Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty Services Sector ETF is an ETF fund and Zerodha Nifty 50 Index Fund is an Index fund. Motilal Oswal Nifty Services Sector ETF charges 0.78% a year and Zerodha Nifty 50 Index Fund 0.28%. Their portfolios overlap 50.4%: they hold 24 of the same securities.
Motilal Oswal Nifty Services Sector ETF
ETF
- Expense ratio
- 0.78%
- NAV
- ₹31.03
Which is better, Motilal Oswal Nifty Services Sector ETF or Zerodha Nifty 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 0.78%.
- Zerodha Nifty 50 Index fell less in its worst fall since 27-11-2025: −15.2% against −16.8%.
- Zerodha Nifty 50 Index is the larger fund: ₹75 Cr against ₹6 Cr.
- Their portfolios overlap 50.4%: 24 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 Services Sector ETF | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Zerodha Mutual Fund |
| Category | ETF | Index |
| AUM | ₹6 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹31.03 | ₹9.24 (Direct) |
| Expense ratio (Direct) | Not available | 0.28% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Services Sector TRI | Nifty 50 TRI |
| Launch date | 24-11-2025 | 14-10-2025 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 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 Services Sector ETF | +6.44% | −0.99% | +2.62% | -- | -- | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | Motilal Oswal Nifty Services Sector ETFMotilal Oswal Nifty Services Sector ETF | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −7.74% | −11.01% |
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Services Sector TRI, the benchmark of Motilal Oswal Nifty Services Sector ETF
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty Services Sector ETF | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.70% | −9.31% |
| Standard deviation | 14.99% | 13.43% |
| Sharpe ratio | -1.00 | -1.08 |
| Sortino ratio | -1.36 | -1.45 |
| Maximum drawdown | −16.8% (31-03-2026) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.29% |
From daily NAVs, 27-11-2025 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 Services Sector ETF
Zerodha Nifty 50 Index Fund (Direct)
Nifty Services Sector TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Services Sector ETF | −16.8% | 27-11-2025 | 31-03-2026 | Not yet | -- | −9.0% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty Services Sector TRI | −16.7% | 27-11-2025 | 30-03-2026 | Not yet | -- | −8.5% |
From daily values since 27-11-2025, the first day every fund has.
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty Services Sector ETF, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 50.4%
- Held by both
- 24
- Only in Motilal Oswal Nifty Services Sector ETF
- 6
- Only in Zerodha Nifty 50 Index
- 26
| Security | % of Motilal Oswal Nifty Services Sector ETF | % of Zerodha Nifty 50 Index |
|---|---|---|
| HDFC Bank Limited | 8.04% | 10.44% |
| ICICI Bank Limited | 7.02% | 9.10% |
| Bharti Airtel Limited | 10.03% | 5.13% |
| Infosys Limited | 10.13% | 3.37% |
| State Bank of India | 2.94% | 3.81% |
| Axis Bank Limited | 2.61% | 3.39% |
| Kotak Mahindra Bank Ltd | 2.27% | 2.95% |
| Eternal Limited | 7.23% | 2.23% |
| Tata Consultancy Services Limited | 6.52% | 2.01% |
| Bajaj Finance Ltd | 1.94% | 2.52% |
| NTPC Limited | 4.78% | 1.47% |
| Adani Ports and Special Economic Zone Limited | 4.39% | 1.35% |
| HCL Technologies Limited | 4.04% | 1.25% |
| Power Grid Corporation of India Limited | 3.68% | 1.13% |
| InterGlobe Aviation Limited | 3.52% | 1.08% |
| Shriram Finance Limited | 1.02% | 1.32% |
| BSE Limited | 0.94% | 1.21% |
| Tech Mahindra Limited | 3.02% | 0.93% |
| Apollo Hospitals Enterprise Limited | 2.61% | 0.81% |
| Bajaj Finserv Limited | 0.74% | 0.97% |
| Max Healthcare Institute Limited | 2.16% | 0.66% |
| SBI Life Insurance Company Limited | 0.57% | 0.73% |
| Jio Financial Services Limited | 0.53% | 0.68% |
| HDFC Life Insurance Company Limited | 0.41% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.4% means 50.4% 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 Services Sector ETF
| Security | % of fund |
|---|---|
| Adani Power Limited | 2.65% |
| Avenue Supermarts Limited | 1.91% |
| Tata Power Company Limited | 1.88% |
| Wipro Limited | 1.34% |
| The Federal Bank Limited | 0.58% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 7.63% |
| Larsen & Toubro Limited | 4.23% |
| Mahindra & Mahindra Limited | 2.53% |
| ITC Limited | 2.43% |
| Sun Pharmaceutical Industries Limited | 1.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty Services Sector ETF | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 99.9% | 100.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.6% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty Services Sector ETF | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 96.8% | 99.2% |
| Mid Cap | 3.2% | 1.4% |
| Small Cap | 0.0% | 0.0% |
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 Services Sector ETF | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 23.9% | 29.7% |
| IT - Software | 25.1% | 7.6% |
| Power | 13.0% | 2.6% |
| Telecom - Services | 10.0% | 5.1% |
| Retailing | 9.1% | 3.1% |
| Petroleum Products | 0.0% | 7.6% |
| Automobiles | 0.0% | 6.7% |
| Finance | 4.2% | 5.5% |
| Healthcare Services | 4.8% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty Services Sector ETF vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty Services Sector ETF | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.28% |
| Base expense ratio (Direct) | 0.00% | 0.10% |
| Base expense ratio (Regular) | 0.45% | 0.00% |
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 Services Sector ETF vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty Services Sector ETF and Zerodha Nifty 50 Index Fund?
Motilal Oswal Nifty Services Sector ETF is an ETF fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Motilal Oswal Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 50.4%. Motilal Oswal Nifty Services Sector ETF charges 0.78% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has the lower expense ratio, Motilal Oswal Nifty Services Sector ETF or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 0.78%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty Services Sector ETF and Zerodha Nifty 50 Index Fund overlap?
50.4%. They hold 24 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty Services Sector ETF or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, Motilal Oswal Nifty Services Sector ETF is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 14.99% and 13.43% a year.
Can I invest in both Motilal Oswal Nifty Services Sector ETF and Zerodha Nifty 50 Index Fund?
Yes. 50.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Motilal Oswal Nifty Services Sector ETF and Zerodha Nifty 50 Index Fund?
Motilal Oswal Nifty Services Sector ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty. Zerodha Nifty 50 Index Fund: Kedarnath Mirajkar.
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.