Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty India Manufacturing ETF is an ETF fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund. In the year to 30-10-2026, Motilal Oswal Nifty India Manufacturing ETF returned −2.3% and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) returned −2.4%. Motilal Oswal Nifty India Manufacturing ETF charges 0.71% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58%. Their portfolios overlap 65.3%: they hold 41 of the same securities.
Motilal Oswal Nifty India Manufacturing ETF
ETF
- 1 year return
- −2.3%
- Expense ratio
- 0.71%
- NAV
- ₹148.70
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
- 1 year return
- −2.4%
- Expense ratio
- 0.58%
- NAV
- ₹11.57
Which is better, Motilal Oswal Nifty India Manufacturing ETF or Tata Nifty500 Multicap India Manufacturing 50:30:20 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 India Manufacturing ETF returned more over 1 year: −2.3% against −2.4%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index costs less: 0.58% a year against 0.71%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index fell less in its worst fall since 28-05-2025: −12.0% against −12.9%.
- Motilal Oswal Nifty India Manufacturing ETF holds more in large companies: 68.9% of the fund in large caps against 50.2%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index is the larger fund: ₹133 Cr against ₹2 Cr.
- Their portfolios overlap 65.3%: 41 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 India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Tata Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹2 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹148.70 | ₹11.57 (Direct) |
| Expense ratio (Direct) | Not available | 0.58% |
| Expense ratio (Regular) | Not available | 1.13% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty India Manufacturing TRI | Not available |
| Launch date | 23-05-2025 | Not available |
| 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty | Not available |
| Exit load | Nil | Not available |
Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: 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 India Manufacturing ETF | −3.59% | −7.64% | −3.92% | −2.32% | -- | -- | -- |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −2.79% | −6.22% | −2.54% | −2.40% | -- | -- | -- |
Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Year-wise Returns
| Year | Motilal Oswal Nifty India Manufacturing ETFMotilal Oswal Nifty India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| 2026to date | −3.04% | −2.35% |
| 2025 | -- | +8.51% |
Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of Motilal Oswal Nifty India Manufacturing ETF
Rolling returns
Every 1-year holding period, 105 of them, one for each trading day from 29-05-2026 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 India Manufacturing ETF
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 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 India Manufacturing ETF | 8.6 | 14.3 | 22.9 | 40.0 | 14.3 | 0.0 | 0.0 | 9.4% | 10.4% | −4.0% | 19.6% | 0% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | 9.5 | 17.1 | 47.6 | 21.9 | 3.8 | 0.0 | 0.0 | 7.2% | 7.2% | −4.7% | 16.7% | 0% |
| Nifty India Manufacturing TRI | 5.7 | 14.3 | 18.1 | 45.7 | 15.2 | 1.0 | 0.0 | 10.1% | 11.1% | −3.4% | 20.4% | -- |
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 India Manufacturing 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 28-05-2025. Past returns do not promise future returns.
Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 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
₹10,000 on the first trading day of every month, from 28-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty India Manufacturing ETFMotilal Oswal Nifty India Manufacturing ETF | ₹1,80,000 | ₹1,78,094 | −₹1,906 | −1.4% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | ₹1,80,000 | ₹1,80,059 | ₹59 | 0.0% |
Motilal Oswal Nifty India Manufacturing ETFMotilal Oswal Nifty India Manufacturing ETF
Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 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 India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.32% | −2.40% |
| Standard deviation | 16.02% | 15.71% |
| Sharpe ratio | -0.47 | -0.49 |
| Sortino ratio | -0.63 | -0.65 |
| Maximum drawdown | −12.9% (23-10-2026) | −12.0% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.64% | −0.65% |
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 India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.80% | +5.86% |
| Standard deviation | 14.54% | 16.41% |
| Sharpe ratio | -0.10 | 0.00 |
| Sortino ratio | -0.14 | 0.00 |
| Maximum drawdown | −12.9% (23-10-2026) | −21.3% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.68% | −0.65% |
From daily NAVs, 28-05-2025 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 India Manufacturing ETF
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty India Manufacturing ETF | −12.9% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −12.0% | 07-08-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| Nifty India Manufacturing TRI | −12.8% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 28-05-2025, 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 India Manufacturing ETF
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
Against Nifty India Manufacturing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty India Manufacturing ETF | 97% | 100% | 0.14% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | 92% | 94% | 3.19% |
From month-end values since 28-05-2025. 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 India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty India Manufacturing ETF, September 2026; Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, September 2026
Holdings in common
- Overlap
- 65.3%
- Held by both
- 41
- Only in Motilal Oswal Nifty India Manufacturing ETF
- 36
- Only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index
- 34
| Security | % of Motilal Oswal Nifty India Manufacturing ETF | % of Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Mahindra & Mahindra Limited | 4.97% | 5.89% |
| Reliance Industries Limited | 4.95% | 9.93% |
| Sun Pharmaceutical Industries Limited | 4.58% | 4.30% |
| Maruti Suzuki India Limited | 3.72% | 3.48% |
| Tata Steel Limited | 3.64% | 3.42% |
| Bharat Electronics Limited | 3.31% | 3.11% |
| Hindalco Industries Limited | 3.25% | 3.05% |
| JSW Steel Limited | 2.87% | 2.70% |
| Bajaj Auto Limited | 2.82% | 2.65% |
| Divi's Laboratories Limited | 2.80% | 2.64% |
| Eicher Motors Limited | 2.34% | 2.20% |
| Hindustan Aeronautics Limited | 2.11% | 1.98% |
| Laurus Labs Limited | 1.84% | 2.35% |
| Cipla Limited | 1.80% | 1.69% |
| Dr Reddys Laboratories Limited | 1.79% | 1.68% |
| Tata Motors Passenger Vehicles Limited | 1.41% | 1.32% |
| Dixon Technologies (India) Limited | 1.29% | 1.66% |
| Bharat Forge Limited | 1.28% | 1.63% |
| GE Vernova T&D India Limited | 1.24% | 1.58% |
| Lupin Limited | 1.18% | 1.50% |
| Suzlon Energy Limited | 1.14% | 1.46% |
| Aurobindo Pharma Limited | 1.10% | 1.41% |
| Ashok Leyland Limited | 1.05% | 1.34% |
| APL Apollo Tubes Limited | 0.95% | 1.21% |
| Sona BLW Precision Forgings Limited | 0.89% | 1.44% |
| SRF Limited | 0.86% | 1.09% |
| Welspun Corp Limited | 0.85% | 1.37% |
| Alkem Laboratories Limited | 0.75% | 0.95% |
| Navin Fluorine International Limited | 0.73% | 1.17% |
| UPL Limited | 0.72% | 0.92% |
| KEI Industries Limited | 0.65% | 0.84% |
| Havells India Limited | 0.61% | 0.78% |
| Tube Investments Of India Limited | 0.60% | 0.77% |
| Voltas Limited | 0.58% | 0.74% |
| Page Industries Limited | 0.57% | 0.70% |
| Supreme Industries Limited | 0.54% | 0.68% |
| PI Industries Limited | 0.44% | 0.57% |
| Himadri Speciality Chemical Limited | 0.38% | 0.62% |
| Amber Enterprises India Limited | 0.35% | 0.56% |
| Crompton Greaves Consumer Electricals Limited | 0.32% | 0.52% |
| Kaynes Technology India Limited | 0.25% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 65.3% means 65.3% 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 India Manufacturing ETF
| Security | % of fund |
|---|---|
| TVS Motor Company Limited | 2.30% |
| Tata Motors Ltd | 2.10% |
| Samvardhana Motherson International Limited | 1.72% |
| Torrent Pharmaceuticals Limited | 1.69% |
| Vedanta Aluminium Metal Limited | 1.67% |
Largest holdings only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
| Security | % of fund |
|---|---|
| HERO MOTOCORP LTD | 2.07% |
| BHARAT HEAVY ELECTRICALS LTD | 1.84% |
| GLENMARK PHARMACEUTICALS LTD | 1.07% |
| ATHER ENERGY LTD | 1.04% |
| HINDUSTAN PETROLEUM CORPORATION LTD | 1.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Equity | 99.6% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | -0.1% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Large Cap | 68.9% | 50.2% |
| Mid Cap | 27.6% | 31.3% |
| Small Cap | 3.2% | 18.6% |
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 India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.4% | 23.9% |
| Automobiles | 18.2% | 19.0% |
| Petroleum Products | 7.6% | 11.3% |
| Ferrous Metals | 7.5% | 6.1% |
| Auto Components | 7.0% | 5.9% |
| Electrical Equipment | 7.0% | 5.1% |
| Industrial Products | 6.3% | 6.3% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty India Manufacturing ETF | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.58% |
| Base expense ratio (Direct) | 0.00% | 0.39% |
| Total expense ratio (Regular) | Not available | 1.13% |
| Base expense ratio (Regular) | 0.45% | 0.90% |
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 India Manufacturing ETF vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty India Manufacturing ETF and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Motilal Oswal Nifty India Manufacturing ETF is an ETF fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund, run by Motilal Oswal Mutual Fund and Tata Mutual Fund. Their portfolios overlap 65.3%. Motilal Oswal Nifty India Manufacturing ETF charges 0.71% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58%.
Which has given higher returns, Motilal Oswal Nifty India Manufacturing ETF or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Over 1 year: Motilal Oswal Nifty India Manufacturing ETF −2.32%, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund −2.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty India Manufacturing ETF or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund charges less: 0.58% a year against 0.71%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty India Manufacturing ETF and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund overlap?
65.3%. They hold 41 of the same securities, the largest shared ones being M&M, RELIANCE, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Nifty India Manufacturing ETF and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Yes. 65.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.