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Motilal Oswal Nifty Bank Index Fund - Regular Plan


Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -5.58 -1.56 -0.75 -2.58 -2.61 -- -- -- -- -- --
S&P BSE Bankex TRI -4.67 -1.58 -0.75 -1.99 -0.69 -- -- -- -- -- --
Equity: Sectoral-Banking -4.95 -1.80 -0.69 -3.45 -2.11 -- -- -- -- -- --
Rank within category 16 4 14 13 16 -- -- -- -- -- --
Number of funds in category 20 20 20 20 20 18 16 15 11 10 8

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.89 (19-Sep-2019 - 26-Sep-2019) -7.06 (27-Sep-2019 - 04-Oct-2019)
Month 10.88 (11-Oct-2019 - 11-Nov-2019) -6.58 (03-Jan-2020 - 03-Feb-2020)
Quarter 20.06 (19-Sep-2019 - 19-Dec-2019) -2.63 (19-Nov-2019 - 18-Feb-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 17.41 18.00 0.65 0.92 -- --
Equity: Sectoral-Banking* 13.32 19.46 0.48 0.66 0.98 -3.85
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 97.90
Top 5 Stocks (%) 86.38
Top 3 Sectors (%) 99.19
Portfolio P/B Ratio 2.22
Portfolio P/E Ratio 33.64

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,90,591 2,10,056
Giant (%) 87.08 74.03
Large (%) 8.38 10.72
Mid (%) 4.53 12.56
Small (%) -- 4.61
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 25.23 30.87 28.24 28.99
up ICICI Bank Financial 36.13 20.14 18.49 20.14
up Kotak Mahindra Bank Financial 36.78 14.51 12.53 13.40
up Axis Bank Financial 42.77 14.35 12.12 12.95
up State Bank of India Financial 24.53 10.92 9.12 10.91
up Indusind Bank Financial 18.03 7.76 6.78 6.78
up Federal Bank Financial 10.31 1.63 1.41 1.63
up RBL Bank Financial 25.02 1.39 1.13 1.35
up Bank of Baroda Financial -- 1.07 0.97 0.99
up Yes Bank Financial -- 1.29 0.76 0.78
up IDFC First Bank Financial -- 0.79 0.66 0.75
up Punjab National Bank Financial -- 0.61 0.53 0.55

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Swapnil P Mayekar since 19-Aug-2019

Education: Mr. Mayekar is an M.Com from Mumbai University and also holds an Advanced Diploma in Business Administration from Welingkar, Mumbai.

Experience: Prior to joining Motilal Oswal AMC he worked with Business Standard Limited from Aug 2005 to Feb 2010.

Funds Managed:


-1.56%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 11.0736


Investment Strategy

The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 1% for redemption within 90 days

Basic Details

Fund House: Motilal Oswal Mutual Fund
Launch Date: 06-Sep-2019
Return Since Launch: 10.74%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 36 Cr (As on 31-Jan-2020)
Expense: 1.03% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --
Turnover: 30.00%

Contact Information

AMC: Motilal Oswal Asset Management Company Ltd.

Address: Motilal Oswal Towers - 10th Floor, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025

Phone: 022-39804238 / 1800-200-6626

Email: [email protected]

Website: www.motilaloswalmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM