LIC MF Equity Savings Fund vs Motilal Oswal Nifty 50 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Equity Savings Fund is an Equity Savings fund and Motilal Oswal Nifty 50 Equal Weight ETF is an ETF fund. In the year to 30-10-2026, LIC MF Equity Savings Fund (Direct) returned −0.3% and Motilal Oswal Nifty 50 Equal Weight ETF returned −4.9%. LIC MF Equity Savings Fund charges 1.86% a year and Motilal Oswal Nifty 50 Equal Weight ETF 0.28%. Their portfolios overlap 28.5%: they hold 23 of the same securities.
LIC MF Equity Savings Fund
Equity Savings
- 1 year return
- −0.3%
- Expense ratio
- 1.86%
- NAV
- ₹31.98
Motilal Oswal Nifty 50 Equal Weight ETF
ETF
- 1 year return
- −4.9%
- Expense ratio
- 0.28%
- NAV
- ₹31.65
Which is better, LIC MF Equity Savings or Motilal Oswal Nifty 50 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Equity Savings returned more over 1 year: −0.3% against −4.9%.
- Motilal Oswal Nifty 50 Equal Weight ETF costs less: 0.28% a year against 1.86%.
- LIC MF Equity Savings fell less in its worst fall since 07-05-2025: −5.7% against −12.4%.
- Motilal Oswal Nifty 50 Equal Weight ETF holds more in large companies: 96.0% of the fund in large caps against 40.1%.
- Motilal Oswal Nifty 50 Equal Weight ETF is the larger fund: ₹174 Cr against ₹39 Cr.
- Their portfolios overlap 28.5%: 23 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 | LIC MF Equity Savings Fund | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Fund house | LIC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Equity Savings | ETF |
| AUM | ₹39 Cr (30-09-2026) | ₹174 Cr (30-09-2026) |
| NAV | ₹31.98 (Direct) | ₹31.65 |
| Expense ratio (Direct) | 1.86% | Not available |
| Expense ratio (Regular) | 2.83% | Not available |
| Riskometer | Moderate | Very High |
| Benchmark | Nifty Equity Savings Index | NIFTY 50 Equal Weight TRI |
| Launch date | 07-03-2011 | 02-05-2025 |
| Minimum investment | ₹5,000 | 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 | Siddharth Panjwani, Pratik Harish Shroff | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment. | Nil |
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Equity Savings Fund (Direct) | −1.15% | −1.22% | +0.64% | −0.33% | +8.23% | -- | -- |
| Motilal Oswal Nifty 50 Equal Weight ETF | +0.99% | −6.13% | −2.69% | −4.91% | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight ETF: Year-wise Returns
| Year | LIC MF Equity SavingsLIC MF Equity Savings | Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| 2026to date | +0.33% | −5.67% |
| 2025 | +8.46% | -- |
| 2024 | +10.05% | -- |
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of Motilal Oswal Nifty 50 Equal Weight ETF
Rolling returns
Every 1-year holding period, 120 of them, one for each trading day from 07-05-2026 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.
LIC MF Equity Savings Fund (Direct)
Motilal Oswal Nifty 50 Equal Weight ETF
NIFTY50 Equal Weight TRI
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Equity Savings | 5.0 | 83.3 | 11.7 | 0.0 | 0.0 | 0.0 | 0.0 | 3.0% | 2.8% | −1.0% | 7.2% | 32% |
| Motilal Oswal Nifty 50 Equal Weight ETF | 23.3 | 37.5 | 34.2 | 5.0 | 0.0 | 0.0 | 0.0 | 3.3% | 4.3% | −7.4% | 11.7% | 0% |
| NIFTY50 Equal Weight TRI | 22.5 | 33.3 | 37.5 | 6.7 | 0.0 | 0.0 | 0.0 | 3.5% | 4.6% | −7.3% | 12.0% | -- |
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 NIFTY50 Equal Weight 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 07-05-2025. Past returns do not promise future returns.
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight 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 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Equity SavingsLIC MF Equity Savings Fund (Direct) | ₹1,80,000 | ₹1,82,379 | ₹2,379 | 1.7% |
| Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight ETF | ₹1,80,000 | ₹1,76,992 | −₹3,008 | −2.1% |
LIC MF Equity SavingsLIC MF Equity Savings Fund (Direct)
Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight 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.
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Equity Savings Fund (Direct) | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | −0.33% | −4.91% |
| Standard deviation | 5.43% | 13.88% |
| Sharpe ratio | -1.03 | -0.73 |
| Sortino ratio | -1.37 | -0.97 |
| Maximum drawdown | −5.5% (30-03-2026) | −12.4% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 | LIC MF Equity Savings Fund (Direct) | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +7.75% | +3.12% |
| Standard deviation | 6.69% | 13.01% |
| Sharpe ratio | 0.25 | -0.17 |
| Sortino ratio | 0.34 | -0.24 |
| Maximum drawdown | −7.5% (03-03-2025) | −12.4% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.20% |
From daily NAVs, 31-07-2023 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.
LIC MF Equity Savings Fund (Direct)
Motilal Oswal Nifty 50 Equal Weight ETF
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Equity Savings Fund (Direct) | −5.7% | 29-10-2025 | 30-03-2026 | 07-05-2026 | 38 days | −2.9% |
| Motilal Oswal Nifty 50 Equal Weight ETF | −12.4% | 11-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −8.1% |
| NIFTY50 Equal Weight TRI | −12.4% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.0% |
From daily values since 07-05-2025, 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.
LIC MF Equity Savings Fund (Direct)
Motilal Oswal Nifty 50 Equal Weight ETF
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Equity Savings Fund (Direct) | 34% | 25% | 10.00% |
| Motilal Oswal Nifty 50 Equal Weight ETF | 99% | 100% | 0.04% |
From month-end values since 07-05-2025. 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.
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Equity Savings Fund, September 2026; Motilal Oswal Nifty 50 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 28.5%
- Held by both
- 23
- Only in LIC MF Equity Savings
- 37
- Only in Motilal Oswal Nifty 50 Equal Weight ETF
- 27
| Security | % of LIC MF Equity Savings | % of Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| State Bank of India | 2.23% | 2.00% |
| Cipla Ltd. | 2.66% | 1.97% |
| Eternal Ltd. | 2.01% | 1.96% |
| Bajaj Auto Ltd. | 1.79% | 1.97% |
| Trent Ltd. | 1.53% | 2.01% |
| Tata Consultancy Services Ltd. | 1.43% | 2.02% |
| Ultratech Cement Ltd. | 1.42% | 2.01% |
| Hindalco Industries Ltd. | 1.36% | 1.97% |
| Kotak Mahindra Bank Ltd. | 1.29% | 2.11% |
| Bharti Airtel Ltd. | 1.23% | 2.02% |
| Titan Company Ltd. | 1.19% | 1.92% |
| HDFC Bank Ltd. | 1.19% | 1.97% |
| Tata Steel Ltd. | 1.18% | 2.01% |
| Asian Paints Ltd. | 1.09% | 2.01% |
| Apollo Hospitals Enterprise Ltd. | 1.06% | 1.88% |
| ICICI Bank Ltd. | 0.96% | 2.04% |
| Maruti Suzuki India Ltd. | 0.93% | 2.03% |
| Infosys Ltd. | 0.93% | 2.04% |
| Bajaj Finance Ltd. | 0.93% | 1.97% |
| Eicher Motors Ltd. | 0.92% | 1.99% |
| HDFC Life Insurance Company Ltd. | 0.74% | 2.01% |
| Bharat Electronics Ltd. | 0.68% | 2.02% |
| Larsen & Toubro Ltd. | 0.68% | 1.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.5% means 28.5% 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 LIC MF Equity Savings Fund
| Security | % of fund |
|---|---|
| LIC MF LIQUID FUND-DR PLN-GR | 9.73% |
| APL Apollo Tubes Ltd. | 1.78% |
| Bank of Baroda | 1.74% |
| Divi's Laboratories Ltd. | 1.68% |
| Solar Industries India Ltd. | 1.60% |
Largest holdings only in Motilal Oswal Nifty 50 Equal Weight ETF
| Security | % of fund |
|---|---|
| Dr Reddys Laboratories Limited | 2.10% |
| InterGlobe Aviation Limited | 2.07% |
| Adani Ports and Special Economic Zone Limited | 2.06% |
| Axis Bank Limited | 2.05% |
| Coal India Limited | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Equity Savings | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Equity | 66.3% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 33.7% | 0.0% |
Market cap of stocks
| Market cap | LIC MF Equity Savings | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Large Cap | 40.1% | 96.0% |
| Mid Cap | 20.4% | 4.0% |
| Small Cap | 5.9% | 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 | LIC MF Equity Savings | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Banks | 9.4% | 10.2% |
| Automobiles | 4.9% | 10.0% |
| IT - Software | 4.5% | 8.1% |
| Finance | 2.1% | 8.0% |
| Pharmaceuticals & Biotechnology | 7.4% | 6.1% |
| Retailing | 5.7% | 4.0% |
| Consumer Durables | 4.2% | 3.9% |
| Ferrous Metals | 1.2% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Equity Savings vs Motilal Oswal Nifty 50 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Equity Savings Fund | Motilal Oswal Nifty 50 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | Not available |
| Base expense ratio (Direct) | 1.11% | 0.00% |
| Total expense ratio (Regular) | 2.83% | Not available |
| Base expense ratio (Regular) | 1.99% | 0.10% |
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
LIC MF Equity Savings Fund vs Motilal Oswal Nifty 50 Equal Weight ETF: Frequently Asked Questions
What is the difference between LIC MF Equity Savings Fund and Motilal Oswal Nifty 50 Equal Weight ETF?
LIC MF Equity Savings Fund is an Equity Savings fund, Motilal Oswal Nifty 50 Equal Weight ETF is an ETF fund, run by LIC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 28.5%. LIC MF Equity Savings Fund charges 1.86% a year and Motilal Oswal Nifty 50 Equal Weight ETF 0.28%.
Which has given higher returns, LIC MF Equity Savings Fund or Motilal Oswal Nifty 50 Equal Weight ETF?
Over 1 year: LIC MF Equity Savings Fund −0.33%, Motilal Oswal Nifty 50 Equal Weight ETF −4.91%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Equity Savings Fund or Motilal Oswal Nifty 50 Equal Weight ETF?
Motilal Oswal Nifty 50 Equal Weight ETF charges less: 0.28% a year against 1.86%. These are the total expense ratios reported to AMFI.
How much do LIC MF Equity Savings Fund and Motilal Oswal Nifty 50 Equal Weight ETF overlap?
28.5%. They hold 23 of the same securities, the largest shared ones being SBIN, CIPLA, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Equity Savings Fund or Motilal Oswal Nifty 50 Equal Weight ETF?
On SEBI's riskometer, LIC MF Equity Savings Fund is rated Moderate and Motilal Oswal Nifty 50 Equal Weight ETF Very High. Over 1 years, the standard deviation of daily returns was 5.43% and 13.88% a year.
Can I invest in both LIC MF Equity Savings Fund and Motilal Oswal Nifty 50 Equal Weight ETF?
Yes. 28.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Equity Savings Fund and Motilal Oswal Nifty 50 Equal Weight ETF?
LIC MF Equity Savings Fund: Siddharth Panjwani, Pratik Harish Shroff. Motilal Oswal Nifty 50 Equal Weight 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.