November 22, 2025
RA Jainee
Motilal Oswal Nifty Services Sector ETF-Growth
Motilal Oswal Nifty Services Sector ETF-Growth snapshot
| NFO opens on | 24 November 2025 |
| NFO Closes on | 24 November 2025 |
| Min. Investment | Rs. 500 |
| Plans | Growth |
| Sahifund Verdict | A reasonable thematic add-on for diversified portfolios; avoid using as a core holding. |
⏱️ Last Update: 25 November 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Motilal Oswal Nifty Services Sector ETF-Growth Open Date, Close Date?
NFO opens on November 24, 2025
NFO will close on November 24, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by Nifty Services Sector Index, subject to tracking error.
Basic Details
| Fund House | Motilal Oswal Mutual Fund |
| Issue Open | 24 November 2025 |
| Issue Close | 24 November 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(₹) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Services Sector TRI |
About Benchmark Index for this NFO?
The Nifty Services Sector Index is designed to reflect the behaviour and performance of services sector companies which includes Computers Software, IT Education & Training, Banks, Telecommunication services, Financial Institutions, Power, Media, Courier, Shipping etc. The Index comprises of 30 companies listed on National Stock Exchange of India.
Nifty Services Sector Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Services Sector Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Services Sector Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 30 |
| Launch Date | |
| Base Date | June 01, 1999 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Motilal Oswal Nifty Services Sector ETF-Growth
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.
2) Rakesh Shetty
Education: Mr. Shetty has done B.Com
Experience: Prior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
3) Dishant Mehta
Education: Bachelors of Science (B.SC)
Experience: Mr. Dishant Mehta has more than 11 years of experience and expertise in Financial markets across different segment -Equities, Derivatives, Commodities and Currencies
AMC
Motilal Oswal Asset Management Company Ltd.
Address: Motilal Oswal Towers – 10th Floor, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025
Website: http://www.motilaloswalmf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Motilal Oswal Nifty Services Sector ETF-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Services Sector TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.25 | 5.70 | 5.26 | 16.18 | 14.17 |
| Total Return | 4.42 | 7.01 | 6.61 | 17.55 | 15.81 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.34 | 15.43 | 26.25 |
| Beta (NIFTY 50) | 1.01 | 1.05 | 1.09 |
| Correlation (NIFTY 50) | 0.96 | 0.96 | 0.91 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 21.45 | 3.5 | 1.31 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 20.64 |
| ICICI Bank Ltd. | 13.14 |
| Bharti Airtel Ltd. | 7.66 |
| Infosys Ltd. | 7.31 |
| State Bank of India | 5.32 |
| Axis Bank Ltd. | 4.83 |
| Tata Consultancy Services Ltd. | 4.27 |
| Kotak Mahindra Bank Ltd. | 4.23 |
| Bajaj Finance Ltd. | 3.80 |
| Eternal Ltd. | 3.03 |
Past Performance of Swapnil P Mayekar
| Fund | Motilal Oswal Nasdaq 100 FOF | It’s Benchmark | Motilal Oswal Nifty 50 ETF | It’s Benchmark |
| 1 Year | 35.09 | 9.84 | 12.96 | 11.85 |
| 3 Year | 35.02 | 16.23 | 14.02 | 15.28 |
| 5 Year | 21.04 | 18.80 | 16.44 | 17.58 |
| 7 Year | — | — | 14.86 | 15.48 |
| 10 Year | — | — | 13.60 | 14.53 |
As on 22-11-2025
Past Performance of Rakesh Shetty
| Fund | Motilal Oswal 5 Year G-Sec FoF | It’s Benchmark | Motilal Oswal Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 8.17 | 5.97 | -3.16 | 9.07 |
| 3 Year | 7.78 | 8.25 | 11.43 | 13.36 |
| 5 Year | — | — | 8.86 | 14.15 |
| 7 Year | — | — | 9.39 | 12.74 |
| 10 Year | — | — | — | — |
As on 22-11-2025
Past Performance of Dishant Mehta
| Fund | Motilal Oswal BSE Enhanced Value ETF | It’s Benchmark | Motilal Oswal BSE Healthcare ETF | It’s Benchmark |
| 1 Year | 18.72 | 9.84 | 4.92 | 5.18 |
| 3 Year | 35.21 | 16.23 | 24.32 | 24.67 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 22-11-2025
[B] Review of Fund Managers
Swapnil P Mayekar
-
Background: Mr. Mayekar is an M.Com from Mumbai University and also holds an Advanced Diploma in Business Administration from Welingkar, Mumbai., Prior to joining Motilal Oswal AMC he worked with Business Standard Limited from Aug 2005 to Feb 2010.
Rakesh Shetty
-
Background: Mr. Shetty has done B.Com., Prior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
Dishant Mehta
-
Background: Bachelors of Science (B.SC), Mr. Dishant Mehta has more than 11 years of experience and expertise in Financial markets across different segment -Equities, Derivatives, Commodities and Currencies
Sahifund Verdict:
Motilal Oswal Nifty Services Sector ETF gives exposure to India’s expanding services economy, covering banks, telecom, IT, media, financial institutions and power — sectors that together dominate India’s GDP. The underlying Nifty Services Sector TRI has delivered stable long-term returns (17.55% over 5 years) with moderate volatility and very high correlation to Nifty 50, making it more of a diversified thematic bet than a narrow sector play.
The top weights—HDFC Bank, ICICI Bank, Airtel, Infosys—ensure strong quality and liquidity. Fund managers Swapnil Mayekar, Rakesh Shetty and Dishant Mehta bring solid index-management experience, with proven performance in products like Nasdaq 100 FOF, MoS BSE Enhanced Value, and Nifty 50 ETF mandates.
However, because the index is dominated by BFSI, performance may be cyclical and dependent on interest-rate and credit cycles. This ETF is suitable for investors wanting low-cost thematic exposure to India’s services leadership, but not ideal for conservative or first-time investors.
Sahifund Verdict: A reasonable thematic add-on for diversified portfolios; avoid using as a core holding.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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