Motilal Oswal Midcap Fund has released its portfolio update for October 2025, showing a cautious yet selective investment approach amid market volatility. The fund currently holds 15 stocks with an Assets Under Management (AUM) of ₹37,501 crore.
A notable trend in the latest portfolio is the sharp rise in cash holdings. The fund’s cash position has increased from 2.61% in August to 8.99% in September, and further to 12.77% in October. This reflects a defensive strategy, possibly indicating the fund manager’s cautious outlook on near-term market conditions.
Among stock holdings, the fund has marginally increased its exposure in select midcap names while maintaining steady positions in others.
Key Additions and Increases:
Aditya Birla Capital Limited: Holding rose from 3.75 million shares in September to 4.01 million in October, a 6.71% increase, now making up 3.46% of the AUM.
Kaynes Technology India Limited: Increased by 6.38% from 2.35 million to 2.5 million shares, representing 4.47% of AUM.
Bharti Hexacom Limited: Saw a 3.7% rise from 6.75 lakh to 7 lakh shares, accounting for 3.47% of AUM.
Dixon Technologies: Slight rise of 3.07%, from 2.03 million to 2.1 million shares, contributing 8.68% to AUM.
Stocks with No Change in Holdings:
Several major midcap names retained stable positions, including:
Eternal Limited (8.47% of AUM), KEI Industries (4.3%), Kalyan Jewellers India (8.1%), Max Healthcare Institute (1.61%), One 97 Communications (Paytm) (8.69%), Persistent Systems (9.47%), Prestige Estates Projects (2.56%), Trent Limited (6.62%), and Tube Investments of India (2.82%).
Reductions and Exits:
A few positions saw reductions or complete exits:
Coforge Limited: Marginal reduction of 0.5%, from 1.97 million to 1.96 million shares (9.32% of AUM).
Polycab India Limited: Major trimming by 15.12%, from 3.15 million to 2.67 million shares, now accounting for 5.49% of AUM.
Hitachi Energy India Limited and Supreme Industries Limited: Fully exited from the portfolio, with holdings reduced to zero.
The overall allocation pattern suggests that Motilal Oswal Midcap Fund is focusing on selective accumulation in high-conviction midcap ideas while maintaining significant liquidity through increased cash positions. The fund’s approach signals prudence amid ongoing market uncertainty and potential valuation corrections across midcap segments.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors before making investment decisions.
