Top Motilal Oswal Mutual Funds in India – Meaning, Full Form & NAV

As of June 2025, Motilal Oswal Asset Management Company (MOAMC) had surpassed ₹1.5 lakh cr (₹150,000 cr) in total assets under management across mutual funds, Portfolio Management Services (PMS), and Alternative Investment Funds (AIFs). Motilal Oswal offers a variety of funds suited to different investment goals and risk profiles.

List of Top Motilal Oswal Mutual Funds for 2025

Here are the top Motilal Oswal MFs in India for 2025, sorted as per their AUM.

Name	AUM	NAV	Absolute Returns - 1Y	CAGR 3Y	CAGR 5Y	Expense Ratio	Expense Ratio	Volatility	Exit Load
Motilal Oswal Midcap Fund	37500.9	119.4	0.6	28.3	32.4	0.7	0.7	17.7	1.0
Motilal Oswal Large & Midcap Fund	14870.3	38.1	10.2	28.8	27.8	0.7	0.7	20.5	1.0
Motilal Oswal Flexi Cap Fund	13553.8	70.1	6.9	23.7	19.0	0.9	0.9	17.5	1.0
Motilal Oswal Nasdaq 100 FOF	6635.0	49.3	36.8	35.0	21.4	0.2	0.2	25.2	1.0
Motilal Oswal Small Cap Fund	5829.9	14.8	8.3	0.0	0.0	0.6	0.6	17.1	1.0
Motilal Oswal Multi Cap Fund	4603.1	14.4	16.3	0.0	0.0	0.6	0.6	19.0	1.0
Motilal Oswal ELSS Tax Saver Fund	4514.5	60.9	4.2	26.2	24.8	0.6	0.6	21.3	0.0
Motilal Oswal S&P 500 Index Fund	4091.7	27.1	18.0	22.7	17.7	0.6	0.6	19.2	1.0
Motilal Oswal Nifty India Defence Index Fund	3892.1	10.8	36.0	0.0	0.0	0.4	0.4	29.9	1.0
Motilal Oswal Large Cap Fund	2942.3	14.7	17.1	0.0	0.0	0.8	0.8	12.9	1.0
Motilal Oswal Nifty Midcap 150 Index Fund	2816.6	40.5	11.1	24.6	26.1	0.3	0.3	17.3	1.0
Motilal Oswal Nifty Microcap 250 Index Fund	2729.0	17.2	-2.1	0.0	0.0	0.5	0.5	21.1	1.0
Motilal Oswal Nifty 500 Index Fund	2661.6	27.8	9.6	16.1	18.6	0.2	0.2	13.7	1.0
Motilal Oswal Business Cycle Fund	2151.2	13.4	15.3	0.0	0.0	0.6	0.6	18.6	1.0
Motilal Oswal Arbitrage Fund	1664.6	10.7	0.0	0.0	0.0	0.1	0.1	0.8	0.3

Disclaimer: Please note that the above list of Motilal Oswal mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Note: The data on the list of the best Motilal Oswal funds is from 20th November 2025. This data is derived from the Tickertape Mutual Funds Screener.

• AMC: Motilal Oswal Asset Management Limited
• Plan: Growth
• AUM: Sorted from highest to lowest

Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.

Overview of Top Motilal Oswal Mutual Funds

Motilal Oswal Midcap Fund

Motilal Midcap Fund invests in mid-sized companies that operate across diverse sectors. The portfolio focuses on businesses with scalable models, proven management and strong growth visibility. The fund tracks midcap opportunities through a research-driven approach and maintains a structured framework for stock selection within the midcap universe.

Motilal Oswal Large & Midcap Fund

Motilal Oswal Large and Midcap Fund invests in companies from both large-cap and midcap segments. The portfolio blends stability from established businesses with opportunities from emerging companies. The fund uses a disciplined investment process to identify high-quality stocks across market cycles while maintaining balanced exposure to both categories.

Motilal Oswal Flexi Cap Fund

Motilal Flexi Cap Fund invests across large, mid and small-cap companies without restrictions on sector or market cap. The fund follows a diversified approach supported by Motilal Oswal’s research framework. It allocates dynamically based on market opportunities and focuses on businesses with consistent earnings strength and long-term potential.

Motilal Oswal Nasdaq 100 FOF

Motilal Oswal Nasdaq 100 FOF invests in units of the Motilal Oswal Nasdaq 100 ETF, giving Indian investors access to leading global technology and innovation-driven companies. The fund mirrors the Nasdaq 100 index and provides exposure to themes such as cloud computing, digital platforms and large-scale tech brands.

Motilal Oswal Small Cap Fund

Motilal Oswal Small Cap Fund invests in emerging small-cap companies. The portfolio focuses on businesses with strong fundamentals, competitive advantages and potential for long-term expansion. The fund uses a research-heavy approach to identify early-stage opportunities within India’s fast-growing small-cap landscape.

Motilal Oswal Multi Cap Fund

Motilal Multi Cap Fund invests across large, mid, and small-cap companies with a minimum allocation to each category. The fund aims for diversified market exposure and identifies companies with strong financial performance, solid business models, and competitive strengths through a structured research and stock-selection process.

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal ELSS Tax Saver Fund is an equity-linked savings scheme that invests across sectors and market caps. The fund follows a research-driven approach and focuses on companies with strong fundamentals and long-term potential. It also offers tax benefits under Section 80C of the Income Tax Act.

Motilal Oswal S&P 500 Index Fund

Motilal Oswal S&P 500 Index Fund tracks the S&P 500 index and provides exposure to large US-based companies across sectors such as technology, healthcare, finance, and consumer goods. The fund mirrors the index’s performance and offers a simple route to global diversification through a passive structure.

Motilal Oswal Nifty India Defence Index Fund

Motilal Oswal Nifty India Defence Index Fund tracks the Nifty India Defence Index. It invests in companies that operate within India’s defence and aerospace ecosystem. The fund provides exposure to defence manufacturing, engineering, and equipment producers through a passive approach that replicates the index weightage and composition.

Motilal Oswal Large Cap Fund

Motilal Oswal Large Cap Fund invests in well-established large-cap companies. The fund follows Motilal Oswal’s research-driven QGLP approach to identify high-quality businesses with consistent performance. It focuses on stability, sector leadership and long-term competitive strengths within the large-cap universe.

Key Information About Motilal Oswal Asset Management

Category	Details
Company Name	Motilal Oswal Asset Management Company Ltd.
Incorporation Date	November 14, 2008
Legal Status	Public Limited Company
Core Investment Philosophy	QGLP — High Quality, Low Growth & Price (focus on quality of business + quality of management)
Risk Management Processes	Stock & sector weightage limits, sizing rules, diversification strategy, liquidity frameworks
Business Lines	Mutual funds, Portfolio Management Services (PMS)
Assets Under Management (AUM)	Crossed ₹1.5 lakh cr mark recently
Registered Office Address	Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025
Ethical / Thematic Products	Example:MOAMC Ethical &; PMS product (launched June 2021, AUM ~ ₹67 cr)
Parent / Group Company	Part of Motilal Oswal Financial Services Ltd (MOFSL) Group
Customer / Partner Reach	Over 12+ lakh partners/customers (as per the Become Partner portal)

How to invest in Motilal Oswal Mutual Funds

You can easily start to invest in Motilal Oswal mutual funds by following these steps:

1. To invest in the best Motilal Oswal mutual funds, you can visit a mutual fund investment platform such as smallcase.
2. The next step is to research and identify the Motilal Oswal mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
3. Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.

Top Fund Managers of Motilal Oswal

Rakesh Shetty

Rakesh Shetty has over 13 years of experience in equity and debt trading, ETF management, corporate treasury and banking. Before joining Motilal Oswal AMC, he handled equity and debt ETFs, customised indices and product development at a capital market firm, building expertise across multiple market segments.

Ajay Khandelwal

Ajay Khandelwal has 13 years of experience in fund management and research. He previously worked with Canara Robeco AMC, managing the Small Cap Fund. He holds an MBA from Manipal University and has built deep expertise in equity research, portfolio handling and investment processes across market cycles.

Atul Mehra

Atul Mehra has more than 15 years of professional experience, including 10 years with Motilal Oswal Group and earlier work at Edelweiss Capital. He is a CFA Charterholder and holds degrees in accounting and commerce from HR College and the University of Mumbai. He has been actively involved in investing since early adolescence.

Swapnil Mayekar

Swapnil Mayekar has over 18 years of experience in financial services, including 13 years at Motilal Oswal AMC in fund management and product development. His expertise includes equity and debt trading, quantitative analysis, customised index creation, model testing and research database development. He previously worked as a Research Associate at Business Standard.

Niket Shah

Niket Shah has 14 years of experience in equity research and fund management. He holds an MBA in Finance from Welingkar Institute. Before joining Motilal Oswal AMC, he led Midcaps Research at Motilal Oswal Securities and worked in midcap research roles at Edelweiss Securities and Religare Capital Markets.

Taxation on Motilal Oswal Mutual Funds

Fund Type	Holding Period	Taxation	Tax Rate
Equity Mutual Funds (e.g., Motilal Flexi Cap Fund, Midcap Fund, Large & Midcap Fund, ELSS Tax Saver Fund)	Short-Term (≤ 1 year)	Short-Term Capital Gains (STCG)	15% on gains
	Long-Term (> 1 year)	Long-Term Capital Gains (LTCG)	10% on gains above ₹1 lakh; exempt up to ₹1 lakh
Debt Mutual Funds	Short-Term (≤ 3 years)	Short-Term Capital Gains (STCG)	Taxed as per income tax slab rates
	Long-Term (> 3 years)	Long-Term Capital Gains (LTCG)	20% with indexation
Hybrid Funds (Equity ≥ 35%)	Short-Term (≤ 1 year)	Taxation follows equity fund rules	15% on gains
	Long-Term (> 1 year)	Taxation follows equity fund rules	10% on gains above ₹1 lakh; exempt up to ₹1 lakh
Hybrid Funds (Equity < 35%)	Short-Term (≤ 3 years)	Taxation follows debt fund rules	Taxed as per income tax slab rates
	Long-Term (> 3 years)	Taxation follows debt fund rules	20% with indexation
International Funds (e.g., Motilal Oswal Nasdaq 100 FOF, S&P 500 Index Fund)	Short-Term (≤ 3 years)	Taxation follows debt fund rules	Taxed as per income tax slab rates
	Long-Term (> 3 years)	Taxation follows debt fund rules	20% with indexation
ELSS (Equity Linked Savings Scheme)	Short-Term (≤ 3 years)	No tax on STCG as it’s locked-in	No tax on STCG
	Long-Term (> 3 years)	LTCG on redemption, same as equity fund taxation	10% on gains above ₹1 lakh; exempt up to ₹1 lakh
Dividends from All Funds	N/A	Taxable as per total income, TDS applicable on dividends above ₹5,000	TDS 10%, taxed as per income tax slab rates

Documents Required To Invest in Motilal Oswal Mutual Funds

• PAN Card: Mandatory for all investors.
• Proof of Identity (PoI): Aadhaar card, Passport, Voter ID, Driving Licence, or any government-issued photo ID.
• Proof of Address (PoA): Utility Bill, Bank Statement, Passport, or any government-issued address proof (not older than 3 months).
• Photograph: Recent passport-size photo with signature across it.

Risks of Investing in Motilal Oswal Mutual Funds

• Market Risk: Motilal Midcap Fund and Flexi Cap Fund invest in equity and face market fluctuations. If the market or the sectors they invest in witness a downturn, the fund’s performance may decline.
• Sector Concentration Risk: Funds with high exposure to one sector, such as Motilal Oswal Nifty India Defence Index Fund, may underperform if that sector faces a downturn. This risk tends to be higher in thematic or sector-specific funds.
• Liquidity Risk: Mutual funds usually offer liquidity, but funds holding less liquid assets, such as smaller companies or certain bonds, may face challenges when exiting positions. This may affect Motilal Oswal mutual fund returns.
• Interest Rate Risk for Debt Funds: Debt-oriented funds such as Motilal Oswal bond funds may experience a negative impact when interest rates rise. Higher interest rates reduce the value of fixed-income securities and may affect fund performance.
• Credit Risk: Funds investing in corporate bonds or credit instruments carry the risk of issuer defaults. Motilal Oswal debt funds remain exposed to this risk, and returns may be affected if a bond issuer defaults.
• Currency Risk for International Funds: Motilal Oswal international funds, such as the Motilal Oswal Nasdaq 100 FOF, carry foreign currency exposure. Any fluctuations between the Indian Rupee and the foreign currency may affect returns.

Factors to Consider While Investing in Motilal Oswal Mutual Funds

• Investment Objective & Goal Alignment: Funds may have strategies suited to various financial goals, including long-term capital growth, income generation, or tax savings. ELSS Funds, for example, focus on tax-saving and long-term growth, while Liquid Funds cater to short-term, low-risk investments.
• Risk Appetite & Asset Allocation: Risk tolerance varies among investors. Equity funds can be riskier due to market fluctuations, while debt or hybrid funds are typically lower-risk options.
• Fund Management Team & Experience: The fund’s management team plays a key role in performance. Teams with experience in managing specific asset types are often valued in the industry.
• Past Performance & Risk-adjusted Returns: Past performance can provide insight into a fund’s ability to navigate various market conditions, though it doesn’t guarantee future results.
• Expense Ratio & Costs: Expense ratios vary between funds and can affect overall returns. A lower expense ratio generally allows investors to retain a larger portion of the fund’s returns.

To Wrap Up…

Motilal Oswal Mutual Fund offers a mix of equity, debt, hybrid, and international schemes designed for different financial goals and risk preferences. The fund house has built a presence in the Indian market with consistent performance and products that support participation in India’s evolving capital markets. Investors can explore and invest in Motilal Oswal Mutual Fund schemes through smallcase after conducting their own research or consulting a financial advisor.

Frequently Asked Questions About Motilal Oswal Mutual Funds