Motilal Oswal BSE Financials ex Bank 30 Index Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund and Tata NIFTY Financial Services Index Fund is an Index fund. In the year to 30-10-2026, Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) returned −13.2% and Tata NIFTY Financial Services Index Fund (Direct) returned −9.5%. Motilal Oswal BSE Financials ex Bank 30 Index Fund charges 0.54% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 32.8%: they hold 14 of the same securities.
Motilal Oswal BSE Financials ex Bank 30 Index Fund
Index
- 1 year return
- −13.2%
- Expense ratio
- 0.54%
- NAV
- ₹15.73
Tata NIFTY Financial Services Index Fund
Index
- 1 year return
- −9.5%
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, Motilal Oswal BSE Financials ex Bank 30 Index or Tata NIFTY Financial Services Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY Financial Services Index returned more over 1 year: −9.5% against −13.2%.
- Motilal Oswal BSE Financials ex Bank 30 Index costs less: 0.54% a year against 0.58% (Direct plans).
- Tata NIFTY Financial Services Index fell less in its worst fall since 30-04-2024: −17.4% against −17.8%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 65.0%.
- Tata NIFTY Financial Services Index is the larger fund: ₹77 Cr against ₹30 Cr.
- Their portfolios overlap 32.8%: 14 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 | Motilal Oswal BSE Financials ex Bank 30 Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Tata Mutual Fund |
| Category | Index | Index |
| AUM | ₹30 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹15.73 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.58% |
| Expense ratio (Regular) | 1.12% | 1.13% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Financials ex Bank 30 TRI | Nifty Financial Services TRI |
| Launch date | 29-07-2022 | 26-04-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar, Abhiroop Mukherjee | Nitin Sharma, Rakesh Prajapati |
| Exit load | Exit load-1%- If redeemed within 15 days from the date of allotment. | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services 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 |
|---|---|---|---|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | −5.12% | −11.92% | −8.09% | −13.20% | +9.69% | -- | -- |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services Index: Year-wise Returns
| Year | Motilal Oswal BSE Financials ex Bank 30Motilal Oswal BSE Financials ex Bank 30 Index | Tata NIFTY Financial ServicesTata NIFTY Financial Services Index |
|---|---|---|
| 2026to date | −14.46% | −10.13% |
| 2025 | +22.64% | +17.50% |
| 2024 | +13.25% | -- |
| 2023 | +32.46% | -- |
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against BSE Financials Ex-Banks 30 Index TRI, the benchmark of Motilal Oswal BSE Financials ex Bank 30 Index Fund
Rolling returns
Every 1-year holding period, 371 of them, one for each trading day from 30-04-2025 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.
Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
BSE Financials Ex-Banks 30 Index TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index | 10.5 | 18.9 | 19.4 | 19.1 | 15.4 | 14.0 | 2.7 | 10.2% | 10.4% | −14.0% | 26.7% | 0% |
| Tata NIFTY Financial Services Index | 26.4 | 13.7 | 6.5 | 20.5 | 21.0 | 11.3 | 0.5 | 8.7% | 11.1% | −11.5% | 25.7% | 31% |
| BSE Financials Ex-Banks 30 Index TRI | 10.5 | 17.8 | 18.6 | 19.4 | 15.9 | 14.6 | 3.2 | 10.6% | 10.9% | −13.7% | 27.4% | -- |
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 BSE Financials Ex-Banks 30 Index 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 30-04-2024. Past returns do not promise future returns.
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services 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 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 IndexMotilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | ₹3,10,000 | ₹2,98,975 | −₹11,025 | −2.7% |
| Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct) | ₹3,10,000 | ₹3,08,128 | −₹1,872 | −0.5% |
Motilal Oswal BSE Financials ex Bank 30 IndexMotilal Oswal BSE Financials ex Bank 30 Index Fund (Direct)
Tata NIFTY Financial Services IndexTata NIFTY Financial Services 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.
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.20% | −9.46% |
| Standard deviation | 20.90% | 17.58% |
| Sharpe ratio | -0.88 | -0.84 |
| Sortino ratio | -1.19 | -1.16 |
| Maximum drawdown | −17.8% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.35% | −0.58% |
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 | Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.19% | +5.44% |
| Standard deviation | 18.47% | 16.69% |
| Sharpe ratio | 0.27 | -0.02 |
| Sortino ratio | 0.38 | -0.03 |
| Maximum drawdown | −17.8% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.74% | −0.81% |
From daily NAVs, 04-08-2022 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.
Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
BSE Financials Ex-Banks 30 Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | −17.8% | 06-01-2026 | 30-03-2026 | 06-08-2026 | 4 months | −15.7% |
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| BSE Financials Ex-Banks 30 Index TRI | −17.8% | 06-01-2026 | 30-03-2026 | 05-08-2026 | 4 months | −15.7% |
From daily values since 30-04-2024, 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.
Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
BSE Financials Ex-Banks 30 Index TRI
Against BSE Financials Ex-Banks 30 Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | 99% | 100% | 0.13% |
| Tata NIFTY Financial Services Index Fund (Direct) | 72% | 63% | 9.31% |
From month-end values since 30-04-2024. 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.
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal BSE Financials ex Bank 30 Index Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 14
- Only in Motilal Oswal BSE Financials ex Bank 30 Index
- 16
- Only in Tata NIFTY Financial Services Index
- 6
| Security | % of Motilal Oswal BSE Financials ex Bank 30 Index | % of Tata NIFTY Financial Services Index |
|---|---|---|
| Bajaj Finance Ltd | 15.93% | 8.62% |
| Shriram Finance Limited | 8.96% | 4.53% |
| Bajaj Finserv Limited | 6.37% | 3.31% |
| SBI Life Insurance Company Limited | 5.01% | 2.51% |
| Jio Financial Services Limited | 4.69% | 2.34% |
| Cholamandalam Investment and Finance Company Limited | 4.61% | 2.31% |
| HDFC Life Insurance Company Limited | 3.63% | 1.85% |
| Power Finance Corporation Limited | 3.10% | 1.56% |
| ICICI Lombard General Insurance Company Limited | 2.54% | 1.25% |
| REC Limited | 2.43% | 1.23% |
| Max Financial Services Limited | 2.37% | 1.18% |
| Muthoot Finance Limited | 1.95% | 0.98% |
| SBI Cards and Payment Services Limited | 1.12% | 0.58% |
| LIC Housing Finance Limited | 1.04% | 0.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 Motilal Oswal BSE Financials ex Bank 30 Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 5.52% |
| One 97 Communications Limited | 4.72% |
| Life Insurance Corporation Of India | 3.60% |
| HDFC Asset Management Company Limited | 3.02% |
| Bajaj Holdings & Investment Limited | 2.99% |
Largest holdings only in Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| HDFC BANK LTD | 18.64% |
| ICICI BANK LTD | 14.20% |
| AXIS BANK LTD | 10.18% |
| KOTAK MAHINDRA BANK LTD | 10.11% |
| STATE BANK OF INDIA | 9.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal BSE Financials ex Bank 30 Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.0% |
Market cap of stocks
| Market cap | Motilal Oswal BSE Financials ex Bank 30 Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Large Cap | 65.0% | 95.2% |
| Mid Cap | 33.9% | 4.2% |
| Small Cap | 1.0% | 0.5% |
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 | Motilal Oswal BSE Financials ex Bank 30 Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Banks | 0.0% | 63.1% |
| Finance | 62.0% | 26.0% |
| Insurance | 19.2% | 6.8% |
| Capital Markets | 11.6% | 4.2% |
| Financial Technology (Fintech) | 7.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal BSE Financials ex Bank 30 Index vs Tata NIFTY Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal BSE Financials ex Bank 30 Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.58% |
| Base expense ratio (Direct) | 0.37% | 0.39% |
| Total expense ratio (Regular) | 1.12% | 1.13% |
| Base expense ratio (Regular) | 0.90% | 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.
Motilal Oswal BSE Financials ex Bank 30 Index Fund vs Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal BSE Financials ex Bank 30 Index Fund and Tata NIFTY Financial Services Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by Motilal Oswal Mutual Fund and Tata Mutual Fund. Their portfolios overlap 32.8%. Motilal Oswal BSE Financials ex Bank 30 Index Fund charges 0.54% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has given higher returns, Motilal Oswal BSE Financials ex Bank 30 Index Fund or Tata NIFTY Financial Services Index Fund?
Over 1 year: Motilal Oswal BSE Financials ex Bank 30 Index Fund −13.20%, Tata NIFTY Financial Services Index Fund −9.46%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal BSE Financials ex Bank 30 Index Fund or Tata NIFTY Financial Services Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund charges less: 0.54% a year against 0.58%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal BSE Financials ex Bank 30 Index Fund and Tata NIFTY Financial Services Index Fund overlap?
32.8%. They hold 14 of the same securities, the largest shared ones being BAJFINANCE, SHRIRAMFIN, BAJAJFINSV. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal BSE Financials ex Bank 30 Index Fund or Tata NIFTY Financial Services Index Fund?
On SEBI's riskometer, Motilal Oswal BSE Financials ex Bank 30 Index Fund is rated Very High and Tata NIFTY Financial Services Index Fund Very High. Over 1 years, the standard deviation of daily returns was 20.90% and 17.58% a year.
Can I invest in both Motilal Oswal BSE Financials ex Bank 30 Index Fund and Tata NIFTY Financial Services Index Fund?
Yes. 32.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal BSE Financials ex Bank 30 Index Fund and Tata NIFTY Financial Services Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund: Swapnil Mayekar, Abhiroop Mukherjee. Tata NIFTY Financial Services Index Fund: Nitin Sharma, Rakesh Prajapati.
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.