Motilal Oswal Business Cycle Fund vs Motilal Oswal Quality Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Business Cycle Fund is a Thematic fund and Motilal Oswal Quality Fund is a Thematic fund. Motilal Oswal Business Cycle Fund charges 1.43% a year and Motilal Oswal Quality Fund 4.78% (Direct plans). Their portfolios overlap 23.3%: they hold 9 of the same securities.
Motilal Oswal Business Cycle Fund
Thematic
- Expense ratio
- 1.43%
- NAV
- ₹12.09
Which is better, Motilal Oswal Business Cycle or Motilal Oswal Quality? 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 Business Cycle costs less: 1.43% a year against 4.78% (Direct plans).
- Motilal Oswal Quality fell less in its worst fall since 22-09-2026: −6.1% against −11.0%.
- Motilal Oswal Business Cycle is the larger fund: ₹1,449 Cr against ₹40 Cr.
- Their portfolios overlap 23.3%: 9 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 Business Cycle Fund | Motilal Oswal Quality Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,449 Cr (30-09-2026) | ₹40 Cr (30-09-2026) |
| NAV | ₹12.09 (Direct) | ₹9.97 (Direct) |
| Expense ratio (Direct) | 1.43% | 4.78% |
| Expense ratio (Regular) | 2.51% | 4.90% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 27-08-2024 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Ajay Khandelwal, Ankit Agarwal, Varun Sharma, Atul Mehra, Rakesh Shetty, Swapnil Mayekar | Not available |
| 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. | Not available |
Motilal Oswal Business Cycle vs Motilal Oswal Quality: 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 Business Cycle Fund (Direct) | −4.12% | −3.93% | +7.60% | −9.63% | -- | -- | -- |
| Motilal Oswal Quality Fund (Direct) | +0.93% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Business Cycle vs Motilal Oswal Quality: Year-wise Returns
| Year | Business CycleMotilal Oswal Business Cycle | QualityMotilal Oswal Quality |
|---|---|---|
| 2026to date | −4.93% | -- |
| 2025 | −2.30% | -- |
Motilal Oswal Business Cycle vs Motilal Oswal Quality: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Motilal Oswal Business Cycle Fund
Motilal Oswal Business Cycle vs Motilal Oswal Quality: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Business Cycle Fund (Direct) | Motilal Oswal Quality Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.63% | −7.00% |
| Standard deviation | 18.65% | 18.36% |
| Sharpe ratio | 0.05 | -0.68 |
| Sortino ratio | 0.07 | -0.97 |
| Maximum drawdown | −25.0% (23-03-2026) | −6.1% (23-10-2026) |
| Beta | 1.10 | 0.70 |
| Alpha | +10.31% | +9.36% |
From daily NAVs, 02-09-2024 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 Business Cycle Fund (Direct)
Motilal Oswal Quality Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Business Cycle Fund (Direct) | −11.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.7% |
| Motilal Oswal Quality Fund (Direct) | −6.1% | 13-10-2026 | 23-10-2026 | Not yet | -- | −1.5% |
| Nifty 500 TRI | −6.5% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.5% |
From daily values since 22-09-2026, the first day every fund has.
Motilal Oswal Business Cycle vs Motilal Oswal Quality: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Business Cycle Fund, September 2026; Motilal Oswal Quality Fund, September 2026
Holdings in common
- Overlap
- 23.3%
- Held by both
- 9
- Only in Motilal Oswal Business Cycle
- 25
- Only in Motilal Oswal Quality
- 10
| Security | % of Motilal Oswal Business Cycle | % of Motilal Oswal Quality |
|---|---|---|
| Eternal Limited | 5.65% | 4.21% |
| One 97 Communications Limited | 3.46% | 4.47% |
| Billionbrains Garage Ventures Ltd | 2.94% | 3.35% |
| Samvardhana Motherson International Limited | 3.07% | 2.93% |
| Coforge Limited | 4.65% | 2.81% |
| Apollo Hospitals Enterprise Limited | 3.22% | 2.67% |
| Muthoot Finance Limited | 2.11% | 3.25% |
| ABB India Limited | 2.07% | 2.80% |
| Lenskart Solutions Limited | 0.10% | 3.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.3% means 23.3% 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 Business Cycle Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 4.37% |
| Kalyan Jewellers India Limited | 4.09% |
| Max Healthcare Institute Limited | 3.40% |
| Urban Company Ltd | 3.35% |
| IndusInd Bank Limited | 3.29% |
Largest holdings only in Motilal Oswal Quality Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Limited | 4.82% |
| Multi Commodity Exchange of India Limited | 3.82% |
| Shaily Engineering Plastics Limited | 3.73% |
| Acutaas Chemicals Limited | 3.36% |
| Nippon Life India Asset Management Limited | 3.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Business Cycle | Motilal Oswal Quality |
|---|---|---|
| Equity | 98.1% | 59.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.9% | 40.3% |
Market cap of stocks
| Market cap | Motilal Oswal Business Cycle | Motilal Oswal Quality |
|---|---|---|
| Large Cap | 30.9% | 27.3% |
| Mid Cap | 32.8% | 20.4% |
| Small Cap | 31.6% | 12.0% |
| Not on AMFI's list | 2.8% | 0.0% |
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 Business Cycle | Motilal Oswal Quality |
|---|---|---|
| Capital Markets | 6.0% | 10.4% |
| Auto Components | 10.0% | 2.9% |
| Banks | 9.9% | 0.0% |
| Finance | 9.2% | 5.9% |
| Retailing | 9.1% | 7.4% |
| Consumer Durables | 4.9% | 9.0% |
| Electrical Equipment | 8.4% | 2.9% |
| IT - Software | 7.8% | 2.8% |
| Industrial Manufacturing | 0.0% | 4.8% |
| Financial Technology (Fintech) | 3.5% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Business Cycle vs Motilal Oswal Quality: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Business Cycle Fund | Motilal Oswal Quality Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.43% | 4.78% |
| Base expense ratio (Direct) | 0.87% | 1.99% |
| Total expense ratio (Regular) | 2.51% | 4.90% |
| Base expense ratio (Regular) | 1.84% | 2.09% |
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
Compare Motilal Oswal Business Cycle with
Motilal Oswal Business Cycle Fund vs Motilal Oswal Quality Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Business Cycle Fund and Motilal Oswal Quality Fund?
Motilal Oswal Business Cycle Fund is a Thematic fund, Motilal Oswal Quality Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 23.3%. Motilal Oswal Business Cycle Fund charges 1.43% a year and Motilal Oswal Quality Fund 4.78%.
Which has the lower expense ratio, Motilal Oswal Business Cycle Fund or Motilal Oswal Quality Fund?
Motilal Oswal Business Cycle Fund charges less: 1.43% a year against 4.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Business Cycle Fund and Motilal Oswal Quality Fund overlap?
23.3%. They hold 9 of the same securities, the largest shared ones being ETERNAL, PAYTM, GROWW. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Business Cycle Fund and Motilal Oswal Quality Fund?
Yes. 23.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.