Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Direct Growth Plan is an equity index fund with a current NAV of ₹10.1181 as of 16 September 2026 and scheme AUM of ₹114 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund carries a High Risk classification.

Our view is that this is best read as a newly launched midcap momentum strategy rather than a fund with a tested long record. The portfolio structure and recent price path can suit investors who understand that sharper swings are part of the design, but the absence of a longer return track record means the case rests more on the strategy than on history.

Quick facts

Particular	Details
NAV	₹10.1181 as of 16 Sep 2026
AUM	₹114 Cr
Expense Ratio	0.0%
Launch Date	23 Jul 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 15D, Nil after 15D
Fund Managers	Swapnil P Mayekar, Dishant Mehta, Rakesh Shetty

The fund is managed by Swapnil P Mayekar, Dishant Mehta and Rakesh Shetty.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.96%	-4.41%
3M	Data not available	Data not available
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The most recent 1-month move was negative, but the fund fell a little less than the benchmark over the same stretch. That matters because it suggests the strategy has not been fully immune to market weakness, yet it has held up slightly better than the comparison index in the shortest available window.

Longer-horizon return figures are not yet meaningful in the normal sense because the fund was launched on 23 July 2026. For that reason, the 1-year, 3-year and 5-year entries do not yet describe a mature track record. We would treat them as placeholders rather than evidence of long-run compounding.

Even so, the early pattern is useful. The recent path has been choppy, which is consistent with a midcap momentum approach that can move quickly in both directions. Our view is that the important question here is not whether the fund has already built a long record, but whether investors are comfortable with a strategy that may behave differently from a broad market benchmark such as Nifty 50.

For now, the clearest takeaway is that the fund has shown some short-term resilience relative to the benchmark, but there is no established multi-year performance story to lean on yet.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Motilal Oswal BSE Midcap 150 Momentum 30 Index?

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 BSE Midcap 150 Momentum 30 Index? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Direct Growth Plan	0%	0%	0%
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty50 Equal Weight Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty Energy Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The peer set is not very informative on returns yet because the available figures are largely missing for the comparison funds. On the visible numbers, the current fund’s short-term result is at least usable, while the peer table does not yet offer a reliable longer-run comparison across 1-year, 3-year and 5-year horizons. That makes the fund easier to judge on strategy and portfolio structure than on mature return history.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Laurus Labs Limited	Healthcare	6.41%
Multi Commodity Exchange of India Limited	Finance	5.75%
Bharat Heavy Electricals Limited	Capital Goods	5.36%
AU Small Finance Bank Limited	Bank	5.17%
The Federal Bank Limited	Bank	5.07%
Bharat Forge Limited	Automobile & Ancillaries	4.9%
National Aluminium Company Limited	Non – Ferrous Metals	4.71%
Hitachi Energy India Limited	Capital Goods	4.64%
CG Power and Industrial Solutions Limited	Capital Goods	4.3%
Vodafone Idea Limited	Telecom	4.2%

The top 10 holdings account for approximately 50.51% of the portfolio.

To see all holdings, visit the Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Direct Growth Plan page

The largest position, Laurus Labs Limited, carries a 6.41% weight, so it is meaningful but not overwhelmingly dominant on its own. The gap from the first holding to the tenth is modest, with the tenth position still at 4.2%, which tells us the portfolio is spread across a fairly tight cluster of mid-sized weights rather than being driven by one or two outsized bets.

That said, the top 10 together make up about half of the portfolio, so the displayed holdings are still concentrated enough that a limited set of names may have greater influence on returns. Because the fund discloses 30 holdings in total, the remaining positions likely form a longer tail beyond the visible top slice, which can soften single-stock dependence even when the largest names remain important.

In our view, this is consistent with an index strategy that aims to balance a rules-based selection process with enough breadth to avoid extreme concentration at the top. The mix of healthcare, finance, capital goods, banking, metals and telecom also suggests that the fund may move with multiple parts of the midcap market rather than one narrow theme.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk and can stay invested through sharp short-term swings. The structure and the early return pattern suggest that patience matters more than near-term precision, especially because the fund is still too new to build a long performance record.

It may appeal to someone who wants midcap momentum exposure inside an index format and is willing to accept that the ride can be uneven. The main trade-off is that the strategy offers a focused, rules-based way to access a more volatile part of the market, but it does not yet provide a proven multi-year return history to lean on.

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% if units are sold on or before 15 days; nil after 15 days.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Direct Growth Plan?
The current NAV is ₹10.1181 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund performed versus the benchmark recently?
Over 1 month, the fund returned -3.96% versus -4.41% for the benchmark. That means it was slightly less weak than the benchmark in the latest available window.

How does the fund compare with the listed peer funds on return data?
The current fund has a visible short-term return figure, while the peer list has little usable return history available on the same horizons. That makes a direct longer-term comparison limited at this stage.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what exit load applies?
The fund is managed by Swapnil P Mayekar, Dishant Mehta and Rakesh Shetty. The exit load is 1% if units are sold on or before 15 days, and nil after 15 days.

Bottom line

This is a new High Risk midcap momentum index fund, so the current read is more about strategy fit than long-track evidence. The most recent performance has been weak in absolute terms but slightly better than the benchmark, while the longer-horizon return fields are not yet a mature guide. The portfolio is spread across 30 holdings, with the top 10 accounting for about half the fund, which leaves some concentration but not an extreme one. It may suit investors who can accept volatility and want a rules-based midcap allocation.

Published on 17 September 2026 at 5:02 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.