Motilal Oswal Services

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 concentrated portfolio, 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.

Concentrated Financials Tilt

With a 39% overweight in financial services, the fund's differentiated sector positioning reflects conviction in the sector's structural growth drivers and earnings revision catalysts.

Moderate Risk Profile

The fund's valuation appears fair relative to history and peers, while its mid-cap bias and moderate volatility suggest a balanced risk/reward profile suitable for core portfolio allocations.

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

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 economic slowdown could dampen consumer demand, impacting service sector revenues.

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Strategy Details

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

Core Investment Theme

Captures India's burgeoning services economy through exposure to leading companies across technology, financial services, healthcare, and consumer sectors. This dynamic approach aims to capitalize on India's demographic dividend and rising discretionary spending power.

Broader Market View

Market Outlook

The global economy faces headwinds from elevated inflation and tightening monetary policies, creating opportunities in strategies focused on quality companies with pricing power and resilient cash flows.

Why This Strategy is Attractive Now

This strategy aims to capitalize on long-term structural trends by investing in companies positioned to benefit from secular growth drivers, potentially offering attractive risk-adjusted returns in a volatile market environment.

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 relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can offer a compelling combination of resilience and upside participation, balancing defensive attributes with exposure to secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong franchises, pricing power, and sustainable competitive moats, often sourced from sectors with structural tailwinds like technology, healthcare, and consumer staples. Selection: The selection process suggests a preference for businesses with robust free cash flow generation, high returns on invested capital, and attractive reinvestment opportunities to compound growth over time. Construction: Portfolio construction is consistent with a focus on risk-adjusted returns, maintaining prudent diversification while allowing high-conviction ideas to emerge as meaningful drivers of performance.

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

Ajay Khandelwal

Lead 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.

Bhalchandra Shinde

Co-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.

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

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

Bhalchandra Shinde

Co-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.

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

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

CW Expert Take

Motilal Oswal brings a focused approach to investing in India's services sector. Their equity strategies reflect deep understanding of business models and competitive dynamics within this high-growth space. The fund house maintains disciplined frameworks for stock selection and portfolio construction, backed by specialized research capabilities in sectors like technology, financials, and healthcare.

71 years

Combined Team Experience

₹ 20,721 Cr

Assets Under Management

Firm Overview

AMCMotilal Oswal Asset Management Company Limited - Portfolio Managers

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 maintains 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)