HomeEquity Fund › Motilal Oswal Flexi cap Fund

Motilal Oswal Flexi cap Fund

Flexi Cap Fund · Motilal Oswal Asset Management Company Limited

In plain words

Among the 183 similar flexi cap funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.8 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹24.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹62,900. Funds like this reward patience and punish panic-selling.

New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.
Motilal Oswal Flexi cap Fund is RS 97/99 in its category right now. See the RS line plotted against its benchmark, live, and the day it crossed.
See the RS line free →

Motilal Oswal Flexi cap Fund is a flexi cap fund from Motilal Oswal Asset Management Company Limited. It has a track record of about 12.4 years. As of the latest data it carries an RS rating of 97/99 (its recent momentum versus category peers) and a King Score of 69/100 (a long-term quality composite). The current NAV is ₹69.71 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 69/100 · Current momentum (RS): 97/99 · 5-year CAGR: 12.26% · Worst-ever fall: -37.1%
97RS rating
69King Score
16.72%3Y CAGR
12.26%5Y CAGR
-37.1%Max drawdown
0.59Sharpe 3Y
0.87%Expense
12936AUM ₹Cr

Growth of ₹100 - last 5 years

2021-092026-08
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

Motilal Oswal Flexi cap Fund returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-1.98%-3.66%
3 months8.88%1.55%
6 months15.89%8.23%
1 year-0.17%1.07%
3 years (CAGR)16.72%11.45%
5 years (CAGR)12.26%10.69%
10 years (CAGR)12.97%13.58%

The last 10 years return of Motilal Oswal Flexi cap Fund works out to 12.97% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹3.4 lakh today. The last 5 years return is 12.26% a year (₹1 lakh → ₹1.8 lakh), and the last 3 years return is 16.72% - ahead of its category's 11.45% average by 5.3 points. Its trailing one-year return is -0.17%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearMotilal Oswal Flexi caBenchmark
2018-7.0%-3.4%
2019+8.9%+7.7%
2020+11.4%+16.7%
2021+16.3%+30.2%
2022-2.1%+3.0%
2023+32.1%+25.8%
2024+47.0%+15.2%
2025-4.8%+6.7%
2026+4.0%-5.8%

Motilal Oswal Flexi cap Fund beat its benchmark in 4 of the last 9 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in Motilal Oswal Flexi cap Fund would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹431,18510.19%
5 years₹610,000₹894,56015.28%
10 years₹1,210,000₹2,480,63513.74%

Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,480,635 - an XIRR of 13.74%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-37.1%-27.06%
Worst drawdown (3Y)-21.48%-18.92%
Volatility (1Y)20.59%17.25%
Sharpe (3Y)0.590.32
Sortino (3Y)1.040.6
Beta (3Y)0.990.97
Alpha (3Y)8.84%3.38%
Up capture116.0%100.4%
Down capture96.3%91.55%
Bull-market return25.8%29.8%
Bear-market return-29.4%-29.2%

Timing matters more than people admit: the best possible 1-year stretch in Motilal Oswal Flexi cap Fund (starting 2020-03-23) gained 84.3%, while the worst (starting 2019-03-22) lost 31.1%. The worst peak-to-bottom fall Motilal Oswal Flexi cap Fund has ever put investors through is -37.1% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -29.4% annualised, versus 25.8% in rising markets. It has captured roughly 116.0% of its benchmark's up-moves and 96.3% of its down-moves.

How Motilal Oswal Flexi cap Fund behaves when markets fall

When the market is falling (the Nifty below its 200-day average), Motilal Oswal Flexi cap Fund has historically returned about -29.4% annualised, versus roughly 25.8% when the market is rising. Its deepest fall on record is -37.1%. Right now it sits about 3.84% below its all-time high (last hit 2024-12-16). The real question isn't the average year - it's whether you could hold on through the worst one.

How Motilal Oswal Flexi cap Fund ranks in its category

Percentile versus its ~183 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
98th
Drawdown resilience
36th
Consistency
33th
Risk-adjusted (Sharpe)
95th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR15.08%
3Y windows positive96.3%
Worst 3Y window-6.62%
3Y windows beating Nifty 50041.3%
Median 5Y rolling CAGR13.19%
Median 10Y rolling CAGR14.56%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Motilal Oswal Flexi cap Fund returned a median of 15.08% a year, and 96.3% of those windows were positive.

What Motilal Oswal Flexi cap Fund holds

Its latest monthly portfolio disclosure. This is what your money actually owns.

Top holdings

CG Power and Industrial Solutions Limited · Industrials
6.6%
Kalyan Jewellers India Limited · Gems, Jewellery & Precious Metals
6.2%
Eternal Limited · E-Commerce/E-Retail
5.3%
Coforge Limited · IT Consulting & Software
4.8%
Persistent Systems Ltd · IT Consulting & Software
4.6%
Waaree Energies Limited · Electric Equipment
4.1%
Shriram Finance Limited · Non-Banking Financial Company (NBFC)
4.1%
Ather Energy Limited · Auto Ancl
3.9%
Multi Commodity Exchange of India Limited · Exchange Platform
3.6%
IndusInd Bank Limited · Financials
3.6%

Sector allocation

Industrials
18.9%
IT Consulting & Software
9.5%
Financials
8.5%
Non-Banking Financial Company (NBFC)
7.4%
Gems, Jewellery & Precious Metals
6.2%
E-Commerce/E-Retail
5.3%
Electric Equipment
5.1%
Auto Ancl
3.9%

The top 10 holdings make up 47.0% of the portfolio, across 33 stocks. A higher concentration means the fund's fortunes ride on fewer names.

Portfolio overlap with similar funds

Motilal Oswal Flexi cap Fund shares Invesco India Flexi Cap Fund (19%), Bajaj Finserv Flexi Cap Fund (11%), ITI Flexi Cap Fund (10%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.

Who manages Motilal Oswal Flexi cap Fund - and how good are they?

Motilal Oswal Flexi cap Fund is managed by Varun Sharma, Swapnil Mayekar and Ajay Khandelwal. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Varun Sharma's full record

Varun Sharma currently runs 9 funds, across Dynamic Asset Allocation or Balanced Advantage, Flexi Cap Fund, Focused Fund, Mid Cap Fund and more, with about ₹56,042 Cr under management. The book's average King Score is 56.2/100. This fund is the highest-scored fund they run (King 69/100).

Tap any column heading to sort.

Swipe the table sideways to see all 13 columns →
#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Motilal Oswal Flexi cap Fund (this page)97698.9%15.9%-0.2%16.7%12.3%13.0%0.5915.1%-37.1%
2Motilal Oswal Focused Fund996610.9%28.0%24.1%13.2%10.0%13.0%0.3913.5%-34.5%
3Motilal Oswal Midcap Fund91669.1%18.2%-2.2%17.6%20.6%17.3%0.6122.0%-37.2%
4Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC)99245.6%11.1%-4.0%1.8%5.5%n/a-0.349.4%-26.5%
5Motilal Oswal Digital India Fund98n/a29.2%41.6%9.1%n/an/an/a0.08n/a-30.3%
6Motilal Oswal Active Momentum Fund96n/a6.6%27.4%26.1%n/an/an/a1.06n/a-15.8%
7Motilal Oswal Innovation Opportunities Fund94n/a9.1%29.8%13.6%n/an/an/a1.1n/a-19.1%
8Motilal Oswal Business Cycle Fund84n/a12.2%20.6%-1.6%n/an/an/a0.2n/a-24.2%
9Motilal Oswal Consumption Fundn/an/a14.5%29.8%n/an/an/an/an/an/a-19.7%

Swapnil Mayekar's full record

Swapnil Mayekar currently runs 42 funds, across Dynamic Asset Allocation or Balanced Advantage, Flexi Cap Fund, FoF Domestic, Focused Fund and more, with about ₹114,583 Cr under management. The book's average King Score is 57.2/100. Their strongest fund by King Score is Motilal Oswal Large and Midcap Fund (88/100); Motilal Oswal Flexi cap Fund ranks #5 of 42 in their book.

Tap any column heading to sort.

Swipe the table sideways to see all 13 columns →
#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Motilal Oswal Large and Midcap Fund96882.9%15.6%7.8%21.1%18.0%n/a0.7327.4%-37.4%
2Motilal Oswal Gold and Silver Passive Fund of Funds(Direct )8878-2.8%-4.6%46.6%37.9%n/an/a1.337.6%-22.4%
3Motilal Oswal Asset Allocation FOF- C60710.4%3.5%8.2%12.7%10.3%n/a0.8813.1%-12.1%
4Motilal Oswal BSE Enhanced Value Index Fund2370-6.3%-3.4%6.6%19.5%n/an/a0.5732.4%-21.8%
5Motilal Oswal Flexi cap Fund (this page)97698.9%15.9%-0.2%16.7%12.3%13.0%0.5915.1%-37.1%
6Motilal Oswal Focused Fund996610.9%28.0%24.1%13.2%10.0%13.0%0.3913.5%-34.5%
7Motilal Oswal Midcap Fund91669.1%18.2%-2.2%17.6%20.6%17.3%0.6122.0%-37.2%
8Motilal Oswal BSE Financials ex Bank 30 Index Fund48641.6%2.4%-0.3%12.6%n/an/a0.2921.1%-17.8%
9Motilal Oswal Multi Asset Passive Fund of Fund1864-2.2%2.1%5.0%13.6%11.4%n/a0.7515.4%-12.4%
10Motilal Oswal Nifty Midcap 150 Index Fund6962-0.8%8.1%4.2%14.1%15.0%n/a0.4325.3%-37.2%
11Motilal Oswal Nasdaq 100 Fund of Fund9860-1.1%45.0%57.5%37.3%23.5%n/a1.3418.8%-30.4%
12Motilal Oswal Nifty Next 50 Index Fund5758-1.6%7.6%3.7%15.7%10.7%n/a0.4718.7%-35.6%
13Motilal Oswal Nifty Microcap 250 Index Fund97555.7%26.6%7.7%16.0%n/an/a0.42n/a-29.4%
14Motilal Oswal BSE Quality Index Fund2754-3.8%2.6%-2.6%11.1%n/an/a0.2917.6%-24.4%
15Motilal Oswal Nifty 500 Index Fund3752-1.2%3.4%-2.0%9.2%9.1%n/a0.1917.6%-37.3%
16Motilal Oswal Nifty Smallcap 250 Index Fund93493.5%18.0%4.4%13.4%14.0%n/a0.3525.2%-42.4%
17Motilal Oswal Nifty Bank Index Fund4445-1.2%2.2%3.0%7.3%9.0%n/a0.0613.0%-46.9%
18Motilal Oswal Nifty 200 Momentum 30 Index Fund1942-4.4%1.1%-3.7%9.1%n/an/a0.1217.0%-31.6%
19Motilal Oswal BSE Low Volatility Index Fund433-3.6%-3.1%-8.5%6.1%n/an/a-0.0215.3%-18.2%
20Motilal Oswal Nifty 50 Index Fund1532-2.1%-1.6%-6.7%5.8%6.7%n/a-0.0414.9%-37.3%
21Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC)99245.6%11.1%-4.0%1.8%5.5%n/a-0.349.4%-26.5%
22Motilal Oswal Multi Cap Fund99n/a13.7%29.1%6.3%n/an/an/a0.62n/a-24.1%
23Motilal Oswal Digital India Fund98n/a29.2%41.6%9.1%n/an/an/a0.08n/a-30.3%
24Motilal Oswal Nifty MidSmall Healthcare Index Fund97n/a7.2%20.1%12.9%n/an/an/a0.28n/a-17.5%
25Motilal Oswal Nifty MidSmall Financial Services Index Fund96n/a-0.2%12.0%21.4%n/an/an/a0.66n/a-19.9%
26Motilal Oswal Innovation Opportunities Fund94n/a9.1%29.8%13.6%n/an/an/a1.1n/a-19.1%
27Motilal Oswal Nifty MidSmall IT and Telecom Index Fund93n/a4.2%20.2%-0.3%n/an/an/a-0.45n/a-32.3%
28Motilal Oswal Small Cap Fund92n/a9.4%31.5%21.7%n/an/an/a0.82n/a-23.7%
29Motilal Oswal Nifty India Defence Index Fund92n/a0.0%12.7%13.5%n/an/an/a-0.05n/a-38.2%
30Motilal Oswal Special Opportunities Fund92n/a7.8%23.4%19.0%n/an/an/an/an/a-14.8%
31Motilal Oswal Nifty Capital Market Index Fund91n/a-5.2%12.4%21.4%n/an/an/a0.3n/a-28.7%
32Motilal Oswal Services Fund90n/a9.2%20.6%13.0%n/an/an/a0.41n/a-16.8%
33Motilal Oswal Business Cycle Fund84n/a12.2%20.6%-1.6%n/an/an/a0.2n/a-24.2%
34Motilal Oswal Large Cap74n/a-0.1%3.2%-3.8%n/an/an/a0.46n/a-15.8%
35Motilal Oswal Nifty 500 Momentum 50 Index Fund48n/a-1.7%7.1%1.4%n/an/an/a-0.71n/a-31.6%
36Motilal Oswal BSE 1000 Index Fund42n/a-0.5%4.5%-1.8%n/an/an/an/an/a-14.9%
37Motilal Oswal Manufacturing Fund33n/a-1.0%7.4%-4.3%n/an/an/a-0.01n/a-26.2%
38Motilal Oswal Nifty MidSmall India Consumption Index Fund31n/a0.4%4.9%-9.7%n/an/an/a-0.59n/a-24.3%
39Motilal Oswal Infrastructure Fund30n/a-3.4%3.4%3.0%n/an/an/a0.32n/a-9.6%
40Motilal Oswal Consumption Fundn/an/a14.5%29.8%n/an/an/an/an/an/a-19.7%
41Motilal Oswal Diversified Equity Flexicap Passive Fund of Fundsn/an/a0.6%8.8%n/an/an/an/an/an/a-13.0%
42Motilal Oswal Financial Services Fundn/an/a3.8%10.6%n/an/an/an/an/an/a-11.4%

Ajay Khandelwal's full record

Ajay Khandelwal currently runs 13 funds, across ELSS, Flexi Cap Fund, Large & Mid Cap Fund, Large Cap Fund and more, with about ₹83,022 Cr under management. The book's average King Score is 76.2/100. Their strongest fund by King Score is Motilal Oswal Large and Midcap Fund (88/100); Motilal Oswal Flexi cap Fund ranks #3 of 13 in their book.

Tap any column heading to sort.

Swipe the table sideways to see all 13 columns →
#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Motilal Oswal Large and Midcap Fund96882.9%15.6%7.8%21.1%18.0%n/a0.7327.4%-37.4%
2Motilal Oswal ELSS Tax Saver Fund97822.9%16.4%8.9%20.7%16.6%17.3%0.7119.2%-37.7%
3Motilal Oswal Flexi cap Fund (this page)97698.9%15.9%-0.2%16.7%12.3%13.0%0.5915.1%-37.1%
4Motilal Oswal Midcap Fund91669.1%18.2%-2.2%17.6%20.6%17.3%0.6122.0%-37.2%
5Motilal Oswal Active Momentum Fund96n/a6.6%27.4%26.1%n/an/an/a1.06n/a-15.8%
6Motilal Oswal Small Cap Fund92n/a9.4%31.5%21.7%n/an/an/a0.82n/a-23.7%
7Motilal Oswal Special Opportunities Fund92n/a7.8%23.4%19.0%n/an/an/an/an/a-14.8%
8Motilal Oswal Services Fund90n/a9.2%20.6%13.0%n/an/an/a0.41n/a-16.8%
9Motilal Oswal Large Cap74n/a-0.1%3.2%-3.8%n/an/an/a0.46n/a-15.8%
10Motilal Oswal Manufacturing Fund33n/a-1.0%7.4%-4.3%n/an/an/a-0.01n/a-26.2%
11Motilal Oswal Infrastructure Fund30n/a-3.4%3.4%3.0%n/an/an/a0.32n/a-9.6%
12Motilal Oswal Quant Fund24n/a-1.4%2.8%-2.9%n/an/an/a-0.37n/a-26.7%
13Motilal Oswal Financial Services Fundn/an/a3.8%10.6%n/an/an/an/an/an/a-11.4%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.87%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹500
Fund size (AUM)₹12,936 Cr
Age12.4 years
Plan / OptionDirect · Growth
BenchmarkNIFTY500

How Motilal Oswal Flexi cap Fund compares to peers

FundRSKing3Y CAGR
Bajaj Finserv Flexi Cap Fund749416.3%
Invesco India Flexi Cap Fund729216.7%
ITI Flexi Cap Fund998817.6%
ICICI Prudential Flexicap Fund838814.8%
WhiteOak Capital Flexi Cap Fund718713.8%
BANK OF INDIA Flexi Cap Fund968718.2%
Compare side by side. Chart Motilal Oswal Flexi cap Fund against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
Compare these funds free →

Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

Motilal Oswal Flexi cap Fund review: the bottom line

On the data, its strengths are leading current momentum (RS 97). Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

Frequently asked questions

Is Motilal Oswal Flexi cap Fund a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Motilal Oswal Flexi cap Fund scores 69/100 on our King Score and RS 97/99 within its category, has compounded 16.72% a year over three years, and its worst drawdown was -37.1%. Compare those against your needs and the peer table above.

What is the NAV of Motilal Oswal Flexi cap Fund today?

The latest NAV is ₹69.71 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the last 10 years return of Motilal Oswal Flexi cap Fund?

Over the last 10 years Motilal Oswal Flexi cap Fund has returned about 12.97% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹3.4 lakh today, before tax. See the year-by-year table above for how uneven the ride was.

What is the expense ratio of Motilal Oswal Flexi cap Fund?

The Direct-plan expense ratio is 0.87% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of Motilal Oswal Flexi cap Fund?

Motilal Oswal Flexi cap Fund is managed by Varun Sharma; Swapnil Mayekar; Ajay Khandelwal; Ankit Agarwal; Rakesh Shetty; Atul Mehra.

Is Motilal Oswal Flexi cap Fund safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -37.1% - ₹1 lakh briefly becoming about ₹62,900. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is Motilal Oswal Flexi cap Fund good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹24.8 lakh (XIRR 13.74%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of Motilal Oswal Flexi cap Fund?

A ₹10,000/month SIP over 10 years would have grown to about ₹2,480,635 (an XIRR of 13.74%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does Motilal Oswal Flexi cap Fund rank among similar funds?

On 3-year returns it sits around the 98th percentile of its category, and its consistency ranks 33th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is Motilal Oswal Flexi cap Fund tax-efficient / what about capital gains?

As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

Free · No card · 20-second signup

See Motilal Oswal Flexi cap Fund live in the MF Terminal

Everything above is a static snapshot. The terminal is where you actually research it:

  • Interactive price chart with EMAs & RSI
  • The RS line plotted against its benchmark
  • Full holdings, sector mix & portfolio overlap
  • Point-in-time backtester & portfolio doctor
  • Compare it side-by-side with any peer
  • Screen 1,600+ funds on the same metrics
Open Motilal Oswal Flexi cap Fund in the terminal →
Create a free account with just your email - no card, no spam.

Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

See which funds are leading right nowRS RATING & RS LINE · free · 20-second signup
Open →