MahindraManulife Banking & Financial Services Fund vs Motilal Oswal Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
MahindraManulife Banking & Financial Services Fund is a Sectoral fund and Motilal Oswal Financial Services Fund is a Thematic fund. MahindraManulife Banking & Financial Services Fund charges 1.13% a year and Motilal Oswal Financial Services Fund 1.32% (Direct plans). Their portfolios overlap 49.2%: they hold 17 of the same securities.
MahindraManulife Banking & Financial Services Fund
Sectoral
- Expense ratio
- 1.13%
- NAV
- ₹10.16
Motilal Oswal Financial Services Fund
Thematic
- Expense ratio
- 1.32%
- NAV
- ₹10.21
Which is better, MahindraManulife Banking & Financial Services or Motilal Oswal Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- MahindraManulife Banking & Financial Services costs less: 1.13% a year against 1.32% (Direct plans).
- Motilal Oswal Financial Services fell less in its worst fall since 20-02-2026: −11.4% against −15.7%.
- MahindraManulife Banking & Financial Services holds more in large companies: 56.2% of the fund in large caps against 43.4%.
- MahindraManulife Banking & Financial Services is the larger fund: ₹445 Cr against ₹209 Cr.
- Their portfolios overlap 49.2%: 17 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 | MahindraManulife Banking & Financial Services Fund | Motilal Oswal Financial Services Fund |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹445 Cr (30-09-2026) | ₹209 Cr (30-09-2026) |
| NAV | ₹10.16 (Direct) | ₹10.21 (Direct) |
| Expense ratio (Direct) | 1.13% | 1.32% |
| Expense ratio (Regular) | 2.77% | 2.70% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Financial Services TRI | Not available |
| Launch date | 18-07-2025 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Vishal Jajoo, Chetan Sanjay Gindodia | Not available |
| Exit load | Exit Load (as % of NAV) #: -An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment; - Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO). # Applicable for normal subscriptions / redemptions including transactions under special products such as SIP, SWP, switches, etc. offered by the AMC. For detailed load structure disclosure, please refer SID. | Not available |
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: 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 |
|---|---|---|---|---|---|---|---|
| MahindraManulife Banking & Financial Services Fund (Direct) | −2.34% | −6.10% | −2.50% | −3.33% | -- | -- | -- |
| Motilal Oswal Financial Services Fund (Direct) | −0.10% | −2.96% | +3.29% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: Year-wise Returns
| Year | MahindraManulife Banking &MahindraManulife Banking & Financial Services | Motilal OswalMotilal Oswal Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −5.39% | -- | −9.69% |
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | MahindraManulife Banking & Financial Services Fund (Direct) | Motilal Oswal Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.19% | +3.00% |
| Standard deviation | 16.54% | 19.80% |
| Sharpe ratio | -0.25 | -0.11 |
| Sortino ratio | -0.34 | -0.16 |
| Maximum drawdown | −15.7% (31-03-2026) | −11.4% (30-03-2026) |
| Beta | 0.99 | 0.94 |
| Alpha | +6.78% | +18.12% |
From daily NAVs, 21-07-2025 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.
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.
MahindraManulife Banking & Financial Services Fund (Direct)
Motilal Oswal Financial Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| MahindraManulife Banking & Financial Services Fund (Direct) | −15.7% | 26-02-2026 | 31-03-2026 | 21-08-2026 | 5 months | −9.8% |
| Motilal Oswal Financial Services Fund (Direct) | −11.4% | 20-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.5% |
| Nifty Financial Services TRI | −17.3% | 23-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 20-02-2026, the first day every fund has.
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: MahindraManulife Banking & Financial Services Fund, September 2026; Motilal Oswal Financial Services Fund, September 2026
Holdings in common
- Overlap
- 49.2%
- Held by both
- 17
- Only in MahindraManulife Banking & Financial Services
- 14
- Only in Motilal Oswal Financial Services
- 12
| Security | % of MahindraManulife Banking & Financial Services | % of Motilal Oswal Financial Services |
|---|---|---|
| ICICI Bank Limited | 11.88% | 6.31% |
| State Bank of India | 5.39% | 6.56% |
| Multi Commodity Exchange of India Limited | 4.95% | 5.75% |
| Bajaj Finance Ltd | 4.54% | 4.69% |
| Kotak Mahindra Bank Ltd | 4.34% | 3.86% |
| HDFC Bank Limited | 10.18% | 3.39% |
| One 97 Communications Limited | 3.34% | 3.89% |
| Shriram Finance Limited | 4.92% | 2.82% |
| Karur Vysya Bank Limited | 2.86% | 2.48% |
| Axis Bank Limited | 7.50% | 2.36% |
| IndusInd Bank Limited | 2.05% | 3.58% |
| Aditya Birla Capital Limited | 3.79% | 1.82% |
| Piramal Finance Limited | 1.66% | 1.95% |
| PNB Housing Finance Limited | 1.25% | 2.67% |
| Cholamandalam Investment and Finance Company Limited | 1.17% | 3.82% |
| SBI Funds Management Limited | 1.03% | 0.92% |
| Indian Bank | 0.85% | 2.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.2% means 49.2% 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 MahindraManulife Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| Ujjivan Small Finance Bank Limited | 4.28% |
| Nippon Life India Asset Management Limited | 2.89% |
| SBI Life Insurance Company Limited | 2.86% |
| Max Financial Services Limited | 2.59% |
| Angel One Limited | 2.19% |
Largest holdings only in Motilal Oswal Financial Services Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 3.37% |
| Muthoot Finance Limited | 3.14% |
| Moneyview Limited | 3.13% |
| Prudent Corporate Advisory Services Limited | 3.10% |
| Onemi Technology Solutions Limited | 2.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | MahindraManulife Banking & Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Equity | 97.5% | 88.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.5% | 11.1% |
Market cap of stocks
| Market cap | MahindraManulife Banking & Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Large Cap | 56.2% | 43.4% |
| Mid Cap | 26.8% | 21.4% |
| Small Cap | 13.5% | 20.0% |
| Not on AMFI's list | 1.0% | 4.0% |
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 | MahindraManulife Banking & Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Banks | 54.3% | 38.7% |
| Finance | 19.8% | 23.4% |
| Capital Markets | 12.9% | 15.3% |
| Financial Technology (Fintech) | 5.0% | 9.2% |
| Insurance | 5.5% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
MahindraManulife Banking & Financial Services vs Motilal Oswal Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | MahindraManulife Banking & Financial Services Fund | Motilal Oswal Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.13% | 1.32% |
| Base expense ratio (Direct) | 0.65% | 0.78% |
| Total expense ratio (Regular) | 2.77% | 2.70% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
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
Compare MahindraManulife Banking & Financial Services with
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Compare Motilal Oswal Financial Services with
- Motilal Oswal Financial Services vs Nippon India Taiwan Equity
- Motilal Oswal Financial Services vs HDFC Defence
- Motilal Oswal Financial Services vs HDFC Pharma and Healthcare
- Motilal Oswal Financial Services vs SBI Healthcare Opportunities
- Motilal Oswal Financial Services vs Aditya Birla Sun Life International Equity
MahindraManulife Banking & Financial Services Fund vs Motilal Oswal Financial Services Fund: Frequently Asked Questions
What is the difference between MahindraManulife Banking & Financial Services Fund and Motilal Oswal Financial Services Fund?
MahindraManulife Banking & Financial Services Fund is a Sectoral fund, Motilal Oswal Financial Services Fund is a Thematic fund, run by Mahindra Manulife Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 49.2%. MahindraManulife Banking & Financial Services Fund charges 1.13% a year and Motilal Oswal Financial Services Fund 1.32%.
Which has the lower expense ratio, MahindraManulife Banking & Financial Services Fund or Motilal Oswal Financial Services Fund?
MahindraManulife Banking & Financial Services Fund charges less: 1.13% a year against 1.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do MahindraManulife Banking & Financial Services Fund and Motilal Oswal Financial Services Fund overlap?
49.2%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, SBIN, MCX. From each fund's latest monthly portfolio.
Can I invest in both MahindraManulife Banking & Financial Services Fund and Motilal Oswal Financial Services Fund?
Yes. 49.2% of each fund's money sits in the same holdings, so a large part 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.