Motilal Oswal Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹16.94-1.02%1 day
- Return since launch
- 21.3%
- 52-week range
- ₹12.15 — ₹17.26
- AUM
- ₹8,150 Cr
Motilal Oswal Small Cap Fund is a Small Cap equity fund from Motilal Oswal Mutual Fund with ₹8,150 Cr under management, launched in 2023. The expense ratio is 1.98% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +20.9% against +11.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 34.4% | +22.4 pts | 12.0% | 21.6% |
| 2Y | 20.5% | +7.9 pts | 12.6% | 12.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.6% | −0.3 pts | -0.3% | -0.8% |
| 3M | 6.0% | +1.0 pts | 5.0% | 4.5% |
| 6M | 33.5% | +8.4 pts | 25.1% | 23.7% |
| 1Y | 20.9% | +8.9 pts | 12.0% | 11.5% |
| 2Y | 10.4% | +8.1 pts | 2.3% | 2.1% |
Since launch (5 Dec 2023): 21.3%
Calendar-year returns
Category average45.5%
-5.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -5.3% | −2.0 pts | -3.3% |
| 2024 | 45.5% | +17.3 pts | 28.2% |
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
1.92%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.52%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- 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 Smallcap 250 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.
Portfolio
Motilal Oswal Small Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity92.6%
- Other7.4%
Market cap split
- Large1.4%
- Mid9.5%
- Small89.0%
- P/E
- 33.79
- P/B
- 4.83
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.44% | ₹604 Cr | +7.28% | +5.95% | +11.42% |
| Rubicon Research Ltd. | Healthcare | 4.52% | ₹368 Cr | +3.80% | +3.26% | — |
| VA Tech Wabag Ltd. | Capital Goods | 3.98% | ₹325 Cr | +3.89% | +3.03% | +2.84% |
| CCL Products (India) Ltd. | Consumer Staples | 3.37% | ₹275 Cr | +3.58% | +4.44% | +3.56% |
| Karur Vysya Bank Ltd. | Financial | 3.29% | ₹268 Cr | +3.66% | +4.32% | +3.81% |
| Aditya Infotech Ltd. | Communication | 3.19% | ₹260 Cr | +3.84% | +3.10% | — |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 3.04% | ₹248 Cr | +3.17% | +3.18% | +3.78% |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 2.62% | ₹213 Cr | +2.33% | +2.18% | +1.56% |
| Rainbow Children's Medicare Ltd. | Healthcare | 2.40% | ₹196 Cr | +2.43% | +1.92% | +2.76% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 2.30% | ₹188 Cr | +3.33% | +2.56% | +2.33% |
| V-Mart Retail Ltd. | Services | 2.29% | ₹187 Cr | +2.12% | +2.15% | +2.23% |
| Pricol Ltd. | Automobile | 2.26% | ₹184 Cr | +2.35% | +2.62% | +1.96% |
| Campus Activewear Ltd. | Consumer Discretionary | 2.17% | ₹177 Cr | +2.70% | +2.88% | +2.79% |
| Five-Star Business Finance Ltd. | Financial | 2.16% | ₹176 Cr | +1.85% | +1.76% | +1.83% |
| Asahi India Glass Ltd. | Materials | 2.06% | ₹168 Cr | +2.31% | +2.28% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 2.06% | ₹168 Cr | +2.18% | +1.61% | +1.06% |
| Shaily Engineering Plastics Ltd. | Materials | 2.04% | ₹166 Cr | +2.98% | +2.24% | +2.88% |
| Varroc Engineering Ltd. | Automobile | 1.84% | ₹150 Cr | +1.68% | +1.85% | +1.61% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.78% | ₹145 Cr | +1.43% | +1.33% | +2.23% |
| DCB Bank Ltd. | Financial | 1.76% | ₹143 Cr | +1.44% | +1.51% | — |
| Aegis Vopak Terminals Ltd. | Energy | 1.74% | ₹142 Cr | +1.57% | +1.78% | +0.99% |
| eClerx Services Ltd. | Services | 1.74% | ₹142 Cr | +1.30% | +1.55% | +2.33% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.72% | ₹140 Cr | — | — | — |
| Apar Industries Ltd. | Consumer Staples | 1.71% | ₹139 Cr | +1.95% | +2.36% | +2.03% |
| V2 Retail Ltd. | Services | 1.71% | ₹139 Cr | +2.21% | +2.67% | +2.09% |
| Aditya Vision Ltd. | Services | 1.67% | ₹136 Cr | +2.00% | +2.06% | — |
| JM Financial Ltd. | Financial | 1.60% | ₹130 Cr | +1.75% | +1.95% | +2.06% |
| Meesho Ltd. | Services | 1.53% | ₹124 Cr | — | — | — |
| Chalet Hotels Ltd. | Services | 1.51% | ₹123 Cr | +1.50% | +1.51% | +1.65% |
| Gokaldas Exports Ltd. | Textiles | 1.50% | ₹122 Cr | +1.16% | +1.21% | +1.41% |
| Central Depository Services (India) Ltd. | Financial | 1.49% | ₹122 Cr | +1.13% | +1.28% | +1.34% |
| Gabriel India Ltd. | Automobile | 1.48% | ₹121 Cr | +2.13% | +1.92% | +1.78% |
| Hexaware Technologies Ltd. | Technology | 1.46% | ₹119 Cr | +1.27% | +0.50% | — |
| MTAR Technologies Ltd. | Capital Goods | 1.44% | ₹117 Cr | +1.79% | +1.32% | — |
| PG Electroplast Ltd. | Capital Goods | 1.35% | ₹110 Cr | +0.99% | +1.99% | — |
| Eternal Ltd. | Services | 1.33% | ₹109 Cr | +1.43% | — | — |
| City Union Bank Ltd. | Financial | 1.32% | ₹108 Cr | +1.36% | +1.70% | — |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | Chemicals | 1.25% | ₹102 Cr | +1.41% | +1.09% | +1.19% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 1.14% | ₹92.53 Cr | +0.95% | +1.14% | +1.48% |
| Shadowfax Technologies Ltd. | Services | 1.11% | ₹90.37 Cr | — | — | — |
| Kei Industries Ltd. | Capital Goods | 1.06% | ₹86.56 Cr | +1.43% | +1.94% | +1.75% |
| Lohia Corp Ltd. | Materials | 1.04% | ₹84.98 Cr | — | — | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.01% | ₹82.51 Cr | +1.25% | +1.36% | +1.54% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.01% | ₹82.67 Cr | — | — | — |
| Thirumalai Chemicals Ltd. | Chemicals | 0.98% | ₹79.95 Cr | +1.51% | +1.45% | +1.62% |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.94% | ₹76.42 Cr | +1.41% | +0.95% | — |
| Sonata Software Ltd. | Technology | 0.89% | ₹72.25 Cr | +1.01% | +1.18% | — |
| WeWork India Management Ltd. | Services | 0.80% | ₹64.82 Cr | +0.87% | +0.83% | — |
| Birlasoft Ltd. | Technology | 0.71% | ₹57.94 Cr | +0.98% | +1.37% | — |
| company:17831 | Capital Goods | 0.67% | ₹54.85 Cr | — | — | +1.25% |
| company:20823 | Healthcare | 0.59% | ₹48.09 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.57% | ₹46.51 Cr | — | — | — |
| Zensar Technologies Ltd. | Technology | 0.52% | ₹42.20 Cr | — | — | — |
| Kusumgar Ltd. | Textiles | 0.42% | ₹34.47 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 0.41% | ₹33.33 Cr | +0.62% | — | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.41% | ₹33.60 Cr | — | — | — |
| company:20772 | Consumer Staples | 0.40% | ₹32.75 Cr | — | — | — |
| Rossari Biotech Ltd. | Chemicals | 0.35% | ₹28.83 Cr | +0.65% | +0.75% | +1.28% |
| Jain Resource Recycling Ltd. | Metals & Mining | 0.33% | ₹26.51 Cr | +0.64% | +0.78% | — |
| company:16964 | Services | 0.24% | ₹19.85 Cr | — | — | — |
| P N Gadgil Jewellers Ltd. | Consumer Discretionary | 0.21% | ₹17.24 Cr | +0.80% | +0.90% | +1.22% |
| Styrenix Performance Materials Ltd. | Chemicals | 0.07% | ₹5.81 Cr | +0.47% | +1.91% | +2.58% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| KEC International Ltd. | 1.31% | 0.00% | -1.31% |
| Triveni Turbine Ltd. | 1.28% | 0.00% | -1.28% |
| Others | 0.21% | 1.10% | +0.89% |
| Multi Commodity Exchange Of India Ltd. | 1.00% | 1.78% | +0.78% |
| GE Vernova T&D India Ltd | 0.73% | 0.00% | -0.73% |
| company:17831 | 0.00% | 0.67% | +0.67% |
| P N Gadgil Jewellers Ltd. | 0.84% | 0.21% | -0.63% |
| Sagility Ltd. | 0.60% | 0.00% | -0.60% |
| company:20823 | 0.00% | 0.59% | +0.59% |
| Shaily Engineering Plastics Ltd. | 2.47% | 2.04% | -0.43% |
| company:20772 | 0.00% | 0.40% | +0.40% |
| DCB Bank Ltd. | 1.42% | 1.76% | +0.34% |
| Rainbow Children's Medicare Ltd. | 2.71% | 2.40% | -0.31% |
| Varroc Engineering Ltd. | 1.53% | 1.84% | +0.31% |
| Styrenix Performance Materials Ltd. | 0.35% | 0.07% | -0.28% |
| MTAR Technologies Ltd. | 1.17% | 1.44% | +0.27% |
| Aegis Vopak Terminals Ltd. | 1.98% | 1.74% | -0.24% |
| company:16964 | 0.00% | 0.24% | +0.24% |
| Apar Industries Ltd. | 1.48% | 1.71% | +0.23% |
| Dr. Agarwal's Health Care Ltd. | 2.82% | 3.04% | +0.22% |
| Radico Khaitan Ltd. | 0.60% | 0.41% | -0.19% |
| Karur Vysya Bank Ltd. | 3.48% | 3.29% | -0.19% |
| Jain Resource Recycling Ltd. | 0.51% | 0.33% | -0.18% |
| Gokaldas Exports Ltd. | 1.68% | 1.50% | -0.18% |
| PG Electroplast Ltd. | 1.53% | 1.35% | -0.18% |
| Rossari Biotech Ltd. | 0.52% | 0.35% | -0.17% |
| Sky Gold And Diamonds Ltd. | 2.46% | 2.62% | +0.16% |
| Sonata Software Ltd. | 1.05% | 0.89% | -0.16% |
| Gabriel India Ltd. | 1.64% | 1.48% | -0.16% |
| Thirumalai Chemicals Ltd. | 1.14% | 0.98% | -0.16% |
| INDO-MIM Ltd. | 0.72% | 0.57% | -0.15% |
| Eternal Ltd. | 1.48% | 1.33% | -0.15% |
| Aditya Birla Real Estate Ltd | 1.27% | 1.14% | -0.13% |
| Hexaware Technologies Ltd. | 1.59% | 1.46% | -0.13% |
| JM Financial Ltd. | 1.47% | 1.60% | +0.13% |
| Onesource Specialty Pharma Ltd. | 1.07% | 0.94% | -0.13% |
| WeWork India Management Ltd. | 0.93% | 0.80% | -0.13% |
| Pricol Ltd. | 2.38% | 2.26% | -0.12% |
| Cholamandalam Financial Holdings Ltd. | 1.12% | 1.01% | -0.11% |
| Asahi India Glass Ltd. | 1.96% | 2.06% | +0.10% |
| Kei Industries Ltd. | 1.16% | 1.06% | -0.10% |
| Schneider Electric Infrastructure Ltd. | 1.10% | 1.01% | -0.09% |
| V2 Retail Ltd. | 1.80% | 1.71% | -0.09% |
| Kusumgar Ltd. | 0.51% | 0.42% | -0.09% |
| Zensar Technologies Ltd. | 0.61% | 0.52% | -0.09% |
| Rubicon Research Ltd. | 4.43% | 4.52% | +0.09% |
| Birlasoft Ltd. | 0.79% | 0.71% | -0.08% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 1.33% | 1.25% | -0.08% |
| Meesho Ltd. | 1.45% | 1.53% | +0.08% |
| eClerx Services Ltd. | 1.82% | 1.74% | -0.08% |
| Chalet Hotels Ltd. | 1.44% | 1.51% | +0.07% |
| Campus Activewear Ltd. | 2.10% | 2.17% | +0.07% |
| V-Mart Retail Ltd. | 2.22% | 2.29% | +0.07% |
| Aditya Infotech Ltd. | 3.25% | 3.19% | -0.06% |
| Vijaya Diagnostic Centre Ltd. | 2.36% | 2.30% | -0.06% |
| VA Tech Wabag Ltd. | 4.03% | 3.98% | -0.05% |
| City Union Bank Ltd. | 1.28% | 1.32% | +0.04% |
| Five-Star Business Finance Ltd. | 2.20% | 2.16% | -0.04% |
| Lohia Corp Ltd. | 1.00% | 1.04% | +0.04% |
| Syrma SGS Technology Ltd. | 2.10% | 2.06% | -0.04% |
| Dixon Technologies (India) Ltd. | 1.75% | 1.72% | -0.03% |
| The Jammu & Kashmir Bank Ltd. | 0.44% | 0.41% | -0.03% |
| Aditya Vision Ltd. | 1.69% | 1.67% | -0.02% |
| Central Depository Services (India) Ltd. | 1.47% | 1.49% | +0.02% |
| CCL Products (India) Ltd. | 3.36% | 3.37% | +0.01% |
| Shadowfax Technologies Ltd. | 1.12% | 1.11% | -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 | ₹12,460 Cr | 2.03% | 30.3% | 16.8% | 21.5% |
 Bandhan Small Cap Fund | ₹34,176 Cr | 1.72% | 20.0% | 15.6% | 22.0% |
 Invesco India Small Cap Fund | ₹15,744 Cr | 1.83% | 24.4% | 16.2% | 20.6% |
 Mahindra Manulife Small Cap Fund | ₹5,468 Cr | 2.19% | 28.0% | 14.7% | — |
 ITI Small Cap Fund | ₹3,603 Cr | 2.22% | 34.0% | 18.0% | 22.1% |
 Bank of India Small Cap Fund | ₹3,307 Cr | 2.18% | 45.2% | 19.7% | 21.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation by investing predominantly in Small Cap stocks.
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..
- 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.
- 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 months33.48% absolute | ₹60,000 | ₹80,088 | 33.48% | |
| 1 year20.95% annualised | ₹1,20,000 | ₹1,34,528 | 12.11% |
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 Small Cap Fund?
The NAV of Motilal Oswal Small Cap Fund is ₹16.94 as on 24 Sep 2026.
What is the expense ratio of Motilal Oswal Small Cap Fund?
The expense ratio of Motilal Oswal Small Cap Fund is 1.98% per year.
What is the minimum SIP amount for Motilal Oswal Small Cap Fund?
You can start a SIP in Motilal Oswal Small Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Motilal Oswal Small Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 365 days..
How risky is Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund is managed by Motilal Oswal Mutual Fund, which runs 55 schemes with ₹1,53,489 Cr under management.