{"id":250652,"date":"2026-09-16T18:39:05","date_gmt":"2026-09-16T13:09:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/"},"modified":"2026-09-16T18:39:05","modified_gmt":"2026-09-16T13:09:05","slug":"motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/","title":{"rendered":"Motilal Oswal Multi Asset Passive FoF Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-multi-asset-passive-fof-g-direct-plan\">Motilal Oswal Multi Asset Passive FoF Direct Growth Plan<\/a> is at \u20b919.4803 as of 15 September 2026, with scheme AUM of \u20b9160 Cr. Its 1-year, 3-year and 5-year returns are 4.63%, 13.54% and 11.39% respectively, and the fund sits in the High Risk bucket.<\/p>\n<p>Our view is that this is a diversified passive fund-of-funds with a mixed but workable return pattern: recent performance has been softer, while the 3-year and 5-year numbers remain ahead of its benchmark. The portfolio is built around domestic equity ETFs, government securities ETFs and precious-metal ETFs, so it may suit investors who can accept volatility in exchange for a multi-asset style allocation.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Motilal_Oswal_Multi_Asset_Passive_FoF\" title=\"Should you BUY or HOLD Motilal Oswal Multi Asset Passive FoF?\">Should you BUY or HOLD Motilal Oswal Multi Asset Passive FoF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#What_is_the_current_NAV_of_Motilal_Oswal_Multi_Asset_Passive_FoF_Direct_Growth_Plan\" title=\"What is the current NAV of Motilal Oswal Multi Asset Passive FoF Direct Growth Plan?\">What is the current NAV of Motilal Oswal Multi Asset Passive FoF Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#How_does_it_compare_with_the_peer_funds_shown_here\" title=\"How does it compare with the peer funds shown here?\">How does it compare with the peer funds shown here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/motilal-oswal-multi-asset-passive-fof-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b919.4803 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9160 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.04%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>12 Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9500<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Fund of Fund<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 15D, Nil after 15D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Swapnil P Mayekar, Rakesh Shetty<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Swapnil P Mayekar and Rakesh Shetty.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-3.7%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-2.54%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>4.63%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>13.54%<\/td>\n<td>5.59%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>11.39%<\/td>\n<td>5.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent picture is softer than the longer-term one. Over 1 month and 3 months, the fund stayed negative, but it still lost less than the benchmark in both windows. That tells us the portfolio has not escaped short-term pressure, yet it has held up better than the index when the market has been weak.<\/p>\n<p>The 1-year number stands out more clearly because the fund is positive while the benchmark is negative. That gap suggests the multi-asset structure has helped it navigate a difficult year for the benchmark, even if the recent trend is still choppy. For an investor, this matters more than a single month\u2019s movement because the fund is not behaving like a straight equity index tracker.<\/p>\n<p>The 3-year and 5-year returns are the more important lens here. At 13.54% over 3 years and 11.39% over 5 years, the fund has compounded faster than the benchmark over both periods, which points to a stronger long-term outcome than the index. The pattern is not perfectly smooth, though, and the time path shows meaningful drawdowns and recoveries rather than a steady climb.<\/p>\n<p>Our reading is that the fund has mixed near-term momentum but still offers a better long-term compounding story than the benchmark. That combination can work for investors who can tolerate uneven phases and are looking beyond quarter-to-quarter noise.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Motilal_Oswal_Multi_Asset_Passive_FoF\"><\/span>Should you BUY or HOLD Motilal Oswal Multi Asset Passive FoF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Motilal Oswal Multi Asset Passive FoF? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-multi-asset-passive-fof-g-direct-plan\">Motilal Oswal Multi Asset Passive FoF Direct Growth Plan<\/a><\/td>\n<td>4.63%<\/td>\n<td>13.54%<\/td>\n<td>11.39%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sbi-silver-etf-fof-g-direct-plan\">SBI Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>75.06%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-silver-etf-fof-g-direct-plan\">Kotak Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>74.67%<\/td>\n<td>44.26%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-silver-fof-g-direct-plan\">Axis Silver FoF Direct Growth Plan<\/a><\/td>\n<td>73.7%<\/td>\n<td>44.39%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/zerodha-silver-etf-fof-g-direct-plan\">Zerodha Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>73.46%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/nippon-india-silver-etf-fof-g-direct-plan\">Nippon India Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>72.65%<\/td>\n<td>43.94%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund\u2019s 1-year return is far below the silver-focused peers listed here, but that gap is not surprising because the portfolios are different in construction and intent. On the longer horizon, the fund\u2019s 3-year and 5-year figures look steadier than the available peer numbers for funds that report those periods, which supports the idea that this fund is more about balanced compounding than a one-year momentum chase.<\/p>\n<p>What matters most is that the short-term and long-term comparisons tell different stories. Near-term peer numbers are much higher for the silver FOFs, while this fund shows a more measured profile over 3 and 5 years. That makes the comparison useful as a reminder that the best recent return does not always describe the most durable path.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Motilal Oswal Nifty 5 Year Benchmark G-Sec Etf-Gr<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>17.25%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Nifty 50 ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>16.16%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal BSE Low Volatility ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>16.01%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Nifty Next 50 ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>11.32%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Gold ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>9.08%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal BSE Quality ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>8.79%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Silver ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>6.36%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Prudential Nifty 10 YR Benchmark G-Sec ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>5.01%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Nifty Midcap 100 ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.88%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Nifty Smallcap 250 ETF<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 97.73% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-multi-asset-passive-fof-g-direct-plan\">Motilal Oswal Multi Asset Passive FoF Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is 17.25%, so no single position dominates the portfolio by itself. The drop from the first holding to the tenth is noticeable, but the spread is still fairly tight through the top few names, which suggests the fund is built around a handful of sizeable positions rather than one outsized bet.<\/p>\n<p>Because the displayed holdings add up to 97.73% and the fund discloses 12 holdings in total, the visible book looks highly complete and fairly compact. That means the listed positions are likely to have greater influence on outcomes than they would in a wider, more fragmented portfolio. Gold, silver, government securities and equity ETFs all appear meaningfully, so the allocation may dampen single-market dependence even though the fund still looks concentrated in a small set of instruments.<\/p>\n<p>Overall, the structure may offer diversification across asset themes, but it is still a portfolio where the main names matter a lot. Investors who want a clear, rules-based mix may find that useful, while those expecting broad security-level diversification may find the fund more concentrated than it first appears.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund may suit investors who can accept High Risk and want exposure to a multi-asset passive structure rather than a pure equity line-up. The 1-year return has been modest, but the 3-year and 5-year numbers are stronger and sit ahead of the benchmark, so the right horizon is likely to be medium to long term.<\/p>\n<p>The main trade-off is that the fund can still be choppy in the short run, even when the longer record is healthier. Its mix of equity ETFs, government securities ETFs, gold and silver may help diversify outcomes, but it also means the path can look uneven from month to month. Investors who want steadier short-term behaviour may need to be comfortable with that variability.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 1% if units are sold on or before 15 days; nil after 15 days.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Motilal_Oswal_Multi_Asset_Passive_FoF_Direct_Growth_Plan\"><\/span>What is the current NAV of Motilal Oswal Multi Asset Passive FoF Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b919.4803 as of 15 September 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year return is 4.63%, the 3-year return is 13.54% and the 5-year return is 11.39%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark return is -8.27% for 1 year, 5.59% for 3 years and 5.58% for 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_the_peer_funds_shown_here\"><\/span>How does it compare with the peer funds shown here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The peer funds shown here have much higher 1-year returns because they are silver-focused FOFs, while this fund\u2019s longer-term 3-year and 5-year record is more measured. The comparison suggests different portfolio goals rather than a simple same-category race.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s minimum SIP amount is \u20b9500.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Swapnil P Mayekar and Rakesh Shetty. The exit load is 1% if units are sold on or before 15 days, and nil after 15 days.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Motilal Oswal Multi Asset Passive FoF Direct Growth Plan has a softer short-term patch but a better longer-term record, with 3-year and 5-year returns both ahead of its benchmark. Against the peer funds shown here, its 1-year return looks much lower, yet the comparison is not directly like-for-like because those peers are silver-focused. The portfolio is meaningfully concentrated in a small set of ETFs, including equity, debt and precious-metal exposure, so investors need to be comfortable with an uneven journey rather than a smooth one.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 6:36 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Motilal Oswal Multi Asset Passive FoF Direct Growth Plan\",\"identifier\":\"motilal-oswal-multi-asset-passive-fof-g-direct-plan\",\"category\":\"Fund of Fund\",\"dateCreated\":\"12 Mar 2021\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":19.4803,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"160 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.04\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":4.63},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":13.54},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":11.39},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Swapnil P Mayekar, Rakesh Shetty\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Motilal Oswal Multi Asset Passive FoF Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b919.4803 as of 15 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 4.63%, the 3-year return is 13.54% and the 5-year return is 11.39%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark return is -8.27% for 1 year, 5.59% for 3 years and 5.58% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds shown here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The peer funds shown here have much higher 1-year returns because they are silver-focused FOFs, while this fund\u2019s longer-term 3-year and 5-year record is more measured. The comparison suggests different portfolio goals rather than a simple same-category race.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s minimum SIP amount is \u20b9500.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Swapnil P Mayekar and Rakesh Shetty. The exit load is 1% if units are sold on or before 15 days, and nil after 15 days.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motilal Oswal Multi Asset Passive FoF Direct Growth Plan has a \u20b919.4803 NAV, 4.63% 1Y return and 13.54% 3Y return as of 15 September 2026.<\/p>\n","protected":false},"author":38,"featured_media":250650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-250652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["250650"],"rank_math_title":["Motilal Oswal Multi Asset Passive FoF Review 2026"],"rank_math_description":["Motilal Oswal Multi Asset Passive FoF Direct Growth Plan NAV \u20b919.4803; 1Y return 4.63% and 3Y return 13.54% as of 15 Sep 2026."],"rank_math_focus_keyword":["Motilal Oswal Multi Asset Passive FoF Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Motilal_Oswal_Multi_Asset_Passive_FoF_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/250652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=250652"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/250652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/250650"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=250652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=250652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=250652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}