Motilal Oswal Nifty MidSmall Financial Services Index Fund

Direct and Regular plans, Growth option

Data as on 30-10-2026

Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹118 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 0.8% and its Regular plan returned 0.3%. Its benchmark, Nifty MidSmall Financial Services TRI, returned 1.6% over the same year.

NAV (Direct plan): ₹13.03; ▼ 2.20%30-10-2026
NAV (Regular plan): ₹12.92; ▼ 2.20%30-10-2026
Expense ratio: 0.89%Direct1.29%Regular; 0.89%; A year
Riskometer: Not available; Set by the fund house
1 year return: 0.8%Direct0.3%Regular; 0.8%; Total

Motilal Oswal Nifty MidSmall Financial Services Index Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹13.03 (down 2.20% that day); Regular Plan Growth ₹12.92 (down 2.20% that day).

This fund (Direct plan)

₹13.034

Motilal Oswal Nifty MidSmall Financial Services Index Fund Returns vs Nifty MidSmall Financial Services 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)	−5.32%	−9.84%	−6.11%	+0.78%	--	--	--
This fund (Regular)	−5.35%	−9.94%	−6.29%	+0.33%	--	--	--
Nifty MidSmall Financial Services TRI	−5.27%	−9.64%	−5.73%	+1.59%	+22.76%	--	--
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 MidSmall Financial Services Index Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty MidSmall Financial Services TRI
2026to date	−4.06%	−4.40%	−3.39%
2025	+30.50%	+29.87%	+31.54%

Motilal Oswal Nifty MidSmall Financial Services 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 229 periods, one for each trading day from 25-11-2025 to 30-10-2026.

0%10%20%30%40%50%

Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)Nifty MidSmall Financial Services TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	229	26.1%	0.8%	47.2%	0%	27.3%	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 MidSmall Financial Services TRI over the same days. Past returns do not promise future returns.

Motilal Oswal Nifty MidSmall Financial Services Index Fund Risk

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

Risk and return

Measure	Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)This fund	Nifty MidSmall Financial Services TRI
Return (CAGR)	+0.78%	+1.59%
Standard deviation	20.85%	20.95%
Sharpe ratio	-0.21	-0.17
Sortino ratio	-0.30	-0.24
Maximum drawdown	−15.0% (31-03-2026)	−14.9% (30-03-2026)
Beta	1.00	1.00
Alpha	−0.82%	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 MidSmall Financial Services Index Fund (Direct)This fund	Nifty MidSmall Financial Services TRI
Return (CAGR)	+13.57%	+14.50%
Standard deviation	21.10%	21.20%
Sharpe ratio	0.38	0.42
Sortino ratio	0.54	0.60
Maximum drawdown	−19.9% (13-03-2025)	−19.9% (13-03-2025)
Beta	1.00	1.00
Alpha	−0.90%	0.00%

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: 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.

−20%−15%−10%−5%0%

20252026

Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)Nifty MidSmall Financial Services TRI

	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%
Nifty MidSmall Financial Services TRI	−19.9%	11-12-2024	13-03-2025	13-05-2025	2 months	−13.4%

From the Direct plan's daily NAV since 25-11-2024, adjusted for unit splits, and Nifty MidSmall Financial Services 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 MidSmall Financial Services 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	0.55%	0.03%	0.01%	0.30%	0.89%
Regular	0.90%	0.03%	0.01%	0.35%	1.29%

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	0.33%	0.78%	0.45%	₹1,00,330	₹1,00,780

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 MidSmall Financial Services 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 25-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMotilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)	₹2,40,000	₹2,60,063	₹20,063	8.0%
Regular planMotilal Oswal Nifty MidSmall Financial Services Index Fund (Regular)	₹2,40,000	₹2,58,773	₹18,773	7.5%
Nifty MidSmall Financial Services TRI	₹2,40,000	₹2,62,509	₹22,509	8.9%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Direct planMotilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)Regular planMotilal Oswal Nifty MidSmall Financial Services Index Fund (Regular)Nifty MidSmall Financial Services 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 MidSmall Financial Services Index Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.0%Equity

Asset	Fund
Equity	100.0%

Market cap of stocks

Market cap	Fund
Large Cap	8.0%
Mid Cap	77.1%
Small Cap	15.0%

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 MidSmall Financial Services Index Fund Sector Allocation

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

Largest sectors

Banks35.3%
Capital Markets22.5%
Finance16.6%
Insurance14.5%
Financial Technology (Fintech)11.1%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	35.9%	34.2%	35.3%	−0.6%
Capital Markets	30.1%	28.7%	22.5%	−7.6%
Finance	13.2%	12.4%	16.6%	+3.4%
Insurance	10.7%	13.1%	14.5%	+3.8%
Financial Technology (Fintech)	10.1%	11.7%	11.1%	+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 MidSmall Financial Services Index Fund Portfolio Holdings

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

Holdings	Sector	Weight%	1M change
Multi Commodity Exchange of India Limited	Capital Markets	8.52%	+12.0%
The Federal Bank Limited	Banks	7.93%	+12.5%
One 97 Communications Limited	Financial Technology (Fintech)	7.31%	+14.5%
IndusInd Bank Limited	Banks	6.01%	+12.0%
AU Small Finance Bank Limited	Banks	5.94%	+15.0%
IDFC First Bank Limited	Banks	5.47%	+12.1%
Life Insurance Corporation Of India	Insurance	5.07%	+12.0%
ICICI Lombard General Insurance Company Limited	Insurance	3.92%	+12.2%
PB Fintech Limited	Financial Technology (Fintech)	3.82%	+14.9%
REC Limited	Finance	3.78%	New
Yes Bank Limited	Banks	3.72%	+12.0%
Max Financial Services Limited	Insurance	3.69%	+12.0%
Aditya Birla Capital Limited	Finance	3.28%	+15.8%
Indian Bank	Banks	2.88%	+12.3%
360 One WAM Limited	Capital Markets	2.74%	+13.5%
L&T Finance Limited	Finance	2.29%	+12.1%
Central Depository Services (India) Limited	Capital Markets	2.28%	+12.0%
PNB Housing Finance Limited	Finance	2.13%	+12.1%
Nippon Life India Asset Management Limited	Capital Markets	1.95%	New
Angel One Limited	Capital Markets	1.81%	+12.4%
Bandhan Bank Limited	Banks	1.78%	+21.0%
ICICI Prudential Life Insurance Company Limited	Insurance	1.78%	+12.7%
Manappuram Finance Limited	Finance	1.75%	+12.0%
SBI Cards and Payment Services Limited	Finance	1.74%	+12.2%
Computer Age Management Services Limited	Capital Markets	1.63%	+12.2%
LIC Housing Finance Limited	Finance	1.61%	+12.0%
Motilal Oswal Financial Services Limited	Capital Markets	1.60%	New
Bank of India	Banks	1.60%	+11.5%
KFin Technologies Limited	Capital Markets	1.14%	+12.1%
Indian Energy Exchange Limited	Capital Markets	0.86%	+12.0%

Motilal Oswal Nifty MidSmall Financial Services Index Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

BSE Limited	Sold out	−100%	was 11.45%
Multi Commodity Exchange of India Limited	Added	+12.0%	8.52%
The Federal Bank Limited	Added	+12.5%	7.93%
One 97 Communications Limited	Added	+14.5%	7.31%
IndusInd Bank Limited	Added	+12.0%	6.01%
AU Small Finance Bank Limited	Added	+15.0%	5.94%
PB Fintech Limited	Added	+14.9%	3.82%
IDFC First Bank Limited	Added	+12.1%	5.47%
Life Insurance Corporation Of India	Added	+12.0%	5.07%
ICICI Lombard General Insurance Company Limited	Added	+12.2%	3.92%
REC Limited	New	New	3.78%
Yes Bank Limited	Added	+12.0%	3.72%
Max Financial Services Limited	Added	+12.0%	3.69%
Aditya Birla Capital Limited	Added	+15.8%	3.28%
Indian Bank	Added	+12.3%	2.88%
360 One WAM Limited	Added	+13.5%	2.74%
L&T Finance Limited	Added	+12.1%	2.29%
Central Depository Services (India) Limited	Added	+12.0%	2.28%
PNB Housing Finance Limited	Added	+12.1%	2.13%
RBL Bank Limited	Sold out	−100%	was 2.01%
Nippon Life India Asset Management Limited	New	New	1.95%
Angel One Limited	Added	+12.4%	1.81%
Bandhan Bank Limited	Added	+21.0%	1.78%
ICICI Prudential Life Insurance Company Limited	Added	+12.7%	1.78%
Manappuram Finance Limited	Added	+12.0%	1.75%
SBI Cards and Payment Services Limited	Added	+12.2%	1.74%
Computer Age Management Services Limited	Added	+12.2%	1.63%
LIC Housing Finance Limited	Added	+12.0%	1.61%
Bank of India	Added	+11.5%	1.60%
Motilal Oswal Financial Services Limited	New	New	1.60%
KFin Technologies Limited	Added	+12.1%	1.14%
Indian Energy Exchange Limited	Added	+12.0%	0.86%
Housing & Urban Development Corporation Limited	Sold out	−100%	was 0.78%

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 MidSmall Financial Services Index Fund bought and sold

Motilal Oswal Nifty MidSmall Financial Services Index Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Edelweiss BSE Capital Markets & Insurance ETFETF · Edelweiss	34.7%	12	Compare
Kotak Nifty Financial Services Ex-Bank Index FundIndex · Kotak Mahindra	34.3%	17	Compare
ICICI Prudential BSE Midcap Select ETFETF · ICICI Prudential	34.3%	8	Compare
ICICI Prudential Nifty Financial Services Ex-Bank ETFETF · ICICI Prudential	34.3%	17	Compare
Motilal Oswal BSE Financials ex Bank 30 Index FundIndex · Motilal Oswal	33.6%	14	Compare
DSP BSE MidSmall Private Banks ETFETF · DSP	30.9%	6	Compare
LIC MF Banking and Financial Services FundThematic · LIC	30.1%	9	Compare
MahindraManulife Banking & Financial Services FundSectoral · Mahindra Manulife	28.3%	13	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 MidSmall Financial Services Index Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.89%
Expense ratio (Regular): 1.29%
Category: Not available
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹118.09 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 153027
ISIN (Direct): INF247L01DW3
Scheme code (Regular): 153026
ISIN (Regular): INF247L01DX1
NAV history: From 25-11-2024, 1.9 years

Exit load: Not available

Tax on Motilal Oswal Nifty MidSmall Financial Services 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	₹13.034	30-10-2026
regular	Growth	₹12.9165	30-10-2026

About Motilal Oswal Nifty MidSmall Financial Services Index Fund

Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund from Motilal Oswal Mutual Fund. At the end of September 2026 it held 30 securities.

Fund Manager

Not available

See all funds of Motilal Oswal Mutual Fund

AUM change

September 2026: ₹118.09 Cr; −5.54% from August 2026
August 2026: ₹125.02 Cr; +9.79% from July 2026
July 2026: ₹113.87 Cr; +4.91% from June 2026

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

Compare Motilal Oswal Nifty MidSmall Financial Services Index Fund with Other Funds

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

Compare with any other fund

Frequently Asked Questions for Motilal Oswal Nifty MidSmall Financial Services Index Fund

What is the current NAV of Motilal Oswal Nifty MidSmall Financial Services Index Fund?

The Direct plan NAV is ₹13.034. The Regular plan NAV is ₹12.9165, as on 30-10-2026.

What are the returns of Motilal Oswal Nifty MidSmall Financial Services Index Fund?

The Direct plan returned +0.78% in 1 year. The Regular plan returned +0.33% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Motilal Oswal Nifty MidSmall Financial Services Index Fund?

The Direct plan charges 0.89% a year. The Regular plan charges 1.29% 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 MidSmall Financial Services Index Fund?

Motilal Oswal Nifty MidSmall Financial Services Index Fund managed ₹118.09 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Motilal Oswal Nifty MidSmall Financial Services Index Fund?

At the end of September 2026 the largest holdings were MCX (8.52%), FEDERALBNK (7.93%), PAYTM (7.31%), INDUSINDBK (6.01%), AUBANK (5.94%). The fund held 30 securities in all.

What did Motilal Oswal Nifty MidSmall Financial Services Index Fund buy and sell in September 2026?

It bought 3 new stocks: REC Limited, Nippon Life India Asset Management Limited, Motilal Oswal Financial Services Limited. It sold out of 3: Housing & Urban Development Corporation Limited, BSE Limited, RBL Bank Limited. It added shares in 27.

How do I invest in Motilal Oswal Nifty MidSmall Financial Services 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 MidSmall Financial Services Index Fund performed against its benchmark?

Its benchmark is Nifty MidSmall Financial Services TRI. The Direct plan returned +0.78% in 1 year. The benchmark returned +1.59% 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.