Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund and Motilal Oswal BSE Low Volatility Index Fund is an Index fund. In the 3 years to 30-10-2026, Mirae Asset Nifty 100 Low Volatility 30 ETF returned 9.6% a year and Motilal Oswal BSE Low Volatility Index Fund (Direct) returned 6.3% a year. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and Motilal Oswal BSE Low Volatility Index Fund 0.64%. Their portfolios overlap 58.8%: they hold 18 of the same securities.
Mirae Asset Nifty 100 Low Volatility 30 ETF
ETF
- 3 year return
- 9.6%
- Expense ratio
- 0.48%
- NAV
- ₹195.74
Motilal Oswal BSE Low Volatility Index Fund
Index
- 3 year return
- 6.3%
- Expense ratio
- 0.64%
- NAV
- ₹14.99
Which is better, Mirae Asset Nifty 100 Low Volatility 30 ETF or Motilal Oswal BSE Low Volatility Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty 100 Low Volatility 30 ETF returned more over 3 years: 9.6% a year against 6.3%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF returned more over 1 year: −7.9% against −12.1%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF costs less: 0.48% a year against 0.64%.
- Motilal Oswal BSE Low Volatility Index swung less over 3 years: a standard deviation of 11.3% a year against 11.6%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 27-03-2023: −18.1% against −18.6%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF holds more in large companies: 96.8% of the fund in large caps against 64.7%.
- Motilal Oswal BSE Low Volatility Index is the larger fund: ₹59 Cr against ₹41 Cr.
- Their portfolios overlap 58.8%: 18 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 | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Index |
| AUM | ₹41 Cr (30-09-2026) | ₹59 Cr (30-09-2026) |
| NAV | ₹195.74 | ₹14.99 (Direct) |
| Expense ratio (Direct) | Not available | 0.64% |
| Expense ratio (Regular) | Not available | 1.33% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 Low Volatility 30 TRI | BSE Low Volatility TRI |
| Launch date | 24-03-2023 | 23-03-2022 |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units | INF247L01AY5 |
| Lock in | None | None |
| Fund managers | Ekta Gala, amp, Akshay Udeshi | Swapnil Mayekar, Rakesh Shetty |
| Exit load | Nil | Exit load of 1% if redeemed within 15 days. |
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty 100 Low Volatility 30 ETF | +1.27% | −7.38% | −2.65% | −7.87% | +9.58% | -- | -- |
| Motilal Oswal BSE Low Volatility Index Fund (Direct) | −0.82% | −9.48% | −7.15% | −12.14% | +6.26% | -- | -- |
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index: Year-wise Returns
| Year | Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility IndexMotilal Oswal BSE Low Volatility Index |
|---|---|---|
| 2026to date | −9.38% | −13.30% |
| 2025 | +11.05% | +8.18% |
| 2024 | +12.08% | +10.55% |
| 2023 | -- | +29.68% |
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index: Rolling Returns
Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of Mirae Asset Nifty 100 Low Volatility 30 ETF
Rolling returns
Every 3-year holding period, 146 of them, one for each trading day from 27-03-2026 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF
Motilal Oswal BSE Low Volatility Index Fund (Direct)
Nifty100 Low Volatility 30 TRI
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty 100 Low Volatility 30 ETF | 0.0 | 0.0 | 23.3 | 71.9 | 4.8 | 0.0 | 0.0 | 11.9% | 12.0% | 7.9% | 15.9% | 0% |
| Motilal Oswal BSE Low Volatility Index | 0.0 | 0.0 | 51.4 | 48.6 | 0.0 | 0.0 | 0.0 | 9.7% | 9.7% | 5.0% | 13.7% | 0% |
| Nifty100 Low Volatility 30 TRI | 0.0 | 0.0 | 21.2 | 69.2 | 9.6 | 0.0 | 0.0 | 12.2% | 12.4% | 8.3% | 16.3% | -- |
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 Nifty100 Low Volatility 30 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 27-03-2023. Past returns do not promise future returns.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility 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 27-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF | ₹4,40,000 | ₹4,73,551 | ₹33,551 | 4.0% |
| Motilal Oswal BSE Low Volatility IndexMotilal Oswal BSE Low Volatility Index Fund (Direct) | ₹4,40,000 | ₹4,39,837 | −₹163 | −0.0% |
Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF
Motilal Oswal BSE Low Volatility IndexMotilal Oswal BSE Low Volatility 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.87% | −12.14% |
| Standard deviation | 12.46% | 11.81% |
| Sharpe ratio | -1.05 | -1.47 |
| Sortino ratio | -1.38 | -1.86 |
| Maximum drawdown | −14.3% (31-03-2026) | −15.8% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.04% |
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 | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.58% | +6.26% |
| Standard deviation | 11.60% | 11.31% |
| Sharpe ratio | 0.31 | 0.02 |
| Sortino ratio | 0.43 | 0.03 |
| Maximum drawdown | −18.1% (04-03-2025) | −18.6% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.57% |
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 | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.57% | +9.25% |
| Standard deviation | 11.11% | 10.97% |
| Sharpe ratio | 0.58 | 0.30 |
| Sortino ratio | 0.82 | 0.41 |
| Maximum drawdown | −18.1% (04-03-2025) | −18.6% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.44% |
From daily NAVs, 27-03-2023 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF
Motilal Oswal BSE Low Volatility Index Fund (Direct)
Nifty100 Low Volatility 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty 100 Low Volatility 30 ETF | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.9% |
| Motilal Oswal BSE Low Volatility Index Fund (Direct) | −18.6% | 27-09-2024 | 23-10-2026 | Not yet | -- | −17.2% |
| Nifty100 Low Volatility 30 TRI | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.2% |
From daily values since 27-03-2023, 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF
Motilal Oswal BSE Low Volatility Index Fund (Direct)
Nifty100 Low Volatility 30 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF
Motilal Oswal BSE Low Volatility Index Fund (Direct)
Nifty100 Low Volatility 30 TRI
Against Nifty100 Low Volatility 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Nifty 100 Low Volatility 30 ETF | 99% | 101% | 0.05% |
| Motilal Oswal BSE Low Volatility Index Fund (Direct) | 86% | 96% | 3.81% |
From month-end values since 27-03-2023. 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty 100 Low Volatility 30 ETF, September 2026; Motilal Oswal BSE Low Volatility Index Fund, September 2026
Holdings in common
- Overlap
- 58.8%
- Held by both
- 18
- Only in Mirae Asset Nifty 100 Low Volatility 30 ETF
- 12
- Only in Motilal Oswal BSE Low Volatility Index
- 11
| Security | % of Mirae Asset Nifty 100 Low Volatility 30 ETF | % of Motilal Oswal BSE Low Volatility Index |
|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.81% | 3.48% |
| ITC Ltd. | 3.50% | 3.47% |
| Sun Pharmaceutical Industries Ltd. | 3.82% | 3.45% |
| NTPC Ltd. | 3.79% | 3.42% |
| Bharti Airtel Ltd. | 3.65% | 3.42% |
| SBI Life Insurance Co. Ltd. | 3.62% | 3.41% |
| HDFC Bank Ltd. | 3.39% | 3.39% |
| ICICI Bank Ltd. | 3.84% | 3.36% |
| Kotak Mahindra Bank Ltd. | 3.63% | 3.34% |
| Power Grid Corporation of India Ltd. | 3.39% | 3.25% |
| Tata Power Company Ltd. | 3.43% | 3.22% |
| Cipla Ltd. | 3.42% | 3.17% |
| HDFC Life Insurance Company Ltd. | 3.27% | 3.12% |
| Britannia Industries Ltd. | 3.68% | 3.11% |
| Reliance Industries Ltd. | 3.47% | 3.11% |
| Nestle India Ltd. | 3.53% | 3.09% |
| Hindustan Unilever Ltd. | 3.37% | 3.05% |
| Pidilite Industries Ltd. | 2.97% | 3.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.8% means 58.8% 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 Mirae Asset Nifty 100 Low Volatility 30 ETF
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Ltd. | 3.32% |
| Dr. Reddy's Laboratories Ltd. | 3.23% |
| Maruti Suzuki India Ltd. | 3.16% |
| Ultratech Cement Ltd. | 3.16% |
| Bajaj Auto Ltd. | 3.12% |
Largest holdings only in Motilal Oswal BSE Low Volatility Index Fund
| Security | % of fund |
|---|---|
| Castrol India Limited | 4.94% |
| Marico Limited | 3.65% |
| Abbott India Limited | 3.62% |
| Lupin Limited | 3.24% |
| Alkem Laboratories Limited | 3.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index |
|---|---|---|
| Equity | 100.0% | 95.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 4.8% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index |
|---|---|---|
| Large Cap | 96.8% | 64.7% |
| Mid Cap | 3.2% | 22.7% |
| Small Cap | 0.0% | 7.8% |
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 | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.8% | 16.7% |
| Banks | 13.9% | 10.1% |
| Power | 10.6% | 9.9% |
| Cement & Cement Products | 3.2% | 8.8% |
| Petroleum Products | 3.5% | 8.1% |
| Food Products | 7.2% | 6.2% |
| Insurance | 6.9% | 6.5% |
| Diversified FMCG | 6.9% | 6.5% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty 100 Low Volatility 30 ETF | Motilal Oswal BSE Low Volatility Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.64% |
| Base expense ratio (Direct) | 0.00% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.33% |
| Base expense ratio (Regular) | 0.30% | 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.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs Motilal Oswal BSE Low Volatility Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 100 Low Volatility 30 ETF and Motilal Oswal BSE Low Volatility Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund, Motilal Oswal BSE Low Volatility Index Fund is an Index fund, run by Mirae Asset Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 58.8%. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and Motilal Oswal BSE Low Volatility Index Fund 0.64%.
Which has given higher returns, Mirae Asset Nifty 100 Low Volatility 30 ETF or Motilal Oswal BSE Low Volatility Index Fund?
Over 1 year: Mirae Asset Nifty 100 Low Volatility 30 ETF −7.87%, Motilal Oswal BSE Low Volatility Index Fund −12.14%. Over 3 years: Mirae Asset Nifty 100 Low Volatility 30 ETF +9.58% a year, Motilal Oswal BSE Low Volatility Index Fund +6.26% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Nifty 100 Low Volatility 30 ETF or Motilal Oswal BSE Low Volatility Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF charges less: 0.48% a year against 0.64%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 100 Low Volatility 30 ETF and Motilal Oswal BSE Low Volatility Index Fund overlap?
58.8%. They hold 18 of the same securities, the largest shared ones being APOLLOHOSP, ITC, SUNPHARMA. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Nifty 100 Low Volatility 30 ETF or Motilal Oswal BSE Low Volatility Index Fund?
On SEBI's riskometer, Mirae Asset Nifty 100 Low Volatility 30 ETF is rated Very High and Motilal Oswal BSE Low Volatility Index Fund Very High. Over 3 years, the standard deviation of daily returns was 11.60% and 11.31% a year.
Which is better for SIP, Mirae Asset Nifty 100 Low Volatility 30 ETF or Motilal Oswal BSE Low Volatility Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,75,287 in Mirae Asset Nifty 100 Low Volatility 30 ETF (XIRR 0.9% a year) and ₹3,49,847 in Motilal Oswal BSE Low Volatility Index Fund (XIRR -3.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Nifty 100 Low Volatility 30 ETF and Motilal Oswal BSE Low Volatility Index Fund?
Yes. 58.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Nifty 100 Low Volatility 30 ETF and Motilal Oswal BSE Low Volatility Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF: Ekta Gala, amp, Akshay Udeshi. Motilal Oswal BSE Low Volatility Index Fund: Swapnil Mayekar, 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.