Motilal Oswal Midcap Fund has released its portfolio disclosure for November, offering fresh insights into the fund’s positioning, stock-level changes, and cash allocation strategy amid evolving market conditions.

As of November, the fund is holding a total of 19 stocks in its portfolio. The total assets under management (AUM) of the scheme stand at approximately ₹38,000 crore, highlighting its significance among midcap-focused mutual funds in India.

One of the key takeaways from the November portfolio is the movement in cash holdings. The fund’s cash and arbitrage exposure has seen noticeable fluctuations over the past three months. Cash holding stood at 8.99 percent in September, increased sharply to 12.77 percent in October, and then declined to 8.32 percent in November. This reduction in cash levels suggests selective deployment of capital into equities after a cautious stance in October.

Portfolio additions and fresh entries

In November, the fund added several new stocks to its portfolio. PB Fintech Limited, Bharti Airtel Limited, BSE Limited, and L&T Finance Limited appeared as fresh inclusions, with zero holdings in October and meaningful allocations in November. Bharti Airtel emerged as a notable new position with a 5.25 percent share of AUM, while BSE Limited accounted for 3.83 percent and L&T Finance Limited for 2.88 percent of the portfolio. PB Fintech, though smaller in allocation, also marked a new bet by the fund manager.

Increase in existing holdings

The fund increased its exposure in select existing stocks during November. Aditya Birla Capital Limited saw its holding rise from 4.00 crore shares in October to 4.75 crore shares in November, reflecting an increase of 18.7 percent. Eternal Limited witnessed a 10 percent increase in holdings, while Bharti Hexacom Limited recorded a 7.14 percent rise. Coforge Limited also saw a marginal increase of 0.51 percent. These incremental additions indicate continued conviction in specific financial and technology-focused businesses.

Stable core holdings

Several stocks remained unchanged in terms of shareholding between October and November, suggesting a stable core portfolio. These include Prestige Estates Projects, Persistent Systems Limited, Tube Investments of India, Max Healthcare Institute, KEI Industries Limited, and Dixon Technologies. Persistent Systems continues to be one of the largest positions in the portfolio with over 10 percent of AUM, reflecting long-term confidence in the company’s growth prospects.

Reduction and partial exits

On the reduction side, the fund trimmed its exposure to Polycab India Limited, One 97 Communications, Kaynes Technology India, and Trent Limited. Kaynes Technology saw a sharp 50 percent reduction in holdings, while Trent Limited experienced the steepest cut of over 68 percent. One 97 Communications also witnessed a double-digit reduction of around 10 percent. These cuts suggest profit booking or a reassessment of near-term growth expectations in select consumption and technology-related names.

Overall portfolio strategy

The November portfolio of Motilal Oswal Midcap Fund reflects a balanced approach, combining fresh additions, selective increases, and meaningful trimming of certain positions. The reduction in cash holdings compared to October indicates cautious re-entry into equities while maintaining flexibility. With 19 stocks and a sizable AUM of ₹38,000 crore, the fund continues to follow a concentrated, high-conviction strategy focused on midcap growth opportunities.

Disclaimer: This article is for informational and educational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities or mutual fund schemes. Investors should consult a qualified financial advisor and consider their risk profile before making any investment decisions.

Disclaimer
This content is published solely for informational and educational purposes. It should not be construed as investment advice, financial guidance, or a recommendation to buy or sell any mutual fund scheme or individual stock. Mutual fund investments are subject to market risks. Past performance is not indicative of future results. Investors are advised to read scheme-related documents carefully and consult a certified financial advisor before making any investment decisions.