Motilal Oswal Special Opportunities Fund
Direct · GrowthAI Summary
Motilal Oswal Special Opportunities Fund delivered a 1Y SIP XIRR of 30.28%, nearly triple the category average of 10.7%, making it a standout performer among sectoral/thematic peers. Against the NIFTY 50, the fund generated strong alpha of 24.85% over 1Y and 9.34% over 3Y, with the benchmark posting negative CAGRs across all periods. Calendar year returns of 18.39% in 2026 and 4.74% in 2025 show recent momentum, though longer-term lump-sum CAGRs of 4.37% (5Y) and 2.16% (10Y) indicate the fund has historically underperformed its current trajectory.
The fund exhibits a Calmar Ratio of 1.41 over 1Y, indicating solid risk-adjusted returns relative to its maximum drawdown of just -0.15%, which recovered in 36 days. With a beta of 0.93, the fund moves slightly less than the market, while its downside capture of 68.96% (1Y) versus upside capture of 100.2% demonstrates a favorable asymmetry — it falls meaningfully less in downturns while keeping pace in rallies. Only one drawdown event exceeding 10% was recorded, suggesting contained volatility historically.
The portfolio is concentrated with only 25 total holdings, and the top 10 account for roughly 49.9% of NAV, led by Muthoot Finance (6.26%) and Shriram Finance (5.65%). Finance is the largest sector exposure at 16.9%, followed by Auto Components (15.3%) and Capital Markets (12.5%), creating meaningful sector concentration. Holdings like Ather Energy, Waaree Energies, and Billionbrains Garage Ventures add thematic, newer-age exposure that carries both growth potential and higher volatility.
The fund's 1Y SIP XIRR of 30.28% dramatically outpaces the category average of 10.7%, positioning it in the top tier of sectoral/thematic funds currently. However, no 3Y, 5Y, or longer XIRR data is available for the fund itself, limiting the ability to assess consistency against category averages of 16-17% over those horizons. The strong alpha across all benchmark periods (from 24.85% at 1Y to 1.47% at 15Y) suggests genuine stock selection skill, though alpha has compressed over longer windows.
This fund suits investors with high risk tolerance seeking thematic, concentrated exposure as a satellite holding rather than a core portfolio fund. A horizon of at least 5-7 years is advisable given the sectoral category's inherent cyclicality and the fund's concentrated 25-stock portfolio. Investors should be comfortable with sector concentration risk in Finance and Auto Components, which together comprise over 32% of the portfolio.
- Exceptional 1Y SIP XIRR of 30.28% versus category average of 10.7%, nearly 3x peer performance
- Strong downside protection with downside capture of 68.96% against upside capture of 100.2%, plus a minimal max drawdown of -0.15% with quick 36-day recovery
- Consistent positive alpha across all time horizons versus NIFTY 50, indicating sustained stock selection skill
- High expense ratio of 2.43% and concentrated portfolio of only 25 stocks with top 10 holdings at ~49.9% of NAV amplify single-stock and sector risk
- Long-term lump-sum CAGRs are modest (2.16% over 10Y, 4.37% over 5Y), and the fund lacks longer-horizon XIRR data to confirm consistency against category averages of 16-17%
Generated on 20-10-2026, 3:09 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 | ₹13.62 L | 29.2% | 17.9% | 40.3% |
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% | 10.7% | +14.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.4% | 21.5% | 16.7% | 24.2% | 7.92 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +24.85 | 0.93 | 100.2% | 69.0% | 16.7% | -9.2% |
| 3 Years | +9.34 | 0.93 | 99.5% | 65.8% | 7.4% | -2.6% |
| 5 Years | +5.36 | 0.93 | 99.5% | 65.8% | 4.4% | -1.6% |
| 7 Years | +3.68 | 0.93 | 99.5% | 65.8% | 3.1% | -1.1% |
| 10 Years | +2.43 | 0.93 | 99.5% | 65.8% | 2.2% | -0.8% |
| 12 Years | +1.95 | 0.93 | 99.5% | 65.8% | 1.8% | -0.7% |
| 15 Years | +1.47 | 0.93 | 99.5% | 65.8% | 1.4% | -0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Muthoot Finance Limited | 6.26% |
| 2 | Shriram Finance Limited | 5.65% |
| 3 | Ather Energy Limited | 5.27% |
| 4 | Waaree Energies Limited | 5.22% |
| 5 | Aditya Birla Capital Limited | 5.00% |
| 6 | ICICI Prudential Asset Management Company Limited | 4.67% |
| 7 | Billionbrains Garage Ventures Ltd | 4.29% |
| 8 | KEI Industries Limited | 4.09% |
| 9 | Schaeffler India Limited | 3.76% |
| 10 | Bharat Electronics Limited | 3.65% |