Motilal Oswal Contra Fund vs Motilal Oswal Manufacturing Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Contra Fund is a Value and Contra fund and Motilal Oswal Manufacturing Fund is a Thematic fund. Motilal Oswal Contra Fund charges 2.18% a year and Motilal Oswal Manufacturing Fund 1.93% (Direct plans). Their portfolios overlap 41.6%: they hold 14 of the same securities.
Motilal Oswal Manufacturing Fund
Thematic
- Expense ratio
- 1.93%
- NAV
- ₹11.38
Which is better, Motilal Oswal Contra or Motilal Oswal Manufacturing? 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 Manufacturing costs less: 1.93% a year against 2.18% (Direct plans).
- Motilal Oswal Contra fell less in its worst fall since 04-06-2026: −9.1% against −10.6%.
- Motilal Oswal Manufacturing is the larger fund: ₹669 Cr against ₹407 Cr.
- Their portfolios overlap 41.6%: 14 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 Manufacturing Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Value and Contra | Thematic |
| AUM | ₹407 Cr (30-09-2026) | ₹669 Cr (30-09-2026) |
| NAV | ₹10.21 (Direct) | ₹11.38 (Direct) |
| Expense ratio (Direct) | 2.18% | 1.93% |
| Expense ratio (Regular) | 3.85% | 3.22% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty India Manufacturing TRI |
| Launch date | Not available | 08-08-2024 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, Sunil Sawant |
| Exit load | Not available | 1% - If redeemed on or before 3 Months from the date of allotment. Nil - If redeemed after 3 Months from the date of allotment. |
Motilal Oswal Contra vs Motilal Oswal Manufacturing: 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 Manufacturing Fund (Direct) | −2.50% | −1.74% | +1.46% | −3.90% | -- | -- | -- |
| 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 Manufacturing: Year-wise Returns
| Year | ContraMotilal Oswal Contra | ManufacturingMotilal Oswal Manufacturing |
|---|---|---|
| 2026to date | -- | −0.16% |
| 2025 | -- | −3.72% |
Motilal Oswal Contra vs Motilal Oswal Manufacturing: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Motilal Oswal Contra Fund
Motilal Oswal Contra vs Motilal Oswal Manufacturing: 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 Manufacturing Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.95% | +5.67% |
| Standard deviation | 13.40% | 19.31% |
| Sharpe ratio | -0.02 | -0.00 |
| Sortino ratio | -0.03 | -0.01 |
| Maximum drawdown | −9.1% (23-10-2026) | −26.2% (28-02-2025) |
| Beta | 0.89 | 1.05 |
| Alpha | +8.97% | +4.03% |
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 Manufacturing 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 Manufacturing Fund (Direct) | −10.6% | 31-08-2026 | 23-10-2026 | Not yet | -- | −7.1% |
| 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 Manufacturing: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Contra Fund, September 2026; Motilal Oswal Manufacturing Fund, September 2026
Holdings in common
- Overlap
- 41.6%
- Held by both
- 14
- Only in Motilal Oswal Contra
- 21
- Only in Motilal Oswal Manufacturing
- 19
| Security | % of Motilal Oswal Contra | % of Motilal Oswal Manufacturing |
|---|---|---|
| Solar Industries India Limited | 5.63% | 7.13% |
| ABB India Limited | 5.21% | 5.63% |
| Bosch Limited | 4.76% | 5.12% |
| Divi's Laboratories Limited | 4.65% | 4.03% |
| UNO Minda Limited | 3.69% | 4.41% |
| Garware Hi-Tech Films Limited | 2.86% | 4.13% |
| Samvardhana Motherson International Limited | 2.81% | 4.93% |
| Mankind Pharma Limited | 2.57% | 2.49% |
| Torrent Pharmaceuticals Limited | 2.46% | 2.93% |
| Titan Company Limited | 2.67% | 2.43% |
| PG Electroplast Limited | 1.90% | 1.88% |
| Schneider Electric Infrastructure Limited | 2.16% | 1.74% |
| Ola Electric Mobility Ltd | 1.47% | 1.48% |
| ESDS Software Solution Ltd | 3.55% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.6% means 41.6% 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% |
| HDFC Bank Limited | 3.86% |
| Meesho Ltd | 3.09% |
| Kotak Mahindra Bank Ltd | 3.05% |
| RBL Bank Limited | 2.90% |
Largest holdings only in Motilal Oswal Manufacturing Fund
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Limited | 4.55% |
| Anthem Biosciences Limited | 4.00% |
| Karamtara Engineering Limited | 3.72% |
| TD Power Systems Ltd | 3.19% |
| Azad Engineering Ltd | 3.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Contra | Motilal Oswal Manufacturing |
|---|---|---|
| Equity | 93.7% | 95.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.3% | 4.5% |
Market cap of stocks
| Market cap | Motilal Oswal Contra | Motilal Oswal Manufacturing |
|---|---|---|
| Large Cap | 47.2% | 40.6% |
| Mid Cap | 18.0% | 24.0% |
| Small Cap | 21.2% | 21.8% |
| Not on AMFI's list | 7.2% | 9.1% |
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 Contra | Motilal Oswal Manufacturing |
|---|---|---|
| Electrical Equipment | 7.4% | 19.4% |
| Pharmaceuticals & Biotechnology | 9.7% | 18.0% |
| Banks | 17.1% | 0.0% |
| Auto Components | 12.9% | 16.6% |
| Chemicals & Petrochemicals | 5.6% | 11.8% |
| Industrial Products | 4.4% | 7.7% |
| Capital Markets | 7.2% | 0.0% |
| Consumer Durables | 4.6% | 6.8% |
| Finance | 6.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Contra vs Motilal Oswal Manufacturing: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Contra Fund | Motilal Oswal Manufacturing Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.18% | 1.93% |
| Base expense ratio (Direct) | 0.61% | 0.87% |
| Total expense ratio (Regular) | 3.85% | 3.22% |
| Base expense ratio (Regular) | 2.10% | 2.06% |
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
Compare Motilal Oswal Manufacturing with
Motilal Oswal Contra Fund vs Motilal Oswal Manufacturing Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Contra Fund and Motilal Oswal Manufacturing Fund?
Motilal Oswal Contra Fund is a Value and Contra fund, Motilal Oswal Manufacturing Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 41.6%. Motilal Oswal Contra Fund charges 2.18% a year and Motilal Oswal Manufacturing Fund 1.93%.
Which has the lower expense ratio, Motilal Oswal Contra Fund or Motilal Oswal Manufacturing Fund?
Motilal Oswal Manufacturing Fund charges less: 1.93% 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 Manufacturing Fund overlap?
41.6%. They hold 14 of the same securities, the largest shared ones being SOLARINDS, ABB, BOSCHLTD. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Contra Fund and Motilal Oswal Manufacturing Fund?
Yes. 41.6% of each fund's money sits in the same holdings, so a large part 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.