Motilal Oswal Infrastructure Fund vs Motilal Oswal Manufacturing Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Infrastructure Fund is a Thematic fund and Motilal Oswal Manufacturing Fund is a Thematic fund. In the year to 30-10-2026, Motilal Oswal Infrastructure Fund (Direct) returned −0.7% and Motilal Oswal Manufacturing Fund (Direct) returned −3.9%. Motilal Oswal Infrastructure Fund charges 1.61% a year and Motilal Oswal Manufacturing Fund 1.93% (Direct plans). Their portfolios overlap 28.0%: they hold 10 of the same securities.
Motilal Oswal Infrastructure Fund
Thematic
- 1 year return
- −0.7%
- Expense ratio
- 1.61%
- NAV
- ₹12.42
Motilal Oswal Manufacturing Fund
Thematic
- 1 year return
- −3.9%
- Expense ratio
- 1.93%
- NAV
- ₹11.38
Which is better, Motilal Oswal Infrastructure 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 Infrastructure returned more over 1 year: −0.7% against −3.9%.
- Motilal Oswal Infrastructure costs less: 1.61% a year against 1.93% (Direct plans).
- Motilal Oswal Infrastructure fell less in its worst fall since 19-05-2025: −10.1% against −18.1%.
- Motilal Oswal Manufacturing is the larger fund: ₹669 Cr against ₹152 Cr.
- Their portfolios overlap 28.0%: 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 Infrastructure Fund | Motilal Oswal Manufacturing Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹152 Cr (30-09-2026) | ₹669 Cr (30-09-2026) |
| NAV | ₹12.42 (Direct) | ₹11.38 (Direct) |
| Expense ratio (Direct) | 1.61% | 1.93% |
| Expense ratio (Regular) | 2.96% | 3.22% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Infrastructure TRI | Nifty India Manufacturing TRI |
| Launch date | 13-05-2025 | 08-08-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty | Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, Sunil Sawant |
| Exit load | 1% - If redeemed within 3 months from the day of allotment. Nil - If redeemed after 3 months from the date of allotment. | 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 Infrastructure 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 Infrastructure Fund (Direct) | −2.38% | −1.50% | −3.40% | −0.70% | -- | -- | -- |
| Motilal Oswal Manufacturing Fund (Direct) | −2.50% | −1.74% | +1.46% | −3.90% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Infrastructure vs Motilal Oswal Manufacturing: Year-wise Returns
| Year | InfrastructureMotilal Oswal Infrastructure | ManufacturingMotilal Oswal Manufacturing |
|---|---|---|
| 2026to date | +2.11% | −0.16% |
| 2025 | -- | −3.72% |
Motilal Oswal Infrastructure vs Motilal Oswal Manufacturing: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of Motilal Oswal Infrastructure Fund
Rolling returns
Every 1-year holding period, 112 of them, one for each trading day from 19-05-2026 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 Infrastructure Fund (Direct)
Motilal Oswal Manufacturing Fund (Direct)
Nifty Infrastructure TRI
to
Jun 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 Infrastructure | 6.3 | 9.8 | 28.6 | 37.5 | 12.5 | 5.4 | 0.0 | 10.1% | 10.7% | −4.3% | 22.0% | 100% |
| Motilal Oswal Manufacturing | 28.6 | 50.0 | 20.5 | 0.9 | 0.0 | 0.0 | 0.0 | 1.9% | 1.9% | −7.5% | 10.4% | 54% |
| Nifty Infrastructure TRI | 29.5 | 50.9 | 19.6 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5% | 2.8% | −8.5% | 7.6% | -- |
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 Nifty Infrastructure 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 19-05-2025. Past returns do not promise future returns.
Motilal Oswal Infrastructure vs Motilal Oswal Manufacturing: 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 19-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal InfrastructureMotilal Oswal Infrastructure Fund (Direct) | ₹1,80,000 | ₹1,85,807 | ₹5,807 | 4.1% |
| Motilal Oswal ManufacturingMotilal Oswal Manufacturing Fund (Direct) | ₹1,80,000 | ₹1,81,157 | ₹1,157 | 0.8% |
Motilal Oswal InfrastructureMotilal Oswal Infrastructure Fund (Direct)
Motilal Oswal ManufacturingMotilal Oswal Manufacturing 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 Infrastructure 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 Infrastructure Fund (Direct) | Motilal Oswal Manufacturing Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.70% | −3.90% |
| Standard deviation | 16.42% | 17.13% |
| Sharpe ratio | -0.36 | -0.53 |
| Sortino ratio | -0.49 | -0.72 |
| Maximum drawdown | −10.1% (23-10-2026) | −15.3% (31-03-2026) |
| Beta | 0.92 | 0.98 |
| Alpha | +5.88% | −2.36% |
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 Infrastructure Fund (Direct) | Motilal Oswal Manufacturing Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.30% | +5.67% |
| Standard deviation | 15.20% | 19.31% |
| Sharpe ratio | 0.39 | -0.00 |
| Sortino ratio | 0.55 | -0.01 |
| Maximum drawdown | −10.1% (23-10-2026) | −26.2% (28-02-2025) |
| Beta | 0.88 | 1.05 |
| Alpha | +11.44% | +4.03% |
From daily NAVs, 19-05-2025 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.
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 Infrastructure Fund (Direct)
Motilal Oswal Manufacturing Fund (Direct)
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Infrastructure Fund (Direct) | −10.1% | 22-06-2026 | 23-10-2026 | Not yet | -- | −6.4% |
| Motilal Oswal Manufacturing Fund (Direct) | −18.1% | 17-09-2025 | 31-03-2026 | Not yet | -- | −7.3% |
| Nifty Infrastructure TRI | −12.3% | 02-01-2026 | 12-10-2026 | Not yet | -- | −9.3% |
From daily values since 19-05-2025, 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 Infrastructure Fund (Direct)
Motilal Oswal Manufacturing Fund (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Infrastructure Fund (Direct) | 74% | 28% | 8.90% |
| Motilal Oswal Manufacturing Fund (Direct) | 56% | 54% | 10.50% |
From month-end values since 19-05-2025. 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 Infrastructure vs Motilal Oswal Manufacturing: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Infrastructure Fund, September 2026; Motilal Oswal Manufacturing Fund, September 2026
Holdings in common
- Overlap
- 28.0%
- Held by both
- 10
- Only in Motilal Oswal Infrastructure
- 19
- Only in Motilal Oswal Manufacturing
- 23
| Security | % of Motilal Oswal Infrastructure | % of Motilal Oswal Manufacturing |
|---|---|---|
| ABB India Limited | 5.27% | 5.63% |
| Solar Industries India Limited | 5.19% | 7.13% |
| Samvardhana Motherson International Limited | 6.96% | 4.93% |
| Karamtara Engineering Limited | 4.10% | 3.72% |
| UNO Minda Limited | 3.14% | 4.41% |
| APL Apollo Tubes Limited | 1.97% | 2.00% |
| Schneider Electric Infrastructure Limited | 2.52% | 1.74% |
| PG Electroplast Limited | 1.54% | 1.88% |
| Spectrum Electrical Industries Ltd | 1.93% | 0.41% |
| ESDS Software Solution Ltd | 0.08% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.0% means 28.0% 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 Infrastructure Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 5.77% |
| Apollo Hospitals Enterprise Limited | 4.44% |
| Siemens Limited | 4.39% |
| Vijaya Diagnostic Centre Limited | 4.18% |
| VA Tech Wabag Limited | 4.14% |
Largest holdings only in Motilal Oswal Manufacturing Fund
| Security | % of fund |
|---|---|
| Bosch Limited | 5.12% |
| Sun Pharmaceutical Industries Limited | 4.55% |
| Garware Hi-Tech Films Limited | 4.13% |
| Divi's Laboratories Limited | 4.03% |
| Anthem Biosciences Limited | 4.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Infrastructure | Motilal Oswal Manufacturing |
|---|---|---|
| Equity | 92.5% | 95.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 7.5% | 4.5% |
Market cap of stocks
| Market cap | Motilal Oswal Infrastructure | Motilal Oswal Manufacturing |
|---|---|---|
| Large Cap | 49.7% | 40.6% |
| Mid Cap | 8.9% | 24.0% |
| Small Cap | 26.3% | 21.8% |
| Not on AMFI's list | 7.6% | 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 Infrastructure | Motilal Oswal Manufacturing |
|---|---|---|
| Electrical Equipment | 16.3% | 19.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 18.0% |
| Auto Components | 10.1% | 16.6% |
| Chemicals & Petrochemicals | 5.2% | 11.8% |
| Healthcare Services | 9.6% | 0.0% |
| Industrial Manufacturing | 8.5% | 2.6% |
| Industrial Products | 5.2% | 7.7% |
| Consumer Durables | 1.5% | 6.8% |
| Construction | 6.3% | 0.0% |
| Telecom - Services | 5.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Infrastructure vs Motilal Oswal Manufacturing: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Infrastructure Fund | Motilal Oswal Manufacturing Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.61% | 1.93% |
| Base expense ratio (Direct) | 0.82% | 0.87% |
| Total expense ratio (Regular) | 2.96% | 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 Infrastructure with
Compare Motilal Oswal Manufacturing with
Motilal Oswal Infrastructure Fund vs Motilal Oswal Manufacturing Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Infrastructure Fund and Motilal Oswal Manufacturing Fund?
Motilal Oswal Infrastructure Fund is a Thematic fund, Motilal Oswal Manufacturing Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 28.0%. Motilal Oswal Infrastructure Fund charges 1.61% a year and Motilal Oswal Manufacturing Fund 1.93%.
Which has given higher returns, Motilal Oswal Infrastructure Fund or Motilal Oswal Manufacturing Fund?
Over 1 year: Motilal Oswal Infrastructure Fund −0.70%, Motilal Oswal Manufacturing Fund −3.90%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Infrastructure Fund or Motilal Oswal Manufacturing Fund?
Motilal Oswal Infrastructure Fund charges less: 1.61% a year against 1.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Infrastructure Fund and Motilal Oswal Manufacturing Fund overlap?
28.0%. They hold 10 of the same securities, the largest shared ones being ABB, SOLARINDS, MOTHERSON. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Infrastructure Fund or Motilal Oswal Manufacturing Fund?
On SEBI's riskometer, Motilal Oswal Infrastructure Fund is rated Very High and Motilal Oswal Manufacturing Fund Very High. Over 1 years, the standard deviation of daily returns was 16.42% and 17.13% a year.
Can I invest in both Motilal Oswal Infrastructure Fund and Motilal Oswal Manufacturing Fund?
Yes. 28.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Infrastructure Fund and Motilal Oswal Manufacturing Fund?
Motilal Oswal Infrastructure Fund: Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty. Motilal Oswal Manufacturing Fund: Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, Sunil Sawant.
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.