Motilal Oswal Nifty MidSmall Healthcare Index Fund

Direct and Regular plans, Growth option

Data as on 30-10-2026

Motilal Oswal Nifty MidSmall Healthcare Index Fund is a mutual fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹53 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 16.5% and its Regular plan returned 16.0%. Its benchmark, Nifty MidSmall Healthcare TRI, returned 17.4% over the same year.

NAV (Direct plan): ₹12.53; ▲ 1.34%30-10-2026
NAV (Regular plan): ₹12.42; ▲ 1.34%30-10-2026
Expense ratio: 0.80%Direct1.22%Regular; 0.80%; A year
Riskometer: Not available; Set by the fund house
1 year return: 16.5%Direct16.0%Regular; 16.5%; Total

Motilal Oswal Nifty MidSmall Healthcare Index Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹12.53 (up 1.34% that day); Regular Plan Growth ₹12.42 (up 1.34% that day).

This fund (Direct plan)

₹12.5298

Motilal Oswal Nifty MidSmall Healthcare Index Fund Returns vs Nifty MidSmall Healthcare 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)	+1.79%	+0.06%	+15.24%	+16.51%	--	--	--
This fund (Regular)	+1.75%	−0.04%	+15.00%	+15.99%	--	--	--
Nifty MidSmall Healthcare TRI	+1.84%	+0.24%	+15.70%	+17.37%	+26.58%	--	--
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 Healthcare Index Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty MidSmall Healthcare TRI
2026to date	+17.99%	+17.56%	+18.73%
2025	−1.00%	−1.48%	−0.37%

Motilal Oswal Nifty MidSmall Healthcare 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.

−5%0%5%10%15%20%25%

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 Healthcare Index Fund (Direct)Nifty MidSmall Healthcare TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	229	12.6%	−2.1%	20.9%	8%	13.3%	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 Healthcare TRI over the same days. Past returns do not promise future returns.

Motilal Oswal Nifty MidSmall Healthcare Index Fund Risk

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

Risk and return

Measure	Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct)This fund	Nifty MidSmall Healthcare TRI
Return (CAGR)	+16.51%	+17.37%
Standard deviation	15.34%	15.25%
Sharpe ratio	0.73	0.80
Sortino ratio	1.09	1.18
Maximum drawdown	−10.4% (23-10-2026)	−10.4% (23-10-2026)
Beta	1.00	1.00
Alpha	−0.85%	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 Healthcare Index Fund (Direct)This fund	Nifty MidSmall Healthcare TRI
Return (CAGR)	+11.42%	+12.20%
Standard deviation	16.20%	16.20%
Sharpe ratio	0.36	0.41
Sortino ratio	0.49	0.56
Maximum drawdown	−17.5% (28-02-2025)	−17.5% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.77%	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 Healthcare Index Fund (Direct)Nifty MidSmall Healthcare TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Motilal Oswal Nifty MidSmall Healthcare Index Fund (Direct)	−17.5%	07-01-2025	28-02-2025	15-07-2025	5 months	−2.4%
Nifty MidSmall Healthcare TRI	−17.5%	07-01-2025	28-02-2025	15-07-2025	5 months	−2.4%

From the Direct plan's daily NAV since 25-11-2024, adjusted for unit splits, and Nifty MidSmall Healthcare 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 Healthcare 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	0.54%	0.02%	0.00%	0.24%	0.80%
Regular	0.90%	0.02%	0.00%	0.30%	1.22%

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	15.99%	16.51%	0.52%	₹1,15,990	₹1,16,510

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 Healthcare 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 Healthcare Index Fund (Direct)	₹2,40,000	₹2,82,623	₹42,623	16.7%
Regular planMotilal Oswal Nifty MidSmall Healthcare Index Fund (Regular)	₹2,40,000	₹2,81,261	₹41,261	16.2%
Nifty MidSmall Healthcare TRI	₹2,40,000	₹2,84,818	₹44,818	17.5%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

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

Asset allocation as on 30-09-2026

What the fund holds

100.1%Equity

Asset	Fund
Equity	100.1%
Cash and others	−0.1%

Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.

Market cap of stocks

Market cap	Fund
Large Cap	0.0%
Mid Cap	67.9%
Small Cap	32.2%

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 MidSmall Healthcare Index Fund Sector Allocation

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

Largest sectors

Pharmaceuticals & Biotechnology79.8%
Healthcare Services19.3%
Healthcare Equipment & Supplies1.0%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	77.6%	78.9%	79.8%	+2.2%
Healthcare Services	21.2%	20.4%	19.3%	−1.9%
Healthcare Equipment & Supplies	1.0%	1.0%	1.0%	0.0%

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 Healthcare Index Fund Portfolio Holdings

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

Holdings	Sector	Weight%	1M change
Laurus Labs Limited	Pharmaceuticals & Biotechnology	11.83%	+5.4%
Lupin Limited	Pharmaceuticals & Biotechnology	7.57%	+5.3%
Aurobindo Pharma Limited	Pharmaceuticals & Biotechnology	7.09%	+5.1%
Fortis Healthcare Limited	Healthcare Services	6.15%	+5.3%
Glenmark Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	5.39%	+5.3%
Alkem Laboratories Limited	Pharmaceuticals & Biotechnology	4.78%	+8.5%
Mankind Pharma Limited	Pharmaceuticals & Biotechnology	4.35%	+5.7%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	4.11%	+5.3%
Biocon Limited	Pharmaceuticals & Biotechnology	3.96%	+2.9%
Gland Pharma Limited	Pharmaceuticals & Biotechnology	3.54%	+5.3%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	3.23%	+5.5%
Krishna Institute Of Medical Sciences Limited	Healthcare Services	3.06%	+8.4%
Aster DM Quality Care Limited	Healthcare Services	2.86%	+5.3%
Neuland Laboratories Limited	Pharmaceuticals & Biotechnology	2.82%	+5.3%
Wockhardt Limited	Pharmaceuticals & Biotechnology	2.68%	+5.3%
Acutaas Chemicals Limited	Pharmaceuticals & Biotechnology	2.61%	+5.3%
Ajanta Pharma Limited	Pharmaceuticals & Biotechnology	2.53%	+14.0%
Dr. Lal Path Labs Limited	Healthcare Services	2.38%	+5.4%
Abbott India Limited	Pharmaceuticals & Biotechnology	2.17%	+5.3%
Piramal Pharma Limited	Pharmaceuticals & Biotechnology	1.97%	+5.2%
Granules India Limited	Pharmaceuticals & Biotechnology	1.92%	+7.0%
Narayana Hrudayalaya Limited	Healthcare Services	1.90%	+5.3%
Global Health Limited	Healthcare Services	1.86%	+9.0%
Onesource Specialty Pharma Limited	Pharmaceuticals & Biotechnology	1.84%	+5.4%
GlaxoSmithKline Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	1.76%	+5.3%
Anthem Biosciences Limited	Pharmaceuticals & Biotechnology	1.42%	New
Natco Pharma Limited	Pharmaceuticals & Biotechnology	1.14%	+5.3%
Cohance Lifesciences Limited	Pharmaceuticals & Biotechnology	1.11%	+5.3%
Syngene International Limited	Healthcare Services	1.06%	+5.2%
Poly Medicure Limited	Healthcare Equipment & Supplies	0.98%	+5.2%

Motilal Oswal Nifty MidSmall Healthcare Index Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Laurus Labs Limited	Added	+5.4%	11.83%
Lupin Limited	Added	+5.3%	7.57%
Aurobindo Pharma Limited	Added	+5.1%	7.09%
Fortis Healthcare Limited	Added	+5.3%	6.15%
Glenmark Pharmaceuticals Limited	Added	+5.3%	5.39%
Alkem Laboratories Limited	Added	+8.5%	4.78%
Biocon Limited	Added	+2.9%	3.96%
Mankind Pharma Limited	Added	+5.7%	4.35%
IPCA Laboratories Limited	Added	+5.3%	4.11%
Gland Pharma Limited	Added	+5.3%	3.54%
Sai Life Sciences Limited	Added	+5.5%	3.23%
Krishna Institute Of Medical Sciences Limited	Added	+8.4%	3.06%
Aster DM Quality Care Limited	Added	+5.3%	2.86%
Neuland Laboratories Limited	Added	+5.3%	2.82%
Wockhardt Limited	Added	+5.3%	2.68%
Acutaas Chemicals Limited	Added	+5.3%	2.61%
Ajanta Pharma Limited	Added	+14.0%	2.53%
Dr. Lal Path Labs Limited	Added	+5.4%	2.38%
Abbott India Limited	Added	+5.3%	2.17%
Piramal Pharma Limited	Added	+5.2%	1.97%
Narayana Hrudayalaya Limited	Added	+5.3%	1.90%
Granules India Limited	Added	+7.0%	1.92%
Global Health Limited	Added	+9.0%	1.86%
GlaxoSmithKline Pharmaceuticals Limited	Added	+5.3%	1.76%
Onesource Specialty Pharma Limited	Added	+5.4%	1.84%
Anthem Biosciences Limited	New	New	1.42%
Syngene International Limited	Added	+5.2%	1.06%
Natco Pharma Limited	Added	+5.3%	1.14%
Cohance Lifesciences Limited	Added	+5.3%	1.11%
Pfizer Limited	Sold out	−100%	was 1.07%
Poly Medicure Limited	Added	+5.2%	0.98%

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 Healthcare Index Fund bought and sold

Motilal Oswal Nifty MidSmall Healthcare Index Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Tata NIFTY Midsmall Healthcare Index FundIndex · Tata	100.1%	30	Compare
Mirae Asset Nifty 500 Healthcare ETFETF · Mirae Asset	48.4%	30	Compare
Mirae Asset Healthcare FundThematic · Mirae Asset	47.7%	17	Compare
Nippon India Nifty Pharma ETFETF · Nippon India	43.1%	14	Compare
ICICI Prudential Nifty Pharma Index FundIndex · ICICI Prudential	43.1%	14	Compare
Baroda BNP Paribas Health and Wellness FundThematic · Baroda BNP Paribas	43.0%	15	Compare
ITI Pharma and Healthcare FundThematic · ITI	41.0%	21	Compare
Bandhan BSE Healthcare Index FundIndex · Bandhan	40.8%	30	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 Healthcare Index Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.80%
Expense ratio (Regular): 1.22%
Category: Not available
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹52.54 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 153023
ISIN (Direct): INF247L01EA7
Scheme code (Regular): 153022
ISIN (Regular): INF247L01DT9
NAV history: From 25-11-2024, 1.9 years

Exit load: Not available

Tax on Motilal Oswal Nifty MidSmall Healthcare 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	₹12.5298	30-10-2026
regular	Growth	₹12.4174	30-10-2026

About Motilal Oswal Nifty MidSmall Healthcare Index Fund

Motilal Oswal Nifty MidSmall Healthcare 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: ₹52.54 Cr; +3.43% from August 2026
August 2026: ₹50.80 Cr; +8.50% from July 2026
July 2026: ₹46.82 Cr; +16.99% 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 Healthcare 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 Healthcare Index Fund

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

The Direct plan NAV is ₹12.5298. The Regular plan NAV is ₹12.4174, as on 30-10-2026.

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

The Direct plan returned +16.51% in 1 year. The Regular plan returned +15.99% in 1 year. These figures are as on 30-10-2026.

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

The Direct plan charges 0.80% a year. The Regular plan charges 1.22% 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 Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund managed ₹52.54 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were LAURUSLABS (11.83%), LUPIN (7.57%), AUROPHARMA (7.09%), FORTIS (6.15%), GLENMARK (5.39%). The fund held 30 securities in all.

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

It bought 1 new stock: Anthem Biosciences Limited. It sold out of 1: Pfizer Limited. It added shares in 29.

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

Its benchmark is Nifty MidSmall Healthcare TRI. The Direct plan returned +16.51% in 1 year. The benchmark returned +17.37% 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.