HDFC Nifty India Digital Index Fund vs Motilal Oswal BSE Select IPO ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty India Digital Index Fund is an Index fund and Motilal Oswal BSE Select IPO ETF is an ETF fund. HDFC Nifty India Digital Index Fund charges 0.41% a year and Motilal Oswal BSE Select IPO ETF 0.71%. Their portfolios overlap 25.6%: they hold 15 of the same securities.
HDFC Nifty India Digital Index Fund
Index
- Expense ratio
- 0.41%
- NAV
- ₹8.69
Which is better, HDFC Nifty India Digital Index or Motilal Oswal BSE Select IPO ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty India Digital Index costs less: 0.41% a year against 0.71%.
- Motilal Oswal BSE Select IPO ETF fell less in its worst fall since 20-11-2025: −22.0% against −25.1%.
- HDFC Nifty India Digital Index holds more in large companies: 50.8% of the fund in large caps against 25.8%.
- HDFC Nifty India Digital Index is the larger fund: ₹141 Cr against ₹6 Cr.
- Their portfolios overlap 25.6%: 15 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 Nifty India Digital Index Fund | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | ETF |
| AUM | ₹141 Cr (30-09-2026) | ₹6 Cr (30-09-2026) |
| NAV | ₹8.69 (Direct) | ₹44.57 |
| Expense ratio (Direct) | 0.41% | Not available |
| Expense ratio (Regular) | 0.88% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Digital TRI | BSE Select IPO TRI |
| Launch date | 11-12-2024 | 17-11-2025 |
| 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 | Nandita Menezes, Arun Agarwal | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | NIL | Nil |
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO 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 Nifty India Digital Index Fund (Direct) | +7.22% | +0.04% | +11.09% | −7.65% | -- | -- | -- |
| Motilal Oswal BSE Select IPO ETF | −3.54% | −4.78% | +2.92% | -- | -- | -- | -- |
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO ETF: Year-wise Returns
| Year | HDFC Nifty India Digital IndexHDFC Nifty India Digital Index | Motilal Oswal BSE Select IPO ETFMotilal Oswal BSE Select IPO ETF |
|---|---|---|
| 2026to date | −8.33% | −3.60% |
| 2025 | −2.33% | -- |
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO ETF: Rolling Returns
Every holding period of both funds, against Nifty India Digital TRI, the benchmark of HDFC Nifty India Digital Index Fund
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty India Digital Index Fund (Direct) | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Return (CAGR) | −7.19% | −9.45% |
| Standard deviation | 18.44% | 18.49% |
| Sharpe ratio | -0.69 | -0.79 |
| Sortino ratio | -0.94 | -1.06 |
| Maximum drawdown | −27.6% (31-03-2026) | −22.0% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.62% | −0.44% |
From daily NAVs, 11-12-2024 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 Nifty India Digital Index Fund (Direct)
Motilal Oswal BSE Select IPO ETF
Nifty India Digital TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty India Digital Index Fund (Direct) | −25.1% | 22-12-2025 | 31-03-2026 | Not yet | -- | −11.1% |
| Motilal Oswal BSE Select IPO ETF | −22.0% | 20-11-2025 | 31-03-2026 | 25-08-2026 | 5 months | −9.7% |
| Nifty India Digital TRI | −25.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.5% |
From daily values since 20-11-2025, the first day every fund has.
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Digital Index Fund, September 2026; Motilal Oswal BSE Select IPO ETF, September 2026
Holdings in common
- Overlap
- 25.6%
- Held by both
- 15
- Only in HDFC Nifty India Digital Index
- 35
- Only in Motilal Oswal BSE Select IPO ETF
- 55
| Security | % of HDFC Nifty India Digital Index | % of Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Eternal Limited | 7.31% | 5.24% |
| One 97 Communications Limited | 5.85% | 5.01% |
| Fsn Ecommerce Ventures Limited (Nykaa) | 3.55% | 3.21% |
| PB Fintech Limited | 3.06% | 2.77% |
| Swiggy Limited | 3.04% | 2.72% |
| Meesho Limited | 1.69% | 5.50% |
| Bharti Hexacom Limited | 0.87% | 0.78% |
| Pine Labs Limited | 0.78% | 1.40% |
| Tata Technologies Limited | 0.72% | 0.90% |
| Sagility Limited | 0.58% | 0.72% |
| Inventurus Knowledge Solutions Limited | 0.54% | 0.66% |
| Physicswallah Limited. | 0.59% | 0.52% |
| Hexaware Technologies Ltd. | 0.43% | 0.53% |
| URBAN COMPANY LIMITED | 0.44% | 0.39% |
| Fractal Analytics Limited | 0.21% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.6% means 25.6% 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 Nifty India Digital Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 7.60% |
| Tata Consultancy Services Ltd. | 7.53% |
| Bharti Airtel Ltd. | 7.53% |
| HCL Technologies Ltd. | 7.48% |
| Tech Mahindra Ltd. | 5.72% |
Largest holdings only in Motilal Oswal BSE Select IPO ETF
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 5.19% |
| Tata Motors Ltd | 4.97% |
| Jio Financial Services Limited | 4.92% |
| Life Insurance Corporation Of India | 4.00% |
| Sona BLW Precision Forgings Limited | 2.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Digital Index | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Equity | 97.6% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.0% |
Market cap of stocks
| Market cap | HDFC Nifty India Digital Index | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Large Cap | 50.8% | 25.8% |
| Mid Cap | 35.3% | 46.3% |
| Small Cap | 11.5% | 27.9% |
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 Nifty India Digital Index | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| IT - Software | 45.9% | 0.8% |
| Retailing | 21.6% | 24.3% |
| Telecom - Services | 13.2% | 0.8% |
| Finance | 0.0% | 11.5% |
| Financial Technology (Fintech) | 9.7% | 9.2% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.8% |
| Electrical Equipment | 0.0% | 5.1% |
| Capital Markets | 0.0% | 5.0% |
| IT - Services | 4.2% | 2.3% |
| Leisure Services | 1.8% | 1.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Digital Index vs Motilal Oswal BSE Select IPO ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Digital Index Fund | Motilal Oswal BSE Select IPO ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 0.88% | Not available |
| Base expense ratio (Regular) | 0.71% | 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.
HDFC Nifty India Digital Index Fund vs Motilal Oswal BSE Select IPO ETF: Frequently Asked Questions
What is the difference between HDFC Nifty India Digital Index Fund and Motilal Oswal BSE Select IPO ETF?
HDFC Nifty India Digital Index Fund is an Index fund, Motilal Oswal BSE Select IPO ETF is an ETF fund, run by HDFC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 25.6%. HDFC Nifty India Digital Index Fund charges 0.41% a year and Motilal Oswal BSE Select IPO ETF 0.71%.
Which has the lower expense ratio, HDFC Nifty India Digital Index Fund or Motilal Oswal BSE Select IPO ETF?
HDFC Nifty India Digital Index Fund charges less: 0.41% a year against 0.71%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty India Digital Index Fund and Motilal Oswal BSE Select IPO ETF overlap?
25.6%. They hold 15 of the same securities, the largest shared ones being ETERNAL, PAYTM, NYKAA. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Digital Index Fund or Motilal Oswal BSE Select IPO ETF?
On SEBI's riskometer, HDFC Nifty India Digital Index Fund is rated Very High and Motilal Oswal BSE Select IPO ETF Very High. Over their common history, the standard deviation of daily returns was 18.44% and 18.49% a year.
Can I invest in both HDFC Nifty India Digital Index Fund and Motilal Oswal BSE Select IPO ETF?
Yes. 25.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty India Digital Index Fund and Motilal Oswal BSE Select IPO ETF?
HDFC Nifty India Digital Index Fund: Nandita Menezes, Arun Agarwal. Motilal Oswal BSE Select IPO 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.