Motilal Oswal Flexi Cap Fund is a Flexi Cap fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹13,446 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 16.8% a year and its Regular plan returned 15.8% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹67.61
▼ 0.80% · 30-10-2026
NAV (Regular plan)
₹60.35
▼ 0.80% · 30-10-2026
Expense ratio
1.19%Direct2.02%Regular
1.19%
A year
Riskometer
Very High
Set by the fund house
3 year return
16.8%Direct15.8%Regular
16.8%
A year
Motilal Oswal Flexi Cap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹67.61 (down 0.80% that day); Regular Plan Growth ₹60.35 (down 0.80% that day).
This fund (Direct plan)
₹67.6101
Motilal Oswal Flexi Cap 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)
−1.70%
−1.19%
+8.85%
−3.83%
+16.84%
+12.46%
+12.24%
This fund (Regular)
−1.76%
−1.39%
+8.40%
−4.64%
+15.85%
+11.50%
+11.25%
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Flexi Cap average
−1.62%
−4.17%
+1.00%
−3.58%
+12.37%
+10.04%
+13.13%
Best in Flexi Cap
+0.85%
−0.17%
+8.85%
+6.40%
+18.32%
+15.53%
+18.28%
Worst in Flexi Cap
−6.55%
−8.89%
−7.46%
−10.21%
+6.61%
+3.93%
+9.31%
Rank in Flexi Cap
28/46
6/44
1/44
20/42
3/36
6/27
13/18
Category rows compare the Direct plans of 46 Flexi Cap funds. Rank 1 is the highest return.
Motilal Oswal Flexi Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
+0.83%
+0.12%
−7.51%
2025
−4.82%
−5.63%
+7.76%
2024
+46.96%
+45.69%
+16.24%
2023
+32.08%
+30.99%
+26.91%
2022
−2.14%
−2.98%
+4.25%
2021
+16.33%
+15.30%
+31.60%
Motilal Oswal Flexi Cap 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 2,341 periods, one for each trading day from 02-05-2017 to 30-10-2026.
−10%0%10%20%30%40%
Motilal Oswal Flexi Cap Fund (Direct)
Nifty 500 TRI
Feb 2015 to Feb 2018Sept 2016 to Sept 2019Apr 2018 to Apr 2021Dec 2019 to Dec 2022Jul 2021 to Jul 2024Jan 2023 to Jan 2026
Motilal Oswal Flexi Cap Fund (Direct)Nifty 500 TRI
4%
2%
Below 0%
7%
5%
0-5%
17%
8%
5-10%
21%
37%
10-15%
27%
33%
15-20%
17%
11%
20-25%
8%
3%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,835
12.1%
−31.1%
84.3%
26%
10.0%
52%
2 years
2,589
14.9%
−16.5%
40.6%
8%
14.0%
51%
3 years
2,341
15.4%
−7.2%
35.0%
4%
14.6%
50%
5 years
1,849
13.2%
1.5%
26.9%
0%
14.2%
28%
7 years
1,357
12.8%
8.3%
19.0%
0%
14.3%
13%
10 years
618
14.4%
11.8%
18.8%
0%
14.3%
61%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
139
11.5%
−46.6%
72.9%
24%
11.4%
50%
2 years
127
15.0%
−26.7%
54.6%
14%
11.9%
50%
3 years
115
13.5%
−18.3%
39.5%
4%
15.5%
43%
5 years
91
12.4%
−5.2%
28.6%
2%
15.6%
43%
7 years
67
13.8%
6.2%
22.0%
0%
15.7%
30%
10 years
31
15.6%
11.4%
18.6%
0%
15.6%
39%
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 Flexi Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Motilal Oswal Flexi Cap Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−3.83%
−7.34%
Standard deviation
16.70%
14.48%
Sharpe ratio
-0.54
-0.87
Sortino ratio
-0.74
-1.16
Maximum drawdown
−19.1%
(23-03-2026)
−14.7%
(30-03-2026)
Beta
1.02
1.00
Alpha
+3.74%
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 Flexi Cap Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.84%
+10.22%
Standard deviation
16.89%
14.30%
Sharpe ratio
0.64
0.29
Sortino ratio
0.89
0.40
Maximum drawdown
−21.6%
(23-03-2026)
−18.6%
(28-02-2025)
Beta
1.02
1.00
Alpha
+6.55%
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 Flexi Cap Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+12.46%
+8.81%
Standard deviation
16.13%
14.36%
Sharpe ratio
0.41
0.21
Sortino ratio
0.57
0.28
Maximum drawdown
−21.6%
(23-03-2026)
−18.6%
(28-02-2025)
Beta
0.99
1.00
Alpha
+3.66%
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 Flexi Cap Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+12.24%
+12.51%
Standard deviation
17.18%
16.04%
Sharpe ratio
0.40
0.44
Sortino ratio
0.54
0.59
Maximum drawdown
−37.1%
(23-03-2020)
−38.1%
(23-03-2020)
Beta
0.98
1.00
Alpha
−0.16%
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 Flexi Cap Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.56%
+13.28%
Standard deviation
16.70%
15.85%
Sharpe ratio
0.64
0.47
Sortino ratio
0.87
0.63
Maximum drawdown
−37.1%
(23-03-2020)
−38.1%
(23-03-2020)
Beta
0.96
1.00
Alpha
+3.61%
0.00%
From daily NAVs, 29-04-2014 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: 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 Flexi Cap Fund (Direct)
Nifty 500 TRI
201520172019202120232025
Motilal Oswal Flexi Cap 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 Flexi Cap Fund (Direct)
−37.1%
19-02-2020
23-03-2020
17-11-2020
8 months
−7.1%
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 29-04-2014, 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 Flexi Cap Fund vs Other Flexi Cap Funds
The five Flexi Cap 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 Flexi Cap Fund Expense Ratio and Costs
What each plan charges a year, in force from 21-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Flexi Cap median
Cost rank (1 = cheapest)
Direct
0.72%
0.09%
0.01%
0.37%
1.19%
0.96%
32/46
Regular
1.45%
0.09%
0.01%
0.47%
2.02%
2.19%
12/46
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 Flexi Cap 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
−4.64%
−3.83%
0.81%
₹95,360
₹96,170
3 years
15.85%
16.84%
0.99% a year
₹1,55,485
₹1,59,505
5 years
11.50%
12.46%
0.96% a year
₹1,72,335
₹1,79,883
10 years
11.25%
12.24%
0.99% a year
₹2,90,402
₹3,17,305
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 Flexi Cap 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 29-04-2014 to 30-10-2026: 151 instalments, ₹15,10,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMotilal Oswal Flexi Cap Fund (Direct)
₹15,10,000
₹36,94,560
₹21,84,560
13.4%
Regular planMotilal Oswal Flexi Cap Fund (Regular)
₹15,10,000
₹34,45,743
₹19,35,743
12.4%
Nifty 500 TRI
₹15,10,000
₹34,10,892
₹19,00,892
12.2%
Category averageCategory average, 46 Flexi Cap funds
₹15,10,000
₹37,91,060
₹22,81,060
13.7%
₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L₹50.0 L
Direct planMotilal Oswal Flexi Cap Fund (Direct)
Regular planMotilal Oswal Flexi Cap Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 46 Flexi Cap funds
Amount invested
201520172019202120232025
Direct planMotilal Oswal Flexi Cap Fund (Direct)Regular planMotilal Oswal Flexi Cap Fund (Regular)Nifty 500 TRICategory averageCategory average, 46 Flexi Cap 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 Flexi Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.7%Equity
Asset
Fund
Category
Equity
96.7%
94.3%
Cash and others
3.3%
4.6%
Market cap of stocks
Market cap
Fund
Category
Large Cap
33.2%
51.2%
Mid Cap
32.4%
19.0%
Small Cap
28.6%
21.9%
Not on AMFI's list
2.5%
1.9%
Share of the whole fund. Category: the average of the Flexi Cap 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 Flexi Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Electrical Equipment18.2%
Consumer Durables12.9%
Finance7.8%
Capital Markets7.7%
IT - Software7.5%
Retailing6.5%
Banks6.2%
Automobiles5.7%
Pharmaceuticals & Biotechnology5.4%
Telecom - Equipment & Accessories4.4%
The ten largest of 16 sectors. The other 6 add up to 14.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Electrical Equipment
18.1%
18.6%
18.2%
0.0%
Consumer Durables
11.5%
10.9%
12.9%
+1.4%
Finance
8.5%
8.2%
7.8%
−0.7%
Capital Markets
7.1%
7.7%
7.7%
+0.6%
IT - Software
7.8%
7.8%
7.5%
−0.3%
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 Flexi Cap Fund Portfolio Holdings
As on 30-09-2026 · 31 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Kalyan Jewellers India Limited
Consumer Durables
8.23%
0.0%
Eternal Limited
Retailing
6.54%
0.0%
CG Power and Industrial Solutions Limited
Electrical Equipment
5.65%
0.0%
Sterlite Technologies Limited
Telecom - Equipment & Accessories
4.43%
0.0%
Coforge Limited
IT - Software
4.36%
0.0%
Diamond Power Infrastructure Ltd.
Electrical Equipment
3.97%
0.0%
Aditya Infotech Limited
Industrial Manufacturing
3.86%
0.0%
Shriram Finance Limited
Finance
3.82%
0.0%
Multi Commodity Exchange of India Limited
Capital Markets
3.77%
0.0%
Ather Energy Limited
Automobiles
3.20%
−22.6%
RBL Bank Limited
Banks
3.16%
+23.6%
Persistent Systems Ltd
IT - Software
3.09%
0.0%
IndusInd Bank Limited
Banks
3.05%
0.0%
Waaree Energies Limited
Electrical Equipment
3.00%
0.0%
Siemens Limited
Electrical Equipment
2.77%
0.0%
Onesource Specialty Pharma Limited
Pharmaceuticals & Biotechnology
2.71%
0.0%
Acutaas Chemicals Limited
Pharmaceuticals & Biotechnology
2.65%
0.0%
Ola Electric Mobility Ltd
Automobiles
2.50%
0.0%
Lalithaa Jewellery Mart Ltd
Consumer Durables
2.50%
New
HDFC Asset Management Company Limited
Capital Markets
2.45%
0.0%
Samvardhana Motherson International Limited
Auto Components
2.43%
0.0%
Ashok Leyland Limited
Agricultural, Commercial & Construction Vehicles
2.29%
0.0%
Bharat Electronics Limited
Aerospace & Defense
2.23%
0.0%
PG Electroplast Limited
Consumer Durables
2.17%
0.0%
Muthoot Finance Limited
Finance
2.12%
0.0%
Polycab India Limited
Industrial Products
2.04%
0.0%
Piramal Finance Limited
Finance
1.82%
0.0%
Suzlon Energy Limited
Electrical Equipment
1.79%
0.0%
Apollo Hospitals Enterprise Limited
Healthcare Services
1.69%
0.0%
ICICI Prudential Asset Management Company Limited
Capital Markets
1.45%
0.0%
Premier Energies Limited
Electrical Equipment
1.00%
0.0%
Motilal Oswal Flexi Cap 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
−22.6%
3.20%
RBL Bank Limited
↑Added
+23.6%
3.16%
Lalithaa Jewellery Mart Ltd
↑New
New
2.50%
InterGlobe Aviation Limited
↓Sold out
−100%
was 1.73%
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 Flexi Cap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.19%
Expense ratio (Regular)
2.02%
Category
Flexi Cap
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
28-04-2014
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹13,446.11 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
129046
ISIN (Direct)
INF247L01502
Scheme code (Regular)
129048
ISIN (Regular)
INF247L01478
NAV history
From 29-04-2014, 12.5 years
Exit load
Exit load of 1%, if redeemed within 365 days.
Tax on Motilal Oswal Flexi Cap Fund returns
Motilal Oswal Flexi Cap 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%.
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 Reinvestment
₹33.447
30-10-2026
direct
Growth
₹67.6101
30-10-2026
regular
Payout Reinvestment
₹31.6972
30-10-2026
regular
Growth
₹60.3496
30-10-2026
About Motilal Oswal Flexi Cap Fund
Motilal Oswal Flexi Cap Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Flexi Cap. It was launched on 28-04-2014. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 31 securities.
Fund Manager
Ankit Agarwal
Fund manager of Motilal Oswal Flexi Cap Fund, since 22-01-2026
Varun Sharma
Fund manager of Motilal Oswal Flexi Cap Fund, since 22-01-2026
Ajay Khandelwal
Fund manager of Motilal Oswal Flexi Cap Fund, since 01-10-2024
Atul Mehra
Fund manager of Motilal Oswal Flexi Cap Fund, since 01-10-2024
Rakesh Shetty
Fund manager of Motilal Oswal Flexi Cap Fund, since 22-11-2022
Swapnil Mayekar
Fund manager of Motilal Oswal Flexi Cap Fund, since 17-11-2025
Frequently Asked Questions for Motilal Oswal Flexi Cap Fund
What is the current NAV of Motilal Oswal Flexi Cap Fund?
The Direct plan NAV is ₹67.6101. The Regular plan NAV is ₹60.3496, as on 30-10-2026.
What are the returns of Motilal Oswal Flexi Cap Fund?
The Direct plan returned −3.83% in 1 year, +16.84% a year over 3 years, +12.46% a year over 5 years. The Regular plan returned −4.64% in 1 year, +15.85% a year over 3 years, +11.50% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Motilal Oswal Flexi Cap Fund?
The Direct plan charges 1.19% a year. The Regular plan charges 2.02% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of Motilal Oswal Flexi Cap Fund?
Motilal Oswal Flexi Cap Fund managed ₹13,446.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Motilal Oswal Flexi Cap Fund?
At the end of September 2026 the largest holdings were KALYANKJIL (8.23%), ETERNAL (6.54%), CGPOWER (5.65%), STLTECH (4.43%), COFORGE (4.36%). The fund held 31 securities in all.
What did Motilal Oswal Flexi Cap Fund buy and sell in September 2026?
It bought 1 new stock: Lalithaa Jewellery Mart Ltd. It sold out of 1: InterGlobe Aviation Limited. It added shares in 1. It reduced 1.
How do I invest in Motilal Oswal Flexi Cap 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 Flexi Cap 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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