Motilal Oswal Large Cap
Direct · GrowthAI Summary
Motilal Oswal Large Cap has delivered consistent alpha over the NIFTY 50 across all measured periods, with a 3Y fund CAGR of 12.43% versus the benchmark's 3.57% and a 5Y CAGR of 7.28% versus 2.13%. However, its 1Y SIP XIRR of 8.51% trails the category average of 14.08%, indicating recent underperformance relative to peers. Lump-sum rolling returns of 11.62% over 1Y and strong calendar-year results in 2024 (34.2%) and 2025 (9.34%) show the fund has historically compounded well despite a weak 2026 so far (-3.41%).
The fund exhibits a beta of roughly 0.97-1.00 against the NIFTY 50, meaning it moves nearly in line with the market, while a downside capture of 89.56% shows it has historically fallen less than the benchmark in declining markets. The maximum drawdown of just -0.16% over 87 days with two drawdown events exceeding 10% suggests contained recent volatility, though the Calmar ratio of 0.73 over 1Y indicates moderate risk-adjusted efficiency. Positive alpha across all periods, including 8.78% over 3Y, confirms value addition beyond market exposure.
The portfolio is anchored in financials, with HDFC Bank (9.44%), ICICI Bank (7.06%), SBI (3.41%), and Axis Bank (2.63%) contributing to a 24.7% Banks allocation plus 8.0% in Finance, making financials the dominant sector exposure at over 32%. Reliance Industries (7.5%), Bharti Airtel (4.61%), and Infosys (3.61%) round out the top holdings, with 47 total stocks providing reasonable diversification. The concentration in banking stocks is the main portfolio risk, though the remaining exposure spans IT, petroleum, telecom, and automobiles.
Against category peers, the fund's 1Y SIP XIRR of 8.51% lags the category average of 14.08% by a meaningful margin, which is a near-term concern for SIP investors. Its long-term lump-sum record is stronger, with alpha over the NIFTY 50 extending out to 15 years, suggesting durable stock selection despite recent softness. The consistent upside capture above 100% and downside capture below 90% across periods indicate a favorable asymmetric return profile relative to the benchmark.
This fund suits investors seeking large-cap core exposure with a long-term horizon of at least 5-7 years, allowing the fund's alpha generation to compound over full market cycles. It is appropriate for moderate-risk investors who can tolerate near-term underperformance versus category peers, as seen in the current 1Y XIRR gap. Investors heavily averse to financial-sector concentration may prefer a more diversified multi-cap alternative.
- Consistent positive alpha over NIFTY 50 across all periods, including 8.78% over 3Y and 5.04% over 5Y
- Favorable capture ratios with 102.88% upside capture and only 89.56% downside capture over 3Y and beyond
- Well-diversified 47-stock portfolio with disciplined risk metrics, including a minimal current max drawdown of -0.16%
- 1Y SIP XIRR of 8.51% significantly trails the category average of 14.08%, signaling recent underperformance versus peers
- Heavy financial-sector concentration of over 32% (Banks 24.7% plus Finance 8.0%) exposes investors to banking-cycle risk
Generated on 09-09-2026, 3:37 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 | ₹12.66 L | 8.5% | -22.6% | 37.1% |
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 | 8.5% | 14.4% | 14.1% | -5.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 11.6% | 10.7% | -5.8% | 31.1% | 0.54 | 1.37 | 84% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.93 | 1.00 | 100.4% | 96.5% | 0.0% | -2.9% |
| 3 Years | +8.78 | 0.97 | 102.9% | 89.6% | 12.4% | 3.6% |
| 5 Years | +5.04 | 0.97 | 102.9% | 89.6% | 7.3% | 2.1% |
| 7 Years | +3.51 | 0.97 | 102.9% | 89.6% | 5.2% | 1.5% |
| 10 Years | +2.38 | 0.97 | 102.9% | 89.6% | 3.6% | 1.1% |
| 12 Years | +1.94 | 0.97 | 102.9% | 89.6% | 3.0% | 0.9% |
| 15 Years | +1.52 | 0.97 | 102.9% | 89.6% | 2.4% | 0.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd | 9.44% |
| 2 | Reliance Industries Ltd | 7.50% |
| 3 | ICICI Bank Ltd | 7.06% |
| 4 | Bharti Airtel Ltd | 4.61% |
| 5 | Infosys Ltd | 3.61% |
| 6 | Larsen & Toubro Ltd | 3.42% |
| 7 | State Bank of India | 3.41% |
| 8 | Axis Bank Ltd | 2.63% |
| 9 | Tata Consultancy Services Ltd | 2.30% |
| 10 | Mahindra & Mahindra Ltd | 2.21% |