Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty 100 ETF is an ETF fund and Parag Parikh Arbitrage Fund is an Arbitrage fund. In the year to 30-10-2026, Motilal Oswal Nifty 100 ETF returned −9.1% and Parag Parikh Arbitrage Fund (Direct) returned 6.5%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Parag Parikh Arbitrage Fund 0.99%. Their portfolios overlap 40.7%: they hold 43 of the same securities.
Motilal Oswal Nifty 100 ETF
ETF
- 1 year return
- −9.1%
- Expense ratio
- 0.68%
- NAV
- ₹24.13
Parag Parikh Arbitrage Fund
Arbitrage
- 1 year return
- 6.5%
- Expense ratio
- 0.99%
- NAV
- ₹12.24
Which is better, Motilal Oswal Nifty 100 ETF or Parag Parikh Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh Arbitrage returned more over 1 year: 6.5% against −9.1%.
- Motilal Oswal Nifty 100 ETF costs less: 0.68% a year against 0.99%.
- Parag Parikh Arbitrage fell less in its worst fall since 16-10-2025: −0.6% against −15.0%.
- Motilal Oswal Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 57.5%.
- Parag Parikh Arbitrage is the larger fund: ₹2,750 Cr against ₹16 Cr.
- Their portfolios overlap 40.7%: 43 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 Nifty 100 ETF | Parag Parikh Arbitrage Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | PPFAS Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹16 Cr (30-09-2026) | ₹2,750 Cr (30-09-2026) |
| NAV | ₹24.13 | ₹12.24 (Direct) |
| Expense ratio (Direct) | Not available | 0.99% |
| Expense ratio (Regular) | Not available | 1.39% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 100 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 16-10-2025 | 02-11-2023 |
| 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 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar |
| Exit load | Nil | In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme. |
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage: 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 Nifty 100 ETF | +1.00% | −5.44% | −3.26% | −9.06% | -- | -- | -- |
| Parag Parikh Arbitrage Fund (Direct) | +0.57% | +1.50% | +3.18% | +6.52% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage: Year-wise Returns
| Year | Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF | Parag Parikh ArbitrageParag Parikh Arbitrage |
|---|---|---|
| 2026to date | −9.75% | +5.31% |
| 2025 | -- | +6.62% |
| 2024 | -- | +7.77% |
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Motilal Oswal Nifty 100 ETF
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage: 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 16-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF | ₹1,30,000 | ₹1,23,641 | −₹6,359 | −8.4% |
| Parag Parikh ArbitrageParag Parikh Arbitrage Fund (Direct) | ₹1,30,000 | ₹1,34,715 | ₹4,715 | 6.3% |
Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF
Parag Parikh ArbitrageParag Parikh Arbitrage 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 Nifty 100 ETF vs Parag Parikh Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty 100 ETF | Parag Parikh Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.06% | +6.52% |
| Standard deviation | 14.04% | 1.43% |
| Sharpe ratio | -1.02 | 0.89 |
| Sortino ratio | -1.35 | 1.37 |
| Maximum drawdown | −15.0% (31-03-2026) | −0.6% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.38% | -- |
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 Nifty 100 ETF | Parag Parikh Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.74% | +6.94% |
| Standard deviation | 13.84% | 1.11% |
| Sharpe ratio | -0.94 | 0.83 |
| Sortino ratio | -1.25 | 1.25 |
| Maximum drawdown | −15.0% (31-03-2026) | −0.6% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.41% | -- |
From daily NAVs, 16-10-2025 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.
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 Nifty 100 ETF
Parag Parikh Arbitrage Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty 100 ETF | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.5% |
| Parag Parikh Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | 0.0% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 16-10-2025, 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 Nifty 100 ETF
Parag Parikh Arbitrage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty 100 ETF | 99% | 101% | 0.15% |
| Parag Parikh Arbitrage Fund (Direct) | 23% | -12% | 16.98% |
From month-end values since 16-10-2025. 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 Nifty 100 ETF vs Parag Parikh Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty 100 ETF, September 2026; Parag Parikh Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 40.7%
- Held by both
- 43
- Only in Motilal Oswal Nifty 100 ETF
- 57
- Only in Parag Parikh Arbitrage
- 41
| Security | % of Motilal Oswal Nifty 100 ETF | % of Parag Parikh Arbitrage |
|---|---|---|
| HDFC Bank Limited | 8.41% | 6.38% |
| ICICI Bank Limited | 7.34% | 6.17% |
| Reliance Industries Limited | 6.15% | 4.80% |
| Bharti Airtel Limited | 4.14% | 4.40% |
| Axis Bank Limited | 2.73% | 4.51% |
| State Bank of India | 3.07% | 2.38% |
| Kotak Mahindra Bank Ltd | 2.38% | 3.75% |
| Tata Steel Limited | 1.18% | 2.06% |
| Bharat Electronics Limited | 1.08% | 1.72% |
| UltraTech Cement Limited | 1.01% | 1.69% |
| Sun Pharmaceutical Industries Limited | 1.49% | 0.99% |
| Eicher Motors Limited | 0.77% | 1.16% |
| Hindustan Aeronautics Limited | 0.69% | 0.95% |
| Bajaj Finance Ltd | 2.03% | 0.66% |
| Mahindra & Mahindra Limited | 2.04% | 0.54% |
| NTPC Limited | 1.19% | 0.44% |
| Coal India Limited | 0.79% | 0.42% |
| Jio Financial Services Limited | 0.55% | 0.40% |
| Varun Beverages Ltd | 0.46% | 0.38% |
| ITC Limited | 1.96% | 0.33% |
| Bank of Baroda | 0.33% | 0.78% |
| Canara Bank | 0.31% | 5.28% |
| Punjab National Bank | 0.30% | 1.04% |
| DLF Limited | 0.33% | 0.29% |
| JSW Steel Limited | 0.93% | 0.26% |
| Hindalco Industries Limited | 1.06% | 0.22% |
| Tata Power Company Limited | 0.47% | 0.22% |
| Cipla Limited | 0.59% | 0.21% |
| Divi's Laboratories Limited | 0.92% | 0.15% |
| Infosys Limited | 2.72% | 0.09% |
| Oil & Natural Gas Corporation Limited | 0.68% | 0.07% |
| Bajaj Finserv Limited | 0.78% | 0.06% |
| Tata Motors Passenger Vehicles Limited | 0.46% | 0.06% |
| Hindustan Unilever Limited | 1.29% | 0.05% |
| Tata Consumer Products Limited | 0.48% | 0.05% |
| Indian Oil Corporation Limited | 0.39% | 0.05% |
| Power Finance Corporation Limited | 0.37% | 0.05% |
| Solar Industries India Limited | 0.37% | 0.03% |
| Eternal Limited | 1.80% | 0.02% |
| Asian Paints Limited | 0.84% | 0.02% |
| Power Grid Corporation of India Limited | 0.91% | 0.01% |
| SBI Life Insurance Company Limited | 0.59% | 0.01% |
| Torrent Pharmaceuticals Limited | 0.55% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.7% means 40.7% 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 Nifty 100 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 3.41% |
| Tata Consultancy Services Limited | 1.62% |
| Titan Company Limited | 1.47% |
| Maruti Suzuki India Limited | 1.21% |
| Adani Ports and Special Economic Zone Limited | 1.09% |
Largest holdings only in Parag Parikh Arbitrage Fund
| Security | % of fund |
|---|---|
| Parag Parikh Liquid Fund- Direct Plan- Growth | 10.70% |
| Small Industries Dev Bank of India (11/06/2027) | 3.46% |
| Bharat Heavy Electricals Limited | 2.97% |
| IDFC First Bank Limited | 2.24% |
| Canara Bank (08/12/2026) | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty 100 ETF | Parag Parikh Arbitrage |
|---|---|---|
| Equity | 100.0% | 67.5% |
| Debt | 0.0% | 18.0% |
| Cash and others | -0.0% | 14.5% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty 100 ETF | Parag Parikh Arbitrage |
|---|---|---|
| Large Cap | 98.0% | 57.5% |
| Mid Cap | 2.0% | 7.4% |
| Small Cap | 0.0% | 2.7% |
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 Nifty 100 ETF | Parag Parikh Arbitrage |
|---|---|---|
| Banks | 25.1% | 34.1% |
| Petroleum Products | 7.0% | 4.8% |
| IT - Software | 6.7% | 0.2% |
| Automobiles | 6.4% | 1.8% |
| Finance | 6.2% | 1.9% |
| Telecom - Services | 4.4% | 4.8% |
| Electrical Equipment | 1.5% | 3.1% |
| Ferrous Metals | 2.4% | 2.7% |
| Aerospace & Defense | 1.8% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty 100 ETF | Parag Parikh Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.99% |
| Base expense ratio (Direct) | 0.00% | 0.19% |
| Total expense ratio (Regular) | Not available | 1.39% |
| Base expense ratio (Regular) | 0.45% | 0.53% |
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
Motilal Oswal Nifty 100 ETF vs Parag Parikh Arbitrage Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty 100 ETF and Parag Parikh Arbitrage Fund?
Motilal Oswal Nifty 100 ETF is an ETF fund, Parag Parikh Arbitrage Fund is an Arbitrage fund, run by Motilal Oswal Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 40.7%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Parag Parikh Arbitrage Fund 0.99%.
Which has given higher returns, Motilal Oswal Nifty 100 ETF or Parag Parikh Arbitrage Fund?
Over 1 year: Motilal Oswal Nifty 100 ETF −9.06%, Parag Parikh Arbitrage Fund +6.52%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty 100 ETF or Parag Parikh Arbitrage Fund?
Motilal Oswal Nifty 100 ETF charges less: 0.68% a year against 0.99%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty 100 ETF and Parag Parikh Arbitrage Fund overlap?
40.7%. They hold 43 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty 100 ETF or Parag Parikh Arbitrage Fund?
On SEBI's riskometer, Motilal Oswal Nifty 100 ETF is rated Very High and Parag Parikh Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 14.04% and 1.43% a year.
Can I invest in both Motilal Oswal Nifty 100 ETF and Parag Parikh Arbitrage Fund?
Yes. 40.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Motilal Oswal Nifty 100 ETF and Parag Parikh Arbitrage Fund?
Motilal Oswal Nifty 100 ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. Parag Parikh Arbitrage Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar.
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.