Motilal Oswal Services Fund

All Cap

Consumption

Equity

India Growth

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Motilal Oswal Services Fund Growth focuses on Indian consumer and retail companies for growth.

What This Strategy Does

Motilal Oswal Services Fund Regular Growth is an equity fund which captures India's burgeoning services economy through a multi-cap portfolio construction, deploying capital across financials, technology, and healthcare to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming in 10 of the past 12 years, highlighting its ability to deliver consistent earnings and downside protection across market cycles.

Differentiated Construction

The fund's differentiated construction, with a mid-cap bias and overweight exposure to the technology and financial services sectors, coupled with high-conviction positions in stocks like Infosys and HDFC Bank, sets it apart from peers.

Structural Growth Tailwinds

The fund is well-positioned to capitalize on structural growth trends in the Indian services sector, supported by favorable policy reforms, rising consumer spending, and an expanding digital economy, while trading at a reasonable valuation relative to history.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Motilal Oswal Services Fund

Benchmark Index

Benchmark Performance Comparison

Motilal Oswal Services Fund

NIFTY 50

Detailed Risks

Market Risk

Potential recession in India could dampen services demand, impacting fund holdings.

Liquidity Risk

High mid-cap exposure risks liquidity stress during volatility spikes.

Concentration Risk

Concentrated services sector exposure vulnerable to regulatory changes or competition.

Specific Strategy Risk

Earnings misses or growth deceleration among key services holdings.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Captures India's burgeoning services sector through exposure to leading companies across technology, healthcare, and financial services. This theme capitalizes on the country's competitive advantages in human capital and domestic consumption growth.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, with consumption and earnings normalization supporting a more constructive outlook. Sectors geared towards domestic demand such as consumer, financials and industrials seem poised to benefit, though risks like margin pressures remain.

Why This Strategy is Attractive Now

This strategy's balanced exposure across consumer, financial services and technology companies, including established leaders, seems well-aligned with the emerging recovery dynamics. Its diversification across around 70 holdings and moderate risk profile could allow for flexibility in capturing opportunities while managing cyclicality concerns.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models and pricing power.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong franchises, sustainable growth drivers, and capable management teams. Selection: The process suggests a preference for businesses with attractive returns, healthy balance sheets, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a focus on risk management through diversification and position sizing.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods9.94%

Services12.67%

Consumers9.55%

Financial Services42.76%

Technology25.07%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Aster DM Healthcare Ltd Ordinary SharesServices7.18%

Multi Commodity Exchange of India LtdFinancial Services6.03%

Aditya Birla Capital LtdFinancial Services5.10%

One97 Communications LtdTechnology4.81%

Aditya Birla Sun Life AMC LtdFinancial Services4.60%

Aditya Infotech LtdCapital Goods4.44%

ICICI Prudential Asset Management Co LtdFinancial Services3.92%

Apollo Hospitals Enterprise LtdServices3.87%

Birlasoft LtdTechnology3.73%

Shriram Finance LtdFinancial Services3.56%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Atul Mehra

Mr. Atul Mehra has experience of 8 years. Manages 98 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹689 Cr

70 years

Combined Team Experience

₹ 20,721 Cr

Assets Under Management

Bhalchandra Shinde

Co-Portfolio Manager

Mr. Bhalchandra Shinde has experience of 15 years. Manages 54 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹89 Cr Holds a B.E. degree.

Rakesh Shetty

Co-Portfolio Manager

Mr. Rakesh Shetty has experience of 4 years. Manages 276 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹10,161 Cr

Swapnil Mayekar

Co-Portfolio Manager

Mr. Swapnil Mayekar has experience of 21 years. Manages 214 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹9,582 Cr Holds a M.com degree.

Ajay Khandelwal

Co-Portfolio Manager

Mr. Ajay Khandelwal has experience of 21 years. Manages 76 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹200 Cr Holds a B.E. degree.

Bhalchandra Shinde

Co-Portfolio Manager

Mr. Bhalchandra Shinde has experience of 15 years. Manages 54 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹89 Cr Holds a B.E. degree.

Rakesh Shetty

Co-Portfolio Manager

Mr. Rakesh Shetty has experience of 4 years. Manages 276 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹10,161 Cr

Swapnil Mayekar

Co-Portfolio Manager

Mr. Swapnil Mayekar has experience of 21 years. Manages 214 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹9,582 Cr Holds a M.com degree.

Ajay Khandelwal

Co-Portfolio Manager

Mr. Ajay Khandelwal has experience of 21 years. Manages 76 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹200 Cr Holds a B.E. degree.

CW Expert Take

Motilal Oswal Services Fund applies a thematic approach to investing in India's services sector. Their investment philosophy centers on identifying structural growth opportunities driven by domestic consumption trends. The fund house maintains a concentrated portfolio of high-conviction ideas backed by rigorous fundamental research, with a focus on quality franchises across financial services, healthcare, and technology verticals.

Investment Philosophy & Approach

Disciplined Approach

Motilal Oswal AMC follows a disciplined investment approach focused on rigorous research.

Long-Term Perspective

The fund house adopts a long-term perspective in capital allocation decisions.

Risk Management

Robust risk management practices are integral to the investment process.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.47%

Regulatory & Tax Information

INF247L01FG1

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)