Motilal Oswal Financial Services Fund vs Nippon India Banking & Financial Services Fund
Motilal Oswal Financial Services Fund and Nippon India Banking & Financial Services Fund are both Banking & Financial Services Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +12.59%, 5-year CAGR — vs +12.48%, volatility — vs 16.51%, maximum drawdown −11.39% vs −50.56%. Their portfolios overlap by 35.4% (12 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
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Nippon India Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹11.0571 | ₹715.5527 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 20 Feb 2026 | 2 Jan 2013 |
| Track record | 0.7 yrs | 13.8 yrs |
| Fund size (AUM) | ₹209 Cr | ₹7,367 Cr |
| Securities held | 29 | 33 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 1 month | +4.62% | +5.53% |
| 3 months | +2.24% | +0.59% |
| 6 months | +9.30% | +1.99% |
| 1 year | — | +1.25% |
| 3 years (CAGR) | — | +12.59% |
| 5 years (CAGR) | — | +12.48% |
| 7 years (CAGR) | — | +13.70% |
| 10 years (CAGR) | — | +13.60% |
| Since launch (CAGR) | — | +13.57% |
| SIP return (XIRR, 5 years) ⓘ | — | +12.63% |
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
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 2026 (year to date) | — | −1.22% |
| 2025 | — | +18.39% |
| 2024 | — | +11.25% |
| 2023 | — | +25.11% |
| 2022 | — | +21.75% |
| 2021 | — | +30.66% |
Risk
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 16.51% |
| Downside volatility ⓘ | — | 11.36% |
| Sharpe ratio ⓘ | — | 0.37 |
| Sortino ratio ⓘ | — | 0.54 |
| Maximum drawdown ⓘ | −11.39% | −50.56% |
| Recovery from that fall | 1 months | 9 months |
| Current fall from peak | 0.00% | −3.84% |
| Rolling 1-year return: worst | — | −50.51% |
| Rolling 1-year return: median | — | +14.54% |
| Rolling 1-year return: best | — | +116.94% |
| Share of 1-year periods with a loss | — | 19.24% |
Against each fund's benchmark
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Beta ⓘ | — | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | — | +0.17% |
| R² ⓘ | — | 80.81 |
| Upside capture | — | 95.98% |
| Downside capture | — | 94.45% |
| Tracking error | — | 7.10% |
| Information ratio | — | -0.04 |
| Treynor ratio | — | 3.71 |
Portfolio
Asset mix
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Equity | 88.91% | 99.19% |
| Cash & equivalents | 11.09% | 0.81% |
Market-cap split (share of fund assets)
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Large Cap | 43.39% | 58.50% |
| Mid Cap | 21.44% | 21.97% |
| Small Cap | 20.03% | 18.35% |
| Unclassified | 4.05% | 0.37% |
Concentration
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Top 10 holdings | 45.22% | 61.07% |
| Effective number of stocks ⓘ | 30.8 | 15.2 |
| Securities held | 29 | 33 |
Portfolio overlap: 35.4%
12 companies are held by both funds; by weight, 35.4% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Motilal Oswal Financial Services | Nippon India Banking & Financial Services |
|---|---|---|
| ICICI Bank Limited | 6.31% | 13.26% |
| State Bank of India | 6.56% | 4.97% |
| Kotak Mahindra Bank Limited | 3.86% | 4.06% |
| HDFC Bank Limited | 3.39% | 15.76% |
| IndusInd Bank Limited | 3.58% | 2.65% |
| Multi Commodity Exchange of India Limited | 5.75% | 2.47% |
| Axis Bank Limited | 2.36% | 9.00% |
| PNB Housing Finance Limited | 2.67% | 2.27% |
| Piramal Finance Limited | 1.95% | 1.93% |
| Pine Labs Limited | 2.22% | 1.80% |
| AU Small Finance Bank Limited | 2.17% | 1.73% |
| One 97 Communications Limited | 3.89% | 1.67% |
Top 10 holdings
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%
Nippon India Banking & Financial Services
- HDFC Bank Limited15.76%
- ICICI Bank Limited13.26%
- Axis Bank Limited9.00%
- State Bank of India4.97%
- Kotak Mahindra Bank Limited4.06%
- SBI Cards and Payment Services Limited3.36%
- HDFC Asset Management Company Limited2.99%
- IndusInd Bank Limited2.65%
- Cholamandalam Financial Holdings Limited2.53%
- ICICI Prudential Life Insurance Company Ltd.2.49%
Sector exposure
| Motilal Oswal Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Banks | 38.73% | 55.16% |
| Finance | 26.51% | 19.88% |
| Capital Markets | 15.28% | 8.94% |
| Insurance | 2.28% | 11.20% |
| Financial Technology (Fintech) | 6.11% | 4.01% |
Questions people ask
What is the difference between Motilal Oswal Financial Services and Nippon India Banking & Financial Services returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return — vs +1.25%; 3-year CAGR — vs +12.59%; 5-year CAGR — vs +12.48%; 10-year CAGR — vs +13.60%. Past returns do not indicate future returns.
How do Motilal Oswal Financial Services and Nippon India Banking & Financial Services compare on risk?
Volatility (36 monthly returns, annualised) — vs 16.51%; Sharpe ratio — vs 0.37; Sortino ratio — vs 0.54; maximum drawdown −11.39% vs −50.56%; beta — vs 0.91.
How much do Motilal Oswal Financial Services and Nippon India Banking & Financial Services overlap?
By weight, 35.4% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being ICICI Bank Limited, State Bank of India, Kotak Mahindra Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Motilal Oswal Financial Services and Nippon India Banking & Financial Services?
Motilal Oswal Financial Services: large cap 43.4%, mid cap 21.4%, small cap 20.0%. Nippon India Banking & Financial Services: large cap 58.5%, mid cap 22.0%, small cap 18.4% (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.