Motilal Oswal Nifty Capital Market Index Fund Analyst Review: NAV, Returns and Key Insights 2026
- June 4, 2026
- Posted by: Kashish Aggarwal
- Category: Mutual Funds
Offering a 1-year return of 37.87% and a 3-month gain of 20.45%, the Motilal Oswal Nifty Capital Market Index Fund provides investors with measured exposure to its underlying investment universe. The fund manages Rs 461.36 crore in assets at a NAV of Rs 13.42. This review breaks down its returns history, expense structure, and who should consider adding it to their portfolio in 2025.
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What Is the Motilal Oswal Nifty Capital Market Index Fund?
The Motilal Oswal Nifty Capital Market Index Fund tracks a defined stock market index, investing in its constituent securities to replicate benchmark performance as closely as possible. As a passively managed vehicle, it eliminates fund manager discretion and typically offers lower costs than active funds. It carries a Very High risk rating and suits investors who prefer a transparent, low-cost approach to equity exposure.
Motilal Oswal Nifty Capital Market Index Fund NAV and AUM
The current NAV of the Motilal Oswal Nifty Capital Market Index Fund Direct Growth plan is Rs 13.42. NAV closely tracks the underlying index value, adjusted for the expense ratio and any tracking error. Always verify the most recent NAV on the AMC website or a registered mutual fund platform before placing any transaction.
With an AUM of Rs 461.36 crore, the fund is relatively nimble. This can be advantageous for portfolio agility and the ability to take positions without significant market impact. Investors should track AUM trends alongside performance metrics when evaluating this fund.
Motilal Oswal Nifty Capital Market Index Fund Returns: Performance Snapshot
| Period | Returns |
|---|---|
| 1 Month | 10.35% |
| 3 Months | 20.45% |
| 1 Year | 37.87% |
| 3 Years (Annualised) | Not Available |
| 5 Years (Annualised) | Not Available |
Performance for the Motilal Oswal Nifty Capital Market Index Fund has been measured, delivering 37.87% over one year and 20.45% over three months. This level of return is broadly in line with its investment category average. Patient investors with a long-term horizon may find that consistent moderate compounding creates significant wealth over time, provided the underlying investment thesis remains intact.
Expense Ratio and Cost Efficiency
At 0.91% per annum, the expense ratio of the Motilal Oswal Nifty Capital Market Index Fund Direct Growth plan is moderate for its peer group. The direct plan remains more cost-efficient than the regular variant. Investors should factor the total cost of ownership into their long-term return calculations and compare across category peers before making a final decision.
Who Should Invest in Motilal Oswal Nifty Capital Market Index Fund?
Investors looking for a transparent, rules-based, and low-cost equity investment will find the Motilal Oswal Nifty Capital Market Index Fund an appropriate option. A minimum 5-year horizon and Very High risk tolerance are required. The minimum SIP is Rs 500 and minimum lumpsum is Rs 500. It can also serve as a core equity holding alongside active satellite funds within a broader portfolio.
Key Risks to Consider
No Downside Protection: A passive fund replicates index losses as completely as it replicates index gains. There is no fund manager discretion to reduce exposure during broad market downturns.
Concentration Risk: Some indices are heavily weighted toward a few large companies or sectors. A significant fall in those concentrated positions can have an outsized negative impact on NAV.
Benchmark Dependency: If the benchmark index undergoes reconstitution or methodology changes, the fund must rebalance accordingly, incurring transaction costs and potential short-term performance drag.
Market Volatility: Equity-linked funds can experience sharp short-term NAV corrections during periods of broad market sell-offs, sector-specific adverse events, or macro-level uncertainty.
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Conclusion
Steady returns, a competitive expense ratio of 0.91%, and an AUM of Rs 461.36 crore position the Motilal Oswal Nifty Capital Market Index Fund as a reliable performer within its category. For patient investors with a 5 to 7-year horizon, its consistent management offers a dependable wealth-building vehicle. Ensure the fund fits your risk profile by consulting a SEBI-registered investment advisor.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions
What is the current NAV of Motilal Oswal Nifty Capital Market Index Fund?
Ans. The current NAV of the Motilal Oswal Nifty Capital Market Index Fund Direct Growth plan is Rs 13.42. NAV is updated each trading day and reflects the closing market value of the fund’s underlying holdings. Always verify the most recent NAV on the AMC website or a SEBI-registered mutual fund platform before transacting.
What are the returns of Motilal Oswal Nifty Capital Market Index Fund?
Ans. The fund has delivered a 1-year return of 37.87% and a 3-month return of 20.45%. The 3-year annualised return is Not Available and the 5-year annualised return is Not Available. Past performance does not guarantee future results and should be evaluated alongside the fund’s risk profile and benchmark comparison.
What is the expense ratio of Motilal Oswal Nifty Capital Market Index Fund Direct Growth?
Ans. The expense ratio of the Motilal Oswal Nifty Capital Market Index Fund Direct Growth plan is 0.91% per annum. The direct plan eliminates distributor commissions and is more cost-efficient than the regular plan. Investors should always opt for the direct plan to maximise long-term net returns through the compounding advantage of lower costs.
Is this fund suitable for conservative investors?
Ans. No. This fund carries a Very High risk rating due to full market replication with no downside protection. It is not suitable for conservative investors or those with short investment timelines. A minimum 5 to 7-year horizon and a high risk tolerance are required prerequisites. Consult a SEBI-registered investment advisor before investing.
What is the minimum SIP amount for this fund?
Ans. The minimum monthly SIP is Rs 500 and the minimum lumpsum investment is Rs 500. The low entry thresholds make the fund accessible across income levels. A regular SIP approach is recommended to average out entry costs over time, particularly given the high-volatility nature of this fund’s category.
What category and sub-category does this fund belong to?
Ans. This fund is a passively managed index fund tracking a specific benchmark index. It falls under the Index Fund sub-category and is available as a direct growth plan, which eliminates distributor commissions and typically offers superior net returns compared to the regular plan.
