Motilal Oswal Large and Midcap Fund Direct Growth NAV Rises to ₹41.4695 on 23 September; 3-Year CAGR at 22.94%

Key Takeaways

• Motilal Oswal Large and Midcap Fund Direct Growth recorded an NAV of ₹41.4695 on 23 September 2026. Compared with ₹41.2073 on 22 September, the calculated daily increase was approximately 0.64%. 
• The latest one-year return stood at 8.31%, whereas the three-year CAGR was considerably higher at 22.94%. The gap between the two historical periods was 14.63 percentage points. 
• Assets under management were approximately ₹20,159 crore. The recent detailed scheme snapshot placed the Direct Growth expense ratio at 0.92%, with minimum SIP and lump-sum investments of ₹500. 
• The five cited leading holdings together represented approximately 25.68% of the portfolio, leaving roughly three-quarters of the portfolio across other securities and portfolio components. 

Motilal Oswal Large and Midcap Fund Direct Growth NAV stood at ₹41.4695 on 23 September 2026. Against the exact 22 September value of ₹41.2073, that represents a calculated increase of approximately 0.64%. The fund's latest one-year return was 8.31%, and its three-year CAGR came in at 22.94%. 

The gap between those two return periods was 14.63 percentage points. A three-year CAGR is an annualised measure across a longer window and should not be read as the return generated during the latest year. Each period begins from a different NAV base and therefore captures a different market sequence. 

AUM was approximately ₹20,159 crore, and the minimum SIP amount was ₹500. Recent detailed scheme information also placed the Direct Growth expense ratio at 0.92%, with a ₹500 minimum lump-sum amount. 

The recent portfolio snapshot included One97 Communications, Eternal, Shriram Finance, PTC Industries and Multi Commodity Exchange among its leading positions. Together, those five holdings represented approximately 25.68% of the portfolio. That left roughly 74.32% distributed across the remaining securities and portfolio components. 

As a large-and-mid-cap scheme, the fund maintains meaningful exposure to both company-size segments rather than operating as a pure mid-cap or large-cap portfolio. Its 23 September NAV change was positive, and the latest three-year annualised figure was markedly higher than the one-year result. Those numbers describe separate historical periods; neither the one-day movement nor the longer CAGR determines subsequent NAV performance. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.