Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah 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 UTI Nifty500 Shariah Index Fund is an Index fund. Motilal Oswal Nifty India Manufacturing ETF charges 0.71% a year and UTI Nifty500 Shariah Index Fund 0.78%. Their portfolios overlap 35.8%: they hold 49 of the same securities.
Motilal Oswal Nifty India Manufacturing ETF
ETF
- Expense ratio
- 0.71%
- NAV
- ₹148.70
Which is better, Motilal Oswal Nifty India Manufacturing ETF or UTI Nifty500 Shariah 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 costs less: 0.71% a year against 0.78%.
- UTI Nifty500 Shariah Index fell less in its worst fall since 26-02-2026: −10.3% against −12.9%.
- Motilal Oswal Nifty India Manufacturing ETF holds more in large companies: 68.9% of the fund in large caps against 54.0%.
- UTI Nifty500 Shariah Index is the larger fund: ₹88 Cr against ₹2 Cr.
- Their portfolios overlap 35.8%: 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 India Manufacturing ETF | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹2 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹148.70 | ₹9.62 (Direct) |
| Expense ratio (Direct) | Not available | 0.78% |
| Expense ratio (Regular) | Not available | 1.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Manufacturing TRI | Nifty 500 Shariah TRI |
| Launch date | 23-05-2025 | 23-02-2026 |
| 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 | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil | Nil |
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah 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% | -- | -- | -- |
| UTI Nifty500 Shariah Index Fund (Direct) | +0.16% | −6.03% | −2.97% | -- | -- | -- | -- |
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah Index: Year-wise Returns
| Year | Motilal Oswal Nifty India Manufacturing ETFMotilal Oswal Nifty India Manufacturing ETF | UTI Nifty500 Shariah IndexUTI Nifty500 Shariah Index |
|---|---|---|
| 2026to date | −3.04% | -- |
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah Index: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of Motilal Oswal Nifty India Manufacturing ETF
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah 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 | UTI Nifty500 Shariah Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.80% | −6.11% |
| Standard deviation | 14.54% | 14.41% |
| Sharpe ratio | -0.10 | -0.79 |
| Sortino ratio | -0.14 | -1.04 |
| Maximum drawdown | −12.9% (23-10-2026) | −10.3% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.68% | −0.70% |
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
UTI Nifty500 Shariah 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% |
| UTI Nifty500 Shariah Index Fund (Direct) | −10.3% | 10-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| Nifty India Manufacturing TRI | −12.8% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 26-02-2026, the first day every fund has.
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty India Manufacturing ETF, September 2026; UTI Nifty500 Shariah Index Fund, September 2026
Holdings in common
- Overlap
- 35.8%
- Held by both
- 49
- Only in Motilal Oswal Nifty India Manufacturing ETF
- 28
- Only in UTI Nifty500 Shariah Index
- 154
| Security | % of Motilal Oswal Nifty India Manufacturing ETF | % of UTI Nifty500 Shariah Index |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 4.58% | 3.20% |
| Hindalco Industries Limited | 3.25% | 2.27% |
| Tata Motors Ltd | 2.10% | 1.47% |
| Laurus Labs Limited | 1.84% | 1.28% |
| Cipla Limited | 1.80% | 1.26% |
| Dr Reddys Laboratories Limited | 1.79% | 1.25% |
| Samvardhana Motherson International Limited | 1.72% | 1.20% |
| Cummins India Limited | 1.53% | 1.07% |
| Bharat Petroleum Corporation Limited | 1.45% | 1.01% |
| Tata Motors Passenger Vehicles Limited | 1.41% | 0.99% |
| CG Power and Industrial Solutions Limited | 1.40% | 0.97% |
| Dixon Technologies (India) Limited | 1.29% | 0.91% |
| GE Vernova T&D India Limited | 1.24% | 0.87% |
| Indian Oil Corporation Limited | 1.20% | 0.84% |
| Lupin Limited | 1.18% | 0.82% |
| Suzlon Energy Limited | 1.14% | 0.80% |
| Aurobindo Pharma Limited | 1.10% | 0.77% |
| Pidilite Industries Limited | 1.09% | 0.76% |
| Vedanta Limited | 1.09% | 0.76% |
| Polycab India Limited | 1.04% | 0.71% |
| Jindal Steel Limited | 1.00% | 0.70% |
| APL Apollo Tubes Limited | 0.95% | 0.66% |
| Sona BLW Precision Forgings Limited | 0.89% | 0.62% |
| SRF Limited | 0.86% | 0.60% |
| Welspun Corp Limited | 0.85% | 0.59% |
| Siemens Limited | 0.79% | 0.55% |
| Alkem Laboratories Limited | 0.75% | 0.52% |
| Navin Fluorine International Limited | 0.73% | 0.51% |
| UPL Limited | 0.72% | 0.50% |
| Zydus Lifesciences Limited | 0.69% | 0.48% |
| Hyundai Motor India Ltd | 0.68% | 0.48% |
| Siemens Energy India Limited | 0.68% | 0.47% |
| KEI Industries Limited | 0.65% | 0.46% |
| Hindustan Zinc Limited | 0.65% | 0.45% |
| Havells India Limited | 0.61% | 0.43% |
| Tube Investments Of India Limited | 0.60% | 0.42% |
| MRF Limited | 0.65% | 0.41% |
| Voltas Limited | 0.58% | 0.41% |
| Page Industries Limited | 0.57% | 0.38% |
| Supreme Industries Limited | 0.54% | 0.37% |
| UNO Minda Limited | 0.51% | 0.35% |
| Coromandel International Limited | 0.50% | 0.35% |
| Blue Star Limited | 0.47% | 0.33% |
| Hindustan Copper Limited | 0.43% | 0.30% |
| Balkrishna Industries Limited | 0.41% | 0.28% |
| Astral Limited | 0.40% | 0.28% |
| Amber Enterprises India Limited | 0.35% | 0.24% |
| Linde India Limited | 0.33% | 0.22% |
| Crompton Greaves Consumer Electricals Limited | 0.32% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.8% means 35.8% 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 India Manufacturing ETF
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 4.97% |
| Reliance Industries Limited | 4.95% |
| Maruti Suzuki India Limited | 3.72% |
| Tata Steel Limited | 3.64% |
| Bharat Electronics Limited | 3.31% |
Largest holdings only in UTI Nifty500 Shariah Index Fund
| Security | % of fund |
|---|---|
| EQ - INFOSYS LTD. | 5.84% |
| EQ - ETERNAL LIMITED | 3.86% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 3.48% |
| EQ - HINDUSTAN UNILEVER LTD | 2.77% |
| EQ - ULTRATECH CEMENT LTD. | 2.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty India Manufacturing ETF | UTI Nifty500 Shariah Index |
|---|---|---|
| Equity | 99.6% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | -0.2% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty India Manufacturing ETF | UTI Nifty500 Shariah Index |
|---|---|---|
| Large Cap | 68.9% | 54.0% |
| Mid Cap | 27.6% | 30.9% |
| Small Cap | 3.2% | 15.0% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | UTI Nifty500 Shariah Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.4% | 13.7% |
| Automobiles | 18.2% | 2.8% |
| IT - Software | 0.0% | 16.6% |
| Retailing | 0.0% | 8.3% |
| Petroleum Products | 7.6% | 2.1% |
| Ferrous Metals | 7.5% | 1.6% |
| Auto Components | 7.0% | 5.3% |
| Electrical Equipment | 7.0% | 6.0% |
| Industrial Products | 6.3% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty India Manufacturing ETF vs UTI Nifty500 Shariah Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty India Manufacturing ETF | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.78% |
| Base expense ratio (Direct) | 0.00% | 0.50% |
| Total expense ratio (Regular) | Not available | 1.24% |
| 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 UTI Nifty500 Shariah Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty India Manufacturing ETF and UTI Nifty500 Shariah Index Fund?
Motilal Oswal Nifty India Manufacturing ETF is an ETF fund, UTI Nifty500 Shariah Index Fund is an Index fund, run by Motilal Oswal Mutual Fund and UTI Mutual Fund. Their portfolios overlap 35.8%. Motilal Oswal Nifty India Manufacturing ETF charges 0.71% a year and UTI Nifty500 Shariah Index Fund 0.78%.
Which has the lower expense ratio, Motilal Oswal Nifty India Manufacturing ETF or UTI Nifty500 Shariah Index Fund?
Motilal Oswal Nifty India Manufacturing ETF charges less: 0.71% a year against 0.78%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty India Manufacturing ETF and UTI Nifty500 Shariah Index Fund overlap?
35.8%. They hold 49 of the same securities, the largest shared ones being SUNPHARMA, HINDALCO, TMCV. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty India Manufacturing ETF or UTI Nifty500 Shariah Index Fund?
On SEBI's riskometer, Motilal Oswal Nifty India Manufacturing ETF is rated Very High and UTI Nifty500 Shariah Index Fund Very High. Over their common history, the standard deviation of daily returns was 14.54% and 14.41% a year.
Can I invest in both Motilal Oswal Nifty India Manufacturing ETF and UTI Nifty500 Shariah Index Fund?
Yes. 35.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Nifty India Manufacturing ETF and UTI Nifty500 Shariah Index Fund?
Motilal Oswal Nifty India Manufacturing ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. UTI Nifty500 Shariah Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.