Groww Nifty India internet ETF vs Motilal Oswal Digital India Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty India internet ETF is an ETF fund and Motilal Oswal Digital India Fund is a Thematic fund. In the year to 30-10-2026, Groww Nifty India internet ETF returned −11.8% and Motilal Oswal Digital India Fund (Direct) returned −2.7%. Groww Nifty India internet ETF charges 0.46% a year and Motilal Oswal Digital India Fund 1.06%. Their portfolios overlap 30.2%: they hold 9 of the same securities.
Groww Nifty India internet ETF
ETF
- 1 year return
- −11.8%
- Expense ratio
- 0.46%
- NAV
- ₹9.77
Motilal Oswal Digital India Fund
Thematic
- 1 year return
- −2.7%
- Expense ratio
- 1.06%
- NAV
- ₹10.50
Which is better, Groww Nifty India internet ETF or Motilal Oswal Digital India? 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 Digital India returned more over 1 year: −2.7% against −11.8%.
- Groww Nifty India internet ETF costs less: 0.46% a year against 1.06%.
- Groww Nifty India internet ETF fell less in its worst fall since 02-07-2025: −28.3% against −30.3%.
- Groww Nifty India internet ETF holds more in large companies: 24.9% of the fund in large caps against 9.8%.
- Motilal Oswal Digital India is the larger fund: ₹989 Cr against ₹42 Cr.
- Their portfolios overlap 30.2%: 9 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 India internet ETF | Motilal Oswal Digital India Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹42 Cr (30-09-2026) | ₹989 Cr (30-09-2026) |
| NAV | ₹9.77 | ₹10.50 (Direct) |
| Expense ratio (Direct) | Not available | 1.06% |
| Expense ratio (Regular) | Not available | 2.35% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty India Internet TRI | Not available |
| Launch date | 01-07-2025 | Not available |
| Minimum investment | Re.1 | 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 India internet ETF vs Motilal Oswal Digital India: 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 India internet ETF | −2.31% | −3.31% | +8.92% | −11.75% | -- | -- | -- |
| Motilal Oswal Digital India Fund (Direct) | −2.72% | +3.67% | +22.16% | −2.68% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty India internet ETF vs Motilal Oswal Digital India: Year-wise Returns
| Year | Groww Nifty India internet ETFGroww Nifty India internet ETF | Motilal Oswal Digital IndiaMotilal Oswal Digital India |
|---|---|---|
| 2026to date | −6.00% | −0.29% |
| 2025 | -- | −0.88% |
Groww Nifty India internet ETF vs Motilal Oswal Digital India: Rolling Returns
Every holding period of both funds, against Nifty India Internet TRI, the benchmark of Groww Nifty India internet ETF
Rolling returns
Every 1-year holding period, 82 of them, one for each trading day from 02-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Groww Nifty India internet ETF
Motilal Oswal Digital India Fund (Direct)
Nifty India Internet TRI
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Nifty India internet ETF | 67.1 | 32.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.4% | −0.9% | −12.3% | 4.7% | 0% |
| Motilal Oswal Digital India | 43.9 | 30.5 | 23.2 | 2.4 | 0.0 | 0.0 | 0.0 | 1.1% | 1.4% | −10.6% | 11.8% | 66% |
| Nifty India Internet TRI | 59.8 | 39.0 | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | −2.0% | −0.4% | −12.0% | 5.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Internet TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-07-2025. Past returns do not promise future returns.
Groww Nifty India internet ETF vs Motilal Oswal Digital India: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty India internet ETFGroww Nifty India internet ETF | ₹1,60,000 | ₹1,59,135 | −₹865 | −0.8% |
| Motilal Oswal Digital IndiaMotilal Oswal Digital India Fund (Direct) | ₹1,60,000 | ₹1,72,491 | ₹12,491 | 11.2% |
Groww Nifty India internet ETFGroww Nifty India internet ETF
Motilal Oswal Digital IndiaMotilal Oswal Digital India Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Groww Nifty India internet ETF vs Motilal Oswal Digital India: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty India internet ETF | Motilal Oswal Digital India Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.75% | −2.68% |
| Standard deviation | 22.70% | 22.77% |
| Sharpe ratio | -0.75 | -0.35 |
| Sortino ratio | -1.01 | -0.50 |
| Maximum drawdown | −27.9% (31-03-2026) | −30.3% (31-03-2026) |
| Beta | 1.00 | 0.76 |
| Alpha | −0.38% | +1.66% |
From daily NAVs, 30-10-2025 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.
| Measure | Groww Nifty India internet ETF | Motilal Oswal Digital India Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.42% | +2.62% |
| Standard deviation | 21.43% | 21.32% |
| Sharpe ratio | -0.31 | -0.14 |
| Sortino ratio | -0.44 | -0.20 |
| Maximum drawdown | −28.3% (31-03-2026) | −30.3% (31-03-2026) |
| Beta | 1.00 | 0.76 |
| Alpha | −0.46% | +6.27% |
From daily NAVs, 02-07-2025 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.
Groww Nifty India internet ETF
Motilal Oswal Digital India Fund (Direct)
Nifty India Internet TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty India internet ETF | −28.3% | 28-10-2025 | 31-03-2026 | 23-09-2026 | 6 months | −12.3% |
| Motilal Oswal Digital India Fund (Direct) | −30.3% | 04-12-2025 | 31-03-2026 | 07-09-2026 | 5 months | −10.8% |
| Nifty India Internet TRI | −28.2% | 28-10-2025 | 30-03-2026 | 23-09-2026 | 6 months | −12.2% |
From daily values since 02-07-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww Nifty India internet ETF
Motilal Oswal Digital India Fund (Direct)
Nifty India Internet TRI
Against Nifty India Internet TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty India internet ETF | 99% | 101% | 0.04% |
| Motilal Oswal Digital India Fund (Direct) | 100% | 77% | 15.77% |
From month-end values since 02-07-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Groww Nifty India internet ETF vs Motilal Oswal Digital India: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty India internet ETF, September 2026; Motilal Oswal Digital India Fund, September 2026
Holdings in common
- Overlap
- 30.2%
- Held by both
- 9
- Only in Groww Nifty India internet ETF
- 15
- Only in Motilal Oswal Digital India
- 18
| Security | % of Groww Nifty India internet ETF | % of Motilal Oswal Digital India |
|---|---|---|
| Eternal Limited | 19.71% | 6.37% |
| One 97 Communications Limited | 14.30% | 5.48% |
| PB Fintech Limited | 7.47% | 4.20% |
| Info Edge (India) Limited | 9.35% | 3.69% |
| Billionbrains Garage Ventures Ltd. | 5.21% | 3.40% |
| Meesho Limited | 4.13% | 3.36% |
| Pine Labs Limited | 1.91% | 2.38% |
| Urban Company Limited | 1.08% | 2.92% |
| Le Travenues Technology Ltd | 0.71% | 2.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.2% means 30.2% 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 India internet ETF
| Security | % of fund |
|---|---|
| FSN E-Commerce Ventures Limited | 8.67% |
| SWIGGY LIMITED | 7.43% |
| Angel One Limited | 3.54% |
| Motilal Oswal Financial Services Limited | 3.12% |
| Indian Railway Catering & Tourism Corp | 2.72% |
Largest holdings only in Motilal Oswal Digital India Fund
| Security | % of fund |
|---|---|
| ESDS Software Solution Ltd | 15.73% |
| Coforge Limited | 5.65% |
| Hexaware Technologies Limited | 4.75% |
| Firstsource Solutions Limited | 4.29% |
| Zensar Technologies Limited | 4.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty India internet ETF | Motilal Oswal Digital India |
|---|---|---|
| Equity | 100.0% | 93.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 6.6% |
Market cap of stocks
| Market cap | Groww Nifty India internet ETF | Motilal Oswal Digital India |
|---|---|---|
| Large Cap | 24.9% | 9.8% |
| Mid Cap | 57.2% | 22.4% |
| Small Cap | 17.9% | 45.5% |
| Not on AMFI's list | 0.0% | 15.7% |
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 India internet ETF | Motilal Oswal Digital India |
|---|---|---|
| Retailing | 54.9% | 16.3% |
| IT - Software | 0.0% | 29.0% |
| Financial Technology (Fintech) | 24.3% | 12.1% |
| IT - Services | 0.0% | 17.7% |
| Capital Markets | 12.7% | 3.4% |
| Commercial Services & Supplies | 0.0% | 9.7% |
| Leisure Services | 4.9% | 2.5% |
| Entertainment | 1.7% | 0.0% |
| Other Consumer Services | 1.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty India internet ETF vs Motilal Oswal Digital India: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty India internet ETF | Motilal Oswal Digital India Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.06% |
| Base expense ratio (Direct) | 0.35% | 0.74% |
| Total expense ratio (Regular) | Not available | 2.35% |
| Base expense ratio (Regular) | 0.00% | 1.93% |
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 Motilal Oswal Digital India with
Groww Nifty India internet ETF vs Motilal Oswal Digital India Fund: Frequently Asked Questions
What is the difference between Groww Nifty India internet ETF and Motilal Oswal Digital India Fund?
Groww Nifty India internet ETF is an ETF fund, Motilal Oswal Digital India Fund is a Thematic fund, run by Groww Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 30.2%. Groww Nifty India internet ETF charges 0.46% a year and Motilal Oswal Digital India Fund 1.06%.
Which has given higher returns, Groww Nifty India internet ETF or Motilal Oswal Digital India Fund?
Over 1 year: Groww Nifty India internet ETF −11.75%, Motilal Oswal Digital India Fund −2.68%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty India internet ETF or Motilal Oswal Digital India Fund?
Groww Nifty India internet ETF charges less: 0.46% a year against 1.06%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty India internet ETF and Motilal Oswal Digital India Fund overlap?
30.2%. They hold 9 of the same securities, the largest shared ones being ETERNAL, PAYTM, POLICYBZR. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty India internet ETF and Motilal Oswal Digital India Fund?
Yes. 30.2% 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.