Motilal Oswal Flexi Cap Fund

The portfolio has undergone meaningful restructuring, signaling a shift away from large-cap financial stocks toward mid-cap and smallcap opportunities in industrials, auto components, and energy transition plays. The manager exited heavyweight positions in HDFC Bank and Reliance while introducing fresh exposure across eight new names, suggesting a conviction pivot toward undervalued secular growth stories outside the traditional defensive fintech-and-banking narrative. With top-10 holdings at 50% and only 31 stocks overall, the fund maintains a concentrated stance despite diversification efforts, betting that selective bets in pockets like renewable energy and specialty chemicals will outpace broader market returns.

Portfolio analysis · April 2026