Motilal Oswal Contra Fund vs Motilal Oswal Innovation Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Contra Fund is a Value and Contra fund and Motilal Oswal Innovation Opportunities Fund is a Thematic fund. Motilal Oswal Contra Fund charges 2.18% a year and Motilal Oswal Innovation Opportunities Fund 1.29% (Direct plans). Their portfolios overlap 23.8%: they hold 10 of the same securities.
Motilal Oswal Innovation Opportunities Fund
Thematic
- Expense ratio
- 1.29%
- NAV
- ₹13.62
Which is better, Motilal Oswal Contra or Motilal Oswal Innovation Opportunities? 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 Innovation Opportunities costs less: 1.29% a year against 2.18% (Direct plans).
- Motilal Oswal Contra fell less in its worst fall since 04-06-2026: −9.1% against −12.5%.
- Motilal Oswal Contra holds more in large companies: 47.2% of the fund in large caps against 14.0%.
- Motilal Oswal Innovation Opportunities is the larger fund: ₹856 Cr against ₹407 Cr.
- Their portfolios overlap 23.8%: 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 Contra Fund | Motilal Oswal Innovation Opportunities Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Value and Contra | Thematic |
| AUM | ₹407 Cr (30-09-2026) | ₹856 Cr (30-09-2026) |
| NAV | ₹10.21 (Direct) | ₹13.62 (Direct) |
| Expense ratio (Direct) | 2.18% | 1.29% |
| Expense ratio (Regular) | 3.85% | 2.60% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: 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 Contra Fund (Direct) | −1.53% | −2.15% | -- | -- | -- | -- | -- |
| Motilal Oswal Innovation Opportunities Fund (Direct) | −7.28% | −5.22% | +8.32% | +1.58% | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds and the 235 Thematic funds, same plan type.
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: Year-wise Returns
| Year | ContraMotilal Oswal Contra | Innovation OpportunitiesMotilal Oswal Innovation Opportunities | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | -- | +8.28% | −7.51% |
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Contra Fund (Direct) | Motilal Oswal Innovation Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.95% | +20.12% |
| Standard deviation | 13.40% | 17.30% |
| Sharpe ratio | -0.02 | 0.85 |
| Sortino ratio | -0.03 | 1.23 |
| Maximum drawdown | −9.1% (23-10-2026) | −19.4% (31-03-2026) |
| Beta | 0.89 | 1.05 |
| Alpha | +8.97% | +15.01% |
From daily NAVs, 04-06-2026 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 Contra Fund (Regular)
Motilal Oswal Innovation Opportunities 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 Contra Fund (Regular) | −9.1% | 11-09-2026 | 23-10-2026 | Not yet | -- | −6.5% |
| Motilal Oswal Innovation Opportunities Fund (Direct) | −12.5% | 11-09-2026 | 23-10-2026 | Not yet | -- | −11.5% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 04-06-2026, the first day every fund has.
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Contra Fund, September 2026; Motilal Oswal Innovation Opportunities Fund, September 2026
Holdings in common
- Overlap
- 23.8%
- Held by both
- 10
- Only in Motilal Oswal Contra
- 25
- Only in Motilal Oswal Innovation Opportunities
- 23
| Security | % of Motilal Oswal Contra | % of Motilal Oswal Innovation Opportunities |
|---|---|---|
| ESDS Software Solution Ltd | 3.55% | 4.58% |
| UNO Minda Limited | 3.69% | 3.26% |
| Solar Industries India Limited | 5.63% | 3.15% |
| RBL Bank Limited | 2.90% | 4.15% |
| Garware Hi-Tech Films Limited | 2.86% | 3.04% |
| ABB India Limited | 5.21% | 2.72% |
| PG Electroplast Limited | 1.90% | 2.03% |
| Ola Electric Mobility Ltd | 1.47% | 2.39% |
| eClerx Services Limited | 1.27% | 2.99% |
| Lumino Industries Limited | 1.58% | 0.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.8% means 23.8% 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 Contra Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 5.39% |
| Bosch Limited | 4.76% |
| Divi's Laboratories Limited | 4.65% |
| HDFC Bank Limited | 3.86% |
| Meesho Ltd | 3.09% |
Largest holdings only in Motilal Oswal Innovation Opportunities Fund
| Security | % of fund |
|---|---|
| Coforge Limited | 4.76% |
| InterGlobe Aviation Limited | 4.08% |
| CG Power and Industrial Solutions Limited | 4.02% |
| Syrma SGS Technology Ltd | 3.98% |
| Allied Blenders And Distillers Limited | 3.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Contra | Motilal Oswal Innovation Opportunities |
|---|---|---|
| Equity | 93.7% | 93.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.3% | 6.2% |
Market cap of stocks
| Market cap | Motilal Oswal Contra | Motilal Oswal Innovation Opportunities |
|---|---|---|
| Large Cap | 47.2% | 14.0% |
| Mid Cap | 18.0% | 14.8% |
| Small Cap | 21.2% | 55.5% |
| Not on AMFI's list | 7.2% | 9.5% |
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 Contra | Motilal Oswal Innovation Opportunities |
|---|---|---|
| Banks | 17.1% | 4.2% |
| Auto Components | 12.9% | 4.1% |
| Electrical Equipment | 7.4% | 12.2% |
| Pharmaceuticals & Biotechnology | 9.7% | 2.3% |
| Consumer Durables | 4.6% | 8.4% |
| IT - Software | 4.3% | 8.2% |
| Capital Markets | 7.2% | 0.0% |
| Healthcare Services | 0.0% | 6.6% |
| Finance | 6.4% | 2.6% |
| Chemicals & Petrochemicals | 5.6% | 5.3% |
| Retailing | 3.1% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Contra vs Motilal Oswal Innovation Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Contra Fund | Motilal Oswal Innovation Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.18% | 1.29% |
| Base expense ratio (Direct) | 0.61% | 0.75% |
| Total expense ratio (Regular) | 3.85% | 2.60% |
| Base expense ratio (Regular) | 2.10% | 1.99% |
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 Contra with
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- Motilal Oswal Innovation Opportunities vs SBI Healthcare Opportunities
- Motilal Oswal Innovation Opportunities vs Aditya Birla Sun Life International Equity
Motilal Oswal Contra Fund vs Motilal Oswal Innovation Opportunities Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Contra Fund and Motilal Oswal Innovation Opportunities Fund?
Motilal Oswal Contra Fund is a Value and Contra fund, Motilal Oswal Innovation Opportunities Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 23.8%. Motilal Oswal Contra Fund charges 2.18% a year and Motilal Oswal Innovation Opportunities Fund 1.29%.
Which has the lower expense ratio, Motilal Oswal Contra Fund or Motilal Oswal Innovation Opportunities Fund?
Motilal Oswal Innovation Opportunities Fund charges less: 1.29% a year against 2.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Contra Fund and Motilal Oswal Innovation Opportunities Fund overlap?
23.8%. They hold 10 of the same securities, the largest shared ones being ESDS Software Solution Ltd, UNOMINDA, SOLARINDS. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Contra Fund and Motilal Oswal Innovation Opportunities Fund?
Yes. 23.8% 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.