Motilal Oswal Manufacturing Fund
The fund has dramatically repositioned toward classic manufacturing and industrial cyclicals, exiting defensive plays like autos and FMCG stalwarts in favor of engineering, metals, and specialty chemicals. The sharp reduction in Reliance and overweight to mid-cap industrials signals the manager expects a capital-expenditure-driven cycle and domestic manufacturing momentum. With nearly half the portfolio concentrated in the top ten holdings and a lean cash buffer, conviction appears high but downside protection remains limited if growth narratives disappoint.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹11.4966 | — | — | — | — |
| Direct IDCW | ₹11.4960 | — | — | — | — |
| Regular IDCW | ₹11.2109 | +6.03% | +3.10% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| TRP_040526 | 3.38% |
| Ashok Leyland Ltd | 4.61% |
| Hindalco Industries Ltd | 5.04% |
| Hindustan Zinc Ltd | 3.89% |
| Navin Fluorine International Ltd | 4.57% |
| Vedanta Ltd | 1.18% |
| Suzlon Energy Ltd | 2.65% |
| Talwandi Sabo Power Limited | 0.53% |
| TD Power Systems Ltd | 2.86% |
| Vedanta Aluminium Metal Limited | 0.53% |
| Malco Energy Limited | 0.53% |
| Vedanta Iron And Steel Limited | 0.53% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ABB India Ltd INE117A01022 | 5.55% |
| 2 | Hindalco Industries Ltd INE038A01020 | 5.04% |
| 3 | Lupin Ltd INE326A01037 | 4.65% |
| 4 | Ashok Leyland Ltd INE208A01029 | 4.61% |
| 5 | Navin Fluorine International Ltd INE048G01026 | 4.57% |
| 6 | Azad Engineering Ltd INE02IJ01035 | 4.48% |
| 7 | Shaily Engineering Plastics Limited INE151G01028 | 4.16% |
| 8 | Sun Pharmaceutical Industries Limited INE044A01036 | 4.15% |
| 9 | Samvardhana Motherson International Ltd INE775A01035 | 4.06% |
| 10 | Hindustan Zinc Ltd INE267A01025 | 3.89% |
| 11 | Hitachi Energy India Limited INE07Y701011 | 3.46% |
| 12 | TRP_040526 CBLO | 3.38% |
| 13 | Gabriel India Limited INE524A01029 | 3.20% |
| 14 | Ather Energy Limited INE0LEZ01016 | 3.07% |
| 15 | UNO Minda Ltd INE405E01023 | 2.98% |
| 16 | Jindal Steel Ltd INE749A01030 | 2.97% |
| 17 | Bajaj Auto Ltd INE917I01010 | 2.95% |
| 18 | TD Power Systems Ltd INE419M01027 | 2.86% |
| 19 | Waaree Energies Limited INE377N01017 | 2.86% |
| 20 | TVS Motor Company Ltd INE494B01023 | 2.81% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Motilal Oswal Manufacturing Fund hold?
Motilal Oswal Manufacturing Fund holds 34 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.40% of NAV.
What is the largest holding in Motilal Oswal Manufacturing Fund?
The largest position in Motilal Oswal Manufacturing Fund is ABB India Ltd, accounting for 5.55% of NAV in the Industrial Products sector.
Is Motilal Oswal Manufacturing Fund a concentrated or diversified fund?
With a Gini coefficient of 0.258, Motilal Oswal Manufacturing Fund is well-diversified. The HHI concentration index is 35,522 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.40% of the portfolio.
What is the market cap allocation of Motilal Oswal Manufacturing Fund?
Based on SEBI's AMFI classification, Motilal Oswal Manufacturing Fund's equity portfolio is split as: Large Cap: 37.54%, Mid Cap: 29.42%, Small Cap: 27.02%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Motilal Oswal Manufacturing Fund invest in most?
Motilal Oswal Manufacturing Fund has the highest allocation to Industrial Products (5.55%), Cash & Equivalent (5.04%), Pharmaceuticals & Biotechnology (4.61%). The fund is invested across 12 sectors in total.
How actively managed is Motilal Oswal Manufacturing Fund compared to other Sectoral / Thematic funds?
Motilal Oswal Manufacturing Fund has an Active Share of 87.59%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Motilal Oswal Manufacturing Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Motilal Oswal Manufacturing Fund added 12 new stocks (including TRP_040526) and exited 8 stocks (including Blue Star Limited). Total holding count increased from 31 to 35 stocks.