Motilal Oswal Financial Services Fund
Motilal Oswal Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund maintains a decisive bet on financial services, with banks and non-bank lenders commanding nearly 95% of the portfolio. The manager has doubled down on mid-tier banking plays like Axis Bank and PB Fintech while trimming cash, signaling conviction that this sector offers compelling value despite recent rallies. Three fresh additions suggest active scouting for undervalued financial names, though the concentrated top-10 holding of 58% leaves limited room for diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹9.7022 | -0.96% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
29
Top 5 Weight
38.17%
Top 10 Weight
57.96%
Active Share
—
Large Cap
53.69%
Gini
0.337
What Changed2026-03-31 → 2026-04-30
Holdings: 28 → 30+3 added−1 removed23 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| TRP_040526 | 1.99% |
| Poonawalla Fincorp Limited | 1.91% |
| PNB Housing Finance Limited | 2.73% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 8.73% |
| 2 | ICICI Bank Ltd INE090A01021 | 8.37% |
| 3 | State Bank of India INE062A01020 | 7.22% |
| 4 | Axis Bank Ltd INE238A01034 | 7.01% |
| 5 | Bajaj Finance Ltd INE296A01032 | 6.84% |
| 6 | Indusind Bank Ltd INE095A01012 | 4.20% |
| 7 | AU Small Finance Bank Limited INE949L01017 | 4.04% |
| 8 | Shriram Finance Limited INE721A01047 | 3.95% |
| 9 | PB Fintech Limited INE417T01026 | 3.88% |
| 10 | RBL Bank Limited INE976G01028 | 3.71% |
| 11 | Ujjivan Small Finance Bank Limited INE551W01018 | 3.45% |
| 12 | Prudent Corporate Advisory Services Limited INE00F201020 | 3.24% |
| 13 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 3.10% |
| 14 | Aditya Birla Capital Limited INE674K01013 | 2.86% |
| 15 | PNB Housing Finance Limited INE572E01012 | 2.73% |
| 16 | ICICI Prudential Asset Management Company Limited INE346A01027 | 2.72% |
| 17 | Muthoot Finance Ltd INE414G01012 | 2.70% |
| 18 | BSE Limited INE118H01025 | 2.51% |
| 19 | Aditya Birla Sun Life AMC Limited INE404A01024 | 2.24% |
| 20 | One 97 Communications Limited INE982J01020 | 2.12% |
Sector Allocation
Capital Markets2.0%
Top 10 sectors by % to NAV. Excludes derivatives.