Motilal Oswal Services Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Portfolio Turnover Ratio : 39.00%. Category average turnover ratio is 153.01%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 90.08% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 90.08%

No of Stocks : 36 (Category Avg - 44.44) | Large Cap Investments : 2.4%| Mid Cap Investments : 12.07% | Small Cap Investments : 24.13% | Other : 51.49%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	36	43.41
Top 5 Stock Weight	19.6%	32.46%
Top 10 Stock Weight	36.13%	49.59%
Top 3 Sector Weight	24.79%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	4630.13	72450.77
Holdings in large cap stocks	2.4%	37.14%
Holdings in mid cap stocks	12.07%	14.47%
Holdings in small cap stocks	24.13%	13.1%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
One 97 Communications Ltd.	Financial technology (fintech)	31	4.26%	-0.35%	4.82% (Jul 2025)	0% (Nov 2024)	23.80 k	0.00
Aditya Birla Capital Ltd.	Life insurance	28.7	3.94%	0.56%	4.11% (Jul 2025)	0% (Nov 2024)	88.39 k	21.39 k
# LG Electronics India Pvt. Ltd.	Consumer electronics	28.5	3.91%	3.91%	3.91% (Oct 2025)	0% (Nov 2024)	17.11 k	17.11 k
C.E. Info Systems Ltd.	Software products	27.6	3.79%	0.34%	4.09% (Jun 2025)	0% (Nov 2024)	15.15 k	3.00 k
# IDFC First Bank Ltd.	Private sector bank	26.9	3.70%	3.70%	3.7% (Oct 2025)	0% (Nov 2024)	3.29 L	3.29 L
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	26	3.57%	-0.20%	4.92% (Jun 2025)	0% (Nov 2024)	2.81 k	0.00
Aster DM Healthcare Ltd.	Hospital	25.8	3.54%	-0.56%	5.5% (Jul 2025)	0% (Nov 2024)	38.00 k	0.00
Angel One Ltd.	Stockbroking & allied	24.3	3.34%	0.25%	4.16% (Jun 2025)	0% (Nov 2024)	9.73 k	1.33 k
Eternal Ltd.	E-retail/ e-commerce	22.2	3.06%	-0.87%	5.15% (Jul 2025)	0% (Nov 2024)	70.00 k	0.00
Indian Hotels Company Limited	Hotels & resorts	22	3.02%	-0.66%	4.46% (Jun 2025)	0% (Nov 2024)	29.65 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
One 97 Communications Ltd.	Financial technology (fintech)	6.53	31	4.26%	-0.35%	4.82% (Jul 2025)	0% (Nov 2024)	23.80 k	0.00	Other	51.49
Aditya Birla Capital Ltd.	Life insurance	3.94	28.7	3.94%	0.56%	4.11% (Jul 2025)	0% (Nov 2024)	88.39 k	21.39 k	Mid Cap	12.07
# LG Electronics India Pvt. Ltd.	Consumer electronics	3.91	28.5	3.91%	3.91%	3.91% (Oct 2025)	0% (Nov 2024)	17.11 k	17.11 k	Other	51.49
C.E. Info Systems Ltd.	Software products	3.79	27.6	3.79%	0.34%	4.09% (Jun 2025)	0% (Nov 2024)	15.15 k	3.00 k	Other	51.49
# IDFC First Bank Ltd.	Private sector bank	3.7	26.9	3.70%	3.70%	3.7% (Oct 2025)	0% (Nov 2024)	3.29 L	3.29 L	Mid Cap	12.07
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	3.57	26	3.57%	-0.20%	4.92% (Jun 2025)	0% (Nov 2024)	2.81 k	0.00	Small Cap	24.13
Aster DM Healthcare Ltd.	Hospital	8.95	25.8	3.54%	-0.56%	5.5% (Jul 2025)	0% (Nov 2024)	38.00 k	0.00	Small Cap	24.13
Angel One Ltd.	Stockbroking & allied	3.34	24.3	3.34%	0.25%	4.16% (Jun 2025)	0% (Nov 2024)	9.73 k	1.33 k	Other	51.49
Eternal Ltd.	E-retail/ e-commerce	5.6	22.2	3.06%	-0.87%	5.15% (Jul 2025)	0% (Nov 2024)	70.00 k	0.00	Other	51.49
Indian Hotels Company Limited	Hotels & resorts	3.02	22	3.02%	-0.66%	4.46% (Jun 2025)	0% (Nov 2024)	29.65 k	0.00	Mid Cap	12.07
Rategain Travel Technologies Ltd.	Computers - software & consulting	9.31	21.7	2.98%	-0.79%	3.78% (Sep 2025)	0% (Nov 2024)	34.00 k	0.00	Other	51.49
Max Healthcare Institute Ltd.	Hospital	8.95	20.7	2.84%	-0.62%	5.36% (Jul 2025)	0% (Nov 2024)	18.00 k	0.00	Other	51.49
Bajaj Finance Ltd.	Non banking financial company (nbfc)	6.18	19.8	2.72%	-0.55%	4.45% (Jun 2025)	0% (Nov 2024)	19.00 k	0.00	Other	51.49
Healthcare Global Enterprises Ltd.	Hospital	8.95	18.7	2.57%	-0.20%	2.77% (Sep 2025)	0% (Nov 2024)	25.00 k	0.00	Small Cap	24.13
Affle India Ltd.	It enabled services	4.55	18.5	2.55%	-0.67%	4.79% (Jun 2025)	0% (Nov 2024)	9.60 k	0.00	Other	51.49
Swiggy Ltd.	E-retail/ e-commerce	5.6	18.5	2.54%	0.71%	2.54% (Oct 2025)	0% (Nov 2024)	45.00 k	20.00 k	Other	51.49
Zensar Technologies Ltd.	Computers - software & consulting	9.31	17.8	2.44%	-0.32%	4.42% (Jun 2025)	0% (Nov 2024)	22.25 k	1.25 k	Small Cap	24.13
InterGlobe Aviation Ltd.	Airline	2.4	17.4	2.40%	-0.59%	4.63% (Jun 2025)	0% (Nov 2024)	3.10 k	0.00	Large Cap	2.4
Jain Resource Recycling Ltd.	Diversified metals	2.29	16.6	2.29%	0.56%	2.29% (Oct 2025)	0% (Nov 2024)	43.07 k	0.00	Other	51.49
KFIN Technologies Ltd.	Financial technology (fintech)	6.53	16.5	2.27%	-1.07%	4.71% (Jun 2025)	0% (Nov 2024)	15.04 k	-3.37 k	Other	51.49
# Solarworld Energy Solutions Ltd.	Civil construction	2.25	16.4	2.25%	2.25%	2.25% (Oct 2025)	0% (Nov 2024)	51.40 k	51.40 k	Other	51.49
# Yatra Online Ltd.	Tour, travel related services	2.14	15.6	2.14%	2.14%	2.14% (Oct 2025)	0% (Nov 2024)	1.07 L	1.07 L	Other	51.49
Religare Enterprises Ltd.	Investment company	5.39	15.3	2.10%	-0.41%	2.51% (Sep 2025)	0% (Nov 2024)	58.00 k	0.00	Small Cap	24.13
Magma Fincorp Ltd.	Non banking financial company (nbfc)	6.18	14.9	2.05%	-0.61%	3.13% (Jul 2025)	0% (Nov 2024)	31.00 k	0.00	Small Cap	24.13
Hexaware Technologies Ltd.	Computers - software & consulting	9.31	14.7	2.02%	-0.45%	4.55% (Jun 2025)	0% (Nov 2024)	21.40 k	0.00	Other	51.49
# Euro Pratik Sales Ltd.	Furniture, home furnishing	2.02	14.7	2.02%	2.02%	2.02% (Oct 2025)	0% (Nov 2024)	46.16 k	46.16 k	Other	51.49
Zaggle Prepaid Ocean Service Pvt Ltd.	It enabled services	4.55	14.5	2.00%	-0.33%	4.02% (Jun 2025)	0% (Nov 2024)	39.00 k	0.00	Other	51.49
# Mastek Ltd.	Computers - software & consulting	9.31	13.6	1.87%	1.87%	1.87% (Oct 2025)	0% (Nov 2024)	6.34 k	6.34 k	Small Cap	24.13
Cholamandalam Financial Holdings Ltd.	Investment company	5.39	13.4	1.84%	-0.43%	4.87% (Jun 2025)	0% (Nov 2024)	7.00 k	0.00	Small Cap	24.13
Bharti Hexacom Ltd.	Telecom - equipment & accessories	1.6	11.7	1.60%	-1.26%	4.88% (Jun 2025)	0% (Nov 2024)	6.26 k	-3.74 k	Other	51.49
Aditya Vision Ltd.	Speciality retail	1.54	11.2	1.54%	-0.02%	1.56% (Sep 2025)	0% (Nov 2024)	19.48 k	3.35 k	Other	51.49
JM Financial Ltd.	Investment company	5.39	10.5	1.45%	-0.32%	2.07% (Aug 2025)	0% (Nov 2024)	64.25 k	0.00	Small Cap	24.13
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	6.18	10.2	1.41%	-0.30%	1.71% (Sep 2025)	0% (Nov 2024)	3.22 k	0.00	Mid Cap	12.07
# Wework India Management Ltd.	Diversified commercial services	1.37	10	1.37%	1.37%	1.37% (Oct 2025)	0% (Nov 2024)	15.43 k	15.43 k	Other	51.49
VA Tech Wabag Ltd.	Water supply & management	1.36	9.9	1.36%	-0.37%	1.73% (Sep 2025)	0% (Nov 2024)	6.98 k	0.00	Small Cap	24.13
Mahindra Logistics Ltd.	Logistics solution provider	1.34	9.7	1.34%	-0.29%	1.82% (Aug 2025)	0% (Nov 2024)	27.50 k	0.00	Small Cap	24.13
Ola Electric Mobility Ltd.	2/3 wheelers		4.4	0.00%	-0.76%	-	-	-	-	Other	51.49
Aditya Infotech Ltd.	Industrial products		18.1	0.00%	-3.13%	-	-	-	-	Other	51.49
PB Fintech Ltd.	Financial technology (fintech)	6.53	19.1	0.00%	-3.29%	-	-	-	-	Other	51.49
Cummins India Ltd.	Compressors, pumps & diesel engines		13.8	0.00%	-2.38%	-	-	-	-	Mid Cap	12.07
Asahi India Glass Ltd.	Auto components & equipments		15.2	0.00%	-2.62%	-	-	-	-	Small Cap	24.13

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Euro Pratik Sales Ltd.	Furniture, home furnishing	14.7	2.02%	2.02%	2.02% (Oct 2025)	0% (Nov 2024)	46.16 k	46161
# Wework India Management Ltd.	Diversified commercial services	10	1.37%	1.37%	1.37% (Oct 2025)	0% (Nov 2024)	15.43 k	15433
# LG Electronics India Pvt. Ltd.	Consumer electronics	28.5	3.91%	3.91%	3.91% (Oct 2025)	0% (Nov 2024)	17.11 k	17109
# Solarworld Energy Solutions Ltd.	Civil construction	16.4	2.25%	2.25%	2.25% (Oct 2025)	0% (Nov 2024)	51.40 k	51401
# TREPS	Other	57.8	7.94%	7.94%	0% (Nov 2025)	0% (Nov 2025)	5.78 L	578000
# IDFC First Bank Ltd.	Private sector bank	26.9	3.70%	3.70%	3.7% (Oct 2025)	0% (Nov 2024)	3.29 L	328889
# Yatra Online Ltd.	Tour, travel related services	15.6	2.14%	2.14%	2.14% (Oct 2025)	0% (Nov 2024)	1.07 L	106669
# Mastek Ltd.	Computers - software & consulting	13.6	1.87%	1.87%	1.87% (Oct 2025)	0% (Nov 2024)	6.34 k	6344

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Ola Electric Mobility Ltd.	2/3 wheelers	4.4	0.00%	-0.76%	0.76% (Sep 2025)	0% (Nov 2024)	-77924
Aditya Infotech Ltd.	Industrial products	18.1	0.00%	-3.13%	7.25% (Aug 2025)	0% (Nov 2024)	-13750
PB Fintech Ltd.	Financial technology (fintech)	19.1	0.00%	-3.29%	4.85% (Jul 2025)	0% (Nov 2024)	-11200
Cummins India Ltd.	Compressors, pumps & diesel engines	13.8	0.00%	-2.38%	2.38% (Sep 2025)	0% (Nov 2024)	-3518
Asahi India Glass Ltd.	Auto components & equipments	15.2	0.00%	-2.62%	2.62% (Sep 2025)	0% (Nov 2024)	-17756

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Aditya Infotech Ltd.	-	3.13%	7.25%	4.44%	-	-	-	-	-	-	-	-	-
One 97 Communications Ltd.	4.26%	4.61%	4.66%	4.82%	4.27%	-	-	-	-	-	-	-	-
Aster DM Healthcare Ltd.	3.54%	4.11%	4.77%	5.50%	4.69%	-	-	-	-	-	-	-	-
Eternal Ltd.	3.06%	3.93%	4.59%	5.15%	4.62%	-	-	-	-	-	-	-	-
PB Fintech Ltd.	-	3.29%	4.14%	4.85%	4.47%	-	-	-	-	-	-	-	-
Max Healthcare Institute Ltd.	2.84%	3.46%	4.34%	5.36%	4.78%	-	-	-	-	-	-	-	-
BSE Ltd.	-	-	-	-	4.15%	-	-	-	-	-	-	-	-
Multi Commodity Exchange Of India Ltd.	3.57%	3.77%	3.39%	4.05%	4.92%	-	-	-	-	-	-	-	-
LG Electronics India Pvt. Ltd.	3.91%	-	-	-	-	-	-	-	-	-	-	-	-
Indian Hotels Company Limited	3.02%	3.68%	3.72%	4.16%	4.46%	-	-	-	-	-	-	-	-
Affle India Ltd.	2.55%	3.22%	3.82%	4.50%	4.79%	-	-	-	-	-	-	-	-
C.E. Info Systems Ltd.	3.79%	3.45%	3.19%	4.01%	4.09%	-	-	-	-	-	-	-	-
IDFC First Bank Ltd.	3.70%	-	-	-	-	-	-	-	-	-	-	-	-
InterGlobe Aviation Ltd.	2.40%	2.99%	3.65%	4.38%	4.63%	-	-	-	-	-	-	-	-
Bajaj Finance Ltd.	2.72%	3.27%	3.48%	4.00%	4.45%	-	-	-	-	-	-	-	-