%
State Bank of IndiaFinancialEquity9.63%
Axis Bank Ltd.FinancialEquity9.29%
Kotak Mahindra Bank Ltd.FinancialEquity9.23%
The Federal Bank Ltd.FinancialEquity4.31%
Indusind Bank Ltd.FinancialEquity3.69%
AU Small Finance Bank Ltd.FinancialEquity3.60%
IDFC First Bank Ltd.FinancialEquity3.59%
Bank Of BarodaFinancialEquity3.49%
Canara BankFinancialEquity3.34%
Punjab National BankFinancialEquity2.85%
Yes Bank Ltd.FinancialEquity0.87%
Union Bank of IndiaFinancialEquity0.80%
See All

Minimum investments

Min. for 1st investment
₹500
Min. for 2nd investment
₹500
Min. for SIP
₹500

Returns and rankings

Annualised returns
Absolute returns
Name1Y3Y5YAll
Fund returns+23.9%+12.9%+13.5%+13.3%
Category average (Equity Sectoral)+16.5%+14.4%+16.1%--
Rank (Equity Sectoral)101511--

Exit load, stamp duty and tax

Exit load

Exit load of 1% if redeemed within 15 days.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data

Fund management

SPM
Swapnil P Mayekar
Aug 2019 - Present
View details

Education
Mr. Mayekar is an M.Com from Mumbai University and also holds an Advanced Diploma in Business Administration from Welingkar, Mumbai.
Experience
Prior to joining Motilal Oswal AMC he worked with Business Standard Limited from Aug 2005 to Feb 2010.
Also manages these schemes

RS
Rakesh Shetty
Dec 2024 - Present
View details

Education
Mr. Shetty has done B.Com
Experience
Prior 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.
Also manages these schemes

DM
Dishant Mehta
Oct 2024 - Present
View details

About Motilal Oswal Nifty Bank Index Fund Direct Growth

Motilal Oswal Nifty Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Motilal Oswal Mutual Fund. This scheme was made available to investors on 29 Dec 2009. Swapnil P Mayekar is the Current Fund Manager of Motilal Oswal Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,37,515 Cr and the Latest NAV as of 19 Jan 2026 is ₹22.20. The Motilal Oswal Nifty Bank Index Fund Direct Growth is rated High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 1% if redeemed within 15 days. ;

Investment Objective

The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error.
Fund benchmarkNIFTY Bank Total Return Index

Fund house

Rank (total assets)#19 in India
Total AUM₹1,37,514.94 Cr
Date of Incorporation29 Dec 2009
Phone022-39804238 / 1800-200-6626
E-mailNA
Launch Date29 Dec 2009
AddressMotilal Oswal Towers - 10th Floor,Rahimtullah Sayani Road,Opposite Parel ST Depot, Prabhadevi, Mumbai 400025
CustodianCitibank NA
Registrar & Transfer AgentKFin Tech
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,