LIC MF Technology Fund vs Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Technology Fund is a Thematic fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund is a mutual fund. LIC MF Technology Fund charges 1.07% a year and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund 0.95% (Direct plans). Their portfolios overlap 21.2%: they hold 7 of the same securities.
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
- Expense ratio
- 0.95%
- NAV
- ₹9.80
Which is better, LIC MF Technology or Motilal Oswal Nifty MidSmall IT and Telecom Index? 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 MidSmall IT and Telecom Index costs less: 0.95% a year against 1.07% (Direct plans).
- LIC MF Technology fell less in its worst fall since 19-03-2026: −6.8% against −10.9%.
- LIC MF Technology holds more in large companies: 38.5% of the fund in large caps against 12.7%.
- LIC MF Technology is the larger fund: ₹90 Cr against ₹52 Cr.
- Their portfolios overlap 21.2%: 7 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 Technology Fund | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹90 Cr (30-09-2026) | ₹52 Cr (30-09-2026) |
| NAV | ₹11.33 (Direct) | ₹9.80 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.95% |
| Expense ratio (Regular) | 2.81% | 1.36% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Teck TRI | Not available |
| Launch date | 13-03-2026 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Sumit Bhatnagar, Siddharth Panjwani | Not available |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | Not available |
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom 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 Technology Fund (Direct) | +5.11% | +1.54% | +8.31% | -- | -- | -- | -- |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) | +7.50% | +4.18% | +18.60% | +0.68% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Year-wise Returns
| Year | LIC MF TechnologyLIC MF Technology | Motilal Oswal Nifty MidSmall IT and Telecom IndexMotilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| 2026to date | -- | −0.01% |
| 2025 | -- | −8.73% |
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of LIC MF Technology Fund
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Technology Fund (Direct) | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.17% | −3.27% |
| Standard deviation | 12.78% | 21.68% |
| Sharpe ratio | 1.32 | -0.41 |
| Sortino ratio | 1.95 | -0.57 |
| Maximum drawdown | −6.8% (30-09-2026) | −32.8% (23-03-2026) |
| Beta | 0.53 | 1.00 |
| Alpha | +9.83% | −1.18% |
From daily NAVs, 19-03-2026 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 Technology Fund (Direct)
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular)
BSE TECK TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Technology Fund (Direct) | −6.8% | 28-08-2026 | 30-09-2026 | Not yet | -- | −2.1% |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular) | −10.9% | 28-08-2026 | 29-09-2026 | Not yet | -- | −3.0% |
| BSE TECK TRI | −11.5% | 08-04-2026 | 01-07-2026 | 29-07-2026 | 28 days | 0.0% |
From daily values since 19-03-2026, the first day every fund has.
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Technology Fund, September 2026; Motilal Oswal Nifty MidSmall IT and Telecom Index Fund, September 2026
Holdings in common
- Overlap
- 21.2%
- Held by both
- 7
- Only in LIC MF Technology
- 23
- Only in Motilal Oswal Nifty MidSmall IT and Telecom Index
- 13
| Security | % of LIC MF Technology | % of Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Persistent Systems Ltd. | 6.48% | 15.21% |
| Tata Communications Ltd. | 3.63% | 5.15% |
| Coforge Ltd. | 3.01% | 16.13% |
| Mphasis Ltd. | 2.87% | 7.55% |
| Affle 3i Ltd. | 2.36% | 2.54% |
| Indus Towers Ltd. | 1.65% | 12.72% |
| L&T Technology Services Ltd. | 1.23% | 2.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.2% means 21.2% 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 Technology Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 9.04% |
| Infosys Ltd. | 7.38% |
| Eternal Ltd. | 5.51% |
| Tech Mahindra Ltd. | 5.10% |
| Tata Consultancy Services Ltd. | 4.79% |
Largest holdings only in Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
| Security | % of fund |
|---|---|
| Oracle Financial Services Software Limited | 6.72% |
| HFCL Limited | 5.71% |
| Tata Technologies Ltd | 3.22% |
| Bharti Hexacom Limited | 2.84% |
| Tata Elxsi Limited | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Equity | 87.6% | 99.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 12.4% | 0.5% |
Market cap of stocks
| Market cap | LIC MF Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Large Cap | 38.5% | 12.7% |
| Mid Cap | 35.2% | 56.0% |
| Small Cap | 13.5% | 30.8% |
| Not on AMFI's list | 0.4% | 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 Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| IT - Software | 33.6% | 55.3% |
| Telecom - Services | 14.3% | 26.4% |
| IT - Services | 3.6% | 17.8% |
| Retailing | 11.7% | 0.0% |
| Capital Markets | 6.6% | 0.0% |
| Electrical Equipment | 6.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Technology Fund | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.95% |
| Base expense ratio (Direct) | 0.62% | 0.55% |
| Total expense ratio (Regular) | 2.81% | 1.36% |
| Base expense ratio (Regular) | 2.10% | 0.90% |
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 Technology Fund vs Motilal Oswal Nifty MidSmall IT and Telecom Index Fund: Frequently Asked Questions
What is the difference between LIC MF Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
LIC MF Technology Fund is a Thematic fund, Motilal Oswal Nifty MidSmall IT and Telecom Index Fund is a mutual fund, run by LIC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 21.2%. LIC MF Technology Fund charges 1.07% a year and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund 0.95%.
Which has the lower expense ratio, LIC MF Technology Fund or Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund charges less: 0.95% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund overlap?
21.2%. They hold 7 of the same securities, the largest shared ones being PERSISTENT, TATACOMM, COFORGE. From each fund's latest monthly portfolio.
Can I invest in both LIC MF Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Yes. 21.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.