EquityContra FundDirectIDCWVery High

Motilal Oswal Contra Fund

Q: What is the NAV of Motilal Oswal Contra Fund?

As of 01 Oct 2026, the NAV of Motilal Oswal Contra Fund is ₹10.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Motilal Oswal Contra Fund delivered?

Motilal Oswal Contra Fund has returned +3.08% 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: What is the expense ratio of Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund charges an expense ratio of 2.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund's largest holdings are ABB India Limited (5.4%), Bosch Limited (4.6%), Solar Industries India Limited (4.6%), Dixon Technologies (India) Limited (4.1%) and Tempsens Instruments (India) Limited (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -6.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund is benchmarked against the Nifty 500 Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund is managed by Rakesh Shetty, Varun Sharma, Ankit Agarwal and Bhalchandra Shinde at Motilal Oswal.

Q: How is Motilal Oswal Contra Fund taxed?

Motilal Oswal Contra 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 Contra Mutual Funds

NAV

₹10.25

-1.14% 1D

as of 01 Oct 2026

This is the Direct plan of Motilal Oswal Contra Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

+3.08%absolute

52-week rangePrev NAV ₹10.37

Latest ₹10.25

Low ₹9.8041st percentile of its 52-week rangeHigh ₹10.90

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.18%

Category —

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

33.20

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

—

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

—

Nifty 500 Total Return Index

Nifty 500 TRI

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.

04 Jun 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-2.73%

Absolute return over the last 3 months (not annualized)

-1.58%

Absolute return over the last 6 months (not annualized)

—

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

+3.08%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

+3.08%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.57%

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

-5.96%

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 (Contra Fund)

Period	Fund	Category avg.	Diff
1M abs	-2.73%	—	—
3M abs	-1.58%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Contra Fund, 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.

Monthly investment (₹)

Period

Invested

₹30.00K

Current value

₹29.49K

Absolute

-1.71%

XIRR

-18.71%

Value vs. invested

ValueInvested

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

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 2.27% → 2.18%
02 Oct 2026

History points

Expense ratio

2.18%

AUM

₹98.62Cr

Portfolio turnover

76%

Exit load

The NAV will be calculated on all business days and shall be disclosed in the manner specified by SEBI. The AMC shall update the NAVs on its website www.motilaloswalmf.com and also on AMFI website www.amfiindia.com before 11.00 p.m. on every business day. If the NAVs reason for If the n the press release le to olders shall or within bution cum a Scheme Holder). Scheme (AMFI DCW under the der the f

P/E ratio

33.2

P/B ratio

7.6

Avg market cap

₹1,45,842Cr

P/E & P/B are portfolio-weighted harmonic means across 30 of 38 equity holdings (73% 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.

Peer comparison · Contra Fund

Compare all


Motilal Oswal Contra FundThis fund Motilal Oswal · Direct · IDCW	—	—	—	—	33.20	2.18%	₹98.62Cr
Kotak Contra Fund Kotak Mahindra · Direct · IDCW	—	-2.42%	+13.53%	+13.29%	—	—	—
SBI Contra Fund SBI · Direct · IDCW	—	-4.60%	+9.47%	+13.88%	—	0.88%	₹45,949Cr
Invesco India Contra Fund Invesco · Direct · IDCW	—	-13.62%	+8.61%	+7.95%	—	0.76%	₹19,492Cr
Bandhan Contra Fund Bandhan · Direct · Annual IDCW	—	—	—	—	—	2.35%	—
Motilal Oswal Contra Fund Motilal Oswal · Direct · IDCW	—	—	—	—	—	2.18%	₹98.62Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap41.6%
Mid cap19.9%
Small cap38.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity89.14%
Cash & Equivalents10.86%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ABB India Limited

5.37%

Bosch Limited

4.62%

Solar Industries India Limited

4.62%

Dixon Technologies (India) Limited

4.11%

Tempsens Instruments (India) Limited

4.03%

PNB Housing Finance Limited

3.99%

Bajaj Finance Ltd

3.97%

UNO Minda Limited

3.68%

Schneider Electric Infrastructure Limited

3.09%

ICICI Bank Limited

2.93%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Motilal Oswal Manufacturing Fund Motilal Oswal · Sectoral/ Thematic	42.8%	★☆☆☆☆	1.92%	—
Motilal Oswal Infrastructure Fund Motilal Oswal · Sectoral/ Thematic	30.6%	★★★☆☆	1.61%	—
Motilal Oswal Innovation Opportunities Fund Motilal Oswal · Sectoral/ Thematic	27.0%	★★★★☆	1.28%	—
Motilal Oswal Multi Cap Fund Motilal Oswal · Multi Cap Fund	26.0%	★★★★☆	1.19%	—
Invesco India Flexi Cap Fund Invesco · Flexi Cap Fund	24.7%	★★★★☆	0.88%	+16.11%
Axis Large Cap Fund Axis · Large Cap Fund	24.7%	★★★☆☆	0.92%	+7.70%
Invesco India ESG Integration Strategy Fund Invesco · Sectoral/ Thematic	23.8%	★★☆☆☆	1.28%	+8.09%
ITI Balanced Advantage Fund ITI · Dynamic Asset Allocation or Balanced Advantage	23.1% of 74% equity	★★★☆☆	1.59%	+8.35%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.90% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

ESDS Software Solution LimitedLong-term · Stage I0.90%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-6.0%11 Sep 2026 → 01 Oct 2026
Still below that high — 20 days down, and no recovery yet.

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.

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 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 (80)

All schemes Rakesh Shetty runs →

VSVarun SharmaStart date not disclosed

Education

• CFA Level 2 PGDM from Indian Institute of Management – Kolkata

Experience

• Mr. Varun Sharma has an impressive career with over 15 years of extensive experience in Investment Management. • Mr. Sharma’s professional journey includes significant tenures at esteemed organizations such as ICICI Securities and Franklin Templeton Asset Management Company. • Prior to his current role at MOAMC, Mr. Sharma dedicated more than a decade of his expertise to Franklin Templeton, where he excelled as a Fund Manager.

Funds managed (10)

All schemes Varun Sharma runs →

AAAnkit AgarwalStart date not disclosed

Education

• PGDM, Indian Institute of Management (IIM) Bangalore • B.Tech National Institute of Technology, Trichy

Experience

• Mr. Ankit Agarwal has an impressive career with over 20 years of investment experience across asset management, portfolio management, equity research, and capital markets. • Mr. Agarwal was engaged with UTI AMC, where he gained extensive experience in equity research across healthcare, telecom, technology and midcap sectors. He also contributed to Barclays Wealth, providing investment research and insights tailored for high-net-worth clients. • • Mr. Agarwal’s professional journey includes global exposure through roles at Lehman Brothers (London), BNP Paribas (Hong Kong) and D. E. Shaw (Proprietary trading systems).

Funds managed (9)

All schemes Ankit Agarwal runs →

BSBhalchandra ShindeStart date not disclosed

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

Funds managed (8)

All schemes Bhalchandra Shinde 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 Shetty Varun Sharma Ankit Agarwal Bhalchandra Shinde

Top holdings

ABB India Limited Bosch Limited Solar Industries India Limited Dixon Technologies (India) Limited Tempsens Instruments (India) Limited PNB Housing Finance Limited Bajaj Finance Ltd UNO Minda Limited Schneider Electric Infrastructure Limited ICICI Bank Limited Garware Hi-Tech Films Limited RBL Bank Limited

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.

Run SIP calculator Add to compare

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 Contra funds

Contra funds take contrarian bets — buying out-of-favour stocks or sectors the market has written off, wagering on a turnaround. The approach can be early and needs time to play out.

Frequently asked questions

What is the NAV of Motilal Oswal Contra Fund?

As of 01 Oct 2026, the NAV of Motilal Oswal Contra Fund is ₹10.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Motilal Oswal Contra Fund delivered?

Motilal Oswal Contra Fund has returned +3.08% 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 Contra Fund?

Motilal Oswal Contra Fund charges an expense ratio of 2.18% 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 Contra Fund?

Motilal Oswal Contra Fund's largest holdings are ABB India Limited (5.4%), Bosch Limited (4.6%), Solar Industries India Limited (4.6%), Dixon Technologies (India) Limited (4.1%) and Tempsens Instruments (India) Limited (4.0%). Holdings are disclosed monthly and change over time.

How risky is Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -6.0%. 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 Contra Fund?

Motilal Oswal Contra 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 Contra Fund?

Motilal Oswal Contra Fund is managed by Rakesh Shetty, Varun Sharma, Ankit Agarwal and Bhalchandra Shinde at Motilal Oswal.

How is Motilal Oswal Contra Fund taxed?

Motilal Oswal Contra 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.