Motilal Oswal ELSS Tax Saver Fund is an ELSS fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹4,890 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 19.5% a year and its Regular plan returned 18.1% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹61.46
▼ 1.32% · 30-10-2026
NAV (Regular plan)
₹52.85
▼ 1.32% · 30-10-2026
Expense ratio
0.97%Direct2.11%Regular
0.97%
A year
Riskometer
Very High
Set by the fund house
3 year return
19.5%Direct18.1%Regular
19.5%
A year
Motilal Oswal ELSS Tax Saver Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹61.46 (down 1.32% that day); Regular Plan Growth ₹52.85 (down 1.32% that day).
This fund (Direct plan)
₹61.4572
Motilal Oswal ELSS Tax Saver Fund Returns vs Nifty 500 TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−4.64%
−1.85%
−0.84%
+0.93%
+19.52%
+15.67%
+16.08%
This fund (Regular)
−4.73%
−2.13%
−1.40%
−0.24%
+18.12%
+14.30%
+14.62%
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
ELSS average
−2.34%
−5.61%
−1.63%
−5.75%
+10.92%
+10.29%
+13.05%
Best in ELSS
+1.27%
−1.66%
+5.11%
+2.97%
+19.52%
+15.67%
+19.15%
Worst in ELSS
−8.36%
−10.02%
−7.36%
−11.32%
+2.93%
+5.27%
+9.91%
Rank in ELSS
42/50
3/50
17/50
3/50
1/49
1/43
2/27
Category rows compare the Direct plans of 50 ELSS funds. Rank 1 is the highest return.
Motilal Oswal ELSS Tax Saver Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
+5.59%
+4.59%
−7.51%
2025
−8.00%
−9.07%
+7.76%
2024
+49.50%
+47.72%
+16.24%
2023
+38.71%
+37.05%
+26.91%
2022
+3.03%
+1.78%
+4.25%
2021
+33.77%
+32.06%
+31.60%
Motilal Oswal ELSS Tax Saver Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,159 periods, one for each trading day from 22-01-2018 to 30-10-2026.
−10%0%10%20%30%40%
Motilal Oswal ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Oct 2015 to Oct 2018Apr 2017 to Apr 2020Sept 2018 to Sept 2021Mar 2020 to Mar 2023Sept 2021 to Sept 2024Feb 2023 to Feb 2026
Motilal Oswal ELSS Tax Saver Fund (Direct)Nifty 500 TRI
4%
2%
Below 0%
5%
5%
0-5%
5%
9%
5-10%
16%
33%
10-15%
22%
35%
15-20%
25%
12%
20-25%
23%
4%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,652
13.8%
−27.3%
84.4%
21%
10.2%
68%
2 years
2,406
19.4%
−15.3%
49.3%
7%
15.2%
69%
3 years
2,159
19.5%
−4.6%
34.4%
4%
15.1%
69%
5 years
1,670
17.5%
4.0%
32.1%
0%
14.9%
75%
7 years
1,173
17.3%
12.1%
21.5%
0%
14.5%
100%
10 years
436
18.1%
15.5%
19.4%
0%
14.0%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
130
15.1%
−43.2%
71.5%
21%
12.3%
65%
2 years
118
16.2%
−23.8%
58.0%
11%
14.1%
61%
3 years
106
19.2%
−15.7%
43.9%
6%
15.6%
63%
5 years
82
18.3%
−2.3%
34.8%
1%
16.1%
65%
7 years
58
19.8%
11.5%
27.5%
0%
15.8%
79%
10 years
22
18.7%
16.4%
22.9%
0%
15.1%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
Motilal Oswal ELSS Tax Saver Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Motilal Oswal ELSS Tax Saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+0.93%
−7.34%
Standard deviation
18.70%
14.48%
Sharpe ratio
-0.23
-0.87
Sortino ratio
-0.32
-1.16
Maximum drawdown
−14.4%
(31-03-2026)
−14.7%
(30-03-2026)
Beta
1.04
1.00
Alpha
+8.72%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Motilal Oswal ELSS Tax Saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+19.52%
+10.22%
Standard deviation
19.39%
14.30%
Sharpe ratio
0.70
0.29
Sortino ratio
0.95
0.40
Maximum drawdown
−27.7%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.14
1.00
Alpha
+8.70%
0.00%
From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Motilal Oswal ELSS Tax Saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+15.67%
+8.81%
Standard deviation
17.64%
14.36%
Sharpe ratio
0.56
0.21
Sortino ratio
0.76
0.28
Maximum drawdown
−27.7%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.06
1.00
Alpha
+6.67%
0.00%
From daily NAVs, 29-10-2021 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Motilal Oswal ELSS Tax Saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.08%
+12.51%
Standard deviation
17.87%
16.04%
Sharpe ratio
0.60
0.44
Sortino ratio
0.80
0.59
Maximum drawdown
−37.7%
(23-03-2020)
−38.1%
(23-03-2020)
Beta
1.01
1.00
Alpha
+3.52%
0.00%
From daily NAVs, 28-10-2016 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Motilal Oswal ELSS Tax Saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.58%
+11.22%
Standard deviation
17.49%
15.94%
Sharpe ratio
0.63
0.35
Sortino ratio
0.84
0.47
Maximum drawdown
−37.7%
(23-03-2020)
−38.1%
(23-03-2020)
Beta
0.99
1.00
Alpha
+5.43%
0.00%
From daily NAVs, 22-01-2015 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−40%−30%−20%−10%0%
Motilal Oswal ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
201620182020202220242026
Motilal Oswal ELSS Tax Saver Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Motilal Oswal ELSS Tax Saver Fund (Direct)
−37.7%
07-02-2020
23-03-2020
07-12-2020
9 months
−9.5%
Nifty 500 TRI
−38.1%
17-01-2020
23-03-2020
06-11-2020
7 months
−8.8%
From the Direct plan's daily NAV since 22-01-2015, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Motilal Oswal ELSS Tax Saver Fund vs Other ELSS Funds
The five ELSS funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Motilal Oswal ELSS Tax Saver Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
ELSS median
Cost rank (1 = cheapest)
Direct
0.61%
0.07%
0.01%
0.28%
0.97%
1.11%
14/49
Regular
1.62%
0.07%
0.01%
0.41%
2.11%
1.96%
29/50
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the ELSS funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−0.24%
0.93%
1.17%
₹99,760
₹1,00,930
3 years
18.12%
19.52%
1.40% a year
₹1,64,805
₹1,70,735
5 years
14.30%
15.67%
1.37% a year
₹1,95,088
₹2,07,064
10 years
14.62%
16.08%
1.46% a year
₹3,91,385
₹4,44,195
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Motilal Oswal ELSS Tax Saver Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 22-01-2015 to 30-10-2026: 142 instalments, ₹14,20,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMotilal Oswal ELSS Tax Saver Fund (Direct)
₹14,20,000
₹41,20,952
₹27,00,952
16.9%
Regular planMotilal Oswal ELSS Tax Saver Fund (Regular)
₹14,20,000
₹37,48,833
₹23,28,833
15.4%
Nifty 500 TRI
₹14,20,000
₹30,39,140
₹16,19,140
12.2%
Category averageCategory average, 49 ELSS funds
₹14,20,000
₹32,88,990
₹18,68,990
13.4%
₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L₹50.0 L
Direct planMotilal Oswal ELSS Tax Saver Fund (Direct)
Regular planMotilal Oswal ELSS Tax Saver Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 49 ELSS funds
Amount invested
201620182020202220242026
Direct planMotilal Oswal ELSS Tax Saver Fund (Direct)Regular planMotilal Oswal ELSS Tax Saver Fund (Regular)Nifty 500 TRICategory averageCategory average, 49 ELSS fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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 ELSS Tax Saver Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.6%Equity
Asset
Fund
Category
Equity
96.6%
96.3%
Cash and others
3.4%
3.1%
Market cap of stocks
Market cap
Fund
Category
Large Cap
9.5%
47.5%
Mid Cap
35.6%
18.4%
Small Cap
48.6%
29.4%
Not on AMFI's list
3.0%
1.2%
Share of the whole fund. Category: the average of the ELSS funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Motilal Oswal ELSS Tax Saver Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Electrical Equipment15.8%
Capital Markets10.7%
Finance10.2%
Aerospace & Defense7.8%
Industrial Products7.7%
Consumer Durables6.9%
Automobiles6.4%
Financial Technology (Fintech)4.8%
Telecom - Equipment & Accessories4.5%
Chemicals & Petrochemicals4.2%
The ten largest of 16 sectors. The other 6 add up to 17.7%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Electrical Equipment
13.6%
15.5%
15.8%
+2.2%
Capital Markets
11.2%
10.6%
10.7%
−0.5%
Finance
13.0%
10.8%
10.2%
−2.8%
Aerospace & Defense
7.8%
8.2%
7.8%
−0.1%
Industrial Products
9.5%
7.2%
7.7%
−1.8%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Motilal Oswal ELSS Tax Saver Fund Portfolio Holdings
As on 30-09-2026 · 30 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Multi Commodity Exchange of India Limited
Capital Markets
5.74%
0.0%
PTC Industries Ltd
Industrial Products
5.23%
0.0%
One 97 Communications Limited
Financial Technology (Fintech)
4.80%
0.0%
Sterlite Technologies Limited
Telecom - Equipment & Accessories
4.54%
0.0%
MTAR Technologies Limited
Electrical Equipment
4.32%
+36.1%
Gujarat Fluorochemicals Limited
Chemicals & Petrochemicals
4.22%
0.0%
Shaily Engineering Plastics Limited
Consumer Durables
4.18%
0.0%
Apar Industries Limited
Electrical Equipment
3.91%
−15.4%
Zen Technologies Limited
Aerospace & Defense
3.91%
0.0%
S.J.S. Enterprises Limited
Auto Components
3.88%
0.0%
Ather Energy Limited
Automobiles
3.79%
−13.3%
Shriram Finance Limited
Finance
3.42%
0.0%
Onesource Specialty Pharma Limited
Pharmaceuticals & Biotechnology
3.39%
0.0%
Jain Resource Recycling Limited
Diversified Metals
3.32%
0.0%
Muthoot Finance Limited
Finance
3.29%
0.0%
ESDS Software Solution Ltd
IT - Services
2.98%
New
Waaree Energies Limited
Electrical Equipment
2.91%
0.0%
Piramal Finance Limited
Finance
2.88%
0.0%
Billionbrains Garage Ventures Ltd
Capital Markets
2.75%
0.0%
Kalyan Jewellers India Limited
Consumer Durables
2.69%
New
Premier Energies Limited
Electrical Equipment
2.58%
0.0%
Ola Electric Mobility Ltd
Automobiles
2.57%
0.0%
K.P.R. Mill Limited
Textiles & Apparels
2.53%
0.0%
KSB Limited
Industrial Products
2.49%
0.0%
Data Patterns (India) Limited
Aerospace & Defense
2.22%
+15.4%
Nippon Life India Asset Management Limited
Capital Markets
2.19%
0.0%
Suzlon Energy Limited
Electrical Equipment
2.05%
0.0%
Bharat Dynamics Limited
Aerospace & Defense
1.64%
−14.8%
Cemindia Projects Ltd
Construction
1.55%
+22.4%
Religare Enterprises Limited
Finance
0.65%
0.0%
Motilal Oswal ELSS Tax Saver Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Ather Energy Limited
↓Reduced
−13.3%
3.79%
Apar Industries Limited
↓Reduced
−15.4%
3.91%
MTAR Technologies Limited
↑Added
+36.1%
4.32%
ESDS Software Solution Ltd
↑New
New
2.98%
Kalyan Jewellers India Limited
↑New
New
2.69%
InterGlobe Aviation Limited
↓Sold out
−100%
was 2.31%
Data Patterns (India) Limited
↑Added
+15.4%
2.22%
Bharat Dynamics Limited
↓Reduced
−14.8%
1.64%
Cemindia Projects Ltd
↑Added
+22.4%
1.55%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Motilal Oswal ELSS Tax Saver Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.97%
Expense ratio (Regular)
2.11%
Category
ELSS
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
21-01-2015
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹4,889.61 Cr (30-09-2026)
Lock in
3 years
Scheme code (Direct)
133386
ISIN (Direct)
INF247L01569
Scheme code (Regular)
133385
ISIN (Regular)
INF247L01544
NAV history
From 22-01-2015, 11.8 years
Exit load
Nil
Tax on Motilal Oswal ELSS Tax Saver Fund returns
Motilal Oswal ELSS Tax Saver Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
Investing in it can be deducted from income under Section 80C, up to ₹1.5 lakh a year, in the old tax regime. Each investment is locked in for 3 years.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Payout
₹37.9941
30-10-2026
direct
Growth
₹61.4572
30-10-2026
regular
Payout
₹29.1692
30-10-2026
regular
Growth
₹52.8518
30-10-2026
About Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal ELSS Tax Saver Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is ELSS. It was launched on 21-01-2015. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 30 securities.
Fund Manager
Aditya Khemani
Fund manager of Motilal Oswal ELSS Tax Saver Fund, since 06-09-2019
Abhiroop Mukherjee
Fund manager of Motilal Oswal ELSS Tax Saver Fund, since 21-01-2015
Frequently Asked Questions for Motilal Oswal ELSS Tax Saver Fund
What is the current NAV of Motilal Oswal ELSS Tax Saver Fund?
The Direct plan NAV is ₹61.4572. The Regular plan NAV is ₹52.8518, as on 30-10-2026.
What are the returns of Motilal Oswal ELSS Tax Saver Fund?
The Direct plan returned +0.93% in 1 year, +19.52% a year over 3 years, +15.67% a year over 5 years. The Regular plan returned −0.24% in 1 year, +18.12% a year over 3 years, +14.30% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Motilal Oswal ELSS Tax Saver Fund?
The Direct plan charges 0.97% a year. The Regular plan charges 2.11% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund managed ₹4,889.61 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Motilal Oswal ELSS Tax Saver Fund?
At the end of September 2026 the largest holdings were MCX (5.74%), PTCIL (5.23%), PAYTM (4.80%), STLTECH-BE (4.54%), MTARTECH (4.32%). The fund held 30 securities in all.
What did Motilal Oswal ELSS Tax Saver Fund buy and sell in September 2026?
It bought 2 new stocks: ESDS Software Solution Ltd, Kalyan Jewellers India Limited. It sold out of 1: InterGlobe Aviation Limited. It added shares in 3. It reduced 3.
How do I invest in Motilal Oswal ELSS Tax Saver Fund?
Through Motilal Oswal Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Who is the fund manager of Motilal Oswal ELSS Tax Saver Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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