Mahindra Manulife Equity Savings Fund vs Motilal Oswal Nifty 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mahindra Manulife Equity Savings Fund is an Equity Savings fund and Motilal Oswal Nifty 100 ETF is an ETF fund. In the year to 30-10-2026, Mahindra Manulife Equity Savings Fund (Direct) returned 2.7% and Motilal Oswal Nifty 100 ETF returned −9.1%. Mahindra Manulife Equity Savings Fund charges 1.28% a year and Motilal Oswal Nifty 100 ETF 0.68%. Their portfolios overlap 39.6%: they hold 37 of the same securities.
Mahindra Manulife Equity Savings Fund
Equity Savings
- 1 year return
- 2.7%
- Expense ratio
- 1.28%
- NAV
- ₹25.40
Motilal Oswal Nifty 100 ETF
ETF
- 1 year return
- −9.1%
- Expense ratio
- 0.68%
- NAV
- ₹24.13
Which is better, Mahindra Manulife Equity Savings or Motilal Oswal Nifty 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mahindra Manulife Equity Savings returned more over 1 year: 2.7% against −9.1%.
- Motilal Oswal Nifty 100 ETF costs less: 0.68% a year against 1.28%.
- Mahindra Manulife Equity Savings fell less in its worst fall since 16-10-2025: −4.6% against −15.0%.
- Motilal Oswal Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 51.3%.
- Mahindra Manulife Equity Savings is the larger fund: ₹519 Cr against ₹16 Cr.
- Their portfolios overlap 39.6%: 37 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 | Mahindra Manulife Equity Savings Fund | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Equity Savings | ETF |
| AUM | ₹519 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹25.40 (Direct) | ₹24.13 |
| Expense ratio (Direct) | 1.28% | Not available |
| Expense ratio (Regular) | 2.83% | Not available |
| Riskometer | Moderately High | Very High |
| Benchmark | Nifty Equity Savings Index | Nifty 100 TRI |
| Launch date | 01-02-2017 | 16-10-2025 |
| Minimum investment | ₹1,000 | 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 | Renjith Sivaram, Navin Matta, Rahul Pal, Kush Sonigara | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days. | Nil |
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 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 |
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Equity Savings Fund (Direct) | −0.12% | −0.68% | +2.15% | +2.74% | +9.27% | +8.05% | -- |
| Motilal Oswal Nifty 100 ETF | +1.00% | −5.44% | −3.26% | −9.06% | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 ETF: Year-wise Returns
| Year | Mahindra Manulife Equity SavingsMahindra Manulife Equity Savings | Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF |
|---|---|---|
| 2026to date | +1.88% | −9.75% |
| 2025 | +8.90% | -- |
| 2024 | +10.14% | -- |
| 2023 | +16.60% | -- |
| 2022 | +4.24% | -- |
| 2021 | +18.36% | -- |
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Motilal Oswal Nifty 100 ETF
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mahindra Manulife Equity SavingsMahindra Manulife Equity Savings Fund (Direct) | ₹1,30,000 | ₹1,32,206 | ₹2,206 | 3.0% |
| Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF | ₹1,30,000 | ₹1,23,641 | −₹6,359 | −8.4% |
Mahindra Manulife Equity SavingsMahindra Manulife Equity Savings Fund (Direct)
Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 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.
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mahindra Manulife Equity Savings Fund (Direct) | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Return (CAGR) | +2.74% | −9.06% |
| Standard deviation | 5.15% | 14.04% |
| Sharpe ratio | -0.49 | -1.02 |
| Sortino ratio | -0.66 | -1.35 |
| Maximum drawdown | −4.6% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.38% |
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 | Mahindra Manulife Equity Savings Fund (Direct) | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Return (CAGR) | +9.99% | −7.74% |
| Standard deviation | 7.62% | 13.84% |
| Sharpe ratio | 0.60 | -0.94 |
| Sortino ratio | 0.81 | -1.25 |
| Maximum drawdown | −20.5% (23-03-2020) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.41% |
From daily NAVs, 08-02-2017 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.
Mahindra Manulife Equity Savings Fund (Direct)
Motilal Oswal Nifty 100 ETF
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mahindra Manulife Equity Savings Fund (Direct) | −4.6% | 11-02-2026 | 30-03-2026 | 18-06-2026 | 3 months | −1.8% |
| Motilal Oswal Nifty 100 ETF | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.5% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 16-10-2025, 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.
Mahindra Manulife Equity Savings Fund (Direct)
Motilal Oswal Nifty 100 ETF
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mahindra Manulife Equity Savings Fund (Direct) | 55% | 24% | 11.29% |
| Motilal Oswal Nifty 100 ETF | 99% | 101% | 0.15% |
From month-end values since 16-10-2025. 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.
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Mahindra Manulife Equity Savings Fund, September 2026; Motilal Oswal Nifty 100 ETF, September 2026
Holdings in common
- Overlap
- 39.6%
- Held by both
- 37
- Only in Mahindra Manulife Equity Savings
- 51
- Only in Motilal Oswal Nifty 100 ETF
- 63
| Security | % of Mahindra Manulife Equity Savings | % of Motilal Oswal Nifty 100 ETF |
|---|---|---|
| HDFC Bank Limited | 6.04% | 8.41% |
| ICICI Bank Limited | 5.87% | 7.34% |
| Reliance Industries Limited | 5.40% | 6.15% |
| Mahindra & Mahindra Limited | 2.30% | 2.04% |
| Bajaj Finance Ltd | 4.79% | 2.03% |
| Larsen & Toubro Limited | 1.74% | 3.41% |
| Kotak Mahindra Bank Ltd | 1.56% | 2.38% |
| Sun Pharmaceutical Industries Limited | 3.30% | 1.49% |
| Bharti Airtel Limited | 1.25% | 4.14% |
| State Bank of India | 0.97% | 3.07% |
| Divi's Laboratories Limited | 1.22% | 0.92% |
| Titan Company Limited | 0.76% | 1.47% |
| Axis Bank Limited | 0.73% | 2.73% |
| Eternal Limited | 0.56% | 1.80% |
| Tech Mahindra Limited | 0.54% | 0.75% |
| Tata Steel Limited | 0.52% | 1.18% |
| Shriram Finance Limited | 0.51% | 1.07% |
| Infosys Limited | 0.48% | 2.72% |
| Hindustan Aeronautics Limited | 0.45% | 0.69% |
| NTPC Limited | 0.41% | 1.19% |
| TVS Motor Company Limited | 0.37% | 0.75% |
| Tata Power Company Limited | 0.35% | 0.47% |
| Hindalco Industries Limited | 0.35% | 1.06% |
| Oil & Natural Gas Corporation Limited | 0.34% | 0.68% |
| Bharat Electronics Limited | 0.34% | 1.08% |
| SBI Life Insurance Company Limited | 0.34% | 0.59% |
| Jindal Steel Limited | 1.63% | 0.33% |
| Bank of Baroda | 0.36% | 0.33% |
| Power Grid Corporation of India Limited | 0.33% | 0.91% |
| Tata Motors Ltd | 0.33% | 0.68% |
| Hindustan Unilever Limited | 0.32% | 1.29% |
| Grasim Industries Limited | 0.32% | 0.90% |
| Canara Bank | 1.74% | 0.31% |
| Tata Consumer Products Limited | 0.31% | 0.48% |
| Union Bank of India | 0.36% | 0.26% |
| Hyundai Motor India Ltd | 0.35% | 0.22% |
| Ambuja Cements Limited | 3.73% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.6% means 39.6% 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 Mahindra Manulife Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.4% Bharti Telecom Limited 2029 | 3.77% |
| 364 Days Tbill 2027 | 2.78% |
| 7.79% Bajaj Housing Finance Limited 2031 | 2.36% |
| 8.37% REC Limited 2028 | 1.96% |
| 8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN) | 1.93% |
Largest holdings only in Motilal Oswal Nifty 100 ETF
| Security | % of fund |
|---|---|
| ITC Limited | 1.96% |
| Tata Consultancy Services Limited | 1.62% |
| Maruti Suzuki India Limited | 1.21% |
| Adani Ports and Special Economic Zone Limited | 1.09% |
| UltraTech Cement Limited | 1.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mahindra Manulife Equity Savings | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Equity | 61.6% | 100.0% |
| Debt | 29.1% | 0.0% |
| Cash and others | 9.3% | -0.0% |
Market cap of stocks
| Market cap | Mahindra Manulife Equity Savings | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Large Cap | 51.3% | 98.0% |
| Mid Cap | 4.0% | 2.0% |
| Small Cap | 6.3% | 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 | Mahindra Manulife Equity Savings | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Banks | 17.6% | 25.1% |
| Petroleum Products | 5.5% | 7.0% |
| IT - Software | 1.6% | 6.7% |
| Automobiles | 3.0% | 6.4% |
| Finance | 5.7% | 6.2% |
| Pharmaceuticals & Biotechnology | 5.5% | 4.3% |
| Cement & Cement Products | 4.6% | 2.1% |
| Telecom - Services | 1.3% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Mahindra Manulife Equity Savings vs Motilal Oswal Nifty 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mahindra Manulife Equity Savings Fund | Motilal Oswal Nifty 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.28% | Not available |
| Base expense ratio (Direct) | 0.75% | 0.00% |
| Total expense ratio (Regular) | 2.83% | Not available |
| Base expense ratio (Regular) | 2.09% | 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.
More comparisons
Each fund against the others of its category
Compare Mahindra Manulife Equity Savings with
Mahindra Manulife Equity Savings Fund vs Motilal Oswal Nifty 100 ETF: Frequently Asked Questions
What is the difference between Mahindra Manulife Equity Savings Fund and Motilal Oswal Nifty 100 ETF?
Mahindra Manulife Equity Savings Fund is an Equity Savings fund, Motilal Oswal Nifty 100 ETF is an ETF fund, run by Mahindra Manulife Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 39.6%. Mahindra Manulife Equity Savings Fund charges 1.28% a year and Motilal Oswal Nifty 100 ETF 0.68%.
Which has given higher returns, Mahindra Manulife Equity Savings Fund or Motilal Oswal Nifty 100 ETF?
Over 1 year: Mahindra Manulife Equity Savings Fund +2.74%, Motilal Oswal Nifty 100 ETF −9.06%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mahindra Manulife Equity Savings Fund or Motilal Oswal Nifty 100 ETF?
Motilal Oswal Nifty 100 ETF charges less: 0.68% a year against 1.28%. These are the total expense ratios reported to AMFI.
How much do Mahindra Manulife Equity Savings Fund and Motilal Oswal Nifty 100 ETF overlap?
39.6%. They hold 37 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Mahindra Manulife Equity Savings Fund or Motilal Oswal Nifty 100 ETF?
On SEBI's riskometer, Mahindra Manulife Equity Savings Fund is rated Moderately High and Motilal Oswal Nifty 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 5.15% and 14.04% a year.
Can I invest in both Mahindra Manulife Equity Savings Fund and Motilal Oswal Nifty 100 ETF?
Yes. 39.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mahindra Manulife Equity Savings Fund and Motilal Oswal Nifty 100 ETF?
Mahindra Manulife Equity Savings Fund: Renjith Sivaram, Navin Matta, Rahul Pal, Kush Sonigara. Motilal Oswal Nifty 100 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.