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Motilal Oswal Financial Services Fund

Motilal Oswal Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV
₹10.30
+0.81% 1D
as of 01 Oct 2026
CompareSIP calculator

Performance

+2.99%absolute
52-week rangePrev NAV ₹10.22
Latest ₹10.30
Low ₹8.8666th percentile of its 52-week rangeHigh ₹11.03

Scorecard

Not rated
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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskHigh

Volatility 20.2% vs 15.6% category avg

CostAverage

1.3% expense vs 1.3% category avg

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

No standout strengths identified.

Concerns

  • More volatile than its Sectoral/ Thematic peers (20.2% vs 15.6%)

Key Metrics

1.32%
Category 1.27%▲0.05%
19.44
Category 28.70▼9.26
—
Category 0.42

Scheme Info

Definitions
Plan
Direct · Growth
None
Exit Load
—
0.005%
SIP Inv.
—
—
—
Nifty Financial Services TRI
20 Feb 2026

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

Definitions
-4.62%
-2.30%
+13.71%
+2.99%

Annualized returns (≥1Y — CAGR)

Definitions
—
—
—
—
+2.99%
Advanced metrics — risk and benchmark ratios

Fund vs category average (Sectoral/ Thematic)

PeriodFundCategory avg.Diff
1M abs-4.62%-5.04%+0.42%
3M abs-2.30%-2.06%-0.24%
6M abs+13.71%+11.46%+2.25%
1Y CAGR—+3.51%—
3Y CAGR—+13.45%—
5Y CAGR—+12.26%—

Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), 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.

Backtest this fund

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

Period
Invested
₹70.00K
Current value
₹71.40K
Absolute
+2.00%
XIRR
+8.16%
Value vs. invested
ValueInvested

7 monthly installments of ₹10,000 into Motilal Oswal Financial Services Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points
151
Expense ratio
1.32%
AUM
₹177.86Cr
Portfolio turnover
40%
P/E ratio
19.4
P/B ratio
3.1
Avg market cap
₹3,13,675Cr
P/E & P/B are portfolio-weighted harmonic means across 24 of 30 equity holdings (88% of the portfolio); loss-making companies are excluded.

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.

Asset allocation

As on 31 Aug 2026 · AMC disclosure
  • Equity98.22%
  • Cash & Equivalents1.78%

Fund size over time

Quarterly average AUM · AMFI
₹177.86Cr
April - June 2026
+133%
since January - March 2026

At or near its largest, ₹177.86Cr in April - June 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.

Motilal Oswal Mutual Fund logo

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

RSRakesh ShettyManaging since 16 Feb 2026
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 (80)
All schemes Rakesh Shetty runs →
AKAjay KhandelwalManaging since 16 Feb 2026
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.

All schemes Ajay Khandelwal runs →
AMAtul MehraManaging since 16 Feb 2026
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).

All schemes Atul Mehra runs →
BSBhalchandra ShindeManaging since 16 Feb 2026
Education

M.M.S Finance & B.E. Mech

Experience

• Mr. Bhalchandra Shinde boasts over 13 years of extensive experience in Equity Research. • Mr. Shinde's professional journey has been marked by his expertise and significant contributions to the field. Prior to his current role at MOAMC, he dedicated three years to Kotak Mahindra Life Insurance as an Investment Analyst, overseeing research across sectors such as Auto, Oil and Gas, and Real Estate. He has also been associated with Max Life Insurance and Centrum Broking

All schemes Bhalchandra Shinde runs →
SJSandeep JainManaging since 16 Feb 2026
Education

1. Chartered Accountant

Experience

Mr. Sandeep Jain is currently employed with MOAMC and has an overall experience of 18 years in research and fund management. His last stint was with Baroda BNP Paribas Mutual Fund as Fund Manager and Senior Research Analyst (BFSI Sector). Prior to that, he has worked with various companies viz., Aditya Birla Sun life Insurance, Sundaram Asset Management Company Limited, TATA Securities., IDBI Capital Markets & Securities Limited. Mr. Jain is a Chartered Accountant by qualification

All schemes Sandeep Jain runs →

Fund manager, benchmark and dealing terms from 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

Fund managers
Rakesh ShettyAjay KhandelwalAtul MehraBhalchandra ShindeSandeep Jain
Top holdings
State Bank of IndiaICICI Bank LimitedHDFC Bank LimitedMulti Commodity Exchange of India LimitedBajaj Finance LtdCholamandalam Investment and Finance Company LimitedShriram Finance LimitedIndusInd Bank LimitedOne 97 Communications LimitedPNB Housing Finance LimitedPB Fintech LimitedAxis Bank Limited
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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.

From the blog

Frequently asked questions

What is the NAV of Motilal Oswal Financial Services Fund?

As of 01 Oct 2026, the NAV of Motilal Oswal Financial Services Fund is ₹10.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Motilal Oswal Financial Services Fund delivered?

Motilal Oswal Financial Services Fund has returned +2.99% 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 Financial Services Fund?

Motilal Oswal Financial Services Fund charges an expense ratio of 1.32% 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 Financial Services Fund?

Motilal Oswal Financial Services Fund's largest holdings are State Bank of India (7.0%), ICICI Bank Limited (6.7%), HDFC Bank Limited (6.4%), Multi Commodity Exchange of India Limited (5.7%) and Bajaj Finance Ltd (5.0%). Holdings are disclosed monthly and change over time.

How risky is Motilal Oswal Financial Services Fund?

Motilal Oswal Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 20.2% and its worst peak-to-trough fall in our sample was -11.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Motilal Oswal Financial Services Fund?

Motilal Oswal Financial Services Fund is benchmarked against the Nifty Financial Services Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages Motilal Oswal Financial Services Fund?

Motilal Oswal Financial Services Fund is managed by Rakesh Shetty, Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde and Sandeep Jain at Motilal Oswal.

How is Motilal Oswal Financial Services Fund taxed?

Motilal Oswal Financial Services 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.