ITI Pharma and Healthcare Fund vs Motilal Oswal BSE Healthcare ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ITI Pharma and Healthcare Fund is a Thematic fund and Motilal Oswal BSE Healthcare ETF is an ETF fund. In the 3 years to 30-10-2026, ITI Pharma and Healthcare Fund (Direct) returned 20.3% a year and Motilal Oswal BSE Healthcare ETF returned 22.7% a year. ITI Pharma and Healthcare Fund charges 0.89% a year and Motilal Oswal BSE Healthcare ETF 0.36%. Their portfolios overlap 72.8%: they hold 35 of the same securities.
ITI Pharma and Healthcare Fund
Thematic
- 3 year return
- 20.3%
- Expense ratio
- 0.89%
- NAV
- ₹19.46
Motilal Oswal BSE Healthcare ETF
ETF
- 3 year return
- 22.7%
- Expense ratio
- 0.36%
- NAV
- ₹50.91
Which is better, ITI Pharma and Healthcare or Motilal Oswal BSE Healthcare 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 BSE Healthcare ETF returned more over 3 years: 22.7% a year against 20.3%.
- Motilal Oswal BSE Healthcare ETF returned more over 1 year: 12.2% against 9.4%.
- Motilal Oswal BSE Healthcare ETF costs less: 0.36% a year against 0.89%.
- Motilal Oswal BSE Healthcare ETF swung less over 3 years: a standard deviation of 14.1% a year against 14.2%.
- Motilal Oswal BSE Healthcare ETF fell less in its worst fall since 04-08-2022: −16.1% against −17.1%.
- ITI Pharma and Healthcare is the larger fund: ₹266 Cr against ₹44 Cr.
- Their portfolios overlap 72.8%: 35 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 | ITI Pharma and Healthcare Fund | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Fund house | ITI Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹266 Cr (30-09-2026) | ₹44 Cr (30-09-2026) |
| NAV | ₹19.46 (Direct) | ₹50.91 |
| Expense ratio (Direct) | 0.89% | Not available |
| Expense ratio (Regular) | 2.59% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Healthcare TRI | BSE Healthcare TRI |
| Launch date | 08-11-2021 | 29-07-2022 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Animesh Singh, Nilay Dalal | Swapnil Mayekar, Rakesh Shetty |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Nil |
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare 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 |
|---|---|---|---|---|---|---|---|
| ITI Pharma and Healthcare Fund (Direct) | 0.00% | −1.04% | +11.74% | +9.43% | +20.30% | -- | -- |
| Motilal Oswal BSE Healthcare ETF | +0.22% | −1.05% | +12.72% | +12.16% | +22.69% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: Year-wise Returns
| Year | ITI Pharma and HealthcareITI Pharma and Healthcare | Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETF |
|---|---|---|
| 2026to date | +14.07% | +14.90% |
| 2025 | −8.24% | −2.93% |
| 2024 | +43.95% | +43.80% |
| 2023 | +34.39% | +37.59% |
| 2022 | −6.68% | -- |
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: Rolling Returns
Every holding period of both funds, against Nifty Healthcare Index TRI, the benchmark of ITI Pharma and Healthcare Fund
Rolling returns
Every 3-year holding period, 304 of them, one for each trading day from 04-08-2025 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.
ITI Pharma and Healthcare Fund (Direct)
Motilal Oswal BSE Healthcare ETF
Nifty Healthcare Index TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Pharma and Healthcare | 0.0 | 0.0 | 0.0 | 0.0 | 13.5 | 86.5 | 0.0 | 21.4% | 21.3% | 17.3% | 24.7% | 19% |
| Motilal Oswal BSE Healthcare ETF | 0.0 | 0.0 | 0.0 | 0.0 | 1.6 | 72.5 | 25.9 | 24.1% | 24.2% | 19.5% | 28.4% | 100% |
| Nifty Healthcare Index TRI | 0.0 | 0.0 | 0.0 | 0.0 | 6.3 | 84.5 | 9.2 | 22.6% | 22.7% | 18.1% | 27.3% | -- |
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 Healthcare Index 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 04-08-2022. Past returns do not promise future returns.
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Pharma and HealthcareITI Pharma and Healthcare Fund (Direct) | ₹5,10,000 | ₹7,23,654 | ₹2,13,654 | 16.6% |
| Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETF | ₹5,10,000 | ₹7,62,270 | ₹2,52,270 | 19.2% |
ITI Pharma and HealthcareITI Pharma and Healthcare Fund (Direct)
Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETF
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.
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Pharma and Healthcare Fund (Direct) | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Return (CAGR) | +9.43% | +12.16% |
| Standard deviation | 13.63% | 13.58% |
| Sharpe ratio | 0.31 | 0.51 |
| Sortino ratio | 0.44 | 0.75 |
| Maximum drawdown | −11.7% (29-01-2026) | −10.0% (23-10-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | −1.48% | −0.20% |
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 | ITI Pharma and Healthcare Fund (Direct) | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Return (CAGR) | +20.30% | +22.69% |
| Standard deviation | 14.17% | 14.08% |
| Sharpe ratio | 1.01 | 1.18 |
| Sortino ratio | 1.41 | 1.68 |
| Maximum drawdown | −17.1% (03-03-2025) | −16.1% (28-02-2025) |
| Beta | 0.90 | 1.00 |
| Alpha | +0.31% | −0.28% |
From daily NAVs, 30-10-2023 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.
| Measure | ITI Pharma and Healthcare Fund (Direct) | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Return (CAGR) | +14.34% | +20.31% |
| Standard deviation | 13.44% | 13.22% |
| Sharpe ratio | 0.63 | 1.07 |
| Sortino ratio | 0.89 | 1.54 |
| Maximum drawdown | −17.7% (17-06-2022) | −16.1% (28-02-2025) |
| Beta | 0.84 | 1.00 |
| Alpha | +1.08% | −0.29% |
From daily NAVs, 11-11-2021 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.
ITI Pharma and Healthcare Fund (Direct)
Motilal Oswal BSE Healthcare ETF
Nifty Healthcare Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Pharma and Healthcare Fund (Direct) | −17.1% | 02-01-2025 | 03-03-2025 | 24-06-2026 | 16 months | −4.2% |
| Motilal Oswal BSE Healthcare ETF | −16.1% | 02-01-2025 | 28-02-2025 | 29-07-2025 | 5 months | −3.8% |
| Nifty Healthcare Index TRI | −15.7% | 02-01-2025 | 28-02-2025 | 29-07-2025 | 5 months | −2.9% |
From daily values since 04-08-2022, 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.
ITI Pharma and Healthcare Fund (Direct)
Motilal Oswal BSE Healthcare ETF
Nifty Healthcare Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Pharma and Healthcare Fund (Direct)
Motilal Oswal BSE Healthcare ETF
Nifty Healthcare Index TRI
Against Nifty Healthcare Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Pharma and Healthcare Fund (Direct) | 92% | 85% | 4.80% |
| Motilal Oswal BSE Healthcare ETF | 96% | 83% | 3.26% |
From month-end values since 04-08-2022. 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.
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Pharma and Healthcare Fund, September 2026; Motilal Oswal BSE Healthcare ETF, September 2026
Holdings in common
- Overlap
- 72.8%
- Held by both
- 35
- Only in ITI Pharma and Healthcare
- 2
- Only in Motilal Oswal BSE Healthcare ETF
- 102
| Security | % of ITI Pharma and Healthcare | % of Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 11.96% | 12.33% |
| Divi's Laboratories Limited | 9.51% | 7.42% |
| Apollo Hospitals Enterprise Limited | 5.45% | 5.21% |
| Dr. Reddy's Laboratories Limited | 4.78% | 4.73% |
| Max Healthcare Institute Limited | 4.49% | 4.32% |
| Cipla Limited | 4.19% | 4.79% |
| Laurus Labs Limited | 4.02% | 4.84% |
| Torrent Pharmaceuticals Limited | 4.78% | 3.55% |
| Aurobindo Pharma Limited | 4.01% | 2.89% |
| Fortis Healthcare Limited | 2.77% | 2.51% |
| Lupin Limited | 2.04% | 3.11% |
| Alkem Laboratories Limited | 3.09% | 1.89% |
| Mankind Pharma Limited | 3.78% | 1.75% |
| IPCA Laboratories Limited | 1.94% | 1.69% |
| Sai Life Sciences Limited | 1.87% | 1.30% |
| Aster DM Quality Care Limited | 1.59% | 1.18% |
| Neuland Laboratories Limited | 3.07% | 1.16% |
| Glenmark Pharmaceuticals Limited | 1.13% | 2.17% |
| Gland Pharma Limited | 1.03% | 1.44% |
| Abbott India Limited | 2.14% | 0.87% |
| Piramal Pharma Limited | 1.27% | 0.81% |
| Biocon Limited | 0.81% | 1.63% |
| Shilpa Medicare Limited | 1.61% | 0.77% |
| Global Health Limited | 2.85% | 0.76% |
| Zydus Lifesciences Limited | 0.73% | 1.82% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.96% | 0.71% |
| Anthem Biosciences Limited | 1.25% | 0.58% |
| Cohance Lifesciences Limited | 3.14% | 0.45% |
| Syngene International Limited | 0.57% | 0.43% |
| Rainbow Childrens Medicare Limited | 1.00% | 0.42% |
| Poly Medicure Limited | 1.48% | 0.39% |
| Metropolis Healthcare Limited | 0.71% | 0.36% |
| Caplin Point Laboratories Limited | 0.68% | 0.34% |
| Healthcare Global Enterprises Limited | 1.47% | 0.22% |
| Supriya Lifescience Limited | 1.00% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 72.8% means 72.8% 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 ITI Pharma and Healthcare Fund
| Security | % of fund |
|---|---|
| Shaily Engineering Plastics Limited | 1.22% |
| Linde India Limited | 0.92% |
Largest holdings only in Motilal Oswal BSE Healthcare ETF
| Security | % of fund |
|---|---|
| Krishna Institute Of Medical Sciences Limited | 1.24% |
| Wockhardt Limited | 1.10% |
| Acutaas Chemicals Limited | 1.06% |
| Ajanta Pharma Limited | 1.02% |
| Dr. Lal Path Labs Limited | 0.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Pharma and Healthcare | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Equity | 99.3% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.7% | 0.1% |
Market cap of stocks
| Market cap | ITI Pharma and Healthcare | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Large Cap | 35.9% | 33.3% |
| Mid Cap | 40.5% | 38.5% |
| Small Cap | 23.0% | 27.8% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | ITI Pharma and Healthcare | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 74.8% | 78.0% |
| Healthcare Services | 20.9% | 21.4% |
| Healthcare Equipment & Supplies | 1.5% | 0.5% |
| Consumer Durables | 1.2% | 0.0% |
| Chemicals & Petrochemicals | 0.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Pharma and Healthcare vs Motilal Oswal BSE Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Pharma and Healthcare Fund | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | Not available |
| Base expense ratio (Direct) | 0.58% | 0.00% |
| Total expense ratio (Regular) | 2.59% | Not available |
| Base expense ratio (Regular) | 2.10% | 0.21% |
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 ITI Pharma and Healthcare with
ITI Pharma and Healthcare Fund vs Motilal Oswal BSE Healthcare ETF: Frequently Asked Questions
What is the difference between ITI Pharma and Healthcare Fund and Motilal Oswal BSE Healthcare ETF?
ITI Pharma and Healthcare Fund is a Thematic fund, Motilal Oswal BSE Healthcare ETF is an ETF fund, run by ITI Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 72.8%. ITI Pharma and Healthcare Fund charges 0.89% a year and Motilal Oswal BSE Healthcare ETF 0.36%.
Which has given higher returns, ITI Pharma and Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
Over 1 year: ITI Pharma and Healthcare Fund +9.43%, Motilal Oswal BSE Healthcare ETF +12.16%. Over 3 years: ITI Pharma and Healthcare Fund +20.30% a year, Motilal Oswal BSE Healthcare ETF +22.69% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Pharma and Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
Motilal Oswal BSE Healthcare ETF charges less: 0.36% a year against 0.89%. These are the total expense ratios reported to AMFI.
How much do ITI Pharma and Healthcare Fund and Motilal Oswal BSE Healthcare ETF overlap?
72.8%. They hold 35 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, APOLLOHOSP. From each fund's latest monthly portfolio.
Which is riskier, ITI Pharma and Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
On SEBI's riskometer, ITI Pharma and Healthcare Fund is rated Very High and Motilal Oswal BSE Healthcare ETF Very High. Over 3 years, the standard deviation of daily returns was 14.17% and 14.08% a year.
Which is better for SIP, ITI Pharma and Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,46,688 in ITI Pharma and Healthcare Fund (XIRR 12.3% a year) and ₹4,63,433 in Motilal Oswal BSE Healthcare ETF (XIRR 14.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ITI Pharma and Healthcare Fund and Motilal Oswal BSE Healthcare ETF?
Yes. 72.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ITI Pharma and Healthcare Fund and Motilal Oswal BSE Healthcare ETF?
ITI Pharma and Healthcare Fund: Animesh Singh, Nilay Dalal. Motilal Oswal BSE Healthcare ETF: Swapnil Mayekar, 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.