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Mid Cap · Motilal Oswal Mutual Fund · AMFI code 127039Motilal Oswal Midcap Fund
Disclosed for 50 months, Aug 2022 to Sep 2026.
Portfolio value
₹33,689 Cr
down ₹743 Cr vs Jan 2026
- Stocks held
- 25
- down 1 vs Jan 2026
- Top 10 weight
- 60.5%
- of the portfolio in its ten largest
- Largest position
- 7.6%
Motilal Oswal Midcap Fund is an active equity fund in the Mid Cap category from Motilal Oswal Mutual Fund. In February 2026 it disclosed 25 stocks worth ₹33,689 Cr, down ₹743 Cr from Jan 2026. Its largest positions were One 97 Communications Limited (7.6%), Kalyan Jewellers India Limited (7.5%), Eternal Limited (6.4%); the ten largest together made up 60.5% of the portfolio, and IT - Software was the biggest sector at 13.2% of its equity. Cash and debt stood at 2.1%. Compared with Jan 2026 the fund entered 1 new stock and exited 2.
Against 32 other Mid Cap funds
Concentration
97%
Top-10 weight is higher than 97% of peers
Breadth
3%
Holds more stocks than 3% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| One 97 Communications Limited | 7.64% | down 0.05 pts | ₹2,575 Cr | down ₹75.3 Cr | Trimmed |
| Kalyan Jewellers India Limited | 7.48% | up 1.03 pts | ₹2,519 Cr | up ₹299 Cr | Added |
| Eternal Limited | 6.40% | down 0.46 pts | ₹2,154 Cr | down ₹205 Cr | Trimmed |
| KEI Industries Limited | 6.28% | up 1.51 pts | ₹2,115 Cr | up ₹473 Cr | Added |
| Persistent Systems Limited | 6.20% | down 3.65 pts | ₹2,087 Cr | down ₹1,303 Cr | Trimmed |
| Coforge Limited | 6.09% | down 3.52 pts | ₹2,050 Cr | down ₹1,257 Cr | Trimmed |
| Aditya Birla Capital Limited | 5.67% | up 0.60 pts | ₹1,910 Cr | up ₹163 Cr | Added |
| Bharti Airtel Limited | 5.29% | down 0.15 pts | ₹1,782 Cr | down ₹91.4 Cr | Trimmed |
| NIFTY March 2026 Future Derivative | 5.14% | up 5.14 pts | ₹1,731 Cr | up ₹1,731 Cr | New |
| Dixon Technologies (India) Limited | 4.29% | down 0.26 pts | ₹1,444 Cr | down ₹121 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 3.85% | up 2.09 pts | ₹1,297 Cr | up ₹691 Cr | Added |
| Bharti Hexacom Limited | 3.58% | up 0.21 pts | ₹1,205 Cr | up ₹46.6 Cr | Added |
| L&T Finance Limited | 3.37% | up 0.04 pts | ₹1,136 Cr | down ₹9.6 Cr | Trimmed |
| Prestige Estates Projects Limited | 3.28% | up 0.72 pts | ₹1,104 Cr | up ₹225 Cr | Added |
| Tube Investments of India Limited | 3.18% | up 0.54 pts | ₹1,072 Cr | up ₹163 Cr | Added |
| Billionbrains Garage Ventures Ltd | 3.07% | up 2.12 pts | ₹1,035 Cr | up ₹706 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 3.04% | up 1.85 pts | ₹1,025 Cr | up ₹613 Cr | Added |
| BSE Limited | 2.83% | down 0.03 pts | ₹954 Cr | down ₹31.7 Cr | Trimmed |
| Bharat Electronics Limited | 2.60% | up 0.99 pts | ₹874 Cr | up ₹321 Cr | Added |
| Cash, TREPS & receivables | 2.11% | down 4.43 pts | ₹709 Cr | down ₹1,542 Cr | Trimmed |
| Axis Bank Limited | 2.00% | up 0.77 pts | ₹675 Cr | up ₹249 Cr | Added |
| PB Fintech Limited | 1.83% | up 0.24 pts | ₹617 Cr | up ₹69.7 Cr | Added |
| Max Healthcare Institute Limited | 1.70% | up 0.86 pts | ₹571 Cr | up ₹284 Cr | Added |
| IDFC First Bank Limited | 1.53% | up 0.05 pts | ₹516 Cr | up ₹4.7 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 0.64% | up 0.60 pts | ₹217 Cr | up ₹201 Cr | Added |
| AU Small Finance Bank Limited | 0.55% | up 0.55 pts | ₹184 Cr | up ₹184 Cr | New |
| GE Vernova T&D India Limited | 0.38% | up 0.17 pts | ₹128 Cr | up ₹54.9 Cr | Added |
What changed, Jan 2026 to Feb 2026
New New positions (1)
- AU Small Finance Bank Limited0.5% · ₹184 Cr
Exited Exited (2)
- Kaynes Technology India Limitedwas 0.4% · ₹139 Cr
- Trent Limitedwas 0.2% · ₹74.3 Cr
Added Biggest additions
- Billionbrains Garage Ventures Ltdup ₹706 Cr (+2.12% pts)
- Multi Commodity Exchange of India Limitedup ₹691 Cr (+2.09% pts)
- Shriram Transport 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 Jan 2026, the weight rose most in Capital Markets (+4.7 pts) and Finance (+1.9 pts), and fell most in IT - Software (−9.2 pts) and Retailing (−1.3 pts).
- Capital Markets6.5% → 11.2%+4.7 pts
- Finance11.1% → 13.0%+1.9 pts
- Industrial Products5.5% → 6.8%+1.3 pts
- Banks3.1% → 4.4%+1.3 pts
- Aerospace & Defense1.9% → 2.8%+0.9 pts
- Healthcare Services1.0% → 1.8%+0.9 pts
- IT - Software22.5% → 13.2%−9.2 pts
- Retailing8.2% → 6.9%−1.3 pts
- Telecom - Services10.2% → 9.6%−0.6 pts
- Financial Technology (fintech)10.7% → 10.2%−0.5 pts
- Industrial Manufacturing0.5% → 0.0%exited−0.5 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 | Feb 2023 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|---|
| IT - Software | 9.6% | 30.4% | 19.7% | 21.6% | 22.5% | 13.2% |
| Finance | 3.2% | 0.1% | 3.3% | 7.9% | 11.1% | 13.0% |
| Consumer Durables | 10.1% | 19.2% | 19.3% | 17.4% | 12.7% | 12.7% |
| Capital Markets | — | — | — | 4.1% | 6.5% | 11.2% |
| Financial Technology (fintech) | — | 5.1% | 8.9% | 9.0% | 10.7% | 10.2% |
| Telecom - Services | — | 4.5% | 3.4% | 9.5% | 10.2% | 9.6% |
| Retailing | 4.1% | 4.8% | 18.7% | 11.3% | 8.2% | 6.9% |
| Industrial Products | 3.6% | 10.1% | 13.0% | 10.1% | 5.5% | 6.8% |
| Banks | 5.2% | — | — | — | 3.1% | 4.4% |
| Realty | 6.3% | 3.6% | 2.6% | 2.6% | 3.0% | 3.5% |
Allocation in Feb 2026change vs Jan 2026
- IT - Software (2)13.2%▼ 9.2 pts
- Finance (3)13.0%
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, Feb 2026
2.1%
▼ 4.4 pts vs Jan 2026
- Cash alone
- 2.1%
- cash and net receivables
- A year earlier
- 28.3%
- Feb 2025 · now ▼ 26.2 pts
- Last 12 months
- 2.1% – 32.9%
- lowest to highest · record 32.9% 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.