Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal BSE Select IPO ETF is an ETF fund and SBI Innovative Opportunities Fund is a Thematic fund. Motilal Oswal BSE Select IPO ETF charges 0.71% a year and SBI Innovative Opportunities Fund 1.04%. Their portfolios overlap 28.8%: they hold 15 of the same securities.
SBI Innovative Opportunities Fund
Thematic
- Expense ratio
- 1.04%
- NAV
- ₹10.63
Which is better, Motilal Oswal BSE Select IPO ETF or SBI Innovative Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal BSE Select IPO ETF costs less: 0.71% a year against 1.04%.
- SBI Innovative Opportunities fell less in its worst fall since 20-11-2025: −18.5% against −22.0%.
- SBI Innovative Opportunities is the larger fund: ₹5,125 Cr against ₹6 Cr.
- Their portfolios overlap 28.8%: 15 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 Select IPO ETF | SBI Innovative Opportunities Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹6 Cr (30-09-2026) | ₹5,125 Cr (30-09-2026) |
| NAV | ₹44.57 | ₹10.63 (Direct) |
| Expense ratio (Direct) | Not available | 1.04% |
| Expense ratio (Regular) | Not available | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Select IPO TRI | Nifty 500 TRI |
| Launch date | 17-11-2025 | 20-08-2024 |
| Minimum investment | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value | ₹5,000 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty | Vivek Gedda |
| Exit load | Nil | Exit load of 1%, if redeemed within 30 days. |
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: 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 Select IPO ETF | −3.54% | −4.78% | +2.92% | -- | -- | -- | -- |
| SBI Innovative Opportunities Fund (Direct) | +0.51% | +2.07% | +15.00% | +4.65% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: Year-wise Returns
| Year | Motilal Oswal BSE Select IPO ETFMotilal Oswal BSE Select IPO ETF | SBI Innovative OpportunitiesSBI Innovative Opportunities |
|---|---|---|
| 2026to date | −3.60% | +5.62% |
| 2025 | -- | −1.08% |
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: Rolling Returns
Every holding period of both funds, against BSE SELECT IPO TRI, the benchmark of Motilal Oswal BSE Select IPO ETF
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal BSE Select IPO ETF | SBI Innovative Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.45% | +2.53% |
| Standard deviation | 18.49% | 15.31% |
| Sharpe ratio | -0.79 | -0.21 |
| Sortino ratio | -1.06 | -0.29 |
| Maximum drawdown | −22.0% (31-03-2026) | −20.8% (07-04-2025) |
| Beta | 1.00 | 0.93 |
| Alpha | −0.44% | +4.48% |
From daily NAVs, 20-11-2025 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.
Motilal Oswal BSE Select IPO ETF
SBI Innovative Opportunities Fund (Direct)
BSE SELECT IPO TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal BSE Select IPO ETF | −22.0% | 20-11-2025 | 31-03-2026 | 25-08-2026 | 5 months | −9.7% |
| SBI Innovative Opportunities Fund (Direct) | −18.5% | 24-12-2025 | 31-03-2026 | 09-07-2026 | 3 months | −4.8% |
| BSE SELECT IPO TRI | −21.8% | 20-11-2025 | 30-03-2026 | 13-08-2026 | 4 months | −9.6% |
From daily values since 20-11-2025, the first day every fund has.
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal BSE Select IPO ETF, September 2026; SBI Innovative Opportunities Fund, September 2026
Holdings in common
- Overlap
- 28.8%
- Held by both
- 15
- Only in Motilal Oswal BSE Select IPO ETF
- 55
- Only in SBI Innovative Opportunities
- 24
| Security | % of Motilal Oswal BSE Select IPO ETF | % of SBI Innovative Opportunities |
|---|---|---|
| Meesho Ltd | 5.50% | 5.29% |
| Eternal Limited | 5.24% | 9.05% |
| FSN E-Commerce Ventures Limited | 3.21% | 5.00% |
| Swiggy Limited | 2.72% | 3.42% |
| One 97 Communications Limited | 5.01% | 2.66% |
| Ather Energy Limited | 1.97% | 4.59% |
| Sona BLW Precision Forgings Limited | 2.72% | 1.62% |
| Pine Labs Limited | 1.40% | 1.68% |
| PB Fintech Limited | 2.77% | 0.99% |
| Billionbrains Garage Ventures Ltd | 1.93% | 0.85% |
| Lenskart Solutions Limited | 5.19% | 0.83% |
| Sedemac Mechatronics Limited | 0.54% | 3.10% |
| Hexaware Technologies Limited | 0.53% | 1.45% |
| PhysicsWallah Limited | 0.52% | 1.64% |
| Urban Company Ltd | 0.39% | 3.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.8% means 28.8% 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 Select IPO ETF
| Security | % of fund |
|---|---|
| Tata Motors Ltd | 4.97% |
| Jio Financial Services Limited | 4.92% |
| Life Insurance Corporation Of India | 4.00% |
| Siemens Energy India Limited | 2.08% |
| Vishal Mega Mart Limited | 2.07% |
Largest holdings only in SBI Innovative Opportunities Fund
| Security | % of fund |
|---|---|
| TBO Tek Ltd. | 6.63% |
| Divi's Laboratories Ltd. | 5.44% |
| BlackBuck Ltd. | 4.74% |
| Bajaj Finance Ltd. | 4.68% |
| Sun Pharmaceutical Industries Ltd. | 3.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal BSE Select IPO ETF | SBI Innovative Opportunities |
|---|---|---|
| Equity | 100.0% | 97.2% |
| Debt | 0.0% | 0.1% |
| Cash and others | 0.0% | 2.7% |
Market cap of stocks
| Market cap | Motilal Oswal BSE Select IPO ETF | SBI Innovative Opportunities |
|---|---|---|
| Large Cap | 25.8% | 28.4% |
| Mid Cap | 46.3% | 25.4% |
| Small Cap | 27.9% | 42.6% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | Motilal Oswal BSE Select IPO ETF | SBI Innovative Opportunities |
|---|---|---|
| Retailing | 24.3% | 30.0% |
| Finance | 11.5% | 6.9% |
| Pharmaceuticals & Biotechnology | 6.8% | 9.9% |
| Financial Technology (Fintech) | 9.2% | 5.3% |
| Leisure Services | 1.7% | 6.6% |
| Automobiles | 4.6% | 6.3% |
| Transport Services | 2.2% | 5.6% |
| Electrical Equipment | 5.1% | 0.0% |
| Capital Markets | 5.0% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal BSE Select IPO ETF | SBI Innovative Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.04% |
| Base expense ratio (Direct) | 0.00% | 0.76% |
| Total expense ratio (Regular) | Not available | 2.02% |
| Base expense ratio (Regular) | 0.45% | 1.60% |
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 SBI Innovative Opportunities with
Motilal Oswal BSE Select IPO ETF vs SBI Innovative Opportunities Fund: Frequently Asked Questions
What is the difference between Motilal Oswal BSE Select IPO ETF and SBI Innovative Opportunities Fund?
Motilal Oswal BSE Select IPO ETF is an ETF fund, SBI Innovative Opportunities Fund is a Thematic fund, run by Motilal Oswal Mutual Fund and SBI Mutual Fund. Their portfolios overlap 28.8%. Motilal Oswal BSE Select IPO ETF charges 0.71% a year and SBI Innovative Opportunities Fund 1.04%.
Which has the lower expense ratio, Motilal Oswal BSE Select IPO ETF or SBI Innovative Opportunities Fund?
Motilal Oswal BSE Select IPO ETF charges less: 0.71% a year against 1.04%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal BSE Select IPO ETF and SBI Innovative Opportunities Fund overlap?
28.8%. They hold 15 of the same securities, the largest shared ones being MEESHO, ETERNAL, NYKAA. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal BSE Select IPO ETF or SBI Innovative Opportunities Fund?
On SEBI's riskometer, Motilal Oswal BSE Select IPO ETF is rated Very High and SBI Innovative Opportunities Fund Very High. Over their common history, the standard deviation of daily returns was 18.49% and 15.31% a year.
Can I invest in both Motilal Oswal BSE Select IPO ETF and SBI Innovative Opportunities Fund?
Yes. 28.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal BSE Select IPO ETF and SBI Innovative Opportunities Fund?
Motilal Oswal BSE Select IPO ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. SBI Innovative Opportunities Fund: Vivek Gedda.
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.