Motilal Oswal Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹16.72+1.30%1 day
- Return since launch
- 18.8%
- 52-week range
- ₹12.15 — ₹17.26
- AUM
- ₹8,298 Cr
Motilal Oswal Small Cap Fund is a Small Cap equity fund from Motilal Oswal Mutual Fund with ₹8,298 Cr under management, launched in 2023. The expense ratio is 1.93% 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 +17.1% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 26.1% | +17.9 pts | 8.2% | 12.1% |
| 2Y | 17.4% | +8.1 pts | 9.2% | 8.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +1.1 pts | -0.8% | -1.0% |
| 3M | -1.9% | +0.6 pts | -2.5% | -3.0% |
| 6M | 12.6% | +6.7 pts | 5.9% | 5.0% |
| 1Y | 17.0% | +8.9 pts | 8.2% | 7.6% |
| 2Y | 10.4% | +6.8 pts | 3.6% | 2.9% |
Since launch (5 Dec 2023): 18.8%
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
1.91%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.52%
- Brokerage
- 0.05%
- 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 30 Sep 2026
Asset allocation
- Equity91.9%
- Other8.1%
Market cap split
- Large2.7%
- Mid8.9%
- Small88.4%
- P/E
- 32.27
- P/B
- 4.54
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.09% | ₹671 Cr | +9.35% | +5.49% | +5.06% |
| Rubicon Research Ltd. | Healthcare | 3.84% | ₹318 Cr | +4.41% | +3.78% | — |
| VA Tech Wabag Ltd. | Capital Goods | 3.82% | ₹317 Cr | +4.29% | +3.29% | +2.81% |
| CCL Products (India) Ltd. | Consumer Staples | 3.49% | ₹290 Cr | +3.64% | +4.60% | +3.49% |
| Aditya Infotech Ltd. | Communication | 3.38% | ₹280 Cr | +3.88% | +3.24% | — |
| Karur Vysya Bank Ltd. | Financial | 3.02% | ₹251 Cr | +3.45% | +4.30% | +3.73% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 2.92% | ₹242 Cr | +2.96% | +3.31% | +4.27% |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 2.57% | ₹213 Cr | +2.16% | +2.19% | +1.41% |
| Syrma SGS Technology Ltd. | Capital Goods | 2.52% | ₹209 Cr | +2.48% | +1.75% | +1.10% |
| Rainbow Children's Medicare Ltd. | Healthcare | 2.36% | ₹196 Cr | +2.44% | +2.31% | +2.66% |
| Campus Activewear Ltd. | Consumer Discretionary | 2.20% | ₹183 Cr | +2.32% | +2.87% | +2.90% |
| V-Mart Retail Ltd. | Services | 2.14% | ₹177 Cr | +2.27% | +2.16% | +2.15% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 2.14% | ₹178 Cr | +3.04% | +2.56% | +2.41% |
| Five-Star Business Finance Ltd. | Financial | 2.10% | ₹175 Cr | +2.02% | +1.69% | +1.79% |
| Pricol Ltd. | Automobile | 2.10% | ₹174 Cr | +2.35% | +2.53% | +2.21% |
| Varroc Engineering Ltd. | Automobile | 2.07% | ₹172 Cr | +1.77% | +1.74% | +1.72% |
| Asahi India Glass Ltd. | Materials | 2.04% | ₹169 Cr | +2.01% | +2.22% | +2.05% |
| Shaily Engineering Plastics Ltd. | Materials | 1.88% | ₹156 Cr | +2.62% | +2.62% | +2.71% |
| Aegis Vopak Terminals Ltd. | Energy | 1.84% | ₹153 Cr | +1.70% | +1.48% | +1.57% |
| V2 Retail Ltd. | Services | 1.80% | ₹149 Cr | +1.98% | +2.89% | +2.53% |
| Aditya Vision Ltd. | Services | 1.76% | ₹146 Cr | +1.96% | +2.45% | +1.50% |
| JM Financial Ltd. | Financial | 1.72% | ₹142 Cr | +1.52% | +1.92% | +2.09% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.72% | ₹143 Cr | +0.65% | +1.46% | +2.37% |
| DCB Bank Ltd. | Financial | 1.71% | ₹142 Cr | +1.40% | +1.49% | — |
| MTAR Technologies Ltd. | Capital Goods | 1.71% | ₹142 Cr | +1.57% | +1.11% | — |
| Meesho Ltd. | Services | 1.69% | ₹141 Cr | +1.62% | — | — |
| eClerx Services Ltd. | Services | 1.69% | ₹140 Cr | +1.11% | +1.48% | +2.19% |
| Apar Industries Ltd. | Consumer Staples | 1.65% | ₹137 Cr | +1.95% | +2.27% | +2.08% |
| Chalet Hotels Ltd. | Services | 1.51% | ₹125 Cr | +1.53% | +1.48% | +1.55% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.49% | ₹124 Cr | — | — | — |
| Central Depository Services (India) Ltd. | Financial | 1.42% | ₹118 Cr | +1.07% | +1.28% | +1.50% |
| Gabriel India Ltd. | Automobile | 1.40% | ₹117 Cr | +1.91% | +1.93% | +1.64% |
| Symbiotec Pharmalab Ltd. | Healthcare | 1.32% | ₹109 Cr | — | — | — |
| Gokaldas Exports Ltd. | Textiles | 1.30% | ₹108 Cr | +1.74% | +1.23% | +1.46% |
| City Union Bank Ltd. | Financial | 1.28% | ₹106 Cr | +1.37% | +1.57% | — |
| Eternal Ltd. | Services | 1.28% | ₹106 Cr | +1.37% | — | — |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | Chemicals | 1.27% | ₹106 Cr | +1.41% | +1.08% | +1.39% |
| BSE Ltd. | Services | 1.19% | ₹98.83 Cr | — | — | — |
| Lohia Corp Ltd. | Materials | 1.19% | ₹98.95 Cr | — | — | — |
| Shadowfax Technologies Ltd. | Services | 1.18% | ₹97.98 Cr | +0.87% | — | — |
| PG Electroplast Ltd. | Capital Goods | 1.13% | ₹93.45 Cr | +1.22% | +1.74% | +1.15% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.10% | ₹91.06 Cr | +1.17% | — | — |
| Aditya Birla Real Estate Ltd | Consumer Staples | 1.01% | ₹83.82 Cr | +1.15% | +1.08% | +1.41% |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.99% | ₹82.26 Cr | +1.18% | +1.24% | +1.63% |
| Manipal Payment and Identity Solutions Ltd. | Services | 0.93% | ₹76.93 Cr | — | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.92% | ₹76.55 Cr | +1.15% | +1.13% | — |
| Thirumalai Chemicals Ltd. | Chemicals | 0.91% | ₹75.62 Cr | +1.12% | +1.42% | +1.78% |
| INDO-MIM Ltd. | Capital Goods | 0.86% | ₹71.33 Cr | — | — | — |
| Kei Industries Ltd. | Capital Goods | 0.81% | ₹67.18 Cr | +1.33% | +1.52% | +1.83% |
| Sonata Software Ltd. | Technology | 0.79% | ₹65.87 Cr | +0.92% | +1.01% | — |
| Kaynes Technology India Ltd. | Capital Goods | 0.78% | ₹64.46 Cr | — | — | +1.39% |
| WeWork India Management Ltd. | Services | 0.75% | ₹62.53 Cr | +0.91% | +0.83% | — |
| Birlasoft Ltd. | Technology | 0.65% | ₹54.05 Cr | +0.79% | +1.28% | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.62% | ₹51.39 Cr | — | — | — |
| Zensar Technologies Ltd. | Technology | 0.47% | ₹38.69 Cr | — | — | — |
| Kusumgar Ltd. | Textiles | 0.44% | ₹36.91 Cr | — | — | — |
| Devyani International Ltd. | Services | 0.41% | ₹33.94 Cr | — | — | — |
| Rentomojo Ltd. | Services | 0.38% | ₹31.35 Cr | — | — | — |
| Rossari Biotech Ltd. | Chemicals | 0.25% | ₹20.87 Cr | +0.57% | +0.63% | +0.88% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hexaware Technologies Ltd. | 1.46% | 0.00% | -1.46% |
| BSE Ltd. | 0.00% | 1.19% | +1.19% |
| Manipal Payment and Identity Solutions Ltd. | 0.00% | 0.93% | +0.93% |
| Symbiotec Pharmalab Ltd. | 0.59% | 1.32% | +0.73% |
| Rubicon Research Ltd. | 4.52% | 3.84% | -0.68% |
| Syrma SGS Technology Ltd. | 2.06% | 2.52% | +0.46% |
| Radico Khaitan Ltd. | 0.41% | 0.00% | -0.41% |
| Milky Mist Dairy Food Ltd. | 0.40% | 0.00% | -0.40% |
| Rentomojo Ltd. | 0.00% | 0.38% | +0.38% |
| Jain Resource Recycling Ltd. | 0.33% | 0.00% | -0.33% |
| INDO-MIM Ltd. | 0.57% | 0.86% | +0.29% |
| Karur Vysya Bank Ltd. | 3.29% | 3.02% | -0.27% |
| MTAR Technologies Ltd. | 1.44% | 1.71% | +0.27% |
| Kei Industries Ltd. | 1.06% | 0.81% | -0.25% |
| Others | 1.10% | 0.87% | -0.23% |
| Dixon Technologies (India) Ltd. | 1.72% | 1.49% | -0.23% |
| Varroc Engineering Ltd. | 1.84% | 2.07% | +0.23% |
| PG Electroplast Ltd. | 1.35% | 1.13% | -0.22% |
| The Jammu & Kashmir Bank Ltd. | 0.41% | 0.62% | +0.21% |
| P N Gadgil Jewellers Ltd. | 0.21% | 0.00% | -0.21% |
| Gokaldas Exports Ltd. | 1.50% | 1.30% | -0.20% |
| Aditya Infotech Ltd. | 3.19% | 3.38% | +0.19% |
| Devyani International Ltd. | 0.24% | 0.41% | +0.17% |
| Shaily Engineering Plastics Ltd. | 2.04% | 1.88% | -0.16% |
| VA Tech Wabag Ltd. | 3.98% | 3.82% | -0.16% |
| Meesho Ltd. | 1.53% | 1.69% | +0.16% |
| Pricol Ltd. | 2.26% | 2.10% | -0.16% |
| Vijaya Diagnostic Centre Ltd. | 2.30% | 2.14% | -0.16% |
| Lohia Corp Ltd. | 1.04% | 1.19% | +0.15% |
| V-Mart Retail Ltd. | 2.29% | 2.14% | -0.15% |
| Aditya Birla Real Estate Ltd | 1.14% | 1.01% | -0.13% |
| CCL Products (India) Ltd. | 3.37% | 3.49% | +0.12% |
| Dr. Agarwal's Health Care Ltd. | 3.04% | 2.92% | -0.12% |
| JM Financial Ltd. | 1.60% | 1.72% | +0.12% |
| Kaynes Technology India Ltd. | 0.67% | 0.78% | +0.11% |
| Aegis Vopak Terminals Ltd. | 1.74% | 1.84% | +0.10% |
| Rossari Biotech Ltd. | 0.35% | 0.25% | -0.10% |
| Sonata Software Ltd. | 0.89% | 0.79% | -0.10% |
| Aditya Vision Ltd. | 1.67% | 1.76% | +0.09% |
| Schneider Electric Infrastructure Ltd. | 1.01% | 1.10% | +0.09% |
| V2 Retail Ltd. | 1.71% | 1.80% | +0.09% |
| Gabriel India Ltd. | 1.48% | 1.40% | -0.08% |
| Central Depository Services (India) Ltd. | 1.49% | 1.42% | -0.07% |
| Styrenix Performance Materials Ltd. | 0.07% | 0.00% | -0.07% |
| Thirumalai Chemicals Ltd. | 0.98% | 0.91% | -0.07% |
| Shadowfax Technologies Ltd. | 1.11% | 1.18% | +0.07% |
| Apar Industries Ltd. | 1.71% | 1.65% | -0.06% |
| Five-Star Business Finance Ltd. | 2.16% | 2.10% | -0.06% |
| Multi Commodity Exchange Of India Ltd. | 1.78% | 1.72% | -0.06% |
| Birlasoft Ltd. | 0.71% | 0.65% | -0.06% |
| Sky Gold And Diamonds Ltd. | 2.62% | 2.57% | -0.05% |
| DCB Bank Ltd. | 1.76% | 1.71% | -0.05% |
| Eternal Ltd. | 1.33% | 1.28% | -0.05% |
| WeWork India Management Ltd. | 0.80% | 0.75% | -0.05% |
| Zensar Technologies Ltd. | 0.52% | 0.47% | -0.05% |
| eClerx Services Ltd. | 1.74% | 1.69% | -0.05% |
| City Union Bank Ltd. | 1.32% | 1.28% | -0.04% |
| Rainbow Children's Medicare Ltd. | 2.40% | 2.36% | -0.04% |
| Campus Activewear Ltd. | 2.17% | 2.20% | +0.03% |
| Asahi India Glass Ltd. | 2.06% | 2.04% | -0.02% |
| Cholamandalam Financial Holdings Ltd. | 1.01% | 0.99% | -0.02% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 1.25% | 1.27% | +0.02% |
| Kusumgar Ltd. | 0.42% | 0.44% | +0.02% |
| Onesource Specialty Pharma Ltd. | 0.94% | 0.92% | -0.02% |
| Chalet Hotels Ltd. | 1.51% | 1.51% | 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 | ₹12,980 Cr | 2.04% | 22.0% | 13.6% | 19.5% |
 Bandhan Small Cap Fund | ₹35,856 Cr | 1.73% | 11.0% | 11.3% | 19.5% |
 Invesco India Small Cap Fund | ₹16,321 Cr | 1.83% | 24.4% | 15.3% | 20.0% |
 Mahindra Manulife Small Cap Fund | ₹5,373 Cr | 2.17% | 21.8% | 12.1% | — |
 Bank of India Small Cap Fund | ₹3,685 Cr | 2.25% | 31.1% | 15.8% | 18.8% |
 ITI Small Cap Fund | ₹3,666 Cr | 2.20% | 21.6% | 13.7% | 19.6% |
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 months12.60% absolute | ₹60,000 | ₹67,560 | 12.60% | |
| 1 year17.03% annualised | ₹1,20,000 | ₹1,31,666 | 9.72% |
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 ₹16.72 as on 9 Nov 2026.
What is the expense ratio of Motilal Oswal Small Cap Fund?
The expense ratio of Motilal Oswal Small Cap Fund is 1.93% 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 57 schemes with ₹1,70,273 Cr under management.