Motilal Oswal Large and Midcap Fund Analyst Review: NAV, Returns and Key Insights 2026
- May 28, 2026
- Posted by: Kashish Aggarwal
- Category: News
The Motilal Oswal Large and Midcap Fund Direct Growth plan has returned 6.66% over the past year, reflecting conditions in its investment segment. With a NAV of Rs 38.07 and an AUM of Rs 16,776.60 crore, the fund continues to maintain investor interest. This analyst review covers performance history, expense ratio, associated risks, and investment suitability for 2025.
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What Is the Motilal Oswal Large and Midcap Fund?
The Motilal Oswal Large and Midcap Fund is a Large and Mid Cap equity fund maintaining mandatory minimum allocations of 35% each to large-cap and mid-cap stocks. This dual-exposure structure aims to combine relative large-cap stability with mid-cap growth potential. The fund carries a Very High risk rating and suits investors seeking diversified equity exposure across two key market segments.
Motilal Oswal Large and Midcap Fund NAV and AUM
The current NAV of the Motilal Oswal Large and Midcap Fund Direct Growth plan is Rs 38.07. NAV is updated each trading day and reflects the closing market prices of the fund’s underlying securities. Always verify the most recent NAV on the AMC website or a registered mutual fund platform before placing any transaction.
The fund manages a substantial AUM of Rs 16,776.60 crore, one of the larger pools in its category, reflecting strong and sustained investor confidence in its investment strategy. Investors should track AUM trends alongside performance metrics when evaluating this fund.
Motilal Oswal Large and Midcap Fund Returns: Performance Snapshot
| Period | Returns |
|---|---|
| 1 Month | 0.94% |
| 3 Months | 7.46% |
| 1 Year | 6.66% |
| 3 Years (Annualised) | 25.51% |
| 5 Years (Annualised) | 21.63% |
The Motilal Oswal Large and Midcap Fund has returned 6.66% over the past year and 7.46% over three months, reflecting softer conditions in its investment segment. Investors evaluating this fund should compare returns against the benchmark and category peers, and ensure they have a sufficient time horizon to absorb any further periods of subdued performance before committing capital.
Expense Ratio and Cost Efficiency
The Motilal Oswal Large and Midcap Fund Direct Growth plan carries an expense ratio of 0.91% per annum, in line with the average for actively managed funds in its category. This expense level reflects the cost of professional portfolio management. Investors should weigh this cost against the fund’s performance consistency and risk-adjusted returns when making their evaluation.
Who Should Invest in Motilal Oswal Large and Midcap Fund?
The Motilal Oswal Large and Midcap Fund carries a Very High risk rating and is appropriate for investors with a high risk appetite and a minimum 5 to 7-year horizon. The minimum SIP is Rs 500 and minimum lumpsum is Rs 500. Conservative investors and those with short-term goals should avoid this fund. Always consult a SEBI-registered investment advisor before allocating capital.
Key Risks to Consider
Concentration Risk: Thematic funds invest in a narrow market segment. A structural or cyclical downturn in the specific sector or theme provides limited diversification away from the adverse impact.
Timing Risk: Entry at peak valuations during a theme’s popularity can result in extended periods of underperformance. Thematic funds are highly sensitive to investor entry and exit timing.
Regulatory Risk: Sectors such as defence, pharma, and energy can be significantly impacted by government policy changes or regulatory shifts that are difficult to predict in advance.
Market Volatility: Equity-linked funds can experience sharp short-term NAV corrections during periods of broad market sell-offs, sector-specific adverse events, or macro-level uncertainty.
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Conclusion
The Motilal Oswal Large and Midcap Fund has delivered modest returns in a challenging environment, but its expense ratio of 0.91% and AUM of Rs 16,776.60 crore reflect a cost-efficient and investor-supported structure. Those already holding this fund should review the underlying investment thesis. New investors should ensure they have a sufficient horizon before committing capital. Consult a SEBI-registered investment advisor before any allocation change.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions
What is the current NAV of Motilal Oswal Large and Midcap Fund?
Ans. The current NAV of the Motilal Oswal Large and Midcap Fund Direct Growth plan is Rs 38.07. NAV is updated each trading day and reflects the closing market value of the fund’s underlying holdings. Always verify the most recent NAV on the AMC website or a SEBI-registered mutual fund platform before transacting.
What are the returns of Motilal Oswal Large and Midcap Fund?
Ans. The fund has delivered a 1-year return of 6.66% and a 3-month return of 7.46%. The 3-year annualised return is 25.51% and the 5-year annualised return is 21.63%. Past performance does not guarantee future results and should be evaluated alongside the fund’s risk profile and benchmark comparison.
What is the expense ratio of Motilal Oswal Large and Midcap Fund Direct Growth?
Ans. The expense ratio of the Motilal Oswal Large and Midcap Fund Direct Growth plan is 0.91% per annum. The direct plan eliminates distributor commissions and is more cost-efficient than the regular plan. Investors should always opt for the direct plan to maximise long-term net returns through the compounding advantage of lower costs.
Is this fund suitable for conservative investors?
Ans. No. This fund carries a Very High risk rating due to concentrated exposure to a specific market segment or investment theme. It is not suitable for conservative investors or those with short investment timelines. A minimum 5 to 7-year horizon and a high risk tolerance are required prerequisites. Consult a SEBI-registered investment advisor before investing.
What is the minimum SIP amount for this fund?
Ans. The minimum monthly SIP is Rs 500 and the minimum lumpsum investment is Rs 500. The low entry thresholds make the fund accessible across income levels. A regular SIP approach is recommended to average out entry costs over time, particularly given the high-volatility nature of this fund’s category.
What category and sub-category does this fund belong to?
Ans. This fund is an equity fund with a focused investment mandate aligned to its stated category. It falls under the Large & Mid Cap Fund sub-category and is available as a direct growth plan, which eliminates distributor commissions and typically offers superior net returns compared to the regular plan.
