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Unrated

Motilal Oswal Nifty Bank Index Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.63 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.51 Lakh

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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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 1.85 -0.42 -1.46 -8.13 -1.21 34.84 63.07 -- -- -- --
S&P BSE Bankex TRI 1.11 -0.51 -1.31 -7.48 -0.69 36.01 63.68 -- -- -- --
Equity: Sectoral-Banking 2.83 0.02 -1.29 -6.35 0.02 32.90 62.26 -- -- -- --
Rank within category 10 14 11 14 12 5 7 -- -- -- --
Number of funds in category 14 14 14 14 14 13 13 11 11 8 0

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Motilal Oswal Nifty Bank Index Fund - Direct Plan  | Invest Online
Unrated
Sep-19 63.07 -- -- 0.38 104
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 65.07 12.56 19.84 0.93 2,371
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 58.97 11.68 19.21 1.03 660
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 66.72 6.45 17.02 1.29 3,865
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 70.13 2.65 12.72 1.35 2,659

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 17.23 26-May-2020 - 02-Jun-2020 -25.33 16-Mar-2020 - 23-Mar-2020
Month 28.22 22-May-2020 - 23-Jun-2020 -44.17 20-Feb-2020 - 23-Mar-2020
Quarter 47.92 24-Sep-2020 - 24-Dec-2020 -46.69 23-Dec-2019 - 23-Mar-2020
Year 96.63 23-Mar-2020 - 23-Mar-2021 -30.86 23-Sep-2019 - 22-Sep-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 16.96 33.51 0.37 0.44 -- --
Equity: Sectoral-Banking* 15.44 31.82 0.35 0.40 0.93 -0.61
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-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 100.00
Top 5 Stocks (%) 88.69
Top 3 Sectors (%) 101.58
Portfolio P/B Ratio 2.32
Portfolio P/E Ratio 27.62

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,26,545 2,37,647
Giant (%) 87.31 75.14
Large (%) 6.59 8.82
Mid (%) 6.10 13.30
Small (%) -- 6.30
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 25.67 32.03 25.42 28.93
up ICICI Bank Financial 26.57 20.83 18.01 20.83
down Axis Bank Financial 68.55 16.23 12.12 13.43
up Kotak Mahindra Bank Financial 37.60 16.54 12.06 13.30
up State Bank of India Financial 13.08 12.95 9.12 12.19
up Indusind Bank Financial 28.86 7.76 3.44 4.70
new AU Small Finance Bank Financial 29.93 2.27 0.00 2.27
up Bandhan Bank Financial 19.83 2.69 0.00 2.00
up Federal Bank Financial 10.35 1.63 1.29 1.32
up IDFC First Bank Financial 78.62 1.15 0.66 1.02
up RBL Bank Financial 19.75 1.39 0.81 0.81
up Punjab National Bank Financial 35.09 0.85 0.42 0.77
equal Yes Bank Financial -- 1.29 0.00 0.00

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-Mar-2021

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:


-0.42%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 11.5840


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 (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Motilal Oswal Mutual Fund
Launch Date: 06-Sep-2019
Return Since Launch: 9.56%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 104 Cr (As on 31-Mar-2021)
Expense: 0.38% (As on 28-Feb-2021)
Risk Grade: --
Return Grade: --
Turnover: 50.00%

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: http://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

How to optimise returns with measured risk

DateFriday, 23-Apr-2021
Time12:30 PM - 01:00 PM