September 17, 2022
mayank
Motilal Oswal Nifty Bank Index Fund
NAV Growth : Rs 14.8480
Suitable For Which Investors ?
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 flexi-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.
Investment Strategy :
The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error.
Fund Manager :
1) Swapnil P Mayekar
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.
Investment Details
| Min. Investment (Rs) : | 500 |
| Min. Addl Investment (Rs) : | 500 |
| Min. SIP Investment (Rs) : | 500 |
| Min. Withdrawal (Rs) : | 500 |
| Min. No of Cheques : | 12 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 1% for redemption within 15 days |
Basic Details
| Fund House : | Motilal Oswal Mutual Fund |
| Launch Date : | 06-Sep-19 |
| Return Since Launch : | 13.93% |
| Benchmark : | NIFTY Bank TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 308 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.21% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | 30.00% |
Motilal Oswal Nifty Bank Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Motilal Oswal Nifty Bank Dir | 15.52 | -1.04 | 3.92 | 25.3 | 14.82 | 8.83 | 13.34 | — | — | — |
| S&P BSE Bankex TRI | 16.34 | -0.95 | 3.8 | 24.44 | 14.82 | 9.42 | 14.51 | — | — | — |
| Equity: Sectoral-Banking | 11.33 | -1.26 | 2.72 | 24.38 | 13.62 | 4.69 | 14.44 | — | — | — |
| Rank within category | 3 | 3 | 3 | 5 | 3 | 3 | 10 | — | — | — |
| Number of funds in category | 16 | 19 | 19 | 18 | 18 | 15 | 13 | 11 | 10 | 0 |
Motilal Oswal Nifty Bank Index Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Motilal Oswal Nifty Bank Dir | Unrated | 8.83 | 13.34 | — | 0.21 | 308 | 13.93 | 1.00 (15) | 3yrs 0mo | 30.00 |
| SBI Banking & Fin Srvices Dir | 5 star | 4.67 | 16.19 | 13.15 | 0.78 | 3,721 | 14.79 | 0.50 (30) | 7yrs 6mo | 106.00 |
| Tata Banking & Fin Srvcs Dir | 4 star | 2.45 | 15.19 | 10.42 | 0.63 | 1,109 | 17.85 | 0.25 (30) | 6yrs 8mo | 10.65 |
| Sundaram Fin Srvices Opp Dir | 4 star | 5.78 | 16.81 | 11.50 | 1.15 | 590 | 12.69 | 1.00 (365) | 9yrs 8mo | 54.00 |
| Invesco Ind Fin Srvices Dir | 4 star | 0.89 | 15.32 | 10.52 | 1.11 | 464 | 14.78 | 1.00 (365) | 9yrs 8mo | 20.00 |
Portfolio Analysis
| No. of Stocks : | 13 |
| Top 10 Stocks % : | 97.3 |
| Top 5 Stocks % : | 83.49 |
| Top 3 Sectors % : | 99.41 |
| Portfolio P/B Ratio : | 2.19 |
| Portfolio P/E Ratio : | 18.49 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,69,118 | 2,70,010 |
| Giant (%) | 83.98 | 71.47 |
| Large (%) | 7.92 | 12.27 |
| Mid (%) | 8.09 | 13.79 |
| Small (%) | — | 4.95 |
| Tiny (%) | — | — |
Motilal Oswal Nifty Bank Index Fund by Chanakya :
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online :
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