Motilal Oswal Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹62.91-1.45%1 day
- Return since launch
- 16.2%
- 52-week range
- ₹51.02 — ₹65.07
- AUM
- ₹14,160 Cr
Motilal Oswal Flexi Cap Fund is a Flexi Cap equity fund from Motilal Oswal Mutual Fund with ₹14,160 Cr under management, launched in 2014. Over three years it has returned 9.6% a year, against 11.4% for its category. The expense ratio is 2.15% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.2% against -1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.8% | +11.8 pts | 1.1% | -0.6% |
| 2Y | 5.9% | +3.0 pts | 2.9% | 0.7% |
| 3Y | 9.6% | −1.9 pts | 11.4% | 3.6% |
| 5Y | 14.9% | +5.1 pts | 9.8% | 9.0% |
| 7Y | 15.0% | +1.8 pts | 13.2% | 11.8% |
| 10Y | 13.0% | +0.2 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.8% | +1.8 pts | -3.5% | -3.6% |
| 3M | 8.5% | +8.2 pts | 0.3% | -0.1% |
| 6M | 17.9% | +8.3 pts | 9.7% | 8.7% |
| 1Y | 2.2% | +1.1 pts | 1.1% | -1.8% |
| 2Y | -0.4% | +1.2 pts | -1.6% | -3.2% |
| 3Y | 17.3% | +5.8 pts | 11.4% | 10.0% |
| 5Y | 11.6% | +1.8 pts | 9.8% | 8.7% |
| 7Y | 13.3% | −1.2 pts | 14.5% | 12.6% |
| 10Y | 11.9% | −0.9 pts | 12.8% | 10.9% |
Since launch (7 Apr 2014): 16.2%
Calendar-year returns
Category average10.3%
15.3%
-3.0%
31.0%
45.2%
-5.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -5.6% | −9.8 pts | 4.2% |
| 2024 | 45.2% | +23.5 pts | 21.8% |
| 2023 | 31.0% | +1.3 pts | 29.7% |
| 2022 | -3.0% | −4.6 pts | 1.7% |
| 2021 | 15.3% | −19.1 pts | 34.4% |
| 2020 | 10.3% | −8.7 pts | 19.0% |
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
2.05%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.44%
- Brokerage
- 0.10%
- Transaction charges
- 0.01%
- Statutory levies
- 0.50%
- 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.75 | 5.36 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.06 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.77 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.04 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.50 | 17.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Motilal Oswal Flexi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.3%
- Other2.7%
Market cap split
- Large36.7%
- Mid35.0%
- Small28.3%
- P/E
- 43.93
- P/B
- 5.43
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 8.49% | ₹1,202 Cr | +6.25% | +7.25% | +7.37% |
| Eternal Ltd. | Services | 6.37% | ₹902 Cr | +5.33% | +6.21% | +8.03% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 5.76% | ₹815 Cr | +6.60% | +7.05% | +6.34% |
| Ather Energy Ltd. | Automobile | 4.73% | ₹670 Cr | +3.88% | +0.99% | — |
| Coforge Ltd. | Technology | 4.70% | ₹665 Cr | +4.85% | +6.36% | +10.08% |
| Shriram Finance Ltd | Financial | 4.09% | ₹579 Cr | +4.12% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 3.70% | ₹524 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.69% | ₹523 Cr | +3.65% | +3.08% | — |
| Aditya Infotech Ltd. | Communication | 3.40% | ₹481 Cr | +2.77% | — | — |
| Sterlite Technologies Ltd. | Communication | 3.37% | ₹477 Cr | +0.75% | — | — |
| Indusind Bank Ltd. | Financial | 3.27% | ₹463 Cr | +3.56% | +3.27% | — |
| Waaree Energies Ltd. | Energy | 3.13% | ₹443 Cr | +4.13% | +2.90% | — |
| Persistent Systems Ltd. | Technology | 3.11% | ₹441 Cr | +4.62% | +5.55% | +9.70% |
| Siemens Ltd. | Capital Goods | 2.85% | ₹403 Cr | +2.97% | — | — |
| Others | Others | 2.74% | ₹390 Cr | +10.60% | +23.44% | +3.01% |
| HDFC Asset Management Company Ltd. | Financial | 2.67% | ₹378 Cr | +2.98% | — | — |
| Ola Electric Mobility Ltd. | Automobile | 2.64% | ₹374 Cr | — | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 2.57% | ₹363 Cr | +3.06% | — | — |
| Ashok Leyland Ltd. | Automobile | 2.48% | ₹351 Cr | +3.24% | — | — |
| PG Electroplast Ltd. | Capital Goods | 2.43% | ₹344 Cr | +2.32% | +2.70% | +1.36% |
| Acutaas Chemicals Ltd. | Healthcare | 2.42% | ₹343 Cr | +0.34% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 2.41% | ₹341 Cr | +3.55% | — | — |
| RBL Bank Ltd. | Financial | 2.29% | ₹324 Cr | +0.98% | — | — |
| Polycab India Ltd. | Capital Goods | 2.28% | ₹323 Cr | +3.06% | +3.45% | +10.37% |
| Bharat Electronics Ltd. | Capital Goods | 2.26% | ₹319 Cr | +2.61% | +2.69% | — |
| Muthoot Finance Ltd. | Financial | 2.19% | ₹311 Cr | +1.00% | — | — |
| Suzlon Energy Ltd. | Capital Goods | 2.04% | ₹289 Cr | +2.59% | — | — |
| Piramal Finance Ltd. | Financial | 1.95% | ₹275 Cr | +3.25% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.75% | ₹248 Cr | +3.20% | +0.49% | — |
| Interglobe Aviation Ltd. | Services | 1.73% | ₹245 Cr | +2.48% | — | — |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 1.35% | ₹191 Cr | +1.70% | — | — |
| Premier Energies Ltd. | Energy | 1.14% | ₹161 Cr | +0.98% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.35% | 1.75% | -1.60% |
| Bharat Dynamics Ltd. | 0.91% | 0.00% | -0.91% |
| Ather Energy Ltd. | 3.89% | 4.73% | +0.84% |
| Sterlite Technologies Ltd. | 2.53% | 3.37% | +0.84% |
| Interglobe Aviation Ltd. | 2.53% | 1.73% | -0.80% |
| Multi Commodity Exchange Of India Ltd. | 2.97% | 3.69% | +0.72% |
| Coforge Ltd. | 4.26% | 4.70% | +0.44% |
| Persistent Systems Ltd. | 3.53% | 3.11% | -0.42% |
| Eternal Ltd. | 5.97% | 6.37% | +0.40% |
| Others | 0.18% | 0.54% | +0.36% |
| Indusind Bank Ltd. | 3.63% | 3.27% | -0.36% |
| Diamond Power Infrastructure Ltd. | 3.37% | 3.70% | +0.33% |
| PG Electroplast Ltd. | 2.74% | 2.43% | -0.31% |
| Kalyan Jewellers India Ltd. | 8.79% | 8.49% | -0.30% |
| Samvardhana Motherson International Ltd. | 2.16% | 2.41% | +0.25% |
| Onesource Specialty Pharma Ltd. | 2.78% | 2.57% | -0.21% |
| Ashok Leyland Ltd. | 2.68% | 2.48% | -0.20% |
| CG Power and Industrial Solutions Ltd. | 5.57% | 5.76% | +0.19% |
| Piramal Finance Ltd. | 2.10% | 1.95% | -0.15% |
| Siemens Ltd. | 2.70% | 2.85% | +0.15% |
| Shriram Finance Ltd | 4.23% | 4.09% | -0.14% |
| Waaree Energies Ltd. | 3.27% | 3.13% | -0.14% |
| Aditya Infotech Ltd. | 3.28% | 3.40% | +0.12% |
| Ola Electric Mobility Ltd. | 2.52% | 2.64% | +0.12% |
| Bharat Electronics Ltd. | 2.14% | 2.26% | +0.12% |
| RBL Bank Ltd. | 2.19% | 2.29% | +0.10% |
| Muthoot Finance Ltd. | 2.13% | 2.19% | +0.06% |
| Suzlon Energy Ltd. | 2.10% | 2.04% | -0.06% |
| Polycab India Ltd. | 2.23% | 2.28% | +0.05% |
| HDFC Asset Management Company Ltd. | 2.71% | 2.67% | -0.04% |
| ICICI Prudential Asset Management Company Ltd. | 1.39% | 1.35% | -0.04% |
| Acutaas Chemicals Ltd. | 2.42% | 2.42% | 0.00% |
| Premier Energies Ltd. | 1.14% | 1.14% | 0.00% |
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 | ₹3,125 Cr | 2.26% | 12.2% | 10.0% | 16.0% |
 Invesco India Flexi Cap Fund | ₹5,709 Cr | 2.07% | 5.4% | 8.0% | — |
 Bank of India Flexi Cap Fund | ₹2,953 Cr | 2.25% | 13.1% | 10.6% | 16.0% |
 360 ONE FlexiCap Fund | ₹2,250 Cr | 2.38% | 14.6% | 10.1% | — |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.34% | 15.8% | 11.6% | — |
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 primarily investing in equity & equity related instruments across sectors and market-capitalization levels.
Fund managers
- Ajay KhandelwalMr. Khandelwal is MBA & Bachelor of Engineering.Prior to joining Motilal Oswal Mutual Fund, he has worked with Canara Robeco Mutual Fund, BOI AXA Mutual Fund, B&K Securities and Infosys.
- 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..
- 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 months17.94% absolute | ₹60,000 | ₹70,764 | 17.94% | |
| 1 year2.19% annualised | ₹1,20,000 | ₹1,21,433 | 1.19% | |
| 3 years17.27% annualised | ₹3,60,000 | ₹4,74,113 | 31.70% | |
| 5 years11.59% annualised | ₹6,00,000 | ₹8,15,590 | 35.93% |
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.
What is the NAV of Motilal Oswal Flexi Cap Fund?
The NAV of Motilal Oswal Flexi Cap Fund is ₹62.91 as on 24 Sep 2026.
What is the expense ratio of Motilal Oswal Flexi Cap Fund?
The expense ratio of Motilal Oswal Flexi Cap Fund is 2.15% per year.
What is the minimum SIP amount for Motilal Oswal Flexi Cap Fund?
You can start a SIP in Motilal Oswal Flexi Cap Fund with ₹3,000 a month.
What returns has Motilal Oswal Flexi Cap Fund given?
Motilal Oswal Flexi Cap Fund has returned 12.8% over 1 year, 9.6% over 3 years and 14.9% over 5 years (annualised).
Is there a lock-in or exit load on Motilal Oswal Flexi Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 365 days..
How risky is Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund is managed by Motilal Oswal Mutual Fund, which runs 55 schemes with ₹1,53,489 Cr under management.