About Motilal Oswal Nifty India Defence Index Fund
Motilal Oswal Nifty India Defence Index Fund is a index fund managed by Motilal Oswal Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty India Defence Total Return Index, subject to tracking error.
The scheme's stated objective, as published by Motilal Oswal Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹12.2624 | 152712 |
| Regular | Growth | ₹12.0781 | 152711 |
Frequently asked questions
What is the NAV of Motilal Oswal Nifty India Defence Index Fund today?
The NAV of Motilal Oswal Nifty India Defence Index Fund (Direct plan, Growth) is ₹12.2624 and the Regular plan NAV is ₹12.0781, as of 18 Sept 2026.
What returns has Motilal Oswal Nifty India Defence Index Fund given?
Over the last year the Direct plan returned 13.11%. Past returns do not guarantee future returns.
What is the expense ratio of Motilal Oswal Nifty India Defence Index Fund?
The Direct plan charges 0.57% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Motilal Oswal Nifty India Defence Index Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹500 or more.
How much has Motilal Oswal Nifty India Defence Index Fund fallen in the past?
Its deepest fall was 38.2% from 11 Jul 2024 to 18 Feb 2025. Of every one-year stretch in its history, 99% ended in a gain.
Which category does Motilal Oswal Nifty India Defence Index Fund belong to?
It is a Index Fund from Motilal Oswal Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Motilal Oswal Nifty India Defence Index Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.