Motilal Oswal Nifty India Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty India Tourism ETF is an ETF fund and Motilal Oswal Nifty MidSmall India Consumption Index Fund is a mutual fund. In the year to 30-10-2026, Motilal Oswal Nifty India Tourism ETF returned −16.0% and Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) returned −13.9%. Motilal Oswal Nifty India Tourism ETF charges 1.04% a year and Motilal Oswal Nifty MidSmall India Consumption Index Fund 0.80%. Their portfolios overlap 11.8%: they hold 4 of the same securities.
Motilal Oswal Nifty India Tourism ETF
ETF
- 1 year return
- −16.0%
- Expense ratio
- 1.04%
- NAV
- ₹75.59
Motilal Oswal Nifty MidSmall India Consumption Index Fund
- 1 year return
- −13.9%
- Expense ratio
- 0.80%
- NAV
- ₹8.98
Which is better, Motilal Oswal Nifty India Tourism ETF or Motilal Oswal Nifty MidSmall India Consumption 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 MidSmall India Consumption Index returned more over 1 year: −13.9% against −16.0%.
- Motilal Oswal Nifty MidSmall India Consumption Index costs less: 0.80% a year against 1.04%.
- Motilal Oswal Nifty MidSmall India Consumption Index fell less in its worst fall since 12-06-2025: −21.5% against −31.2%.
- Motilal Oswal Nifty India Tourism ETF holds more in large companies: 20.4% of the fund in large caps against 0.0%.
- Motilal Oswal Nifty MidSmall India Consumption Index is the larger fund: ₹23 Cr against ₹17 Cr.
- Their portfolios overlap 11.8%: 4 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 Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹17 Cr (30-09-2026) | ₹23 Cr (30-09-2026) |
| NAV | ₹75.59 | ₹8.98 (Direct) |
| Expense ratio (Direct) | Not available | 0.80% |
| Expense ratio (Regular) | Not available | 1.22% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty India Tourism TRI | Not available |
| Launch date | 09-06-2025 | 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 Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption 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 Tourism ETF | −1.22% | −3.74% | +3.73% | −16.02% | -- | -- | -- |
| Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) | −3.28% | −10.84% | −3.45% | −13.86% | -- | -- | -- |
Motilal Oswal Nifty India Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index: Year-wise Returns
| Year | India Tourism ETFMotilal Oswal Nifty India Tourism ETF | MidSmall India Consumption IndexMotilal Oswal Nifty MidSmall India Consumption Index |
|---|---|---|
| 2026to date | −11.69% | −9.18% |
| 2025 | -- | −8.27% |
Motilal Oswal Nifty India Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India Tourism TRI, the benchmark of Motilal Oswal Nifty India Tourism ETF
Rolling returns
Every 1-year holding period, 95 of them, one for each trading day from 12-06-2026 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 Tourism ETF
Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct)
Nifty India Tourism TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 Tourism ETF | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −14.4% | −14.4% | −19.7% | −9.5% | 0% |
| Motilal Oswal Nifty MidSmall India Consumption Index | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.7% | −6.5% | −17.1% | −0.3% | 99% |
| Nifty India Tourism TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −13.7% | −13.8% | −19.1% | −8.7% | -- |
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 Tourism 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 12-06-2025. Past returns do not promise future returns.
Motilal Oswal Nifty India Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption 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 12-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty India Tourism ETFMotilal Oswal Nifty India Tourism ETF | ₹1,70,000 | ₹1,58,283 | −₹11,717 | −9.3% |
| Motilal Oswal Nifty MidSmall India Consumption IndexMotilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) | ₹1,70,000 | ₹1,57,320 | −₹12,680 | −10.0% |
Motilal Oswal Nifty India Tourism ETFMotilal Oswal Nifty India Tourism ETF
Motilal Oswal Nifty MidSmall India Consumption IndexMotilal Oswal Nifty MidSmall India Consumption 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 Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption 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 Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.02% | −13.86% |
| Standard deviation | 22.16% | 16.79% |
| Sharpe ratio | -0.96 | -1.14 |
| Sortino ratio | -1.29 | -1.49 |
| Maximum drawdown | −28.0% (31-03-2026) | −20.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.49% | −0.45% |
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 Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.24% | −6.76% |
| Standard deviation | 19.88% | 16.83% |
| Sharpe ratio | -0.83 | -0.74 |
| Sortino ratio | -1.12 | -0.97 |
| Maximum drawdown | −31.2% (31-03-2026) | −24.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.77% | −0.67% |
From daily NAVs, 12-06-2025 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 Tourism ETF
Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct)
Nifty India Tourism TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty India Tourism ETF | −31.2% | 16-07-2025 | 31-03-2026 | Not yet | -- | −19.8% |
| Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) | −21.5% | 17-07-2025 | 31-03-2026 | Not yet | -- | −15.4% |
| Nifty India Tourism TRI | −30.8% | 20-08-2025 | 30-03-2026 | Not yet | -- | −19.0% |
From daily values since 12-06-2025, 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 Tourism ETF
Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct)
Nifty India Tourism TRI
Against Nifty India Tourism TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty India Tourism ETF | 99% | 102% | 0.24% |
| Motilal Oswal Nifty MidSmall India Consumption Index Fund (Direct) | 68% | 71% | 11.93% |
From month-end values since 12-06-2025. 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 Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty India Tourism ETF, September 2026; Motilal Oswal Nifty MidSmall India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 11.8%
- Held by both
- 4
- Only in Motilal Oswal Nifty India Tourism ETF
- 7
- Only in Motilal Oswal Nifty MidSmall India Consumption Index
- 26
| Security | % of Motilal Oswal Nifty India Tourism ETF | % of Motilal Oswal Nifty MidSmall India Consumption Index |
|---|---|---|
| The Indian Hotels Company Limited | 20.24% | 6.61% |
| ITC Hotels Limited | 10.08% | 1.90% |
| Jubilant Foodworks Limited | 9.83% | 1.85% |
| Indian Railway Catering And Tourism Corporation Limited | 7.53% | 1.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.8% means 11.8% 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 Tourism ETF
| Security | % of fund |
|---|---|
| InterGlobe Aviation Limited | 20.36% |
| GMR Airports Limited | 18.11% |
| EIH Limited | 3.27% |
| TBO Tek Limited | 3.19% |
| Devyani International Limited | 3.04% |
Largest holdings only in Motilal Oswal Nifty MidSmall India Consumption Index Fund
| Security | % of fund |
|---|---|
| Hero MotoCorp Limited | 7.03% |
| Dixon Technologies (India) Limited | 5.64% |
| Lenskart Solutions Limited | 5.19% |
| Info Edge India Ltd | 4.89% |
| FSN E-Commerce Ventures Limited | 4.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty India Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index |
|---|---|---|
| Equity | 99.9% | 100.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.5% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty India Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index |
|---|---|---|
| Large Cap | 20.4% | 0.0% |
| Mid Cap | 56.0% | 97.3% |
| Small Cap | 23.6% | 3.2% |
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 Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index |
|---|---|---|
| Leisure Services | 61.5% | 11.8% |
| Retailing | 0.0% | 21.4% |
| Transport Services | 20.4% | 0.0% |
| Transport Infrastructure | 18.1% | 0.0% |
| Consumer Durables | 0.0% | 14.2% |
| Realty | 0.0% | 14.2% |
| Beverages | 0.0% | 7.7% |
| Automobiles | 0.0% | 7.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty India Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty India Tourism ETF | Motilal Oswal Nifty MidSmall India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.80% |
| Base expense ratio (Direct) | 0.00% | 0.55% |
| Total expense ratio (Regular) | Not available | 1.22% |
| 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 Tourism ETF vs Motilal Oswal Nifty MidSmall India Consumption Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty India Tourism ETF and Motilal Oswal Nifty MidSmall India Consumption Index Fund?
Motilal Oswal Nifty India Tourism ETF is an ETF fund, Motilal Oswal Nifty MidSmall India Consumption Index Fund is a mutual fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 11.8%. Motilal Oswal Nifty India Tourism ETF charges 1.04% a year and Motilal Oswal Nifty MidSmall India Consumption Index Fund 0.80%.
Which has given higher returns, Motilal Oswal Nifty India Tourism ETF or Motilal Oswal Nifty MidSmall India Consumption Index Fund?
Over 1 year: Motilal Oswal Nifty India Tourism ETF −16.02%, Motilal Oswal Nifty MidSmall India Consumption Index Fund −13.86%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty India Tourism ETF or Motilal Oswal Nifty MidSmall India Consumption Index Fund?
Motilal Oswal Nifty MidSmall India Consumption Index Fund charges less: 0.80% a year against 1.04%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty India Tourism ETF and Motilal Oswal Nifty MidSmall India Consumption Index Fund overlap?
11.8%. They hold 4 of the same securities, the largest shared ones being INDHOTEL, ITCHOTELS, JUBLFOOD. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Nifty India Tourism ETF and Motilal Oswal Nifty MidSmall India Consumption Index Fund?
Yes. 11.8% of each fund's money sits in the same holdings, so some 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.