Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty 500 Healthcare ETF is an ETF fund and Motilal Oswal Nifty MidSmall Healthcare Index Fund is a mutual fund. Mirae Asset Nifty 500 Healthcare ETF charges 0.35% a year and Motilal Oswal Nifty MidSmall Healthcare Index Fund 0.80%. Their portfolios overlap 48.4%: they hold 30 of the same securities.
Mirae Asset Nifty 500 Healthcare ETF
ETF
- Expense ratio
- 0.35%
- NAV
- ₹21.44
Motilal Oswal Nifty MidSmall Healthcare Index Fund
- Expense ratio
- 0.80%
- NAV
- ₹12.53
Which is better, Mirae Asset Nifty 500 Healthcare ETF or Motilal Oswal Nifty MidSmall Healthcare 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 500 Healthcare ETF costs less: 0.35% a year against 0.80%.
- Mirae Asset Nifty 500 Healthcare ETF fell less in its worst fall since 11-02-2026: −9.6% against −10.4%.
- Mirae Asset Nifty 500 Healthcare ETF holds more in large companies: 36.0% of the fund in large caps against 0.0%.
- Motilal Oswal Nifty MidSmall Healthcare Index is the larger fund: ₹53 Cr against ₹15 Cr.
- Their portfolios overlap 48.4%: 30 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 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹15 Cr (30-09-2026) | ₹53 Cr (30-09-2026) |
| NAV | ₹21.44 | ₹12.53 (Direct) |
| Expense ratio (Direct) | Not available | 0.80% |
| Expense ratio (Regular) | Not available | 1.22% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty500 Healthcare TRI | Not available |
| Launch date | Not available | Not available |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units | Not available |
| Lock in | None | Not available |
| Fund managers | Ekta Gala, amp, Ritesh Patel | Not available |
| Exit load | NIL | Not available |
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare 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 500 Healthcare ETF | +1.43% | −0.66% | +12.95% | -- | -- | -- | -- |
| Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct) | +1.79% | +0.06% | +15.24% | +16.51% | -- | -- | -- |
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index: Year-wise Returns
| Year | Mirae Asset Nifty 500 Healthcare ETFMirae Asset Nifty 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare IndexMotilal Oswal Nifty MidSmall Healthcare Index |
|---|---|---|
| 2026to date | -- | +17.99% |
| 2025 | -- | −1.00% |
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index: Rolling Returns
Every holding period of both funds, against Nifty500 Healthcare TRI, the benchmark of Mirae Asset Nifty 500 Healthcare ETF
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +23.46% | +11.42% |
| Standard deviation | 14.16% | 16.20% |
| Sharpe ratio | 1.29 | 0.36 |
| Sortino ratio | 1.90 | 0.49 |
| Maximum drawdown | −9.6% (23-10-2026) | −17.5% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | −0.77% |
From daily NAVs, 11-02-2026 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.
Mirae Asset Nifty 500 Healthcare ETF
Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct)
Nifty500 Healthcare TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty 500 Healthcare ETF | −9.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct) | −10.4% | 23-09-2026 | 23-10-2026 | Not yet | -- | −2.4% |
| Nifty500 Healthcare TRI | −9.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −2.9% |
From daily values since 11-02-2026, the first day every fund has.
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty 500 Healthcare ETF, September 2026; Motilal Oswal Nifty MidSmall Healthcare Index Fund, September 2026
Holdings in common
- Overlap
- 48.4%
- Held by both
- 30
- Only in Mirae Asset Nifty 500 Healthcare ETF
- 14
- Only in Motilal Oswal Nifty MidSmall Healthcare Index
- 0
| Security | % of Mirae Asset Nifty 500 Healthcare ETF | % of Motilal Oswal Nifty MidSmall Healthcare Index |
|---|---|---|
| Laurus Labs Ltd. | 5.72% | 11.83% |
| Lupin Ltd. | 3.66% | 7.57% |
| Aurobindo Pharma Ltd. | 3.43% | 7.09% |
| Fortis Healthcare Ltd. | 2.98% | 6.15% |
| Glenmark Pharmaceuticals Ltd. | 2.61% | 5.39% |
| Alkem Laboratories Ltd. | 2.31% | 4.78% |
| Mankind Pharma Ltd. | 2.10% | 4.35% |
| IPCA Laboratories Ltd. | 1.98% | 4.11% |
| Biocon Ltd. | 1.91% | 3.96% |
| Gland Pharma Ltd. | 1.71% | 3.54% |
| Sai Life Sciences Ltd. | 1.56% | 3.23% |
| Krishna Institute of Medical Sciences Ltd. | 1.48% | 3.06% |
| Aster DM Quality Care Ltd. | 1.38% | 2.86% |
| Neuland Laboratories Ltd. | 1.36% | 2.82% |
| Wockhardt Ltd. | 1.30% | 2.68% |
| Acutaas Chemicals Ltd. | 1.26% | 2.61% |
| Ajanta Pharma Ltd. | 1.22% | 2.53% |
| Dr. Lal Path labs Ltd. | 1.15% | 2.38% |
| Abbott India Ltd. | 1.04% | 2.17% |
| Piramal Pharma Ltd. | 0.95% | 1.97% |
| Granules India Ltd. | 0.93% | 1.92% |
| Narayana Hrudayalaya Ltd. | 0.92% | 1.90% |
| Global Health Ltd. | 0.90% | 1.86% |
| Onesource Specialty Pharma Ltd. | 0.89% | 1.84% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.85% | 1.76% |
| Anthem Biosciences Ltd. | 0.69% | 1.42% |
| Natco Pharma Ltd. | 0.55% | 1.14% |
| Cohance Lifesciences Ltd. | 0.54% | 1.11% |
| Syngene International Ltd. | 0.51% | 1.06% |
| Polymedicure Ltd. | 0.47% | 0.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.4% means 48.4% 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 500 Healthcare ETF
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Ltd. | 10.13% |
| Divi's Laboratories Ltd. | 8.76% |
| Apollo Hospitals Enterprise Ltd. | 6.24% |
| Cipla Ltd. | 5.62% |
| Dr. Reddy's Laboratories Ltd. | 5.58% |
Largest holdings only in Motilal Oswal Nifty MidSmall Healthcare 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 | Mirae Asset Nifty 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index |
|---|---|---|
| Large Cap | 36.0% | 0.0% |
| Mid Cap | 45.6% | 67.9% |
| Small Cap | 18.3% | 32.2% |
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 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 77.8% | 79.8% |
| Healthcare Services | 21.7% | 19.3% |
| Healthcare Equipment & Supplies | 0.5% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty 500 Healthcare ETF | Motilal Oswal Nifty MidSmall Healthcare Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.80% |
| Base expense ratio (Direct) | 0.00% | 0.54% |
| Total expense ratio (Regular) | Not available | 1.22% |
| Base expense ratio (Regular) | 0.16% | 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 500 Healthcare ETF vs Motilal Oswal Nifty MidSmall Healthcare Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 500 Healthcare ETF and Motilal Oswal Nifty MidSmall Healthcare Index Fund?
Mirae Asset Nifty 500 Healthcare ETF is an ETF fund, Motilal Oswal Nifty MidSmall Healthcare Index Fund is a mutual fund, run by Mirae Asset Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 48.4%. Mirae Asset Nifty 500 Healthcare ETF charges 0.35% a year and Motilal Oswal Nifty MidSmall Healthcare Index Fund 0.80%.
Which has the lower expense ratio, Mirae Asset Nifty 500 Healthcare ETF or Motilal Oswal Nifty MidSmall Healthcare Index Fund?
Mirae Asset Nifty 500 Healthcare ETF charges less: 0.35% a year against 0.80%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 500 Healthcare ETF and Motilal Oswal Nifty MidSmall Healthcare Index Fund overlap?
48.4%. They hold 30 of the same securities, the largest shared ones being LAURUSLABS, LUPIN, AUROPHARMA. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Nifty 500 Healthcare ETF and Motilal Oswal Nifty MidSmall Healthcare Index Fund?
Yes. 48.4% 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.