JM Large Cap Fund vs Motilal Oswal Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Large Cap Fund is a Large Cap fund and Motilal Oswal Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, JM Large Cap Fund (Direct) returned 10.5% a year and Motilal Oswal Balanced Advantage Fund (Direct) returned 2.7% a year. JM Large Cap Fund charges 1.19% a year and Motilal Oswal Balanced Advantage Fund 1.55% (Direct plans). Their portfolios overlap 21.9%: they hold 10 of the same securities.
Motilal Oswal Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 2.7%
- Expense ratio
- 1.55%
- NAV
- ₹21.74
Which is better, JM Large Cap or Motilal Oswal Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Large Cap returned more over 5 years: 9.5% a year against 5.6%.
- JM Large Cap returned more over 3 years: 10.5% a year against 2.7%.
- JM Large Cap costs less: 1.19% a year against 1.55% (Direct plans).
- Motilal Oswal Balanced Advantage swung less over 3 years: a standard deviation of 12.3% a year against 14.9%.
- JM Large Cap fell less in its worst fall since 28-09-2016: −19.8% against −26.5%.
- JM Large Cap holds more in large companies: 81.1% of the fund in large caps against 35.0%.
- Motilal Oswal Balanced Advantage is the larger fund: ₹712 Cr against ₹356 Cr.
- Their portfolios overlap 21.9%: 10 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | JM Large Cap Fund | Motilal Oswal Balanced Advantage Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Large Cap | Balanced Advantage |
| AUM | ₹356 Cr (30-09-2026) | ₹712 Cr (30-09-2026) |
| NAV | ₹171.67 (Direct) | ₹21.74 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.55% |
| Expense ratio (Regular) | 2.67% | 2.81% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | NIFTY 50 Hybrid Composite Debt 65:35 Index |
| Launch date | 01-04-1995 | 27-09-2016 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar | Sandeep Jain, Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar |
| Exit load | Exit load of 1%, if redeemed within 30 days. | 1% - If redeemed on or before 365 days from the date of allotment. Nil - If redeemed after 365 days from the date of allotment. |
JM Large Cap vs Motilal Oswal Balanced Advantage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JM Large Cap Fund (Direct) | +0.56% | −3.71% | +0.05% | −5.72% | +10.48% | +9.46% | +11.44% |
| Motilal Oswal Balanced Advantage Fund (Direct) | +0.24% | +1.94% | +8.19% | −4.37% | +2.71% | +5.58% | +7.96% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 35 Large Cap funds and the 38 Balanced Advantage funds, same plan type.
JM Large Cap vs Motilal Oswal Balanced Advantage: Year-wise Returns
| Year | JM Large CapJM Large Cap | Motilal Oswal Balanced AdvantageMotilal Oswal Balanced Advantage |
|---|---|---|
| 2026to date | −6.23% | +1.00% |
| 2025 | +5.51% | −5.86% |
| 2024 | +16.81% | +10.76% |
| 2023 | +30.52% | +25.60% |
| 2022 | +4.17% | +0.14% |
| 2021 | +24.56% | +8.74% |
JM Large Cap vs Motilal Oswal Balanced Advantage: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JM Large Cap Fund
Rolling returns
Every 3-year holding period, 1,746 of them, one for each trading day from 30-09-2019 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
JM Large Cap Fund (Direct)
Motilal Oswal Balanced Advantage Fund (Direct)
BSE 100 TRI
to
Apr 2020Jul 2018
to
Jul 2021Sept 2019
to
Sept 2022Dec 2020
to
Dec 2023Feb 2022
to
Feb 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Large Cap | 0.0 | 6.9 | 14.1 | 23.7 | 43.4 | 12.0 | 0.0 | 14.4% | 15.6% | 0.7% | 24.0% | 50% |
| Motilal Oswal Balanced Advantage | 0.0 | 8.6 | 50.1 | 39.8 | 1.5 | 0.0 | 0.0 | 9.0% | 9.2% | 0.5% | 15.8% | 10% |
| BSE 100 TRI | 1.6 | 5.7 | 7.8 | 35.1 | 38.2 | 8.4 | 3.2 | 14.6% | 15.0% | −5.2% | 32.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-09-2016. Past returns do not promise future returns.
JM Large Cap vs Motilal Oswal Balanced Advantage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2016 to 30-10-2026: 122 instalments, ₹12,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Large CapJM Large Cap Fund (Direct) | ₹12,20,000 | ₹22,34,740 | ₹10,14,740 | 11.5% |
| Motilal Oswal Balanced AdvantageMotilal Oswal Balanced Advantage Fund (Direct) | ₹12,20,000 | ₹17,49,537 | ₹5,29,537 | 6.9% |
JM Large CapJM Large Cap Fund (Direct)
Motilal Oswal Balanced AdvantageMotilal Oswal Balanced Advantage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
JM Large Cap vs Motilal Oswal Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Large Cap Fund (Direct) | Motilal Oswal Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.72% | −4.37% |
| Standard deviation | 14.51% | 11.56% |
| Sharpe ratio | -0.76 | -0.83 |
| Sortino ratio | -1.01 | -1.12 |
| Maximum drawdown | −14.5% (31-03-2026) | −17.7% (30-03-2026) |
| Beta | 1.02 | -- |
| Alpha | +3.51% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Large Cap Fund (Direct) | Motilal Oswal Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.48% | +2.71% |
| Standard deviation | 14.91% | 12.29% |
| Sharpe ratio | 0.30 | -0.27 |
| Sortino ratio | 0.40 | -0.36 |
| Maximum drawdown | −19.8% (28-02-2025) | −26.5% (28-02-2025) |
| Beta | 1.06 | -- |
| Alpha | +1.33% | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Large Cap Fund (Direct) | Motilal Oswal Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.46% | +5.58% |
| Standard deviation | 14.57% | 11.50% |
| Sharpe ratio | 0.25 | -0.02 |
| Sortino ratio | 0.34 | -0.03 |
| Maximum drawdown | −19.8% (28-02-2025) | −26.5% (28-02-2025) |
| Beta | 1.01 | -- |
| Alpha | +1.65% | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Large Cap Fund (Direct) | Motilal Oswal Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.86% | +7.96% |
| Standard deviation | 13.37% | 11.21% |
| Sharpe ratio | 0.43 | 0.23 |
| Sortino ratio | 0.60 | 0.31 |
| Maximum drawdown | −19.8% (28-02-2025) | −26.5% (28-02-2025) |
| Beta | 0.77 | -- |
| Alpha | +1.17% | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
JM Large Cap Fund (Direct)
Motilal Oswal Balanced Advantage Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Large Cap Fund (Direct) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.9% |
| Motilal Oswal Balanced Advantage Fund (Direct) | −26.5% | 05-09-2024 | 28-02-2025 | Not yet | -- | −15.1% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 28-09-2016, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Large Cap Fund (Direct)
Motilal Oswal Balanced Advantage Fund (Direct)
BSE 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Large Cap Fund (Direct)
Motilal Oswal Balanced Advantage Fund (Direct)
BSE 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Large Cap Fund (Direct)
Motilal Oswal Balanced Advantage Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Large Cap Fund (Direct) | 81% | 73% | 7.47% |
| Motilal Oswal Balanced Advantage Fund (Direct) | 59% | 53% | 10.31% |
From month-end values since 28-09-2016. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
JM Large Cap vs Motilal Oswal Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: JM Large Cap Fund, September 2026; Motilal Oswal Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 21.9%
- Held by both
- 10
- Only in JM Large Cap
- 39
- Only in Motilal Oswal Balanced Advantage
- 21
| Security | % of JM Large Cap | % of Motilal Oswal Balanced Advantage |
|---|---|---|
| Kotak Mahindra Bank Limited | 3.15% | 4.35% |
| Axis Bank Limited | 2.88% | 3.45% |
| Torrent Pharmaceuticals Limited | 2.80% | 3.15% |
| Larsen & Toubro Limited | 2.90% | 2.80% |
| Titan Company Limited | 2.50% | 2.10% |
| Eternal Limited | 2.03% | 3.55% |
| Shriram Finance Limited | 2.44% | 1.82% |
| United Spirits Limited | 1.75% | 2.51% |
| Billionbrains Garage Ventures Ltd. | 1.30% | 2.11% |
| Samvardhana Motherson International Ltd | 1.24% | 1.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.9% means 21.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in JM Large Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 4.56% |
| Bharti Airtel Limited | 3.88% |
| ICICI Bank Limited | 3.56% |
| Reliance Industries Limited | 3.36% |
| Adani Port & Special Economic Zone Ltd | 2.88% |
Largest holdings only in Motilal Oswal Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Coforge Limited | 4.06% |
| ICICI Prudential Asset Management Company Limited | 3.51% |
| 7.4091% HDB Financial Services Limited 2028 | 3.47% |
| 7.3763% Bajaj Finance Limited 2028 | 3.47% |
| 7.1554% Kotak Mahindra Prime Limited 2028 | 3.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Large Cap | Motilal Oswal Balanced Advantage |
|---|---|---|
| Equity | 95.8% | 68.5% |
| Debt | 0.0% | 17.3% |
| Cash and others | 4.2% | 14.2% |
Market cap of stocks
| Market cap | JM Large Cap | Motilal Oswal Balanced Advantage |
|---|---|---|
| Large Cap | 81.1% | 35.0% |
| Mid Cap | 13.5% | 18.5% |
| Small Cap | 0.1% | 6.2% |
| Not on AMFI's list | 1.1% | 8.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | JM Large Cap | Motilal Oswal Balanced Advantage |
|---|---|---|
| Banks | 16.9% | 11.0% |
| Automobiles | 8.3% | 0.0% |
| Electrical Equipment | 2.4% | 8.1% |
| Consumer Durables | 2.5% | 7.5% |
| Retailing | 2.0% | 6.8% |
| Pharmaceuticals & Biotechnology | 6.3% | 4.5% |
| Capital Markets | 5.1% | 5.6% |
| Finance | 5.2% | 1.8% |
| Beverages | 1.8% | 5.2% |
| IT - Software | 4.2% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
JM Large Cap vs Motilal Oswal Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Large Cap Fund | Motilal Oswal Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.55% |
| Base expense ratio (Direct) | 0.82% | 0.93% |
| Total expense ratio (Regular) | 2.67% | 2.81% |
| Base expense ratio (Regular) | 2.10% | 2.04% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
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JM Large Cap Fund vs Motilal Oswal Balanced Advantage Fund: Frequently Asked Questions
What is the difference between JM Large Cap Fund and Motilal Oswal Balanced Advantage Fund?
JM Large Cap Fund is a Large Cap fund, Motilal Oswal Balanced Advantage Fund is a Balanced Advantage fund, run by JM Financial Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 21.9%. JM Large Cap Fund charges 1.19% a year and Motilal Oswal Balanced Advantage Fund 1.55%.
Which has given higher returns, JM Large Cap Fund or Motilal Oswal Balanced Advantage Fund?
Over 1 year: JM Large Cap Fund −5.72%, Motilal Oswal Balanced Advantage Fund −4.37%. Over 3 years: JM Large Cap Fund +10.48% a year, Motilal Oswal Balanced Advantage Fund +2.71% a year. Over 5 years: JM Large Cap Fund +9.46% a year, Motilal Oswal Balanced Advantage Fund +5.58% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Large Cap Fund or Motilal Oswal Balanced Advantage Fund?
JM Large Cap Fund charges less: 1.19% a year against 1.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Large Cap Fund and Motilal Oswal Balanced Advantage Fund overlap?
21.9%. They hold 10 of the same securities, the largest shared ones being KOTAKBANK, AXISBANK, TORNTPHARM. From each fund's latest monthly portfolio.
Which is riskier, JM Large Cap Fund or Motilal Oswal Balanced Advantage Fund?
On SEBI's riskometer, JM Large Cap Fund is rated Very High and Motilal Oswal Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.91% and 12.29% a year.
Which is better for SIP, JM Large Cap Fund or Motilal Oswal Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,49,911 in JM Large Cap Fund (XIRR 8.1% a year) and ₹6,89,934 in Motilal Oswal Balanced Advantage Fund (XIRR 4.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both JM Large Cap Fund and Motilal Oswal Balanced Advantage Fund?
Yes. 21.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Large Cap Fund and Motilal Oswal Balanced Advantage Fund?
JM Large Cap Fund: Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar. Motilal Oswal Balanced Advantage Fund: Sandeep Jain, Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.