Motilal Oswal Multi Cap Fund

Multi CapDirect and Regular plans

Data as on 30-10-2026

Motilal Oswal Multi Cap Fund is a Multi Cap fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹4,601 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 5.1% and its Regular plan returned 3.9%. Its benchmark, Nifty500 Multicap 50:25:25 TRI, returned −6.0% over the same year.

NAV (Direct plan): ₹14.86; ▼ 0.81%30-10-2026
NAV (Regular plan): ₹14.41; ▼ 0.82%30-10-2026
Expense ratio: 1.20%Direct2.31%Regular; 1.20%; A year
Riskometer: Very High; Set by the fund house
1 year return: 5.1%Direct3.9%Regular; 5.1%; Total

Motilal Oswal Multi Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan ₹14.86 (down 0.81% that day); Regular Plan ₹14.41 (down 0.82% that day).

This fund (Direct plan)

₹14.8573

Motilal Oswal Multi Cap Fund Returns vs Nifty500 Multicap 50:25:25 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)	−1.25%	+3.81%	+17.42%	+5.13%	--	--	--
This fund (Regular)	−1.34%	+3.50%	+16.73%	+3.94%	--	--	--
Nifty500 Multicap 50:25:25 TRI	−1.85%	−6.19%	−2.20%	−6.04%	+11.26%	+10.51%	--
Multi Cap average	−2.65%	−3.95%	+1.99%	−1.14%	--	--	--
Best in Multi Cap	−1.18%	+3.90%	+17.42%	+10.28%	--	--	--
Worst in Multi Cap	−5.15%	−8.29%	−5.16%	−9.57%	--	--	--
Rank in Multi Cap	2/33	2/32	1/32	4/32	--	--	--

Category rows compare the Direct plans of 33 Multi Cap funds. Rank 1 is the highest return.

Motilal Oswal Multi Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty500 Multicap 50:25:25 TRI
2026to date	+10.31%	+9.28%	−5.56%
2025	−2.29%	−3.57%	+5.29%

Motilal Oswal Multi 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 1-year holding period, plotted on the day it ended. There are 334 periods, one for each trading day from 23-06-2025 to 30-10-2026.

−20%−10%0%10%20%30%40%

Aug 2024
to
Aug 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

Motilal Oswal Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	334	5.6%	−12.6%	32.5%	26%	2.8%	56%
2 years	89	13.3%	7.7%	18.4%	0%	1.3%	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 Nifty500 Multicap 50:25:25 TRI over the same days. Past returns do not promise future returns.

Motilal Oswal Multi Cap Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Motilal Oswal Multi Cap Fund (Direct)This fund	Nifty500 Multicap 50:25:25 TRI
Return (CAGR)	+5.13%	−6.04%
Standard deviation	17.58%	15.02%
Sharpe ratio	-0.01	-0.75
Sortino ratio	-0.01	-1.00
Maximum drawdown	−23.9% (30-03-2026)	−14.6% (30-03-2026)
Beta	1.06	1.00
Alpha	+11.89%	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 Multi Cap Fund (Direct)This fund	Nifty500 Multicap 50:25:25 TRI
Return (CAGR)	+17.06%	+0.51%
Standard deviation	18.15%	14.74%
Sharpe ratio	0.62	-0.36
Sortino ratio	0.88	-0.48
Maximum drawdown	−24.1% (30-03-2026)	−19.8% (03-03-2025)
Beta	1.07	1.00
Alpha	+16.92%	0.00%

From daily NAVs, 21-06-2024 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.

−25%−20%−15%−10%−5%0%

20252026

Motilal Oswal Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Motilal Oswal Multi Cap Fund (Direct)	−24.1%	17-09-2025	30-03-2026	03-08-2026	4 months	−5.3%
Nifty500 Multicap 50:25:25 TRI	−19.8%	26-09-2024	03-03-2025	03-08-2026	17 months	−8.0%

From the Direct plan's daily NAV since 21-06-2024, adjusted for unit splits, and Nifty500 Multicap 50:25:25 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Motilal Oswal Multi Cap Fund vs Other Multi Cap Funds

The five Multi Cap funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Axis Multicap Fund	1/23	11,972	0.93%	+3.76%	+18.70%	+7.66%	0.96	0.85	1.16	Compare
WhiteOak Capital Multi Cap Fund	2/23	4,308	0.89%	−0.45%	+17.52%	+6.61%	0.93	0.80	1.09	Compare
LIC MF Multi Cap Fund	3/23	2,187	0.79%	+1.01%	+16.94%	+5.74%	0.99	0.70	0.96	Compare
Bank of India Multi Cap Fund	4/23	1,344	1.16%	+3.52%	+16.70%	+5.34%	1.02	0.67	0.89	Compare
Motilal Oswal Multi Cap Fund	4/32	4,601	1.20%	+5.13%	--	--	--	--	--
HSBC Multi Cap Fund	5/23	6,380	0.80%	−0.09%	+16.40%	+4.92%	1.04	0.64	0.87	Compare

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 Multi 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	Multi Cap median	Cost rank (1 = cheapest)
Direct	0.61%	0.13%	0.01%	0.45%	1.20%	0.96%	28/33
Regular	1.62%	0.13%	0.01%	0.55%	2.31%	2.21%	23/33

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 Multi 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	3.94%	5.13%	1.19%	₹1,03,940	₹1,05,130

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 Multi 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 21-06-2024 to 30-10-2026: 29 instalments, ₹2,90,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMotilal Oswal Multi Cap Fund (Direct)	₹2,90,000	₹3,35,901	₹45,901	12.3%
Nifty500 Multicap 50:25:25 TRI	₹2,90,000	₹2,86,107	−₹3,893	−1.1%
Category averageCategory average, 33 Multi Cap funds	₹2,90,000	₹3,00,077	₹10,077	2.8%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planMotilal Oswal Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRICategory averageCategory average, 33 Multi 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 Multi Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.7%Equity

Asset	Fund	Category
Equity	93.7%	94.9%
Cash and others	6.3%	4.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	29.5%	35.5%
Mid Cap	29.3%	27.2%
Small Cap	32.8%	29.4%
Not on AMFI's list	2.1%	2.8%

Share of the whole fund. Category: the average of the Multi 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 Multi Cap Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Retailing11.7%
Finance10.9%
Electrical Equipment10.0%
Consumer Durables9.8%
Banks6.4%
Transport Services6.0%
Capital Markets5.5%
Industrial Manufacturing5.1%
Pharmaceuticals & Biotechnology5.0%
Chemicals & Petrochemicals5.0%

The ten largest of 17 sectors. The other 7 add up to 18.3%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Retailing	6.9%	11.0%	11.7%	+4.8%
Finance	9.7%	14.4%	10.9%	+1.2%
Electrical Equipment	11.3%	11.8%	10.0%	−1.4%
Consumer Durables	11.3%	10.4%	9.8%	−1.4%
Banks	12.6%	6.8%	6.4%	−6.2%

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 Multi Cap Fund Portfolio Holdings

As on 30-09-2026 · 35 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	5.03%	+2.0%
Eternal Limited	Retailing	4.38%	−3.1%
Lenskart Solutions Limited	Retailing	4.30%	0.0%
Shaily Engineering Plastics Limited	Consumer Durables	4.02%	0.0%
Kalyan Jewellers India Limited	Consumer Durables	3.51%	−2.6%
RBL Bank Limited	Banks	3.45%	0.0%
CG Power and Industrial Solutions Limited	Electrical Equipment	3.40%	0.0%
One 97 Communications Limited	Financial Technology (Fintech)	3.26%	0.0%
Bajaj Finance Ltd	Finance	3.13%	0.0%
Shadowfax Technologies Limited	Transport Services	3.05%	0.0%
Coforge Limited	IT - Software	3.04%	0.0%
Ellenbarrie Industrial Gases Limited	Chemicals & Petrochemicals	3.03%	−2.5%
Meesho Ltd	Retailing	2.97%	+12.2%
IndusInd Bank Limited	Banks	2.94%	−9.2%
InterGlobe Aviation Limited	Transport Services	2.92%	0.0%
Piramal Finance Limited	Finance	2.87%	0.0%
Aditya Infotech Limited	Industrial Manufacturing	2.70%	−1.2%
ABB India Limited	Electrical Equipment	2.66%	0.0%
Shriram Finance Limited	Finance	2.59%	0.0%
Syrma SGS Technology Ltd	Industrial Manufacturing	2.39%	+8.8%
Multi Commodity Exchange of India Limited	Capital Markets	2.35%	New
MTAR Technologies Limited	Electrical Equipment	2.33%	+15.5%
Muthoot Finance Limited	Finance	2.32%	+8.3%
Sky Gold And Diamonds Limited	Consumer Durables	2.32%	−4.0%
Sansera Engineering Limited	Auto Components	2.31%	New
UNO Minda Limited	Auto Components	2.16%	+6.3%
Ather Energy Limited	Automobiles	2.13%	−3.5%
BSE Limited	Capital Markets	2.07%	+95.3%
Navin Fluorine International Limited	Chemicals & Petrochemicals	1.98%	−18.4%
Radico Khaitan Limited	Beverages	1.90%	−9.1%
Manipal Health Enterprises Ltd	Healthcare Services	1.69%	−36.6%
Diamond Power Infrastructure Ltd.	Electrical Equipment	1.65%	−0.2%
Firstsource Solutions Limited	Commercial Services & Supplies	1.46%	+4.0%
Billionbrains Garage Ventures Ltd	Capital Markets	1.03%	0.0%
Moneyview Limited	Financial Technology (Fintech)	0.39%	New

Motilal Oswal Multi Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Divi's Laboratories Limited	Added	+2.0%	5.03%
Eternal Limited	Reduced	−3.1%	4.38%
Kalyan Jewellers India Limited	Reduced	−2.6%	3.51%
IndusInd Bank Limited	Reduced	−9.2%	2.94%
Ellenbarrie Industrial Gases Limited	Reduced	−2.5%	3.03%
Meesho Ltd	Added	+12.2%	2.97%
Manipal Health Enterprises Ltd	Reduced	−36.6%	1.69%
Aditya Infotech Limited	Reduced	−1.2%	2.70%
PNB Housing Finance Limited	Sold out	−100%	was 2.70%
Ather Energy Limited	Reduced	−3.5%	2.13%
Navin Fluorine International Limited	Reduced	−18.4%	1.98%
Syrma SGS Technology Ltd	Added	+8.8%	2.39%
Sky Gold And Diamonds Limited	Reduced	−4.0%	2.32%
Multi Commodity Exchange of India Limited	New	New	2.35%
MTAR Technologies Limited	Added	+15.5%	2.33%
Muthoot Finance Limited	Added	+8.3%	2.32%
Sansera Engineering Limited	New	New	2.31%
UNO Minda Limited	Added	+6.3%	2.16%
Radico Khaitan Limited	Reduced	−9.1%	1.90%
BSE Limited	Added	+95.3%	2.07%
PB Fintech Limited	Sold out	−100%	was 1.97%
Premier Energies Limited	Sold out	−100%	was 1.90%
Diamond Power Infrastructure Ltd.	Reduced	−0.2%	1.65%
Persistent Systems Ltd	Sold out	−100%	was 1.58%
Firstsource Solutions Limited	Added	+4.0%	1.46%
Moneyview Limited	New	New	0.39%

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.

What Motilal Oswal Multi Cap Fund bought and sold

Motilal Oswal Multi Cap Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Motilal Oswal Business Cycle FundThematic · Motilal Oswal	44.6%	18	Compare
Motilal Oswal Focused FundFocused · Motilal Oswal	39.3%	16	Compare
Motilal Oswal Flexi Cap FundFlexi Cap · Motilal Oswal	35.8%	13	Compare
Motilal Oswal Quality FundThematic · Motilal Oswal	31.1%	12	Compare
HSBC Midcap FundMid Cap · HSBC	28.6%	16	Compare
Motilal Oswal Large and Midcap FundLarge & Mid Cap · Motilal Oswal	28.5%	11	Compare
Motilal Oswal Active Momentum FundThematic · Motilal Oswal	28.4%	11	Compare
Union Innovation & Opportunities FundThematic · Union	28.1%	15	Compare

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 Multi Cap Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.20%
Expense ratio (Regular): 2.31%
Category: Multi Cap
Risk: Very High
Launch date: 18-06-2024
Minimum investment: ₹500
Minimum additional investment: ₹500
AUM: ₹4,600.83 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152651
ISIN (Direct): INF247L01CL8
Scheme code (Regular): 152650
ISIN (Regular): INF247L01CO2
NAV history: From 21-06-2024, 2.4 years

Benchmark: NIFTY 500 Multicap 50:25:25 Total Return Index
Exit load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment.

Tax on Motilal Oswal Multi Cap Fund returns

Motilal Oswal Multi 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	NAV	As on
direct	₹14.8573	30-10-2026
direct	₹14.6388	30-10-2026
regular	₹14.4145	30-10-2026
regular	₹14.198	30-10-2026

About Motilal Oswal Multi Cap Fund

Motilal Oswal Multi Cap Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Multi Cap. It was launched on 18-06-2024. Its benchmark is NIFTY 500 Multicap 50:25:25 Total Return Index. At the end of September 2026 it held 35 securities.

Fund Manager

Ajay Khandelwal
Fund manager of Motilal Oswal Multi Cap Fund, since 18-06-2024
Sandeep Jain
Fund manager of Motilal Oswal Multi Cap Fund, since 05-12-2025
Atul Mehra
Fund manager of Motilal Oswal Multi Cap Fund, since 18-06-2024
Rakesh Shetty
Fund manager of Motilal Oswal Multi Cap Fund, since 18-06-2024
Swapnil Mayekar
Fund manager of Motilal Oswal Multi Cap Fund, since 18-11-2025

See all funds of Motilal Oswal Mutual Fund

AUM change

September 2026: ₹4,600.83 Cr; −1.62% from August 2026
August 2026: ₹4,676.55 Cr; +4.11% from July 2026
July 2026: ₹4,491.96 Cr; +6.31% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Motilal Oswal Multi Cap Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Motilal Oswal Multi Cap vs Axis MulticapMulti Cap
Motilal Oswal Multi Cap vs WhiteOak Capital Multi CapMulti Cap
Motilal Oswal Multi Cap vs LIC MF Multi CapMulti Cap
Motilal Oswal Multi Cap vs Bank of India Multi CapMulti Cap
Motilal Oswal Multi Cap vs HSBC Multi CapMulti Cap
Motilal Oswal Multi Cap vs Motilal Oswal Business Cycle44.6% overlap
Motilal Oswal Multi Cap vs Motilal Oswal Focused39.3% overlap
Motilal Oswal Multi Cap vs Motilal Oswal Flexi Cap35.8% overlap

Compare with any other fund

Frequently Asked Questions for Motilal Oswal Multi Cap Fund

What is the current NAV of Motilal Oswal Multi Cap Fund?

The Direct plan NAV is ₹14.8573. The Regular plan NAV is ₹14.4145, as on 30-10-2026.

What are the returns of Motilal Oswal Multi Cap Fund?

The Direct plan returned +5.13% in 1 year. The Regular plan returned +3.94% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Motilal Oswal Multi Cap Fund?

The Direct plan charges 1.20% a year. The Regular plan charges 2.31% 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 Multi Cap Fund?

Motilal Oswal Multi Cap Fund managed ₹4,600.83 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Motilal Oswal Multi Cap Fund?

At the end of September 2026 the largest holdings were DIVISLAB (5.03%), ETERNAL (4.38%), LENSKART (4.30%), SHAILY (4.02%), KALYANKJIL (3.51%). The fund held 35 securities in all.

What did Motilal Oswal Multi Cap Fund buy and sell in September 2026?

It bought 3 new stocks: Moneyview Limited, Multi Commodity Exchange of India Limited, Sansera Engineering Limited. It sold out of 4: Premier Energies Limited, Persistent Systems Ltd, PB Fintech Limited, PNB Housing Finance Limited. It added shares in 8. It reduced 11.

How do I invest in Motilal Oswal Multi 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 Multi Cap Fund?

Ajay Khandelwal (since 18-06-2024), Sandeep Jain (since 05-12-2025), Atul Mehra (since 18-06-2024), Rakesh Shetty (since 18-06-2024), Swapnil Mayekar (since 18-11-2025).

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.