Motilal Oswal Nifty Midcap 100 ETF

Motilal Oswal Nifty Midcap 100 ETF (MOM100)

• The Motilal Oswal Nifty Midcap 100 ETF is an open-ended scheme offered by the Motilal Oswal Mutual Fund House.
• The fund, formerly known as Motilal Oswal Midcap 100 ETF, was launched on January 31, 2011.
• It is listed on the National Stock Exchange (NSE) under the symbol MOM100.
• Its assets under management (AUM) stood at ₹471.73 crore as of June 30, 2024.
• Swapnil Mayekar has been managing this fund since July 26, 2019.

Investment Objective and Benchmark

• The Motilal Oswal Nifty Midcap 100 ETF is benchmarked against the Nifty Midcap 100 Total Return Index which consists of 100 mid-cap companies listed on the National Stock Exchange.
• The Nifty MidCap 100 TRI offers exposure to medium-sized companies with development potential in the Indian market.
• The investment objective of the Motilal Oswal Nifty Midcap 100 ETF is to achieve returns corresponding to the performance of the Nifty Midcap 100 Index while considering tracking errors.
• The fund invests in mid-cap companies which are considered to offer greater growth potential in comparison to large or giant-cap companies.
• It is intended for investors with a long-term investment horizon looking to invest in the top 100 midcap companies in India.
• The risk level of the Motilal Oswal Nifty Midcap 100 ETF is categorised as very high.

Asset Allocation and Portfolio Composition

• The Motilal Oswal Nifty Midcap 100 ETF’s asset allocation includes investments in securities constituting the Nifty Midcap 100 Total Return Index, with an allocation ranging from 95% to 100% of total assets.
• The scheme may allocate between 0% and 5% of its assets to debt and money market instruments and cash at call.

The Motilal Oswal Nifty Midcap 100 ETF’s top 10 industry-wise allocations and their weights in percentage are as follows:

• Banks: 9.5%
• Auto Components: 7.2%
• Industrial Products: 7.1%
• Pharmaceuticals & Biotechnology: 7%
• IT - Software: 6.9%
• Electrical Equipment: 5.5%
• Realty: 4.9%
• Healthcare Services: 4.6%
• Power: 4.1%
• Finance: 3.8%

The top 10 holdings of the Motilal Oswal Nifty Midcap 100 ETF as of June 30, 2024, and their portfolio weights in percentage, are:

• Max Healthcare Institute Ltd.: 2.7%
• Suzlon Energy Ltd.: 2.2%
• The Indian Hotels Company Ltd.: 2.1%
• Cummins India Ltd.: 2.1%
• Tube Investments of India Ltd.: 1.8%
• CG Power and Industrial Solutions Ltd.: 1.8%
• Dixon Technologies (India) Ltd.: 1.8%
• Persistent Systems Ltd.: 1.7%
• Yes Bank Ltd.: 1.7%
• Bharat Forge Ltd.: 1.7%

The top 10 holdings constitute 17.8% of the ETF’s asset allocation.

The scheme has delivered a return of 57.01% against benchmark returns of 57.11% as of June 30, 2024.

Since its inception, the Motilal Oswal Nifty Midcap 100 ETF has posted a CAGR of 16.96%.