Motilal Oswal Focused Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Motilal Oswal Focused Fund Direct Growth Plan had a NAV of ₹63.8375 as of 10 Sep 2026 and a scheme AUM of ₹1,827 Cr. Its 1-year, 3-year and 5-year returns are 27.62%, 14.11% and 10.76%, and it sits in the High Risk category. Our view is that the fund has shown strong shorter-term momentum while its longer-term compounding has been steadier, which may suit investors who can accept equity volatility and want a focused portfolio rather than a broadly diversified one.

The portfolio carries meaningful stock-specific weight and a notable cash-like allocation through Triparty Repo. In our view, that combination can support active positioning, but it also means outcomes may be shaped more by a smaller set of holdings than by a wide market basket.

Quick facts

Particular	Details
NAV	₹63.8375 as of 10 Sep 2026
AUM	₹1,827 Cr
Expense Ratio	1.02%
Launch Date	13 May 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 365D, Nil after 365D
Fund Managers	Ankit Agarwal, Varun Sharma, Rakesh Shetty, Swapnil P Mayekar

The fund is managed by Ankit Agarwal, Varun Sharma, Rakesh Shetty, and Swapnil P Mayekar.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	2.52%	-4.06%
3M	18.61%	1.37%
1Y	27.62%	-7.31%
3Y	14.11%	6.07%
5Y	10.76%	5.91%

The recent numbers point to a strong recovery pattern. Over the past month, the fund was positive while the benchmark was negative, and the gap widened further over three months and one year. That tells us the strategy has done much better in the latest market phase than the benchmark index.

The longer view is still constructive, but it is less dramatic than the one-year picture. The 3-year return remains comfortably above the benchmark, while the 5-year return is also ahead, though by a more modest margin. That suggests the fund has not relied only on a short burst of performance; it has also created a positive longer-run record.

The daily path of returns has not been straight. The pattern suggests periods of softness, recovery and renewed strength rather than a smooth upward climb, which is normal for a concentrated equity strategy. For investors, that means the fund has rewarded patience, but it has also shown enough fluctuation to demand a higher tolerance for short-term swings.

Relative to Nifty 50, the fund is ahead across every tracked period here. The recent lead is especially wide at 1 year, while the 3-year and 5-year edges are narrower. In our view, that combination matters because it shows both cyclical outperformance and a longer-term advantage rather than just a single strong patch.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Motilal Oswal Focused?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Motilal Oswal Focused Fund Direct Growth Plan	27.62%	14.11%	10.76%
Old Bridge Focused Fund Direct Growth Plan	18.27%	Data not available	Data not available
SBI Focused Fund Direct Growth Plan	12.99%	15.77%	12.23%
ITI Focused Fund Direct Growth Plan	12.49%	18.70%	Data not available
Quant Focused Fund Direct Growth Plan	11.83%	13.14%	13.75%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund stands out on the 1-year figure, where it is ahead of every peer shown here. Over 3 years, SBI Focused Fund Direct Growth Plan is higher, while ITI Focused Fund Direct Growth Plan also exceeds it on the available 3-year number. On 5 years, Quant Focused Fund Direct Growth Plan and SBI Focused Fund Direct Growth Plan both edge it out, so the longer-run picture is more mixed than the recent one.

That split matters for interpretation. The fund’s recent strength is clear, but the peer set shows that its 3-year and 5-year returns are not uniformly the highest among comparable focused funds. In our view, the comparison points to a fund that has been particularly strong lately, while other peers have matched or exceeded it over longer horizons.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	6.14%
Rubicon Research Limited	Domestic Equities	4.56%
AU Small Finance Bank Limited	Bank	4.45%
Apollo Hospitals Enterprise Limited	Healthcare	4.00%
ICICI Prudential Asset Management Company Limited	Domestic Equities	3.86%
Indusind Bank Limited	Bank	3.80%
One 97 Communications Limited	IT	3.78%
Titan Company Limited	Diamond & Jewellery	3.75%
Aditya Infotech Limited	Domestic Equities	3.73%
Coforge Limited	IT	3.62%

The largest disclosed holding is Triparty Repo at 6.14%, so the portfolio begins with a meaningful liquidity-style position rather than a single dominant equity bet. The tenth holding, Coforge Limited, stands at 3.62%, which shows that the top positions do not taper off sharply; the weights stay relatively close together across the first ten names.

The top 10 holdings together account for approximately 41.69% of the portfolio. With 31 holdings disclosed in total, that suggests a fairly extended tail beyond the names shown here, but the portfolio is still shaped by a meaningful core. Our view is that this structure may provide some balance between conviction and diversification, while still allowing a handful of positions to matter more than the rest.

Because the holdings are spread across banks, healthcare, IT, consumer and other businesses, the fund may have multiple ways to participate in market moves. At the same time, the stock selection is focused enough that individual positions could influence performance more than in a very broad diversified fund.

To see all holdings, visit the Motilal Oswal Focused Fund Direct Growth Plan page

Source data date: as of 10 Sep 2026

Who should invest

This fund is best suited to investors who are comfortable with High Risk equity exposure and can stay invested for at least several years. The 1-year return has been much stronger than the benchmark, but the 3-year and 5-year numbers show a more measured advantage, so the fund is better viewed as a disciplined equity allocation rather than a short-term momentum trade.

Our view is that it fits investors who can tolerate volatility in exchange for the possibility of stronger upside from a focused portfolio. The main trade-off is simple: the strategy may outperform in favourable periods, but its concentrated nature can also mean 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% if units are sold on or before 365 days; nil after 365 days.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Motilal Oswal Focused Fund Direct Growth Plan?
The current NAV is ₹63.8375 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 27.62% for 1 year, 14.11% for 3 years and 10.76% for 5 years.

How has the fund performed against Nifty 50?
It has outperformed Nifty 50 across 1 month, 3 months, 1 year, 3 years and 5 years. The margin is especially wide over 1 year.

How does it compare with other focused funds on the available figures?
Its 1-year return is ahead of the peer funds shown here, while the 3-year and 5-year numbers are mixed against peers with available longer-term data.

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

Who manages the fund and what is the exit load?
The fund is managed by Ankit Agarwal, Varun Sharma, Rakesh Shetty and Swapnil P Mayekar. The exit load is 1% if units are sold on or before 365 days, and nil after 365 days.

Bottom line

Motilal Oswal Focused Fund Direct Growth Plan has a stronger recent record than its longer-run picture, and it has also stayed ahead of the benchmark across the full set of periods shown here. Against peer focused funds, the one-year number is the clearest strength, while the 3-year and 5-year figures are more mixed. The portfolio is also fairly focused, with a meaningful core of holdings and a noticeable liquidity allocation, which may appeal to investors who want concentrated equity exposure but can handle High Risk swings over a long horizon.

Published on 11 September 2026 at 10:47 AM 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.