Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Chemicals ETF is an ETF fund and Motilal Oswal Nifty India Defence Index Fund is a mutual fund. Groww Nifty Chemicals ETF charges 0.50% a year and Motilal Oswal Nifty India Defence Index Fund 0.56%. Their portfolios overlap 11.9%: they hold 1 of the same security.
Motilal Oswal Nifty India Defence Index Fund
- Expense ratio
- 0.56%
- NAV
- ₹11.40
Which is better, Groww Nifty Chemicals ETF or Motilal Oswal Nifty India Defence Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Chemicals ETF costs less: 0.50% a year against 0.56%.
- Groww Nifty Chemicals ETF fell less in its worst fall since 14-01-2026: −14.8% against −15.4%.
- Motilal Oswal Nifty India Defence Index holds more in large companies: 51.6% of the fund in large caps against 26.5%.
- Motilal Oswal Nifty India Defence Index is the larger fund: ₹5,434 Cr against ₹11 Cr.
- Their portfolios overlap 11.9%: 1 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 | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹11 Cr (30-09-2026) | ₹5,434 Cr (30-09-2026) |
| NAV | ₹26.65 | ₹11.40 (Direct) |
| Expense ratio (Direct) | Not available | 0.56% |
| Expense ratio (Regular) | Not available | 1.13% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Chemicals TRI | Not available |
| Launch date | 13-01-2026 | Not available |
| Minimum investment | 1 Unit | Not available |
| Lock in | None | Not available |
| Fund managers | Nikhil Satam, Aakash chauhan, amp, Shashi Kumar | Not available |
| Exit load | Nil | Not available |
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Chemicals ETF | −6.17% | −11.23% | −6.36% | -- | -- | -- | -- |
| Motilal Oswal Nifty India Defence Index Fund (Direct) | −6.26% | −5.37% | −3.16% | +8.00% | -- | -- | -- |
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: Year-wise Returns
| Year | Groww Nifty Chemicals ETFGroww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence IndexMotilal Oswal Nifty India Defence Index |
|---|---|---|
| 2026to date | -- | +12.30% |
| 2025 | -- | +19.56% |
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: Rolling Returns
Every holding period of both funds, against Nifty Chemicals TRI, the benchmark of Groww Nifty Chemicals ETF
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.18% | +2.60% |
| Standard deviation | 19.93% | 27.57% |
| Sharpe ratio | -0.72 | -0.12 |
| Sortino ratio | -0.97 | -0.16 |
| Maximum drawdown | −14.8% (23-10-2026) | −38.2% (18-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.49% | −0.57% |
From daily NAVs, 14-01-2026 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.
Groww Nifty Chemicals ETF
Motilal Oswal Nifty India Defence Index Fund (Direct)
Nifty Chemicals TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Chemicals ETF | −14.8% | 21-07-2026 | 23-10-2026 | Not yet | -- | −13.9% |
| Motilal Oswal Nifty India Defence Index Fund (Direct) | −15.4% | 06-03-2026 | 31-03-2026 | 15-04-2026 | 15 days | −13.1% |
| Nifty Chemicals TRI | −14.7% | 21-07-2026 | 23-10-2026 | Not yet | -- | −13.8% |
From daily values since 14-01-2026, the first day every fund has.
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Chemicals ETF, September 2026; Motilal Oswal Nifty India Defence Index Fund, September 2026
Holdings in common
- Overlap
- 11.9%
- Held by both
- 1
- Only in Groww Nifty Chemicals ETF
- 19
- Only in Motilal Oswal Nifty India Defence Index
- 21
| Security | % of Groww Nifty Chemicals ETF | % of Motilal Oswal Nifty India Defence Index |
|---|---|---|
| Solar Industries India Limited | 13.60% | 11.91% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.9% means 11.9% 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 Groww Nifty Chemicals ETF
| Security | % of fund |
|---|---|
| Pidilite Industries Limited | 12.90% |
| SRF Limited | 10.18% |
| Navin Fluorine International Limited | 8.61% |
| UPL Limited | 8.58% |
| Coromandel International Limited | 5.96% |
Largest holdings only in Motilal Oswal Nifty India Defence Index Fund
| Security | % of fund |
|---|---|
| Bharat Electronics Limited | 19.97% |
| Hindustan Aeronautics Limited | 19.68% |
| Bharat Forge Limited | 13.28% |
| MTAR Technologies Limited | 4.21% |
| Mazagon Dock Shipbuilders Limited | 3.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index |
|---|---|---|
| Equity | 100.0% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.7% |
Market cap of stocks
| Market cap | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index |
|---|---|---|
| Large Cap | 26.5% | 51.6% |
| Mid Cap | 39.1% | 23.0% |
| Small Cap | 34.4% | 24.8% |
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 | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index |
|---|---|---|
| Chemicals & Petrochemicals | 76.9% | 11.9% |
| Aerospace & Defense | 0.0% | 59.5% |
| Fertilizers & Agrochemicals | 23.1% | 0.0% |
| Auto Components | 0.0% | 13.3% |
| Industrial Manufacturing | 0.0% | 8.5% |
| Electrical Equipment | 0.0% | 4.2% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Chemicals ETF | Motilal Oswal Nifty India Defence Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.56% |
| Base expense ratio (Direct) | 0.40% | 0.40% |
| Total expense ratio (Regular) | Not available | 1.13% |
| Base expense ratio (Regular) | 0.00% | 0.90% |
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.
Groww Nifty Chemicals ETF vs Motilal Oswal Nifty India Defence Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty Chemicals ETF and Motilal Oswal Nifty India Defence Index Fund?
Groww Nifty Chemicals ETF is an ETF fund, Motilal Oswal Nifty India Defence Index Fund is a mutual fund, run by Groww Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 11.9%. Groww Nifty Chemicals ETF charges 0.50% a year and Motilal Oswal Nifty India Defence Index Fund 0.56%.
Which has the lower expense ratio, Groww Nifty Chemicals ETF or Motilal Oswal Nifty India Defence Index Fund?
Groww Nifty Chemicals ETF charges less: 0.50% a year against 0.56%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Chemicals ETF and Motilal Oswal Nifty India Defence Index Fund overlap?
11.9%. They hold 1 of the same securities, the largest shared ones being SOLARINDS. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty Chemicals ETF and Motilal Oswal Nifty India Defence Index Fund?
Yes. 11.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.