PMS · Equity · Mid & Small Cap
Motilal Oswal - Mid to Mega strategy
Fund size₹2,333 Cr
Alpha (3Y)10.06%
3Y return23.51%
Fund age6 yrs 7 mo
From the research desk
Catching businesses at the inflection point.
Motilal Oswal Mid to Mega Strategy is Motilal Oswal Asset Management's Mid and Small Cap PMS strategy built on the belief that returns are created by investing in businesses at an inflection point in their growth journey, where sustained earnings growth, industry leadership and scalable business models enable a transition from mid cap to large cap status.
Investing in the transition, not the destination
The strategy's edge lies in identifying the transition phase itself, businesses combining industry tailwinds, leadership potential and value migration that can support a shift from mid cap to large cap, rather than simply offering broad mid cap market exposure.
Longevity and leadership get their own weight
Assessed through MOAMC's QGLP framework, quality, growth, longevity and profitability, with particular emphasis on management competence, scalability and leadership position within the industry, not just headline growth numbers.
Built for a market where mid caps have already re-rated
Positioned specifically for a phase where mid and small cap valuations have become more demanding after their recent rebound, betting on finding businesses still early in their transition rather than those that have already re-rated.
Fund Managers
Vaibhav Agrawal
CIO - Alternates, Fund Manager, Motilal Oswal
Vaibhav Agrawal is currently managing ~10,000 crs AUM at Motilal Oswal Asset Management across alternate products. He has also managed a proprietary PMS and has over a decade of experience in stock picking and generating index-beating returns. He has worked as a ratings analyst at CRISIL and investment analyst at Motilal Oswal Asset Management. He holds a Bachelors in Computer Science from the University of Pennsylvania and an MBA from London Business School.
Managing AUM₹12,769 Cr
Dhaval Mehta
Fund Manager, Motilal Oswal
Dhaval Mehta brings 14+ years of experience in equity research and portfolio management Prior to joining MOAMC, Dhaval was working with Aditya Birla Sunlife AMC as portfolio Manager, where he used to manage over ~3700 Crs AUM and has been delivered stellar performance across the investment cycles Prior to Aditya Birla Sunlife AMC, he has worked with ASk investment Managers, Emkay Global Financial Services, Ventura Securities and Infosys.
Managing AUM₹4,276 Cr
Growth of₹Cr
Motilal Oswal Mid to Mega
Returns: How it has done
| Scheme / Benchmark | YTD | 1Y | 2Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|---|---|
| Motilal Oswal Mid to Mega | 15.56% | 12.19% | 8.06% | 23.51% | 13.96% | 23.13% |
| Nifty 500 | −1.07% | 2.98% | 0.42% | 11.88% | 12.34% | 15.11% |
| Excess over benchmark | 16.63% | 9.21% | 7.64% | 11.63% | 1.62% | 8.02% |
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.
Risk : What you take on to earn the return
Volatility
21.82%
Benchmark approx 14.70%
A standard deviation reflecting historical swings.
Sensitivity
1.14
Beta vs benchmark 1.00 · 14% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.83
Sharpe
Excess return gained per unit of volatility.
Capture ratio
128 / 74
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −24.27% from its 16 Dec 2024 peak to a 13 Mar 2025 trough, and recovered on 17 Jun 2026 after 461 days.
Max drawdowns
−24.27%
Recovery period
461 days
Scheme Drawdown Trajectory
| Drawdown analysis | Peak | Trough | Depth | Fell over | Recovered | Recovery took |
|---|---|---|---|---|---|---|
| Scheme | 16 Dec 2024 | 13 Mar 2025 | −24.27% | 87 days | 17 Jun 2026 | 461 days |
| Benchmark | 30 Aug 2024 | 28 Feb 2025 | −18.59% | 182 days | – | – |
Scheme
Peak16 Dec 2024
Trough13 Mar 2025
Depth−24.27%
Fell over87 days
Recovered17 Jun 2026
Recovery took461 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Jul 2026
Portfolio Details : Where the money actually sits
Stocks
33
P/E ratio
52.72
P/B ratio
5.48
Dividend yield
0.31%
Avg market cap
₹64,198 Cr
Median market cap
₹36,203 Cr
Asset class
Equity
Market cap
Large cap14.40%
Mid cap33.19%
Small cap51.80%
Cash & others0.61%
As on 31 Jul 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 16.67% gross return.
FixedPlan A · SimpleFixed Management Fee2.50% / yr
Performance FeeNone
Hurdle RateNot applicable
HybridPlan B · Shared upsideFixed Management Fee1.50% / yr
Performance Fee15% of profit
Hurdle RateAbove 10%
Exit load 2.00% within 1 year, nil after 2 years. Lock-in: Nil.
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