Motilal Oswal NASDAQ 100 FOF Fund Analyst Review: NAV, Returns and Key Insights 2025

The Motilal Oswal NASDAQ 100 FOF Fund Direct Growth plan is one of India’s most recognised overseas fund-of-funds, offering investors a straightforward route to participate in the performance of 100 of the world’s largest non-financial technology and growth companies listed on the NASDAQ. With a 1-year return of 85.48% and a 5-year return of 26.92%, this fund has consistently rewarded patient investors who believe in the long-term compounding power of global technology leaders. This analyst review covers the fund’s current NAV, AUM, returns, expense ratio, risk profile, and suitability for Indian investors in 2025.

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What Is the Motilal Oswal NASDAQ 100 FOF Fund?

The Motilal Oswal NASDAQ 100 FOF Fund is an open-ended overseas Fund-of-Fund scheme that invests in units of the Motilal Oswal NASDAQ 100 ETF, which in turn tracks the NASDAQ 100 Index. The NASDAQ 100 is a benchmark that includes global technology giants across software, hardware, semiconductors, e-commerce, and biotechnology. By investing in the Motilal Oswal NASDAQ 100 FOF Fund, Indian investors gain indirect access to companies such as Apple, Microsoft, Nvidia, Amazon, and Alphabet without needing an international trading account. The fund is classified under the FoFs Overseas sub-category and carries a Very High risk rating.

Motilal Oswal NASDAQ 100 FOF Fund NAV and AUM

The current NAV of the Motilal Oswal NASDAQ 100 FOF Fund Direct Growth plan is Rs 69.81. The fund manages a substantial AUM of Rs 7,690.83 crore, making it one of the larger overseas FoF schemes available to Indian retail investors. The high AUM reflects strong and sustained investor interest in NASDAQ-linked products over recent years. NAV is updated daily and reflects the previous trading day’s value of the underlying NASDAQ 100 ETF units. Investors should note that NAV also captures USD-INR currency movement, as the underlying assets are priced in US dollars.

Motilal Oswal NASDAQ 100 FOF Fund Returns: Performance Snapshot

The fund has delivered strong returns across timeframes, benefiting from the sustained outperformance of US technology stocks:

Period	Returns
1 Month	12.69%
3 Months	45.43%
1 Year	85.48%
3 Years (Annualised)	42.96%
5 Years (Annualised)	26.92%

The 85.48% one-year return reflects a strong rally in US tech stocks, particularly semiconductor and AI-linked companies within the NASDAQ 100. The 3-year annualised return of 42.96% and a 5-year annualised return of 26.92% demonstrate that the Motilal Oswal NASDAQ 100 FOF Fund has been a reliable compounder over the medium and long term. However, investors should remember that NASDAQ 100 returns are cyclical. Periods of high interest rates, tech sector valuation compression, or US economic slowdowns can lead to sharp drawdowns in this fund.

Expense Ratio and Cost Efficiency

One of the standout features of the Motilal Oswal NASDAQ 100 FOF Fund Direct Growth plan is its remarkably low expense ratio of just 0.19% per annum. For an overseas FoF with indirect exposure to 100 globally dominant technology companies, this is an exceptionally competitive cost. The low expense ratio means a greater share of the NASDAQ 100’s returns stays in the investor’s portfolio. Combined with the direct plan structure that eliminates distributor commissions, this fund offers strong value from a cost perspective relative to most international equity products available in India.

Who Should Invest in Motilal Oswal NASDAQ 100 FOF Fund?

The Motilal Oswal NASDAQ 100 FOF Fund is well suited for investors who want long-term exposure to global technology and innovation leaders without the complexity of managing an international brokerage account. The ideal investor profile includes:

• Investors with a Very High risk appetite who can hold through significant volatility
• Those with a minimum investment horizon of 5 to 7 years
• Investors seeking international diversification beyond Indian equity markets
• Those who want a low-cost, passive-style route to global technology stocks

The minimum monthly SIP is Rs 500 and the minimum lumpsum is Rs 500. First-time investors, retirees, and those with a short investment horizon should avoid this fund. As an overseas FoF, it should ideally form a satellite allocation of 10 to 15 percent in a diversified portfolio.

Key Risks to Consider

US Market Concentration: The Motilal Oswal NASDAQ 100 FOF Fund is entirely dependent on the performance of 100 US-listed companies. Any prolonged US market correction will directly impact fund returns.

Currency Risk: Returns in INR are affected by USD-INR exchange rate movements. A strengthening rupee can reduce India-adjusted gains even when the NASDAQ 100 performs well in dollar terms.

Valuation Risk: NASDAQ 100 companies, especially in the technology sector, often trade at elevated valuations. Any compression in price-to-earnings multiples can lead to sharp NAV corrections.

Double Expense Layer: As a FoF, the fund carries costs at both the underlying ETF level and the FoF scheme level, even though the combined expense ratio remains low at 0.19%.

Regulatory Restrictions: SEBI periodically caps fresh inflows into overseas funds when the industry’s collective overseas AUM approaches regulatory limits, which can interrupt investment continuity.

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Conclusion

The Motilal Oswal NASDAQ 100 FOF Fund remains a compelling option for Indian investors seeking low-cost exposure to the world’s leading technology companies through a simple, regulated mutual fund structure. With an expense ratio of just 0.19%, a healthy AUM of Rs 7,690.83 crore, and consistent multi-year returns, the fund has earned its place as a core overseas holding for high-risk investors. Ensure the fund aligns with your financial goals and risk tolerance before investing, and consult a SEBI-registered investment advisor if needed.

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 NAV of Motilal Oswal NASDAQ 100 FOF Fund Direct Growth?

Ans. The current NAV is Rs 69.81, updated daily to reflect the closing value of the underlying Motilal Oswal NASDAQ 100 ETF units. Always verify the latest NAV on the AMC website or a registered MF platform before transacting.

What are the 1-year returns of Motilal Oswal NASDAQ 100 FOF Fund?

Ans. The 1-year return is 85.48%, driven by strong performance in US technology and AI-linked stocks within the NASDAQ 100. The 3-year annualised return is 42.96% and the 5-year annualised return is 26.92%. Past returns do not guarantee future performance.

What is the expense ratio of Motilal Oswal NASDAQ 100 FOF Fund?

Ans. The direct growth plan carries an expense ratio of just 0.19% per annum, which is among the lowest for any overseas FoF in India. This low cost structure allows investors to retain a significantly higher share of the NASDAQ 100’s returns over the long term.

Is Motilal Oswal NASDAQ 100 FOF Fund safe to invest in?

Ans. The fund carries a Very High risk rating due to its concentrated exposure to US technology stocks and currency risk from USD-INR movements. It is not suitable for conservative investors. A minimum 5 to 7-year horizon and a high risk tolerance are necessary before considering this fund.

What is the minimum SIP for Motilal Oswal NASDAQ 100 FOF Fund?

Ans. The minimum monthly SIP is Rs 500 and the minimum lumpsum investment is also Rs 500. The structured SIP approach is recommended for this fund as it helps average out the impact of USD-INR volatility and NASDAQ 100 market fluctuations over time.

What type of fund is Motilal Oswal NASDAQ 100 FOF Fund?

Ans. It is an open-ended overseas Fund-of-Fund scheme classified under the FoFs Overseas sub-category. It invests in units of the Motilal Oswal NASDAQ 100 ETF, providing Indian investors indirect access to the top 100 non-financial companies listed on the NASDAQ exchange.