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    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF

    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 Zerodha Nifty 100 ETF is an ETF fund. In the year to 30-10-2026, Motilal Oswal Nifty 100 ETF returned −9.1% and Zerodha Nifty 100 ETF (Direct) returned −8.7%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Zerodha Nifty 100 ETF 0.28%. Their portfolios overlap 99.9%: they hold 100 of the same securities.

    Motilal Oswal Nifty 100 ETF

    ETF

    1 year return
    −9.1%
    Expense ratio
    0.68%
    NAV
    ₹24.13
    See Motilal Oswal Nifty 100 ETF

    Zerodha Nifty 100 ETF

    ETF

    1 year return
    −8.7%
    Expense ratio
    0.28%
    NAV
    ₹10.09
    See Zerodha Nifty 100 ETF

    Which is better, Motilal Oswal Nifty 100 ETF or Zerodha Nifty 100 ETF? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Zerodha Nifty 100 ETF returned more over 1 year: −8.7% against −9.1%.
    • Zerodha Nifty 100 ETF costs less: 0.28% a year against 0.68%.
    • Zerodha Nifty 100 ETF fell less in its worst fall since 16-10-2025: −14.9% against −15.0%.
    • Zerodha Nifty 100 ETF is the larger fund: ₹165 Cr against ₹16 Cr.
    • Their portfolios overlap 99.9%: 100 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

    FactMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF
    Fund houseMotilal Oswal Mutual FundZerodha Mutual Fund
    CategoryETFETF
    AUM₹16 Cr (30-09-2026)₹165 Cr (30-09-2026)
    NAV₹24.13₹10.09 (Direct)
    Expense ratio (Direct)Not available0.28%
    Expense ratio (Regular)Not availableNot available
    RiskometerVery HighVery High
    BenchmarkNifty 100 TRINifty 100 TRI
    Launch date16-10-202512-06-2024
    Minimum investmentOngoing 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 In creation unit size of 765,000 units and in multiples thereafter
    Lock inNoneNone
    Fund managersSwapnil Mayekar, Dishant Mehta, Rakesh ShettyKedarnath Mirajkar
    Exit loadNilNot available

    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Motilal Oswal Nifty 100 ETF+1.00%−5.44%−3.26%−9.06%------
    Zerodha Nifty 100 ETF (Direct)+1.04%−5.28%−2.92%−8.69%------

    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF: Year-wise Returns

    YearMotilal OswalMotilal Oswal Nifty 100 ETFZerodhaZerodha Nifty 100 ETFNifty 100 TRI
    2026to date−9.75%−9.32%−9.32%
    2025--+10.15%+10.24%

    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF: Rolling Returns

    Every holding period of both funds, against Nifty 100 TRI, the benchmark of both

    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF: 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

    Step up each year
    PeriodFor

    ₹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.

    InvestmentInvestedValue nowGainReturn a year
    Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF ₹1,30,000 ₹1,23,641 −₹6,359 −8.4%
    Zerodha Nifty 100 ETFZerodha Nifty 100 ETF (Direct) ₹1,30,000 ₹1,24,313 −₹5,687 −7.5%
    ₹0₹50,000₹1.0 L₹1.5 L
    2026
    Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETFZerodha Nifty 100 ETF (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 Zerodha Nifty 100 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF (Direct)
    Return (CAGR)−9.06%−8.69%
    Standard deviation14.04%14.04%
    Sharpe ratio-1.02-0.99
    Sortino ratio-1.35-1.32
    Maximum drawdown−15.0% (31-03-2026)−14.9% (30-03-2026)
    Beta1.001.00
    Alpha−0.38%−0.01%

    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.

    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.

    −20%−15%−10%−5%0%
    2026
    Motilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF (Direct)Nifty 100 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Motilal Oswal Nifty 100 ETF−15.0%02-01-202631-03-2026Not yet--−10.5%
    Zerodha Nifty 100 ETF (Direct)−14.9%02-01-202630-03-2026Not yet--−10.1%
    Nifty 100 TRI−14.9%02-01-202630-03-2026Not 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.

    0%5%10%15%
    Motilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF (Direct)Nifty 100 TRI

    Against Nifty 100 TRI

    FundUp captureDown captureTracking error
    Motilal Oswal Nifty 100 ETF99%101%0.15%
    Zerodha Nifty 100 ETF (Direct)100%100%0.05%

    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 Zerodha Nifty 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Motilal Oswal Nifty 100 ETF, September 2026; Zerodha Nifty 100 ETF, September 2026

    Holdings in common

    Overlap
    99.9%
    Held by both
    100
    Only in Motilal Oswal Nifty 100 ETF
    0
    Only in Zerodha Nifty 100 ETF
    0
    Security% of Motilal Oswal Nifty 100 ETF% of Zerodha Nifty 100 ETF
    HDFC Bank Limited8.41%8.41%
    ICICI Bank Limited7.34%7.34%
    Reliance Industries Limited6.15%6.15%
    Bharti Airtel Limited4.14%4.14%
    Larsen & Toubro Limited3.41%3.41%
    State Bank of India3.07%3.07%
    Axis Bank Limited2.73%2.73%
    Infosys Limited2.72%2.72%
    Kotak Mahindra Bank Ltd2.38%2.38%
    Mahindra & Mahindra Limited2.04%2.04%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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

    Every holding of this fund is also held by the other.

    Largest holdings only in Zerodha Nifty 100 ETF

    Every holding of this fund is also held by the other.

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF
    Equity100.0%99.9%
    Debt0.0%0.0%
    Cash and others-0.0%0.1%

    Market cap of stocks

    Market capMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF
    Large Cap98.0%97.9%
    Mid Cap2.0%2.0%
    Small Cap0.0%0.0%

    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

    SectorMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF
    Banks25.1%25.1%
    Petroleum Products7.0%7.0%
    IT - Software6.7%6.7%
    Automobiles6.4%6.4%
    Finance6.2%6.2%
    Telecom - Services4.4%4.4%

    The six largest sectors of each fund's stocks, % of the fund.

    Motilal Oswal Nifty 100 ETF vs Zerodha Nifty 100 ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeMotilal Oswal Nifty 100 ETFZerodha Nifty 100 ETF
    Total expense ratio (Direct)Not available0.28%
    Base expense ratio (Direct)0.00%0.22%
    Base expense ratio (Regular)0.45%0.00%

    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 Nifty 100 ETF vs Zerodha Nifty 100 ETF: Frequently Asked Questions

    What is the difference between Motilal Oswal Nifty 100 ETF and Zerodha Nifty 100 ETF?

    Motilal Oswal Nifty 100 ETF is an ETF fund, Zerodha Nifty 100 ETF is an ETF fund, run by Motilal Oswal Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 99.9%. Motilal Oswal Nifty 100 ETF charges 0.68% a year and Zerodha Nifty 100 ETF 0.28%.

    Which has given higher returns, Motilal Oswal Nifty 100 ETF or Zerodha Nifty 100 ETF?

    Over 1 year: Motilal Oswal Nifty 100 ETF −9.06%, Zerodha Nifty 100 ETF −8.69%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Motilal Oswal Nifty 100 ETF or Zerodha Nifty 100 ETF?

    Zerodha Nifty 100 ETF charges less: 0.28% a year against 0.68%. These are the total expense ratios reported to AMFI.

    How much do Motilal Oswal Nifty 100 ETF and Zerodha Nifty 100 ETF overlap?

    99.9%. They hold 100 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 Zerodha Nifty 100 ETF?

    On SEBI's riskometer, Motilal Oswal Nifty 100 ETF is rated Very High and Zerodha Nifty 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 14.04% and 14.04% a year.

    Can I invest in both Motilal Oswal Nifty 100 ETF and Zerodha Nifty 100 ETF?

    Yes. 99.9% 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 Zerodha Nifty 100 ETF?

    Motilal Oswal Nifty 100 ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. Zerodha Nifty 100 ETF: Kedarnath Mirajkar.

    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.

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