Motilal Oswal Midcap Fund is a Mid Cap fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹40,208 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 9.3% a year and its Regular plan returned 10.4% a year. Its benchmark, Nifty Midcap 150 TRI, returned 13.8% a year over the same 3 years.
NAV (Direct plan)
₹45.45
▼ 0.71% · 30-10-2026
NAV (Regular plan)
₹43.52
▼ 0.71% · 30-10-2026
Expense ratio
0.92%Direct1.63%Regular
0.92%
A year
Riskometer
Very High
Set by the fund house
3 year return
9.3%Direct10.4%Regular
9.3%
A year
Motilal Oswal Midcap Fund NAV Today
NAV on 30-10-2026: Direct Plan ₹45.45 (down 0.71% that day); Regular Plan ₹43.52 (down 0.71% that day).
This fund (Direct plan)
₹45.4527
Motilal Oswal Midcap Fund Returns vs Nifty Midcap 150 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)
−2.56%
−3.38%
+6.27%
−14.14%
+9.27%
+10.67%
+7.45%
This fund (Regular)
−2.61%
−3.56%
+5.87%
−14.80%
+10.43%
+10.51%
+7.35%
Nifty Midcap 150 TRI
−3.69%
−8.46%
−3.95%
−4.37%
+13.82%
+13.84%
+15.65%
Mid Cap average
−3.36%
−6.03%
−0.14%
−2.17%
+14.75%
+12.95%
+14.07%
Best in Mid Cap
−0.88%
−2.09%
+6.81%
+9.56%
+21.77%
+17.38%
+18.35%
Worst in Mid Cap
−5.08%
−10.11%
−5.44%
−14.14%
+8.47%
+9.04%
+7.45%
Rank in Mid Cap
8/34
6/33
3/33
31/31
27/29
18/22
17/17
Category rows compare the Direct plans of 34 Mid Cap funds. Rank 1 is the highest return.
Motilal Oswal Midcap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Midcap 150 TRI
2026to date
−8.77%
−9.35%
−4.97%
2025
−16.91%
−14.75%
+5.98%
2024
+48.57%
+50.70%
+24.46%
2023
+33.21%
+29.68%
+44.61%
2022
+4.51%
+3.30%
+3.91%
2021
+34.33%
+33.26%
+48.16%
Motilal Oswal Midcap 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 2,383 periods, one for each trading day from 27-02-2017 to 30-10-2026.
−20%−10%0%10%20%30%40%
Motilal Oswal Midcap Fund (Direct)
Nifty Midcap 150 TRI
Dec 2014 to Dec 2017Jul 2016 to Jul 2019Mar 2018 to Mar 2021Nov 2019 to Nov 2022Jul 2021 to Jul 2024Jan 2023 to Jan 2026
Motilal Oswal Midcap Fund (Direct)Nifty Midcap 150 TRI
16%
5%
Below 0%
18%
7%
0-5%
8%
6%
5-10%
19%
10%
10-15%
13%
11%
15-20%
12%
29%
20-25%
16%
31%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,876
8.9%
−36.6%
102.0%
34%
13.0%
24%
2 years
2,629
12.1%
−21.2%
44.9%
25%
18.8%
11%
3 years
2,383
12.7%
−16.0%
31.8%
16%
22.1%
12%
5 years
1,890
7.6%
−7.0%
30.0%
9%
19.3%
0%
7 years
1,397
9.8%
3.0%
15.8%
0%
19.6%
0%
10 years
659
10.2%
7.1%
15.8%
0%
18.0%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
141
10.5%
−52.4%
92.9%
32%
14.1%
30%
2 years
129
12.0%
−34.2%
53.2%
27%
14.2%
18%
3 years
117
13.3%
−27.1%
40.8%
26%
21.7%
8%
5 years
93
11.0%
−16.2%
33.1%
15%
22.0%
4%
7 years
69
12.1%
1.7%
24.9%
0%
23.2%
0%
10 years
33
13.7%
8.1%
18.1%
0%
--
--
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 Midcap 150 TRI over the same days. Past returns do not promise future returns.
Motilal Oswal Midcap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Motilal Oswal Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
−14.14%
−4.37%
Standard deviation
19.23%
16.59%
Sharpe ratio
-1.01
-0.58
Sortino ratio
-1.34
-0.78
Maximum drawdown
−28.4%
(31-03-2026)
−13.9%
(30-03-2026)
Beta
0.98
1.00
Alpha
−9.98%
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 Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+9.27%
+13.82%
Standard deviation
18.64%
17.08%
Sharpe ratio
0.17
0.46
Sortino ratio
0.23
0.61
Maximum drawdown
−37.9%
(31-03-2026)
−20.9%
(28-02-2025)
Beta
0.90
1.00
Alpha
−3.73%
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 Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+10.67%
+13.84%
Standard deviation
18.02%
16.72%
Sharpe ratio
0.27
0.48
Sortino ratio
0.36
0.64
Maximum drawdown
−37.9%
(31-03-2026)
−20.9%
(28-02-2025)
Beta
0.87
1.00
Alpha
−2.14%
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 Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+7.45%
+15.65%
Standard deviation
19.81%
17.54%
Sharpe ratio
0.10
0.58
Sortino ratio
0.13
0.77
Maximum drawdown
−48.9%
(23-03-2020)
−43.1%
(23-03-2020)
Beta
0.92
1.00
Alpha
−7.38%
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 Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+12.67%
+17.35%
Standard deviation
19.16%
17.31%
Sharpe ratio
0.36
0.69
Sortino ratio
0.46
0.91
Maximum drawdown
−48.9%
(23-03-2020)
−43.1%
(23-03-2020)
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.
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.
−50%−40%−30%−20%−10%0%
Motilal Oswal Midcap Fund (Direct)
Nifty Midcap 150 TRI
201520172019202120232025
Motilal Oswal Midcap Fund (Direct)Nifty Midcap 150 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Motilal Oswal Midcap Fund (Direct)
−48.9%
05-01-2018
23-03-2020
14-09-2021
18 months
−25.6%
Nifty Midcap 150 TRI
−43.1%
08-01-2018
23-03-2020
23-11-2020
8 months
−10.5%
From the Direct plan's daily NAV since 25-02-2014, adjusted for unit splits, and Nifty Midcap 150 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Motilal Oswal Midcap Fund vs Other Mid Cap Funds
The five Mid 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 Midcap Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Mid Cap median
Cost rank (1 = cheapest)
Direct
0.66%
0.04%
0.00%
0.22%
0.92%
0.95%
15/34
Regular
1.30%
0.04%
0.00%
0.29%
1.63%
2.02%
4/34
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 Mid 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
−14.80%
−14.14%
0.66%
₹85,200
₹85,860
3 years
10.43%
9.27%
−1.16% a year
₹1,34,667
₹1,30,468
5 years
10.51%
10.67%
0.16% a year
₹1,64,819
₹1,66,016
10 years
7.35%
7.45%
0.10% a year
₹2,03,245
₹2,05,147
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 Midcap 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 25-02-2014 to 30-10-2026: 153 instalments, ₹15,30,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMotilal Oswal Midcap Fund (Direct)
₹15,30,000
₹29,46,732
₹14,16,732
9.8%
Category averageCategory average, 34 Mid Cap funds
₹15,30,000
₹46,89,304
₹31,59,304
16.3%
₹0₹20.0 L₹40.0 L₹60.0 L
Direct planMotilal Oswal Midcap Fund (Direct)
Category averageCategory average, 34 Mid Cap funds
Amount invested
201520172019202120232025
Direct planMotilal Oswal Midcap Fund (Direct)Category averageCategory average, 34 Mid Cap fundsAmount invested
From each plan's published NAV (Growth option) 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 Midcap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
94.8%Equity
Asset
Fund
Category
Equity
94.8%
95.4%
Cash and others
5.2%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
24.7%
11.8%
Mid Cap
65.1%
66.9%
Small Cap
5.0%
15.1%
Share of the whole fund. Category: the average of the Mid 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 Midcap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Capital Markets11.6%
Consumer Durables11.4%
Financial Technology (Fintech)10.4%
Finance10.2%
IT - Software9.9%
Retailing9.7%
Electrical Equipment5.2%
Auto Components4.7%
Telecom - Equipment & Accessories4.4%
Industrial Products4.3%
The ten largest of 18 sectors. The other 8 add up to 13.3%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Capital Markets
11.7%
11.0%
11.6%
−0.1%
Consumer Durables
12.3%
11.6%
11.4%
−1.0%
Financial Technology (Fintech)
10.2%
11.9%
10.4%
+0.2%
Finance
11.5%
10.9%
10.2%
−1.3%
IT - Software
10.3%
10.2%
9.9%
−0.4%
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 Midcap Fund Portfolio Holdings
As on 30-09-2026 · 30 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
One 97 Communications Limited
Financial Technology (Fintech)
8.64%
−8.5%
Kalyan Jewellers India Limited
Consumer Durables
7.98%
0.0%
Eternal Limited
Retailing
6.72%
0.0%
Coforge Limited
IT - Software
5.43%
0.0%
Aditya Birla Capital Limited
Finance
4.64%
−3.9%
Persistent Systems Ltd
IT - Software
4.43%
0.0%
Sterlite Technologies Limited
Telecom - Equipment & Accessories
4.40%
0.0%
KEI Industries Limited
Industrial Products
4.27%
0.0%
Multi Commodity Exchange of India Limited
Capital Markets
3.74%
+5.6%
Billionbrains Garage Ventures Ltd
Capital Markets
3.50%
0.0%
Dixon Technologies (India) Limited
Consumer Durables
3.43%
+6.0%
Shriram Finance Limited
Finance
3.40%
−1.4%
Lenskart Solutions Limited
Retailing
2.94%
+18.4%
ICICI Prudential Asset Management Company Limited
Capital Markets
2.60%
0.0%
Tube Investments Of India Limited
Auto Components
2.43%
0.0%
IDFC First Bank Limited
Banks
2.40%
+11.5%
Samvardhana Motherson International Limited
Auto Components
2.26%
0.0%
Bharti Hexacom Limited
Telecom - Services
2.23%
0.0%
Prestige Estates Projects Limited
Realty
2.20%
−4.2%
L&T Finance Limited
Finance
2.11%
0.0%
Suzlon Energy Limited
Electrical Equipment
1.91%
0.0%
Bharat Electronics Limited
Aerospace & Defense
1.89%
0.0%
Premier Energies Limited
Electrical Equipment
1.82%
0.0%
InterGlobe Aviation Limited
Transport Services
1.75%
0.0%
BSE Limited
Capital Markets
1.75%
−1.3%
PB Fintech Limited
Financial Technology (Fintech)
1.72%
0.0%
Waaree Energies Limited
Electrical Equipment
1.43%
0.0%
Max Healthcare Institute Limited
Healthcare Services
1.33%
+7.9%
Adani Enterprises Limited
Metals & Minerals Trading
0.87%
0.0%
PhysicsWallah Limited
Other Consumer Services
0.59%
0.0%
Motilal Oswal Midcap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
One 97 Communications Limited
↓Reduced
−8.5%
8.64%
Aditya Birla Capital Limited
↓Reduced
−3.9%
4.64%
Multi Commodity Exchange of India Limited
↑Added
+5.6%
3.74%
Shriram Finance Limited
↓Reduced
−1.4%
3.40%
Dixon Technologies (India) Limited
↑Added
+6.0%
3.43%
Lenskart Solutions Limited
↑Added
+18.4%
2.94%
IDFC First Bank Limited
↑Added
+11.5%
2.40%
Prestige Estates Projects Limited
↓Reduced
−4.2%
2.20%
BSE Limited
↓Reduced
−1.3%
1.75%
Max Healthcare Institute Limited
↑Added
+7.9%
1.33%
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 Midcap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.92%
Expense ratio (Regular)
1.63%
Category
Mid Cap
Risk
Very High
Benchmark
Nifty Midcap 150 TRI
Launch date
24-02-2014
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹40,207.50 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
127044
ISIN (Direct)
INF247L01460
Scheme code (Regular)
127040
ISIN (Regular)
INF247L01437
NAV history
From 25-02-2014, 12.7 years
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.
Tax on Motilal Oswal Midcap Fund returns
Motilal Oswal Midcap 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
₹45.4527
30-10-2026
direct
₹111.4372
30-10-2026
regular
₹43.5234
30-10-2026
regular
₹96.3124
30-10-2026
About Motilal Oswal Midcap Fund
Motilal Oswal Midcap Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Mid Cap. It was launched on 24-02-2014. Its benchmark is Nifty Midcap 150 TRI. At the end of September 2026 it held 30 securities.
Fund Manager
Ajay Khandelwal
Fund manager of Motilal Oswal Midcap Fund, since 01-10-2024
Ankit Agarwal
Fund manager of Motilal Oswal Midcap Fund, since 22-01-2026
Varun Sharma
Fund manager of Motilal Oswal Midcap Fund, since 22-01-2026
Rakesh Shetty
Fund manager of Motilal Oswal Midcap Fund, since 22-11-2022
Swapnil Mayekar
Fund manager of Motilal Oswal Midcap Fund, since 01-07-2024
Frequently Asked Questions for Motilal Oswal Midcap Fund
What is the current NAV of Motilal Oswal Midcap Fund?
The Direct plan NAV is ₹45.4527. The Regular plan NAV is ₹43.5234, as on 30-10-2026.
What are the returns of Motilal Oswal Midcap Fund?
The Direct plan returned −14.14% in 1 year, +9.27% a year over 3 years, +10.67% a year over 5 years. The Regular plan returned −14.80% in 1 year, +10.43% a year over 3 years, +10.51% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Motilal Oswal Midcap Fund?
The Direct plan charges 0.92% a year. The Regular plan charges 1.63% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Motilal Oswal Midcap Fund?
Motilal Oswal Midcap Fund managed ₹40,207.50 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Motilal Oswal Midcap Fund?
At the end of September 2026 the largest holdings were PAYTM (8.64%), KALYANKJIL (7.98%), ETERNAL (6.72%), COFORGE (5.43%), ABCAPITAL (4.64%). The fund held 30 securities in all.
What did Motilal Oswal Midcap Fund buy and sell in September 2026?
It added shares in 5. It reduced 5.
How do I invest in Motilal Oswal Midcap 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 Midcap 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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