Motilal Oswal Services Fund
- NAV as on 9 Nov 2026
- ₹11.88+0.43%1 day
- Return since launch
- 12.6%
- 52-week range
- ₹9.11 — ₹12.00
- AUM
- ₹136 Cr
Motilal Oswal Services Fund is a Thematic equity fund from Motilal Oswal Mutual Fund with ₹136 Cr under management, launched in 2025. The expense ratio is 2.66% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.6% against -5.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 18.1% | +15.8 pts | 2.3% | 2.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.4% | −4.8 pts | 6.2% | 6.4% |
| 3M | 1.4% | +2.9 pts | -1.5% | -1.9% |
| 6M | 11.7% | +8.0 pts | 3.8% | 1.9% |
| 1Y | 9.9% | +7.6 pts | 2.3% | -4.9% |
Since launch (20 May 2025): 12.6%
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
2.65%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.45%
- 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 Services Sector 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 Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.0%
- Other3.0%
Market cap split
- Large14.1%
- Mid23.7%
- Small62.2%
- P/E
- 32.21
- P/B
- 3.99
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | Services | 6.25% | ₹8.49 Cr | +4.09% | +6.50% | +3.77% |
| Aster DM Quality Care Ltd. | Healthcare | 4.64% | ₹6.30 Cr | +7.41% | +7.85% | +4.11% |
| Aditya Birla Capital Ltd. | Financial | 4.57% | ₹6.21 Cr | +5.34% | +6.13% | +3.38% |
| Spectrum Electrical Industries Ltd. | Capital Goods | 4.43% | ₹6.02 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 4.41% | ₹5.99 Cr | +5.32% | +4.30% | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 4.30% | ₹5.84 Cr | +5.66% | — | — |
| Meesho Ltd. | Services | 4.18% | ₹5.68 Cr | +2.07% | +1.87% | — |
| Raymond Ltd. | Textiles | 4.01% | ₹5.45 Cr | — | — | — |
| Shadowfax Technologies Ltd. | Services | 3.84% | ₹5.21 Cr | +3.52% | +0.72% | — |
| Restaurant Brands Asia Ltd. | Services | 3.76% | ₹5.10 Cr | +0.98% | +0.88% | — |
| Zensar Technologies Ltd. | Technology | 3.54% | ₹4.82 Cr | +3.41% | +2.83% | +2.76% |
| BSE Ltd. | Services | 3.44% | ₹4.67 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 3.35% | ₹4.55 Cr | +4.63% | +4.82% | +4.61% |
| Physicswallah Ltd. | Services | 3.28% | ₹4.45 Cr | +3.74% | +2.39% | — |
| Lalithaa Jewellery Mart Ltd. | Consumer Discretionary | 3.26% | ₹4.43 Cr | — | — | — |
| Gland Pharma Ltd. | Healthcare | 3.14% | ₹4.26 Cr | +3.07% | — | — |
| Others | Others | 3.03% | ₹4.16 Cr | +1.20% | +5.48% | +5.18% |
| RBL Bank Ltd. | Financial | 2.69% | ₹3.65 Cr | +2.26% | — | — |
| KFin Technologies Ltd. | Financial | 2.48% | ₹3.38 Cr | — | — | +3.34% |
| DCB Bank Ltd. | Financial | 2.44% | ₹3.32 Cr | +2.53% | +2.16% | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 2.43% | ₹3.30 Cr | +2.60% | +3.11% | — |
| Crisil Ltd. | Services | 2.43% | ₹3.31 Cr | +2.53% | +1.73% | — |
| Shriram Finance Ltd | Financial | 2.41% | ₹3.27 Cr | +2.90% | +5.73% | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 2.28% | ₹3.10 Cr | +0.91% | — | — |
| Amagi Media Labs Ltd. | Technology | 2.24% | ₹3.04 Cr | +2.60% | +1.87% | — |
| Bajaj Finance Ltd. | Financial | 2.07% | ₹2.81 Cr | +2.46% | +2.43% | +3.27% |
| Hexaware Technologies Ltd. | Technology | 1.76% | ₹2.39 Cr | +6.39% | +2.29% | +2.47% |
| Acutaas Chemicals Ltd. | Healthcare | 1.55% | ₹2.11 Cr | +1.89% | — | — |
| Yatra Online Ltd. | Services | 1.54% | ₹2.09 Cr | +1.97% | +1.00% | — |
| Birlasoft Ltd. | Technology | 1.50% | ₹2.04 Cr | +1.80% | +3.84% | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.34% | ₹1.82 Cr | +4.38% | +3.18% | — |
| Mastek Ltd. | Technology | 1.14% | ₹1.55 Cr | +1.33% | +1.38% | — |
| Redington Ltd. | Services | 0.90% | ₹1.23 Cr | — | — | — |
| Nephrocare Health Services Ltd. | Healthcare | 0.69% | ₹0.93 Cr | +0.80% | — | — |
| Electronics Mart India Ltd. | Services | 0.41% | ₹0.56 Cr | — | — | — |
| Religare Enterprises Ltd. | Financial | 0.27% | ₹0.36 Cr | +1.31% | +1.21% | +2.51% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Spectrum Electrical Industries Ltd. | 0.00% | 4.43% | +4.43% |
| Raymond Ltd. | 0.00% | 4.01% | +4.01% |
| BSE Ltd. | 0.00% | 3.44% | +3.44% |
| Lalithaa Jewellery Mart Ltd. | 0.00% | 3.26% | +3.26% |
| Hexaware Technologies Ltd. | 4.09% | 1.76% | -2.33% |
| Others | 0.79% | 3.03% | +2.24% |
| Aditya Infotech Ltd. | 2.07% | 0.00% | -2.07% |
| Dixon Technologies (India) Ltd. | 1.49% | 0.00% | -1.49% |
| Healthcare Global Enterprises Ltd. | 1.47% | 0.00% | -1.47% |
| ABB India Ltd. | 1.20% | 0.00% | -1.20% |
| Meesho Ltd. | 3.01% | 4.18% | +1.17% |
| One 97 Communications Ltd. | 4.52% | 3.35% | -1.17% |
| Redington Ltd. | 0.00% | 0.90% | +0.90% |
| Religare Enterprises Ltd. | 1.07% | 0.27% | -0.80% |
| Cholamandalam Financial Holdings Ltd. | 0.79% | 0.00% | -0.79% |
| RBL Bank Ltd. | 2.11% | 2.69% | +0.58% |
| Apollo Hospitals Enterprise Ltd. | 4.94% | 4.41% | -0.53% |
| Aster DM Quality Care Ltd. | 5.17% | 4.64% | -0.53% |
| Aditya Birla Capital Ltd. | 5.05% | 4.57% | -0.48% |
| KFin Technologies Ltd. | 2.95% | 2.48% | -0.47% |
| Zensar Technologies Ltd. | 3.97% | 3.54% | -0.43% |
| Electronics Mart India Ltd. | 0.00% | 0.41% | +0.41% |
| Restaurant Brands Asia Ltd. | 4.14% | 3.76% | -0.38% |
| Shriram Finance Ltd | 2.79% | 2.41% | -0.38% |
| Aditya Birla Sun Life AMC Ltd. | 4.67% | 4.30% | -0.37% |
| Multi Commodity Exchange Of India Ltd. | 6.62% | 6.25% | -0.37% |
| Crisil Ltd. | 2.71% | 2.43% | -0.28% |
| Bajaj Finance Ltd. | 2.34% | 2.07% | -0.27% |
| DCB Bank Ltd. | 2.69% | 2.44% | -0.25% |
| The Jammu & Kashmir Bank Ltd. | 2.50% | 2.28% | -0.22% |
| Canara HSBC Life Insurance Company Ltd. | 2.63% | 2.43% | -0.20% |
| Shadowfax Technologies Ltd. | 3.64% | 3.84% | +0.20% |
| Mastek Ltd. | 1.32% | 1.14% | -0.18% |
| Birlasoft Ltd. | 1.66% | 1.50% | -0.16% |
| Yatra Online Ltd. | 1.69% | 1.54% | -0.15% |
| Amagi Media Labs Ltd. | 2.38% | 2.24% | -0.14% |
| Physicswallah Ltd. | 3.17% | 3.28% | +0.11% |
| Gland Pharma Ltd. | 3.21% | 3.14% | -0.07% |
| Nephrocare Health Services Ltd. | 0.73% | 0.69% | -0.04% |
| Acutaas Chemicals Ltd. | 1.54% | 1.55% | +0.01% |
| ICICI Prudential Asset Management Company Ltd. | 1.35% | 1.34% | -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 | ₹3,848 Cr | 2.21% | 11.8% | 11.9% | 13.1% |
 HDFC Defence Fund | ₹11,493 Cr | 1.79% | 18.8% | 20.9% | — |
 ICICI Prudential Commodities Fund | ₹3,874 Cr | 1.96% | -1.4% | 7.0% | 12.1% |
| ICICI Prudential Exports and Services Fund | ₹1,442 Cr | 2.28% | 7.3% | 7.6% | 12.9% |
 Edelweiss Recently Listed IPO Fund | ₹1,276 Cr | 2.69% | 30.6% | 15.8% | 15.8% |
 SBI Comma Fund | ₹1,156 Cr | 2.31% | 3.6% | 8.1% | 11.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long-term capital appreciation by investing in equity or equity related instruments across market capitalization of companies derive the majority of their income from business in the Services sector of the economy.
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 months11.73% absolute | ₹60,000 | ₹67,038 | 11.73% | |
| 1 year9.88% annualised | ₹1,20,000 | ₹1,26,620 | 5.52% |
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.