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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Motilal Oswal Nifty Bank Index Fund Direct Growth
+7.63%
3Y annualised
+1.36% 1D
NAV: 09 Oct '26
₹20.56
Min. for SIP
₹500
Fund size (AUM)
₹618.55 Cr
Expense ratio
0.32%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹29,285 | -2.38% | |
| 1 year | ₹60,000 | ₹57,753 | -3.74% | |
| 3 years | ₹1,80,000 | ₹1,88,234 | +4.57% | |
| 5 years | ₹3,00,000 | ₹3,56,325 | +18.77% |
Holdings (16)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 18.61% |
| ICICI Bank Ltd | Financial | Equity | 14.18% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 10.20% |
| Axis Bank Ltd | Financial | Equity | 10.06% |
| State Bank of India | Financial | Equity | 9.93% |
| The Federal Bank Ltd | Financial | Equity | 6.56% |
| Indusind Bank Ltd | Financial | Equity | 4.97% |
| AU Small Finance Bank Ltd | Financial | Equity | 4.85% |
| IDFC First Bank Ltd | Financial | Equity | 4.54% |
| Bank Of Baroda | Financial | Equity | 3.59% |
| Canara Bank | Financial | Equity | 3.37% |
| Punjab National Bank | Financial | Equity | 3.27% |
| Yes Bank Ltd | Financial | Equity | 3.01% |
| Union Bank of India | Financial | Equity | 2.86% |
| Repo | Unspecified | Repo | 0.30% |
| Net Payables | Unspecified | Net Payables | -0.30% |
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
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | -2.4% | +7.6% | +8.2% | +10.5% |
| Category average (Equity Sectoral) | -0.7% | +11.2% | +10.9% | +13.0% |
| Rank (Equity Sectoral) | 26 | 20 | 13 | -- |
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
RSRakesh ShettyDec 2024 - PresentView details
RS
Rakesh Shetty
Dec 2024 - Present
View details
DMDishant MehtaOct 2024 - PresentView details
DM
Dishant Mehta
Oct 2024 - Present
View details
SPMSwapnil P MayekarAug 2019 - PresentView details
SPM
Swapnil P Mayekar
Aug 2019 - 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. Rakesh Shetty 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 ₹1,59,647 Cr and the Latest NAV as of 09 Oct 2026 is ₹20.56.
The Motilal Oswal Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 1% if redeemed within 15 days.
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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₹1,59,646.77 Cr
Date of Incorporation29 Dec 2009
Launch Date29 Dec 2009
AddressMotilal Oswal Towers - 10th Floor,Rahimtullah Sayani Road,Opposite Parel ST Depot, Prabhadevi, Mumbai 400025
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,