Motilal Oswal Nifty 100 ETF vs Union Value 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 Union Value Fund is a Value and Contra fund. In the year to 30-10-2026, Motilal Oswal Nifty 100 ETF returned −9.1% and Union Value Fund (Direct) returned −6.9%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Union Value Fund 1.51%. Their portfolios overlap 43.8%: they hold 33 of the same securities.
Motilal Oswal Nifty 100 ETF
ETF
- 1 year return
- −9.1%
- Expense ratio
- 0.68%
- NAV
- ₹24.13
Which is better, Motilal Oswal Nifty 100 ETF or Union Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Value returned more over 1 year: −6.9% against −9.1%.
- Motilal Oswal Nifty 100 ETF costs less: 0.68% a year against 1.51%.
- Union Value fell less in its worst fall since 16-10-2025: −12.8% against −15.0%.
- Motilal Oswal Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 55.5%.
- Union Value is the larger fund: ₹378 Cr against ₹16 Cr.
- Their portfolios overlap 43.8%: 33 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 | Union Value Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Union Mutual Fund |
| Category | ETF | Value and Contra |
| AUM | ₹16 Cr (30-09-2026) | ₹378 Cr (30-09-2026) |
| NAV | ₹24.13 | ₹28.96 (Direct) |
| Expense ratio (Direct) | Not available | 1.51% |
| Expense ratio (Regular) | Not available | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 500 TRI |
| Launch date | 16-10-2025 | 05-12-2018 |
| 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 | Vinod Malviya, Gaurav Chopra |
| Exit load | Nil | Exit load of 1%, if redeemed within 15 days. |
Motilal Oswal Nifty 100 ETF vs Union Value: 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% | -- | -- | -- |
| Union Value Fund (Direct) | −2.10% | −6.46% | −3.53% | −6.91% | +10.89% | +10.75% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Motilal Oswal Nifty 100 ETF vs Union Value: Year-wise Returns
| Year | Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF | Union ValueUnion Value |
|---|---|---|
| 2026to date | −9.75% | −6.82% |
| 2025 | -- | +7.95% |
| 2024 | -- | +17.94% |
| 2023 | -- | +34.56% |
| 2022 | -- | +5.90% |
| 2021 | -- | +33.20% |
Motilal Oswal Nifty 100 ETF vs Union Value: 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 Union Value: 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% |
| Union ValueUnion Value Fund (Direct) | ₹1,30,000 | ₹1,24,144 | −₹5,856 | −7.7% |
Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF
Union ValueUnion Value 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 Union Value: 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 | Union Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.06% | −6.91% |
| Standard deviation | 14.04% | 14.74% |
| Sharpe ratio | -1.02 | -0.82 |
| Sortino ratio | -1.35 | -1.10 |
| Maximum drawdown | −15.0% (31-03-2026) | −12.8% (31-03-2026) |
| Beta | 1.00 | 1.01 |
| Alpha | −0.38% | +0.85% |
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 | Union Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.74% | +14.30% |
| Standard deviation | 13.84% | 16.90% |
| Sharpe ratio | -0.94 | 0.54 |
| Sortino ratio | -1.25 | 0.72 |
| Maximum drawdown | −15.0% (31-03-2026) | −37.7% (23-03-2020) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.41% | +1.44% |
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
Union Value 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% |
| Union Value Fund (Direct) | −12.8% | 02-01-2026 | 31-03-2026 | 03-08-2026 | 4 months | −8.5% |
| 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
Union Value 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% |
| Union Value Fund (Direct) | 87% | 82% | 5.13% |
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 Union Value: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty 100 ETF, September 2026; Union Value Fund, September 2026
Holdings in common
- Overlap
- 43.8%
- Held by both
- 33
- Only in Motilal Oswal Nifty 100 ETF
- 67
- Only in Union Value
- 38
| Security | % of Motilal Oswal Nifty 100 ETF | % of Union Value |
|---|---|---|
| ICICI Bank Limited | 7.34% | 6.44% |
| HDFC Bank Limited | 8.41% | 4.12% |
| Reliance Industries Limited | 6.15% | 3.75% |
| Bharti Airtel Limited | 4.14% | 2.98% |
| State Bank of India | 3.07% | 2.93% |
| Axis Bank Limited | 2.73% | 3.21% |
| Larsen & Toubro Limited | 3.41% | 2.16% |
| Maruti Suzuki India Limited | 1.21% | 2.00% |
| NTPC Limited | 1.19% | 2.21% |
| Sun Pharmaceutical Industries Limited | 1.49% | 1.13% |
| Bharat Electronics Limited | 1.08% | 1.20% |
| Shriram Finance Limited | 1.07% | 2.73% |
| Tata Consultancy Services Limited | 1.62% | 0.98% |
| Infosys Limited | 2.72% | 0.95% |
| InterGlobe Aviation Limited | 0.87% | 0.92% |
| Adani Ports and Special Economic Zone Limited | 1.09% | 0.86% |
| Tata Steel Limited | 1.18% | 0.83% |
| Hindustan Unilever Limited | 1.29% | 0.80% |
| Adani Enterprises Limited | 0.76% | 0.88% |
| Tech Mahindra Limited | 0.75% | 2.19% |
| HCL Technologies Limited | 1.00% | 0.70% |
| Hindustan Aeronautics Limited | 0.69% | 0.99% |
| Tata Motors Ltd | 0.68% | 1.12% |
| Cipla Limited | 0.59% | 0.77% |
| Samvardhana Motherson International Limited | 0.56% | 0.86% |
| Torrent Pharmaceuticals Limited | 0.55% | 1.40% |
| Vedanta Aluminium Metal Limited | 0.54% | 0.92% |
| ITC Limited | 1.96% | 0.49% |
| HDFC Life Insurance Company Limited | 0.43% | 0.79% |
| Jindal Steel Limited | 0.33% | 1.92% |
| LTM Limited | 0.29% | 0.80% |
| Zydus Lifesciences Limited | 0.22% | 0.69% |
| Tata Capital Limited | 0.14% | 0.95% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.8% means 43.8% 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 Nifty 100 ETF
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd | 2.38% |
| Mahindra & Mahindra Limited | 2.04% |
| Bajaj Finance Ltd | 2.03% |
| Eternal Limited | 1.80% |
| Titan Company Limited | 1.47% |
Largest holdings only in Union Value Fund
| Security | % of fund |
|---|---|
| Gabriel India Ltd. | 2.02% |
| Nippon Life India Asset Management Ltd. | 1.67% |
| The Phoenix Mills Ltd. | 1.66% |
| Ajanta Pharma Ltd. | 1.64% |
| Ujjivan Small Finance Bank Ltd. | 1.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty 100 ETF | Union Value |
|---|---|---|
| Equity | 100.0% | 96.3% |
| Debt | 0.0% | 0.1% |
| Cash and others | -0.0% | 3.6% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty 100 ETF | Union Value |
|---|---|---|
| Large Cap | 98.0% | 55.5% |
| Mid Cap | 2.0% | 14.6% |
| Small Cap | 0.0% | 25.4% |
| 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 Nifty 100 ETF | Union Value |
|---|---|---|
| Banks | 25.1% | 21.1% |
| Petroleum Products | 7.0% | 4.5% |
| IT - Software | 6.7% | 6.9% |
| Automobiles | 6.4% | 2.5% |
| Finance | 6.2% | 3.7% |
| Pharmaceuticals & Biotechnology | 4.3% | 5.6% |
| Construction | 3.4% | 5.6% |
| Telecom - Services | 4.4% | 3.0% |
| Auto Components | 0.9% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty 100 ETF vs Union Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty 100 ETF | Union Value Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.51% |
| Base expense ratio (Direct) | 0.00% | 1.08% |
| Total expense ratio (Regular) | Not available | 2.56% |
| Base expense ratio (Regular) | 0.45% | 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.
More comparisons
Each fund against the others of its category
Motilal Oswal Nifty 100 ETF vs Union Value Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty 100 ETF and Union Value Fund?
Motilal Oswal Nifty 100 ETF is an ETF fund, Union Value Fund is a Value and Contra fund, run by Motilal Oswal Mutual Fund and Union Mutual Fund. Their portfolios overlap 43.8%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Union Value Fund 1.51%.
Which has given higher returns, Motilal Oswal Nifty 100 ETF or Union Value Fund?
Over 1 year: Motilal Oswal Nifty 100 ETF −9.06%, Union Value Fund −6.91%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty 100 ETF or Union Value Fund?
Motilal Oswal Nifty 100 ETF charges less: 0.68% a year against 1.51%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty 100 ETF and Union Value Fund overlap?
43.8%. They hold 33 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty 100 ETF or Union Value Fund?
On SEBI's riskometer, Motilal Oswal Nifty 100 ETF is rated Very High and Union Value Fund Very High. Over 1 years, the standard deviation of daily returns was 14.04% and 14.74% a year.
Can I invest in both Motilal Oswal Nifty 100 ETF and Union Value Fund?
Yes. 43.8% 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 Union Value Fund?
Motilal Oswal Nifty 100 ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. Union Value Fund: Vinod Malviya, Gaurav Chopra.
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.