Motilal Oswal Asset Management Company (Motilal Oswal Mutual Fund) is one of India’s leading fund houses, running about 75 schemes across categories. Many of its schemes have consistently performed well in the medium to long term. Whether small-cap, mid-cap, or large-cap, Motilal Oswal schemes have outperformed their peers.
In this write-up, we will take a look at the large-cap mutual fund space and see how funds have performed over the past one year. The last one year has been full of turmoil for the Indian stock market, putting pressure on equity mutual funds across categories. Specifically, the average return for the large-cap mutual fund category was (-6.91%).
However, some funds have shown tremendous resilience. Motilal Oswal Large Cap Fund is one of them. Launched in February 2024, this fund is just one and a half years old. While all its peers in the large-cap space struggled to stay in the green, the fund has given a 3.58% return in the last one year. While this return may not be considered significant, its unique feature is that out of 34 funds in the large-cap mutual fund category, only this fund fetched a positive return.
Motilal Oswal Large Cap Fund key details
Motilal Oswal Large Cap Fund has delivered a return of 22.28% since its launch, outperforming in a tough market environment. It tracks the NIFTY 100 TRI as its benchmark and comes under the very high risk category as per the Riskometer. As of August 31, 2025, the fund manages assets worth Rs 2,701 crore, while its expense ratio stood at 0.81% on September 30, 2025.
Motilal Oswal Large Cap Fund performance in 3 months, 6 months and 1 year
Motilal Oswal Large Cap Fund has shown mixed performance in the short term. In the last 3 months, the fund delivered (-)2.45%, slightly better than the BSE 100 TRI’s (-)3.15%. Over the 6-month period, it gained 7.38%, again outperforming both the benchmark (5.98%) and the large-cap category average (6.29%). Most importantly, in the 1-year period, while the broader large-cap space delivered negative returns (-)5.44% and the benchmark slipped (-)4.34%, the fund managed to stay positive with a 4.44% return, making it the only large-cap fund to do so.
Motilal Oswal Large Cap Fund portfolio exposure
Motilal Oswal Large Cap Fund has a diversified portfolio with strong exposure to leading blue-chip companies across sectors. Its top holdings include HDFC Bank (9.72%) and ICICI Bank (7.24%). Reliance Industries (6.78%) and Bharti Airtel (5.19%) further strengthen its energy and telecom bets. Infosys (3.81%) and TCS (2.51%) add technology stability.
On the industrials side, Larsen & Toubro (3.20%) features prominently, while SBI (2.74%) and Kotak Mahindra Bank (2.18%) extend the fund’s financial exposure. It also has in its portfolio ITC (2.73%), Mahindra & Mahindra (2.31%), and Maruti Suzuki (2.08%).
Who should invest in large-cap funds like Motilal Oswal Large Cap Fund?
Large-cap funds are suitable for investors who want stability in their equity portfolio with relatively lower risk compared to mid-cap or small-cap funds. Since these funds invest in established blue-chip companies, they may not deliver extraordinary short-term returns but can provide steady and reliable growth over the long term.
Don’t chase only returns
While Motilal Oswal Large Cap Fund’s positive performance in a tough market looks impressive, investors must not select funds only based on short-term returns. Market volatility, global events or changes in interest rates can often drag down even well-managed funds for a temporary period.
What to focus on instead
A smarter approach is to look at other key parameters such as the fund manager’s experience, portfolio quality, expense ratio, and consistency across different market cycles. This ensures you are investing in a fund with strong fundamentals rather than just chasing the flavour of the season.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.