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    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index Fund

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Motilal Oswal Nifty 500 ETF is an ETF fund and Motilal Oswal Nifty 500 Index Fund is an Index fund. In the 3 years to 30-10-2026, Motilal Oswal Nifty 500 ETF returned 10.0% a year and Motilal Oswal Nifty 500 Index Fund (Direct) returned 9.9% a year. Motilal Oswal Nifty 500 ETF charges 0.39% a year and Motilal Oswal Nifty 500 Index Fund 0.23%. Their portfolios overlap 99.7%: they hold 497 of the same securities.

    Motilal Oswal Nifty 500 ETF

    ETF

    3 year return
    10.0%
    Expense ratio
    0.39%
    NAV
    ₹22.42
    See Motilal Oswal Nifty 500 ETF

    Motilal Oswal Nifty 500 Index Fund

    Index

    3 year return
    9.9%
    Expense ratio
    0.23%
    NAV
    ₹25.62
    See Motilal Oswal Nifty 500 Index Fund

    Which is better, Motilal Oswal Nifty 500 ETF or Motilal Oswal Nifty 500 Index? 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 500 ETF returned more over 3 years: 10.0% a year against 9.9%.
    • Motilal Oswal Nifty 500 Index returned more over 1 year: −7.4% against −7.5%.
    • Motilal Oswal Nifty 500 Index costs less: 0.23% a year against 0.39%.
    • Motilal Oswal Nifty 500 Index swung less over 3 years: a standard deviation of 14.2% a year against 14.3%.
    • Motilal Oswal Nifty 500 Index fell less in its worst fall since 06-10-2023: −18.6% against −18.6%.
    • Motilal Oswal Nifty 500 Index is the larger fund: ₹3,086 Cr against ₹299 Cr.
    • Their portfolios overlap 99.7%: 497 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 500 ETFMotilal Oswal Nifty 500 Index Fund
    Fund houseMotilal Oswal Mutual FundMotilal Oswal Mutual Fund
    CategoryETFIndex
    AUM₹299 Cr (30-09-2026)₹3,086 Cr (30-09-2026)
    NAV₹22.42₹25.62 (Direct)
    Expense ratio (Direct)Not available0.23%
    Expense ratio (Regular)Not available0.97%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRINifty 500 TRI
    Launch date29-09-202306-09-2019
    Minimum investmentOn the Exchange: As the Scheme would be listed on the exchange, the investor can buy units on an ongoing basis on NSE at the traded prices which may be close to the actual NAV of the Scheme. The units are purchased in round lots of 1 unit. Directly with t₹500
    Lock inNoneNone
    Fund managersSwapnil Mayekar, Rakesh ShettySwapnil Mayekar
    Exit loadNilExit load of 1% if redeemed within 15 days.

    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index: 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 500 ETF−0.76%−6.10%−2.94%−7.51%+9.98%----
    Motilal Oswal Nifty 500 Index Fund (Direct)−0.76%−6.07%−2.87%−7.43%+9.95%+8.49%--

    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index: Year-wise Returns

    YearETFMotilal Oswal Nifty 500 ETFIndexMotilal Oswal Nifty 500 IndexNifty 500 TRI
    2026to date−7.67%−7.58%−7.51%
    2025+7.60%+7.67%+7.76%
    2024+15.93%+15.64%+16.24%
    2023--+26.54%+26.91%
    2022--+3.79%+4.25%
    2021--+30.63%+31.60%

    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 511 of them, one for each trading day from 07-10-2024 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.

    −10%0%10%20%30%40%
    Dec 2023
    to
    Dec 2024
    Apr 2024
    to
    Apr 2025
    Aug 2024
    to
    Aug 2025
    Dec 2024
    to
    Dec 2025
    May 2025
    to
    May 2026
    Aug 2025
    to
    Aug 2026
    Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 Index Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Motilal Oswal Nifty 500 ETF22.928.228.87.23.10.89.06.7%4.9%−9.1%38.7%1%
    Motilal Oswal Nifty 500 Index23.027.929.17.13.11.48.46.7%4.9%−9.0%38.3%1%
    Nifty 500 TRI21.328.229.08.03.70.89.06.9%5.1%−9.0%39.1%--

    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 Nifty 500 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 06-10-2023. Past returns do not promise future returns.

    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index: 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 06-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 ETF ₹3,70,000 ₹3,76,921 ₹6,921 1.2%
    Motilal Oswal Nifty 500 IndexMotilal Oswal Nifty 500 Index Fund (Direct) ₹3,70,000 ₹3,77,151 ₹7,151 1.2%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L
    202420252026
    Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 IndexMotilal Oswal Nifty 500 Index 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 500 ETF vs Motilal Oswal Nifty 500 Index: Risk and Drawdowns

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

    Risk and return

    MeasureMotilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 Index Fund (Direct)
    Return (CAGR)+9.98%+9.95%
    Standard deviation14.28%14.23%
    Sharpe ratio0.280.28
    Sortino ratio0.370.37
    Maximum drawdown−18.6% (28-02-2025)−18.6% (28-02-2025)
    Beta1.001.00
    Alpha−0.23%−0.27%

    From daily NAVs, 30-10-2023 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%
    202420252026
    Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 Index Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Motilal Oswal Nifty 500 ETF−18.6%26-09-202428-02-2025Not yet--−9.2%
    Motilal Oswal Nifty 500 Index Fund (Direct)−18.6%26-09-202428-02-2025Not yet--−9.0%
    Nifty 500 TRI−18.6%26-09-202428-02-2025Not yet--−8.8%

    From daily values since 06-10-2023, 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 3-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 500 ETFMotilal Oswal Nifty 500 Index Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    Motilal Oswal Nifty 500 ETF99%100%0.03%
    Motilal Oswal Nifty 500 Index Fund (Direct)99%100%0.11%

    From month-end values since 06-10-2023. 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 500 ETF vs Motilal Oswal Nifty 500 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Motilal Oswal Nifty 500 ETF, September 2026; Motilal Oswal Nifty 500 Index Fund, September 2026

    Holdings in common

    Overlap
    99.7%
    Held by both
    497
    Only in Motilal Oswal Nifty 500 ETF
    0
    Only in Motilal Oswal Nifty 500 Index
    0
    Security% of Motilal Oswal Nifty 500 ETF% of Motilal Oswal Nifty 500 Index
    HDFC Bank Limited5.66%5.66%
    ICICI Bank Limited4.93%4.94%
    Reliance Industries Limited4.13%4.14%
    Bharti Airtel Limited2.78%2.78%
    Larsen & Toubro Limited2.29%2.29%
    State Bank of India2.06%2.07%
    Axis Bank Limited1.84%1.84%
    Infosys Limited1.83%1.83%
    Kotak Mahindra Bank Ltd1.60%1.60%
    Mahindra & Mahindra Limited1.37%1.37%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.7% means 99.7% 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 500 ETF

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

    Largest holdings only in Motilal Oswal Nifty 500 Index Fund

    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 500 ETFMotilal Oswal Nifty 500 Index
    Equity99.7%99.7%
    Debt0.0%0.0%
    Cash and others0.3%0.3%

    Market cap of stocks

    Market capMotilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 Index
    Large Cap67.1%67.1%
    Mid Cap20.9%20.9%
    Small Cap11.6%11.6%
    Not on AMFI's list0.1%0.1%

    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 500 ETFMotilal Oswal Nifty 500 Index
    Banks19.3%19.3%
    Finance6.5%6.5%
    Pharmaceuticals & Biotechnology5.8%5.8%
    IT - Software5.7%5.7%
    Petroleum Products5.0%5.0%
    Automobiles4.9%4.9%

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

    Motilal Oswal Nifty 500 ETF vs Motilal Oswal Nifty 500 Index: Expense Ratio

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

    ChargeMotilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 Index Fund
    Total expense ratio (Direct)Not available0.23%
    Base expense ratio (Direct)0.00%0.13%
    Total expense ratio (Regular)Not available0.97%
    Base expense ratio (Regular)0.18%0.79%

    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 500 ETF vs Motilal Oswal Nifty 500 Index Fund: Frequently Asked Questions

    What is the difference between Motilal Oswal Nifty 500 ETF and Motilal Oswal Nifty 500 Index Fund?

    Motilal Oswal Nifty 500 ETF is an ETF fund, Motilal Oswal Nifty 500 Index Fund is an Index fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 99.7%. Motilal Oswal Nifty 500 ETF charges 0.39% a year and Motilal Oswal Nifty 500 Index Fund 0.23%.

    Which has given higher returns, Motilal Oswal Nifty 500 ETF or Motilal Oswal Nifty 500 Index Fund?

    Over 1 year: Motilal Oswal Nifty 500 ETF −7.51%, Motilal Oswal Nifty 500 Index Fund −7.43%. Over 3 years: Motilal Oswal Nifty 500 ETF +9.98% a year, Motilal Oswal Nifty 500 Index Fund +9.95% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Motilal Oswal Nifty 500 ETF or Motilal Oswal Nifty 500 Index Fund?

    Motilal Oswal Nifty 500 Index Fund charges less: 0.23% a year against 0.39%. These are the total expense ratios reported to AMFI.

    How much do Motilal Oswal Nifty 500 ETF and Motilal Oswal Nifty 500 Index Fund overlap?

    99.7%. They hold 497 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 500 ETF or Motilal Oswal Nifty 500 Index Fund?

    On SEBI's riskometer, Motilal Oswal Nifty 500 ETF is rated Very High and Motilal Oswal Nifty 500 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 14.28% and 14.23% a year.

    Which is better for SIP, Motilal Oswal Nifty 500 ETF or Motilal Oswal Nifty 500 Index Fund?

    Over the last 3 years, a monthly SIP of ₹10,000 from 06-10-2023 to 30-10-2026 grew to ₹3,76,921 in Motilal Oswal Nifty 500 ETF (XIRR 1.2% a year) and ₹3,77,151 in Motilal Oswal Nifty 500 Index Fund (XIRR 1.2% a year). Both received 37 instalments. Past returns do not promise future returns.

    Can I invest in both Motilal Oswal Nifty 500 ETF and Motilal Oswal Nifty 500 Index Fund?

    Yes. 99.7% 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 500 ETF and Motilal Oswal Nifty 500 Index Fund?

    Motilal Oswal Nifty 500 ETF: Swapnil Mayekar, Rakesh Shetty. Motilal Oswal Nifty 500 Index Fund: Swapnil Mayekar.

    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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