Motilal Oswal Mutual Fund, a leading asset management company in the country, has built a strong track record across various equity categories like large-cap, midcap, large & midcap, and flexi-cap. Several of its funds in these categories have delivered impressive long-term returns. The fund house’s large-cap fund topped its category in one-year returns. Another fund Motilal Oswal Large and Midcap Fund, topped its category for 1-year, 3-year, and 5-year returns. Motilal Oswal Flexi Cap secured the second position in 1-year returns.

In this article, we will review the top five Motilal Oswal Mutual Fund schemes (direct plans): Motilal Oswal Midcap Fund, Motilal Oswal Large and Midcap Fund, Motilal Oswal ELSS Tax Saver Fund, Motilal Oswal Flexi Cap Fund, and Motilal Oswal Focused Fund.

We will review the performance of these five funds over 3, 5, and 10 years, both through lump sum investments and SIP investments. Additionally, we will compare their returns with their respective benchmarks and category averages.

Also read: Cheapest flexi-cap funds with best 10-year returns: Top-rated Parag Parikh fund leads

Here are the top five Motilal Oswal funds:

1. Motilal Oswal Midcap Fund – Direct Plan

Motilal Oswal Midcap Fund is the best-performing scheme of the fund house in terms of 3-, 5-, and 10-year returns, delivering annualised returns of 34.10%, 39.75%, and 18.91%, respectively.

The 11-year-old fund has delivered an annualised return of 24.11% since its launch. This top-rated fund, launched on February 24, 2014, has assets under management (AUM) of Rs 27,780 crore (as of April 30, 2025). Benchmarked against the NIFTY Midcap 150 TRI, the fund has an expense ratio of 0.70%.

It has delivered 22.67% annualised returns on SIP investments over the past 11 years, turning a monthly SIP of Rs 10,000 into Rs 50 lakh during this period.

A lump sum investment of Rs 1 lakh made 11 years ago would now be worth Rs 11.38 lakh.

The fund has outperformed both its benchmark and the average returns of the midcap category across the 3-, 5-, and 10-year time frames.

2. Motilal Oswal Large and Midcap Fund – Direct Plan

The Motilal Oswal Large and Midcap Fund has been a consistent performer for the fund house, delivering returns of 32.94% over 3 years and 33.54% over 5 years.

Launched on October 17, 2019, the fund does not yet have a 10-year performance record.

It is benchmarked against the NIFTY Large Midcap 250 TRI and has assets under management (AUM) of Rs 9,176 crore (as of April 30, 2025), with an expense ratio of 0.68%.

Since its inception, the fund has delivered annualized returns of 25.60%.

Its SIP performance has also been impressive, with a 5-year CAGR of 29.11%, turning a monthly investment of Rs 10,000 into Rs 12.26 lakh.

A lump sum investment of Rs 1 lakh would have grown to Rs 3.59 lakh in 5 years.

The Motilal Oswal Large and Midcap Fund has outperformed both its benchmark and the average returns of the midcap fund category over the 3- and 5-year periods.

Also read: These thematic mutual funds delivered over 25% in 5 years

3. Motilal Oswal ELSS Tax Saver Fund – Direct Plan

Motilal Oswal ELSS Tax Saver Fund is the third-best performing scheme of the fund house in terms of 3-, 5-, and 10-year returns. The fund has delivered annualized returns of 30.46% over 3 years, 30.57% over 5 years, and 18.42% over 10 years. Since its launch, it has generated a return of 18.58% per annum.

Launched on January 21, 2015, the scheme has assets under management (AUM) of Rs 3,897 crore (as of April 30, 2025). It has an expense ratio of 0.65% and is benchmarked against the NIFTY 500 TRI.

The fund’s SIP performance has also been impressive, with a 10-year annualized return of 20.27%, turning a monthly investment of Rs 10,000 into Rs 34.91 lakh.

In terms of lump sum performance, an investment of Rs 1 lakh would have grown to Rs 5.84 lakh in 10 years.

The fund has outperformed both its benchmark and the average returns of the midcap category over the 3-, 5-, and 10-year periods.

4. Motilal Oswal Flexi Cap Fund – Direct Plan

Motilal Oswal Flexi Cap Fund has delivered annualized returns of 26.26% over 3 years, 24.38% over 5 years, and 14.36% over 10 years. Since its launch on April 28, 2014, the fund has generated a return of 18.64% per annum.

The fund is benchmarked against the NIFTY 500 TRI, has an expense ratio of 0.87%, and manages assets worth ₹12,418 crore (as of April 30, 2025).

Its SIP performance since inception has been strong, delivering a CAGR of 16.02% over 11 years. At this rate, a monthly SIP of ₹10,000 would have grown to ₹33.51 lakh.

A lump sum investment of ₹1 lakh made 11 years ago would now be worth ₹6.65 lakh.

The fund has outperformed both its benchmark and the category average over the 3- and 10-year periods, but has underperformed them over the 5-year period.

5. Motilal Oswal Focused Fund – Direct Plan

Motilal Oswal Focused Fund has delivered decent returns over the last 3-, 5-, and 10-year periods, generating annualized returns of 13.51%, 17.40%, and 11.52%, respectively. Since its launch on May 13, 2013, the fund has delivered an annualized return of 14.20%.

The fund is benchmarked against the NIFTY 500 TRI and has assets under management (AUM) of ₹1,399 crore, with an expense ratio of 1.02%.

Over the last 12 years, the fund has delivered a SIP CAGR of 12.92%. A monthly SIP of Rs 10,000 started at the time of launch would now be worth Rs 32.72 lakh.

A lump sum investment of Rs 1 lakh made 12 years ago would have grown to Rs 4.95 lakh.

However, the fund has underperformed both its benchmark and the average returns of the focused fund category.

(Data source: Value Research, AMFI, Fact sheets)

Also read: Mutual Fund Calculator: How long will it take to multiply your money 2, 5 or 10 times at 15% CAGR?

Investors are advised not to base their investment decisions solely on past returns, as past performance is not indicative of future results. Always consult a SEBI-registered financial advisor before making any investment decisions.

Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.