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Motilal Oswal Financial Services Fund Direct IDCW NAV today

AMFI: 154140ISIN: INF247L01GO3MUTF_IN: MOTI_OSWA_FINA_1JDJ625Motilal Oswal Mutual FundSectoral / Thematic funds

NAV ₹10.0233

NAV for 23 Oct 2026. Declared once a day.

Fund size
₹209 CrSep 2026
Expense ratio
1.32%15 Oct 2026
P/E
20.130 Sep 2026
Risk level
Very HighAug 2026
Holdings
2930 Sep 2026
Offer opened
27 Jan 2026

Motilal Oswal Financial Services Fund returns

Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own

Over each window to 23 Oct 2026

OverReturnBenchmarkRank in categoryCategory medianMiddle half
1 week−5.07%−3.87%–––
1 month−6.97%−4.54%76 of 254−8.23%−9.5% to −6.6%
3 months−3.70%−5.93%54 of 250−6.23%−7.7% to −4.3%
6 months−0.27%−6.29%87 of 250−3.43%−6.3% to +2.1%
1 yearNeeds a year––−5.19%−9.3% to +0.6%
3 yearsNeeds 3 years––+12.40%+8.6% to +16.8%
5 yearsNeeds 5 years––+10.89%+8.1% to +14.6%
10 yearsNeeds 10 years––+13.74%+11.5% to +15.5%
₹10,000 put in on 20 Feb 2026 is ₹10,022 at the NAV of 23 Oct 2026Over a year and longer, a return is the yearly rate. Benchmark: Nifty Financial Services TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 25 Oct 2026.

Motilal Oswal Financial Services Fund expense ratio and exit load

Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.

Regular over direct
1.38 ptsA year, on 15 Oct 2026
Direct, 30-day average
1.31%Over the last 30 days filed
Regular, 30-day average
2.68%Over the last 30 days filed

Total expense ratio, month by month

  • Regular plan
  • Direct plan
Direct plan highest 1.46%, Apr 2026.Direct plan lowest 0.94%, May 2026.

What the expense ratio is made of

PartDirectRegular
Base expense ratio0.78%2.10%
Brokerage0.10%0.10%
Transaction costs0.01%0.01%
Statutory levies0.43%0.49%
Per cent of assets a year, filed for 15 Oct 2026. The parts add up to that day's total.

Exit load, in the fund house's words

1% - If redeemed within 90 days from the day of allotment. Nil - If redeemed after 90 days from the date of allotment. Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load shall be imposed for switching between Options within the Scheme. Further, it is clarified that there will be no exit load charged on a switch-out amongst the plans within the same schemeMoreLess

Buying and selling

Lump-sum purchases
Accepted
Minimum investment
₹500
Minimum top-up
₹500
Minimum redemption
₹500
SIP
Accepted
STP, transfers to another fund
Not accepted
SWP, regular withdrawals
Accepted
Switches
Accepted
Lock-in
None
As listed for this plan on 24 Oct 2026.

Motilal Oswal Financial Services Fund AUM

₹ crore, every plan of the fund together.

Average assets
₹207 CrQuarter to Sep 2026
In the direct plans
28.1%Of the quarter's average

Average assets by quarter, by plan

  • Regular plans
  • Direct plans
The latest quarter is the largest since the quarter to Mar 2026.

Assets at each month end

Highest ₹217 Cr, Aug 2026.Lowest ₹149 Cr, Mar 2026.

Motilal Oswal Financial Services Fund portfolio

Portfolio disclosed for 30 Sep 2026.

Holdings on 30 Sep 2026

State Bank of IndiaBanksLarge cap4th6.56%13.741,43,181Feb 2026or earlier
ICICI BankBanksLarge cap5th6.31%13.221,00,000Feb 2026or earlier
Multi Commodity Exchange of IndiaCapital MarketsMid cap157th5.75%12.0536,500Aug 2026
Bajaj FinanceFinanceLarge cap7th4.69%9.811,02,279Feb 2026or earlier
One 97 CommunicationsFinancial Technology (Fintech)Mid cap146th3.89%8.1448,500Feb 2026or earlier
Kotak Mahindra BankBanksLarge cap16th3.86%8.091,94,000Jun 2026
Cholamandalam Investment and Finance CompanyFinanceLarge cap70th3.82%8.0149,430Feb 2026or earlier
IndusInd BankBanksMid cap152nd3.58%7.5083,183Feb 2026or earlier
HDFC BankBanksLarge cap2nd3.39%7.091,00,000Feb 2026or earlier
RBL BankBanksSmall cap346th3.37%7.061,75,000Feb 2026or earlier
Muthoot FinanceFinanceLarge cap67th3.14%6.5724,000Aug 2026
MoneyviewFinancial Technology (Fintech)3.13%6.5419,24,293Sep 2026
Prudent Corporate Advisory ServicesCapital MarketsSmall cap535th3.10%6.5020,771Feb 2026or earlier
Shriram FinanceFinanceLarge cap42nd2.82%5.9060,000Feb 2026or earlier
PNB Housing FinanceFinanceSmall cap313th2.67%5.6050,000Apr 2026
Weight is per cent of the fund's net assets; value in ₹ crore.
Largest holding
6.56%State Bank of India
Top 5 holdings
27.20%
Top 10 holdings
45.22%
Effective holdings
24.4Taken over 88.91% of the fund

Asset allocation

  • Indian shares88.91%
  • Cash and receivables11.09%
Per cent of the fund's net assets.

Large, mid and small cap

  • Large cap48.80%Category 49.50%
  • Mid cap24.11%Category 21.62%
  • Small cap22.53%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 4.05% of the fund. Category is the average of 249 Sectoral / Thematic funds.

Sector allocation

1sector
  • Financial Services88.91%Category 21.68%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds.

Sector allocation month by month

8 months
Financial Services29 companies88.91%98.22%97.92%96.47%97.30%96.56%86.27%44.91%
Healthcare0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Capital Goods0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Automobile And Auto Components0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Consumer Services0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Information Technology0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Fast Moving Consumer Goods0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Consumer Durables0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Oil Gas & Consumable Fuels0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Telecommunication0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Power0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Services0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Feb 2026 to Sep 2026.

Bought and sold

Sep 2026 against Aug 2026, position by position.

Positions changed, month by month

  • New
  • Added
  • Trimmed
  • Sold out
New positions
37.63% of the fund
Sold out
49.43% of the fund before
Added to
5
Trimmed
9
Unchanged
12
Traded at least
7.63%
Weight that moved
22.99%

Changes in Sep 2026

PB FintechSold out–3.65%−3.65 pts−42,243
MoneyviewNew3.13%0.00%+3.13 pts+19,24,293
HDFC BankTrimmed3.39%6.38%−2.99 pts−95,000
ICICI Lombard General Insurance CompanyNew2.28%0.00%+2.28 pts+30,000
BSENew2.22%0.00%+2.22 pts+15,000
L&T FinanceSold out–2.22%−2.22 pts−1,50,000
Ujjivan Small Finance BankSold out–1.91%−1.91 pts−6,00,088
The Federal BankSold out–1.65%−1.65 pts−1,00,000
Muthoot FinanceAdded3.14%1.65%+1.49 pts+12,000
OnEMI Technology SolutionsAdded2.47%0.99%+1.48 pts+70,000
Billionbrains Garage VenturesTrimmed1.78%3.13%−1.35 pts−1,50,000
Axis BankTrimmed2.36%3.61%−1.25 pts−20,000
Karur Vysya BankAdded2.48%1.28%+1.20 pts+80,000
PNB Housing FinanceTrimmed2.67%3.83%−1.16 pts−22,247
Shriram FinanceTrimmed2.82%3.91%−1.09 pts−16,345
Weights are per cent of the fund's net assets; a change in weight is in percentage points.

Holdings month by month

HoldingOct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26
State Bank of India––––5.72%5.67%Added7.22%Added6.71%6.88%Added8.02%Added7.00%Cut6.56%
ICICI Bank––––4.38%8.88%Added8.37%Added8.56%8.62%7.09%Cut6.71%6.31%
Multi Commodity Exchange of India––––––––––5.73%Bought5.75%
Bajaj Finance––––3.09%7.09%Added6.84%6.82%6.95%7.45%4.99%Cut4.69%
One 97 Communications––––0.87%2.25%Added2.12%2.22%2.89%Added3.22%3.84%3.89%
Kotak Mahindra Bank––––––––1.02%Bought1.39%Added2.79%Added3.86%Added
Cholamandalam Investment and Finance Company––––3.30%3.26%Added3.10%4.02%Added4.30%4.51%Added4.24%3.82%
IndusInd Bank––––4.32%4.19%Added4.20%4.32%4.02%4.16%3.90%3.58%
HDFC Bank––––2.54%8.08%Added8.73%Added8.67%8.55%7.57%6.38%Cut3.39%Cut
RBL Bank––––2.84%3.30%Added3.71%Added3.92%1.93%Cut2.78%Added2.63%3.37%Added
Muthoot Finance–––––3.02%Bought2.70%0.13%CutSold out–1.65%Bought again3.14%Added
Moneyview–––––––––––3.13%Bought
Prudent Corporate Advisory Services––––3.10%3.02%3.24%3.21%3.25%3.38%3.52%3.10%
Shriram Finance––––1.43%3.87%Added3.95%Added4.11%4.16%3.95%3.91%2.82%Cut
PNB Housing Finance––––––2.73%Bought3.93%Added3.92%Added3.76%3.83%2.67%Cut
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.

Portfolio turnover, per cent of assets a year

  • Turnover
Highest 63.1% in Sep 2026

Risk ratios

NAV to 23 Oct 2026

Largest falls

Largest overFallHigh onLow onBack at the high
Since Feb 2026−11.39%20 Feb 202630 Mar 202617 Apr 2026

Risk level by month

MonthsFundBenchmark
Jan 2026 to Aug 20268 monthsVery HighVery HighNifty Financial Services TRI
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.

Portfolio overlap

Funds holding the most of the same securities, by weight.

Closest funds in the category

Baroda BNP Paribas Banking and Financial Services FundBaroda BNP Paribas Mutual Fund60.48%22
Kotak Banking & Financial Services FundKotak Mahindra Mutual Fund53.97%20
Canara Robeco Banking and Financial Services FundCanara Robeco Mutual Fund51.87%18
Tata Banking & Financial Services FundTata Mutual Fund51.18%19
Helios Financial Services FundHelios Mutual Fund50.53%17
MahindraManulife Banking & Financial Services FundMahindra Manulife Mutual Fund49.15%17
Edelweiss Financial Services FundEdelweiss Mutual Fund46.45%18
HSBC Financial Services FundHSBC Mutual Fund45.86%18
ITI Banking and Financial Services FundITI Mutual Fund45.65%16
DSP Banking & Financial Services FundDSP Mutual Fund44.87%15
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.

Overlap with the fund house's other funds

Motilal Oswal Multi Cap FundMotilal Oswal Mutual Fund25.39%
Motilal Oswal Contra FundMotilal Oswal Mutual Fund25.12%
Motilal Oswal Business Cycle FundMotilal Oswal Mutual Fund23.30%
Motilal Oswal Services FundMotilal Oswal Mutual Fund22.50%
Motilal Oswal Large CapMotilal Oswal Mutual Fund20.61%
Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund19.31%
Motilal Oswal Focused FundMotilal Oswal Mutual Fund18.59%
Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund18.36%
Motilal Oswal Flexi cap FundMotilal Oswal Mutual Fund16.74%
Motilal Oswal Midcap FundMotilal Oswal Mutual Fund15.79%
As the fund house states it, for Sep 2026.

Changes to the fund

Newest first.

  1. 2026

    • 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top

Fund details

Objective

The primary objective of the Scheme is to generate long-term capital appreciation by investing in equity or equity related instruments across market capitalization of companies deriving majority of their income from financial Services businesses. However, there is no assurance that the investment objective of the scheme will be realized

Benchmark
Nifty Financial Services TRI
New fund offer
27 Jan 2026 to 10 Feb 2026
Price at the offer
₹10 a unit
Minimum at the offer
₹500

Plans and codes

PlanAMFI codeISINISIN, reinvestmentMUTF_INFirst NAV
Direct Growth154142INF247L01GN5MOTI_OSWA_FINA_16HM0MS20 Feb 2026
Regular Growth154137INF247L01GQ8MOTI_OSWA_FINA_HQEDHJ20 Feb 2026
Direct IDCW154140INF247L01GO3INF247L01GP0MOTI_OSWA_FINA_1JDJ62520 Feb 2026
Regular IDCW154139INF247L01GR6INF247L01GS4MOTI_OSWA_FINA_16YECBP20 Feb 2026

This fund

Factsheet

Statement of additional information

Annual report

Riskometer disclosure

Portfolio overlap disclosure