Motilal Oswal Services Fund
Direct · GrowthAI Summary
Motilal Oswal Services Fund delivered a 1Y SIP XIRR of 18.54%, well above the category average of 10.7%, and a 1Y rolling return of 13.2%. Against the NIFTY 50, the fund generated strong alpha across all periods, including 16.52% over 1Y and 8.02% over 3Y, while the benchmark posted negative CAGRs over longer windows. However, lump-sum CAGR over extended periods is modest, with the 5Y Fund CAGR at just 3.56%.
The fund shows a favorable downside profile with a Downside Capture of 72.35% versus an Upside Capture of 97.32% across longer windows, meaning it loses significantly less than the benchmark in falling markets. Beta of 0.94 indicates volatility close to the NIFTY 50, and only one drawdown event exceeding 10% was recorded, with the maximum drawdown recovering in 91 days. The 1Y Calmar Ratio of 0.79 reflects reasonable risk-adjusted performance relative to the drawdown experienced.
The portfolio holds 33 stocks, with the top 10 accounting for roughly 50% of NAV, led by Aster DM Healthcare at 7.85% and Multi Commodity Exchange at 6.5%. Sector exposure is concentrated in Finance (20.2%), Healthcare Services (13.6%), and IT-Software (12.8%), with Capital Markets adding another 9.7%. This gives the fund meaningful tilt toward financial services and healthcare within the services theme, with moderate single-stock concentration.
The fund's 1Y SIP XIRR of 18.54% comfortably beats the category average of 10.7%, demonstrating strong recent relative performance. Consistent positive alpha versus the NIFTY 50 across 1Y through 15Y windows, ranging from 16.52% to 1.28%, suggests persistent benchmark outperformance. Calendar year returns of 8.66% in 2026 and 8.79% in 2025 indicate steady, if unspectacular, annual gains.
This fund suits investors seeking thematic exposure to India's services sector, including financials, healthcare, and IT, and should be treated as a satellite holding rather than a core portfolio fund. A horizon of at least 5 years is advisable given sector concentration risk and the modest long-term lump-sum CAGR of 3.56% over 5Y. Investors should have moderate-to-high risk tolerance, as thematic funds can underperform diversified peers during sector-specific downturns.
- Strong 1Y SIP XIRR of 18.54%, nearly 8 percentage points above the category average of 10.7%
- Consistently positive alpha versus NIFTY 50 across all measured periods, from 16.52% (1Y) to 1.28% (15Y)
- Favorable asymmetry with Downside Capture of 72.35% versus Upside Capture of 97.32%, cushioning losses in weak markets
- Modest long-term lump-sum returns, with the 5Y Fund CAGR at only 3.56% despite benchmark underperformance
- Sector concentration risk, with Finance alone at 20.2% and the top five sectors exceeding 61% of the portfolio
Generated on 20-10-2026, 3:10 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 | ₹13.06 L | 16.9% | -0.3% | 29.5% |
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 | 16.9% | 14.3% | 10.7% | +2.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 13.5% | 13.9% | 7.3% | 19.1% | 2.55 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +17.22 | 0.93 | 94.3% | 72.5% | 7.1% | -11.4% |
| 3 Years | +7.76 | 0.94 | 96.6% | 72.5% | 5.6% | -2.7% |
| 5 Years | +4.47 | 0.94 | 96.6% | 72.5% | 3.3% | -1.6% |
| 7 Years | +3.08 | 0.94 | 96.6% | 72.5% | 2.4% | -1.2% |
| 10 Years | +2.03 | 0.94 | 96.6% | 72.5% | 1.6% | -0.8% |
| 12 Years | +1.63 | 0.94 | 96.6% | 72.5% | 1.4% | -0.7% |
| 15 Years | +1.22 | 0.94 | 96.6% | 72.5% | 1.1% | -0.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Aster DM Healthcare Limited | 7.85% |
| 2 | Multi Commodity Exchange of India Limited | 6.50% |
| 3 | Aditya Birla Capital Limited | 6.13% |
| 4 | Shriram Finance Limited | 5.73% |
| 5 | Aditya Infotech Limited | 5.09% |
| 6 | One 97 Communications Limited | 4.82% |
| 7 | Apollo Hospitals Enterprise Limited | 4.30% |
| 8 | Birlasoft Limited | 3.84% |
| 9 | ICICI Prudential Asset Management Company Limited | 3.18% |
| 10 | Canara HSBC Life Insurance company Ltd | 3.11% |