Motilal Oswal Nifty MNC ETF vs SBI MNC Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty MNC ETF is an ETF fund and SBI MNC Fund is a Thematic fund. Motilal Oswal Nifty MNC ETF charges 0.62% a year and SBI MNC Fund 1.38%. Their portfolios overlap 30.5%: they hold 13 of the same securities.
Which is better, Motilal Oswal Nifty MNC ETF or SBI MNC? 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 MNC ETF costs less: 0.62% a year against 1.38%.
- SBI MNC fell less in its worst fall since 04-12-2025: −12.4% against −18.0%.
- Motilal Oswal Nifty MNC ETF holds more in large companies: 65.8% of the fund in large caps against 39.4%.
- SBI MNC is the larger fund: ₹6,381 Cr against ₹2 Cr.
- Their portfolios overlap 30.5%: 13 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 MNC ETF | SBI MNC Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹2 Cr (30-09-2026) | ₹6,381 Cr (30-09-2026) |
| NAV | ₹28.40 | ₹426.23 (Direct) |
| Expense ratio (Direct) | Not available | 1.38% |
| Expense ratio (Regular) | Not available | 2.01% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 01-12-2025 | 30-09-1994 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty | Tanmaya Desai |
| Exit load | Nil | Exit load of 1%, if redeemed within 30 days. |
Motilal Oswal Nifty MNC ETF vs SBI MNC: 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 MNC ETF | −6.25% | −13.22% | −10.47% | -- | -- | -- | -- |
| SBI MNC Fund (Direct) | −3.81% | −4.09% | +4.19% | +8.18% | +6.75% | +6.99% | +10.86% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Nifty MNC ETF vs SBI MNC: Year-wise Returns
| Year | Motilal Oswal Nifty MNC ETFMotilal Oswal Nifty MNC ETF | SBI MNCSBI MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −6.51% | +9.20% | −5.92% |
| 2025 | -- | −4.98% | +10.75% |
| 2024 | -- | +8.94% | +16.63% |
| 2023 | -- | +24.36% | +24.10% |
| 2022 | -- | −5.02% | +3.83% |
| 2021 | -- | +40.71% | +24.64% |
Motilal Oswal Nifty MNC ETF vs SBI MNC: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Motilal Oswal Nifty MNC ETF vs SBI MNC: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty MNC ETF | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.14% | +14.10% |
| Standard deviation | 16.17% | 12.46% |
| Sharpe ratio | -0.70 | 0.65 |
| Sortino ratio | -0.91 | 0.89 |
| Maximum drawdown | −18.0% (23-10-2026) | −27.5% (23-03-2020) |
| Beta | 1.00 | 0.65 |
| Alpha | −0.68% | +3.15% |
From daily NAVs, 04-12-2025 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 MNC ETF
SBI MNC Fund (Direct)
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty MNC ETF | −18.0% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.1% |
| SBI MNC Fund (Direct) | −12.4% | 31-08-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| Nifty MNC TRI | −17.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.0% |
From daily values since 04-12-2025, the first day every fund has.
Motilal Oswal Nifty MNC ETF vs SBI MNC: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty MNC ETF, September 2026; SBI MNC Fund, September 2026
Holdings in common
- Overlap
- 30.5%
- Held by both
- 13
- Only in Motilal Oswal Nifty MNC ETF
- 17
- Only in SBI MNC
- 32
| Security | % of Motilal Oswal Nifty MNC ETF | % of SBI MNC |
|---|---|---|
| Cummins India Limited | 5.99% | 4.77% |
| Vedanta Aluminium Metal Limited | 6.53% | 3.88% |
| Bosch Limited | 3.73% | 4.13% |
| ABB India Limited | 3.31% | 3.19% |
| Siemens Limited | 3.07% | 2.92% |
| Hyundai Motor India Ltd | 2.69% | 2.67% |
| Vedanta Limited | 4.25% | 2.03% |
| Britannia Industries Limited | 5.29% | 1.89% |
| Maruti Suzuki India Limited | 10.16% | 1.88% |
| Hindustan Unilever Limited | 9.93% | 1.65% |
| Timken India Limited | 1.05% | 1.18% |
| Nestle India Limited | 8.76% | 0.62% |
| Abbott India Limited | 1.31% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.5% means 30.5% 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 MNC ETF
| Security | % of fund |
|---|---|
| Ashok Leyland Limited | 4.11% |
| United Spirits Limited | 3.73% |
| Hitachi Energy India Limited | 3.64% |
| Siemens Energy India Limited | 2.63% |
| Oracle Financial Services Software Limited | 2.39% |
Largest holdings only in SBI MNC Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Ltd. | 5.82% |
| Sona Blw Precision Forgings Ltd. | 3.90% |
| Navin Fluorine International Ltd. | 3.62% |
| Sun Pharmaceutical Industries Ltd. | 3.42% |
| Aether Industries Ltd. | 3.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty MNC ETF | SBI MNC |
|---|---|---|
| Equity | 99.7% | 96.3% |
| Debt | 0.0% | 0.3% |
| Cash and others | 0.3% | 3.4% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty MNC ETF | SBI MNC |
|---|---|---|
| Large Cap | 65.8% | 39.4% |
| Mid Cap | 27.8% | 24.1% |
| Small Cap | 6.0% | 31.9% |
| Not on AMFI's list | 0.0% | 0.8% |
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 MNC ETF | SBI MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 3.5% | 21.3% |
| Auto Components | 5.2% | 17.6% |
| Food Products | 14.1% | 2.5% |
| Automobiles | 12.8% | 4.5% |
| Electrical Equipment | 12.7% | 6.1% |
| Chemicals & Petrochemicals | 1.3% | 11.0% |
| Diversified FMCG | 9.9% | 1.6% |
| Industrial Products | 7.0% | 8.4% |
| Non - Ferrous Metals | 6.5% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty MNC ETF vs SBI MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty MNC ETF | SBI MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.38% |
| Base expense ratio (Direct) | 0.00% | 1.03% |
| Total expense ratio (Regular) | Not available | 2.01% |
| Base expense ratio (Regular) | 0.45% | 1.57% |
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.
More comparisons
Each fund against the others of its category
Motilal Oswal Nifty MNC ETF vs SBI MNC Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty MNC ETF and SBI MNC Fund?
Motilal Oswal Nifty MNC ETF is an ETF fund, SBI MNC Fund is a Thematic fund, run by Motilal Oswal Mutual Fund and SBI Mutual Fund. Their portfolios overlap 30.5%. Motilal Oswal Nifty MNC ETF charges 0.62% a year and SBI MNC Fund 1.38%.
Which has the lower expense ratio, Motilal Oswal Nifty MNC ETF or SBI MNC Fund?
Motilal Oswal Nifty MNC ETF charges less: 0.62% a year against 1.38%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty MNC ETF and SBI MNC Fund overlap?
30.5%. They hold 13 of the same securities, the largest shared ones being CUMMINSIND, VAML-BE, BOSCHLTD. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty MNC ETF or SBI MNC Fund?
On SEBI's riskometer, Motilal Oswal Nifty MNC ETF is rated Very High and SBI MNC Fund Very High. Over their common history, the standard deviation of daily returns was 16.17% and 12.46% a year.
Can I invest in both Motilal Oswal Nifty MNC ETF and SBI MNC Fund?
Yes. 30.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Nifty MNC ETF and SBI MNC Fund?
Motilal Oswal Nifty MNC ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. SBI MNC Fund: Tanmaya Desai.
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.