EquitySectoral/ ThematicRegularGrowthVery High

Motilal Owsal Manufacturing Fund

Q: What is the NAV of Motilal Owsal Manufacturing Fund?

As of 05 Oct 2026, the NAV of Motilal Owsal Manufacturing Fund is ₹11.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Motilal Owsal Manufacturing Fund delivered?

Motilal Owsal Manufacturing Fund has returned -3.14% over 1 year and +5.51% 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.

Q: How risky is Motilal Owsal Manufacturing Fund?

Motilal Owsal Manufacturing Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.4% and its worst peak-to-trough fall in our sample was -26.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Motilal Owsal Manufacturing Fund?

Motilal Owsal Manufacturing Fund is managed by Ajay Khandelwal, Niket Shah, Santosh Kumar Singh, Atul Mehra, Rakesh Shetty and Sunil Sawant at Motilal Oswal.

Q: How is Motilal Owsal Manufacturing Fund taxed?

Motilal Owsal Manufacturing 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.

Motilal Oswal Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹11.30

+1.02% 1D

as of 05 Oct 2026

This is the Regular plan of Motilal Owsal Manufacturing Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-3.14%absolute

52-week rangePrev NAV ₹11.19

Latest ₹11.30

Low ₹9.8371st percentile of its 52-week rangeHigh ₹11.90

Scorecard

★★☆☆☆2/5 vs 229 of 255 Sectoral/ Thematic peers1Y

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 Sectoral/ Thematic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 229 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskHigh

Volatility 19.4% vs 15.6% category avg

Cost—

Expense ratio not available yet

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Sectoral/ Thematic average on 1M/3M/6M

Concerns

1-year return (-3.14%) trails the Sectoral/ Thematic average (+2.17%)
More volatile than its Sectoral/ Thematic peers (19.4% vs 15.6%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

—

Category 2.46%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.37

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% - If redeemed on or before 3 Months from the date of allotment. Nil - If redeemed after 3 Months from the date of allotment.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

14 Aug 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.28%

Absolute return over the last 3 months (not annualized)

-0.01%

Absolute return over the last 6 months (not annualized)

+14.28%

Absolute return since 1 Jan of this year (not annualized)

+1.13%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.14%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.51%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.44%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-26.34%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-3.28%	-4.48%	+1.20%
3M abs	-0.01%	-2.70%	+2.69%
6M abs	+14.28%	+11.43%	+2.85%
1Y CAGR	-3.14%	+2.17%	-5.31%
3Y CAGR	—	+12.56%	—
5Y CAGR	—	+10.79%	—

Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic

1Y return

-3.14%

Beats 34.2% · rank #151

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.22L

Absolute

+1.78%

XIRR

+3.89%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Motilal Owsal Manufacturing 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	+1.13%	-7.18%	+8.31%
2025	-5.13%	+7.94%	-13.07%
2024part	+16.90%	—	—

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.

History points

528

AUM

₹488.78Cr

Exit load

1% - If redeemed on or before 3 Months from the date of allotment. Nil - If redeemed after 3 Months from the date of allotment.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Sectoral/ Thematic

Compare all


Motilal Owsal Manufacturing FundThis fund Motilal Oswal · Regular · Growth	★★☆☆☆ 1Y	-3.14%	—	—	—	—	₹488.78Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,100Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹11,128Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹3,128Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹978.69Cr
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+18.01%	+23.20%	+12.73%	—	2.54%	₹332.57Cr

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-26.3%03 Jan 2025 → 28 Feb 2025
Fell over 2 months, back to the old high on 17 Sep 2025 — 7 months under water after the low.
-18.7%17 Sep 2025 → 31 Mar 2026
Still below that high — 6 months down, and no recovery yet.
-8.8%15 Oct 2024 → 13 Nov 2024
Fell over 29 days, back to the old high on 04 Dec 2024 — 21 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹488.78Cr

July - September 2026

+1%

since January - March 2026

−₹21.76Cr

est. net flow, last quarter

At or near its largest, ₹488.78Cr in July - September 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.

Launched

28 Dec 2009

Total AUM

₹1,58,858Cr+11.5% QoQ

Avg AUM · July - September 2026

Website

motilaloswalmf.com

Fund Managers

AKAjay KhandelwalStart date not disclosed

Education

1. CFA Level 3 2. PGDM – MBA - TAPMI, Manipal 3. B.E. Electrical Engineer MITS, Gwalior

Experience

• Mr Ajay Khandelwal has around 19 years of experience in fund management and research activity. Earlier he was associated with Canara Robeco Asset Management Company as Fund Manager, where he used to take active part in fund management activity of Small Cap Fund. • He started his professional journey as a Research Analyst in BOI AXA Investment Managers, where he used to research on Information Technology (IT) and Banking, Financial Services and Insurance (BFSI) industry, understanding the sector and company specification through data analysis.

Funds managed (18)

All schemes Ajay Khandelwal runs →

NSNiket ShahStart date not disclosed

Education

MBA Finance (Welingkar Institute of Management studies)

Experience

• Mr. Niket has 12 years of overall experience. He has done his Master’s in Business Administration (MBA) in Fi- nance from Welingkar Institute of Management studies. • Prior to joining MOAMC, he was associated with MOSL as Head of Midcaps Research from February 2013 to March 2018, Edelweiss Securities Ltd. as Research Ana- lyst - Midcaps from March 2010 to January 2013 and Religare Capital Markets Ltd. as Associate Research Analyst - Midcaps from June 2008 to March 2010.

SSSantosh Kumar SinghStart date not disclosed

Education

Chartered countant (CA) and Chartered Financial Analyst (CFA)

Experience

Ac- • Mr. Santosh Kumar Singh has over 17 years of experience across his tenure. Mr. Singh was associated with Haitong International Securities Ltd. as Head of Research and Lead Analyst where he was responsible for Research product and overall Research strategy. He was also asso- ciated with SG Asia Holdings as an analyst and also with Espirito Santo Securities as Lead analyst. Mr. Singh was ranked No.1 analyst in India in the Asia money polls for insurance sector continuously for three years from 2015 to 2017.

AMAtul MehraStart date not disclosed

Education

CFA Charterholder, CFA Institute, Charlottesville, Virginia, USA Masters in commerce; Mumbai University Bachelor’s in commerce, Mumbai University, HR College of Commerce and Economics

Experience

• Atul has over 16 years of overall experience. He is associated with Motilal Oswal Asset Management Company Ltd – Senior Vice President, Fund Manager – Equity. • Prior to this he is associated as Senior Vice President, Fund Manager – PMS and AIFs. (December 2013 – December 2023). Further, prior to this he was associated with Edelweiss Capital Ltd – Research Analyst (2008 - 2013).

Funds managed (16)

All schemes Atul Mehra runs →

RSRakesh ShettyStart date not disclosed

Education

Bachelors of Commerce (B.Com)

Experience

• Mr. Rakesh Shetty has more than 15 years of overall experience and expertise in trading in equity, debt segment, Exchange Trade Fund’s management, Corporate Treasury and Banking. • Prior to joining Motilal Oswal Asset Management Company Limited, 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.

Funds managed (81)

All schemes Rakesh Shetty runs →

SSSunil SawantStart date not disclosed

Education

Master of Commerce (M. Com)

Funds managed (12)

All schemes Sunil Sawant runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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

Fund managers

Ajay Khandelwal Atul Mehra Rakesh Shetty Sunil Sawant

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 Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Motilal Owsal Manufacturing Fund?

As of 05 Oct 2026, the NAV of Motilal Owsal Manufacturing Fund is ₹11.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Motilal Owsal Manufacturing Fund delivered?

Motilal Owsal Manufacturing Fund has returned -3.14% over 1 year and +5.51% 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.

How risky is Motilal Owsal Manufacturing Fund?

Motilal Owsal Manufacturing Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.4% and its worst peak-to-trough fall in our sample was -26.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Motilal Owsal Manufacturing Fund?

Motilal Owsal Manufacturing Fund is managed by Ajay Khandelwal, Niket Shah, Santosh Kumar Singh, Atul Mehra, Rakesh Shetty and Sunil Sawant at Motilal Oswal.

How is Motilal Owsal Manufacturing Fund taxed?

Motilal Owsal Manufacturing 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.