Motilal Oswal Flexi Cap mutual fund is on a long road to recovery; should you invest?
mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS
DATE OF LAUNCH
28 APRIL 2014
CATEGORY
EQUITY
TYPE
FLEXI CAP
AUM*
Rs.8,593 crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.43.81
IDCW**
Rs.28.49
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO# (%)
1.77
EXIT LOAD
1% for redemption within 15 days
*AS ON 30 NOV 2023
**AS ON 26 DEC 2023
#AS ON 30 NOV 2023
FUND MANAGER
RAKESH SHETTY (left)/NIKET SHAH
1 YEARS/1 YEARS, 4 MONTHS
Recent portfolio changes
New entrants
Bajaj Finserv, BSE, Navin Fluorine International (Oct).
Complete exits
Interglobe Aviation, Max Healthcare Institute (Oct).
Bajaj Finserv (Nov).
Should You Buy
Earlier known as Motilal Oswal Multi Cap 35, this fund takes a different approach compared to its peers. It runs a highly compact portfolio of up to 35 stocks (currently 25).
Within this, it takes heavy bets in its highest conviction ideas, resulting in sizeable deviations from the index. It currently has a higher presence in mid and small caps compared to its peers.
The preference is for secular themes that offer longevity of growth. The fund has endured a torrid time since 2018, exhibiting chronic underperformance.
However, it has managed to show a sharp turnaround this year, beating its index comfortably. Yet, the road to recovery is long and the fund managers will have to put in a consistent show to get the fund back on its feet.
(Source: Value Research)
