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Flexi Cap · Motilal Oswal Mutual Fund · AMFI code 129046Motilal Oswal Flexicap Fund
Disclosed for 69 months, Jan 2021 to Sep 2026.
Portfolio value
₹13,554 Cr
down ₹125 Cr vs Aug 2025
- Stocks held
- 16
- down 3 vs Aug 2025
- Top 10 weight
Motilal Oswal Flexicap Fund is an active equity fund in the Flexi Cap category from Motilal Oswal Mutual Fund. In September 2025 it disclosed 16 stocks worth ₹13,554 Cr, down ₹125 Cr from Aug 2025. Its largest positions were Polycab India Limited (10.1%), Eternal Limited (9.6%), Dixon Technologies (India) Limited (9.4%); the ten largest together made up 81.2% of the portfolio, and IT - Software was the biggest sector at 19.4% of its equity. Cash and debt stood at 6.0%. Compared with Aug 2025 the fund entered 0 new stocks and exited 3.
Against 43 other Flexi Cap funds
Concentration
100%
Top-10 weight is higher than 100% of peers
Breadth
0%
Holds more stocks than 0% of peers
Cash
79%
Holds more cash than 79% of peers
What these mean: concentration · cash
Holdings in September 2025
Download CSVEvery line the fund disclosed, with the change against Aug 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Polycab India Limited | 10.14% | down 0.23 pts | ₹1,374 Cr | down ₹43.8 Cr | Trimmed |
| Eternal Limited | 9.61% | up 1.57 pts | ₹1,302 Cr | up ₹203 Cr | Added |
| Dixon Technologies (India) Limited | 9.41% | down 0.35 pts | ₹1,275 Cr | down ₹59.8 Cr | Trimmed |
| Coforge Limited | 9.39% | down 0.69 pts | ₹1,273 Cr | down ₹107 Cr | Trimmed |
| Persistent Systems Limited | 8.90% | down 0.80 pts | ₹1,206 Cr | down ₹121 Cr | Trimmed |
| Kalyan Jewellers India Limited | 7.54% | up 0.17 pts | ₹1,022 Cr | up ₹13.9 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 6.99% | up 0.88 pts | ₹947 Cr | up ₹112 Cr | Added |
| Trent Limited | 6.93% | down 2.76 pts | ₹939 Cr | down ₹386 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 6.83% | up 0.49 pts | ₹926 Cr | up ₹58.3 Cr | Added |
| Cash, TREPS & receivables | 6.03% | up 4.46 pts | ₹817 Cr | up ₹602 Cr | Added |
| Siemens Energy India Limited | 5.50% | down 0.67 pts | ₹745 Cr | down ₹98.3 Cr | Trimmed |
| Bharti Airtel Limited | 2.86% | down 0.05 pts | ₹387 Cr | down ₹10.2 Cr | Trimmed |
| Larsen & Toubro Limited | 2.70% | up 0.07 pts | ₹366 Cr | up ₹5.8 Cr | Added |
| ICICI Bank Limited | 2.49% | down 0.07 pts | ₹337 Cr | down ₹12.4 Cr | Trimmed |
| One 97 Communications Limited | 2.07% | up 0.97 pts | ₹281 Cr | up ₹130 Cr | Added |
| Kaynes Technology India Limited | 1.56% | up 0.14 pts | ₹212 Cr | up ₹16.9 Cr | Added |
| PG Electroplast Limited | 1.30% | down 0.07 pts | ₹176 Cr | down ₹10.8 Cr | Trimmed |
| Polycab India Limited October 2025 Future Derivative | −0.23% | down 0.23 pts | −₹31.1 Cr | down ₹31.1 Cr | New |
What changed, Aug 2025 to Sep 2025
New New positions (0)
None.
Exited Exited (3)
- Max Healthcare Institute Limitedwas 1.7% · ₹231 Cr
- Jio Financial Services Limitedwas 1.1% · ₹156 Cr
- Mahindra & Mahindra Limitedwas <0.1% · ₹1.4 Cr
Added Biggest additions
- Eternal Limitedup ₹203 Cr (+1.57% pts)
- One 97 Communications Limitedup ₹130 Cr (+0.97% pts)
- Cholamandalam Investment and Finance Company Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2025, the weight rose most in Financial Technology (fintech) (+1.1 pts) and Consumer Durables (+0.6 pts), and fell most in Healthcare Services (−1.7 pts) and IT - Software (−0.7 pts).
- Financial Technology (fintech)1.1% → 2.2%+1.1 pts
- Consumer Durables18.8% → 19.4%+0.6 pts
- Electrical Equipment12.7% → 13.1%+0.4 pts
- Industrial Products10.5% → 10.8%+0.2 pts
- Industrial Manufacturing1.4% → 1.7%+0.2 pts
- Construction2.7% → 2.9%+0.2 pts
- Healthcare Services1.7% → 0.0%exited−1.7 pts
- IT - Software20.1% → 19.4%−0.7 pts
- Retailing18.0% → 17.5%−0.4 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2022 | Sep 2024 | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 |
|---|---|---|---|---|---|---|
| IT - Software | 2.4% | 21.4% | 25.1% | 23.1% | 20.1% | 19.4% |
| Consumer Durables | 7.5% | 13.1% | 13.9% | 17.6% | 18.8% | 19.4% |
| Retailing | 2.7% | 11.1% | 8.1% | 10.3% | 18.0% | 17.5% |
| Electrical Equipment | 5.4% | — | 8.1% | 13.2% | 12.7% | 13.1% |
| Industrial Products | — | 11.8% | 11.2% | 10.5% | 10.5% | 10.8% |
| Finance | 18.6% | 18.0% | 7.7% | 6.1% | 7.4% | 7.4% |
| Telecom - Services | — | 12.0% | 7.0% | 9.6% | 3.0% | 3.0% |
| Construction | 3.5% | 3.8% | 3.8% | 2.9% | 2.7% | 2.9% |
| Banks | 26.4% | 3.3% | 3.7% | 2.9% | 2.6% | 2.6% |
| Financial Technology (fintech) | — | — | — | — | 1.1% | 2.2% |
Allocation in Sep 2025change vs Aug 2025
- IT - Software (2)19.4%▼ 0.7 pts
- Consumer Durables (3)19.4%▲ 0.6 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2025
6.0%
▲ 4.5 pts vs Aug 2025
- Cash alone
- 6.0%
- cash and net receivables
- A year earlier
- 22.7%
- Sep 2024 · now ▼ 16.7 pts
- Last 12 months
- 1.6% – 29.4%
- lowest to highest · record 29.4% in Mar 2025
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.