Axis Services Opportunities Fund vs Motilal Oswal Nifty Services Sector ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Services Opportunities Fund is a Thematic fund and Motilal Oswal Nifty Services Sector ETF is an ETF fund. Axis Services Opportunities Fund charges 0.96% a year and Motilal Oswal Nifty Services Sector ETF 0.78%. Their portfolios overlap 38.4%: they hold 12 of the same securities.
Axis Services Opportunities Fund
Thematic
- Expense ratio
- 0.96%
- NAV
- ₹9.46
Motilal Oswal Nifty Services Sector ETF
ETF
- Expense ratio
- 0.78%
- NAV
- ₹31.03
Which is better, Axis Services Opportunities or Motilal Oswal Nifty Services Sector 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 Services Sector ETF costs less: 0.78% a year against 0.96%.
- Motilal Oswal Nifty Services Sector ETF fell less in its worst fall since 27-11-2025: −16.8% against −18.0%.
- Motilal Oswal Nifty Services Sector ETF holds more in large companies: 96.8% of the fund in large caps against 55.0%.
- Axis Services Opportunities is the larger fund: ₹1,308 Cr against ₹6 Cr.
- Their portfolios overlap 38.4%: 12 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 Services Opportunities Fund | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹1,308 Cr (30-09-2026) | ₹6 Cr (30-09-2026) |
| NAV | ₹9.46 (Direct) | ₹31.03 |
| Expense ratio (Direct) | 0.96% | Not available |
| Expense ratio (Regular) | 2.22% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Services Sector TRI | Nifty Services Sector TRI |
| Launch date | 24-07-2025 | 24-11-2025 |
| 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 | Sachin Relekar, Krishnaa Narayan | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Nil |
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector 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 Services Opportunities Fund (Direct) | +1.18% | −5.87% | +2.27% | −7.89% | -- | -- | -- |
| Motilal Oswal Nifty Services Sector ETF | +6.44% | −0.99% | +2.62% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF: Year-wise Returns
| Year | Axis Services OpportunitiesAxis Services Opportunities | Motilal Oswal Nifty Services Sector ETFMotilal Oswal Nifty Services Sector ETF | Nifty Services Sector TRI |
|---|---|---|---|
| 2026to date | −5.02% | −7.74% | −7.27% |
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF: Rolling Returns
Every holding period of both funds, against Nifty Services Sector TRI, the benchmark of both
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Services Opportunities Fund (Direct) | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Return (CAGR) | −4.03% | −9.70% |
| Standard deviation | 14.26% | 14.99% |
| Sharpe ratio | -0.65 | -1.00 |
| Sortino ratio | -0.89 | -1.36 |
| Maximum drawdown | −18.4% (30-03-2026) | −16.8% (31-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −0.97% | −0.56% |
From daily NAVs, 30-07-2025 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 Services Opportunities Fund (Direct)
Motilal Oswal Nifty Services Sector ETF
Nifty Services Sector TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Services Opportunities Fund (Direct) | −18.0% | 27-11-2025 | 30-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Motilal Oswal Nifty Services Sector ETF | −16.8% | 27-11-2025 | 31-03-2026 | Not yet | -- | −9.0% |
| Nifty Services Sector TRI | −16.7% | 27-11-2025 | 30-03-2026 | Not yet | -- | −8.5% |
From daily values since 27-11-2025, the first day every fund has.
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Services Opportunities Fund, September 2026; Motilal Oswal Nifty Services Sector ETF, September 2026
Holdings in common
- Overlap
- 38.4%
- Held by both
- 12
- Only in Axis Services Opportunities
- 25
- Only in Motilal Oswal Nifty Services Sector ETF
- 18
| Security | % of Axis Services Opportunities | % of Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Eternal Limited | 9.28% | 7.23% |
| ICICI Bank Limited | 9.01% | 7.02% |
| Bharti Airtel Limited | 4.70% | 10.03% |
| HDFC Bank Limited | 4.46% | 8.04% |
| InterGlobe Aviation Limited | 4.22% | 3.52% |
| Apollo Hospitals Enterprise Limited | 5.03% | 2.61% |
| Infosys Limited | 1.97% | 10.13% |
| Bajaj Finance Limited | 5.09% | 1.94% |
| Max Healthcare Institute Limited | 1.88% | 2.16% |
| Avenue Supermarts Limited | 1.53% | 1.91% |
| BSE Limited | 2.75% | 0.94% |
| The Federal Bank Limited | 3.07% | 0.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.4% means 38.4% 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 Services Opportunities Fund
| Security | % of fund |
|---|---|
| The Indian Hotels Company Limited | 4.43% |
| Fortis Healthcare Limited | 4.41% |
| Cholamandalam Investment and Finance Company Ltd | 3.94% |
| Krishna Institute Of Medical Sciences Limited | 3.32% |
| PB Fintech Limited | 3.26% |
Largest holdings only in Motilal Oswal Nifty Services Sector ETF
| Security | % of fund |
|---|---|
| Tata Consultancy Services Limited | 6.52% |
| NTPC Limited | 4.78% |
| Adani Ports and Special Economic Zone Limited | 4.39% |
| HCL Technologies Limited | 4.04% |
| Power Grid Corporation of India Limited | 3.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Services Opportunities | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Equity | 99.6% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | 0.1% |
Market cap of stocks
| Market cap | Axis Services Opportunities | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Large Cap | 55.0% | 96.8% |
| Mid Cap | 26.6% | 3.2% |
| Small Cap | 16.7% | 0.0% |
| Not on AMFI's list | 1.3% | 0.0% |
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 Services Opportunities | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| IT - Software | 2.7% | 25.1% |
| Banks | 16.5% | 23.9% |
| Healthcare Services | 17.5% | 4.8% |
| Retailing | 16.5% | 9.1% |
| Power | 0.0% | 13.0% |
| Finance | 11.0% | 4.2% |
| Telecom - Services | 4.7% | 10.0% |
| Leisure Services | 8.4% | 0.0% |
| Capital Markets | 7.0% | 0.9% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Services Opportunities Fund | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | Not available |
| Base expense ratio (Direct) | 0.77% | 0.00% |
| Total expense ratio (Regular) | 2.22% | Not available |
| Base expense ratio (Regular) | 1.85% | 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.
More comparisons
Each fund against the others of its category
Compare Axis Services Opportunities with
Axis Services Opportunities Fund vs Motilal Oswal Nifty Services Sector ETF: Frequently Asked Questions
What is the difference between Axis Services Opportunities Fund and Motilal Oswal Nifty Services Sector ETF?
Axis Services Opportunities Fund is a Thematic fund, Motilal Oswal Nifty Services Sector ETF is an ETF fund, run by Axis Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 38.4%. Axis Services Opportunities Fund charges 0.96% a year and Motilal Oswal Nifty Services Sector ETF 0.78%.
Which has the lower expense ratio, Axis Services Opportunities Fund or Motilal Oswal Nifty Services Sector ETF?
Motilal Oswal Nifty Services Sector ETF charges less: 0.78% a year against 0.96%. These are the total expense ratios reported to AMFI.
How much do Axis Services Opportunities Fund and Motilal Oswal Nifty Services Sector ETF overlap?
38.4%. They hold 12 of the same securities, the largest shared ones being ETERNAL, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Axis Services Opportunities Fund or Motilal Oswal Nifty Services Sector ETF?
On SEBI's riskometer, Axis Services Opportunities Fund is rated Very High and Motilal Oswal Nifty Services Sector ETF Very High. Over their common history, the standard deviation of daily returns was 14.26% and 14.99% a year.
Can I invest in both Axis Services Opportunities Fund and Motilal Oswal Nifty Services Sector ETF?
Yes. 38.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Services Opportunities Fund and Motilal Oswal Nifty Services Sector ETF?
Axis Services Opportunities Fund: Sachin Relekar, Krishnaa Narayan. Motilal Oswal Nifty Services Sector 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.