Investment Product Guide

August 2025|Issue 112

Know Us - Motilal Oswal Group
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Market Snapshot
 Snapshot : Economy
 Fiscal Deficit: Finance Minister Nirmala Sitharaman aims to bring 9.0 CPI Repo Rate 10 Year Gsec
India's fiscal deficit below 4.4% of GDP by FY26. The government has 8.0
7.0
lowered its fiscal deficit target to 4.8% of GDP in FY25 Revised 6.4
6.0
Estimate (RE), from the budget estimate (BE) 5.0% of GDP. Revenue 5.5
5.0
spending has been kept largely unchanged, the entire reduction in 4.0
expenditure is led by a cut in capital spending, which is lowered to 3.0

INR 10.2 tn from INR 11.1 tn. 2.0 2.1

1.0
0.0
 Rate Cut: RBI has kept repo rate unchanged to 5.50%, following a 50

Jan-22

Jul-22

Oct-22
Oct-20

Oct-24
Jul-20

Jan-21

Jul-21

Oct-21

Jan-23

Jul-23

Oct-23
Apr-21

Jan-24

Jul-24

Jan-25

Jul-25
Apr-22

Apr-23

Apr-24

Apr-25
bps reduction in June meeting. MPC decided to retain its policy
stance to "neutral“, as a 100 bps repo rate cut since Feb 2025 on the
GST COLLECTIONS (IN CR)
economy is still unfolding. JUL-25 1.96
1.85
MAY-25 2.01
 Inflation: India’s retail inflation has hit an over 6-year low of 2.1% in 2.37
MAR-25 1.96
June, lowest since January 2019, due to decline in food prices.
1.84
JAN-25 1.96
1.77
 GST Collections: Rose by 7.5% YoY to about ~INR 1.96 tn in July 2025. NOV-24 1.82
1.87
SEP-24 1.73
1.75
JUL-24 1.82

Source: Bloomberg, RBI, Mint | Data as on 31stJuly, 2025

 Snapshot : Equity Markets
 Nifty Performance: Nifty ended its four month winning streak in Nifty 50 MoM (%)

July 25, after closing above 25,000 in June 25, posting a 2.9% MoM 6.3

drop to close at 24,768. Nifty is still up 4.8% in CY25YTD. 3.9 3.5 3.1
2.3 1.7
1.1

 Corporate Earnings Q1FY26: Q1FY26 earnings have broadly been

-0.3 -0.6
in line, with the intensity of earnings cuts moderating vs. previous -2.0
-2.9
quarters even though the trend of a higher number of
-5.8 -5.9
downgrades has continued into the quarter.

Aug-24

Sep-24

May-25
Jul-24

Oct-24

Nov-24

Jan-25

Jul-25
Feb-25

Apr-25
Dec-24

Mar-25

Jun-25
 FII and DII Activity: FIIs turned net sellers in Jul’25 to USD2.9b, after
four consecutive months of inflows. DII inflows remained healthy, Index On 31st July 2025 MoM (%) YoY (%)
amounting to USD7.1b in Jul’25. FII outflows from Indian equities
Sensex 81,186 -2.9 -0.7
reached USD11b in CY25YTD vs. outflows of USD0.8b in CY24. DII
inflows into equities remained robust at USD48.6b in CY25YTD vs . Nifty 24,768 -2.9 -0.7

USD62.9b in CY24. FTSE 9,133 4.2 10.1

Dow 44,131 0.1 8.9

Nasdaq 23,218 2.4 33.7

Hang Seng 24,811 3.1 45.5

Source: Bloomberg, RBI, Mint | Data as on 30thJune, 2025

 Snapshot : Equity Markets
 Major economies end higher in Jul’25: Indonesia (+8.0%), Korea (+6.0%), Change (%) - In local currency

Taiwan (+6.0%), China (+4.0%), the UK (+4.0%), MSCI EM (+2.0%), the US 8.0
6.0 6.0
(+2.0%), Japan (+1.0%) and Germany (+1.0%) ended higher in local 4.0 4.0
currency terms. Conversely, India (-2.9%), and Brazil (-4.0%) ended lower 2.0 2.0
1.0 1.0
MoM in Jul’25.

-2.9
-4.0
 Nifty’s valuation: With the current rally, Nifty-50 trades at a P/E of 22x,

UK

India

Brazil
Taiwan

Germany
Indonesia

China

MSCI EM

Japan
US
Korea
below its long-period average (LPA) of 24.7x — reflecting a 11% discount.
In contrast, the 12-month trailing P/B ratio stands at 3.7x, (in line with its
historical average of 3.7x).
47.00 6
P/E 10 Yr Avg P/E P/B 10 Yr Avg P/B
42.00 5
 Our view on Equity Market: Although July 25 was weak, better earnings
37.00
prospects and reasonable valuations (except small cap) should help 3.7 4
the markets out gains. Impact of US tariff wars on Indian markets will be 32.00
3
limited. While our model portfolio bias remains toward largecaps 27.00
24.7
2
(~70%wt) & have turned more constructive toward midcaps (`22% wt. vs. 22.00

16% earlier), due to better earnings delivery and prospects. We are OW 17.00 1

on BFSI, Consumer Discretionary, Industrials,We are OW* on BFSI,

12.00 0
Consumer Discretionary, Industrials, Healthcare and Telecom, while we

Jul-20
Apr-16

Jan-21
Apr-17

Apr-18

Apr-19

Jan-20

Oct-20
Jan-16

Oct-16

Jan-23
Jul-23
Oct-23
Jan-24

Oct-24
Jan-25
Jul-25
Oct-15

Jan-17

Oct-17

Jan-19
Jan-18

Oct-18

Oct-19

Oct-21
Jan-22

Oct-22
Jul-15

Jul-17

Jul-22
Jul-16

Jul-18

Jul-19

Apr-20

Jul-24
Apr-21
Jul-21

Apr-22

Apr-23

Apr-24

Apr-25
are UW` on Oil & Gas, Cement, Real Estate, and Metals.
Source: Bloomberg, RBI, Mint | Data as on 31stJuly, 2025 | *OW – Overweight, `UW- Underweight
Our House Views on India Equities

Last one month saw heightened geopolitical uncertainty due to Iran Israel conflict, and concerns over tariffs. Despite
these, global markets remained resilient and some of the major global equity indices hit new all time high.

Investor sentiment received support from stable bond yields and rate-cut expectations in the US & EU (H2CY25).
However, the momentum seems to be losing some momentum now after a sharp rally during the last 3 months
amid tariff imposition deadline moving closer.

India’s macroeconomic environment remains robust with stable growth, softer inflation, controlled deficits and
strong forex reserves. However, high frequency indicators are providing mixed outlook from a near term perspective.
Valuations have risen meaningfully after a sharp rally - the Nifty 50 now trades above its long-term average on a 1-
year forward P/E basis. The Mid and Small Cap segments, while supported by earnings growth, still command a
significant premium. Stock selection is the key as pockets of high growth opportunities are also visible.

Considering the confluence of micro, macro and markets’ current situation, we believe that this phase is like the
“Middle Overs” in a limited over cricket match. Hence, going through this phase requires strategy and patience,
rather than aggressive striking. Risk should be managed while momentum should be maintained.

Equity Portfolio Allocation Stance: Neutral i.e. 65% allocation to Large Caps and 35% allocation to Mid and Small
Caps
Investment Strategy:
• Lump-sum investments in Hybrid funds at current levels.
• For Pure equity-oriented strategies, a staggered SIP/STP approach is prudent given elevated valuations and higher
volatility. Any sharp correction should be used for aggressive deployment.
Our House Views on India Debt

Proactive measures by RBI on policy easing and liquidity are likely to result into steepening of the yield curve. Hence
in our view one may be overweight on accrual strategies across the credit spectrum. Due to limited room for
further capital gains, softening of the yields should be used an opportunity to gradually reduce the exposure from
duration strategies
Accrual can be played across the credit spectrum by allocating 45% – 55% of the portfolio to Performing Credit &
Private Credit Strategies, InvITs & Select NCDs
 30% – 35% may be invested in Performing Credit Strategies/NCDs and InvITs
 20% – 25% may be invested in Private Credit including Real Estate/Infrastructure strategies and select NCDs
25% - 35% of the portfolio may be invested in Arbitrage Funds (minimum 3 months holding period), Floating Rate
Funds (9 – 12 months holding period), Absolute Return Long/Short strategies (minimum 12 -15 months holding
period)
For tax efficient fixed income alternative solutions, 20% - 25% of the portfolio may be allocated in Conservative
Equity Savings funds (minimum 3 years holding period)

Our House Views on Gold

Global central banks continued accumulating gold in 2025, marking the fourth consecutive year of robust buying.
Notably, China is extending its gold-buying streak to seven straight months—signaling a continued strategic
diversification away from the USD. While gold has remained sideways over the past month, the underlying macro
fundamentals remain constructive. With global uncertainties having subsided, gold may appear stretched in the
near term. We continue to remain neutral on gold from asset allocation perspective. One may look at deploying
on dips and maintain Gold upto 5-10% in the portfolio.
Take Action on Insights with Investment Solutions

Mutual Fixed
Fund AIF Unlisted
Income

PMS Insurance
 Recommended Mutual Funds : Equity
Returns % (>1 Yr is CAGR)
Fund AUM Inception Expense
Scheme Since Std dev Beta Alpha
Manager (Rs cr) Date 1 year 3 years 5 years Ratio
Inception
Large Cap Fund
Aditya Birla Large Cap Fund Mahesh Patil 30,927 30-Aug-02 3.1 15.4 19.5 18.8 12.1 1.0 1.4 1.6

HDFC Large Cap Fund Rahul Baijal 38,905 11-Oct-96 0.3 16.4 21.1 18.5 12.6 1.0 3.9 1.6
Ajay
Motilal Oswal Large Cap Fund 2,534 06-Feb-24 15.2 -- -- 23.2 4.5 1.2 15.9 2.0
Khandelwal
Nippon India Large Cap Fund Sailesh Raj Bhan 43,829 08-Aug-07 3.9 19.7 24.6 12.9 13.3 1.1 5.9 1.5
Average -- -- -- 3.2 18.4 19.6 14.3 -- -- -- --
NIFTY 50 – TRI -- -- -- 3.7 13.5 18.4 -- 10.0 -- -- --
Mid Cap Fund
Trideep
Edelweiss Mid Cap Fund 10,988 26-Dec-07 8.8 24.9 30.1 13.9 20.0 0.9 2.8 1.7
Bhattacharya
Chirag
HDFC Mid Cap Fund 84,061 25-Jun-07 4.8 26.1 30.1 17.6 17.8 0.9 5.7 1.4
Setalvad
Invesco India Midcap Fund Aditya Khemani 7,406 19-Apr-07 17.2 27.7 28.6 17.0 19.1 1.8 4.3 1.8
Motilal Oswal Midcap Fund Niket Shah 33,053 24-Feb-14 5.4 28.3 33.7 22.4 20.8 0.9 10.1 1.6
Average -- -- -- 2.2 25.5 28.4 18.8 -- -- -- --
Nifty Midcap 150 – TRI -- -- -- 2.9 23.3 29.4 -- 20.3 -- -- --
Small Cap Fund
Manish
Bandhan Small Cap Fund 12,982 25-Feb-20 7.4 30.1 33.0 32.2 28.8 2.6 0.3 1.7
Gunwani
Chirag
HDFC Small Cap Fund 35,781 03-Apr-08 4.4 24.4 31.9 16.4 17.9 1.5 5.2 1.6
Setalvad
Venugopal
HSBC Small Cap Fund 16,909 12-May-14 -3.2 20.9 32.1 20.3 19.4 0.7 4.4 1.7
Manghat
Invesco India Smallcap Fund Taher Badshah 7,425 30-Oct-18 9.0 26.2 31.9 23.2 20.2 1.9 3.6 1.8
Average -- -- -- 1.3 25.4 32.9 18.8 -- -- -- --
Nifty Smallcap 250 - TRI -- -- -- 0.0 24.2 31.1 -- 25.3 -- -- --

Source: Ace MF | Returns as on 08th Aug, 2025 Click Here to see AUM and Flow Trends in detail
Click Here to find Mutual Funds options for NRE and NRO
 Recommended Mutual Funds : Equity
Returns % (>1 Yr is CAGR)
Fund AUM Inception Expense
Scheme Since Std dev Beta Alpha
Manager (Rs cr) Date 1 year 3 years 5 years Ratio
Inception
Multi Cap / Large & Mid Cap Fund
Manish
Bandhan Large & Mid Cap Fund 9,735 09-Aug-05 3.8 24.0 25.9 13.8 19.4 1.2 2.1 1.7
Gunwani
Harsha
Kotak Large & Midcap Fund 28,294 09-Sep-04 1.7 18.9 22.3 18.3 15.2 0.9 1.4 1.6
Upadhyaya
Motilal Oswal Large & Midcap Ajay
11,816 17-Oct-19 14.1 27.8 28.3 23.0 20.1 1.2 4.4 1.7
Fund Khandelwal
Mirae Asset Multicap Fund Ankit Jain 3,944 21-Aug-23 4.3 0.0 0.0 18.8 13.5 0.9 0.9 1.9
Sailesh Raj
Nippon India Multi Cap Fund 45,366 28-Mar-05 3.8 23.9 30.9 18.1 16.0 0.9 7.7 1.5
Bhan
Average -- -- -- 2.7 21.9 23.6 16.4 -- -- -- --
NIFTY 200 - TRI -- -- -- 2.2 15.2 20.0 -- 13.5 -- -- --
Flexi Cap Fund
360 ONE Flexicap Fund Mayur Patel 1,878 30-Jun-23 0.1 0.0 0.0 20.2 19.4 1.3 5.0 2.0
Franklin India Flexi Cap Fund R. Janakiraman 19,365 29-Sep-94 2.6 19.2 24.5 17.9 15.6 1.1 2.0 1.7
HDFC Flexi Cap Fund Roshi Jain 79,585 01-Jan-95 8.6 22.6 28.0 18.8 12.5 0.8 9.4 1.4
Helios Flexi Cap Fund Alok Bahl 3,471 13-Nov-23 6.2 0.0 0.0 22.2 10.9 1.3 2.5 1.9
Parag Parikh Flexi Cap Fund Rajeev Thakkar 1,10,392 28-May-13 10.5 20.6 23.1 19.1 15.2 1.0 2.5 1.3
Average -- -- -- 2.7 21.9 23.6 16.4 -- -- -- --
NIFTY 500 - TRI -- -- -- 2.0 16.1 21.1 -- 14.5 -- -- --
Others
HDFC Banking & Financial Services
Anand Laddha 4,290 01-Jul-21 12.2 17.2 -- 13.3 9.2 0.9 3.8 1.9
Fund
Motilal Oswal Digital India Fund Niket Shah 830 04-Nov-24 -- -- -- -1.9 -- -- -- 2.3
ICICI Pru India Opp Fund Roshan Chutkey 29,463 15-Jan-19 4.9 23.2 30.4 21.0 13.9 0.9 9.6 1.6
ICICI Pru Thematic Advantage
Sankaran Naren 4,158 18-Dec-03 8.9 19.7 25.4 15.4 11.3 0.8 5.7 1.5
Fund(FOF)

Source: Ace MF | Returns as on 08th Aug, 2025 Click Here to see AUM and Flow Trends in detail
Click Here to find Mutual Funds options for NRE and NRO
 Recommended Mutual Funds : Hybrid
Returns % (>1 Yr is CAGR) Asset Category (%)
Fund AUM Inception Expense
Scheme Since Std dev Beta Alpha Others/
Manager (Rs cr) Date 1 year 3 years 5 years Ratio Equity Debt
Inception Cash
Equity Savings Fund
Archana
ICICI Pru Equity Savings Fund 14,168 05-Dec-14 7.1 8.8 9.6 7.9 0.2 2.9 1.9 1.0 70.5 10.1 19.4
Nair
Kotak Equity Savings Fund Hiten Shah 8,444 13-Oct-14 5.0 11.3 11.3 9.2 0.5 2.2 5.5 1.8 67.0 12.1 21.0
Arbitrage Fund
Bhavesh
Edelweiss Arbitrage Fund 15,045 27-Jun-14 6.8 7.0 5.7 6.2 1.4 0.9 0.1 1.1 76.0 13.2 10.8
Jain
Deepak
Invesco India Arbitrage Fund 23,900 30-Apr-07 6.9 7.2 5.8 6.6 1.2 0.7 0.8 1.1 80.1 84.8 -65.0
Gupta
Kotak Equity Arbitrage Fund Hiten Shah 69,924 29-Sep-05 6.9 7.2 5.9 6.9 1.4 0.9 0.3 1.1 78.7 4.8 16.5
Balanced Advantage Fund
Jayesh
Axis Balanced Advantage Fund 3,342 01-Aug-17 5.9 13.4 13.0 9.5 10.2 1.0 0.0 1.9 67.0 33.0
Sundar
Mohit
Aditya Birla SL Balanced Advantage Fund 8,034 25-Apr-00 6.4 12.9 13.8 9.8 7.0 0.8 2.2 1.8 70.3 29.7
Sharma
Gopal
HDFC Balanced Advantage Fund 1,02,790 11-Sep-00 2.8 19.4 23.4 17.1 11.7 1.1 7.1 1.4 66.6 33.4
Agrawal
Manish
ICICI Pru Balanced Advantage Fund 65,298 30-Dec-06 7.0 12.9 14.5 11.3 5.9 0.6 3.2 1.4 65.4 34.6
Banthia
Rohit
Kotak Balanced Advantage Fund 17,677 03-Aug-18 5.3 11.7 12.1 10.7 6.4 0.6 1.6 1.7 70.0 30.0
Tandon
Multi Asset Fund
Sankaran
ICICI Pru Multi-Asset Fund 62,014 31-Oct-02 9.5 19.2 23.3 20.9 7.9 0.6 8.9 1.4 67.5 32.5
Naren
Aparna
DSP Multi Asset Allocation Fund 3,377 27-Sep-23 13.1 -- -- 18.3 5.8 0.5 8.7 1.6 35.7 64.3
Karnik
Ramesh
WOC Multi Asset Allocation Fund 2,586 19-May-23 16.9 -- -- 17.2 2.9 -2.1 23.1 1.7 34.7 65.3
Mantri

Source: Ace MF | Returns as on 08th Aug, 2025 Click Here to see AUM and Flow Trends in detail
Click Here to find Mutual Funds options for NRE and NRO
 Recommended Mutual Funds : Debt
Annualized Returns %
Fund Inception Avg Expense Gross Sov & Below Call &
Scheme 3 6 Since Mod Dur Unrated
Manager Date 1 year 3 years 5 years Maturity Ratio YTM (%) AAA AAA Cash
Month Month Inception
Overnight Fund ( for 1 day)
Aditya Birla SL Overnight Kaustubh
01-Nov-18 5.5 5.9 6.3 6.3 5.1 5.1 0.0 0.0 0.2 5.8 7.2 0.0 92.8 0.0
Fund Gupta
Swapnil
HDFC Overnight Fund 06-Feb-02 5.5 5.9 6.2 6.3 5.0 5.9 0.0 0.0 0.2 5.5 4.6 0.0 95.4 0.0
Jangam
Liquid Fund (for 7 days to 3 months)

HDFC Liquid Fund Anupam Joshi 17-Oct-00 6.4 7.0 7.1 6.9 5.5 6.8 0.2 0.1 0.3 6.0 98.2 0.0 1.5 0.3

ICICI Pru Liquid Fund Rohan Maru 17-Nov-05 6.4 7.0 7.1 6.9 5.5 7.1 0.2 0.2 0.3 5.9 104.6 0.0 -4.9 0.3

Ultra Short Term Fund (for 3 months to 6 months)

HDFC Ultra Short Term
Anil Bamboli 24-Sep-18 7.6 8.0 7.6 7.1 5.7 6.4 0.6 0.4 0.7 6.5 95.4 0.0 4.4 0.2
Fund
ICICI Pru Ultra Short
Manish Banthia 03-May-11 7.8 8.1 7.7 7.1 6.0 7.5 0.7 0.5 0.8 6.8 99.2 0.0 0.6 0.2
Term Fund
Active Duration & Credit Strategy
ICICI Pru All Seasons Manish
20-Jan-10 4.6 9.0 8.5 8.1 6.6 8.8 9.6 3.7 1.3 7.3 93.8 3.4 2.5 0.3
Bond Fund Banthia
Income Plus Arbitrage (FOF)
Axis Income Plus
Devang Shah 28-Jan-20 6.6 9.8 8.6 7.9 6.5 7.0 0.0 0.0 0.5 0.0 0.0 97.7 2.3 0.0
Arbitrage Active FOF
DSP Income Plus Shantanu
21-Aug-14 5.2 0.2 13.1 9.9 7.3 7.2 4.6 2.7 1.0 6.5 0.0 97.9 2.1 0.0
Arbitrage FoF Godambe
ICICI Pru Income plus
Arbitrage Active FOF Ritesh Lunawat 18-Dec-03 6.8 7.3 7.7 11.9 11.4 8.9 1.9 1.1 0.3 6.9 0.0 100.2 -0.2 0.0
Kotak Income Plus
Abhishek Bisen 17-Nov-22 6.4 8.4 8.4 -- -- 8.3 0.0 0.0 0.3 6.5 0.0 99.9 0.1 0.0
Arbitrage FOF

Source: Ace MF | Returns as on 08th Aug, 2025 Click Here to see AUM and Flow Trends in detail
Click Here to find Mutual Funds options for NRE and NRO
 PMS Offerings

Returns % (>1 Yr is CAGR)

Launch Top 5 Top 5 AUM
Scheme Fund Manager MCap
Date Stocks (%) Sectors (%) (Rs cr) Since
1 Year 3 Years 5 Years 7 Years
Inception
Renaissance Opportunities Portfolio Pankaj Murarka 01-Jan-18 Large Cap 37.5 81.1 591 -2.7 18.3 25.8 15.3 13.4

Abakkus AACA Aman Chowhan 29-Oct-20 Large & Mid Cap 26.5 58.3 7,285 -0.6 20.1 - - 25.8

Alchemy Smart Alpha 250 Alok Agarwal 10-Aug-24 Large & Mid Cap 30.0 98.7 646 -9.4 - - - 23.3

MOAMC Mid to Mega Rakesh Tarway 24-Dec-19 Mid & Small Cap 31.7 67.9 1,879 4.1 25.7 26.2 - 25.2

Abakkus AEOA Aman Chowhan 26-Aug-20 Mid & Small Cap 25.8 55.1 5,516 4.5 26.7 - - 31.8

Carnelian Shift Strategy Kunal Shah 06-Oct-20 Mid & Small Cap 29.8 81.6 4292 6.3 33.6 - - 37.6

MOAMC Founders Vaibhav Agrawal 16-Mar-23 Multi Cap 26.5 77.0 3,120 3.2 - - - 35.6

MOAMC Value Migration Vaibhav Agrawal 18-Feb-03 Multi Cap 25.8 81.2 3,657 4.7 25.0 23.1 15.9 20.0

SBI AEON Gaurav Mehta 21-Jan-21 Multi Cap 29.5 89.3 725 -7.7 18.0 - - 14.5

Buoyant Opp Portfolio Sachin Khivasara 01-Jun-16 Multi Cap 21.7 47.1 6,653 8.8 25.5 36.1 20.1 22.2

Renaissance India Next PMS Pankaj Murarka 19-May-18 Flexi Cap 31.5 77.9 870 0.1 23.8 37.8 18.2 16.3

UNIFI Blended Rangoli Prithvi Raj 01-Jun-17 Flexi Cap 37.6 67.0 15,000 -2.4 15.8 24.5 20.2 19.9

Marathon Trend Following Atul Suri 01-Apr-23 Thematic 27.1 53.4 433 -11.2 - - - 23.9

Data as on 31st July, 2025

 AIF Offerings
Returns % (>1 Yr is CAGR)
AUM Open/Close
Scheme Category Fund Manager Type Launch Date 1st Close Date Since
(Rs Cr.) Ended 1 Year 3 Years
Inception
Ikigai Emerging Equity Fund* Category III Pankaj Tibrewal Mid & Small Cap 19-Jun-24 2,807 Open Ended -- 1.4 - 2.4

Motilal Oswal Mid to Mega Series III Category III Rakesh Tarway Mid & Small Cap 12-May-25 34.7 Close Ended May-25 - - -1.1
Soumendra
Clarus Capital Fund Category III Small Cap 04-May-23 2,600+ Open Ended -- 8.8 - 27.0
Lahiri
PGIM India Equity Growth Opp. Fund Aniruddha
Category III Micro & Small Cap 19-Oct-24 180 Close Ended Nov-24 - - -5.9
Series II* Naha
Abhishek
Motilal Oswal Founders Fund^ Category III Multi Cap 12-Nov-24 357 Open Ended -- - - 0.5
Anand
Motilal Oswal Select Opportunities Vaibhav
Category III Flexi Cap 19-Apr-24 1,254 Close Ended Apr-24 7.4 - 24.6
Series IV Agrawal
Renaissance India Next Fund IV Category III Pankaj Murarka Flexi Cap 02-Dec-24 211 Open Ended -- - - -5.2
Motilal Oswal Hedged Equity
Category III Bijon Pani Flexi Cap 14-Feb-22 586 Open Ended -- -18.9 16.5 13.2
Multifactor^
Aman
Abakkus Flexi Edge Fund – 1 Category III Flexi Cap 11-Aug-25 New Offer Open Ended -- New Offer
Chowhan

Indicative Target Commitment

Fund 1st Close Tenure after Upfront Open/Close
Scheme Category Type Focus Launch Date Pre-tax Corpus Received
Manager Date 1st Close Contribution Ended
IRR (%) (Rs cr) (Rs cr)
Real Sharad
Arnya Real Estate Fund - Debt Category II Debt+ Apr’24 Sep’24 7 years 35% ~15% 1000+1000 ~490 Close Ended
Estate Mittal
Performing Subhashree
HDFC Structured Credit Fund Category II Debt+ May’25 Sep’25 6 years 44%^ ~12-13% 1500+1000 ~900 Close Ended
Credit Vijayaraghavn
Vivriti Diversified Bond Fund – Category II Nischal Close Ended
Debt+ Private Credit Dec’23 Feb’24 5 years 5% ~13% 1500+500 ~1200+
Series II Shah
Late
First Bridge India Growth Fund Category II Equity+ Vishal Gupta Mar’23 May’23 8 years 60% ~21-23% 1200+300 ~735 Close Ended
Stage
Private Equity Samara
~1,000
Samara Capital Fund III Category II Equity+ (Late Stage Investment Jul’23 Jun’24 10 years 15% ~19% 1000+500 Close Ended
(domestic)
Buyout) Committee
Tej Kapoor,
Private Equity
ICICI Ventures Amplifi Fund Category II Equity+ Sharad Sep’23 Aug’24 10 years 27% ~25-28% 1000+500 ~1000 Close Ended
(Mid Stage)
Malpani
Data as on 30thJune, 2025 | ^Close Ended option is available | *Data will be updated as & when we receive it from the AMCs | ‘Gross IRR
 Fixed Income Offerings
Corporate Fixed Deposits

Cumulative Interest % Additional %

Interest Lock-In
Issuer Company Rating for Sr Citizen
12 m 24 m 36 m 48 m 60m Frequency period
(>60 Yr in age)

upto 0.55 (upto

Bajaj Finance Ltd. (25000 < upto Rs 3 cr) CRISIL : AAA 6.60 6.95 6.95 - 6.95 M/Q/H/Y 3 months
3 cr)

Mahindra & Mahindra Financial Services Ltd. CRISIL : FAAA 6.60 6.75 7.00 7.00 7.00 0.25 M/H/Q 3 months

ICICI Home Finance (for upto Rs 2 cr) CRISIL : FAAA 6.85 7.10 7.15 7.15 7.15 0.25 M/Q/Y 3 months

Primary Bonds

Type Issuer Interest % Tenure Lock-in period

Capital Gain Bonds (54 EC Bonds) REC, IRFC, PFC 5.25 60 months 5 years

Floating Rate Bond RBI 8.05 84 months 7 years*

Sovereign Gold Bonds (SGB)* RBI 2.50 96 months NA (Tradable)

Secondary Bonds

Security Maturity IP Dates Ratings Quantum Yield%

25% 24 JUN 2027; 25% 24
9.80% IKF HOME FINANCE LIMITED 2028 SEPT 2027; 25% 24 DEC QUARTERLY A BY CARE MULTIPLE OF RS.3 LAKHS 10.15%
2027; 25% 24 MAR 2028
9.80% AUXILO FINSERVE PVT. LTD. 2028 29-01-2028 QUARTERLY CRISIL A+ MULTIPLE OF RS.3 LAKHS 9.85%

10.40% KRAZYBEE SERVICES PRIVATE LTD. 2027 25-01-2027 MONTHLY CRISIL A MULTIPLE OF 5 LAKHS 10.90%

*As per availability | Data as on 01stAug, 2025 | Please refer to T&Cs | In case of senior citizen lock-in period for 60 to 70 years is 6 years,
between 70-80 years is 5 years & 80 years & above is 4 years respectively,
 Beyond the Listed universe : Unlisted Shares

Unlisted/Pre-IPO shares are shares of companies not listed on any stock exchange

 Chance to participate in early in a company/startup/hidden gem

 May unlock tremendous value if the shares get listed/demand increases

MYTH : “Not Listed" means the shares are non-tradable

FACT : Unlisted shares are traded off-market

4 Simple Steps to Buy Unlisted Shares

Confirm the Transfer funds Receive shares

Shortlist a stock
price with us to our Bank A/c in your Demat

Data as on 28th Feb, 2025 | *Close Ended option is available

Find the most popular Unlisted Shares with us

Physicswallah Polymatech Tata Capital

Pvt Ltd

Chennai Super Sterlite Power SBI AMC

Kings Transmission

Parag Parikh Ltd B9 Beverages

Pvt. Ltd. (BIRA) NCDEX

Goodluck Defence
MSEI OYO
& Aerospace
Choose from Leading Insurance Companies

Other General
Life Health
Health Motor
Insurance
ICICI Prudential Care Health Go Digit General
Life Insurance Co. Insurance Ltd. Insurance Ltd. Home Insurance
Ltd.
Manipal Cigna Tata AIG General
Bajaj Allianz Life Health Insurance Company
Insurance Co. Ltd. Ltd. Liability Insurance
Insurance Co. Ltd.

HDFC Life Niva Bupa Health HDFC ERGO General

Insurance Insurance Insurance Company Travel Insurance
Co. Ltd. Company Ltd.
Tata AIA Life
Insurance Cyber Insurance
Company Ltd.

Max Life Insurance For Indirect

Co. Ltd. Channel Only

Aditya Birla Sun Life

Insurance Co. Ltd
Disclaimer

Motilal Oswal Financial Services Limited (MOFSL)* Member of NSE, BSE, MCX, NCDEX CIN No.: L67190MH2005PLC153397
Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022-
71934263; Website www.motilaloswal.com. Correspondence Office Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road,
Malad (West), Mumbai- 400 064. Tel No: 022 7188 1000. Registration Nos.: Motilal Oswal Financial Services Limited (MOFSL)*: INZ000158836.
(BSE/NSE/MCX/NCDEX); CDSL and NSDL: IN-DP-16-2015; Research Analyst: INH000000412. AMFI: ARN - 146822; ; Insurance Corporate Agent: CA0579.
Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670); PMS and Mutual Funds are offered through
MOAMC which is group company of MOFSL. Motilal Oswal Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered
through MOWML, which is a group company of MOFSL. • Motilal Oswal Financial Services Limited is a distributor of Mutual Funds, PMS, Fixed
Deposit, Bond, NCDs, Insurance Products, Investment advisor and IPOs etc . These are not Exchange traded products and the Trading Member
is just acting as distributor. All disputes with respect to the distribution activity would not have access to Exchange Investor Redressal Forum or
Arbitration mechanism • Research & Advisory services is backed by proper research. Please read the Risk Disclosure Document prescribed by
the Stock Exchanges carefully before investing. There is no assurance or guarantee of the returns. Details of Compliance Officer: Name: Neeraj
Agarwal, Email ID: na@motilaloswal.com, Contact No.:022-40548085.The securities quoted are exemplary and are not recommendatory.
Brokerage will not exceed SEBI prescribed limit. Customer having any query/feedback/ clarification may write to query@motilaloswal.com. In
case of grievances for Securities Broking write to grievances@motilaloswal.com, for DP to dpgrievances@motilaloswal.com.

*Such representations are not indicative of future results.

Investment in securities market are subject to market risks, read all the related documents carefully before investing.