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Motilal Oswal Contra Fund

An open-ended equity scheme following contrarian investment strategy.

Regular | Growth

Return

3 years

6.08%

Nav

12.59

  • fundIcon:/content/dam/motilal-mf/fund-icons/ic_MO_Contra_Fund.svg

  • nfoReopenDate:04-Jun-2026

  • schDetail:

    • nfoEndDate: 22-May-2026

    • nfoStartDate: 08-May-2026

    • dateOfAllotment: 2026-05-29

    • exitLoad:

      If redeemed within 365 days from the day of allotment. – 1%.

      If redeemed after 365 days from the date of allotment. - Nil

      Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load  shall be imposed for switching between Options within the Scheme. Further, it is  clarified that there will be no exit load charged on a switch- out amongst the plans  within the same scheme.

    • sebiCategory: Equity Fund

    • schemeName: Motilal Oswal Contra Fund

    • cmotsGroupCode: MO46476

    • fundCategoryCode: MF

    • schcode: CT

  • fundsTaggingSection:

    • 0: motilal-oswal-amc:nfo
    • 1: motilal-oswal-amc:indian-equity-

  • planList:

    • 0:

      • groupedCode: GDG
      • planNameOriginal: Direct Growth
      • planCode: GD
      • sixth_char_name: D
      • optionName: Growth
      • groupedName: Direct Growth
      • planName: Direct
      • optionCode: G
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-growth

    • 1:

      • groupedCode: PDD
      • planNameOriginal: Direct Payout
      • planCode: PD
      • sixth_char_name: D
      • optionName: IDCW Payout
      • groupedName: Direct IDCW Payout
      • planName: Direct
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw-dividend-payout

    • 2:

      • groupedCode: PDR
      • planNameOriginal: Direct Reinvestment
      • planCode: PD
      • sixth_char_name: D
      • optionName: IDCW Reinvestment
      • groupedName: Direct IDCW Reinvestment
      • planName: Direct
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw--dividend-reinvestment

    • 3:

      • groupedCode: GPG
      • planNameOriginal: Regular Growth
      • planCode: GP
      • sixth_char_name: R
      • optionName: Growth
      • groupedName: Regular-Growth
      • planName: Regular
      • optionCode: G
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-growth

    • 4:

      • groupedCode: DPD
      • planNameOriginal: Regular Payout
      • planCode: DP
      • sixth_char_name: R
      • optionName: IDCW Payout
      • groupedName: Regular IDCW Payout
      • planName: Regular
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw-dividend-payout

    • 5:

      • groupedCode: DPR
      • planNameOriginal: Regular Reinvestment
      • planCode: DP
      • sixth_char_name: R
      • optionName: IDCW Reinvestment
      • groupedName: Regular IDCW Reinvestment
      • planName: Regular
      • optionCode: R
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw--reinvestment
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What is Contra Investing?

Contrarian Investing goes against market trends. 
Investors invest in opposite direction, identifying investments which are out of market favour.

Distinctive High-Conviction Portfolios — Built on Hi-Quality, Hi-Growth, and Strong Earnings Potential.

Long Term Focus with efficient High Risk- Reward Ratio.

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Why Contra Fund?

Think you’re diversified? Think again.

Across the industry, just ~50 stocks make up 55% of ₹50 lakh crore+ equity assets.

So even if you own multiple mutual funds… chances are, you’re still invested in the same few stocks.

The result?

Not real diversification — just repetition in different forms.

This fund helps you go beyond the usual 50 stocks most portfolios are stuck in.

Source: AMFI
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Why Motilal Oswal Contra Fund?

Themes, Sectors & Stocks

Out of Market Favour but with turnaround potential

Underrepresented in mainstream funds by MOAMC

Companies with

Turnaround potential or with a rerating potential

Available at discount to intrinsic/fundamental value

Focus on

Operating Cash Flows
Quality Stocks less owned by Institutional Owners
De-Rated Growth Companies

Cyclical Segments, expected to see a upcycle

Valuation re-rating Opportunities

Source: MO AMC Internal. The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy.

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Source: MO AMC Internal. Disclaimer: The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future and future returns are not guaranteed and a loss of original capital may occur. ~based on current fund manager strategy.... Read Less

Source: MO AMC Internal. Disclaimer: The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future and future returns are not guaranteed and a loss of original capital may occur. ~based on current fund manager strategy.... Read Less

Source: MO AMC Internal. Disclaimer: The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future and future returns are not guaranteed and a loss of original capital may occur. ~based on current fund manager strategy.... Read Less

Source: MO AMC Internal. Disclaimer: The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future and future returns are not guaranteed and a loss of original capital may occur. ~based on current fund manager strategy.... Read Less

Source: MO AMC Internal. Disclaimer: The above graph/sector is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future and future returns are not guaranteed and a loss of original capital may occur. ~based on current fund manager strategy.... Read Less

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Historical Performance

CAGR

planList:

  • 0:

    • groupedCode: GDG
    • planNameOriginal: Direct Growth
    • planCode: GD
    • sixth_char_name: D
    • optionName: Growth
    • groupedName: Direct Growth
    • planName: Direct
    • optionCode: G
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-growth

  • 1:

    • groupedCode: PDD
    • planNameOriginal: Direct Payout
    • planCode: PD
    • sixth_char_name: D
    • optionName: IDCW Payout
    • groupedName: Direct IDCW Payout
    • planName: Direct
    • optionCode: D
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw-dividend-payout

  • 2:

    • groupedCode: PDR
    • planNameOriginal: Direct Reinvestment
    • planCode: PD
    • sixth_char_name: D
    • optionName: IDCW Reinvestment
    • groupedName: Direct IDCW Reinvestment
    • planName: Direct
    • optionCode: D
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw--dividend-reinvestment

  • 3:

    • groupedCode: GPG
    • planNameOriginal: Regular Growth
    • planCode: GP
    • sixth_char_name: R
    • optionName: Growth
    • groupedName: Regular-Growth
    • planName: Regular
    • optionCode: G
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-growth

  • 4:

    • groupedCode: DPD
    • planNameOriginal: Regular Payout
    • planCode: DP
    • sixth_char_name: R
    • optionName: IDCW Payout
    • groupedName: Regular IDCW Payout
    • planName: Regular
    • optionCode: D
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw-dividend-payout

  • 5:

    • groupedCode: DPR
    • planNameOriginal: Regular Reinvestment
    • planCode: DP
    • sixth_char_name: R
    • optionName: IDCW Reinvestment
    • groupedName: Regular IDCW Reinvestment
    • planName: Regular
    • optionCode: R
    • schDetail:
      • fundCategoryCode:
    • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw--reinvestment
  • bmCode: 2009
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Tracking Difference

Data as on 27 Feb 2026

Scheme Inception Date -29-09-2023.
Performance is based on Compounded Annualised returns
Tracking Difference shall be disclosed only if the Scheme has completed 1 year
period
Tracking Difference is the difference in the performance between Scheme and its Benchmark

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Periodic Returns

Data as on

CAGR
Current value of Investment of ₹10,000
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Past Performance Calculator

Explore how much wealth you would have created by investing in our schemes using this SIP Calculator

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Motilal Oswal Mid cap fund

SIP

Lumpsum

If you would have invested monthly

If you would have invested

10000

Tenure

10

Invested Amount

1200000

Current Value of Investment

2500000

Return (CAGR)

18

Start SIP

View other calculators

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Disclaimer:

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Why this fund?

Expertise

Backed by a decade of financial expertise, we focus on long-term wealth creation through early investment in promising midcaps.

High Conviction

A focused portfolio of ~35 high-conviction midcap stocks, carefully selected for their unique potential.

Disclaimer: The investment objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity.

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Portfolio Composition

Download

Sector Holdings
Stock Holdings

Industry Classification as recommended by AMFI

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    1. Key Facts

    2. Launched on 06 Feb 2024

Investment Objective

  • investmentObjective:

    To achieve long term capital appreciation by predominantly investing in equity and equity related instruments through contrarian strategy.
    However, there is no assurance that the investment objective of the scheme will be realized.

  • applicationAmount:

    During NFO and on Continuous Basis: For Lumpsum: ₹500/- and in multiple of ₹1/- thereafter

  • redemptionAmont: ₹500/- and multiple of ₹1/- thereafter

  • exitLoad:

    If redeemed within 365 days from the day of allotment. – 1%.

    If redeemed after 365 days from the date of allotment. - Nil

    Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load  shall be imposed for switching between Options within the Scheme. Further, it is  clarified that there will be no exit load charged on a switch- out amongst the plans  within the same scheme.

  • portfolioTurnoverRatio: NIL

  • planList:

    • 0:

      • groupedCode: GDG
      • planNameOriginal: Direct Growth
      • planCode: GD
      • sixth_char_name: D
      • optionName: Growth
      • groupedName: Direct Growth
      • planName: Direct
      • optionCode: G
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-growth

    • 1:

      • groupedCode: PDD
      • planNameOriginal: Direct Payout
      • planCode: PD
      • sixth_char_name: D
      • optionName: IDCW Payout
      • groupedName: Direct IDCW Payout
      • planName: Direct
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw-dividend-payout

    • 2:

      • groupedCode: PDR
      • planNameOriginal: Direct Reinvestment
      • planCode: PD
      • sixth_char_name: D
      • optionName: IDCW Reinvestment
      • groupedName: Direct IDCW Reinvestment
      • planName: Direct
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/direct-idcw--dividend-reinvestment

    • 3:

      • groupedCode: GPG
      • planNameOriginal: Regular Growth
      • planCode: GP
      • sixth_char_name: R
      • optionName: Growth
      • groupedName: Regular-Growth
      • planName: Regular
      • optionCode: G
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-growth

    • 4:

      • groupedCode: DPD
      • planNameOriginal: Regular Payout
      • planCode: DP
      • sixth_char_name: R
      • optionName: IDCW Payout
      • groupedName: Regular IDCW Payout
      • planName: Regular
      • optionCode: D
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw-dividend-payout

    • 5:

      • groupedCode: DPR
      • planNameOriginal: Regular Reinvestment
      • planCode: DP
      • sixth_char_name: R
      • optionName: IDCW Reinvestment
      • groupedName: Regular IDCW Reinvestment
      • planName: Regular
      • optionCode: R
      • schDetail:
        • fundCategoryCode:
      • cfReferencePath: /content/dam/motilal-mf/content-fragment/plan-code-model-fragment/regular-idcw--reinvestment

  • benchmark: Nifty 500 Total Return Index

  • expenseRatioDirect: NIL

Minimum Application Amount

₹500/- and in multiples of ₹1/- thereafter

Minimum Redemption Amount

₹500/- then ₹1/- increments, up to account balance

Latest AUM

Portfolio Turnover Ratio

NIL

Plans

Direct,Regular

Options (Under each plan)

Growth

Benchmark

Nifty 500 Total Return Index

Total Expense Ratio

NIL

Inception date

Entry Load

Exit Load Policy

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Our Fund Managers

Managing this fund since

Total AUM

  • schDetail

    • nfoEndDate: 22-May-2026

    • nfoStartDate: 08-May-2026

    • dateOfAllotment: 2026-05-29

    • exitLoad:

      If redeemed within 365 days from the day of allotment. – 1%.

      If redeemed after 365 days from the date of allotment. - Nil

      Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load  shall be imposed for switching between Options within the Scheme. Further, it is  clarified that there will be no exit load charged on a switch- out amongst the plans  within the same scheme.

    • sebiCategory: Equity Fund

    • schemeName: Motilal Oswal Contra Fund

    • cmotsGroupCode: MO46476

    • fundCategoryCode: MF

    • schcode: CT

  • fundManager:

    • 0:

      • dropdownField: MF

      • designation: Fund Manager

      • description:

        Mr. Ankit Agarwal brings over two decades of rich experience in the financial industry, spanning asset management, portfolio construction, equity research, and capital markets. His career reflects a deep understanding of global investment dynamics and a consistent track record of delivering strategic insights. He began his journey with UTI Asset Management Company, where he specialized in equity research across diverse sectors including healthcare, telecom, technology, and midcaps. His analytical rigor and sectoral expertise contributed significantly to investment decisions and fund performance. Mr. Agarwal further honed his skills at Barclays Wealth, where he provided tailored investment research and strategic advice to high-net-worth individuals, aligning portfolios with market trends and client goals. His global exposure includes pivotal roles at Lehman Brothers in London, BNP Paribas in Hong Kong, and D. E. Shaw, where he worked on proprietary trading systems. These international stints enriched his perspective on cross-border markets and advanced financial instruments. With a blend of domestic and international experience, Mr. Agarwal stands out as a seasoned professional with a nuanced approach to investment strategy and market analysis.

      • fundManagerName: Mr. Ankit Agarwal

      • picture: /content/dam/motilal-mf/fund-manager/mr-aliasgar-shakir.png

      • cfReferencePath: /content/dam/motilal-mf/content-fragment/fund-manager/ankit-agarwal

    • 1:

      • dropdownField: MF

      • picture: /content/dam/motilal-mf/fund-manager/mr-varun-sharma.png

      • type: MF

      • designation: Executive Group Vice President

      • description:

        Mr. Varun Sharma, holds a PGDM from the Indian Institute of Management – Kolkata. He boasts an impressive career with over 15 years of extensive experience in Investment Management. Mr. Sharma’s professional journey includes significant tenures at esteemed organizations such as ICICI Securities and Franklin Templeton Asset Management Company. Prior to his current role at MOAMC, Mr. Sharma dedicated more than a decade to Franklin Templeton as a Fund Manager.

      • fundManagerName: Varun Sharma

      • cfReferencePath: /content/dam/motilal-mf/content-fragment/fund-manager/varun-sharma

    • 2:

      • dropdownField: MF

      • picture: /content/dam/motilal-mf/fund-manager/mr-bhalchandra-shinde.png

      • type: MF

      • designation: Associate Fund Manager

      • description:

        Mr. Bhalchandra Shinde has over 13 years of extensive experience in equity research, a testament to his professional journey marked by significant expertise and contributions to the field. Before assuming his current role at MOAMC, Mr. Shinde dedicated three years to Kotak Mahindra Life Insurance as an Investment Analyst, where he oversaw research across various sectors, including Auto, Oil and Gas, and Real Estate. His career also includes notable associations with Max Life Insurance and Centrum Broking, further underscoring his commitment and impact on the field of equity research.

      • fundManagerName: Bhalchandra Shinde

      • cfReferencePath: /content/dam/motilal-mf/content-fragment/fund-manager/bhalchandra-shinde

    • 3:

      • dropdownField: MF

      • picture: /content/dam/motilal-mf/fund-manager/mr-rakesh-shetty.png

      • type: MF

      • designation: Fund Manager/Dealer

      • description:

        Mr. Rakesh Shetty has more than 13 years of overall experience and expertise in trading in equity, debt segment, Exchange Trade Fund’s management, Corporate Treasury and Banking. Prior to joining Motilal Oswal Asset Management Company Limited, 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.

      • fundManagerName: Rakesh Shetty

      • cfReferencePath: /content/dam/motilal-mf/content-fragment/fund-manager/rakesh-shetty

    • 4:

      • dropdownField: MF

      • picture: /content/dam/motilal-mf/fund-manager/mr-swapnil-mayekar.png

      • type: MF

      • designation: Fund Manager

      • description:

        Swapnil has over 12 years of experience in the fund management and product development.

        Motilal Oswal Asset Management Company Ltd. from March 2010 onwards.

        Business Standard, Research Associate from August 2005 to February 2010.

      • fundManagerName: Swapnil Mayekar

      • cfReferencePath: /content/dam/motilal-mf/content-fragment/fund-manager/swapnil-mayekar

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Downloads

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Frequently Asked Questions

What is Motilal Oswal Contra Fund?

Motilal Oswal Contra Fund is an open-ended equity scheme following contrarian investment strategy. It is suitable for investors who are seeking long-term capital appreciation by investing predominantly in equity and equity related instruments contrarian strategy.

What is the investment objective of Motilal Oswal Contra Fund?

The investment objective of the scheme is to achieve long-term capital appreciation by predominantly investing in equity and equity related instruments using a contrarian investment strategy.

However, there is no assurance or guarantee that the investment objective of the scheme will be realized.

What level of risk is associated with this fund?

As the scheme predominantly invests in equities or equity related investments, it is classified under the Very High-Risk category as per the scheme risk-o-meter.

Investors should therefore be comfortable with equity market volatility and potential fluctuations in returns over the short term.

Can investors invest through SIP in Motilal Oswal Contra Fund?

Yes, investments can be made through Systematic Investment Plans (SIP) as well as lump sum investments.

What is the exit load structure of Motilal Oswal Contra Fund?

If redeemed within 365 days from the day of allotment. – 1%.
If redeemed after 365 days from the date of allotment. - Nil
Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load shall be imposed for switching between Options within the Scheme. Further, it is clarified that there will be no exit load charged on a switch- out amongst the plans within the same scheme.

The product is suitable for?

This scheme is suitable for investors who:
• Seek long-term capital appreciation
• Want exposure to equity markets through a contrarian strategy
• Have a higher risk appetite

What is the benchmark of Motilal Oswal Contra Fund?

The benchmark is the Nifty 500 Total Return Index.

Can I invest after the NFO period of Motilal Oswal Contra Fund (NFO)?

Yes, being an open-ended scheme, investments can be made even after the NFO period.

What is the lock-in period, if any?

This is an open-ended scheme. Hence, the same is not applicable.

How do I invest in Motilal Oswal Contra Fund (NFO)?

Through our website/app/registered distributors.

What is the minimum investment amount for Motilal Oswal Contra Fund (NFO)?

The minimum investment amount is ₹500 for lump sum investments and in multiples of ₹1 thereafter. For details on Systematic Investment Plan (SIP) options and available frequencies, please visit https://www.motilaloswalmf.com/

Can I invest online in Motilal Oswal Contra Fund (NFO)?

Yes.

What NAV will I get, if I invest in NFO period of Motilal Oswal Contra Fund?

₹ 10 per unit

Who is the fund manager for Motilal Oswal Contra Fund (NFO)?

The fund will be managed by an experienced investment team at the Fund house:
Equity Component: Ankit Agarwal, Varun Sharma, Bhalchandra Shinde
Debt Component: Rakesh Shetty
Overseas Component: Swapnil Mayekar

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Scheme Risk- O-Meter
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This product is suitable for investors who are seeking*

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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