May 11, 2026
RA Jainee
Motilal Oswal Digital India Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.21 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 9.21 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | BSE Teck TRI |
| AUM Rs. | 655 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.04% |
| 1 Year Return (%) | -3.49 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -9.10% |
⚖️ Sahifund Review – Motilal Oswal Digital India Fund ✔
PLUS: Motilal Oswal Mutual Fund brings strong thematic expertise and aggressive growth-oriented positioning to the digital and technology space. The fund has managed to outperform both the BSE IT TRI benchmark and category average in several recent periods despite sharp correction pressure in technology stocks. Its diversified exposure across digital, telecom, internet, software and e-commerce segments makes it relevant for investors seeking long-term participation in India’s digital transformation story. The portfolio carries strong mid-cap and emerging tech exposure, which can generate superior alpha during favourable technology cycles. SIP investing may help investors gradually accumulate units during volatile correction phases in the IT and digital sector.
MINUS: The fund is still very new with limited operating history, making long-term consistency assessment difficult at this stage. Return since launch remains negative, while the technology sector itself continues to face global uncertainty due to weak IT spending and valuation correction. Portfolio concentration risk is elevated with top 10 holdings above 58% and top three sectors above 91%, making the scheme highly dependent on sector momentum. The fund also carries very high small-cap exposure above 63%, which can sharply increase volatility during market corrections. Turnover ratio near 91% indicates aggressive portfolio activity, while sectoral funds generally remain vulnerable to prolonged underperformance cycles if technology sentiment weakens globally.
Sahifund View (Decisive Line): Motilal Oswal Digital India Fund may suit aggressive long-term SIP investors bullish on India’s digital and technology growth story, but conservative investors should be prepared for sharp volatility and sector-specific risk.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Technology funds in our opinion, because:
• They have a narrow focus on only information technology companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long term growth of capital by predominantly investing in digital and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other companies engaged in or leveraging digitisation.
Fund Manager:
1) Atul Mehra
Education: Mr. Mehra has done B.Com, Master’s Degree in Accounting and CFA
Experience: Prior to joining Motilal Oswal Mutual Fund, he has worked with Edelweiss Capital Ltd
2) Varun Sharma
Education: Mr. Sharma is a Bachelor in Business Studies from Sukhdev College of Business Studies, University of Delhi and holds a Post Graduate Diploma in Management from IIM – Calcutta.
Experience: Prior to joining Motilal Oswal Asset management, he has worked with Franklin Templeton Asset Management (India) Pvt. Ltd. ICICI Securities (Feb 2010 – August 2014) as an Equity research Analyst and Credit Analysis and Research Limited (Apr 2009 – Feb 2010) as a Ratings Analyst.
3) Rakesh Shetty
Education: Mr. Shetty has done B.Com
Experience: Prior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
Basic Details of Motilal Oswal Digital India Fund
| Fund House | Motilal Oswal Mutual Fund |
| Launch Date | 04-Nov-24 |
| Return Since Launch | -9.10% |
| Benchmark | BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 655 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.04% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 91.00% |
Motilal Oswal Digital India Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Motilal Oswal Digital India Dir | -17.55 | -0.26 | 10.41 | -12.43 | -19.20 | -3.49 | — | — | — | — |
| BSE IT TRI | -23.40 | -0.78 | -1.25 | -24.57 | -19.90 | -17.65 | — | — | — | — |
| Equity: Sectoral-Technology | -18.85 | -0.29 | 2.89 | -17.92 | -16.96 | -9.09 | — | — | — | — |
| Rank within category | 7 | 10 | 2 | 4 | 20 | 4 | — | — | — | — |
| Number of funds in category | 21 | 22 | 22 | 21 | 21 | 20 | 7 | 5 | 5 | 5 |
Peer Comparison of Motilal Oswal Digital India Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Motilal Oswal Digital India Dir | Unrated | -3.49 | — | — | 1.04 | 655 | -9.10 | 1.00 (90) | 1Y 5M | 91.00 |
| ICICI Pru Technology Dir | Unrated | -8.49 | 10.28 | 9.83 | 1.03 | 12,575 | 18.57 | 1.00 (15) | 13Y 3M | 55.00 |
| Tata Digital India Dir | Unrated | -11.05 | 9.51 | 9.52 | 0.56 | 9,239 | 15.81 | 0.25 (30) | 10Y 4M | 23.34 |
| SBI Technology Opportunities Dir | Unrated | -4.44 | 11.90 | 12.21 | 0.94 | 4,027 | 18.21 | 0.50 (15) | 13Y 3M | 27.00 |
| ABSL Digital India Dir | Unrated | -8.54 | 8.60 | 8.83 | 0.84 | 3,590 | 17.82 | 1.00 (30) | 13Y 3M | 47.00 |
Portfolio Analysis of Motilal Oswal Digital India Fund
| No. of Stocks | 24 |
| Top 10 Stocks | 58.58% |
| Top 5 Stocks | 33.79% |
| Top 3 Sectors | 91.74% |
| Portfolio P/B Ratio | 3.79 |
| Portfolio P/E Ratio | 29.30 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 18,304 | 2,24,251 |
| Giant (%) | — | — |
| Large (%) | 5.97 | 68.13 |
| Mid (%) | 30.60 | 21.36 |
| Small (%) | 63.43 | 21.67 |
| Tiny (%) | — | — |
Apply Online: https://www.motilaloswalmf.com/mutualfund/login OR https://www.motilaloswalmf.com/mutual-funds
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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