Motilal Oswal Digital India Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Motilal Oswal Digital India Fund Direct Growth Plan is at a NAV of ₹11.6363 as of 11 Sep 2026, with scheme AUM of ₹929 Cr. Its 1-year, 3-year and 5-year returns are 8.69%, 0% and 0%, and the scheme carries a High Risk profile. Our view is that this is a focused equity fund for investors who can accept sharp swings and are looking at a theme-led portfolio rather than a steady benchmark-style journey.
The fund has shown a better recent stretch than its benchmark, but the longer record is still short because it launched on 04 Nov 2024. That makes the current period more useful for observing how the fund behaves around its theme than for judging a mature multi-cycle track record.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.6363 as of 11 Sep 2026 |
| AUM | ₹929 Cr |
| Expense Ratio | 0.82% |
| Launch Date | 04 Nov 2024 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 90D, Nil after 90D |
| Fund Managers | Varun Sharma, Atul Mehra, Rakesh Shetty |
The fund is managed by Varun Sharma, Atul Mehra and Rakesh Shetty.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 13.51% | -3.66% |
| 3M | 29.5% | -1.91% |
| 1Y | 8.69% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is clearly stronger than the benchmark. Both 1-month and 3-month returns are positive for the fund while the benchmark stayed negative over the same windows, which points to a meaningful divergence in short-term behaviour.
Over 1 year, the fund is also ahead of the benchmark, but the gap is less dramatic than in the shorter windows. The fund’s 8.69% return contrasts with the benchmark’s -7.62%, so the fund has preserved a positive outcome while the benchmark has remained weak.
The daily pattern also suggests a fund that can move unevenly rather than in a smooth line. We see a rebound after weaker phases, which is consistent with a high-risk theme fund that can recover quickly when its selected names move in favour. That said, the short operating history means the fund still lacks a full 3-year or 5-year record, so our reading of stability remains limited.
For investors, the main point is that the fund’s near-term behaviour has been better than its benchmark, but the evidence base is still young. It may suit someone who is comfortable with concentrated theme exposure and is willing to judge the fund more on how it behaves through shorter market phases than on long-cycle history.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Motilal Oswal Digital India?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Motilal Oswal Digital India? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Motilal Oswal Digital India Fund Direct Growth Plan | 8.69% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.16% | 37.12% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 30.67% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 28.09% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 27.47% | Data not available | Data not available |
| SBI Automotive Opportunities Fund Direct Growth Plan | 27.05% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is well below the stronger peer numbers shown here, especially the themed funds with much higher recent gains. That said, its own 1-year result remains positive, which is more constructive than the benchmark and shows that the fund has not simply tracked the broader market weakness.
For 3-year and 5-year comparisons, there is no usable long-term figure for the current fund, so the peer comparison becomes uneven rather than decisive. Among peers with multi-year data, the available 3-year number for ICICI Pru Strategic Metal and Energy Equity FoF is much stronger, while the other peer entries do not provide 3-year or 5-year figures. The short-term and longer-term pictures therefore tell different stories: the fund has improved recently, but the available peer set suggests that some thematic funds have delivered much stronger longer-run momentum where data is available.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| One 97 Communications Limited | IT | 7.09% |
| Eternal Limited | Retailing | 6.95% |
| PB Fintech Limited | IT | 6.93% |
| Coforge Limited | IT | 6.83% |
| Hexaware Technologies Limited | Domestic Equities | 5.67% |
| Zensar Technologies Limited | IT | 4.85% |
| Esds Software Solution Ltd | IT | 4.73% |
| Firstsource Solutions Limited | IT | 4.72% |
| Info Edge India Ltd | IT | 4.23% |
| Eclerx Services Limited | IT | 3.68% |
The top 10 holdings account for approximately 55.68% of the portfolio.
To see all holdings, visit the Motilal Oswal Digital India Fund Direct Growth Plan page
The largest position, One 97 Communications Limited, is 7.09% of the portfolio, so it is large enough to matter but not so dominant that the fund appears to depend on a single stock. The weights then step down gradually through the rest of the top names, with the tenth holding still at 3.68%, which suggests the portfolio remains meaningfully invested across several positions rather than hinging only on the first one or two.
At the same time, the top 10 holdings together make up 55.68% of the portfolio, and the disclosed list contains 28 holdings in total. That combination points to moderate concentration at the top with a longer tail below it. In our view, this means the fund may be influenced more by a handful of larger ideas than by a very broad spread of small positions, while still leaving room for other holdings to contribute.
Source data date: as of 11 Sep 2026
Who should invest
This fund suits investors who can handle High Risk exposure and are comfortable with a theme-led equity portfolio. The recent return pattern is better than the benchmark, but the fund’s history is still short, so it is better viewed as a satellite allocation than as a core holding for someone seeking smoother behaviour.
A longer horizon is important because the strategy has not yet built a 3-year or 5-year track record. The main trade-off is that the portfolio may deliver stronger bursts when its selected names do well, but that same focus can also lead to sharper swings than a broader market fund.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% on or before 90D, Nil after 90D.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Motilal Oswal Digital India Fund Direct Growth Plan?
The current NAV is ₹11.6363 as of 11 Sep 2026.
How have the 1-year, 3-year and 5-year returns looked?
The 1-year return is 8.69%, while the 3-year and 5-year returns are Data not available. The fund has a short live history, so longer-horizon figures are not yet available.
How does the fund compare with its benchmark?
It has outpaced the benchmark over 1 month, 3 months and 1 year. The benchmark has been negative over those same periods, while the fund has stayed positive.
How does it compare with peers on available return data?
The 1-year return is below the stronger peer numbers shown here, although the fund is still positive. Among peers with longer available figures, some thematic funds have delivered much stronger 3-year results where data is available.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What risk and exit-load profile should investors note?
The fund is classified as High Risk and is managed by Varun Sharma, Atul Mehra and Rakesh Shetty. The exit load is 1% on or before 90D and nil after 90D.
Bottom line
Motilal Oswal Digital India Fund Direct Growth Plan has a better recent run than its benchmark, but the fund’s history is still short, so the long-term picture is not yet fully formed. Compared with peers on the available figures, its 1-year return is more modest, while the portfolio remains fairly focused, with the top 10 holdings accounting for 55.68% of assets. That makes it a fit for investors who can tolerate High Risk exposure and want a concentrated theme-oriented equity fund rather than a broad market-style holding.
Published on 15 September 2026 at 3:25 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.