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Motilal Oswal Nifty 500 Index Fund

Q: What is the NAV of Motilal Oswal Nifty 500 Index Fund?

As of 05 Oct 2026, the NAV of Motilal Oswal Nifty 500 Index Fund is ₹24.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Motilal Oswal Nifty 500 Index Fund delivered?

Motilal Oswal Nifty 500 Index Fund has returned -4.51% over 1 year, +8.50% per year over 3 years, +7.55% per year over 5 years and +13.36% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund charges an expense ratio of 0.97% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund's largest holdings are HDFC Bank Limited (5.4%), ICICI Bank Limited (5.2%), Reliance Industries Limited (4.3%), Bharti Airtel Limited (2.8%) and Larsen & Toubro Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -37.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Motilal Oswal Nifty 500 Index Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

Q: Who manages Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund is managed by Swapnil Mayekar at Motilal Oswal.

Q: How is Motilal Oswal Nifty 500 Index Fund taxed?

Motilal Oswal Nifty 500 Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Motilal Oswal Mutual Fund · Best Index Funds

NAV

₹24.49

+0.51% 1D

as of 05 Oct 2026

This is the Regular plan of Motilal Oswal Nifty 500 Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-5.11%absolute

52-week rangePrev NAV ₹24.36

Latest ₹24.49

Low ₹22.8441st percentile of its 52-week rangeHigh ₹26.82

Scorecard

★★★★☆4/5 vs 175 of 373 Index Funds peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). 175 of the 373 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +8.50% · ranks 56 of 175 Index Funds

RiskHigh

Volatility 14.4% vs 12.2% category avg

CostAverage

1.0% expense vs 1.0% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Index Funds average on 1M/3M/6M/1Y — 1Y by 4.03pp
Weaker risk-adjusted returns — Sharpe 0.14 below the Index Funds average of 0.36
More volatile than its Index Funds peers (14.4% vs 12.2%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.97%

Category 0.96%▲0.01%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.13

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.14

Category 0.36▼0.22

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹6,000

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

11 Sep 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.57%

Absolute return over the last 3 months (not annualized)

-5.64%

Absolute return over the last 6 months (not annualized)

+5.13%

Absolute return since 1 Jan of this year (not annualized)

-7.84%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.51%

3-year annualized return (CAGR)

+8.50%

5-year annualized return (CAGR)

+7.55%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.36%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.35%

Excess return per unit of total volatility (rf = 6.5%)

0.14

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.19

Largest peak-to-trough decline over full history

-37.38%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-1.15%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.00

How much of the fund's movement Nifty 500 TRI explains

100.0%

Excess return per unit of beta (market risk)

1.97

Active return over the benchmark per unit of tracking error

-4.71

Annualized std dev of fund-minus-benchmark returns

0.27%

Fund's share of benchmark gains in up months (100 = matches index)

96.9%

Fund's share of benchmark losses in down months (lower is better)

102.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-5.57%	-3.94%	-1.63%
3M abs	-5.64%	-3.22%	-2.42%
6M abs	+5.13%	+5.67%	-0.54%
1Y CAGR	-4.51%	-0.48%	-4.03%
3Y CAGR	+8.50%	+8.82%	-0.32%
5Y CAGR	+7.55%	+7.82%	-0.27%

Category average across peers in Index Funds (368 of 373 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 373 peers in Index Funds

1Y return

-4.51%

Beats 29.6% · rank #227

3Y return

+8.50%

Beats 68.4% · rank #56

5Y return

+7.55%

Beats 61.2% · rank #20

Sharpe

0.14

Beats 34.3% · rank #114

Sortino

0.19

Beats 34.3% · rank #114

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.06L

Absolute

+17.70%

XIRR

+6.66%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Motilal Oswal Nifty 500 Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-7.84%	-7.18%	-0.66%
2025	+6.90%	+7.94%	-1.04%
2024	+14.85%	+16.43%	-1.58%
2023	+25.69%	+27.43%	-1.74%
2022	+3.11%	+4.34%	-1.23%
2021	+29.78%	+31.59%	-1.81%
2020	+16.48%	+18.33%	-1.85%
2019part	+9.44%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,742

Expense ratio

0.97%

AUM

₹2,945Cr

Portfolio turnover

15%

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.1

P/B ratio

4.2

Avg market cap

₹3,88,548Cr

P/E & P/B are portfolio-weighted harmonic means across 431 of 500 equity holdings (94% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


Motilal Oswal Nifty 500 Index FundThis fund Motilal Oswal · Regular · Growth	★★★★☆	-4.51%	+8.50%	+7.55%	—	0.97%	₹2,945Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Regular · Growth	★★★★★	+32.29%	+33.12%	+20.04%	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Regular · Growth	★★★★★	+23.73%	+27.06%	+18.06%	—	1.04%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Regular · Growth	★★★★★	+19.30%	+19.56%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.47%	+19.48%	—	—	1.19%	₹729.68Cr
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal · Regular · Growth	★★★★☆	-1.49%	+18.02%	—	—	1.16%	₹2,077Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap67.2%
Mid cap22.7%
Small cap10.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.05%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Nifty 500 Index Fund Axis · Index Funds	100.0%	★★☆☆☆	0.17%	—
SBI Nifty 500 Index Fund SBI · Index Funds	99.9%	★★☆☆☆	0.33%	—
DSP Nifty 500 Index Fund DSP · Index Funds	99.8%	—	0.31%	—
ICICI Prudential Nifty 500 Index Fund ICICI Prudential · Index Funds	99.3%	★★☆☆☆	0.46%	—
HDFC BSE 500 Index Fund HDFC · Index Funds	97.7%	★★★☆☆	0.35%	+8.64%
Bandhan Nifty Total Market Index Fund Bandhan · Index Funds	95.4%	★★☆☆☆	0.71%	—
Angel One Nifty Total Market Index Fund Angel One · Index Funds	95.3%	★★☆☆☆	0.34%	—
Groww Nifty Total Market Index Fund Groww · Index Funds	95.3%	★★★★☆	0.66%	+10.32%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

4 holdings — 0.64% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.32%
Welspun Corp LimitedLong-term · Stage I0.16%
HFCL LimitedLong-term · Stage IV0.13%
Whirlpool of India LimitedShort-term · Stage I0.03%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-37.4%17 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 09 Nov 2020 — 8 months under water after the low.
-18.9%26 Sep 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.
-18.3%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 30 Nov 2022 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹2,945Cr

April - June 2026

+4%

since January - March 2026

+₹212.02Cr

est. net flow, last quarter

At or near its largest, ₹2,945Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Motilal Oswal Mutual Fund is the asset management arm of the broker Motilal Oswal Financial Services and launched its first scheme in 2010. It is known for a concentrated 'buy right, sit tight' equity philosophy and for a large passive and international range.

Launched

28 Dec 2009

Total AUM

₹1,58,858Cr+11.5% QoQ

Avg AUM · July - September 2026

Website

motilaloswalmf.com

Fund Managers

SMSwapnil MayekarManaging since 06 Sep 2019

Education

Master of Commerce (Finance Management)

Experience

Mr. Swapnil Mayekar has rich experience in the field of Research. He had earlier worked with organizatio n like Business Standard Limited where he was primarily responsible for research on Banking Sector, Mutual Fund, Debt market, Internation al and Indian Stock Market using valuation models. He is associated with MOAMC since March 2010 where his primarily role is to develop model structure, to perform portfolio assessment s on a periodic basis for investment strategies & models and analysis of Exchange Traded Funds, Mutual fund scheme and stocks.

Funds managed (58)

All schemes Swapnil Mayekar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Swapnil Mayekar

Top holdings

HDFC Bank Limited ICICI Bank Limited Reliance Industries Limited Bharti Airtel Limited Larsen & Toubro Limited State Bank of India Infosys Limited Axis Bank Limited Kotak Mahindra Bank Ltd Mahindra & Mahindra Limited Bajaj Finance Ltd ITC Limited

Motilal Oswal in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of Motilal Oswal Nifty 500 Index Fund?

As of 05 Oct 2026, the NAV of Motilal Oswal Nifty 500 Index Fund is ₹24.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Motilal Oswal Nifty 500 Index Fund delivered?

Motilal Oswal Nifty 500 Index Fund has returned -4.51% over 1 year, +8.50% per year over 3 years, +7.55% per year over 5 years and +13.36% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund charges an expense ratio of 0.97% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund's largest holdings are HDFC Bank Limited (5.4%), ICICI Bank Limited (5.2%), Reliance Industries Limited (4.3%), Bharti Airtel Limited (2.8%) and Larsen & Toubro Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -37.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Motilal Oswal Nifty 500 Index Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

Who manages Motilal Oswal Nifty 500 Index Fund?

Motilal Oswal Nifty 500 Index Fund is managed by Swapnil Mayekar at Motilal Oswal.

How is Motilal Oswal Nifty 500 Index Fund taxed?

Motilal Oswal Nifty 500 Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.