Motilal Oswal Special Opportunities Fund

ThematicDirect and Regular plans, Growth option

Data as on 30-10-2026

Motilal Oswal Special Opportunities Fund is a Thematic fund run by Motilal Oswal Mutual Fund. On 30-09-2026, it managed ₹108 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 10.3% and its Regular plan returned 10.1%. Its benchmark, Nifty 500 TRI, returned −7.3% over the same year.

NAV (Direct plan): ₹11.99; ▼ 2.21%30-10-2026
NAV (Regular plan): ₹11.98; ▼ 2.21%30-10-2026
Expense ratio: 2.86%Direct2.98%Regular; 2.86%; A year
Riskometer: Very High; Set by the fund house
1 year return: 10.3%Direct10.1%Regular; 10.3%; Total

Motilal Oswal Special Opportunities Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.99 (down 2.21% that day); Regular Plan Growth ₹11.98 (down 2.21% that day).

This fund (Direct plan)

₹11.9933

Motilal Oswal Special Opportunities 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)	−4.34%	+2.62%	+10.04%	+10.26%	--	--	--
This fund (Regular)	−4.35%	+2.59%	+9.98%	+10.13%	--	--	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	194/235	13/232	34/232	27/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Motilal Oswal Special Opportunities Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	+12.12%	+12.01%	−7.51%

Motilal Oswal Special Opportunities 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 46 periods, one for each trading day from 21-08-2026 to 30-10-2026.

−10%0%10%20%30%

Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026

Motilal Oswal Special Opportunities Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	46	21.0%	7.7%	24.2%	0%	−2.0%	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 Special Opportunities Fund Risk

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

Risk and return

Measure	Motilal Oswal Special Opportunities Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+10.26%	−7.34%
Standard deviation	18.44%	14.48%
Sharpe ratio	0.27	-0.87
Sortino ratio	0.37	-1.16
Maximum drawdown	−15.2% (31-03-2026)	−14.7% (30-03-2026)
Beta	1.05	1.00
Alpha	+18.22%	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 Special Opportunities Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+14.45%	−3.73%
Standard deviation	17.41%	13.71%
Sharpe ratio	0.53	-0.66
Sortino ratio	0.73	-0.88
Maximum drawdown	−15.2% (31-03-2026)	−14.7% (30-03-2026)
Beta	1.04	1.00
Alpha	+18.49%	0.00%

From daily NAVs, 21-08-2025 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.

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.

−20%−15%−10%−5%0%

2026

Motilal Oswal Special Opportunities 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 Special Opportunities Fund (Direct)	−15.2%	18-11-2025	31-03-2026	06-05-2026	36 days	−6.8%
Nifty 500 TRI	−14.7%	02-01-2026	30-03-2026	Not yet	--	−8.4%

From the Direct plan's daily NAV since 21-08-2025, 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 Special Opportunities Fund vs Other Thematic Funds

The five Thematic 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
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Motilal Oswal Special Opportunities Fund	27/215	108	2.86%	+10.26%	--	--	--	--	--

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 Special Opportunities Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	2.00%	0.12%	0.01%	0.73%	2.86%	1.18%	233/235
Regular	2.10%	0.12%	0.01%	0.75%	2.98%	2.41%	211/235

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 Thematic 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	10.13%	10.26%	0.13%	₹1,10,130	₹1,10,260

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 Special Opportunities 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 21-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMotilal Oswal Special Opportunities Fund (Direct)	₹1,50,000	₹1,65,658	₹15,658	16.1%
Regular planMotilal Oswal Special Opportunities Fund (Regular)	₹1,50,000	₹1,65,531	₹15,531	15.9%
Nifty 500 TRI	₹1,50,000	₹1,44,217	−₹5,783	−5.8%
Category averageCategory average, 235 Thematic funds	₹1,50,000	₹1,50,331	₹331	0.3%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planMotilal Oswal Special Opportunities Fund (Direct)Regular planMotilal Oswal Special Opportunities Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic 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 Special Opportunities Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

91.0%Equity

Asset	Fund	Category
Equity	91.0%	94.5%
Cash and others	9.0%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	11.5%	45.7%
Mid Cap	16.0%	19.6%
Small Cap	52.4%	24.1%
Not on AMFI's list	11.1%	2.3%

Share of the whole fund. Category: the average of the Thematic 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 Special Opportunities Fund Sector Allocation

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

Largest sectors

Industrial Manufacturing17.8%
Electrical Equipment10.3%
Consumer Durables8.3%
Industrial Products7.8%
Auto Components5.4%
Finance4.5%
Telecom - Equipment & Accessories4.3%
Aerospace & Defense4.2%
Transport Services4.2%
Capital Markets3.6%

The ten largest of 18 sectors. The other 8 add up to 20.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Industrial Manufacturing	6.6%	12.4%	17.8%	+11.2%
Electrical Equipment	14.8%	12.4%	10.3%	−4.5%
Consumer Durables	4.4%	10.6%	8.3%	+3.9%
Industrial Products	2.8%	7.9%	7.8%	+5.0%
Auto Components	4.8%	6.6%	5.4%	+0.6%

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 Special Opportunities Fund Portfolio Holdings

As on 30-09-2026 · 25 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Diamond Power Infrastructure Ltd.	Electrical Equipment	7.51%	0.0%
Lumino Industries Limited	Industrial Products	5.75%	0.0%
Aditya Infotech Limited	Industrial Manufacturing	5.68%	0.0%
Samvardhana Motherson International Limited	Auto Components	5.39%	0.0%
Lohia Corp Limited	Industrial Manufacturing	5.37%	0.0%
Kalyan Jewellers India Limited	Consumer Durables	4.98%	0.0%
Piramal Finance Limited	Finance	4.47%	0.0%
Sterlite Technologies Limited	Telecom - Equipment & Accessories	4.32%	0.0%
Shadowfax Technologies Limited	Transport Services	4.16%	0.0%
Raymond Limited	Industrial Manufacturing	3.80%	New
Multi Commodity Exchange of India Limited	Capital Markets	3.56%	0.0%
Shaily Engineering Plastics Limited	Consumer Durables	3.34%	0.0%
Onesource Specialty Pharma Limited	Pharmaceuticals & Biotechnology	3.28%	0.0%
Solar Industries India Limited	Chemicals & Petrochemicals	3.27%	0.0%
One 97 Communications Limited	Financial Technology (Fintech)	2.99%	0.0%
Spectrum Electrical Industries Ltd	Industrial Manufacturing	2.93%	New
ABB India Limited	Electrical Equipment	2.80%	0.0%
Cemindia Projects Ltd	Construction	2.59%	0.0%
GNG Electronics Limited	IT - Hardware	2.44%	New
Zen Technologies Limited	Aerospace & Defense	2.19%	0.0%
Ola Electric Mobility Ltd	Automobiles	2.16%	0.0%
Garware Hi-Tech Films Limited	Industrial Products	2.09%	0.0%
V2 Retail Limited	Retailing	2.01%	0.0%
Data Patterns (India) Limited	Aerospace & Defense	2.00%	+28.8%
Jain Resource Recycling Limited	Diversified Metals	1.94%	0.0%

Motilal Oswal Special Opportunities Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Raymond Limited	New	New	3.80%
Spectrum Electrical Industries Ltd	New	New	2.93%
InterGlobe Aviation Limited	Sold out	−100%	was 2.88%
GNG Electronics Limited	New	New	2.44%
Data Patterns (India) Limited	Added	+28.8%	2.00%

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 Special Opportunities Fund bought and sold

Motilal Oswal Special Opportunities Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Motilal Oswal Active Momentum FundThematic · Motilal Oswal	39.1%	12	Compare
Motilal Oswal ELSS Tax Saver FundELSS · Motilal Oswal	32.9%	12	Compare
Motilal Oswal Flexi Cap FundFlexi Cap · Motilal Oswal	29.8%	9	Compare
Motilal Oswal Large and Midcap FundLarge & Mid Cap · Motilal Oswal	28.0%	11	Compare
Motilal Oswal Multi Cap FundMulti Cap · Motilal Oswal	25.1%	9	Compare
Motilal Oswal Quality FundThematic · Motilal Oswal	23.4%	7	Compare
Motilal Oswal Focused FundFocused · Motilal Oswal	21.2%	7	Compare
Motilal Oswal Infrastructure FundThematic · Motilal Oswal	18.7%	6	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 Special Opportunities Fund Overview

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

Expense ratio (Direct): 2.86%
Expense ratio (Regular): 2.98%
Category: Thematic
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 14-08-2025
Minimum investment: ₹500
Minimum additional investment: ₹500
AUM: ₹108.37 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153749
ISIN (Direct): INF247L01FS6
Scheme code (Regular): 153751
ISIN (Regular): INF247L01FV0
NAV history: From 21-08-2025, 1.2 years

Exit load: 1% - If redeemed within 3 months from the day of allotment. Nil - If redeemed after 3 months from the date of allotment.

Tax on Motilal Oswal Special Opportunities Fund returns

Motilal Oswal Special Opportunities 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	₹11.9933	30-10-2026
direct	Growth	₹11.9933	30-10-2026
regular	Payout Reinvestment	₹11.9775	30-10-2026
regular	Growth	₹11.9775	30-10-2026

About Motilal Oswal Special Opportunities Fund

Motilal Oswal Special Opportunities Fund is a mutual fund from Motilal Oswal Mutual Fund. Its category is Thematic. It was launched on 14-08-2025. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 25 securities.

Fund Manager

Ajay Khandelwal
Fund manager of Motilal Oswal Special Opportunities Fund, since 14-08-2025
Atul Mehra
Fund manager of Motilal Oswal Special Opportunities Fund, since 14-08-2025
Bhalchandra Shinde
Fund manager of Motilal Oswal Special Opportunities Fund, since 14-08-2025
Rakesh Shetty
Fund manager of Motilal Oswal Special Opportunities Fund, since 14-08-2025

See all funds of Motilal Oswal Mutual Fund

AUM change

September 2026: ₹108.37 Cr; +17.65% from August 2026
August 2026: ₹92.11 Cr; +12.66% from July 2026
July 2026: ₹81.76 Cr; +5.23% from June 2026

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

Compare Motilal Oswal Special Opportunities Fund with Other Funds

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

Compare with any other fund

Frequently Asked Questions for Motilal Oswal Special Opportunities Fund

What is the current NAV of Motilal Oswal Special Opportunities Fund?

The Direct plan NAV is ₹11.9933. The Regular plan NAV is ₹11.9775, as on 30-10-2026.

What are the returns of Motilal Oswal Special Opportunities Fund?

The Direct plan returned +10.26% in 1 year. The Regular plan returned +10.13% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Motilal Oswal Special Opportunities Fund?

The Direct plan charges 2.86% a year. The Regular plan charges 2.98% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Motilal Oswal Special Opportunities Fund?

Motilal Oswal Special Opportunities Fund managed ₹108.37 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Motilal Oswal Special Opportunities Fund?

At the end of September 2026 the largest holdings were DIACABS (7.51%), Lumino Industries Limited (5.75%), CPPLUS (5.68%), MOTHERSON (5.39%), LCL (5.37%). The fund held 25 securities in all.

What did Motilal Oswal Special Opportunities Fund buy and sell in September 2026?

It bought 3 new stocks: Spectrum Electrical Industries Ltd, GNG Electronics Limited, Raymond Limited. It sold out of 1: InterGlobe Aviation Limited. It added shares in 1.

How do I invest in Motilal Oswal Special Opportunities 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 Special Opportunities Fund?

Ajay Khandelwal (since 14-08-2025), Atul Mehra (since 14-08-2025), Bhalchandra Shinde (since 14-08-2025), Rakesh Shetty (since 14-08-2025).

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.