{"id":253584,"date":"2026-09-17T15:30:54","date_gmt":"2026-09-17T10:00:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T15:30:54","modified_gmt":"2026-09-17T10:00:54","slug":"motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/","title":{"rendered":"Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-bse-financials-ex-bank-30-index-fund-g-direct-plan\">Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan<\/a> currently has a NAV of \u20b917.3949 as of 16 Sep 2026 and scheme AUM of \u20b932 Cr. Its 1-year, 3-year and 5-year returns are -0.98%, 12.59% and 0%, and the scheme is tagged High Risk.<\/p>\n<p>Our view is that this is a thematic index fund for investors who can handle sharp swings and are comfortable with a sector-specific exposure pattern. The current return profile is mixed against its benchmark, with recent weakness but a stronger 3-year record, so it fits better as a focused satellite allocation than a core, all-weather equity holding.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Motilal_Oswal_BSE_Financials_ex_Bank_30_Index\" title=\"Should you BUY or HOLD Motilal Oswal BSE Financials ex Bank 30 Index?\">Should you BUY or HOLD Motilal Oswal BSE Financials ex Bank 30 Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Motilal_Oswal_BSE_Financials_ex_Bank_30_Index_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan?\">What is the current NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#How_has_the_fund_compared_with_its_benchmark\" title=\"How has the fund compared with its benchmark?\">How has the fund compared with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_funds_on_recent_returns\" title=\"How does it compare with peer funds on recent returns?\">How does it compare with peer funds on recent returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-bse-financials-ex-bank-30-index-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b917.3949 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b932 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.43%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>29 Jul 2022<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9500<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Index Funds<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 15D, Nil after 15D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Swapnil P Mayekar, Dishant Mehta, Rakesh Shetty<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Swapnil P Mayekar, Dishant Mehta and Rakesh Shetty.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-5.27%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>0.35%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>-0.98%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>12.59%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern has been uneven. Over 1 month, the fund declined more than the benchmark, which tells us that the underlying basket can still move sharply in weak phases. Over 3 months, it recovered better than the benchmark, and the 1-year figure is less negative than the benchmark\u2019s, which shows that the fund absorbed a part of the broader weakness even though the absolute return stayed in negative territory.<\/p>\n<p>The 3-year number is the clearest strength in the profile. The fund\u2019s 12.59% return is well ahead of the benchmark\u2019s 5.74%, so the longer stretch has been more rewarding than the recent stretch. That combination usually points to a fund whose medium-term compounding has been better than its short-term behaviour.<\/p>\n<p>The time pattern also suggests a choppy path rather than a smooth advance. There are periods of recovery, but they are interrupted by meaningful pullbacks. For investors, that means the fund may suit a patient holding period where the focus is on participating in a specific financials opportunity rather than on reducing short-term volatility.<\/p>\n<p>Its current return profile is therefore not weak across every horizon. Instead, the recent softness sits alongside a stronger 3-year record, while the benchmark comparison shows that the fund has generally held up better over the longer window than it did in the most recent month.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Motilal_Oswal_BSE_Financials_ex_Bank_30_Index\"><\/span>Should you BUY or HOLD Motilal Oswal BSE Financials ex Bank 30 Index?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Motilal Oswal BSE Financials ex Bank 30 Index? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-bse-financials-ex-bank-30-index-fund-g-direct-plan\">Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan<\/a><\/td>\n<td>-0.98%<\/td>\n<td>12.59%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nasdaq-100-index-fund-g-direct-plan\">ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan<\/a><\/td>\n<td>29.31%<\/td>\n<td>30.01%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-nifty-capital-markets-index-fund-g-direct-plan\">Tata Nifty Capital Markets Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.45%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-capital-market-index-fund-g-direct-plan\">Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.13%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-midsmall-financial-services-index-fund-g-direct-plan\">Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan<\/a><\/td>\n<td>20.68%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nifty-pharma-index-fund-g-direct-plan\">ICICI Pru Nifty Pharma Index Fund Direct Growth Plan<\/a><\/td>\n<td>17.57%<\/td>\n<td>18.84%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Among the available peer return figures, the fund\u2019s recent 1-year performance is much softer than the stronger recent numbers posted by the comparison set, while its 3-year record is more resilient than several peers where longer-term figures are not available. That tells us the short-term and medium-term comparisons do not tell the same story.<\/p>\n<p>One of the clearest contrasts is that the fund\u2019s 3-year return is materially better than the benchmark and also higher than the 3-year figures shown by the peer funds that disclose that horizon. At the same time, its 1-year return trails the stronger recent figures in the peer list, so the fund has not had the same recent momentum.<\/p>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bajaj Finance Ltd<\/td>\n<td>Finance<\/td>\n<td>15.84%<\/td>\n<\/tr>\n<tr>\n<td>Shriram Finance Limited<\/td>\n<td>Finance<\/td>\n<td>11.21%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Finserv Limited<\/td>\n<td>Finance<\/td>\n<td>6.66%<\/td>\n<\/tr>\n<tr>\n<td>Multi Commodity Exchange of India Limited<\/td>\n<td>Finance<\/td>\n<td>5.09%<\/td>\n<\/tr>\n<tr>\n<td>Cholamandalam Investment and Finance Company Limited<\/td>\n<td>Finance<\/td>\n<td>4.78%<\/td>\n<\/tr>\n<tr>\n<td>Jio Financial Services Limited<\/td>\n<td>Finance<\/td>\n<td>4.74%<\/td>\n<\/tr>\n<tr>\n<td>SBI Life Insurance Company Limited<\/td>\n<td>Insurance<\/td>\n<td>4.63%<\/td>\n<\/tr>\n<tr>\n<td>One 97 Communications Limited<\/td>\n<td>IT<\/td>\n<td>4.17%<\/td>\n<\/tr>\n<tr>\n<td>PB Fintech Limited<\/td>\n<td>IT<\/td>\n<td>4.03%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Life Insurance Company Limited<\/td>\n<td>Insurance<\/td>\n<td>3.45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 64.6% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-bse-financials-ex-bank-30-index-fund-g-direct-plan\">Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, Bajaj Finance Ltd, carries a 15.84% weight, so it is likely to have greater influence on the fund\u2019s short-term movement than any other single position. The drop from the first holding to the tenth holding is gradual rather than abrupt, but the weights still show that the portfolio leans on a relatively small set of large positions.<\/p>\n<p>Because the top 10 names together make up 64.6% of the portfolio, the disclosed basket is meaningfully concentrated even though it does extend to 31 holdings overall. That mix may allow diversified participation across the financials complex, but the largest positions could still shape returns more than the smaller tail holdings.<\/p>\n<p>We also note that finance names dominate the top layer, with insurance and IT appearing as smaller pockets within the disclosed leaders. That pattern may make the fund more sensitive to the direction of financial-services stocks than a broader-market index fund would be.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is suited to investors who can accept High Risk and who want a focused exposure to financial-services names rather than a broad market basket. The 3-year record is stronger than the benchmark, but the 1-year return is still negative, so the path has not been smooth.<\/p>\n<p>The main fit is for a medium- to long-term horizon, where temporary swings matter less than the longer compounding profile. Investors who prefer steadier outcomes or who want a more diversified equity core may find the sector concentration too narrow for their primary holding.<\/p>\n<p>The trade-off is clear: you may get stronger participation when the financials theme is working, but you also need to accept the possibility of sharper short-term drawdowns and a more uneven journey than a broad index fund.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 1% on or before 15D, Nil after 15D.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Motilal_Oswal_BSE_Financials_ex_Bank_30_Index_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b917.3949 as of 16 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is -0.98%, its 3-year return is 12.59%, and its 5-year return is Data not available.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_compared_with_its_benchmark\"><\/span>How has the fund compared with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Against the Nifty 50 benchmark, the fund has been less negative over 1 year and stronger over 3 years. Over 1 month, it lagged the benchmark, while over 3 months it held up better.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_funds_on_recent_returns\"><\/span>How does it compare with peer funds on recent returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year return is below the stronger recent peer figures shown here, but its 3-year return is more resilient than the longer-term figures available for several peers. The short-term and longer-term pictures are not the same.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9500.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Swapnil P Mayekar, Dishant Mehta and Rakesh Shetty. The exit load is 1% on or before 15D, and Nil after 15D.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund\u2019s recent performance is softer than its 3-year record, so the short-term and medium-term stories differ. It has also outpaced the benchmark over 3 years, while some peer funds show much stronger recent 1-year figures. The High Risk label fits a portfolio that is concentrated in financial-services names, led by a 15.84% position in Bajaj Finance Ltd. For investors with patience and a sector-specific view, it can work as a focused satellite holding rather than a broad core allocation.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 3:30 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan\",\"identifier\":\"motilal-oswal-bse-financials-ex-bank-30-index-fund-g-direct-plan\",\"category\":\"Index Funds\",\"dateCreated\":\"29 Jul 2022\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":17.3949,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"32 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.43\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":-0.98},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":12.59},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Swapnil P Mayekar, Dishant Mehta, Rakesh Shetty\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b917.3949 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is -0.98%, its 3-year return is 12.59%, and its 5-year return is Data not available.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund compared with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Against the Nifty 50 benchmark, the fund has been less negative over 1 year and stronger over 3 years. Over 1 month, it lagged the benchmark, while over 3 months it held up better.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on recent returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is below the stronger recent peer figures shown here, but its 3-year return is more resilient than the longer-term figures available for several peers. The short-term and longer-term pictures are not the same.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9500.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Swapnil P Mayekar, Dishant Mehta and Rakesh Shetty. The exit load is 1% on or before 15D, and Nil after 15D.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan has a NAV of \u20b917.3949 as of 16 Sep 2026, AUM of \u20b932 Cr, and 1Y\/3Y returns of -0.98% and 12.59%.<\/p>\n","protected":false},"author":38,"featured_media":253580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-253584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["253580"],"rank_math_title":["Motilal Oswal Financials ex Bank 30 Index Fund Review"],"rank_math_description":["Motilal Oswal BSE Financials ex Bank 30 Index Fund review: NAV \u20b917.3949, 1Y return -0.98%, 3Y return 12.59%, High Risk."],"rank_math_focus_keyword":["Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Motilal_Oswal_BSE_Financials_ex_Bank_30_Index_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=253584"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/253580"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=253584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=253584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=253584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}