Motilal Oswal Small Cap Fund is a Small Cap fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹8,298 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 10.6% and its Regular plan returned 9.4%. Its benchmark, Nifty Smallcap 250 TRI, returned −3.1% over the same year.
NAV (Direct plan)
₹16.47
▼ 1.59% · 30-10-2026
NAV (Regular plan)
₹15.87
▼ 1.60% · 30-10-2026
Expense ratio
0.87%Direct1.93%Regular
0.87%
A year
Riskometer
Not available
Set by the fund house
1 year return
10.6%Direct9.4%Regular
10.6%
Total
Motilal Oswal Small Cap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹16.47 (down 1.59% that day); Regular Plan Growth ₹15.87 (down 1.60% that day).
This fund (Direct plan)
₹16.4684
Motilal Oswal Small Cap Fund Returns vs Nifty Smallcap 250 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)
−5.03%
−2.60%
+11.24%
+10.62%
--
--
--
This fund (Regular)
−5.12%
−2.87%
+10.61%
+9.38%
--
--
--
Nifty Smallcap 250 TRI
−5.78%
−5.87%
+0.62%
−3.15%
+12.35%
+13.11%
+13.34%
Small Cap average
−5.86%
−3.28%
+5.03%
+3.00%
--
--
--
Best in Small Cap
−2.98%
+10.76%
+19.23%
+19.98%
--
--
--
Worst in Small Cap
−11.16%
−7.95%
−4.62%
−10.42%
--
--
--
Rank in Small Cap
10/36
13/36
4/36
5/31
--
--
--
Category rows compare the Direct plans of 36 Small Cap funds. Rank 1 is the highest return.
Motilal Oswal Small Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Smallcap 250 TRI
2026to date
+14.91%
+13.84%
+1.00%
2025
−4.09%
−5.32%
−5.48%
2024
+48.16%
+45.98%
+27.21%
Motilal Oswal Small 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 453 periods, one for each trading day from 30-12-2024 to 30-10-2026.
−20%0%20%40%60%
Motilal Oswal Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Feb 2024 to Feb 2025Jun 2024 to Jun 2025Oct 2024 to Oct 2025Jan 2025 to Jan 2026May 2025 to May 2026Sept 2025 to Sept 2026
Motilal Oswal Small Cap Fund (Direct)Nifty Smallcap 250 TRI
9%
37%
Below 0%
13%
31%
0-5%
13%
21%
5-10%
19%
8%
10-15%
20%
2%
15-20%
12%
1%
20-25%
14%
1%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
453
14.1%
−8.0%
51.2%
9%
2.0%
98%
2 years
206
14.8%
8.3%
21.2%
0%
2.6%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
23
13.5%
−13.4%
51.2%
26%
4.3%
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 Nifty Smallcap 250 TRI over the same days. Past returns do not promise future returns.
Motilal Oswal Small Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Motilal Oswal Small Cap Fund (Direct)This fund
Nifty Smallcap 250 TRI
Return (CAGR)
+10.62%
−3.15%
Standard deviation
17.28%
17.96%
Sharpe ratio
0.31
-0.47
Sortino ratio
0.44
-0.63
Maximum drawdown
−16.5%
(23-03-2026)
−18.2%
(23-03-2026)
Beta
0.91
1.00
Alpha
+13.01%
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 Small Cap Fund (Direct)This fund
Nifty Smallcap 250 TRI
Return (CAGR)
+18.87%
+7.09%
Standard deviation
17.20%
19.35%
Sharpe ratio
0.75
0.06
Sortino ratio
1.03
0.08
Maximum drawdown
−23.7%
(03-03-2025)
−26.0%
(03-03-2025)
Beta
0.84
1.00
Alpha
+11.96%
0.00%
From daily NAVs, 29-12-2023 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.
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.
−30%−25%−20%−15%−10%−5%0%
Motilal Oswal Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
202420252026
Motilal Oswal Small Cap Fund (Direct)Nifty Smallcap 250 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Motilal Oswal Small Cap Fund (Direct)
−23.7%
17-12-2024
03-03-2025
07-05-2026
14 months
−7.9%
Nifty Smallcap 250 TRI
−26.0%
23-09-2024
03-03-2025
26-08-2026
18 months
−9.4%
From the Direct plan's daily NAV since 29-12-2023, adjusted for unit splits, and Nifty Smallcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Motilal Oswal Small Cap Fund vs Other Small Cap Funds
The five Small 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 Small Cap 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
Small Cap median
Cost rank (1 = cheapest)
Direct
0.56%
0.06%
0.00%
0.25%
0.87%
0.91%
17/36
Regular
1.53%
0.06%
0.00%
0.34%
1.93%
2.06%
14/36
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 Small 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
9.38%
10.62%
1.24%
₹1,09,380
₹1,10,620
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 Small 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 29-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMotilal Oswal Small Cap Fund (Direct)
₹3,50,000
₹4,33,492
₹83,492
14.9%
Regular planMotilal Oswal Small Cap Fund (Regular)
₹3,50,000
₹4,25,050
₹75,050
13.5%
Nifty Smallcap 250 TRI
₹3,50,000
₹3,61,147
₹11,147
2.1%
Category averageCategory average, 36 Small Cap funds
₹3,50,000
₹3,88,407
₹38,407
7.1%
₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L
Direct planMotilal Oswal Small Cap Fund (Direct)
Regular planMotilal Oswal Small Cap Fund (Regular)
Nifty Smallcap 250 TRI
Category averageCategory average, 36 Small Cap funds
Amount invested
202420252026
Direct planMotilal Oswal Small Cap Fund (Direct)Regular planMotilal Oswal Small Cap Fund (Regular)Nifty Smallcap 250 TRICategory averageCategory average, 36 Small 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 Small Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
91.9%Equity
Asset
Fund
Category
Equity
91.9%
93.6%
Cash and others
8.1%
5.8%
Market cap of stocks
Market cap
Fund
Category
Large Cap
2.5%
4.8%
Mid Cap
7.4%
10.9%
Small Cap
77.0%
73.6%
Not on AMFI's list
5.1%
4.2%
Share of the whole fund. Category: the average of the Small 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 Small Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Consumer Durables9.3%
Industrial Manufacturing8.7%
Retailing8.7%
Auto Components7.6%
Healthcare Services7.4%
Banks6.6%
Pharmaceuticals & Biotechnology6.1%
Finance4.8%
Electrical Equipment4.5%
Capital Markets4.3%
The ten largest of 22 sectors. The other 12 add up to 23.9%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Consumer Durables
11.2%
10.1%
9.3%
−1.9%
Industrial Manufacturing
7.1%
7.5%
8.7%
+1.6%
Retailing
8.6%
8.5%
8.7%
+0.1%
Auto Components
7.5%
7.6%
7.6%
+0.1%
Healthcare Services
7.9%
7.7%
7.4%
−0.5%
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 Small Cap Fund Portfolio Holdings
As on 30-09-2026 · 58 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Rubicon Research Limited
Pharmaceuticals & Biotechnology
3.84%
−2.9%
VA Tech Wabag Limited
Other Utilities
3.82%
−6.2%
CCL Products (India) Limited
Agricultural Food & other Products
3.49%
+11.8%
Aditya Infotech Limited
Industrial Manufacturing
3.38%
0.0%
Karur Vysya Bank Limited
Banks
3.02%
0.0%
Dr Agarwals Health Care Limited
Healthcare Services
2.92%
+4.6%
Sky Gold And Diamonds Limited
Consumer Durables
2.57%
−0.4%
Syrma SGS Technology Ltd
Industrial Manufacturing
2.52%
0.0%
Rainbow Childrens Medicare Limited
Healthcare Services
2.36%
+7.6%
Campus Activewear Limited
Consumer Durables
2.20%
+12.1%
V-Mart Retail Limited
Retailing
2.14%
+6.7%
Vijaya Diagnostic Centre Limited
Healthcare Services
2.14%
0.0%
Pricol Limited
Auto Components
2.10%
+1.4%
Five Star Business Finance Limited
Finance
2.10%
+2.8%
Varroc Engineering Limited
Auto Components
2.07%
+14.2%
Asahi India Glass Limited
Auto Components
2.04%
0.0%
Shaily Engineering Plastics Limited
Consumer Durables
1.88%
0.0%
Aegis Vopak Terminals Limited
Oil
1.84%
−2.5%
V2 Retail Limited
Retailing
1.80%
+14.3%
Aditya Vision Ltd
Retailing
1.76%
+8.7%
JM Financial Limited
Finance
1.72%
+8.3%
Multi Commodity Exchange of India Limited
Capital Markets
1.72%
+1.8%
MTAR Technologies Limited
Electrical Equipment
1.71%
+9.2%
DCB Bank Limited
Banks
1.71%
+6.1%
Meesho Ltd
Retailing
1.69%
+1.9%
eClerx Services Limited
Commercial Services & Supplies
1.69%
+7.4%
Apar Industries Limited
Electrical Equipment
1.65%
0.0%
Chalet Hotels Limited
Leisure Services
1.51%
+8.8%
Dixon Technologies (India) Limited
Consumer Durables
1.49%
0.0%
Central Depository Services (India) Limited
Capital Markets
1.42%
+7.5%
Gabriel India Limited
Auto Components
1.40%
+3.5%
Symbiotec Pharmalab Limited
Pharmaceuticals & Biotechnology
1.32%
+90.9%
Gokaldas Exports Limited
Textiles & Apparels
1.30%
0.0%
City Union Bank Limited
Banks
1.28%
0.0%
Eternal Limited
Retailing
1.28%
0.0%
Deepak Fertilizers and Petrochemicals Corporation Limited
Chemicals & Petrochemicals
1.27%
+8.2%
Lohia Corp Limited
Industrial Manufacturing
1.19%
+15.2%
BSE Limited
Capital Markets
1.19%
New
Shadowfax Technologies Limited
Transport Services
1.18%
0.0%
PG Electroplast Limited
Consumer Durables
1.13%
0.0%
Schneider Electric Infrastructure Limited
Electrical Equipment
1.10%
+11.6%
Aditya Birla Real Estate Limited
Realty
1.01%
+8.6%
Cholamandalam Financial Holdings Limited
Finance
0.99%
+6.8%
Manipal Payment and Identity Solutions Limited
Financial Technology (Fintech)
0.93%
New
Onesource Specialty Pharma Limited
Pharmaceuticals & Biotechnology
0.92%
0.0%
Thirumalai Chemicals Limited
Chemicals & Petrochemicals
0.91%
0.0%
Indo-MIM Limited
Industrial Manufacturing
0.86%
+8.1%
KEI Industries Limited
Industrial Products
0.81%
0.0%
Sonata Software Limited
IT - Software
0.79%
+3.1%
Kaynes Technology India Limited
Industrial Manufacturing
0.78%
+23.7%
Wework India Management Limited
Commercial Services & Supplies
0.75%
0.0%
Birlasoft Limited
IT - Software
0.65%
0.0%
The Jammu & Kashmir Bank Limited
Banks
0.62%
+62.9%
Zensar Technologies Limited
IT - Software
0.47%
0.0%
Kusumgar Limited
Textiles & Apparels
0.44%
+3.6%
Devyani International Limited
Leisure Services
0.41%
+82.1%
Rentomojo Limited
Commercial Services & Supplies
0.38%
New
Rossari Biotech Limited
Chemicals & Petrochemicals
0.25%
−16.0%
Motilal Oswal Small Cap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Rubicon Research Limited
↓Reduced
−2.9%
3.84%
VA Tech Wabag Limited
↓Reduced
−6.2%
3.82%
CCL Products (India) Limited
↑Added
+11.8%
3.49%
Dr Agarwals Health Care Limited
↑Added
+4.6%
2.92%
Sky Gold And Diamonds Limited
↓Reduced
−0.4%
2.57%
Rainbow Childrens Medicare Limited
↑Added
+7.6%
2.36%
V-Mart Retail Limited
↑Added
+6.7%
2.14%
Pricol Limited
↑Added
+1.4%
2.10%
Campus Activewear Limited
↑Added
+12.1%
2.20%
Five Star Business Finance Limited
↑Added
+2.8%
2.10%
Varroc Engineering Limited
↑Added
+14.2%
2.07%
Aegis Vopak Terminals Limited
↓Reduced
−2.5%
1.84%
V2 Retail Limited
↑Added
+14.3%
1.80%
Multi Commodity Exchange of India Limited
↑Added
+1.8%
1.72%
DCB Bank Limited
↑Added
+6.1%
1.71%
Aditya Vision Ltd
↑Added
+8.7%
1.76%
eClerx Services Limited
↑Added
+7.4%
1.69%
JM Financial Limited
↑Added
+8.3%
1.72%
MTAR Technologies Limited
↑Added
+9.2%
1.71%
Meesho Ltd
↑Added
+1.9%
1.69%
Chalet Hotels Limited
↑Added
+8.8%
1.51%
Central Depository Services (India) Limited
↑Added
+7.5%
1.42%
Gabriel India Limited
↑Added
+3.5%
1.40%
Hexaware Technologies Limited
↓Sold out
−100%
was 1.46%
Symbiotec Pharmalab Limited
↑Added
+90.9%
1.32%
Deepak Fertilizers and Petrochemicals Corporation Limited
↑Added
+8.2%
1.27%
Lohia Corp Limited
↑Added
+15.2%
1.19%
BSE Limited
↑New
New
1.19%
Aditya Birla Real Estate Limited
↑Added
+8.6%
1.01%
Schneider Electric Infrastructure Limited
↑Added
+11.6%
1.10%
Cholamandalam Financial Holdings Limited
↑Added
+6.8%
0.99%
Manipal Payment and Identity Solutions Limited
↑New
New
0.93%
Sonata Software Limited
↑Added
+3.1%
0.79%
Indo-MIM Limited
↑Added
+8.1%
0.86%
Kaynes Technology India Limited
↑Added
+23.7%
0.78%
The Jammu & Kashmir Bank Limited
↑Added
+62.9%
0.62%
Kusumgar Limited
↑Added
+3.6%
0.44%
Devyani International Limited
↑Added
+82.1%
0.41%
Radico Khaitan Limited
↓Sold out
−100%
was 0.41%
Milky Mist Dairy Food Limited
↓Sold out
−100%
was 0.40%
Rentomojo Limited
↑New
New
0.38%
Rossari Biotech Limited
↓Reduced
−16.0%
0.25%
Jain Resource Recycling Limited
↓Sold out
−100%
was 0.33%
P N Gadgil Jewellers Limited
↓Sold out
−100%
was 0.21%
Styrenix Performance Materials Limited
↓Sold out
−100%
was 0.07%
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 Small Cap Fund Overview
Fund facts from the scheme summary document
Expense ratio (Direct)
0.87%
Expense ratio (Regular)
1.93%
Category
Small Cap
Risk
Not available
Benchmark
Not available
Launch date
Not available
Minimum investment
Not available
Minimum additional investment
Not available
AUM
₹8,297.97 Cr (30-09-2026)
Lock in
Not available
Scheme code (Direct)
152237
ISIN (Direct)
INF247L01BY3
Scheme code (Regular)
152232
ISIN (Regular)
INF247L01BV9
NAV history
From 29-12-2023, 2.8 years
Exit load
Not available
Tax on Motilal Oswal Small Cap Fund returns
Motilal Oswal Small 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
Reinvestment Payout
₹16.4683
30-10-2026
direct
Growth
₹16.4684
30-10-2026
regular
Reinvestment Payout
₹15.8679
30-10-2026
regular
Growth
₹15.8675
30-10-2026
About Motilal Oswal Small Cap Fund
Motilal Oswal Small Cap Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Small Cap. At the end of September 2026 it held 58 securities.
Frequently Asked Questions for Motilal Oswal Small Cap Fund
What is the current NAV of Motilal Oswal Small Cap Fund?
The Direct plan NAV is ₹16.4684. The Regular plan NAV is ₹15.8675, as on 30-10-2026.
What are the returns of Motilal Oswal Small Cap Fund?
The Direct plan returned +10.62% in 1 year. The Regular plan returned +9.38% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of Motilal Oswal Small Cap Fund?
The Direct plan charges 0.87% a year. The Regular plan charges 1.93% 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 Small Cap Fund?
Motilal Oswal Small Cap Fund managed ₹8,297.97 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Motilal Oswal Small Cap Fund?
At the end of September 2026 the largest holdings were RUBICON (3.84%), WABAG (3.82%), CCL (3.49%), CPPLUS (3.38%), KARURVYSYA (3.02%). The fund held 58 securities in all.
What did Motilal Oswal Small Cap Fund buy and sell in September 2026?
It bought 3 new stocks: Rentomojo Limited, BSE Limited, Manipal Payment and Identity Solutions Limited. It sold out of 6: Milky Mist Dairy Food Limited, Hexaware Technologies Limited, Jain Resource Recycling Limited, Styrenix Performance Materials Limited, Radico Khaitan Limited. It added shares in 31. It reduced 5.
How do I invest in Motilal Oswal Small 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. You can invest once or through a monthly SIP.
How has Motilal Oswal Small Cap Fund performed against its benchmark?
Its benchmark is Nifty Smallcap 250 TRI. The Direct plan returned +10.62% in 1 year. The benchmark returned −3.15% in 1 year.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.
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