Motilal Oswal Balanced Advantage Fund vs Motilal Oswal Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Balanced Advantage Fund is a Balanced Advantage fund and Motilal Oswal Multi Cap Fund is a Multi Cap fund. In the year to 30-10-2026, Motilal Oswal Balanced Advantage Fund (Direct) returned −4.4% and Motilal Oswal Multi Cap Fund (Direct) returned 5.1%. Motilal Oswal Balanced Advantage Fund charges 1.55% a year and Motilal Oswal Multi Cap Fund 1.20% (Direct plans). Their portfolios overlap 24.0%: they hold 10 of the same securities.
Motilal Oswal Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −4.4%
- Expense ratio
- 1.55%
- NAV
- ₹21.74
Motilal Oswal Multi Cap Fund
Multi Cap
- 1 year return
- 5.1%
- Expense ratio
- 1.20%
- NAV
- ₹14.86
Which is better, Motilal Oswal Balanced Advantage or Motilal Oswal Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Multi Cap returned more over 1 year: 5.1% against −4.4%.
- Motilal Oswal Multi Cap costs less: 1.20% a year against 1.55% (Direct plans).
- Motilal Oswal Multi Cap fell less in its worst fall since 21-06-2024: −24.1% against −26.5%.
- Motilal Oswal Multi Cap is the larger fund: ₹4,601 Cr against ₹712 Cr.
- Their portfolios overlap 24.0%: 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 | Motilal Oswal Balanced Advantage Fund | Motilal Oswal Multi Cap Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Balanced Advantage | Multi Cap |
| AUM | ₹712 Cr (30-09-2026) | ₹4,601 Cr (30-09-2026) |
| NAV | ₹21.74 (Direct) | ₹14.86 (Direct) |
| Expense ratio (Direct) | 1.55% | 1.20% |
| Expense ratio (Regular) | 2.81% | 2.31% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 27-09-2016 | 18-06-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Sandeep Jain, Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar | Ajay Khandelwal, Sandeep Jain, Atul Mehra, Rakesh Shetty, Swapnil Mayekar |
| Exit load | 1% - If redeemed on or before 365 days from the date of allotment. Nil - If redeemed after 365 days from the date of allotment. | 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. |
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: 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 |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Balanced Advantage Fund (Direct) | +0.24% | +1.94% | +8.19% | −4.37% | +2.71% | +5.58% | +7.96% |
| Motilal Oswal Multi Cap Fund (Direct) | −1.25% | +3.81% | +17.42% | +5.13% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 33 Multi Cap funds, same plan type.
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: Year-wise Returns
| Year | Balanced AdvantageMotilal Oswal Balanced Advantage | Multi CapMotilal Oswal Multi Cap |
|---|---|---|
| 2026to date | +1.00% | +10.31% |
| 2025 | −5.86% | −2.29% |
| 2024 | +10.76% | -- |
| 2023 | +25.60% | -- |
| 2022 | +0.14% | -- |
| 2021 | +8.74% | -- |
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Motilal Oswal Multi Cap Fund
Rolling returns
Every 1-year holding period, 334 of them, one for each trading day from 23-06-2025 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.
Motilal Oswal Balanced Advantage Fund (Direct)
Motilal Oswal Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Aug 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Balanced Advantage | 81.4 | 17.7 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | −3.9% | −3.9% | −15.8% | 6.2% | 4% |
| Motilal Oswal Multi Cap | 25.7 | 22.2 | 15.0 | 13.5 | 12.6 | 3.0 | 8.1 | 7.6% | 5.6% | −12.6% | 32.5% | 56% |
| Nifty500 Multicap 50:25:25 TRI | 26.9 | 39.5 | 26.3 | 5.4 | 1.8 | 0.0 | 0.0 | 3.2% | 2.8% | −7.6% | 16.2% | -- |
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 Nifty500 Multicap 50:25:25 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 21-06-2024. Past returns do not promise future returns.
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: 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 03-06-2024 to 30-10-2026: 29 instalments, ₹2,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Balanced AdvantageMotilal Oswal Balanced Advantage Fund (Direct) | ₹2,90,000 | ₹2,91,779 | ₹1,779 | 0.5% |
| Motilal Oswal Multi CapMotilal Oswal Multi Cap Fund (Direct) | ₹2,90,000 | ₹3,35,901 | ₹45,901 | 12.3% |
Motilal Oswal Balanced AdvantageMotilal Oswal Balanced Advantage Fund (Direct)
Motilal Oswal Multi CapMotilal Oswal Multi Cap 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.
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Balanced Advantage Fund (Direct) | Motilal Oswal Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.37% | +5.13% |
| Standard deviation | 11.56% | 17.58% |
| Sharpe ratio | -0.83 | -0.01 |
| Sortino ratio | -1.12 | -0.01 |
| Maximum drawdown | −17.7% (30-03-2026) | −23.9% (30-03-2026) |
| Beta | -- | 1.06 |
| Alpha | -- | +11.89% |
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 | Motilal Oswal Balanced Advantage Fund (Direct) | Motilal Oswal Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.96% | +17.06% |
| Standard deviation | 11.21% | 18.15% |
| Sharpe ratio | 0.23 | 0.62 |
| Sortino ratio | 0.31 | 0.88 |
| Maximum drawdown | −26.5% (28-02-2025) | −24.1% (30-03-2026) |
| Beta | -- | 1.07 |
| Alpha | -- | +16.92% |
From daily NAVs, 28-09-2016 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.
Motilal Oswal Balanced Advantage Fund (Direct)
Motilal Oswal Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Balanced Advantage Fund (Direct) | −26.5% | 05-09-2024 | 28-02-2025 | Not yet | -- | −15.1% |
| Motilal Oswal Multi Cap Fund (Direct) | −24.1% | 17-09-2025 | 30-03-2026 | 03-08-2026 | 4 months | −5.3% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 21-06-2024, 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.
Motilal Oswal Balanced Advantage Fund (Direct)
Motilal Oswal Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Balanced Advantage Fund (Direct) | 79% | 89% | 9.79% |
| Motilal Oswal Multi Cap Fund (Direct) | 161% | 89% | 12.64% |
From month-end values since 21-06-2024. 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.
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Balanced Advantage Fund, September 2026; Motilal Oswal Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 24.0%
- Held by both
- 10
- Only in Motilal Oswal Balanced Advantage
- 21
- Only in Motilal Oswal Multi Cap
- 25
| Security | % of Motilal Oswal Balanced Advantage | % of Motilal Oswal Multi Cap |
|---|---|---|
| Eternal Limited | 3.55% | 4.38% |
| Lenskart Solutions Limited | 3.28% | 4.30% |
| Coforge Limited | 4.06% | 3.04% |
| Shaily Engineering Plastics Limited | 2.95% | 4.02% |
| IndusInd Bank Limited | 3.20% | 2.94% |
| ABB India Limited | 2.13% | 2.66% |
| Shriram Finance Limited | 1.82% | 2.59% |
| Diamond Power Infrastructure Ltd. | 3.29% | 1.65% |
| Manipal Health Enterprises Ltd | 1.59% | 1.69% |
| Billionbrains Garage Ventures Ltd | 2.11% | 1.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.0% means 24.0% 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 Motilal Oswal Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd | 4.35% |
| 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% |
Largest holdings only in Motilal Oswal Multi Cap Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 5.03% |
| Kalyan Jewellers India Limited | 3.51% |
| RBL Bank Limited | 3.45% |
| CG Power and Industrial Solutions Limited | 3.40% |
| One 97 Communications Limited | 3.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Balanced Advantage | Motilal Oswal Multi Cap |
|---|---|---|
| Equity | 68.5% | 93.7% |
| Debt | 17.3% | 0.0% |
| Cash and others | 14.2% | 6.3% |
Market cap of stocks
| Market cap | Motilal Oswal Balanced Advantage | Motilal Oswal Multi Cap |
|---|---|---|
| Large Cap | 35.0% | 29.5% |
| Mid Cap | 18.5% | 29.3% |
| Small Cap | 6.2% | 32.8% |
| Not on AMFI's list | 8.8% | 2.1% |
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 | Motilal Oswal Balanced Advantage | Motilal Oswal Multi Cap |
|---|---|---|
| Retailing | 6.8% | 11.7% |
| Banks | 11.0% | 6.4% |
| Finance | 1.8% | 10.9% |
| Electrical Equipment | 8.1% | 10.0% |
| Consumer Durables | 7.5% | 9.8% |
| Transport Services | 1.6% | 6.0% |
| Capital Markets | 5.6% | 5.5% |
| Beverages | 5.2% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Balanced Advantage vs Motilal Oswal Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Balanced Advantage Fund | Motilal Oswal Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.55% | 1.20% |
| Base expense ratio (Direct) | 0.93% | 0.61% |
| Total expense ratio (Regular) | 2.81% | 2.31% |
| Base expense ratio (Regular) | 2.04% | 1.62% |
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
Each fund against the others of its category
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Motilal Oswal Balanced Advantage Fund vs Motilal Oswal Multi Cap Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Balanced Advantage Fund and Motilal Oswal Multi Cap Fund?
Motilal Oswal Balanced Advantage Fund is a Balanced Advantage fund, Motilal Oswal Multi Cap Fund is a Multi Cap fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 24.0%. Motilal Oswal Balanced Advantage Fund charges 1.55% a year and Motilal Oswal Multi Cap Fund 1.20%.
Which has given higher returns, Motilal Oswal Balanced Advantage Fund or Motilal Oswal Multi Cap Fund?
Over 1 year: Motilal Oswal Balanced Advantage Fund −4.37%, Motilal Oswal Multi Cap Fund +5.13%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Balanced Advantage Fund or Motilal Oswal Multi Cap Fund?
Motilal Oswal Multi Cap Fund charges less: 1.20% a year against 1.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Balanced Advantage Fund and Motilal Oswal Multi Cap Fund overlap?
24.0%. They hold 10 of the same securities, the largest shared ones being ETERNAL, LENSKART, COFORGE. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Balanced Advantage Fund or Motilal Oswal Multi Cap Fund?
On SEBI's riskometer, Motilal Oswal Balanced Advantage Fund is rated Very High and Motilal Oswal Multi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 11.56% and 17.58% a year.
Can I invest in both Motilal Oswal Balanced Advantage Fund and Motilal Oswal Multi Cap Fund?
Yes. 24.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Balanced Advantage Fund and Motilal Oswal Multi Cap Fund?
Motilal Oswal Balanced Advantage Fund: Sandeep Jain, Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar. Motilal Oswal Multi Cap Fund: Ajay Khandelwal, Sandeep Jain, 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.