Axis Nifty Energy Index Fund vs Motilal Oswal Nifty Energy ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Energy Index Fund is an Index fund and Motilal Oswal Nifty Energy ETF is an ETF fund. Axis Nifty Energy Index Fund charges 1.79% a year and Motilal Oswal Nifty Energy ETF 0.78%. Their portfolios overlap 100.0%: they hold 40 of the same securities.
Which is better, Axis Nifty Energy Index or Motilal Oswal Nifty Energy ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Nifty Energy ETF costs less: 0.78% a year against 1.79%.
- Axis Nifty Energy Index fell less in its worst fall since 02-09-2026: −9.9% against −10.0%.
- Axis Nifty Energy Index is the larger fund: ₹89 Cr against ₹60 Cr.
- Their portfolios overlap 100.0%: 40 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Nifty Energy Index Fund | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | ETF |
| AUM | ₹89 Cr (30-09-2026) | ₹60 Cr (30-09-2026) |
| NAV | ₹9.20 (Direct) | ₹35.16 |
| Expense ratio (Direct) | 1.79% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 27-08-2026 | 13-10-2025 |
| Minimum investment | ₹100 | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value |
| Lock in | None | None |
| Fund managers | Nandik Mallik, Rohit Gautam | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Nil |
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Nifty Energy Index Fund (Direct) | −4.59% | -- | -- | -- | -- | -- | -- |
| Motilal Oswal Nifty Energy ETF | −4.61% | −8.44% | −14.00% | −3.37% | -- | -- | -- |
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Year-wise Returns
| Year | Axis Nifty Energy IndexAxis Nifty Energy Index | Motilal Oswal Nifty Energy ETFMotilal Oswal Nifty Energy ETF | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | -- | −0.52% | −0.05% |
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Energy Index Fund (Direct) | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Return (CAGR) | −40.55% | −0.84% |
| Standard deviation | 15.31% | 16.14% |
| Sharpe ratio | -2.99 | -0.38 |
| Sortino ratio | -3.31 | -0.52 |
| Maximum drawdown | −9.9% (23-10-2026) | −16.6% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.56% |
From daily NAVs, 02-09-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Nifty Energy Index Fund (Direct)
Motilal Oswal Nifty Energy ETF
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty Energy Index Fund (Direct) | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Motilal Oswal Nifty Energy ETF | −10.0% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.9% |
| Nifty Energy TRI | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 02-09-2026, the first day every fund has.
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy Index Fund, September 2026; Motilal Oswal Nifty Energy ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 40
- Only in Axis Nifty Energy Index
- 0
- Only in Motilal Oswal Nifty Energy ETF
- 0
| Security | % of Axis Nifty Energy Index | % of Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Coal India Limited | 10.19% | 10.18% |
| Reliance Industries Limited | 9.89% | 9.89% |
| Oil & Natural Gas Corporation Limited | 9.27% | 9.26% |
| NTPC Limited | 6.10% | 6.09% |
| GAIL (India) Limited | 4.86% | 4.86% |
| Power Grid Corporation of India Limited | 4.69% | 4.69% |
| Bharat Heavy Electricals Limited | 3.84% | 3.84% |
| CG Power and Industrial Solutions Limited | 3.72% | 3.72% |
| Adani Power Limited | 3.38% | 3.37% |
| GE Vernova T&D India Limited | 3.31% | 3.30% |
| Suzlon Energy Limited | 3.05% | 3.05% |
| Oil India Limited | 2.59% | 2.58% |
| Hitachi Energy India Limited | 2.47% | 2.47% |
| Tata Power Company Limited | 2.40% | 2.40% |
| ABB India Limited | 2.26% | 2.26% |
| Petronet LNG Limited | 2.25% | 2.25% |
| Bharat Petroleum Corporation Limited | 2.23% | 2.23% |
| Siemens Limited | 2.09% | 2.09% |
| Indian Oil Corporation Limited | 1.85% | 1.84% |
| Aegis Logistics Limited | 1.83% | 1.83% |
| Siemens Energy India Limited | 1.80% | 1.80% |
| Adani Total Gas Limited | 1.74% | 1.74% |
| Adani Energy Solutions Limited | 1.71% | 1.70% |
| Adani Green Energy Limited | 1.70% | 1.70% |
| Hindustan Petroleum Corporation Limited | 1.23% | 1.23% |
| JSW Energy Limited | 1.21% | 1.20% |
| TD Power Systems Limited | 1.14% | 1.14% |
| NHPC Limited | 1.09% | 1.09% |
| Indraprastha Gas Limited | 1.08% | 1.08% |
| Torrent Power Limited | 0.94% | 0.94% |
| Thermax Limited | 0.84% | 0.83% |
| Mahanagar Gas Limited | 0.64% | 0.64% |
| Inox Wind Limited | 0.43% | 0.43% |
| NLC India Limited | 0.38% | 0.38% |
| Castrol India Limited | 0.35% | 0.35% |
| NTPC Green Energy Limited | 0.34% | 0.34% |
| CESC Limited | 0.34% | 0.34% |
| Nava Limited | 0.31% | 0.31% |
| Jaiprakash Power Ventures Limited | 0.29% | 0.29% |
| Reliance Power Limited | 0.23% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Nifty Energy Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Motilal Oswal Nifty Energy ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy Index | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty Energy Index | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Large Cap | 72.7% | 72.6% |
| Mid Cap | 20.8% | 20.7% |
| Small Cap | 5.5% | 5.5% |
| Not on AMFI's list | 1.1% | 1.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Nifty Energy Index | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Power | 25.1% | 25.1% |
| Electrical Equipment | 24.9% | 24.9% |
| Petroleum Products | 15.6% | 15.5% |
| Gas | 12.4% | 12.4% |
| Oil | 11.9% | 11.8% |
| Consumable Fuels | 10.2% | 10.2% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy Index vs Motilal Oswal Nifty Energy ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy Index Fund | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.79% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 2.57% | Not available |
| Base expense ratio (Regular) | 0.90% | 0.45% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Axis Nifty Energy Index Fund vs Motilal Oswal Nifty Energy ETF: Frequently Asked Questions
What is the difference between Axis Nifty Energy Index Fund and Motilal Oswal Nifty Energy ETF?
Axis Nifty Energy Index Fund is an Index fund, Motilal Oswal Nifty Energy ETF is an ETF fund, run by Axis Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 100.0%. Axis Nifty Energy Index Fund charges 1.79% a year and Motilal Oswal Nifty Energy ETF 0.78%.
Which has the lower expense ratio, Axis Nifty Energy Index Fund or Motilal Oswal Nifty Energy ETF?
Motilal Oswal Nifty Energy ETF charges less: 0.78% a year against 1.79%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Energy Index Fund and Motilal Oswal Nifty Energy ETF overlap?
100.0%. They hold 40 of the same securities, the largest shared ones being COALINDIA, RELIANCE, ONGC. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty Energy Index Fund or Motilal Oswal Nifty Energy ETF?
On SEBI's riskometer, Axis Nifty Energy Index Fund is rated Very High and Motilal Oswal Nifty Energy ETF Very High. Over their common history, the standard deviation of daily returns was 15.31% and 16.14% a year.
Can I invest in both Axis Nifty Energy Index Fund and Motilal Oswal Nifty Energy ETF?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty Energy Index Fund and Motilal Oswal Nifty Energy ETF?
Axis Nifty Energy Index Fund: Nandik Mallik, Rohit Gautam. Motilal Oswal Nifty Energy ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.