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    Motilal Oswal Nifty Microcap 250 Index Fund

    IndexDirect and Regular plans, Growth option

    Data as on 30-10-2026

    Motilal Oswal Nifty Microcap 250 Index Fund is a mutual fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹2,410 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 13.1% a year and its Regular plan returned 12.3% a year. Its benchmark, Nifty Microcap 250 TRI, returned 14.5% a year over the same 3 years.

    NAV (Direct plan)
    ₹17.37
    ▼ 2.49%30-10-2026
    NAV (Regular plan)
    ₹17.01
    ▼ 2.49%30-10-2026
    Expense ratio
    0.72%Direct1.25%Regular
    Riskometer
    Very High
    Set by the fund house
    3 year return
    13.1%Direct12.3%Regular

    Motilal Oswal Nifty Microcap 250 Index Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹17.37 (down 2.49% that day); Regular Plan Growth ₹17.01 (down 2.49% that day).

    Motilal Oswal Nifty Microcap 250 Index Fund Returns vs Nifty Microcap 250 TRI

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

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−9.04%−4.56%+3.52%−0.68%+13.05%----
    This fund (Regular)−9.08%−4.69%+3.24%−1.24%+12.35%----
    Nifty Microcap 250 TRI−8.94%−3.85%+4.45%+0.63%+14.51%+19.60%--
    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 Microcap 250 Index Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegularNifty Microcap 250 TRI
    2026to date+5.19%+4.71%+6.48%
    2025−10.89%−11.44%−9.55%
    2024+33.42%+32.54%+34.75%

    Motilal Oswal Nifty Microcap 250 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 3-year holding period, plotted on the day it ended. There are 75 periods, one for each trading day from 13-07-2026 to 30-10-2026.

    0%5%10%15%20%25%
    Jul 2023
    to
    Jul 2026
    Aug 2023
    to
    Aug 2026
    Aug 2023
    to
    Aug 2026
    Sept 2023
    to
    Sept 2026
    Oct 2023
    to
    Oct 2026
    Oct 2023
    to
    Oct 2026
    Motilal Oswal Nifty Microcap 250 Index Fund (Direct)Nifty Microcap 250 TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year5684.3%−16.6%76.1%32%5.5%0%
    2 years3204.3%−1.9%33.1%8%5.6%0%
    3 years7517.7%12.5%22.6%0%19.0%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 Microcap 250 TRI over the same days. Past returns do not promise future returns.

    Motilal Oswal Nifty Microcap 250 Index Fund Risk

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

    Risk and return

    MeasureMotilal Oswal Nifty Microcap 250 Index Fund (Direct)This fundNifty Microcap 250 TRI
    Return (CAGR)+13.05%+14.51%
    Standard deviation21.33%21.39%
    Sharpe ratio0.330.40
    Sortino ratio0.440.53
    Maximum drawdown−29.4% (31-03-2026)−28.1% (30-03-2026)
    Beta1.001.00
    Alpha−1.45%0.00%

    From daily NAVs, 30-10-2023 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.

    −30%−25%−20%−15%−10%−5%0%
    202420252026
    Motilal Oswal Nifty Microcap 250 Index Fund (Direct)Nifty Microcap 250 TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Motilal Oswal Nifty Microcap 250 Index Fund (Direct)−29.4%11-12-202431-03-202623-09-20266 months−11.4%
    Nifty Microcap 250 TRI−28.1%11-12-202430-03-202618-08-20265 months−10.8%

    From the Direct plan's daily NAV since 11-07-2023, adjusted for unit splits, and Nifty Microcap 250 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 Microcap 250 Index Fund Expense Ratio and Costs

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

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratio
    Direct0.43%0.03%0.01%0.25%0.72%
    Regular0.90%0.03%0.01%0.31%1.25%

    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 lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−1.24%−0.68%0.56%₹98,760₹99,320
    3 years12.35%13.05%0.70% a year₹1,41,814₹1,44,481

    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 Microcap 250 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 11-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planMotilal Oswal Nifty Microcap 250 Index Fund (Direct) ₹4,00,000 ₹4,43,068 ₹43,068 6.1%
    Regular planMotilal Oswal Nifty Microcap 250 Index Fund (Regular) ₹4,00,000 ₹4,38,290 ₹38,290 5.4%
    Nifty Microcap 250 TRI ₹4,00,000 ₹4,53,936 ₹53,936 7.6%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L
    202420252026
    Direct planMotilal Oswal Nifty Microcap 250 Index Fund (Direct)Regular planMotilal Oswal Nifty Microcap 250 Index Fund (Regular)Nifty Microcap 250 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 Microcap 250 Index Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    100.0%Equity

    AssetFund
    Equity100.0%

    Market cap of stocks

    Market capFund
    Large Cap0.0%
    Mid Cap0.0%
    Small Cap98.9%
    Not on AMFI's list1.2%

    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 Microcap 250 Index Fund Sector Allocation

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

    Largest sectors

    1. Industrial Products9.1%

    2. Consumer Durables8.2%

    3. Pharmaceuticals & Biotechnology7.8%

    4. Banks7.6%

    5. Aerospace & Defense5.2%

    6. Auto Components4.9%

    7. Electrical Equipment4.8%

    8. Chemicals & Petrochemicals4.6%

    9. Retailing4.1%

    10. Leisure Services3.9%

    The ten largest of 42 sectors. The other 32 add up to 39.7%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Industrial Products9.5%9.3%9.1%−0.4%
    Consumer Durables9.1%8.9%8.2%−0.9%
    Pharmaceuticals & Biotechnology5.9%6.4%7.8%+1.9%
    Banks7.4%7.3%7.6%+0.2%
    Aerospace & Defense3.7%3.5%5.2%+1.5%

    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 Microcap 250 Index Fund Portfolio Holdings

    As on 30-09-2026 · 254 holdings · from the fund house's monthly portfolio

    HoldingsSectorWeight%Holdings trend1M change
    Astra Microwave Products LimitedAerospace & Defense1.56%+4.0%
    Ujjivan Small Finance Bank LimitedBanks1.43%+4.3%
    Sundram Fasteners LimitedAuto Components1.42%New
    The South Indian Bank LimitedBanks1.41%+4.1%
    The Karnataka Bank LimitedBanks1.40%+4.1%
    Shilpa Medicare LimitedPharmaceuticals & Biotechnology1.37%+4.0%
    Tamilnad Mercantile Bank LimitedBanks1.15%+4.1%
    VA Tech Wabag LimitedOther Utilities1.06%+4.4%
    Grindwell Norton LimitedIndustrial Products1.04%+4.1%
    Edelweiss Financial Services LimitedFinance1.03%+4.0%

    Motilal Oswal Nifty Microcap 250 Index Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Sterlite Technologies LimitedSold out−100%was 2.22%
    Cupid LimitedSold out−100%was 1.98%
    TD Power Systems LtdSold out−100%was 1.85%
    Sansera Engineering LimitedSold out−100%was 1.82%
    MTAR Technologies LimitedSold out−100%was 1.58%
    Astra Microwave Products LimitedAdded+4.0%1.56%
    Ujjivan Small Finance Bank LimitedAdded+4.3%1.43%
    Sundram Fasteners LimitedNewNew1.42%
    The South Indian Bank LimitedAdded+4.1%1.41%
    The Karnataka Bank LimitedAdded+4.1%1.40%

    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 Microcap 250 Index Fund bought and sold

    Motilal Oswal Nifty Microcap 250 Index Fund Portfolio Overlap

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

    FundOverlapHoldings in common
    Bandhan Small Cap FundSmall Cap · Bandhan17.1%56Compare
    Nippon India Small Cap FundSmall Cap · Nippon India14.0%46Compare
    Aditya Birla Sun Life Small Cap FundSmall Cap · Aditya Birla Sun Life12.2%20Compare
    Samco Multi Cap FundMulti Cap · Samco12.1%32Compare
    Franklin India Small Cap FundSmall Cap · Franklin Templeton11.6%23Compare
    Whiteoak Capital Special Opportunities FundThematic · WhiteOak Capital11.3%24Compare
    JM Small Cap FundSmall Cap · JM Financial11.1%22Compare
    UTI Small Cap FundSmall Cap · UTI11.1%22Compare

    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 Microcap 250 Index Fund Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    0.72%
    Expense ratio (Regular)
    1.25%
    Category
    Index
    Risk
    Very High
    Benchmark
    Nifty Microcap 250 TRI
    Launch date
    05-07-2023
    Minimum investment
    ₹500
    AUM
    ₹2,409.71 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    151814
    ISIN (Direct)
    INF247L01BQ9
    Scheme code (Regular)
    151815
    ISIN (Regular)
    INF247L01BR7
    NAV history
    From 11-07-2023, 3.3 years
    Minimum additional investment
    Rs.500/- and in multiples of Re. 1/- thereafter.
    Exit load
    Upto 2.25%

    Tax on Motilal Oswal Nifty Microcap 250 Index Fund returns

    • Motilal Oswal Nifty Microcap 250 Index Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • 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

    PlanOptionNAVAs on
    directGrowth₹17.368330-10-2026
    regularGrowth₹17.011430-10-2026

    About Motilal Oswal Nifty Microcap 250 Index Fund

    Motilal Oswal Nifty Microcap 250 Index Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Index. It was launched on 05-07-2023. Its benchmark is Nifty Microcap 250 TRI. At the end of September 2026 it held 254 securities.

    Fund Manager

    • Swapnil Mayekar

      Fund manager of Motilal Oswal Nifty Microcap 250 Index Fund, since 05-06-2023

    See all funds of Motilal Oswal Mutual Fund

    AUM change

    September 2026
    ₹2,409.71 Cr
    −3.38% from August 2026
    August 2026
    ₹2,494.06 Cr
    +3.51% from July 2026
    July 2026
    ₹2,409.58 Cr
    −1.77% from June 2026

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

    Compare Motilal Oswal Nifty Microcap 250 Index Fund with Other Funds

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

    Frequently Asked Questions for Motilal Oswal Nifty Microcap 250 Index Fund

    What is the current NAV of Motilal Oswal Nifty Microcap 250 Index Fund?

    The Direct plan NAV is ₹17.3683. The Regular plan NAV is ₹17.0114, as on 30-10-2026.

    What are the returns of Motilal Oswal Nifty Microcap 250 Index Fund?

    The Direct plan returned −0.68% in 1 year, +13.05% a year over 3 years. The Regular plan returned −1.24% in 1 year, +12.35% a year over 3 years. These figures are as on 30-10-2026.

    What is the expense ratio of Motilal Oswal Nifty Microcap 250 Index Fund?

    The Direct plan charges 0.72% a year. The Regular plan charges 1.25% 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 Microcap 250 Index Fund?

    Motilal Oswal Nifty Microcap 250 Index Fund managed ₹2,409.71 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of Motilal Oswal Nifty Microcap 250 Index Fund?

    At the end of September 2026 the largest holdings were ASTRAMICRO (1.56%), UJJIVANSFB (1.43%), SUNDRMFAST (1.42%), SOUTHBANK (1.41%), KTKBANK (1.40%). The fund held 254 securities in all.

    What did Motilal Oswal Nifty Microcap 250 Index Fund buy and sell in September 2026?

    It bought 61 new stocks: CMR Green Technologies Limited, Sedemac Mechatronics Limited, Aeroflex Industries Limited, Shilchar Technologies Ltd, Goldiam International Limited. It sold out of 59: Prudent Corporate Advisory Services Limited, Prism Johnson Limited, Azad Engineering Ltd, Corona Remedies Limited, Alivus Life Sciences Limited. It added shares in 190. It reduced 1.

    How do I invest in Motilal Oswal Nifty Microcap 250 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. The first investment is at least ₹500. You can invest once or through a monthly SIP.

    Who is the fund manager of Motilal Oswal Nifty Microcap 250 Index Fund?

    Swapnil Mayekar (since 05-06-2023).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    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.

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