Motilal Oswal Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹64.05+0.41%1 day
- Return since launch
- 16.0%
- 52-week range
- ₹51.02 — ₹65.07
- AUM
- ₹13,446 Cr
Motilal Oswal Flexi Cap Fund is a Flexi Cap equity fund from Motilal Oswal Mutual Fund with ₹13,446 Cr under management, launched in 2014. Over three years it has returned 9.0% a year, against 12.4% for its category. The expense ratio is 2.01% 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 +3.2% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 15.3% | +12.5 pts | 2.8% | 6.2% |
| 2Y | 7.3% | +0.9 pts | 6.4% | 4.0% |
| 3Y | 9.0% | −3.4 pts | 12.4% | 4.8% |
| 5Y | 14.7% | +4.8 pts | 9.9% | 9.5% |
| 7Y | 14.7% | +1.3 pts | 13.5% | 11.9% |
| 10Y | 12.9% | −0.4 pts | 13.3% | 11.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.1% | −2.7 pts | 5.8% | 5.9% |
| 3M | 0.8% | +1.4 pts | -0.5% | -0.7% |
| 6M | 13.5% | +7.4 pts | 6.0% | 5.4% |
| 1Y | 4.0% | +1.2 pts | 2.8% | -0.3% |
| 2Y | 3.6% | +0.3 pts | 3.3% | 1.6% |
| 3Y | 16.6% | +4.2 pts | 12.4% | 10.9% |
| 5Y | 12.4% | +2.5 pts | 9.9% | 8.7% |
| 7Y | 13.3% | −1.3 pts | 14.6% | 12.6% |
| 10Y | 12.1% | −1.2 pts | 13.3% | 11.4% |
Since launch (7 Apr 2014): 16.0%
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
1.97%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.44%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.44%
- 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 | 5.65 | 5.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.60 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.90 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.06 | 16.88 | 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 30 Sep 2026
Asset allocation
- Equity96.7%
- Other3.3%
Market cap split
- Large34.3%
- Mid33.5%
- Small32.2%
- P/E
- 40.94
- P/B
- 4.92
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 8.23% | ₹1,106 Cr | +6.63% | +7.33% | +7.54% |
| Eternal Ltd. | Services | 6.54% | ₹880 Cr | +5.47% | +5.48% | +9.61% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 5.65% | ₹760 Cr | +6.66% | +6.78% | +6.83% |
| Sterlite Technologies Ltd. | Communication | 4.43% | ₹596 Cr | +2.92% | — | — |
| Coforge Ltd. | Technology | 4.36% | ₹586 Cr | +4.72% | +5.78% | +9.39% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 3.97% | ₹534 Cr | — | — | — |
| Aditya Infotech Ltd. | Communication | 3.86% | ₹519 Cr | +3.29% | — | — |
| Shriram Finance Ltd | Financial | 3.82% | ₹513 Cr | +4.41% | +3.27% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.77% | ₹507 Cr | +3.28% | +3.32% | — |
| Others | Others | 3.26% | ₹437 Cr | +2.59% | +3.59% | +3.54% |
| Ather Energy Ltd. | Automobile | 3.20% | ₹430 Cr | +4.29% | +3.36% | — |
| RBL Bank Ltd. | Financial | 3.16% | ₹424 Cr | +1.97% | — | — |
| Persistent Systems Ltd. | Technology | 3.09% | ₹416 Cr | +3.12% | +5.36% | +8.90% |
| Indusind Bank Ltd. | Financial | 3.05% | ₹410 Cr | +3.59% | +2.84% | — |
| Waaree Energies Ltd. | Energy | 3.00% | ₹404 Cr | +3.77% | +4.42% | — |
| Siemens Ltd. | Capital Goods | 2.77% | ₹373 Cr | +2.71% | +0.31% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 2.71% | ₹364 Cr | +2.86% | +0.78% | — |
| Acutaas Chemicals Ltd. | Healthcare | 2.65% | ₹356 Cr | +1.39% | — | — |
| Lalithaa Jewellery Mart Ltd. | Consumer Discretionary | 2.50% | ₹336 Cr | — | — | — |
| Ola Electric Mobility Ltd. | Automobile | 2.50% | ₹336 Cr | +2.45% | — | — |
| HDFC Asset Management Company Ltd. | Financial | 2.45% | ₹329 Cr | +2.88% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 2.43% | ₹327 Cr | +3.51% | — | — |
| Ashok Leyland Ltd. | Automobile | 2.29% | ₹308 Cr | +2.48% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 2.23% | ₹299 Cr | +2.54% | +2.82% | — |
| PG Electroplast Ltd. | Capital Goods | 2.17% | ₹292 Cr | +2.50% | +2.31% | +1.30% |
| Muthoot Finance Ltd. | Financial | 2.12% | ₹286 Cr | +1.46% | — | — |
| Polycab India Ltd. | Capital Goods | 2.04% | ₹274 Cr | +3.13% | +2.45% | -0.23% |
| Piramal Finance Ltd. | Financial | 1.82% | ₹245 Cr | +2.64% | +2.76% | — |
| Suzlon Energy Ltd. | Capital Goods | 1.79% | ₹241 Cr | +2.70% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.69% | ₹228 Cr | +3.30% | +3.21% | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.45% | ₹195 Cr | +1.55% | — | — |
| Premier Energies Ltd. | Energy | 1.00% | ₹135 Cr | +1.13% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Lalithaa Jewellery Mart Ltd. | 0.00% | 2.50% | +2.50% |
| Interglobe Aviation Ltd. | 1.73% | 0.00% | -1.73% |
| Ather Energy Ltd. | 4.73% | 3.20% | -1.53% |
| Sterlite Technologies Ltd. | 3.37% | 4.43% | +1.06% |
| RBL Bank Ltd. | 2.29% | 3.16% | +0.87% |
| Aditya Infotech Ltd. | 3.40% | 3.86% | +0.46% |
| Coforge Ltd. | 4.70% | 4.36% | -0.34% |
| Diamond Power Infrastructure Ltd. | 3.70% | 3.97% | +0.27% |
| Shriram Finance Ltd | 4.09% | 3.82% | -0.27% |
| PG Electroplast Ltd. | 2.43% | 2.17% | -0.26% |
| Kalyan Jewellers India Ltd. | 8.49% | 8.23% | -0.26% |
| Suzlon Energy Ltd. | 2.04% | 1.79% | -0.25% |
| Polycab India Ltd. | 2.28% | 2.04% | -0.24% |
| Acutaas Chemicals Ltd. | 2.42% | 2.65% | +0.23% |
| Indusind Bank Ltd. | 3.27% | 3.05% | -0.22% |
| HDFC Asset Management Company Ltd. | 2.67% | 2.45% | -0.22% |
| Ashok Leyland Ltd. | 2.48% | 2.29% | -0.19% |
| Eternal Ltd. | 6.37% | 6.54% | +0.17% |
| Ola Electric Mobility Ltd. | 2.64% | 2.50% | -0.14% |
| Onesource Specialty Pharma Ltd. | 2.57% | 2.71% | +0.14% |
| Premier Energies Ltd. | 1.14% | 1.00% | -0.14% |
| Piramal Finance Ltd. | 1.95% | 1.82% | -0.13% |
| Waaree Energies Ltd. | 3.13% | 3.00% | -0.13% |
| CG Power and Industrial Solutions Ltd. | 5.76% | 5.65% | -0.11% |
| ICICI Prudential Asset Management Company Ltd. | 1.35% | 1.45% | +0.10% |
| Multi Commodity Exchange Of India Ltd. | 3.69% | 3.77% | +0.08% |
| Siemens Ltd. | 2.85% | 2.77% | -0.08% |
| Others | 0.54% | 0.62% | +0.08% |
| Muthoot Finance Ltd. | 2.19% | 2.12% | -0.07% |
| Apollo Hospitals Enterprise Ltd. | 1.75% | 1.69% | -0.06% |
| Bharat Electronics Ltd. | 2.26% | 2.23% | -0.03% |
| Persistent Systems Ltd. | 3.11% | 3.09% | -0.02% |
| Samvardhana Motherson International Ltd. | 2.41% | 2.43% | +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 | ₹29,690 Cr | 2.02% | 15.2% | 10.4% | 15.3% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.6% | 9.6% | 15.2% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.3% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,137 Cr | 2.29% | 13.9% | 9.8% | 15.4% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 21.0% | 12.6% | — |
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 months13.46% absolute | ₹60,000 | ₹68,076 | 13.46% | |
| 1 year3.95% annualised | ₹1,20,000 | ₹1,22,599 | 2.17% | |
| 3 years16.61% annualised | ₹3,60,000 | ₹4,68,996 | 30.28% | |
| 5 years12.38% annualised | ₹6,00,000 | ₹8,33,575 | 38.93% |
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 ₹64.05 as on 9 Nov 2026.
What is the expense ratio of Motilal Oswal Flexi Cap Fund?
The expense ratio of Motilal Oswal Flexi Cap Fund is 2.01% 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 15.3% over 1 year, 9.0% over 3 years and 14.7% 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 57 schemes with ₹1,70,273 Cr under management.