Motilal Oswal Midcap Fund vs Motilal Oswal Quality Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Midcap Fund is a Mid Cap fund and Motilal Oswal Quality Fund is a Thematic fund. Motilal Oswal Midcap Fund charges 0.92% a year and Motilal Oswal Quality Fund 4.78% (Direct plans). Their portfolios overlap 26.6%: they hold 8 of the same securities.
Which is better, Motilal Oswal Midcap 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 Midcap costs less: 0.92% a year against 4.78% (Direct plans).
- Motilal Oswal Quality fell less in its worst fall since 22-09-2026: −6.1% against −9.7%.
- Motilal Oswal Midcap is the larger fund: ₹40,208 Cr against ₹40 Cr.
- Their portfolios overlap 26.6%: 8 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 Midcap Fund | Motilal Oswal Quality Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Mid Cap | Thematic |
| AUM | ₹40,208 Cr (30-09-2026) | ₹40 Cr (30-09-2026) |
| NAV | ₹45.45 (Direct) | ₹9.97 (Direct) |
| Expense ratio (Direct) | 0.92% | 4.78% |
| Expense ratio (Regular) | 1.63% | 4.90% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 24-02-2014 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Ajay Khandelwal, Ankit Agarwal, Varun Sharma, Rakesh Shetty, Swapnil Mayekar | Not available |
| 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. | Not available |
Motilal Oswal Midcap 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 Midcap Fund (Direct) | −2.56% | −3.38% | +6.27% | −14.14% | +9.27% | +10.67% | +7.45% |
| Motilal Oswal Quality Fund (Direct) | +0.93% | -- | -- | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds and the 235 Thematic funds, same plan type.
Motilal Oswal Midcap vs Motilal Oswal Quality: Year-wise Returns
| Year | MidcapMotilal Oswal Midcap | QualityMotilal Oswal Quality |
|---|---|---|
| 2026to date | −8.77% | -- |
| 2025 | −16.91% | -- |
| 2024 | +48.57% | -- |
| 2023 | +33.21% | -- |
| 2022 | +4.51% | -- |
| 2021 | +34.33% | -- |
Motilal Oswal Midcap vs Motilal Oswal Quality: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Motilal Oswal Midcap Fund
Motilal Oswal Midcap 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 Midcap Fund (Direct) | Motilal Oswal Quality Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.67% | −7.00% |
| Standard deviation | 19.16% | 18.36% |
| Sharpe ratio | 0.36 | -0.68 |
| Sortino ratio | 0.46 | -0.97 |
| Maximum drawdown | −48.9% (23-03-2020) | −6.1% (23-10-2026) |
| Beta | -- | 0.70 |
| Alpha | -- | +9.36% |
From daily NAVs, 25-02-2014 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 Midcap Fund (Direct)
Motilal Oswal Quality Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Midcap Fund (Direct) | −9.7% | 23-09-2026 | 23-10-2026 | Not yet | -- | −7.3% |
| Motilal Oswal Quality Fund (Direct) | −6.1% | 13-10-2026 | 23-10-2026 | Not yet | -- | −1.5% |
| Nifty Midcap 150 TRI | −10.2% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.1% |
From daily values since 22-09-2026, the first day every fund has.
Motilal Oswal Midcap vs Motilal Oswal Quality: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Midcap Fund, September 2026; Motilal Oswal Quality Fund, September 2026
Holdings in common
- Overlap
- 26.6%
- Held by both
- 8
- Only in Motilal Oswal Midcap
- 22
- Only in Motilal Oswal Quality
- 11
| Security | % of Motilal Oswal Midcap | % of Motilal Oswal Quality |
|---|---|---|
| One 97 Communications Limited | 8.64% | 4.47% |
| Eternal Limited | 6.72% | 4.21% |
| Multi Commodity Exchange of India Limited | 3.74% | 3.82% |
| Billionbrains Garage Ventures Ltd | 3.50% | 3.35% |
| Lenskart Solutions Limited | 2.94% | 3.23% |
| Dixon Technologies (India) Limited | 3.43% | 2.85% |
| Coforge Limited | 5.43% | 2.81% |
| Samvardhana Motherson International Limited | 2.26% | 2.93% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.6% means 26.6% 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 Midcap Fund
| Security | % of fund |
|---|---|
| Kalyan Jewellers India Limited | 7.98% |
| Aditya Birla Capital Limited | 4.64% |
| Persistent Systems Ltd | 4.43% |
| Sterlite Technologies Limited | 4.40% |
| KEI Industries Limited | 4.27% |
Largest holdings only in Motilal Oswal Quality Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Limited | 4.82% |
| Shaily Engineering Plastics Limited | 3.73% |
| Acutaas Chemicals Limited | 3.36% |
| Muthoot Finance Limited | 3.25% |
| 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 Midcap | Motilal Oswal Quality |
|---|---|---|
| Equity | 94.8% | 59.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.2% | 40.3% |
Market cap of stocks
| Market cap | Motilal Oswal Midcap | Motilal Oswal Quality |
|---|---|---|
| Large Cap | 24.7% | 27.3% |
| Mid Cap | 65.1% | 20.4% |
| Small Cap | 5.0% | 12.0% |
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 Midcap | Motilal Oswal Quality |
|---|---|---|
| Capital Markets | 11.6% | 10.4% |
| Consumer Durables | 11.4% | 9.0% |
| Financial Technology (Fintech) | 10.4% | 4.5% |
| Finance | 10.2% | 5.9% |
| IT - Software | 9.9% | 2.8% |
| Retailing | 9.7% | 7.4% |
| Industrial Manufacturing | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Midcap vs Motilal Oswal Quality: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Midcap Fund | Motilal Oswal Quality Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 4.78% |
| Base expense ratio (Direct) | 0.66% | 1.99% |
| Total expense ratio (Regular) | 1.63% | 4.90% |
| Base expense ratio (Regular) | 1.30% | 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 Midcap with
Motilal Oswal Midcap Fund vs Motilal Oswal Quality Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Midcap Fund and Motilal Oswal Quality Fund?
Motilal Oswal Midcap Fund is a Mid Cap fund, Motilal Oswal Quality Fund is a Thematic fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 26.6%. Motilal Oswal Midcap Fund charges 0.92% a year and Motilal Oswal Quality Fund 4.78%.
Which has the lower expense ratio, Motilal Oswal Midcap Fund or Motilal Oswal Quality Fund?
Motilal Oswal Midcap Fund charges less: 0.92% a year against 4.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Midcap Fund and Motilal Oswal Quality Fund overlap?
26.6%. They hold 8 of the same securities, the largest shared ones being PAYTM, ETERNAL, MCX. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal Midcap Fund and Motilal Oswal Quality Fund?
Yes. 26.6% 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.