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Motilal Oswal S&P 500 Index Fund Direct Growth NAV stands at ₹32.3549 (June 17 2026) with 21.38% annualised return since launch and ₹4,580 cr AUM. See the
The fund’s Net Asset Value (NAV) closed at ₹32.3549 on June 17 2026, marking the latest price level for investors tracking the U.S. S&P 500 through an Indian mutual‑fund wrapper【1】. At the same time, the scheme’s assets under management totalled roughly ₹4,580 crore as of May 31 2026, underscoring its rapid growth since launch just over six years ago.
| At a glance | |
|---|---|
| NAV (June 17 2026) | ₹32.3549 |
| AUM (May 31 2026) | ₹4,580 cr |
| Avg. annual return since inception | 21.38 % |
| Expense ratio | 0.58 % |
Since its inception — approximately 6 years 2 months ago — the Motilal Oswal S&P 500 Index Fund Direct‑Growth has delivered an average annual return of 21.38 %, outpacing many domestic equity funds over the same period【1】. The fund’s expense ratio of 0.58 % is deducted from assets daily, reducing net returns to investors but remaining in line with typical index‑fund fees in India【1】. No lock‑in period applies, and the scheme is classified as “Very High risk” because it is fully exposed to foreign equity markets【1】.
The fund’s holdings are heavily weighted toward large‑cap U.S. technology names, with NVIDIA (7.82 %), Apple (6.98 %), Microsoft (5.09 %) and Amazon (4.03 %) together accounting for roughly 24 % of assets【1】. Sector exposure is dominated by Capital Goods (23.03 %), Services (20.28 %) and Technology (11.17 %), while foreign‑equity exposure sits at 98.43 % of the portfolio【1】. Minor allocations include a 0.65 % position in repos and small stakes in foreign REITs and mutual funds【1】.
As an international index fund, the scheme mirrors the performance of the S&P 500 subject to tracking error【1】. The high concentration in U.S. tech stocks amplifies volatility, especially in periods of sector‑specific turbulence. The fund’s liquidity is supported by its sizable AUM, but investors should be aware that currency fluctuations and U.S. market movements directly affect returns.
The Motilal Oswal S&P 500 Index Fund Direct‑Growth offers Indian investors a direct conduit to U.S. equity performance, delivering strong historical returns but carrying the inherent volatility of a high‑beta, foreign‑focused portfolio. Future market dynamics, especially U.S. macro data, will determine whether its tracking remains effective and its high‑risk label stays justified.
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The S&P 500 is a stock market index that tracks the performance of 500 large-capitalization companies listed on U.S. stock exchanges. It is maintained by S&P Dow Jones Indices and serves as a primary benchmark for the U.S. equity market.
The S&P 500 components are selected by a committee based on specific criteria outlined in the S&P 1500 methodology. These criteria focus on companies with large market capitalizations listed on U.S. exchanges.
The S&P 500 Dividend Aristocrats are component companies within the S&P 500 that have increased their dividends for at least 25 consecutive years. This designation identifies companies with a long-term track record of dividend growth.
Companies in the S&P 500 derive 28% of their collective revenues from countries outside the United States. The remaining 72% of revenue is generated within the United States.