September 17, 2022
mayank
Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund
NAV Growth : Rs 10.2618
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.
Fund’s Investment Strategy :
The scheme seeks to provide returns that, correspond to the total returns of the securities as represented by S&P BSE Financials ex Bank 30 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.
2) Abhiroop Mukherjee
Education : Mr. Abhiroop Mukherjee holds B.Com from Calcutta University & PGPBF (Finance) from National Institute of Bank Management.
Experience : Prior to joining Motilal Oswal AMC, he has worked with PNB Gilts Ltd. Mumbai.
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 : | 29-Jul-22 |
| Return Since Launch : | 2.62% |
| Benchmark : | S&P BSE Financials ex Bank 30 TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 4 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.29% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Motilal Oswal S&P BSE Fins ex Bank 30 Index Dir | — | -2.15 | -0.99 | — | — | — | — | — | — | — |
| S&P BSE Bankex TRI | — | -0.95 | 3.8 | — | — | — | — | — | — | — |
| Equity: Sectoral-Banking | — | -1.26 | 2.72 | — | — | — | — | — | — | — |
| Rank within category | — | 19 | 19 | — | — | — | — | — | — | — |
| Number of funds in category | 16 | 19 | 19 | 18 | 18 | 15 | 13 | 11 | 10 | 0 |
Motilal Oswal S&P BSE Financials ex Bank 30 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 S&P BSE Fins ex Bank 30 Index Dir | Unrated | — | — | — | 0.29 | 4 | 2.62 | 1.00 (15) | 0yrs 1mo | — |
| 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 : | 31 |
| Top 10 Stocks % : | 76.92 |
| Top 5 Stocks % : | 58.97 |
| Top 3 Sectors % : | 100.76 |
| Portfolio P/B Ratio : | 3.11 |
| Portfolio P/E Ratio : | 23.10 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,28,117 | 2,70,010 |
| Giant (%) | 44.17 | 71.47 |
| Large (%) | 31.65 | 12.27 |
| Mid (%) | 24.18 | 13.79 |
| Small (%) | — | 4.95 |
| Tiny (%) | — | — |
Motilal Oswal S&P BSE Financials ex Bank 30 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.
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