Motilal Oswal Nifty Bank Index Fund Direct Growth

Motilal Oswal Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 6 September, 2019. The fund is managed by Dishant Mehta, Rakesh Shetty, Swapnil Mayekar. The fund could potentially beat inflation in the long-run.

1. Motilal Oswal Nifty Bank Index Fund Direct Growth has ₹653 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

Motilal Oswal Nifty Bank Index Fund Direct Growth has given a CAGR return of 12.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.92%, 13.01% and 21.00% respectively.

Motilal Oswal Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd, Axis Bank Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Motilal Oswal Nifty Bank Index Fund Direct Growth has no lock in period.