Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty 50 Equal Weight ETF is an ETF fund and SBI Equity Minimum Variance Fund is a Thematic fund. In the year to 30-10-2026, Motilal Oswal Nifty 50 Equal Weight ETF returned −4.9% and SBI Equity Minimum Variance Fund (Direct) returned −7.9%. Motilal Oswal Nifty 50 Equal Weight ETF charges 0.28% a year and SBI Equity Minimum Variance Fund 0.51%. Their portfolios overlap 60.5%: they hold 49 of the same securities.
Motilal Oswal Nifty 50 Equal Weight ETF
ETF
- 1 year return
- −4.9%
- Expense ratio
- 0.28%
- NAV
- ₹31.65
SBI Equity Minimum Variance Fund
Thematic
- 1 year return
- −7.9%
- Expense ratio
- 0.51%
- NAV
- ₹23.31
Which is better, Motilal Oswal Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance? 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 Nifty 50 Equal Weight ETF returned more over 1 year: −4.9% against −7.9%.
- Motilal Oswal Nifty 50 Equal Weight ETF costs less: 0.28% a year against 0.51%.
- Motilal Oswal Nifty 50 Equal Weight ETF fell less in its worst fall since 07-05-2025: −12.4% against −12.9%.
- SBI Equity Minimum Variance is the larger fund: ₹194 Cr against ₹174 Cr.
- Their portfolios overlap 60.5%: 49 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 50 Equal Weight ETF | SBI Equity Minimum Variance Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹174 Cr (30-09-2026) | ₹194 Cr (30-09-2026) |
| NAV | ₹31.65 | ₹23.31 (Direct) |
| Expense ratio (Direct) | Not available | 0.51% |
| Expense ratio (Regular) | Not available | 0.85% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Equal Weight TRI | Nifty 50 TRI |
| Launch date | 02-05-2025 | 19-03-2019 |
| 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 | Raviprakash Sharma |
| Exit load | Nil | Exit load of 0.5% if redeemed within 15 days. |
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: 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 50 Equal Weight ETF | +0.99% | −6.13% | −2.69% | −4.91% | -- | -- | -- |
| SBI Equity Minimum Variance Fund (Direct) | +0.96% | −6.84% | −3.97% | −7.93% | +6.88% | +8.10% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Year-wise Returns
| Year | Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum VarianceSBI Equity Minimum Variance |
|---|---|---|
| 2026to date | −5.67% | −8.13% |
| 2025 | -- | +7.43% |
| 2024 | -- | +8.40% |
| 2023 | -- | +28.44% |
| 2022 | -- | +6.52% |
| 2021 | -- | +24.35% |
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of Motilal Oswal Nifty 50 Equal Weight ETF
Rolling returns
Every 1-year holding period, 120 of them, one for each trading day from 07-05-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Motilal Oswal Nifty 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty 50 Equal Weight ETF | 23.3 | 37.5 | 34.2 | 5.0 | 0.0 | 0.0 | 0.0 | 3.3% | 4.3% | −7.4% | 11.7% | 0% |
| SBI Equity Minimum Variance | 49.6 | 46.3 | 4.1 | 0.0 | 0.0 | 0.0 | 0.0 | −1.0% | 0.0% | −11.0% | 5.8% | 0% |
| NIFTY50 Equal Weight TRI | 22.5 | 33.3 | 37.5 | 6.7 | 0.0 | 0.0 | 0.0 | 3.5% | 4.6% | −7.3% | 12.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY50 Equal Weight TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 07-05-2025. Past returns do not promise future returns.
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: 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 07-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight ETF | ₹1,80,000 | ₹1,76,992 | −₹3,008 | −2.1% |
| SBI Equity Minimum VarianceSBI Equity Minimum Variance Fund (Direct) | ₹1,80,000 | ₹1,72,773 | −₹7,227 | −5.1% |
Motilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Nifty 50 Equal Weight ETF
SBI Equity Minimum VarianceSBI Equity Minimum Variance 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 50 Equal Weight ETF vs SBI Equity Minimum Variance: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.91% | −7.93% |
| Standard deviation | 13.88% | 11.73% |
| Sharpe ratio | -0.73 | -1.12 |
| Sortino ratio | -0.97 | -1.44 |
| Maximum drawdown | −12.4% (31-03-2026) | −12.9% (31-03-2026) |
| Beta | 1.00 | 0.78 |
| Alpha | −0.16% | −1.24% |
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 50 Equal Weight ETF | SBI Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.12% | +11.86% |
| Standard deviation | 13.01% | 14.87% |
| Sharpe ratio | -0.17 | 0.45 |
| Sortino ratio | -0.24 | 0.62 |
| Maximum drawdown | −12.4% (31-03-2026) | −33.0% (23-03-2020) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.20% | +2.13% |
From daily NAVs, 07-05-2025 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 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty 50 Equal Weight ETF | −12.4% | 11-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −8.1% |
| SBI Equity Minimum Variance Fund (Direct) | −12.9% | 26-11-2025 | 31-03-2026 | Not yet | -- | −8.8% |
| NIFTY50 Equal Weight TRI | −12.4% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.0% |
From daily values since 07-05-2025, 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 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty 50 Equal Weight ETF | 99% | 100% | 0.04% |
| SBI Equity Minimum Variance Fund (Direct) | 79% | 100% | 3.09% |
From month-end values since 07-05-2025. 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 50 Equal Weight ETF vs SBI Equity Minimum Variance: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty 50 Equal Weight ETF, September 2026; SBI Equity Minimum Variance Fund, September 2026
Holdings in common
- Overlap
- 60.5%
- Held by both
- 49
- Only in Motilal Oswal Nifty 50 Equal Weight ETF
- 1
- Only in SBI Equity Minimum Variance
- 1
| Security | % of Motilal Oswal Nifty 50 Equal Weight ETF | % of SBI Equity Minimum Variance |
|---|---|---|
| Dr Reddys Laboratories Limited | 2.10% | 3.55% |
| Coal India Limited | 2.04% | 4.89% |
| Tech Mahindra Limited | 2.02% | 4.58% |
| Sun Pharmaceutical Industries Limited | 2.01% | 8.25% |
| ITC Limited | 2.00% | 5.36% |
| Hindustan Unilever Limited | 1.98% | 5.80% |
| Tata Consumer Products Limited | 1.98% | 4.77% |
| Nestle India Limited | 1.97% | 7.70% |
| Cipla Limited | 1.97% | 4.82% |
| Bharti Airtel Limited | 2.02% | 1.95% |
| Apollo Hospitals Enterprise Limited | 1.88% | 7.98% |
| Asian Paints Limited | 2.01% | 1.39% |
| Eternal Limited | 1.96% | 1.22% |
| HCL Technologies Limited | 2.00% | 1.21% |
| Bajaj Auto Limited | 1.97% | 1.17% |
| Kotak Mahindra Bank Ltd | 2.11% | 1.11% |
| JSW Steel Limited | 2.01% | 1.09% |
| Titan Company Limited | 1.92% | 1.09% |
| Tata Consultancy Services Limited | 2.02% | 1.05% |
| Eicher Motors Limited | 1.99% | 1.05% |
| Hindalco Industries Limited | 1.97% | 1.05% |
| Tata Steel Limited | 2.01% | 1.04% |
| Grasim Industries Limited | 1.96% | 1.03% |
| Oil & Natural Gas Corporation Limited | 1.96% | 1.02% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 1.01% |
| Infosys Limited | 2.04% | 1.01% |
| UltraTech Cement Limited | 2.01% | 1.01% |
| SBI Life Insurance Company Limited | 1.99% | 1.01% |
| ICICI Bank Limited | 2.04% | 1.00% |
| Bajaj Finance Ltd | 1.97% | 1.00% |
| Bharat Electronics Limited | 2.02% | 0.99% |
| Bajaj Finserv Limited | 2.00% | 0.99% |
| Mahindra & Mahindra Limited | 1.99% | 0.99% |
| Shriram Finance Limited | 2.02% | 0.98% |
| Larsen & Toubro Limited | 1.99% | 0.98% |
| InterGlobe Aviation Limited | 2.07% | 0.97% |
| Adani Enterprises Limited | 2.04% | 0.97% |
| HDFC Life Insurance Company Limited | 2.01% | 0.97% |
| State Bank of India | 2.00% | 0.97% |
| Reliance Industries Limited | 1.98% | 0.97% |
| Axis Bank Limited | 2.05% | 0.96% |
| NTPC Limited | 2.02% | 0.96% |
| Power Grid Corporation of India Limited | 1.98% | 0.96% |
| Jio Financial Services Limited | 1.96% | 0.96% |
| HDFC Bank Limited | 1.97% | 0.95% |
| Maruti Suzuki India Limited | 2.03% | 0.89% |
| Max Healthcare Institute Limited | 1.88% | 0.88% |
| Tata Motors Passenger Vehicles Limited | 2.00% | 0.87% |
| Trent Limited | 2.01% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.5% means 60.5% 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 Nifty 50 Equal Weight ETF
| Security | % of fund |
|---|---|
| BSE Limited | 1.98% |
Largest holdings only in SBI Equity Minimum Variance Fund
| Security | % of fund |
|---|---|
| Wipro Ltd. | 0.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Equity | 100.0% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.8% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Large Cap | 96.0% | 94.8% |
| Mid Cap | 4.0% | 4.4% |
| Small Cap | 0.0% | 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
| Sector | Motilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Pharmaceuticals & Biotechnology | 6.1% | 16.6% |
| Diversified FMCG | 4.0% | 11.2% |
| Banks | 10.2% | 5.0% |
| Automobiles | 10.0% | 5.0% |
| Healthcare Services | 3.8% | 8.9% |
| IT - Software | 8.1% | 8.8% |
| Finance | 8.0% | 3.9% |
| Food Products | 2.0% | 7.7% |
| Ferrous Metals | 4.0% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.51% |
| Base expense ratio (Direct) | 0.00% | 0.36% |
| Total expense ratio (Regular) | Not available | 0.85% |
| Base expense ratio (Regular) | 0.10% | 0.65% |
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 Equity Minimum Variance with
Motilal Oswal Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
Motilal Oswal Nifty 50 Equal Weight ETF is an ETF fund, SBI Equity Minimum Variance Fund is a Thematic fund, run by Motilal Oswal Mutual Fund and SBI Mutual Fund. Their portfolios overlap 60.5%. Motilal Oswal Nifty 50 Equal Weight ETF charges 0.28% a year and SBI Equity Minimum Variance Fund 0.51%.
Which has given higher returns, Motilal Oswal Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
Over 1 year: Motilal Oswal Nifty 50 Equal Weight ETF −4.91%, SBI Equity Minimum Variance Fund −7.93%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
Motilal Oswal Nifty 50 Equal Weight ETF charges less: 0.28% a year against 0.51%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund overlap?
60.5%. They hold 49 of the same securities, the largest shared ones being DRREDDY, COALINDIA, TECHM. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
On SEBI's riskometer, Motilal Oswal Nifty 50 Equal Weight ETF is rated Very High and SBI Equity Minimum Variance Fund Very High. Over 1 years, the standard deviation of daily returns was 13.88% and 11.73% a year.
Can I invest in both Motilal Oswal Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
Yes. 60.5% 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 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
Motilal Oswal Nifty 50 Equal Weight ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. SBI Equity Minimum Variance Fund: Raviprakash Sharma.
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.