Motilal Oswal Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 17.62 as on 16-05-2024
About the Fund
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 Swapnil Mayekar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Motilal Oswal Nifty Bank Index Fund Direct Growth has ₹567 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
1658 people have invested ₹ 95.7L in Motilal Oswal Nifty Bank Index Fund Direct Growth in the last three months
Overview
 | 0.32% |
 Benchmark | IISL Nifty Bank TR INR |
 | ₹567 Cr |
 | 6 September, 2019 |
 | ₹500/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 31.52% |
Motilal Oswal Nifty Bank Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
92.5%
Mid cap
7.4%
Sector Allocation
Financial Services
100%
Top Holdings of Motilal Oswal Nifty Bank Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings12
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 29% | -3% | |
 ICICI Bank Ltd | 23.78% | -3% | |
 Axis Bank Ltd | 9.75% | -3% | |
 State Bank of India | 9.56% | -3% | |
 Kotak Mahindra Bank Ltd | 7.9% | -3% |
See all
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 3.9% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -8.4% |
 IndusInd Bank Ltd | -7.7% |
 Bandhan Bank Ltd | 7.2% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 4.78% whereas the fund’s underlying benchmark Nifty Bank returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty Bank by 4.15% in Apr'24
AUM Change
- AUM of the fund stands at 567 Cr as of Apr'24
- AUM increased by 9.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
INDmoney Rank
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IND ranking is not available for this fund.
Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
Peer Analysis
Fund Manager
Swapnil Mayekar
Fund Manager of Motilal Oswal Nifty Bank Index Fund Direct Growth, since 6 September 2019
Top funds managed
Motilal Oswal Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.78% since inception which is less than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 99.86% in Equity, 0% in Debt and 0.14% in Cash related instruments
AUM size ₹567 Cr
This fund has AUM of ₹567 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Motilal Oswal Nifty Bank Index Fund Direct Growth is ₹17.62 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Motilal Oswal Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.11% | -1.11% |
6 Month Returns | 9.25% | 9.25% |
1 Year Returns | 10.24% | 10.24% |
3 Years Returns | 51.02% | 14.73% |
5 Years Returns | 0% | 0% |
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0.32% as on April 2024
₹567 Cr as on April 2024
HDFC Bank Ltd(29%), ICICI Bank Ltd(23.78%), Axis Bank Ltd(9.75%), State Bank of India(9.56%), Kotak Mahindra Bank Ltd(7.9%) as on April 2024
The alpha ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | -0.33 | -0.28 | - |
As on April 2024
The alpha for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated against IISL Nifty Bank TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 1 | 1 | - |
As on April 2024
The Beta for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 0.59 | 0.62 | - |
As on April 2024
The sharpe ratio for Motilal Oswal Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Motilal Oswal Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Motilal Oswal Nifty Bank Index Fund Direct Growth | 13.24 | 16.15 | - |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.06 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Swapnil Mayekar is the fund manager of Motilal Oswal Nifty Bank Index Fund Direct Growth
The Exit load of Motilal Oswal Nifty Bank Index Fund Direct Growth is 1%