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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
₹13,862 Cr
down ₹450 Cr vs Nov 2025
- Stocks held
- 20
- up 4 vs Nov 2025
Motilal Oswal Flexicap Fund is an active equity fund in the Flexi Cap category from Motilal Oswal Mutual Fund. In December 2025 it disclosed 20 stocks worth ₹13,862 Cr, down ₹450 Cr from Nov 2025. Its largest positions were Persistent Systems Limited (10.2%), Coforge Limited (9.0%), Kalyan Jewellers India Limited (7.0%); the ten largest together made up 66.1% of the portfolio, and IT - Software was the biggest sector at 25.1% of its equity. Cash and debt stood at 23.7%. Compared with Nov 2025 the fund entered 4 new stocks and exited 0.
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
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 23.73% | up 4.45 pts | ₹3,289 Cr | up ₹530 Cr | Added |
| Persistent Systems Limited | 10.18% | up 0.19 pts | ₹1,411 Cr | down ₹18.5 Cr | Trimmed |
| Coforge Limited | 9.00% | down 1.00 pts | ₹1,247 Cr | down ₹184 Cr | Trimmed |
| Kalyan Jewellers India Limited | 7.03% | down 1.27 pts | ₹974 Cr | down ₹213 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 6.73% | down 0.40 pts | ₹933 Cr | down ₹87.5 Cr | Trimmed |
| Polycab India Limited | 6.53% | down 1.11 pts | ₹905 Cr | down ₹188 Cr | Trimmed |
| ICICI Bank Limited | 6.15% | up 3.73 pts | ₹853 Cr | up ₹506 Cr | Added |
| CG Power and Industrial Solutions Limited | 5.55% | down 0.09 pts | ₹770 Cr | down ₹37.8 Cr | Trimmed |
| Eternal Limited | 5.52% | down 2.87 pts | ₹765 Cr | down ₹436 Cr | Trimmed |
| Bharti Airtel Limited | 4.88% | up 0.43 pts | ₹676 Cr | up ₹39.7 Cr | Added |
| Bharti Airtel Limited | 4.56% | up 0.15 pts | ₹632 Cr | up ₹1.2 Cr | Held |
| Larsen & Toubro Limited | 2.95% | up 0.10 pts | ₹408 Cr | up ₹1.4 Cr | Held |
| Reliance Industries Limited | 2.24% | up 2.24 pts | ₹310 Cr | up ₹310 Cr | New |
| PG Electroplast Limited | 2.08% | up 0.63 pts | ₹288 Cr | up ₹80.8 Cr | Added |
| Dixon Technologies (India) Limited | 0.94% | down 6.15 pts | ₹130 Cr | down ₹885 Cr | Trimmed |
| Bharat Electronics Limited | 0.87% | up 0.30 pts | ₹120 Cr | up ₹39.2 Cr | Added |
| Trent Limited | 0.77% | up 0.03 pts | ₹107 Cr | up ₹71 L | Added |
| PhysicsWallah Limited | 0.27% | down 0.22 pts | ₹37.8 Cr | down ₹33.3 Cr | Trimmed |
| Bajaj Holdings & Investment Limited | 0.03% | up 0.03 pts | ₹3.8 Cr | up ₹3.8 Cr | New |
| Mahindra & Mahindra Limited | 0.01% | up 0.01 pts | ₹1.9 Cr | up ₹1.9 Cr | New |
| Swiggy Limited | <0.01% | up <0.01 pts | ₹1 L | up ₹1 L | New |
What changed, Nov 2025 to Dec 2025
New New positions (4)
- Reliance Industries Limited2.2% · ₹310 Cr
- Bajaj Holdings & Investment Limited<0.1% · ₹3.8 Cr
- Mahindra & Mahindra Limited<0.1% · ₹1.9 Cr
- Swiggy Limited<0.1% · ₹1 L
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹506 Cr (+3.73% pts)
- PG Electroplast Limitedup ₹80.8 Cr (+0.63% pts)
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 Nov 2025, the weight rose most in Banks (+5.1 pts) and Petroleum Products (+2.9 pts), and fell most in Consumer Durables (−7.5 pts) and Retailing (−3.0 pts).
- Banks3.0% → 8.1%+5.1 pts
- Petroleum Products0.0% → 2.9%new+2.9 pts
- Telecom - Services10.9% → 12.4%+1.5 pts
- IT - Software24.5% → 25.1%+0.6 pts
- Aerospace & Defense0.7% → 1.1%+0.4 pts
- Construction3.5% → 3.9%+0.4 pts
- Consumer Durables20.6% → 13.2%−7.5 pts
- Retailing11.2% → 8.3%−3.0 pts
- Industrial Products9.4% → 8.6%−0.8 pts
- Other Consumer Services0.6% → 0.4%−0.3 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 | Dec 2022 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| IT - Software | 2.8% | 22.0% | 23.1% | 19.4% | 24.5% | 25.1% |
| Consumer Durables | 6.4% | 14.9% | 17.6% | 19.4% | 20.6% | 13.2% |
| Telecom - Services | — | 8.7% | 9.6% | 3.0% | 10.9% | 12.4% |
| Finance | 16.6% | 12.3% | 6.1% | 7.4% | 8.7% | 8.9% |
| Industrial Products | — | 10.7% | 10.5% | 10.8% | 9.4% | 8.6% |
| Retailing | 2.9% | 12.9% | 10.3% | 17.5% | 11.2% | 8.3% |
| Banks | 23.0% | 2.6% | 2.9% | 2.6% | 3.0% | 8.1% |
| Electrical Equipment | 5.6% | — | 13.2% | 13.1% | 6.9% | 7.3% |
| Construction | 3.2% | 3.0% | 2.9% | 2.9% | 3.5% | 3.9% |
| Petroleum Products | 7.9% | — | — | — | — | 2.9% |
Allocation in Dec 2025change vs Nov 2025
- IT - Software (2)25.1%▲ 0.6 pts
- Consumer Durables (3)13.2%▼ 7.5 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, Dec 2025
23.7%
▲ 4.5 pts vs Nov 2025
- Cash alone
- 23.7%
- cash and net receivables
- A year earlier
- 7.4%
- Dec 2024 · now ▲ 16.3 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.