Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty Bank ETF is an ETF fund and Motilal Oswal BSE Top 10 Banks ETF is a mutual fund. Mirae Asset Nifty Bank ETF charges 0.17% a year and Motilal Oswal BSE Top 10 Banks ETF 2.04%. Their portfolios overlap 78.5%: they hold 10 of the same securities.
Which is better, Mirae Asset Nifty Bank ETF or Motilal Oswal BSE Top 10 Banks ETF? 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 Bank ETF costs less: 0.17% a year against 2.04%.
- Mirae Asset Nifty Bank ETF fell less in its worst fall since 10-04-2026: −7.6% against −8.7%.
- Mirae Asset Nifty Bank ETF is the larger fund: ₹317 Cr against ₹102 Cr.
- Their portfolios overlap 78.5%: 10 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 Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹317 Cr (30-09-2026) | ₹102 Cr (30-09-2026) |
| NAV | ₹557.91 | ₹16.32 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Bank TRI | Not available |
| Launch date | 20-07-2023 | Not available |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 10,000 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 Bank ETF vs Motilal Oswal BSE Top 10 Banks 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty Bank ETF | +0.09% | −4.18% | +0.25% | −5.30% | +9.01% | -- | -- |
| Motilal Oswal BSE Top 10 Banks ETF | +0.68% | −4.12% | +0.09% | -- | -- | -- | -- |
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Year-wise Returns
| Year | Mirae Asset Nifty BankMirae Asset Nifty Bank ETF | Motilal Oswal BSE Top 10 BanksMotilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| 2026to date | −7.73% | -- |
| 2025 | +17.95% | -- |
| 2024 | +6.12% | -- |
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of Mirae Asset Nifty Bank ETF
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Return (CAGR) | +6.06% | −4.33% |
| Standard deviation | 15.58% | 14.36% |
| Sharpe ratio | -0.00 | -0.67 |
| Sortino ratio | -0.00 | -0.96 |
| Maximum drawdown | −18.3% (31-03-2026) | −8.7% (27-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.14% | −0.17% |
From daily NAVs, 21-07-2023 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 Bank ETF
Motilal Oswal BSE Top 10 Banks ETF
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty Bank ETF | −7.6% | 17-07-2026 | 27-10-2026 | Not yet | -- | −6.4% |
| Motilal Oswal BSE Top 10 Banks ETF | −8.7% | 17-07-2026 | 27-10-2026 | Not yet | -- | −7.3% |
| Nifty Bank TRI | −7.6% | 17-07-2026 | 27-10-2026 | Not yet | -- | −6.4% |
From daily values since 10-04-2026, the first day every fund has.
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty Bank ETF, September 2026; Motilal Oswal BSE Top 10 Banks ETF, September 2026
Holdings in common
- Overlap
- 78.5%
- Held by both
- 10
- Only in Mirae Asset Nifty Bank ETF
- 4
- Only in Motilal Oswal BSE Top 10 Banks ETF
- 0
| Security | % of Mirae Asset Nifty Bank ETF | % of Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| HDFC Bank Ltd. | 18.62% | 32.08% |
| ICICI Bank Ltd. | 14.18% | 22.16% |
| Kotak Mahindra Bank Ltd. | 10.20% | 9.79% |
| Axis Bank Ltd. | 10.06% | 9.61% |
| State Bank of India | 9.93% | 9.32% |
| The Federal Bank Ltd. | 6.56% | 4.59% |
| IndusInd Bank Ltd. | 4.97% | 3.43% |
| AU Small Finance Bank Ltd. | 4.85% | 3.34% |
| IDFC First Bank Ltd. | 4.54% | 3.16% |
| Bank of Baroda | 3.59% | 2.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 78.5% means 78.5% 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 Bank ETF
| Security | % of fund |
|---|---|
| Canara Bank | 3.37% |
| Punjab National Bank | 3.27% |
| Yes Bank Ltd. | 3.01% |
| Union Bank of India | 2.86% |
Largest holdings only in Motilal Oswal BSE Top 10 Banks ETF
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 Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | Mirae Asset Nifty Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Large Cap | 76.1% | 85.5% |
| Mid Cap | 23.9% | 14.5% |
| Small Cap | 0.0% | 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 | Mirae Asset Nifty Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty Bank ETF | Motilal Oswal BSE Top 10 Banks ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Base expense ratio (Regular) | 0.09% | 0.10% |
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.
Mirae Asset Nifty Bank ETF vs Motilal Oswal BSE Top 10 Banks ETF: Frequently Asked Questions
What is the difference between Mirae Asset Nifty Bank ETF and Motilal Oswal BSE Top 10 Banks ETF?
Mirae Asset Nifty Bank ETF is an ETF fund, Motilal Oswal BSE Top 10 Banks ETF is a mutual fund, run by Mirae Asset Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 78.5%. Mirae Asset Nifty Bank ETF charges 0.17% a year and Motilal Oswal BSE Top 10 Banks ETF 2.04%.
Which has the lower expense ratio, Mirae Asset Nifty Bank ETF or Motilal Oswal BSE Top 10 Banks ETF?
Mirae Asset Nifty Bank ETF charges less: 0.17% a year against 2.04%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty Bank ETF and Motilal Oswal BSE Top 10 Banks ETF overlap?
78.5%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Nifty Bank ETF and Motilal Oswal BSE Top 10 Banks ETF?
Yes. 78.5% 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.