Motilal Oswal Services Gr

All Cap

Consumption

Equity

India Growth

Others

Emotionally driven

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 Reg Gr is an equity fund which captures India's ₹50 trillion 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 investment process is differentiated from peers through its overweight positioning in the financial services sector, including conviction holdings like HDFC Bank, and a tilt towards mid-cap companies like Mindtree, reflecting its distinct allocation logic.

Cyclical Upside Potential

With a reasonable valuation relative to history and an overweight exposure to sectors poised to benefit from the capex cycle revival and earnings revisions, the fund could participate strongly in the next phase of the market cycle if the thesis plays out.

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 Gr

Benchmark Index

Benchmark Performance Comparison

Motilal Oswal Services Fund

NIFTY 50

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

Risk Profile

Standard Deviation20.0%

Sharpe Ratio0.60

Detailed Risks

Market Risk

Potential recession and consumer demand contraction could undermine services sector growth.

Liquidity Risk

High mid-cap exposure could face liquidity stress during volatility spikes.

Concentration Risk

Concentrated services sector exposure vulnerable to regulatory changes or competitive disruption.

Specific Strategy Risk

Earnings misses or growth deceleration among key services holdings could impair performance.

Strategy Details

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

Core Investment Theme

Captures India's burgeoning services sector—a key driver of economic growth and employment. This theme provides exposure to companies benefiting from rising consumer incomes, outsourcing tailwinds, and the nation's competitive advantages in IT, banking, and other services exports.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent valuation correction. Consumption and earnings normalization, coupled with a revival in capital expenditure and credit growth, are aligning favorably with the strategy's tilt towards consumer, financial services, and technology sectors. While competitive pressures and margin cyclicality remain risks, the present environment offers an attractive entry point.

Why This Strategy is Attractive Now

The strategy seems well-positioned to capitalize on the current environment through its balanced exposure across consumer cyclicals, defensives, financials, and technology. The portfolio's diversification across approximately 70 holdings, including market leaders, offers a blend of growth and stability. With a moderate beta and risk-adjusted positioning, the strategy appears differentiated from index-like approaches and stands to benefit from its flexibility.

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 across large and mid-cap market segments.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach focused on companies with pricing power, recurring revenues, and strong balance sheets may provide a degree of defensiveness while participating in secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas through a combination of quantitative screening for quality characteristics like high returns on capital, stable earnings, and low financial leverage, complemented by fundamental research into long-term competitive positioning and growth runways. Selection: The selection process suggests a preference for companies operating in industries with high barriers to entry, sustainable competitive advantages, and the ability to compound shareholder value through disciplined capital allocation and execution. Construction: Portfolio construction is consistent with a multi-capitalization core approach, diversified across sectors with an emphasis on balancing risk exposures through position sizing linked to conviction levels.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods8.82%

Services16.22%

Consumers12.55%

Financial Services39.01%

Technology23.39%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Multi Commodity Exchange of India LtdFinancial Services6.62%

Aster DM Quality Care Ltd Ordinary SharesServices5.17%

Aditya Birla Capital LtdFinancial Services5.05%

Apollo Hospitals Enterprise LtdServices4.94%

Aditya Birla Sun Life AMC LtdFinancial Services4.67%

One97 Communications LtdTechnology4.52%

Restaurant Brands Asia Ltd Ordinary SharesConsumers4.14%

Hexaware Technologies Ltd Ordinary SharesTechnology4.09%

Zensar Technologies LtdTechnology3.97%

Shadowfax Technologies LtdCapital Goods3.64%

Fund House Management

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

Fund Manager Track Record

Bhalchandra Shinde

Lead Portfolio Manager

Mr. Bhalchandra Shinde has experience of 16 years. Manages 48 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹89 Cr Holds a B.E. degree.

Swapnil Mayekar

Co-Portfolio Manager

Mr. Swapnil Mayekar has experience of 22 years. Manages 229 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 22 years. Manages 82 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹200 Cr Holds a B.E. degree.

Rakesh Shetty

Co-Portfolio Manager

Mr. Rakesh Shetty has experience of 4 years. Manages 289 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹10,161 Cr

Atul Mehra

Co-Portfolio Manager

Mr. Atul Mehra has experience of 8 years. Manages 60 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹689 Cr

Swapnil Mayekar

Co-Portfolio Manager

Mr. Swapnil Mayekar has experience of 22 years. Manages 229 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 22 years. Manages 82 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹200 Cr Holds a B.E. degree.

Rakesh Shetty

Co-Portfolio Manager

Mr. Rakesh Shetty has experience of 4 years. Manages 289 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹10,161 Cr

Atul Mehra

Co-Portfolio Manager

Mr. Atul Mehra has experience of 8 years. Manages 60 funds at Motilal Oswal Asset Management Company Limited - Portfolio Managers with an AUM of approximately ₹689 Cr

CW Expert Take

Motilal Oswal brings a focused approach to investing in India's services sector. Their investment philosophy centers on identifying quality franchises with sustainable competitive advantages and growth runways. The fund house maintains disciplined frameworks for evaluating business models and governance standards across sectors like technology, financials, and healthcare. Motilal Oswal combines bottom-up research with top-down thematic insights to construct high-conviction equity portfolios.

71 years

Combined Team Experience

₹ 20,721 Cr

Assets Under Management

Firm Overview

AMCMotilal Oswal Asset Management Company Limited - Portfolio Managers

Investment Professionals49+

Global Offices250 Cities

Investment Philosophy & Approach

Disciplined Approach

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

Risk Management

The fund house emphasizes robust risk management through diversification and prudent exposure limits.

Long-Term Perspective

Motilal Oswal AMC adopts a long-term perspective in its investment decision-making process.

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)2.75%

Regulatory & Tax Information

INF247L01FG1

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)