Motilal Oswal Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹102.92+0.08%1 day
- Return since launch
- 20.1%
- 52-week range
- ₹80.70 — ₹106.81
- AUM
- ₹40,208 Cr
Motilal Oswal Midcap Fund is a Mid Cap equity fund from Motilal Oswal Mutual Fund with ₹40,208 Cr under management, launched in 2014. Over three years it has returned 7.1% a year, against 14.8% for its category. The expense ratio is 1.62% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.1% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 13.2% | +9.6 pts | 3.6% | 3.6% |
| 2Y | 4.6% | −1.7 pts | 6.3% | 5.2% |
| 3Y | 7.1% | −7.7 pts | 14.8% | 6.6% |
| 5Y | 16.0% | +3.2 pts | 12.8% | 12.7% |
| 7Y | 21.2% | +3.8 pts | 17.3% | 16.2% |
| 10Y | 19.2% | +4.0 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.0% | +0.2 pts | 2.8% | 2.5% |
| 3M | -0.6% | +2.8 pts | -3.4% | -4.2% |
| 6M | 11.2% | +8.9 pts | 2.3% | 0.9% |
| 1Y | 0.6% | −2.9 pts | 3.6% | 2.1% |
| 2Y | -0.9% | −4.8 pts | 3.9% | 3.4% |
| 3Y | 16.7% | +1.9 pts | 14.8% | 13.6% |
| 5Y | 17.5% | +4.7 pts | 12.8% | 11.9% |
| 7Y | 21.6% | +2.3 pts | 19.3% | 17.8% |
| 10Y | 16.2% | +1.1 pts | 15.1% | 13.8% |
Since launch (3 Feb 2014): 20.1%
Calendar-year returns
Category average9.3%
55.8%
10.7%
41.7%
56.6%
-12.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -12.1% | −15.2 pts | 3.1% |
| 2024 | 56.6% | +26.2 pts | 30.3% |
| 2023 | 41.7% | +3.0 pts | 38.7% |
| 2022 | 10.7% | +7.0 pts | 3.8% |
| 2021 | 55.8% | +10.0 pts | 45.8% |
| 2020 | 9.3% | −16.2 pts | 25.5% |
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
1.60%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.28%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.28%
- 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 Midcap 150 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 | 2.70 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.99 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.54 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.77 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.26 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Motilal Oswal Midcap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.8%
- Other5.2%
Market cap split
- Large26.1%
- Mid68.6%
- Small5.3%
- P/E
- 45.19
- P/B
- 5.44
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 8.64% | ₹3,475 Cr | +7.34% | +7.34% | +8.09% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 7.98% | ₹3,208 Cr | +6.34% | +7.44% | +7.84% |
| Eternal Ltd. | Services | 6.72% | ₹2,700 Cr | +5.96% | +6.22% | +9.37% |
| Coforge Ltd. | Technology | 5.43% | ₹2,184 Cr | +6.04% | +6.13% | +9.04% |
| Others | Others | 5.19% | ₹2,085 Cr | +4.09% | +1.31% | +13.67% |
| Aditya Birla Capital Ltd. | Financial | 4.64% | ₹1,865 Cr | +5.49% | +5.03% | +3.15% |
| Persistent Systems Ltd. | Technology | 4.43% | ₹1,782 Cr | +4.59% | +6.33% | +8.33% |
| Sterlite Technologies Ltd. | Communication | 4.40% | ₹1,768 Cr | +0.91% | — | — |
| Kei Industries Ltd. | Capital Goods | 4.27% | ₹1,715 Cr | +5.61% | +5.24% | +4.68% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.74% | ₹1,505 Cr | +3.48% | +4.09% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 3.50% | ₹1,409 Cr | +4.56% | +4.20% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 3.43% | ₹1,378 Cr | +3.26% | +3.53% | +9.57% |
| Shriram Finance Ltd | Financial | 3.40% | ₹1,369 Cr | +3.78% | +3.24% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.94% | ₹1,184 Cr | — | — | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 2.60% | ₹1,046 Cr | +2.25% | +1.41% | — |
| Tube Investments Of India Ltd. | Automobile | 2.43% | ₹976 Cr | +3.44% | +3.35% | +3.12% |
| IDFC First Bank Ltd. | Financial | 2.40% | ₹965 Cr | +2.25% | +1.33% | — |
| Samvardhana Motherson International Ltd. | Automobile | 2.26% | ₹907 Cr | +2.20% | — | — |
| Bharti Hexacom Ltd. | Communication | 2.23% | ₹897 Cr | +2.97% | +3.64% | +3.22% |
| Prestige Estates Projects Ltd. | Construction | 2.20% | ₹884 Cr | +3.10% | +3.05% | +2.39% |
| L&T Finance Ltd. | Financial | 2.11% | ₹848 Cr | +2.77% | -0.01% | — |
| Suzlon Energy Ltd. | Capital Goods | 1.91% | ₹770 Cr | +2.47% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.89% | ₹761 Cr | +2.21% | +2.81% | — |
| Premier Energies Ltd. | Energy | 1.82% | ₹730 Cr | +2.19% | +1.07% | — |
| BSE Ltd. | Services | 1.75% | ₹702 Cr | +3.61% | +3.25% | — |
| Interglobe Aviation Ltd. | Services | 1.75% | ₹705 Cr | +1.68% | — | — |
| PB Fintech Ltd. | Services | 1.72% | ₹693 Cr | +2.35% | +1.92% | — |
| Waaree Energies Ltd. | Energy | 1.43% | ₹577 Cr | +1.91% | +1.09% | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.33% | ₹533 Cr | +2.80% | +2.06% | +1.69% |
| Adani Enterprises Ltd. | Services | 0.87% | ₹351 Cr | — | — | — |
| Physicswallah Ltd. | Services | 0.59% | ₹239 Cr | +0.57% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| PB Fintech Ltd. | 2.85% | 1.72% | -1.13% |
| Sterlite Technologies Ltd. | 3.30% | 4.40% | +1.10% |
| Kei Industries Ltd. | 5.16% | 4.27% | -0.89% |
| Lenskart Solutions Ltd. | 2.26% | 2.94% | +0.68% |
| One 97 Communications Ltd. | 9.07% | 8.64% | -0.43% |
| Coforge Ltd. | 5.79% | 5.43% | -0.36% |
| Multi Commodity Exchange Of India Ltd. | 3.43% | 3.74% | +0.31% |
| L&T Finance Ltd. | 2.40% | 2.11% | -0.29% |
| IDFC First Bank Ltd. | 2.13% | 2.40% | +0.27% |
| Shriram Finance Ltd | 3.66% | 3.40% | -0.26% |
| Others | 0.63% | 0.37% | -0.26% |
| Eternal Ltd. | 6.46% | 6.72% | +0.26% |
| Suzlon Energy Ltd. | 2.16% | 1.91% | -0.25% |
| Tube Investments Of India Ltd. | 2.67% | 2.43% | -0.24% |
| Aditya Birla Capital Ltd. | 4.87% | 4.64% | -0.23% |
| ICICI Prudential Asset Management Company Ltd. | 2.39% | 2.60% | +0.21% |
| Premier Energies Ltd. | 2.03% | 1.82% | -0.21% |
| Prestige Estates Projects Ltd. | 2.37% | 2.20% | -0.17% |
| Kalyan Jewellers India Ltd. | 8.13% | 7.98% | -0.15% |
| Physicswallah Ltd. | 0.52% | 0.59% | +0.07% |
| Billionbrains Garage Ventures Ltd. | 3.43% | 3.50% | +0.07% |
| Adani Enterprises Ltd. | 0.81% | 0.87% | +0.06% |
| Waaree Energies Ltd. | 1.48% | 1.43% | -0.05% |
| Samvardhana Motherson International Ltd. | 2.21% | 2.26% | +0.05% |
| Bharti Hexacom Ltd. | 2.27% | 2.23% | -0.04% |
| Max Healthcare Institute Ltd. | 1.29% | 1.33% | +0.04% |
| Interglobe Aviation Ltd. | 1.73% | 1.75% | +0.02% |
| Persistent Systems Ltd. | 4.41% | 4.43% | +0.02% |
| BSE Ltd. | 1.76% | 1.75% | -0.01% |
| Bharat Electronics Ltd. | 1.90% | 1.89% | -0.01% |
| Dixon Technologies (India) Ltd. | 3.44% | 3.43% | -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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
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 investing in quality mid-cap companies having long-term competitive advantages and potential for growth.
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 months11.20% absolute | ₹60,000 | ₹66,720 | 11.20% | |
| 1 year0.63% annualised | ₹1,20,000 | ₹1,20,410 | 0.34% | |
| 3 years16.67% annualised | ₹3,60,000 | ₹4,69,459 | 30.41% | |
| 5 years17.48% annualised | ₹6,00,000 | ₹9,62,155 | 60.36% |
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 Midcap Fund?
The NAV of Motilal Oswal Midcap Fund is ₹102.92 as on 9 Nov 2026.
What is the expense ratio of Motilal Oswal Midcap Fund?
The expense ratio of Motilal Oswal Midcap Fund is 1.62% per year.
What is the minimum SIP amount for Motilal Oswal Midcap Fund?
You can start a SIP in Motilal Oswal Midcap Fund with ₹3,000 a month.
What returns has Motilal Oswal Midcap Fund given?
Motilal Oswal Midcap Fund has returned 13.2% over 1 year, 7.1% over 3 years and 16.0% over 5 years (annualised).
Is there a lock-in or exit load on Motilal Oswal Midcap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 365 days..
How risky is Motilal Oswal Midcap Fund?
Motilal Oswal Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Motilal Oswal Midcap Fund?
Motilal Oswal Midcap Fund is managed by Motilal Oswal Mutual Fund, which runs 57 schemes with ₹1,70,273 Cr under management.