Motilal Oswal Nifty India Defence Index Fund

Direct and Regular plans, Growth option

Data as on 30-10-2026

Motilal Oswal Nifty India Defence Index Fund is a mutual fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹5,434 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 8.0% and its Regular plan returned 7.4%. Its benchmark, Nifty India Defence TRI, returned 8.7% over the same year.

NAV (Direct plan): ₹11.40; ▼ 2.01%30-10-2026
NAV (Regular plan): ₹11.22; ▼ 2.01%30-10-2026
Expense ratio: 0.56%Direct1.13%Regular; 0.56%; A year
Riskometer: Not available; Set by the fund house
1 year return: 8.0%Direct7.4%Regular; 8.0%; Total

Motilal Oswal Nifty India Defence Index Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.40 (down 2.01% that day); Regular Plan Growth ₹11.22 (down 2.01% that day).

This fund (Direct plan)

₹11.3957

Motilal Oswal Nifty India Defence Index Fund Returns vs Nifty India Defence TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−6.26%	−5.37%	−3.16%	+8.00%	--	--	--
This fund (Regular)	−6.30%	−5.51%	−3.44%	+7.36%	--	--	--
Nifty India Defence TRI	−6.17%	−5.16%	−2.83%	+8.66%	+40.93%	--	--
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.

Motilal Oswal Nifty India Defence Index Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty India Defence TRI
2026to date	+12.30%	+11.75%	+12.90%
2025	+19.56%	+18.72%	+19.98%

Motilal Oswal Nifty India Defence Index Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 322 periods, one for each trading day from 09-07-2025 to 30-10-2026.

−10%0%10%20%30%40%50%60%

Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

Motilal Oswal Nifty India Defence Index Fund (Direct)Nifty India Defence TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	322	19.0%	−0.1%	59.7%	1%	19.6%	0%
2 years	77	17.3%	6.6%	21.6%	0%	18.0%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Defence TRI over the same days. Past returns do not promise future returns.

Motilal Oswal Nifty India Defence Index Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Motilal Oswal Nifty India Defence Index Fund (Direct)This fund	Nifty India Defence TRI
Return (CAGR)	+8.00%	+8.66%
Standard deviation	24.62%	24.74%
Sharpe ratio	0.11	0.14
Sortino ratio	0.16	0.19
Maximum drawdown	−15.4% (31-03-2026)	−15.4% (30-03-2026)
Beta	1.00	1.00
Alpha	−0.66%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Motilal Oswal Nifty India Defence Index Fund (Direct)This fund	Nifty India Defence TRI
Return (CAGR)	+2.60%	+3.17%
Standard deviation	27.57%	27.44%
Sharpe ratio	-0.12	-0.09
Sortino ratio	-0.16	-0.14
Maximum drawdown	−38.2% (18-02-2025)	−37.9% (18-02-2025)
Beta	1.00	1.00
Alpha	−0.57%	0.00%

From daily NAVs, 09-07-2024 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−40%−30%−20%−10%0%

20252026

Motilal Oswal Nifty India Defence Index Fund (Direct)Nifty India Defence TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Motilal Oswal Nifty India Defence Index Fund (Direct)	−38.2%	11-07-2024	18-02-2025	16-05-2025	3 months	−13.1%
Nifty India Defence TRI	−37.9%	11-07-2024	18-02-2025	16-05-2025	3 months	−12.9%

From the Direct plan's daily NAV since 09-07-2024, adjusted for unit splits, and Nifty India Defence TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Motilal Oswal Nifty India Defence Index Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	0.40%	0.02%	0.00%	0.14%	0.56%
Regular	0.90%	0.02%	0.00%	0.21%	1.13%

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	7.36%	8.00%	0.64%	₹1,07,360	₹1,08,000

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Motilal Oswal Nifty India Defence Index Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 09-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMotilal Oswal Nifty India Defence Index Fund (Direct)	₹2,80,000	₹3,21,452	₹41,452	11.9%
Regular planMotilal Oswal Nifty India Defence Index Fund (Regular)	₹2,80,000	₹3,18,858	₹38,858	11.2%
Nifty India Defence TRI	₹2,80,000	₹3,22,725	₹42,725	12.3%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planMotilal Oswal Nifty India Defence Index Fund (Direct)Regular planMotilal Oswal Nifty India Defence Index Fund (Regular)Nifty India Defence TRIAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI, 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 Defence Index Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

99.3%Equity

Asset	Fund
Equity	99.3%
Cash and others	0.7%

Market cap of stocks

Market cap	Fund
Large Cap	51.6%
Mid Cap	23.0%
Small Cap	24.8%

Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Motilal Oswal Nifty India Defence Index Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Aerospace & Defense59.5%
Auto Components13.3%
Chemicals & Petrochemicals11.9%
Industrial Manufacturing8.5%
Electrical Equipment4.2%
Agricultural, Commercial & Construction Vehicles1.9%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Aerospace & Defense	59.6%	59.4%	59.5%	−0.1%
Auto Components	15.2%	13.9%	13.3%	−1.9%
Chemicals & Petrochemicals	11.6%	12.2%	11.9%	+0.3%
Industrial Manufacturing	8.8%	9.0%	8.5%	−0.3%
Electrical Equipment	3.2%	3.8%	4.2%	+1.0%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Motilal Oswal Nifty India Defence Index Fund Portfolio Holdings

As on 30-09-2026 · 22 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Bharat Electronics Limited	Aerospace & Defense	19.97%	+7.3%
Hindustan Aeronautics Limited	Aerospace & Defense	19.68%	−7.1%
Bharat Forge Limited	Auto Components	13.28%	+2.4%
Solar Industries India Limited	Chemicals & Petrochemicals	11.91%	−1.8%
MTAR Technologies Limited	Electrical Equipment	4.21%	−0.4%
Mazagon Dock Shipbuilders Limited	Industrial Manufacturing	3.98%	−1.8%
Astra Microwave Products Limited	Aerospace & Defense	3.44%	−1.8%
Data Patterns (India) Limited	Aerospace & Defense	3.23%	−1.1%
Cochin Shipyard Limited	Industrial Manufacturing	3.16%	+12.2%
Bharat Dynamics Limited	Aerospace & Defense	2.54%	−1.8%
BEML Limited	Agricultural, Commercial & Construction Vehicles	1.89%	−1.8%
Zen Technologies Limited	Aerospace & Defense	1.84%	−1.8%
Apollo Micro Systems Limited	Aerospace & Defense	1.64%	−0.5%
Garden Reach Shipbuilders & Engineers Limited	Aerospace & Defense	1.59%	−1.8%
Dynamatic Technologies Limited	Industrial Manufacturing	1.33%	−1.8%
Paras Defence and Space Technologies Limited	Aerospace & Defense	1.16%	−1.8%
Aequs Limited	Aerospace & Defense	1.14%	+41.0%
AXISCADES Technologies Limited	Aerospace & Defense	0.99%	−1.7%
Centum Electronics Limited	Aerospace & Defense	0.92%	New
Mishra Dhatu Nigam Limited	Aerospace & Defense	0.53%	−1.8%
Sigma Advanced Systems Limited	Aerospace & Defense	0.48%	New
Unimech Aerospace and Manufacturing Limited	Aerospace & Defense	0.38%	New

Motilal Oswal Nifty India Defence Index Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Hindustan Aeronautics Limited	Reduced	−7.1%	19.68%
Bharat Electronics Limited	Added	+7.3%	19.97%
Bharat Forge Limited	Added	+2.4%	13.28%
Solar Industries India Limited	Reduced	−1.8%	11.91%
Mazagon Dock Shipbuilders Limited	Reduced	−1.8%	3.98%
MTAR Technologies Limited	Reduced	−0.4%	4.21%
Astra Microwave Products Limited	Reduced	−1.8%	3.44%
Data Patterns (India) Limited	Reduced	−1.1%	3.23%
Cochin Shipyard Limited	Added	+12.2%	3.16%
Bharat Dynamics Limited	Reduced	−1.8%	2.54%
Zen Technologies Limited	Reduced	−1.8%	1.84%
BEML Limited	Reduced	−1.8%	1.89%
Garden Reach Shipbuilders & Engineers Limited	Reduced	−1.8%	1.59%
Apollo Micro Systems Limited	Reduced	−0.5%	1.64%
Dynamatic Technologies Limited	Reduced	−1.8%	1.33%
Paras Defence and Space Technologies Limited	Reduced	−1.8%	1.16%
Aequs Limited	Added	+41.0%	1.14%
AXISCADES Technologies Limited	Reduced	−1.7%	0.99%
Centum Electronics Limited	New	New	0.92%
Mishra Dhatu Nigam Limited	Reduced	−1.8%	0.53%
Sigma Advanced Systems Limited	New	New	0.48%
Unimech Aerospace and Manufacturing Limited	New	New	0.38%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Motilal Oswal Nifty India Defence Index Fund bought and sold

Motilal Oswal Nifty India Defence Index Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Motilal Oswal Nifty India Defence ETFETF · Motilal Oswal	99.2%	22	Compare
Groww Nifty India Defence ETFETF · Groww	99.2%	22	Compare
Aditya Birla Sun Life Nifty India Defence Index FundIndex · Aditya Birla Sun Life	98.9%	22	Compare
Axis Nifty India Defence Index FundIndex · Axis	98.9%	22	Compare
Mirae Asset BSE India Defence ETFETF · Mirae Asset	72.6%	20	Compare
HDFC Defence FundThematic · HDFC	69.3%	13	Compare
CPSE ETFETF · Nippon India	21.9%	2	Compare
Invesco India PSU Equity FundThematic · Invesco	20.1%	5	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Motilal Oswal Nifty India Defence Index Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.56%
Expense ratio (Regular): 1.13%
Category: Not available
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹5,434.15 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 152712
ISIN (Direct): INF247L01CW5
Scheme code (Regular): 152711
ISIN (Regular): INF247L01CV7
NAV history: From 09-07-2024, 2.3 years

Exit load: Not available

Tax on Motilal Oswal Nifty India Defence Index Fund returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹11.3957	30-10-2026
regular	Growth	₹11.2171	30-10-2026

About Motilal Oswal Nifty India Defence Index Fund

Motilal Oswal Nifty India Defence Index Fund is a mutual fund from Motilal Oswal Mutual Fund. At the end of September 2026 it held 22 securities.

Fund Manager

Not available

See all funds of Motilal Oswal Mutual Fund

AUM change

September 2026: ₹5,434.15 Cr; −1.71% from August 2026
August 2026: ₹5,528.56 Cr; +6.79% from July 2026
July 2026: ₹5,176.93 Cr; −0.10% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Motilal Oswal Nifty India Defence Index Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Motilal Oswal Nifty India Defence Index vs Motilal Oswal Nifty India Defence ETF99.2% overlap
Motilal Oswal Nifty India Defence Index vs Groww Nifty India Defence ETF99.2% overlap
Motilal Oswal Nifty India Defence Index vs Aditya Birla Sun Life Nifty India Defence Index98.9% overlap
Motilal Oswal Nifty India Defence Index vs Axis Nifty India Defence Index98.9% overlap
Motilal Oswal Nifty India Defence Index vs Mirae Asset BSE India Defence ETF72.6% overlap
Motilal Oswal Nifty India Defence Index vs HDFC Defence69.3% overlap
Motilal Oswal Nifty India Defence Index vs CPSE ETF21.9% overlap
Motilal Oswal Nifty India Defence Index vs Invesco India PSU Equity20.1% overlap

Compare with any other fund

Frequently Asked Questions for Motilal Oswal Nifty India Defence Index Fund

What is the current NAV of Motilal Oswal Nifty India Defence Index Fund?

The Direct plan NAV is ₹11.3957. The Regular plan NAV is ₹11.2171, as on 30-10-2026.

What are the returns of Motilal Oswal Nifty India Defence Index Fund?

The Direct plan returned +8.00% in 1 year. The Regular plan returned +7.36% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Motilal Oswal Nifty India Defence Index Fund?

The Direct plan charges 0.56% a year. The Regular plan charges 1.13% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Motilal Oswal Nifty India Defence Index Fund?

Motilal Oswal Nifty India Defence Index Fund managed ₹5,434.15 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Motilal Oswal Nifty India Defence Index Fund?

At the end of September 2026 the largest holdings were BEL (19.97%), HAL (19.68%), BHARATFORG (13.28%), SOLARINDS (11.91%), MTARTECH-BE (4.21%). The fund held 22 securities in all.

What did Motilal Oswal Nifty India Defence Index Fund buy and sell in September 2026?

It bought 3 new stocks: Unimech Aerospace and Manufacturing Limited, Centum Electronics Limited, Sigma Advanced Systems Limited. It added shares in 4. It reduced 15.

How do I invest in Motilal Oswal Nifty India Defence Index Fund?

Through Motilal Oswal Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

How has Motilal Oswal Nifty India Defence Index Fund performed against its benchmark?

Its benchmark is Nifty India Defence TRI. The Direct plan returned +8.00% in 1 year. The benchmark returned +8.66% in 1 year.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.