Motilal Oswal Nifty MidSmall Financial Services Index Fund vs Tata NIFTY Capital Markets Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund and Tata NIFTY Capital Markets Index Fund is an Index fund. In the year to 30-10-2026, Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) returned 0.8% and Tata NIFTY Capital Markets Index Fund (Direct) returned 13.0%. Motilal Oswal Nifty MidSmall Financial Services Index Fund charges 0.89% a year and Tata NIFTY Capital Markets Index Fund 0.64% (Direct plans). Their portfolios overlap 22.5%: they hold 9 of the same securities.
Motilal Oswal Nifty MidSmall Financial Services Index Fund
- 1 year return
- 0.8%
- Expense ratio
- 0.89%
- NAV
- ₹13.03
Tata NIFTY Capital Markets Index Fund
Index
- 1 year return
- 13.0%
- Expense ratio
- 0.64%
- NAV
- ₹13.99
Which is better, Motilal Oswal Nifty MidSmall Financial Services Index or Tata NIFTY Capital Markets Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY Capital Markets Index returned more over 1 year: 13.0% against 0.8%.
- Tata NIFTY Capital Markets Index costs less: 0.64% a year against 0.89% (Direct plans).
- Motilal Oswal Nifty MidSmall Financial Services Index fell less in its worst fall since 25-11-2024: −19.9% against −30.6%.
- Tata NIFTY Capital Markets Index holds more in large companies: 40.5% of the fund in large caps against 8.0%.
- Tata NIFTY Capital Markets Index is the larger fund: ₹964 Cr against ₹118 Cr.
- Their portfolios overlap 22.5%: 9 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 MidSmall Financial Services Index Fund | Tata NIFTY Capital Markets Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Tata Mutual Fund |
| Category | Not available | Index |
| AUM | ₹118 Cr (30-09-2026) | ₹964 Cr (30-09-2026) |
| NAV | ₹13.03 (Direct) | ₹13.99 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.64% |
| Expense ratio (Regular) | 1.29% | 1.24% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Capital Markets Index (TRI) |
| Launch date | Not available | 24-10-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Nitin Sharma, Rakesh Prajapati |
| Exit load | Not available | 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
Motilal Oswal Nifty MidSmall Financial Services Index vs Tata NIFTY Capital Markets 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 MidSmall Financial Services Index Fund (Direct) | −5.32% | −9.84% | −6.11% | +0.78% | -- | -- | -- |
| Tata NIFTY Capital Markets Index Fund (Direct) | +0.86% | −1.82% | −1.81% | +13.03% | -- | -- | -- |
Motilal Oswal Nifty MidSmall Financial Services Index vs Tata NIFTY Capital Markets Index: Year-wise Returns
| Year | Motilal Oswal Nifty MidSmall Financial ServicesMotilal Oswal Nifty MidSmall Financial Services Index | Tata NIFTY Capital MarketsTata NIFTY Capital Markets Index |
|---|---|---|
| 2026to date | −4.06% | +10.40% |
| 2025 | +30.50% | +15.70% |
Motilal Oswal Nifty MidSmall Financial Services Index vs Tata NIFTY Capital Markets Index: Rolling Returns
Every holding period of both funds, against Nifty MidSmall Financial Services TRI, the benchmark of Motilal Oswal Nifty MidSmall Financial Services Index Fund
Rolling returns
Every 1-year holding period, 229 of them, one for each trading day from 25-11-2025 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 MidSmall Financial Services Index Fund (Direct)
Tata NIFTY Capital Markets Index Fund (Direct)
Nifty MidSmall Financial Services TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 MidSmall Financial Services Index | 0.0 | 2.6 | 1.3 | 5.7 | 13.5 | 21.8 | 55.0 | 26.6% | 26.1% | 0.8% | 47.2% | 0% |
| Tata NIFTY Capital Markets Index | 0.0 | 0.0 | 3.9 | 8.7 | 18.8 | 24.0 | 44.5 | 27.3% | 24.0% | 6.4% | 56.1% | 49% |
| Nifty MidSmall Financial Services TRI | 0.0 | 2.2 | 1.3 | 5.7 | 12.2 | 19.2 | 59.4 | 27.8% | 27.3% | 1.6% | 48.5% | -- |
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 MidSmall Financial Services 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 25-11-2024. Past returns do not promise future returns.
Motilal Oswal Nifty MidSmall Financial Services Index vs Tata NIFTY Capital Markets 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 25-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty MidSmall Financial Services IndexMotilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | ₹2,40,000 | ₹2,60,063 | ₹20,063 | 8.0% |
| Tata NIFTY Capital Markets IndexTata NIFTY Capital Markets Index Fund (Direct) | ₹2,40,000 | ₹2,85,763 | ₹45,763 | 17.9% |
Motilal Oswal Nifty MidSmall Financial Services IndexMotilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)
Tata NIFTY Capital Markets IndexTata NIFTY Capital Markets 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 MidSmall Financial Services Index vs Tata NIFTY Capital Markets Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | Tata NIFTY Capital Markets Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.78% | +13.03% |
| Standard deviation | 20.85% | 24.13% |
| Sharpe ratio | -0.21 | 0.32 |
| Sortino ratio | -0.30 | 0.50 |
| Maximum drawdown | −15.0% (31-03-2026) | −14.2% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.82% | −0.67% |
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 MidSmall Financial Services Index Fund (Direct) | Tata NIFTY Capital Markets Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.57% | +18.59% |
| Standard deviation | 21.10% | 26.76% |
| Sharpe ratio | 0.38 | 0.48 |
| Sortino ratio | 0.54 | 0.72 |
| Maximum drawdown | −19.9% (13-03-2025) | −30.6% (13-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.90% | −0.84% |
From daily NAVs, 25-11-2024 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 MidSmall Financial Services Index Fund (Direct)
Tata NIFTY Capital Markets Index Fund (Direct)
Nifty MidSmall Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | −19.9% | 11-12-2024 | 13-03-2025 | 14-05-2025 | 2 months | −13.6% |
| Tata NIFTY Capital Markets Index Fund (Direct) | −30.6% | 16-12-2024 | 13-03-2025 | 30-05-2025 | 3 months | −9.3% |
| Nifty MidSmall Financial Services TRI | −19.9% | 11-12-2024 | 13-03-2025 | 13-05-2025 | 2 months | −13.4% |
From daily values since 25-11-2024, 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 MidSmall Financial Services Index Fund (Direct)
Tata NIFTY Capital Markets Index Fund (Direct)
Nifty MidSmall Financial Services TRI
Against Nifty MidSmall Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | 99% | 101% | 0.18% |
| Tata NIFTY Capital Markets Index Fund (Direct) | 120% | 115% | 12.79% |
From month-end values since 25-11-2024. 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 MidSmall Financial Services Index vs Tata NIFTY Capital Markets Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty MidSmall Financial Services Index Fund, September 2026; Tata NIFTY Capital Markets Index Fund, September 2026
Holdings in common
- Overlap
- 22.5%
- Held by both
- 9
- Only in Motilal Oswal Nifty MidSmall Financial Services Index
- 21
- Only in Tata NIFTY Capital Markets Index
- 8
| Security | % of Motilal Oswal Nifty MidSmall Financial Services Index | % of Tata NIFTY Capital Markets Index |
|---|---|---|
| Multi Commodity Exchange of India Limited | 8.52% | 18.88% |
| 360 One WAM Limited | 2.74% | 6.07% |
| Central Depository Services (India) Limited | 2.28% | 5.05% |
| Nippon Life India Asset Management Limited | 1.95% | 4.33% |
| Angel One Limited | 1.81% | 4.01% |
| Computer Age Management Services Limited | 1.63% | 3.62% |
| Motilal Oswal Financial Services Limited | 1.60% | 3.54% |
| KFin Technologies Limited | 1.14% | 2.52% |
| Indian Energy Exchange Limited | 0.86% | 1.91% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.5% means 22.5% 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 MidSmall Financial Services Index Fund
| Security | % of fund |
|---|---|
| The Federal Bank Limited | 7.93% |
| One 97 Communications Limited | 7.31% |
| IndusInd Bank Limited | 6.01% |
| AU Small Finance Bank Limited | 5.94% |
| IDFC First Bank Limited | 5.47% |
Largest holdings only in Tata NIFTY Capital Markets Index Fund
| Security | % of fund |
|---|---|
| BSE LTD | 20.02% |
| HDFC ASSET MANAGEMENT COMPANY LTD | 10.44% |
| BILLIONBRAINS GARAGE VENTURES LTD (GROWW) | 5.90% |
| ANAND RATHI WEALTH LTD | 4.35% |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LTD | 4.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty MidSmall Financial Services Index | Tata NIFTY Capital Markets Index |
|---|---|---|
| Equity | 100.0% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.2% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty MidSmall Financial Services Index | Tata NIFTY Capital Markets Index |
|---|---|---|
| Large Cap | 8.0% | 40.5% |
| Mid Cap | 77.1% | 32.8% |
| Small Cap | 15.0% | 26.9% |
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 MidSmall Financial Services Index | Tata NIFTY Capital Markets Index |
|---|---|---|
| Capital Markets | 22.5% | 100.2% |
| Banks | 35.3% | 0.0% |
| Finance | 16.6% | 0.0% |
| Insurance | 14.5% | 0.0% |
| Financial Technology (Fintech) | 11.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty MidSmall Financial Services Index vs Tata NIFTY Capital Markets Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty MidSmall Financial Services Index Fund | Tata NIFTY Capital Markets Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.64% |
| Base expense ratio (Direct) | 0.55% | 0.36% |
| Total expense ratio (Regular) | 1.29% | 1.24% |
| Base expense ratio (Regular) | 0.90% | 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 MidSmall Financial Services Index Fund vs Tata NIFTY Capital Markets Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty MidSmall Financial Services Index Fund and Tata NIFTY Capital Markets Index Fund?
Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund, Tata NIFTY Capital Markets Index Fund is an Index fund, run by Motilal Oswal Mutual Fund and Tata Mutual Fund. Their portfolios overlap 22.5%. Motilal Oswal Nifty MidSmall Financial Services Index Fund charges 0.89% a year and Tata NIFTY Capital Markets Index Fund 0.64%.
Which has given higher returns, Motilal Oswal Nifty MidSmall Financial Services Index Fund or Tata NIFTY Capital Markets Index Fund?
Over 1 year: Motilal Oswal Nifty MidSmall Financial Services Index Fund +0.78%, Tata NIFTY Capital Markets Index Fund +13.03%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty MidSmall Financial Services Index Fund or Tata NIFTY Capital Markets Index Fund?
Tata NIFTY Capital Markets Index Fund charges less: 0.64% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty MidSmall Financial Services Index Fund and Tata NIFTY Capital Markets Index Fund overlap?
22.5%. They hold 9 of the same securities, the largest shared ones being MCX, 360ONE, CDSL. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Nifty MidSmall Financial Services Index Fund and Tata NIFTY Capital Markets Index Fund?
Yes. 22.5% 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.