Motilal Oswal Business Cycle Fund
- NAV as on 9 Nov 2026
- ₹12.55+0.80%1 day
- Return since launch
- 8.0%
- 52-week range
- ₹9.94 — ₹13.31
- AUM
- ₹1,449 Cr
Motilal Oswal Business Cycle Fund is a Equity Opportunities equity fund from Motilal Oswal Mutual Fund with ₹1,449 Cr under management, launched in 2024. The expense ratio is 2.51% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -3.9% against -1.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.3% | +6.2 pts | 4.1% | 5.3% |
| 2Y | 4.7% | −1.1 pts | 5.8% | 3.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.1% | −1.6 pts | 3.8% | 4.8% |
| 3M | -0.8% | +0.2 pts | -1.0% | -0.9% |
| 6M | 11.8% | +6.3 pts | 5.5% | 4.4% |
| 1Y | -3.7% | −7.8 pts | 4.1% | -1.1% |
| 2Y | 4.0% | +1.4 pts | 2.7% | 0.1% |
Since launch (7 Aug 2024): 8.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -3.7% | −6.9 pts | 3.2% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.52%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.82%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.57%
- Exit load
- Exit load of 1%, if redeemed within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Motilal Oswal Business Cycle Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.1%
- Other1.9%
Market cap split
- Large31.5%
- Mid33.5%
- Small35.0%
- P/E
- 40.11
- P/B
- 3.82
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 5.65% | ₹81.92 Cr | +9.38% | +8.08% | +5.74% |
| Coforge Ltd. | Technology | 4.65% | ₹67.33 Cr | +5.53% | +7.28% | +9.02% |
| RBL Bank Ltd. | Financial | 4.37% | ₹63.29 Cr | +2.35% | — | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 4.09% | ₹59.31 Cr | +9.46% | +9.05% | +8.01% |
| One 97 Communications Ltd. | Services | 3.46% | ₹50.07 Cr | — | — | +3.96% |
| Max Healthcare Institute Ltd. | Healthcare | 3.40% | ₹49.28 Cr | +3.86% | — | — |
| Urban Company Ltd. | Consumer Staples | 3.35% | ₹48.54 Cr | +2.76% | — | — |
| Indusind Bank Ltd. | Financial | 3.29% | ₹47.73 Cr | +3.34% | +2.74% | — |
| Prestige Estates Projects Ltd. | Construction | 3.24% | ₹46.93 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 3.22% | ₹46.69 Cr | +3.39% | +2.92% | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 3.20% | ₹46.39 Cr | +3.53% | +2.97% | — |
| Emmvee Photovoltaic Power Ltd. | Energy | 3.17% | ₹45.87 Cr | +2.79% | — | — |
| Persistent Systems Ltd. | Technology | 3.17% | ₹45.91 Cr | +7.42% | +9.69% | +7.29% |
| Ellenbarrie Industrial Gases Ltd. | Chemicals | 3.15% | ₹45.67 Cr | +5.53% | +3.94% | +6.92% |
| Samvardhana Motherson International Ltd. | Automobile | 3.07% | ₹44.46 Cr | — | — | — |
| BSE Ltd. | Services | 3.05% | ₹44.17 Cr | +2.67% | — | — |
| Bharti Airtel Ltd. | Communication | 3.02% | ₹43.73 Cr | +3.15% | +4.03% | — |
| Firstsource Solutions Ltd. | Services | 2.95% | ₹42.74 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 2.94% | ₹42.61 Cr | +2.19% | +2.81% | — |
| ESDS Software Solution Ltd. | Technology | 2.81% | ₹40.72 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 2.76% | ₹40.05 Cr | +1.98% | — | — |
| Biocon Ltd. | Healthcare | 2.68% | ₹38.89 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 2.60% | ₹37.70 Cr | +1.56% | — | — |
| UNO Minda Ltd. | Automobile | 2.55% | ₹36.99 Cr | +2.35% | +1.44% | — |
| Belrise Industries Ltd. | Automobile | 2.26% | ₹32.68 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 2.24% | ₹32.43 Cr | — | — | — |
| OnEMI Technology Solutions Ltd. | Financial | 2.23% | ₹32.35 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 2.21% | ₹32.03 Cr | — | — | — |
| WeWork India Management Ltd. | Services | 2.15% | ₹31.12 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 2.11% | ₹30.54 Cr | +2.28% | +2.43% | — |
| Sansera Engineering Ltd. | Automobile | 2.11% | ₹30.60 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 2.07% | ₹30.04 Cr | +2.13% | — | — |
| Others | Others | 1.87% | ₹26.91 Cr | +0.49% | +3.86% | +13.83% |
| PG Electroplast Ltd. | Capital Goods | 0.81% | ₹11.68 Cr | +3.47% | +4.80% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.10% | ₹1.42 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Healthcare Global Enterprises Ltd. | 4.29% | 0.00% | -4.29% |
| Ellenbarrie Industrial Gases Ltd. | 6.37% | 3.15% | -3.22% |
| Samvardhana Motherson International Ltd. | 0.00% | 3.07% | +3.07% |
| AU Small Finance Bank Ltd. | 2.92% | 0.00% | -2.92% |
| ESDS Software Solution Ltd. | 0.00% | 2.81% | +2.81% |
| OnEMI Technology Solutions Ltd. | 0.00% | 2.23% | +2.23% |
| Sansera Engineering Ltd. | 0.00% | 2.11% | +2.11% |
| Prestige Estates Projects Ltd. | 2.10% | 3.24% | +1.14% |
| PG Electroplast Ltd. | 1.81% | 0.81% | -1.00% |
| Billionbrains Garage Ventures Ltd. | 1.97% | 2.94% | +0.97% |
| One 97 Communications Ltd. | 2.69% | 3.46% | +0.77% |
| Emmvee Photovoltaic Power Ltd. | 2.56% | 3.17% | +0.61% |
| RBL Bank Ltd. | 3.86% | 4.37% | +0.51% |
| BSE Ltd. | 2.56% | 3.05% | +0.49% |
| Others | 0.49% | 0.86% | +0.37% |
| Ather Energy Ltd. | 3.12% | 2.76% | -0.36% |
| Coforge Ltd. | 4.94% | 4.65% | -0.29% |
| Eternal Ltd. | 5.43% | 5.65% | +0.22% |
| Belrise Industries Ltd. | 2.04% | 2.26% | +0.22% |
| Indusind Bank Ltd. | 3.48% | 3.29% | -0.19% |
| Shriram Finance Ltd | 2.75% | 2.60% | -0.15% |
| ABB India Ltd. | 2.19% | 2.07% | -0.12% |
| Biocon Ltd. | 2.80% | 2.68% | -0.12% |
| Bharti Airtel Ltd. | 2.91% | 3.02% | +0.11% |
| Lenskart Solutions Ltd. | 0.00% | 0.10% | +0.10% |
| Firstsource Solutions Ltd. | 2.86% | 2.95% | +0.09% |
| PNB Housing Finance Ltd. | 2.15% | 2.24% | +0.09% |
| Kalyan Jewellers India Ltd. | 4.17% | 4.09% | -0.08% |
| Apollo Hospitals Enterprise Ltd. | 3.29% | 3.22% | -0.07% |
| UNO Minda Ltd. | 2.61% | 2.55% | -0.06% |
| WeWork India Management Ltd. | 2.09% | 2.15% | +0.06% |
| Muthoot Finance Ltd. | 2.15% | 2.11% | -0.04% |
| Max Healthcare Institute Ltd. | 3.37% | 3.40% | +0.03% |
| Persistent Systems Ltd. | 3.14% | 3.17% | +0.03% |
| CG Power and Industrial Solutions Ltd. | 3.22% | 3.20% | -0.02% |
| IDFC First Bank Ltd. | 2.19% | 2.21% | +0.02% |
| Urban Company Ltd. | 3.33% | 3.35% | +0.02% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,051 Cr | 2.13% | 7.0% | 8.6% | 15.0% |
 ICICI Prudential Business Cycle Fund | ₹14,614 Cr | 1.86% | 3.4% | 6.8% | 13.3% |
 Franklin India Opportunities Fund | ₹9,577 Cr | 2.08% | 0.9% | 5.9% | 16.1% |
 Kotak Business Cycle Fund | ₹3,414 Cr | 2.02% | 15.1% | 11.2% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,359 Cr | 2.26% | 14.5% | 13.5% | 15.7% |
 Mahindra Manulife Business Cycle Fund | ₹1,291 Cr | 2.42% | 0.9% | 5.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.
Fund managers
- Ankit AgarwalMr. Agarwal has done B. Tech. Computer Science and Engg., Economics Management, PGDM Finance.Prior to joining Motilal Oswal Mutual Fund he has worked with UTI Mutual Fund, Centrum Capital Ltd as Senior Vice President - Fund Manager, Wealth and Investment Management at Barclays as Asst Vice President, Lehman Brothers, London as Senior analyst, BNP Paribas and D. E. Shaw & Co..
- Atul MehraMr. Mehra has done B.Com, Master's Degree in Accounting and CFAPrior to joining Motilal Oswal Mutual Fund, he has worked with Edelweiss Capital Ltd
- Rakesh ShettyMr. Shetty has done B.ComPrior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
- Varun SharmaMr. Sharma is a Bachelor in Business Studies from Sukhdev College of Business Studies, University of Delhi and holds a Post Graduate Diploma in Management from IIM - Calcutta.Prior to joining Motilal Oswal Asset management, he has worked with Franklin Templeton Asset Management (India) Pvt. Ltd. ICICI Securities (Feb 2010 - August 2014) as an Equity research Analyst and Credit Analysis and Research Limited (Apr 2009 - Feb 2010) as a Ratings Analyst.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months11.78% absolute | ₹60,000 | ₹67,068 | 11.78% | |
| 1 year−3.70% annualised | ₹1,20,000 | ₹1,17,622 | −1.98% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.