Motilal Oswal Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹101.19-2.73%1 day
- Return since launch
- 20.4%
- 52-week range
- ₹80.70 — ₹106.81
- AUM
- ₹42,852 Cr
Motilal Oswal Midcap Fund is a Mid Cap equity fund from Motilal Oswal Mutual Fund with ₹42,852 Cr under management, launched in 2014. Over three years it has returned 7.8% a year, against 15.7% for its category. The expense ratio is 1.68% 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 +1.4% against +7.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.7% | +2.6 pts | 8.1% | 6.1% |
| 2Y | 3.0% | −4.1 pts | 7.1% | 6.2% |
| 3Y | 7.6% | −8.0 pts | 15.6% | 8.3% |
| 5Y | 16.6% | +2.5 pts | 14.1% | 14.0% |
| 7Y | 21.6% | +3.3 pts | 18.3% | 17.3% |
| 10Y | 19.2% | +4.1 pts | 15.1% | 15.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.9% | −0.8 pts | -4.0% | -4.3% |
| 3M | 8.1% | +7.4 pts | 0.6% | 0.1% |
| 6M | 21.6% | +6.3 pts | 15.3% | 13.8% |
| 1Y | 1.4% | −6.7 pts | 8.1% | 6.7% |
| 2Y | -2.8% | −3.5 pts | 0.8% | 0.2% |
| 3Y | 17.3% | +1.7 pts | 15.6% | 14.2% |
| 5Y | 19.3% | +5.2 pts | 14.1% | 13.3% |
| 7Y | 21.4% | +1.8 pts | 19.6% | 18.1% |
| 10Y | 15.8% | +0.7 pts | 15.1% | 13.8% |
Since launch (3 Feb 2014): 20.4%
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
1.63%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.28%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- 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 | 2.87 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.70 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.93 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 20.53 | 18.53 | 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 31 Aug 2026
Asset allocation
- Equity96.4%
- Other3.6%
Market cap split
- Large25.3%
- Mid70.8%
- Small4.0%
- P/E
- 48.53
- P/B
- 5.80
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One97 Communications Ltd. | Services | 9.07% | ₹3,886 Cr | +7.29% | +7.64% | +8.68% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 8.13% | ₹3,486 Cr | +5.98% | +7.48% | +8.70% |
| Eternal Ltd. | Services | 6.46% | ₹2,769 Cr | +5.80% | +6.40% | +9.03% |
| Coforge Ltd. | Technology | 5.79% | ₹2,479 Cr | +6.12% | +6.09% | +9.79% |
| Kei Industries Ltd. | Capital Goods | 5.16% | ₹2,210 Cr | +5.82% | +6.28% | +4.11% |
| Aditya Birla Capital Ltd. | Financial | 4.87% | ₹2,088 Cr | +5.23% | +5.67% | +3.20% |
| Persistent Systems Ltd. | Technology | 4.41% | ₹1,888 Cr | +5.74% | +6.20% | +8.39% |
| Shriram Finance Ltd | Financial | 3.66% | ₹1,568 Cr | +3.24% | +3.04% | — |
| Others | Others | 3.62% | ₹1,559 Cr | +13.26% | +9.91% | +1.66% |
| Dixon Technologies (India) Ltd. | Capital Goods | 3.44% | ₹1,474 Cr | +3.58% | +4.29% | +10.08% |
| Billionbrains Garage Ventures Ltd. | Financial | 3.43% | ₹1,471 Cr | +4.29% | +3.07% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.43% | ₹1,468 Cr | +4.22% | +3.85% | — |
| Sterlite Technologies Ltd. | Communication | 3.30% | ₹1,415 Cr | — | — | — |
| PB Fintech Ltd. | Services | 2.85% | ₹1,221 Cr | +2.52% | +1.83% | +0.01% |
| Tube Investments Of India Ltd. | Automobile | 2.67% | ₹1,143 Cr | +3.66% | +3.18% | +2.98% |
| L&T Finance Ltd. | Financial | 2.40% | ₹1,027 Cr | +2.63% | +3.37% | — |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 2.39% | ₹1,022 Cr | +2.48% | +0.64% | — |
| Prestige Estates Projects Ltd. | Construction | 2.37% | ₹1,017 Cr | +2.81% | +3.28% | +2.58% |
| Bharti Hexacom Ltd. | Communication | 2.27% | ₹973 Cr | +3.08% | +3.58% | +3.34% |
| company:20312 | Consumer Discretionary | 2.26% | ₹967 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 2.21% | ₹948 Cr | +1.63% | — | — |
| Suzlon Energy Ltd. | Capital Goods | 2.16% | ₹926 Cr | +2.01% | — | — |
| IDFC First Bank Ltd. | Financial | 2.13% | ₹913 Cr | +1.47% | +1.53% | — |
| Premier Energies Ltd. | Energy | 2.03% | ₹869 Cr | +2.13% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.90% | ₹812 Cr | +2.26% | +2.60% | — |
| BSE Ltd. | Services | 1.76% | ₹755 Cr | +3.98% | +2.83% | — |
| Interglobe Aviation Ltd. | Services | 1.73% | ₹740 Cr | — | — | — |
| Waaree Energies Ltd. | Energy | 1.48% | ₹633 Cr | +1.98% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.29% | ₹553 Cr | +2.46% | +1.70% | +3.21% |
| Adani Enterprises Ltd. | Services | 0.81% | ₹346 Cr | — | — | — |
| Physicswallah Ltd. | Services | 0.52% | ₹225 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20312 | 0.00% | 2.26% | +2.26% |
| One97 Communications Ltd. | 8.08% | 9.07% | +0.99% |
| BSE Ltd. | 2.73% | 1.76% | -0.97% |
| Max Healthcare Institute Ltd. | 2.20% | 1.29% | -0.91% |
| Kalyan Jewellers India Ltd. | 8.87% | 8.13% | -0.74% |
| PB Fintech Ltd. | 2.16% | 2.85% | +0.69% |
| Billionbrains Garage Ventures Ltd. | 4.08% | 3.43% | -0.65% |
| Sterlite Technologies Ltd. | 2.66% | 3.30% | +0.64% |
| Multi Commodity Exchange Of India Ltd. | 2.90% | 3.43% | +0.53% |
| ICICI Prudential Asset Management Company Ltd. | 1.98% | 2.39% | +0.41% |
| Kei Industries Ltd. | 4.81% | 5.16% | +0.35% |
| Persistent Systems Ltd. | 4.75% | 4.41% | -0.34% |
| Aditya Birla Capital Ltd. | 5.20% | 4.87% | -0.33% |
| Others | 0.32% | 0.63% | +0.31% |
| Bharti Hexacom Ltd. | 2.55% | 2.27% | -0.28% |
| Coforge Ltd. | 5.58% | 5.79% | +0.21% |
| Prestige Estates Projects Ltd. | 2.58% | 2.37% | -0.21% |
| Suzlon Energy Ltd. | 2.34% | 2.16% | -0.18% |
| Tube Investments Of India Ltd. | 2.83% | 2.67% | -0.16% |
| L&T Finance Ltd. | 2.55% | 2.40% | -0.15% |
| Waaree Energies Ltd. | 1.63% | 1.48% | -0.15% |
| IDFC First Bank Ltd. | 2.25% | 2.13% | -0.12% |
| Premier Energies Ltd. | 2.15% | 2.03% | -0.12% |
| Samvardhana Motherson International Ltd. | 2.09% | 2.21% | +0.12% |
| Interglobe Aviation Ltd. | 1.83% | 1.73% | -0.10% |
| Adani Enterprises Ltd. | 0.91% | 0.81% | -0.10% |
| Eternal Ltd. | 6.37% | 6.46% | +0.09% |
| Shriram Finance Ltd | 3.75% | 3.66% | -0.09% |
| Physicswallah Ltd. | 0.60% | 0.52% | -0.08% |
| AU Small Finance Bank Ltd. | 0.06% | 0.00% | -0.06% |
| Dixon Technologies (India) Ltd. | 3.48% | 3.44% | -0.04% |
| Bharat Electronics Ltd. | 1.90% | 1.90% | 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 | ₹13,775 Cr | 2.01% | 12.4% | 14.1% | 18.9% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.87% | 5.2% | 10.6% | 17.1% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 20.9% | 16.6% | 20.4% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 12.3% | 15.2% | 20.0% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.84% | 10.0% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.9% | 14.3% | — |
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 months18.93% absolute | ₹60,000 | ₹71,358 | 18.93% | |
| 1 year−0.64% annualised | ₹1,20,000 | ₹1,19,585 | −0.35% | |
| 3 years17.58% annualised | ₹3,60,000 | ₹4,76,539 | 32.37% | |
| 5 years19.34% annualised | ₹6,00,000 | ₹10,14,967 | 69.16% |
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 ₹101.19 as on 24 Sep 2026.
What is the expense ratio of Motilal Oswal Midcap Fund?
The expense ratio of Motilal Oswal Midcap Fund is 1.68% 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 10.1% over 1 year, 7.8% over 3 years and 16.7% 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 55 schemes with ₹1,53,489 Cr under management.