Motilal Oswal Financial Services Fund vs Motilal Oswal Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Financial Services Fund is a Thematic fund and Motilal Oswal Services Fund is a Thematic fund. Motilal Oswal Financial Services Fund charges 1.32% a year and Motilal Oswal Services Fund 1.38% (Direct plans). Their portfolios overlap 22.5%: they hold 8 of the same securities.
Motilal Oswal Financial Services Fund
Thematic
- Expense ratio
- 1.32%
- NAV
- ₹10.21
Which is better, Motilal Oswal Financial Services or Motilal Oswal Services? 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 Financial Services costs less: 1.32% a year against 1.38% (Direct plans).
- Motilal Oswal Services fell less in its worst fall since 20-02-2026: −10.9% against −11.4%.
- Motilal Oswal Financial Services holds more in large companies: 43.4% of the fund in large caps against 13.7%.
- Motilal Oswal Financial Services is the larger fund: ₹209 Cr against ₹136 Cr.
- Their portfolios overlap 22.5%: 8 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 Financial Services Fund | Motilal Oswal Services Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹209 Cr (30-09-2026) | ₹136 Cr (30-09-2026) |
| NAV | ₹10.21 (Direct) | ₹11.40 (Direct) |
| Expense ratio (Direct) | 1.32% | 1.38% |
| Expense ratio (Regular) | 2.70% | 2.67% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Services Sector TRI |
| Launch date | Not available | 09-06-2025 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty |
| Exit load | Not available | 1% - If redeemed within 90 days from the day of allotment. Nil - If redeemed after 90 days from the date of allotment. |
Motilal Oswal Financial Services vs Motilal Oswal Services: 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 Financial Services Fund (Direct) | −0.10% | −2.96% | +3.29% | -- | -- | -- | -- |
| Motilal Oswal Services Fund (Direct) | −3.39% | +0.16% | +9.91% | +3.78% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Financial Services vs Motilal Oswal Services: Year-wise Returns
| Year | Financial ServicesMotilal Oswal Financial Services | ServicesMotilal Oswal Services |
|---|---|---|
| 2026to date | -- | +4.60% |
Motilal Oswal Financial Services vs Motilal Oswal Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of Motilal Oswal Financial Services Fund
Motilal Oswal Financial Services vs Motilal Oswal Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Financial Services Fund (Direct) | Motilal Oswal Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.00% | +9.88% |
| Standard deviation | 19.80% | 15.49% |
| Sharpe ratio | -0.11 | 0.29 |
| Sortino ratio | -0.16 | 0.41 |
| Maximum drawdown | −11.4% (30-03-2026) | −17.3% (23-03-2026) |
| Beta | 0.94 | 0.85 |
| Alpha | +18.12% | +11.98% |
From daily NAVs, 20-02-2026 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.
Motilal Oswal Financial Services Fund (Direct)
Motilal Oswal Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Financial Services Fund (Direct) | −11.4% | 20-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.5% |
| Motilal Oswal Services Fund (Direct) | −10.9% | 20-02-2026 | 23-03-2026 | 15-04-2026 | 23 days | −6.3% |
| Nifty Financial Services TRI | −17.3% | 23-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 20-02-2026, the first day every fund has.
Motilal Oswal Financial Services vs Motilal Oswal Services: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Financial Services Fund, September 2026; Motilal Oswal Services Fund, September 2026
Holdings in common
- Overlap
- 22.5%
- Held by both
- 8
- Only in Motilal Oswal Financial Services
- 21
- Only in Motilal Oswal Services
- 27
| Security | % of Motilal Oswal Financial Services | % of Motilal Oswal Services |
|---|---|---|
| Multi Commodity Exchange of India Limited | 5.75% | 6.25% |
| One 97 Communications Limited | 3.89% | 3.35% |
| RBL Bank Limited | 3.37% | 2.69% |
| Shriram Finance Limited | 2.82% | 2.41% |
| BSE Limited | 2.22% | 3.44% |
| The Jammu & Kashmir Bank Limited | 2.21% | 2.28% |
| Bajaj Finance Ltd | 4.69% | 2.07% |
| Aditya Birla Capital Limited | 1.82% | 4.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.5% means 22.5% 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 Motilal Oswal Financial Services Fund
| Security | % of fund |
|---|---|
| State Bank of India | 6.56% |
| ICICI Bank Limited | 6.31% |
| Kotak Mahindra Bank Ltd | 3.86% |
| Cholamandalam Investment and Finance Company Limited | 3.82% |
| IndusInd Bank Limited | 3.58% |
Largest holdings only in Motilal Oswal Services Fund
| Security | % of fund |
|---|---|
| Aster DM Quality Care Limited | 4.64% |
| Spectrum Electrical Industries Ltd | 4.43% |
| Apollo Hospitals Enterprise Limited | 4.41% |
| Aditya Birla Sun Life AMC Limited | 4.30% |
| Meesho Ltd | 4.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Financial Services | Motilal Oswal Services |
|---|---|---|
| Equity | 88.9% | 97.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 11.1% | 3.0% |
Market cap of stocks
| Market cap | Motilal Oswal Financial Services | Motilal Oswal Services |
|---|---|---|
| Large Cap | 43.4% | 13.7% |
| Mid Cap | 21.4% | 23.0% |
| Small Cap | 20.0% | 57.0% |
| Not on AMFI's list | 4.0% | 3.3% |
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 Financial Services | Motilal Oswal Services |
|---|---|---|
| Banks | 38.7% | 7.4% |
| Finance | 23.4% | 11.8% |
| Capital Markets | 15.3% | 17.8% |
| Healthcare Services | 0.0% | 9.7% |
| Financial Technology (Fintech) | 9.2% | 3.4% |
| Industrial Manufacturing | 0.0% | 8.4% |
| IT - Software | 0.0% | 7.9% |
| Insurance | 2.3% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Financial Services vs Motilal Oswal Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Financial Services Fund | Motilal Oswal Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.32% | 1.38% |
| Base expense ratio (Direct) | 0.78% | 0.86% |
| Total expense ratio (Regular) | 2.70% | 2.67% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
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.
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Motilal Oswal Financial Services Fund vs Motilal Oswal Services Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Financial Services Fund and Motilal Oswal Services Fund?
Motilal Oswal Financial Services Fund is a Thematic fund, Motilal Oswal Services Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 22.5%. Motilal Oswal Financial Services Fund charges 1.32% a year and Motilal Oswal Services Fund 1.38%.
Which has the lower expense ratio, Motilal Oswal Financial Services Fund or Motilal Oswal Services Fund?
Motilal Oswal Financial Services Fund charges less: 1.32% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Financial Services Fund and Motilal Oswal Services Fund overlap?
22.5%. They hold 8 of the same securities, the largest shared ones being MCX, PAYTM, RBLBANK. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Financial Services Fund and Motilal Oswal Services Fund?
Yes. 22.5% of each fund's money sits in the same holdings, so some 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.