HDFC MNC Fund vs Motilal Oswal Nifty MNC ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC MNC Fund is a Thematic fund and Motilal Oswal Nifty MNC ETF is an ETF fund. HDFC MNC Fund charges 1.86% a year and Motilal Oswal Nifty MNC ETF 0.62%. Their portfolios overlap 59.5%: they hold 22 of the same securities.
Which is better, HDFC MNC or Motilal Oswal Nifty MNC 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 MNC ETF costs less: 0.62% a year against 1.86%.
- HDFC MNC fell less in its worst fall since 04-12-2025: −14.2% against −18.0%.
- Motilal Oswal Nifty MNC ETF holds more in large companies: 65.8% of the fund in large caps against 51.4%.
- HDFC MNC is the larger fund: ₹534 Cr against ₹2 Cr.
- Their portfolios overlap 59.5%: 22 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 | HDFC MNC Fund | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹534 Cr (30-09-2026) | ₹2 Cr (30-09-2026) |
| NAV | ₹13.66 (Direct) | ₹28.40 |
| Expense ratio (Direct) | 1.86% | Not available |
| Expense ratio (Regular) | 2.89% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 09-03-2023 | 01-12-2025 |
| 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 | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | - In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 year from the date of allotment. - No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. | Nil |
HDFC MNC vs Motilal Oswal Nifty MNC 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 |
|---|---|---|---|---|---|---|---|
| HDFC MNC Fund (Direct) | −3.30% | −4.94% | −0.12% | −3.66% | +6.19% | -- | -- |
| Motilal Oswal Nifty MNC ETF | −6.25% | −13.22% | −10.47% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC MNC vs Motilal Oswal Nifty MNC ETF: Year-wise Returns
| Year | HDFC MNCHDFC MNC | Motilal Oswal Nifty MNC ETFMotilal Oswal Nifty MNC ETF | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −2.49% | −6.51% | −5.92% |
| 2025 | +0.58% | -- | +10.75% |
| 2024 | +9.82% | -- | +16.63% |
HDFC MNC vs Motilal Oswal Nifty MNC ETF: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
HDFC MNC vs Motilal Oswal Nifty MNC ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC MNC Fund (Direct) | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | +8.90% | −6.14% |
| Standard deviation | 12.28% | 16.17% |
| Sharpe ratio | 0.22 | -0.70 |
| Sortino ratio | 0.30 | -0.91 |
| Maximum drawdown | −24.5% (28-02-2025) | −18.0% (23-10-2026) |
| Beta | 0.87 | 1.00 |
| Alpha | −2.91% | −0.68% |
From daily NAVs, 09-03-2023 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.
HDFC MNC Fund (Direct)
Motilal Oswal Nifty MNC ETF
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC MNC Fund (Direct) | −14.2% | 06-01-2026 | 30-03-2026 | 02-07-2026 | 3 months | −8.8% |
| Motilal Oswal Nifty MNC ETF | −18.0% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.1% |
| Nifty MNC TRI | −17.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.0% |
From daily values since 04-12-2025, the first day every fund has.
HDFC MNC vs Motilal Oswal Nifty MNC ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC MNC Fund, September 2026; Motilal Oswal Nifty MNC ETF, September 2026
Holdings in common
- Overlap
- 59.5%
- Held by both
- 22
- Only in HDFC MNC
- 21
- Only in Motilal Oswal Nifty MNC ETF
- 8
| Security | % of HDFC MNC | % of Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Maruti Suzuki India Limited | 8.14% | 10.16% |
| Hindustan Unilever Ltd. | 5.53% | 9.93% |
| Britannia Industries Ltd. | 5.81% | 5.29% |
| Cummins India Ltd. | 4.58% | 5.99% |
| Nestle India Ltd. | 4.44% | 8.76% |
| United Spirits Limited | 4.39% | 3.73% |
| Bosch Limited | 3.93% | 3.73% |
| Hyundai Motor India Limited | 2.88% | 2.69% |
| Ashok Leyland Ltd | 2.40% | 4.11% |
| Vedanta Aluminium Metal Limited | 2.32% | 6.53% |
| ABB India Ltd. | 2.30% | 3.31% |
| Gland Pharma Ltd. | 3.03% | 2.16% |
| Vedanta Ltd. | 1.82% | 4.25% |
| LG Electronics India Limited | 3.23% | 1.64% |
| Hitachi Energy India Ltd. | 1.36% | 3.64% |
| Oracle Financial Ser Software Ltd. | 1.31% | 2.39% |
| Ambuja Cements Ltd. | 1.21% | 2.17% |
| Timken India Ltd. | 3.25% | 1.05% |
| Siemens Ltd. | 1.05% | 3.07% |
| Schaeffler India Ltd. | 1.04% | 1.46% |
| Siemens Energy India Limited | 0.87% | 2.63% |
| ESCORTS KUBOTA LIMITED | 0.92% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.5% means 59.5% 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 HDFC MNC Fund
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Ltd. | 3.86% |
| Neuland Laboratories Limited | 3.02% |
| PEARL GLOBAL INDUSTRIES LIMITED | 2.70% |
| Divis Laboratories Ltd. | 2.58% |
| Sun Pharmaceutical Industries Ltd. | 2.47% |
Largest holdings only in Motilal Oswal Nifty MNC ETF
| Security | % of fund |
|---|---|
| Colgate Palmolive (India) Limited | 2.17% |
| Nippon Life India Asset Management Limited | 1.80% |
| Abbott India Limited | 1.31% |
| Linde India Limited | 1.25% |
| CRISIL Limited | 1.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Equity | 96.2% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.8% | 0.3% |
Market cap of stocks
| Market cap | HDFC MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Large Cap | 51.4% | 65.8% |
| Mid Cap | 24.0% | 27.8% |
| Small Cap | 17.4% | 6.0% |
| Not on AMFI's list | 3.3% | 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 | HDFC MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 20.2% | 3.5% |
| Food Products | 10.3% | 14.1% |
| Automobiles | 11.0% | 12.8% |
| Electrical Equipment | 7.5% | 12.7% |
| Diversified FMCG | 5.5% | 9.9% |
| Industrial Products | 9.0% | 7.0% |
| Auto Components | 8.1% | 5.2% |
| Non - Ferrous Metals | 2.3% | 6.5% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC MNC vs Motilal Oswal Nifty MNC ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC MNC Fund | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | Not available |
| Base expense ratio (Direct) | 1.20% | 0.00% |
| Total expense ratio (Regular) | 2.89% | Not available |
| Base expense ratio (Regular) | 2.10% | 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
HDFC MNC Fund vs Motilal Oswal Nifty MNC ETF: Frequently Asked Questions
What is the difference between HDFC MNC Fund and Motilal Oswal Nifty MNC ETF?
HDFC MNC Fund is a Thematic fund, Motilal Oswal Nifty MNC ETF is an ETF fund, run by HDFC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 59.5%. HDFC MNC Fund charges 1.86% a year and Motilal Oswal Nifty MNC ETF 0.62%.
Which has the lower expense ratio, HDFC MNC Fund or Motilal Oswal Nifty MNC ETF?
Motilal Oswal Nifty MNC ETF charges less: 0.62% a year against 1.86%. These are the total expense ratios reported to AMFI.
How much do HDFC MNC Fund and Motilal Oswal Nifty MNC ETF overlap?
59.5%. They hold 22 of the same securities, the largest shared ones being MARUTI, HINDUNILVR, BRITANNIA. From each fund's latest monthly portfolio.
Which is riskier, HDFC MNC Fund or Motilal Oswal Nifty MNC ETF?
On SEBI's riskometer, HDFC MNC Fund is rated Very High and Motilal Oswal Nifty MNC ETF Very High. Over their common history, the standard deviation of daily returns was 12.28% and 16.17% a year.
Can I invest in both HDFC MNC Fund and Motilal Oswal Nifty MNC ETF?
Yes. 59.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC MNC Fund and Motilal Oswal Nifty MNC ETF?
HDFC MNC Fund: Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar. Motilal Oswal Nifty MNC 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.