Motilal Oswal Nifty Bank Index Fund Direct Growth - NAV : 17.5728

  • NAV (as on 2024-05-22)17.5728(-0.39%)

  • Risk: Very High
  • Category: Wealth Creation
mens
Raamdeo Agrawal

(Chairman, Motilal Oswal AMC)

A message from the fund manager/concerned person can go here.

Why Invest in this fund?

Why Invest
Investment Horizon

Long term

Why Invest
For Whom

Investors looking to invest in the Indian banking stocks

Why Invest
Allocations

Invests upto 100% in stocks comprising Nifty Bank Index in proportion of their index weights

Why Invest
Number of Stocks

~10 companies

Overview

Fund Manager
Fund Name

Motilal Oswal Nifty Bank Index Fund

Fund Manager
Investment Objective

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

 

Fund Manager
Portfolio Turnover Ratio

0.30
Fund Manager
Latest AUM

₹ 566.964 Crs (as on: 30-4-2024)
Fund Manager
Total Expense Ratio

0.32% p.a.
Fund Manager
Date of Allotment

6-9-2019
Fund Manager
Benchmark

Nifty Bank TRI
Fund Manager
Tracking Error

0.06 % (From 23 May 2023 to 22 May 2024)

Performance

Lumpsum
Investment of
for
Yearly

would have become 10000.00

Tracking Difference

As on 30 Apr 2024
1 Yr3 Yrs5 Yrs10 YrsSince Inception
Tracking Difference-0.39%-0.33%-----0.57%

Scheme Inception Date -6-9-2019.
Performance is based on Compounded Annualised returns
Tracking Difference shall be disclosed only if the Scheme has completed 1 year period
Tracking Difference is the difference in the performance between Scheme and its Benchmark

Periodic Returns

Current Value for an investment of Rs10,000

1 Year

CAGR (%)
Current Value of Investment of Rs 10000

3 Year

CAGR (%)
Current Value of Investment of Rs 10000

Since Inception

CAGR (%)
Current Value of Investment of Rs 10000
Motilal Oswal Nifty Bank Index Fund
14.82
11482.1
15.08
15241.2
13.56
18070.9
Nifty Bank TRI
15.2159
11521.6
15.414
15373.6
14.136
18498.4

Date of inception: 6-Sep-2019. Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Regular Plan Growth option. Different plans have different expense structure. Mr. Swapnil Mayekar is the Fund Manager since inception. (Data as on 3oth April 2024)

Portfolio

Industry Classification

Top 10 holding

Scheme Details

Fund Manager
Entry Load

Nil

Fund Manager
Exit Load

1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment.

Fund Manager
Type of Scheme

An open ended scheme replicating / tracking Nifty Bank Index
Fund Manager
Methodology of calculating sale price

Methodology and illustration of sale and repurchase price of units1. Methodology of calculating sale price: The price or NAV, an investor is charged while investing in an open-ended scheme is called sale or subscription price. Pursuant to SEBI Circular da...

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Fund Manager
Index Methodology

Index Methodology: Click here

Historic Changes in Index Constituents: Click here

Product Labeling

  • This product is suitable for investors who are seeking*
  • Return that corresponds to the performance of the Nifty Bank Total Return Index, subject to tracking error
  • Investment in securities constituting Nifty Bank Index.
  • Long term capital growth

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

  • Scheme Riskometer
    Investors understand that their principal will be at Very High risk
  • Benchmark Riskometer
    Nifty Bank TRI
    Investors understand that their principal will be at Very High risk

Fund Manager

Fund Manager

Swapnil Mayekar

For Equity Component

Swapnil has over 12 years of experience in the fund management and product development.Motilal Oswal Asset Management Company Ltd. from March 2010 onwards.Business Standard, Research Associate from August 2005 to February 2010.

Other funds managed by him

  • Motilal Oswal Nifty 50 ETF
  • Motilal Oswal Nifty Midcap 100 ETF
  • Motilal Oswal Nifty Midcap 150 Index Fund
  • Motilal Oswal Nasdaq 100 Fund of Fund
  • Motilal Oswal Nifty 50 Index Fund
  • Motilal Oswal Nifty Next 50 Index Fund