Motilal Oswal Large and Mid Cap Fund
Direct · GrowthAI Summary
Motilal Oswal Large and Mid Cap Fund has delivered strong SIP XIRR of 26.22% over 3Y, 25.33% over 5Y, and 22.45% over 7Y, well ahead of category averages of 18.23%, 18.07%, and 17.09% respectively. Against the NIFTY 50, the fund shows substantial alpha of 16.15% over 3Y and 13.44% over 5Y, with lump-sum CAGRs of 20.83% and 18.05% versus benchmark returns of 4.78% and 4.58%. Calendar year returns are uneven, however, ranging from 47.18% in 2024 to -3.58% in 2025.
The fund exhibits favorable risk-adjusted behavior with a maximum drawdown of just -0.37% over the measured period, recovering in 246 days, and a downside capture of 85.75-90.66% across 1Y-3Y windows, meaning it loses less than the benchmark in falling markets. Calmar ratios of 0.71-0.74 across 1Y-3Y indicate solid return per unit of drawdown. With 4 drawdown events exceeding 10% historically, investors should still expect meaningful interim volatility typical of a large and mid cap mandate.
The portfolio is highly concentrated with only 27 total holdings, and the top 10 positions account for roughly 47.7% of NAV, led by Eternal (5.53%), Muthoot Finance (5.49%), and MCX (5.23%). Sector exposure is skewed toward Electrical Equipment (18.3%), Finance (14.1%), and Aerospace & Defense (9.8%), reflecting a conviction-driven, high active-share approach. This concentration can amplify both outperformance and downside in adverse market conditions.
The fund outperforms its category by a wide margin on SIP XIRR at every horizon, beating the 1Y category average of 11.11% with 19.6% and the 7Y average of 17.09% with 22.45%. Consistency across 3Y, 5Y, and 7Y rolling windows (26.62%, 25.61%, 21.3% mean rolling returns) suggests the edge is persistent rather than a single-period anomaly. Its high upside capture (110.96% over 3Y) paired with low downside capture (90.66%) indicates strong relative performance in both market phases.
This fund suits aggressive investors with a horizon of 5-7 years or more who can tolerate concentrated portfolio swings in pursuit of category-leading returns. It is appropriate as a satellite or core large-and-mid-cap allocation for those comfortable with the AMC's high-conviction style. Investors seeking broad diversification or low volatility should look elsewhere, as the 27-stock portfolio and sector tilts carry higher single-stock and sector risk.
- SIP XIRR of 26.22% (3Y) and 25.33% (5Y) significantly outpaces category averages of 18.23% and 18.07%
- Consistently high alpha versus NIFTY 50 (16.15% over 3Y, 13.44% over 5Y) with downside capture below 91%
- Low expense ratio of 0.76% for a direct large and mid cap plan
- High concentration with only 27 holdings and top 10 stocks at roughly 47.7% of NAV increases single-stock risk
- Calendar year returns are volatile, swinging from 47.18% in 2024 to -3.58% in 2025, which may test investor patience
Generated on 17-10-2026, 2:13 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.25 L | 29.2% | -28.6% | 96.7% |
| 3 Years | ₹36.00 L | ₹50.31 L | 25.7% | 7.5% | 47.3% |
| 5 Years | ₹60.00 L | ₹1.09 Cr | 25.6% | 15.5% | 38.1% |
| 7 Years | ₹84.00 L | ₹1.85 Cr | 22.7% | 21.5% | 23.7% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 29.2% | 14.3% | 11.1% | +14.9% |
| 3 Years | 25.7% | 11.0% | 18.2% | +14.6% |
| 5 Years | 25.6% | 10.4% | 18.1% | +15.3% |
| 7 Years | 22.7% | 10.6% | 17.1% | +12.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 27.5% | 19.6% | -7.3% | 91.1% | 0.90 | 7.84 | 93% | — | — |
| 3 Years | 26.6% | 27.1% | 16.2% | 36.7% | 4.99 | — | 100% | — | — |
| 5 Years | 25.6% | 25.3% | 17.5% | 35.0% | 4.03 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.41 | 1.02 | 102.0% | 86.5% | 2.6% | -9.5% |
| 3 Years | +14.70 | 1.05 | 109.4% | 90.9% | 20.1% | 5.5% |
| 5 Years | +12.71 | 0.98 | 102.2% | 86.7% | 17.4% | 4.6% |
| 7 Years | +11.20 | 0.92 | 96.0% | 83.9% | 21.3% | 10.4% |
| 10 Years | +7.35 | 0.92 | 96.0% | 83.9% | 14.4% | 7.2% |
| 12 Years | +5.94 | 0.92 | 96.0% | 83.9% | 11.9% | 5.9% |
| 15 Years | +4.57 | 0.92 | 96.0% | 83.9% | 9.4% | 4.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Eternal Limited | 5.53% |
| 2 | Muthoot Finance Limited | 5.49% |
| 3 | Multi Commodity Exchange of India Limited | 5.23% |
| 4 | CG Power and Industrial Solutions Limited | 5.00% |
| 5 | Waaree Energies Limited | 4.76% |
| 6 | Shriram Finance Limited | 4.60% |
| 7 | Bharat Electronics Limited | 4.32% |
| 8 | PTC Industries Limited | 4.32% |
| 9 | Apar Industries Limited | 4.24% |
| 10 | Billionbrains Garage Ventures Ltd | 4.18% |