Motilal Oswal Flexi Cap Fund
This is the Direct plan of Motilal Oswal Flexi Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★☆☆☆2/5 vs 36 of 45 Flexi Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Flexi Cap Fund (same plan and option). 36 of the 45 Flexi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +17.59% · ranks 3 of 36 Flexi Cap Funds
Volatility 16.9% vs 14.1% category avg
1.2% expense vs 1.1% category avg
97% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ahead of the Flexi Cap Fund average on 1M/3M/6M/1Y — 1Y by 2.13pp
- 3-year return (+17.59%) beats the Flexi Cap Fund average (+11.89%)
- 5-year return (+12.26%) beats the Flexi Cap Fund average (+10.11%)
- Stronger risk-adjusted returns — Sharpe 0.66 vs 0.37 Flexi Cap Fund average
- Consistent — positive in 97% of rolling 3-year windows
Concerns
- More volatile than its Flexi Cap Fund peers (16.9% vs 14.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Flexi Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -2.77% | -4.33% | +1.56% |
| 3M abs | +5.51% | -2.62% | +8.13% |
| 6M abs | +18.94% | +10.24% | +8.70% |
| 1Y CAGR | +2.31% | +0.18% | +2.13% |
| 3Y CAGR | +17.59% | +11.89% | +5.70% |
| 5Y CAGR | +12.26% | +10.11% | +2.15% |
Category average across peers in Flexi Cap Fund (up to 45 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 45 peers in Flexi Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Motilal Oswal Flexi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +3.23% | -7.18% | +10.41% | |
| 2025 | -4.82% | +7.94% | -12.76% | |
| 2024 | +46.96% | +16.43% | +30.53% | |
| 2023 | +32.08% | +27.43% | +4.65% | |
| 2022 | -2.14% | +4.34% | -6.48% | |
| 2021 | +16.33% | +31.59% | -15.26% | |
| 2020 | +11.37% | +18.33% | -6.96% | |
| 2019 | +8.86% | +8.95% | -0.09% | |
| 2018 | -6.97% | -2.33% | -4.64% | |
| 2017 | +44.42% | +37.35% | +7.07% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Fund manager change — now managed by Abhiroop Mukherjee; Niket Shah, Rakesh Shetty stepped away25 Sep 2026
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity97.26%
- Cash & Equivalents2.74%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹13,027Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Motilal Oswal Mutual Fund is the asset management arm of the broker Motilal Oswal Financial Services and launched its first scheme in 2010. It is known for a concentrated 'buy right, sit tight' equity philosophy and for a large passive and international range.
Fund Managers
SBSiddharth BothraManaging since 19 May 2021
• Mr. Siddharth Bothra has a rich experience of more than 20 years in the field of research and investments. He has worked with VDK Share and Stock Broking Services, Al- chemy Share and Stock Brokers Limited, MOSL and MOAMC.
AMAbhiroop MukherjeeManaging since 28 Apr 2014
ASAnkush SoodManaging since 25 Aug 2021
B.Tech in Electronics & Telecommunications from MPSTME, NMIMS Mumbai and MBA(Tech) with Major in Finance & Minor in Analytics from SBM, NMIMS Mumbai
• Mr. Ankush Sood has prior experience prominently in In- stitutional Sales Trading Function. He has been associated with Motilal Oswal Financial Services Limited wherein he was primarily responsible for Servicing Domestic & Foreign Institutional Clients.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Motilal Oswal in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Flexi Cap funds
Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.
From the blog
Flexi-cap fund returns: a 12-point spread over 3 years
01 Oct 2026
The median flexi-cap fund returned 11.22% a year over three years to 30 September 2026. The best made 18.38%, the worst 6.06%. The 1, 3 and 5-year spread.
Flexi-cap fund returns: 10 funds at record highs
13 Aug 2026
On 12 August 2026, 10 of 44 flexi-cap funds were at record NAVs and the median had gained 8.66% since 15 April. Their 1 to 10-year spread against the Nifty 500.
Sharpe ratios: which equity funds paid best for risk
09 Jul 2026
To 8 July 2026, the median diversified equity fund had a 3-year Sharpe ratio of 0.57. Bandhan Small Cap led at 1.22; mid caps led the categories at 0.81.
Frequently asked questions
What is the NAV of Motilal Oswal Flexi Cap Fund?
As of 05 Oct 2026, the NAV of Motilal Oswal Flexi Cap Fund is ₹69.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Motilal Oswal Flexi Cap Fund delivered?
Motilal Oswal Flexi Cap Fund has returned +2.31% over 1 year, +17.59% per year over 3 years, +12.26% per year over 5 years and +16.88% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund charges an expense ratio of 1.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund's largest holdings are Kalyan Jewellers India Limited (8.5%), Eternal Limited (6.4%), CG Power and Industrial Solutions Limited (5.8%), Ather Energy Limited (4.7%) and Coforge Limited (4.7%). Holdings are disclosed monthly and change over time.
How risky is Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.9% and its worst peak-to-trough fall in our sample was -37.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.66 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Motilal Oswal Flexi Cap Fund's 0.66 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund is benchmarked against the Nifty 500 Total Return Index. Its alpha and beta on this page are measured against that index.
Who manages Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund is managed by Siddharth Bothra, Abhiroop Mukherjee and Ankush Sood at Motilal Oswal.
How is Motilal Oswal Flexi Cap Fund taxed?
Motilal Oswal Flexi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.