Motilal Oswal Nifty Bank Index Fund Direct Growth - NAV : 15.1161

  • NAV (as on 2023-02-03)15.1161(2.03%)

  • 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?

why1
Investment Horizon

Long term

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For Whom

Investors looking to invest in the Indian banking stocks

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Allocations

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

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Number of Stocks

~10 companies

Overview

Fund Name

Motilal Oswal Nifty Bank Index Fund

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

 

Portfolio Turnover Ratio

0.4
Latest AUM

₹ 332.496 Crs (as on: 31-12-2022)
Total Expense Ratio

0.21% p.a.
Date of Allotment

6-9-2019
Benchmark

Nifty Bank TRI
Tracking Error

0.12 % (From 03 Feb 2022 to 02 Feb 2023)

Performance

Lumpsum
Investment of
for
Yearly

would have become 10000.00

Tracking Difference

As on 31 Jan 2023
1 Yr3 Yrs5 Yrs10 YrsSince Inception
Tracking Difference-0.20%-0.48%-----0.48%

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
21.8266
12182.7
10.037
13323.4
14.459
15658.5
Nifty Bank TRI
22.1374
12213.7
10.5879
13524.6
15.1259
15963.5

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.

Portfolio

Industry Classification

Top 10 holding

Scheme Details

Entry Load

Nil

Exit Load

For subscription from 7th August, 2020: 1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment. For subscription before 7th August, 2020:1%- If redeemed on or before 3 months from the dat...

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Type of Scheme

An open ended scheme replicating / tracking Nifty Bank Index
Methodology

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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Product Labeling

  • This product is suitable for investors who are seeking*
  • Return that corresponds to the performance of Nifty Bank Index subject to tracking error
  • Equity and equity related securities covered by 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

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
  • Motilal Oswal Nifty 500 Index Fund
  • Motilal Oswal Nifty Smallcap 250 Index Fund
  • Motilal Oswal Nifty 200 Momentum 30 Index Fund
  • Motilal Oswal NIFTY 200 Momentum 30 ETF
  • Motilal Oswal S&P BSE Low Volatility Index Fund
  • Motilal Oswal S&P BSE Low Volatility ETF
  • Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund
  • Motilal Oswal S&P BSE Enhanced Value Index Fund
  • Motilal Oswal S&P BSE Quality Index Fund
  • Motilal Oswal S&P BSE Healthcare ETF
  • Motilal Oswal S&P BSE Quality ETF
  • Motilal Oswal S&P BSE Enhanced Value ETF