HDFC Banking & Financial Services Fund vs Motilal Oswal Financial Services Fund
HDFC Banking & Financial Services Fund and Motilal Oswal Financial Services Fund are both Banking & Financial Services Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.46% vs —, 5-year CAGR +11.66% vs —, volatility 17.17% vs —, maximum drawdown −21.72% vs −11.39%. Their portfolios overlap by 42.4% (17 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Motilal Oswal Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹19.4980 | ₹11.0571 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 1 Jul 2021 | 20 Feb 2026 |
| Track record | 5.3 yrs | 0.7 yrs |
| Fund size (AUM) | ₹4,425 Cr | ₹209 Cr |
| Securities held | 37 | 29 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| 1 month | +5.94% | +4.62% |
| 3 months | +0.61% | +2.24% |
| 6 months | +3.99% | +9.30% |
| 1 year | +4.82% | — |
| 3 years (CAGR) | +13.46% | — |
| 5 years (CAGR) | +11.66% | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +13.48% | — |
| SIP return (XIRR, 5 years) ⓘ | +13.25% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| 2026 (year to date) | +1.09% | — |
| 2025 | +18.13% | — |
| 2024 | +11.28% | — |
| 2023 | +23.24% | — |
| 2022 | +16.99% | — |
Risk
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.17% | — |
| Downside volatility ⓘ | 11.34% | — |
| Sharpe ratio ⓘ | 0.41 | — |
| Sortino ratio ⓘ | 0.61 | — |
| Maximum drawdown ⓘ | −21.72% | −11.39% |
| Recovery from that fall | 5 months | 1 months |
| Current fall from peak | −1.86% | 0.00% |
| Rolling 1-year return: worst | −5.78% | — |
| Rolling 1-year return: median | +14.77% | — |
| Rolling 1-year return: best | +40.29% | — |
| Share of 1-year periods with a loss | 4.76% | — |
Against each fund's benchmark
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Beta ⓘ | 0.97 | — |
| Alpha (Jensen's, annualised) ⓘ | +1.06% | — |
| R² ⓘ | 81.59 | — |
| Upside capture | 100.27% | — |
| Downside capture | 94.46% | — |
| Tracking error | 7.20% | — |
| Information ratio | 0.11 | — |
| Treynor ratio | 4.64 | — |
Portfolio
Asset mix
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Equity | 99.41% | 88.91% |
| Cash & equivalents | 0.59% | 11.09% |
Market-cap split (share of fund assets)
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Large Cap | 68.82% | 43.39% |
| Mid Cap | 11.06% | 21.44% |
| Small Cap | 17.38% | 20.03% |
| Unclassified | 2.15% | 4.05% |
Concentration
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Top 10 holdings | 66.15% | 45.22% |
| Effective number of stocks ⓘ | 15.8 | 30.8 |
| Securities held | 37 | 29 |
Portfolio overlap: 42.4%
17 companies are held by both funds; by weight, 42.4% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HDFC Banking & Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| ICICI Bank Limited | 13.85% | 6.31% |
| State Bank of India | 6.07% | 6.56% |
| Bajaj Finance Limited | 3.96% | 4.69% |
| Kotak Mahindra Bank Limited | 8.61% | 3.86% |
| HDFC Bank Limited | 12.89% | 3.39% |
| Shriram Finance Limited | 4.22% | 2.82% |
| Axis Bank Limited | 7.76% | 2.36% |
| AU Small Finance Bank Limited | 2.40% | 2.17% |
| Karur Vysya Bank Limited | 1.91% | 2.48% |
| ICICI Lombard General Insurance Company Limited | 1.89% | 2.28% |
| Billionbrains Garage Ventures Ltd | 1.66% | 1.78% |
| PNB Housing Finance Limited | 1.61% | 2.67% |
| IndusInd Bank Limited | 1.02% | 3.58% |
| Onemi Technology Solutions Limited | 1.01% | 2.47% |
| SBI Funds Management Limited | 1.16% | 0.92% |
Top 10 holdings
HDFC Banking & Financial Services
- ICICI Bank Limited13.85%
- HDFC Bank Limited12.89%
- Kotak Mahindra Bank Limited8.61%
- Axis Bank Limited7.76%
- State Bank of India6.07%
- Shriram Finance Limited4.22%
- Bajaj Finance Limited3.96%
- SBI Life Insurance Company Limited3.72%
- Five Star Business Finance Limited2.67%
- AU Small Finance Bank Limited2.40%
Motilal Oswal Financial Services
- State Bank of India6.56%
- ICICI Bank Limited6.31%
- Multi Commodity Exchange of India Limited5.75%
- Bajaj Finance Limited4.69%
- One 97 Communications Limited3.89%
- Kotak Mahindra Bank Limited3.86%
- Cholamandalam Investment and Finance Company Ltd3.82%
- IndusInd Bank Limited3.58%
- HDFC Bank Limited3.39%
- RBL Bank Limited3.37%
Sector exposure
| HDFC Banking & Financial Services | Motilal Oswal Financial Services | |
|---|---|---|
| Banks | 58.27% | 38.73% |
| Finance | 22.76% | 26.51% |
| Capital Markets | 8.41% | 15.28% |
| Insurance | 9.21% | 2.28% |
| Financial Technology (Fintech) | 0.76% | 6.11% |
Questions people ask
What is the difference between HDFC Banking & Financial Services and Motilal Oswal Financial Services returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +4.82% vs —; 3-year CAGR +13.46% vs —; 5-year CAGR +11.66% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HDFC Banking & Financial Services and Motilal Oswal Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 17.17% vs —; Sharpe ratio 0.41 vs —; Sortino ratio 0.61 vs —; maximum drawdown −21.72% vs −11.39%; beta 0.97 vs —.
How much do HDFC Banking & Financial Services and Motilal Oswal Financial Services overlap?
By weight, 42.4% of the two portfolios is invested in the same companies; 17 stocks are held by both, the largest shared positions being ICICI Bank Limited, State Bank of India, Bajaj Finance Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Banking & Financial Services and Motilal Oswal Financial Services?
HDFC Banking & Financial Services: large cap 68.8%, mid cap 11.1%, small cap 17.4%. Motilal Oswal Financial Services: large cap 43.4%, mid cap 21.4%, small cap 20.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.