LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Nifty 50 ETF is an ETF fund and Motilal Oswal Nifty 50 Index Fund is an Index fund. In the 3 years to 30-10-2026, LIC MF Nifty 50 ETF returned 7.5% a year and Motilal Oswal Nifty 50 Index Fund (Direct) returned 7.4% a year. LIC MF Nifty 50 ETF charges 0.09% a year and Motilal Oswal Nifty 50 Index Fund 0.19%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
Motilal Oswal Nifty 50 Index Fund
Index
- 3 year return
- 7.4%
- Expense ratio
- 0.19%
- NAV
- ₹20.14
Which is better, LIC MF Nifty 50 ETF or Motilal Oswal Nifty 50 Index? 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 Nifty 50 ETF returned more over 5 years: 6.6% a year against 6.5%.
- LIC MF Nifty 50 ETF returned more over 3 years: 7.5% a year against 7.4%.
- LIC MF Nifty 50 ETF costs less: 0.09% a year against 0.19%.
- Motilal Oswal Nifty 50 Index swung less over 3 years: a standard deviation of 13.2% a year against 13.2%.
- Motilal Oswal Nifty 50 Index fell less in its worst fall since 26-12-2019: −37.3% against −38.3%.
- Motilal Oswal Nifty 50 Index is the larger fund: ₹845 Cr against ₹816 Cr.
- Their portfolios overlap 99.9%: 50 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 Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Index |
| AUM | ₹816 Cr (30-09-2026) | ₹845 Cr (30-09-2026) |
| NAV | ₹259.04 | ₹20.14 (Direct) |
| Expense ratio (Direct) | Not available | 0.19% |
| Expense ratio (Regular) | Not available | 0.61% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 20-11-2015 | 23-12-2019 |
| Minimum investment | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Swapnil Mayekar |
| Exit load | Nil | Nil |
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: 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 Nifty 50 ETF | +1.95% | −5.00% | −3.15% | −10.06% | +7.53% | +6.59% | +11.51% |
| Motilal Oswal Nifty 50 Index Fund (Direct) | +1.94% | −5.06% | −3.20% | −10.10% | +7.44% | +6.50% | -- |
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: Year-wise Returns
| Year | LIC MF Nifty 50 ETFLIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 IndexMotilal Oswal Nifty 50 Index | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −10.96% | −11.01% | −10.91% |
| 2025 | +11.82% | +11.71% | +11.88% |
| 2024 | +9.94% | +9.84% | +10.09% |
| 2023 | +21.06% | +21.11% | +21.30% |
| 2022 | +5.65% | +5.49% | +5.69% |
| 2021 | +25.36% | +24.93% | +25.59% |
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 948 of them, one for each trading day from 26-12-2022 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 Nifty 50 ETF
Motilal Oswal Nifty 50 Index Fund (Direct)
Nifty 50 TRI
to
Apr 2023Dec 2020
to
Dec 2023Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 Nifty 50 ETF | 0.0 | 0.0 | 12.4 | 41.8 | 30.9 | 9.7 | 5.2 | 15.2% | 14.7% | 5.3% | 32.3% | 1% |
| Motilal Oswal Nifty 50 Index | 0.0 | 0.0 | 12.8 | 42.3 | 30.3 | 9.9 | 4.7 | 15.0% | 14.6% | 5.2% | 31.5% | 0% |
| Nifty 50 TRI | 0.0 | 0.0 | 12.0 | 40.2 | 32.8 | 9.8 | 5.2 | 15.3% | 14.8% | 5.4% | 32.4% | -- |
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 50 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 26-12-2019. Past returns do not promise future returns.
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: 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 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Nifty 50 ETFLIC MF Nifty 50 ETF | ₹8,30,000 | ₹11,35,777 | ₹3,05,777 | 8.9% |
| Motilal Oswal Nifty 50 IndexMotilal Oswal Nifty 50 Index Fund (Direct) | ₹8,30,000 | ₹11,31,414 | ₹3,01,414 | 8.8% |
LIC MF Nifty 50 ETFLIC MF Nifty 50 ETF
Motilal Oswal Nifty 50 IndexMotilal Oswal Nifty 50 Index 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.
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.06% | −10.10% |
| Standard deviation | 13.75% | 13.61% |
| Sharpe ratio | -1.11 | -1.13 |
| Sortino ratio | -1.48 | -1.51 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.09% | −0.12% |
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 Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.53% | +7.44% |
| Standard deviation | 13.24% | 13.19% |
| Sharpe ratio | 0.11 | 0.11 |
| Sortino ratio | 0.16 | 0.15 |
| Maximum drawdown | −15.4% (04-03-2025) | −15.5% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.10% | −0.19% |
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 | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.59% | +6.50% |
| Standard deviation | 13.71% | 13.68% |
| Sharpe ratio | 0.06 | 0.05 |
| Sortino ratio | 0.08 | 0.07 |
| Maximum drawdown | −15.8% (17-06-2022) | −15.9% (17-06-2022) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.11% | −0.19% |
From daily NAVs, 29-10-2021 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.
| Measure | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.57% | +10.96% |
| Standard deviation | 15.90% | 17.23% |
| Sharpe ratio | 0.38 | 0.34 |
| Sortino ratio | 0.52 | 0.46 |
| Maximum drawdown | −38.3% (23-03-2020) | −37.3% (23-03-2020) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.12% | −0.06% |
From daily NAVs, 23-11-2015 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 Nifty 50 ETF
Motilal Oswal Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Nifty 50 ETF | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
| Motilal Oswal Nifty 50 Index Fund (Direct) | −37.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.7% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 26-12-2019, 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 Nifty 50 ETF
Motilal Oswal Nifty 50 Index Fund (Direct)
Nifty 50 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.
LIC MF Nifty 50 ETF
Motilal Oswal Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Nifty 50 ETF
Motilal Oswal Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Nifty 50 ETF | 100% | 100% | 0.09% |
| Motilal Oswal Nifty 50 Index Fund (Direct) | 99% | 100% | 0.28% |
From month-end values since 26-12-2019. 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 Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Nifty 50 ETF, September 2026; Motilal Oswal Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in LIC MF Nifty 50 ETF
- 0
- Only in Motilal Oswal Nifty 50 Index
- 0
| Security | % of LIC MF Nifty 50 ETF | % of Motilal Oswal Nifty 50 Index |
|---|---|---|
| HDFC Bank Ltd. | 10.39% | 10.39% |
| ICICI Bank Ltd. | 9.04% | 9.06% |
| Reliance Industries Ltd. | 7.58% | 7.59% |
| Bharti Airtel Ltd. | 5.10% | 5.11% |
| Larsen & Toubro Ltd. | 4.21% | 4.21% |
| State Bank of India | 3.79% | 3.79% |
| Infosys Ltd. | 3.36% | 3.36% |
| Axis Bank Ltd. | 3.36% | 3.37% |
| Kotak Mahindra Bank Ltd. | 2.94% | 2.94% |
| Mahindra & Mahindra Ltd. | 2.52% | 2.52% |
| Bajaj Finance Ltd. | 2.49% | 2.50% |
| ITC Ltd. | 2.42% | 2.42% |
| Eternal Ltd. | 2.22% | 2.22% |
| Tata Consultancy Services Ltd. | 2.01% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 1.83% | 1.84% |
| Titan Company Ltd. | 1.81% | 1.81% |
| Hindustan Unilever Ltd. | 1.59% | 1.59% |
| Maruti Suzuki India Ltd. | 1.48% | 1.49% |
| Tata Steel Ltd. | 1.47% | 1.46% |
| NTPC Ltd. | 1.46% | 1.47% |
| Adani Ports & Special Economic Zone Ltd. | 1.33% | 1.35% |
| Bharat Electronics Ltd. | 1.33% | 1.33% |
| Shriram Finance Ltd. | 1.31% | 1.32% |
| Hindalco Industries Ltd. | 1.30% | 1.30% |
| Ultratech Cement Ltd. | 1.25% | 1.24% |
| HCL Technologies Ltd. | 1.24% | 1.24% |
| BSE Ltd. | 1.18% | 1.21% |
| JSW Steel Ltd. | 1.14% | 1.15% |
| Bajaj Auto Ltd. | 1.13% | 1.13% |
| Power Grid Corporation of India Ltd. | 1.13% | 1.13% |
| Grasim Industries Ltd. | 1.10% | 1.11% |
| InterGlobe Aviation Ltd. | 1.08% | 1.08% |
| Asian Paints Ltd. | 1.04% | 1.04% |
| Coal India Ltd. | 0.97% | 0.97% |
| Bajaj Finserv Ltd. | 0.96% | 0.96% |
| Eicher Motors Ltd. | 0.95% | 0.94% |
| Adani Enterprises Ltd. | 0.93% | 0.94% |
| Tech Mahindra Ltd. | 0.93% | 0.93% |
| Nestle India Ltd. | 0.90% | 0.90% |
| Oil & Natural Gas Corporation Ltd. | 0.84% | 0.84% |
| Trent Ltd. | 0.83% | 0.83% |
| Apollo Hospitals Enterprise Ltd. | 0.81% | 0.80% |
| SBI Life Insurance Company Ltd. | 0.73% | 0.73% |
| Dr. Reddy's Laboratories Ltd. | 0.72% | 0.72% |
| Cipla Ltd. | 0.72% | 0.72% |
| Jio Financial Services Ltd. | 0.68% | 0.68% |
| Max Healthcare Institute Ltd. | 0.66% | 0.66% |
| Tata Consumer Products Ltd. | 0.59% | 0.59% |
| Tata Motors Passenger Vehicles Ltd. | 0.57% | 0.57% |
| HDFC Life Insurance Company Ltd. | 0.54% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Nifty 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in Motilal Oswal Nifty 50 Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index |
|---|---|---|
| Large Cap | 98.6% | 98.7% |
| Mid Cap | 1.4% | 1.4% |
| Small Cap | 0.0% | 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 Nifty 50 ETF | Motilal Oswal Nifty 50 Index |
|---|---|---|
| Banks | 29.5% | 29.6% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.5% | 7.5% |
| Automobiles | 6.7% | 6.7% |
| Finance | 5.4% | 5.5% |
| Telecom - Services | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Nifty 50 ETF | Motilal Oswal Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.19% |
| Base expense ratio (Direct) | 0.00% | 0.13% |
| Total expense ratio (Regular) | Not available | 0.61% |
| Base expense ratio (Regular) | 0.07% | 0.50% |
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.
LIC MF Nifty 50 ETF vs Motilal Oswal Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between LIC MF Nifty 50 ETF and Motilal Oswal Nifty 50 Index Fund?
LIC MF Nifty 50 ETF is an ETF fund, Motilal Oswal Nifty 50 Index Fund is an Index fund, run by LIC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 99.9%. LIC MF Nifty 50 ETF charges 0.09% a year and Motilal Oswal Nifty 50 Index Fund 0.19%.
Which has given higher returns, LIC MF Nifty 50 ETF or Motilal Oswal Nifty 50 Index Fund?
Over 1 year: LIC MF Nifty 50 ETF −10.06%, Motilal Oswal Nifty 50 Index Fund −10.10%. Over 3 years: LIC MF Nifty 50 ETF +7.53% a year, Motilal Oswal Nifty 50 Index Fund +7.44% a year. Over 5 years: LIC MF Nifty 50 ETF +6.59% a year, Motilal Oswal Nifty 50 Index Fund +6.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Nifty 50 ETF or Motilal Oswal Nifty 50 Index Fund?
LIC MF Nifty 50 ETF charges less: 0.09% a year against 0.19%. These are the total expense ratios reported to AMFI.
How much do LIC MF Nifty 50 ETF and Motilal Oswal Nifty 50 Index Fund overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Nifty 50 ETF or Motilal Oswal Nifty 50 Index Fund?
On SEBI's riskometer, LIC MF Nifty 50 ETF is rated Very High and Motilal Oswal Nifty 50 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 13.24% and 13.19% a year.
Which is better for SIP, LIC MF Nifty 50 ETF or Motilal Oswal Nifty 50 Index Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,95,541 in LIC MF Nifty 50 ETF (XIRR 5.1% a year) and ₹6,94,101 in Motilal Oswal Nifty 50 Index Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Nifty 50 ETF and Motilal Oswal Nifty 50 Index Fund?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF Nifty 50 ETF and Motilal Oswal Nifty 50 Index Fund?
LIC MF Nifty 50 ETF: Nikhil Kapoor, Sasikant Aravamuthan. Motilal Oswal Nifty 50 Index Fund: Swapnil Mayekar.
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.