Motilal Oswal Manufacturing Fund
- NAV as on 6 Nov 2026
- ₹11.45-0.45%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹9.83 — ₹11.90
- AUM
- ₹669 Cr
Motilal Oswal Manufacturing Fund is a Thematic-Manufacturing equity fund from Motilal Oswal Mutual Fund with ₹669 Cr under management, launched in 2024. The expense ratio is 3.21% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Manufacturing Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.3% against +3.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.2% | −1.3 pts | 7.5% | 5.4% |
| 2Y | 4.9% | −4.8 pts | 9.7% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | −0.9 pts | 1.2% | 4.4% |
| 3M | -2.4% | +1.7 pts | -4.1% | -4.7% |
| 6M | 0.1% | −0.8 pts | 1.0% | 0.4% |
| 1Y | 0.3% | −7.2 pts | 7.5% | 3.1% |
| 2Y | 2.0% | −2.7 pts | 4.6% | 3.4% |
Since launch (19 Jul 2024): 5.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -5.1% | −10.4 pts | 5.3% |
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
3.13%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.21%
- Transaction charges
- 0.02%
- Statutory levies
- 0.85%
- Exit load
- Exit load of 1%, if redeemed within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty India Manufacturing 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 Manufacturing Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.5%
- Other4.5%
Market cap split
- Large43.5%
- Mid25.7%
- Small30.9%
- P/E
- 51.24
- P/B
- 8.32
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Solar Industries India Ltd. | Chemicals | 7.13% | ₹47.64 Cr | +4.04% | — | — |
| ABB India Ltd. | Capital Goods | 5.63% | ₹37.66 Cr | +5.53% | +3.97% | — |
| Bosch Ltd. | Automobile | 5.12% | ₹34.24 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 4.93% | ₹32.94 Cr | +5.71% | +3.47% | +3.05% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.55% | ₹30.39 Cr | +4.96% | +6.19% | — |
| Others | Others | 4.50% | ₹30.08 Cr | +7.30% | +2.70% | +8.20% |
| UNO Minda Ltd. | Automobile | 4.41% | ₹29.49 Cr | +2.88% | +3.77% | +3.12% |
| Garware Hi-Tech Films Ltd. | Materials | 4.13% | ₹27.59 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 4.03% | ₹26.95 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 4.00% | ₹26.75 Cr | — | — | +2.85% |
| Karamtara Engineering Ltd. | Energy | 3.72% | ₹24.90 Cr | — | — | — |
| TD Power Systems Ltd. | Capital Goods | 3.19% | ₹21.31 Cr | +3.94% | — | — |
| Azad Engineering Ltd. | Capital Goods | 3.16% | ₹21.12 Cr | +4.40% | +3.41% | +2.98% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.93% | ₹19.59 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 2.82% | ₹18.87 Cr | +5.19% | — | — |
| TVS Motor Company Ltd. | Automobile | 2.81% | ₹18.81 Cr | +2.30% | +2.10% | +3.05% |
| Mankind Pharma Ltd. | Healthcare | 2.49% | ₹16.66 Cr | — | — | — |
| Blue Star Ltd. | Consumer Discretionary | 2.45% | ₹16.39 Cr | — | +2.71% | — |
| Titan Company Ltd. | Consumer Discretionary | 2.43% | ₹16.28 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 2.41% | ₹16.09 Cr | +3.91% | +2.19% | — |
| Belrise Industries Ltd. | Automobile | 2.16% | ₹14.42 Cr | — | — | — |
| Kaynes Technology India Ltd. | Capital Goods | 2.15% | ₹14.40 Cr | — | — | +3.22% |
| Orient Cables (India) Ltd. | Capital Goods | 2.09% | ₹14.00 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.00% | ₹13.37 Cr | — | — | — |
| Central Mine Planning & Design Institute Ltd. | Materials | 1.91% | ₹12.77 Cr | — | — | — |
| Suzlon Energy Ltd. | Capital Goods | 1.91% | ₹12.79 Cr | +2.77% | — | +3.15% |
| Pidilite Industries Ltd. | Chemicals | 1.89% | ₹12.62 Cr | +2.90% | — | — |
| PG Electroplast Ltd. | Capital Goods | 1.88% | ₹12.55 Cr | — | +2.69% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.86% | ₹12.44 Cr | — | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.74% | ₹11.64 Cr | +4.98% | — | — |
| Kei Industries Ltd. | Capital Goods | 1.59% | ₹10.60 Cr | +3.39% | +4.22% | — |
| Ola Electric Mobility Ltd. | Automobile | 1.48% | ₹9.90 Cr | — | — | +3.09% |
| Spectrum Electrical Industries Ltd. | Capital Goods | 0.41% | ₹2.73 Cr | — | — | — |
| ESDS Software Solution Ltd. | Technology | 0.09% | ₹0.62 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 8.19% | 1.48% | -6.71% |
| Dixon Technologies (India) Ltd. | 4.28% | 0.00% | -4.28% |
| Karamtara Engineering Ltd. | 0.00% | 3.72% | +3.72% |
| Mankind Pharma Ltd. | 0.00% | 2.49% | +2.49% |
| Blue Star Ltd. | 0.00% | 2.45% | +2.45% |
| Bajaj Auto Ltd. | 4.80% | 2.41% | -2.39% |
| Schneider Electric Infrastructure Ltd. | 4.02% | 1.74% | -2.28% |
| Orient Cables (India) Ltd. | 0.00% | 2.09% | +2.09% |
| Divi's Laboratories Ltd. | 1.98% | 4.03% | +2.05% |
| Hindustan Aeronautics Ltd. | 0.00% | 1.86% | +1.86% |
| JIO Financial Services Ltd. | 1.85% | 0.00% | -1.85% |
| Ola Electric Mobility Ltd. | 0.00% | 1.48% | +1.48% |
| Pidilite Industries Ltd. | 3.18% | 1.89% | -1.29% |
| Samvardhana Motherson International Ltd. | 4.25% | 4.93% | +0.68% |
| Azad Engineering Ltd. | 3.68% | 3.16% | -0.52% |
| Titan Company Ltd. | 1.93% | 2.43% | +0.50% |
| ABB India Ltd. | 6.07% | 5.63% | -0.44% |
| Spectrum Electrical Industries Ltd. | 0.00% | 0.41% | +0.41% |
| Kei Industries Ltd. | 1.95% | 1.59% | -0.36% |
| Suzlon Energy Ltd. | 2.20% | 1.91% | -0.29% |
| PG Electroplast Ltd. | 2.11% | 1.88% | -0.23% |
| Sun Pharmaceutical Industries Ltd. | 4.75% | 4.55% | -0.20% |
| UNO Minda Ltd. | 4.60% | 4.41% | -0.19% |
| Solar Industries India Ltd. | 6.95% | 7.13% | +0.18% |
| Belrise Industries Ltd. | 1.99% | 2.16% | +0.17% |
| Garware Hi-Tech Films Ltd. | 4.01% | 4.13% | +0.12% |
| Central Mine Planning & Design Institute Ltd. | 2.01% | 1.91% | -0.10% |
| ESDS Software Solution Ltd. | 0.00% | 0.09% | +0.09% |
| company:20133 | 0.08% | 0.00% | -0.08% |
| Bosch Ltd. | 5.19% | 5.12% | -0.07% |
| APL Apollo Tubes Ltd. | 1.94% | 2.00% | +0.06% |
| TVS Motor Company Ltd. | 2.84% | 2.81% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 2.96% | 2.93% | -0.03% |
| Anthem Biosciences Ltd. | 3.98% | 4.00% | +0.02% |
| Kaynes Technology India Ltd. | 2.17% | 2.15% | -0.02% |
| Navin Fluorine International Ltd. | 2.84% | 2.82% | -0.02% |
| TD Power Systems Ltd. | 3.20% | 3.19% | -0.01% |
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 | ₹2,328 Cr | 1.61% | 8.9% | 10.4% | 16.3% |
 ICICI Prudential Manufacturing Fund | ₹6,918 Cr | 2.08% | 5.5% | 8.4% | 16.3% |
 Kotak Manufacture in India Fund | ₹3,132 Cr | 2.07% | 15.3% | 13.2% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,386 Cr | 2.32% | 15.9% | 13.5% | 16.4% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 3.5% | 8.4% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 4.2% | 8.6% | — |
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 predominantly investing in equity and equity related instruments of companies engaged in the manufacturing activity.
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.
- 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
- Bhalchandra ShindeMr. Shinde has done M.M.S Finance & B.E. MechanicalPrior to joining Motilal Oswal Mutual Fund, he was working with Kotak Mahindra Life Insurance and Max Life Insurance and Centrum Broking
- 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.
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 months0.13% absolute | ₹60,000 | ₹60,078 | 0.13% | |
| 1 year0.31% annualised | ₹1,20,000 | ₹1,20,202 | 0.17% |
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.