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Motilal Oswal Nifty MidSmall Healthcare Index Fund

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

As of 01 Oct 2026, the NAV of Motilal Oswal Nifty MidSmall Healthcare Index Fund is ₹12.20 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 MidSmall Healthcare Index Fund delivered?

Motilal Oswal Nifty MidSmall Healthcare Index Fund has returned +15.85% over 1 year and +10.33% 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 MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund charges an expense ratio of 1.22% 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 MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund's largest holdings are Laurus Labs Limited (11.2%), Lupin Limited (8.0%), Aurobindo Pharma Limited (7.2%), Fortis Healthcare Limited (7.1%) and Glenmark Pharmaceuticals Limited (5.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Motilal Oswal Nifty MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -17.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Motilal Oswal Nifty MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund is managed by Swapnil Mayekar and Rakesh Shetty at Motilal Oswal.

Q: How is Motilal Oswal Nifty MidSmall Healthcare Index Fund taxed?

Motilal Oswal Nifty MidSmall Healthcare 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

₹12.20

-0.04% 1D

as of 01 Oct 2026

This is the Regular plan of Motilal Oswal Nifty MidSmall Healthcare 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

+17.10%CAGR

52-week rangePrev NAV ₹12.20

Latest ₹12.20

Low ₹9.8482nd percentile of its 52-week rangeHigh ₹12.73

Scorecard

★★★★★5/5 vs 322 of 373 Index Funds peers1Y

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). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 322 of the 373 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Index Funds peers to rank yet

RiskHigh

Volatility 16.1% vs 12.3% category avg

CostHigh

1.2% expense vs 1.0% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Ahead of the Index Funds average on 1M/3M/6M/1Y — 1Y by 16.40pp
Ranks #8 of 322 on 1-year return in its Index Funds cohort

Concerns

More volatile than its Index Funds peers (16.1% vs 12.3%)
High expense ratio (1.22%) vs the Index Funds average of 0.96%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.22%

Category 0.96%▲0.26%

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

41.82

Category —

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

—

Category 0.33

Scheme Info

Definitions

Plan

Regular · Growth

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

None

1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment

Up to 1.00%

tiered — see the full terms

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

₹100

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.

25 Nov 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-2.38%

Absolute return over the last 3 months (not annualized)

+2.11%

Absolute return over the last 6 months (not annualized)

+20.81%

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

+15.49%

Annualized returns (≥1Y — CAGR)

Definitions

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

+15.85%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+10.33%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.07%

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

—

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

—

Largest peak-to-trough decline over full history

-17.54%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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	-2.38%	-4.56%	+2.18%
3M abs	+2.11%	-3.00%	+5.11%
6M abs	+20.81%	+5.20%	+15.61%
1Y CAGR	+15.85%	-0.55%	+16.40%
3Y CAGR	—	+8.54%	—
5Y CAGR	—	+8.02%	—

Category average across peers in Index Funds (365 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

+15.85%

Beats 97.8% · rank #8

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.32L

Absolute

+10.07%

XIRR

+22.73%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Motilal Oswal Nifty MidSmall Healthcare 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	+15.49%	-7.18%	+22.67%
2025	-1.48%	+7.94%	-9.42%
2024part	+5.38%	—	—

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

459

Expense ratio

1.22%

AUM

₹33.41Cr

Portfolio turnover

39%

Exit load

1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment

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

P/E ratio

41.8

P/B ratio

6.8

Avg market cap

₹60,370Cr

P/E & P/B are portfolio-weighted harmonic means across 26 of 30 equity holdings (93% 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 MidSmall Healthcare Index FundThis fund Motilal Oswal · Regular · Growth	★★★★★ 1Y	+15.85%	—	—	—	1.22%	₹33.41Cr
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	★★★★★	+20.43%	+18.76%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.67%	+18.19%	—	—	1.19%	₹729.68Cr
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Edelweiss · Regular · Growth	★★★★★	+17.16%	+17.87%	+12.94%	—	1.10%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap0.0%
Mid cap75.3%
Small cap24.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.31%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Tata Nifty MidSmall Healthcare Index Fund Tata · Index Funds	99.8%	★★★★★	0.58%	—
Mirae Asset Healthcare Fund Mirae Asset · Sectoral/ Thematic	47.4%	★★★★★	0.62%	+21.71%
Baroda BNP Paribas Health and Wellness Fund Baroda BNP Paribas · Sectoral/ Thematic	42.4%	★★★★☆	1.47%	—
Nippon India Nifty Pharma ETF Nippon India · Other ETFs	42.4%	—	0.23%	+19.93%
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Index Funds	42.3%	★★★★★	0.51%	+19.50%
Bandhan BSE Healthcare Index Fund Bandhan · Index Funds	40.4%	★★★★★	0.34%	—
Nippon India Pharma Fund Nippon India · Sectoral/ Thematic	39.2%	★★★★☆	1.00%	+17.58%
ITI Pharma and Healthcare Fund ITI · Sectoral/ Thematic	38.6%	★★★★★	0.89%	+18.84%

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.

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.

-17.5%07 Jan 2025 → 28 Feb 2025
Fell over 2 months, back to the old high on 15 Jul 2025 — 5 months under water after the low.
-11.2%29 Jul 2025 → 23 Mar 2026
Fell over 8 months, back to the old high on 06 May 2026 — 44 days 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

₹33.41Cr

April - June 2026

+21%

since January - March 2026

+₹1.97Cr

est. net flow, last quarter

At or near its largest, ₹33.41Cr 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 19 Nov 2024

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 →

RSRakesh ShettyManaging since 19 Nov 2024

Education

Bachelors of Commerce (B.Com)

Experience

• Mr. Rakesh Shetty has more than 15 years of overall experience and expertise in trading in equity, debt segment, Exchange Trade Fund’s management, Corporate Treasury and Banking. • Prior to joining Motilal Oswal Asset Management Company Limited, 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.

Funds managed (81)

All schemes Rakesh Shetty 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.

Explore from here

Fund managers

Swapnil Mayekar Rakesh Shetty

Top holdings

Laurus Labs Limited Lupin Limited Aurobindo Pharma Limited Fortis Healthcare Limited Glenmark Pharmaceuticals Limited Alkem Laboratories Limited Biocon Limited IPCA Laboratories Limited Mankind Pharma Limited Gland Pharma Limited Aster DM Quality Care Limited Sai Life Sciences 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 MidSmall Healthcare Index Fund?

As of 01 Oct 2026, the NAV of Motilal Oswal Nifty MidSmall Healthcare Index Fund is ₹12.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Motilal Oswal Nifty MidSmall Healthcare Index Fund delivered?

Motilal Oswal Nifty MidSmall Healthcare Index Fund has returned +15.85% over 1 year and +10.33% 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 MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund charges an expense ratio of 1.22% 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 MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund's largest holdings are Laurus Labs Limited (11.2%), Lupin Limited (8.0%), Aurobindo Pharma Limited (7.2%), Fortis Healthcare Limited (7.1%) and Glenmark Pharmaceuticals Limited (5.6%). Holdings are disclosed monthly and change over time.

How risky is Motilal Oswal Nifty MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -17.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Motilal Oswal Nifty MidSmall Healthcare Index Fund?

Motilal Oswal Nifty MidSmall Healthcare Index Fund is managed by Swapnil Mayekar and Rakesh Shetty at Motilal Oswal.

How is Motilal Oswal Nifty MidSmall Healthcare Index Fund taxed?

Motilal Oswal Nifty MidSmall Healthcare 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.