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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
₹13,180 Cr
down ₹682 Cr vs Dec 2025
- Stocks held
- 17
- down 3 vs Dec 2025
Motilal Oswal Flexicap Fund is an active equity fund in the Flexi Cap category from Motilal Oswal Mutual Fund. In January 2026 it disclosed 17 stocks worth ₹13,180 Cr, down ₹682 Cr from Dec 2025. Its largest positions were Coforge Limited (9.4%), Persistent Systems Limited (8.8%), NIFTY February 2026 Future (8.8%); the ten largest together made up 69.6% of the portfolio, and IT - Software was the biggest sector at 23.0% of its equity. Cash and debt stood at 12.2%. Compared with Dec 2025 the fund entered 2 new stocks and exited 5.
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
95%
Holds more cash than 95% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 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 | 12.18% | down 11.55 pts | ₹1,605 Cr | down ₹1,684 Cr | Trimmed |
| Coforge Limited | 9.41% | up 0.41 pts | ₹1,240 Cr | down ₹6.9 Cr | Trimmed |
| Persistent Systems Limited | 8.77% | down 1.41 pts | ₹1,156 Cr | down ₹255 Cr | Trimmed |
| NIFTY February 2026 Future Derivative | 8.76% | up 8.76 pts | ₹1,154 Cr | up ₹1,154 Cr | New |
| Eternal Limited | 6.75% | up 1.23 pts | ₹889 Cr | up ₹124 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 6.63% | down 0.10 pts | ₹873 Cr | down ₹59.7 Cr | Trimmed |
| ICICI Bank Limited | 6.54% | up 0.38 pts | ₹862 Cr | up ₹8.4 Cr | Added |
| HDFC Bank Limited | 6.35% | up 6.35 pts | ₹836 Cr | up ₹836 Cr | New |
| Kalyan Jewellers India Limited | 6.11% | down 0.92 pts | ₹806 Cr | down ₹169 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 5.55% | up <0.01 pts | ₹732 Cr | down ₹37.6 Cr | Trimmed |
| Bharti Airtel Limited | 4.75% | down 0.13 pts | ₹626 Cr | down ₹50.8 Cr | Trimmed |
| Bharti Airtel Limited | 4.48% | down 0.08 pts | ₹591 Cr | down ₹41.1 Cr | Trimmed |
| Larsen & Toubro Limited | 2.98% | up 0.04 pts | ₹393 Cr | down ₹15.1 Cr | Trimmed |
| Polycab India Limited | 2.66% | down 3.87 pts | ₹351 Cr | down ₹555 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.48% | up 2.48 pts | ₹326 Cr | up ₹326 Cr | New |
| Reliance Industries Limited | 2.09% | down 0.15 pts | ₹275 Cr | down ₹34.5 Cr | Trimmed |
| PG Electroplast Limited | 2.08% | up <0.01 pts | ₹274 Cr | down ₹13.8 Cr | Trimmed |
| Bharat Electronics Limited | 1.33% | up 0.47 pts | ₹176 Cr | up ₹56 Cr | Added |
| PhysicsWallah Limited | 0.26% | down 0.01 pts | ₹34 Cr | down ₹3.8 Cr | Trimmed |
| Polycab India Limited February 2026 Future Derivative | −0.14% | down 0.14 pts | −₹18.3 Cr | down ₹18.3 Cr | New |
What changed, Dec 2025 to Jan 2026
New New positions (2)
- HDFC Bank Limited6.3% · ₹836 Cr
- Kotak Mahindra Bank Limited2.5% · ₹326 Cr
Exited Exited (5)
- Dixon Technologies (India) Limitedwas 0.9% · ₹130 Cr
- Trent Limitedwas 0.8% · ₹107 Cr
- Bajaj Holdings & Investment Limitedwas <0.1% · ₹3.8 Cr
- Mahindra & Mahindra Limitedwas <0.1% · ₹1.9 Cr
- Swiggy Limitedwas <0.1% · ₹1 L
Added Biggest additions
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 Dec 2025, the weight rose most in Banks (+11.3 pts) and Aerospace & Defense (+0.6 pts), and fell most in Industrial Products (−5.2 pts) and Consumer Durables (−2.8 pts).
- Banks8.1% → 19.4%+11.3 pts
- Aerospace & Defense1.1% → 1.7%+0.6 pts
- Retailing8.3% → 8.5%+0.3 pts
- Industrial Products8.6% → 3.4%−5.2 pts
- Consumer Durables13.2% → 10.3%−2.8 pts
- IT - Software25.1% → 23.0%−2.2 pts
- Telecom - Services12.4% → 11.7%−0.7 pts
- Finance8.9% → 8.4%−0.5 pts
- Petroleum Products2.9% → 2.6%−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 | Jan 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| IT - Software | 5.8% | 22.3% | 20.2% | 20.8% | 25.1% | 23.0% |
| Banks | 24.2% | 3.2% | 2.9% | 2.6% | 8.1% | 19.4% |
| Telecom - Services | 3.1% | 11.0% | 8.9% | 3.4% | 12.4% | 11.7% |
| Consumer Durables | 6.3% | 12.7% | 22.0% | 20.6% | 13.2% | 10.3% |
| Retailing | 3.6% | 10.7% | 8.4% | 18.2% | 8.3% | 8.5% |
| Finance | 10.6% | 8.7% | 7.2% | 7.8% | 8.9% | 8.4% |
| Electrical Equipment | 6.5% | 4.2% | 13.3% | 11.9% | 7.3% | 7.0% |
| Construction | 3.3% | 3.6% | 2.8% | 3.2% | 3.9% | 3.8% |
| Industrial Products | — | 10.9% | 10.7% | 9.3% | 8.6% | 3.4% |
| Petroleum Products | 7.4% | — | — | — | 2.9% | 2.6% |
Allocation in Jan 2026change vs Dec 2025
- IT - Software (2)23.0%▼ 2.2 pts
- Banks (3)19.4%▲ 11.3 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, Jan 2026
12.2%
▼ 11.6 pts vs Dec 2025
- Cash alone
- 12.2%
- cash and net receivables
- A year earlier
- 21.0%
- Jan 2025 · now ▼ 8.8 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.