Motilal Oswal Value Strategy
Return (3Y)
24.1% p.a.
Fund Type
Discretionary PMS
As on
March 2026
Benchmark
BSE 500 TRI
Inception Date
January 2003
Min. Investment
₹50 Lakhs
AUM
₹12,000 Cr
Fund Manager
Siddharth Bothra
Chief Investment Officer – Equity, Motilal Oswal AMC
20+ years in Indian equity markets; CFA charterholder; IIM Ahmedabad
Siddharth Bothra has led the equity investment function at Motilal Oswal AMC since 2017 after serving as a senior fund manager at Motilal Oswal Mutual Fund. He is a CFA charterholder and IIM Ahmedabad alumnus with deep expertise in identifying quality compounders through the firm's proprietary QGLP framework. He oversees the investment committee and all portfolio decisions across PMS and equity AIF strategies.
Investment Approach vs Benchmark
Unlike a passive index fund that holds every BSE 500 constituent, the Value Strategy constructs a concentrated portfolio of 15–20 stocks selected purely on QGLP merit — regardless of index weight. This deliberate divergence drives active returns but also creates tracking error that investors must accept as the price of long-term alpha.
Investment Philosophy
"Buy Right, Sit Tight"
Motilal Oswal's investment philosophy rests on a deceptively simple thesis: if you own exceptional businesses at sensible prices, the passage of time is your greatest ally. The QGLP framework — Quality, Growth, Longevity, Price — operationalises this into a repeatable, disciplined stock selection process that has compounded wealth for over two decades.
Quality
ROE consistently above 15%, clean balance sheet (D/E <1×), high earnings cash conversion, and identifiable competitive moats — pricing power, network effects, or switching costs.
Growth
EPS CAGR of 15%+ over a forward 3–5 year view, backed by top-line expansion in growing addressable markets — not margin compression recovery or one-off re-ratings.
Longevity
A realistic 20-year competitive position. Businesses that compound earnings reliably decade after decade — not cyclical recoveries or structural disruption candidates.
Price
Entry P/E reflecting quality without paying an unsustainable premium. The portfolio monitors P/E vs expected EPS CAGR to maintain adequate margin of safety at all times.
Strategy Information
The portfolio is constructed entirely bottom-up, with each position sized 4–8% of NAV based on conviction strength. Sector diversification is a by-product of stock selection, not a top-down constraint. The strategy holds positions through volatility — intra-year drawdowns of 15–25% are expected and accepted as part of the long-term compounding journey.
Portfolio Size
15–20 stocks
Position Sizing
4–8% per stock
Max Sector Weight
35% (informal guideline)
Annual Portfolio Churn
<20% of NAV
Average Holding Period
5–7 years
Liquidity Screen
Min. 10× daily volume vs position size
Fund Details
SEBI PMS Registration
INP000000670
Strategy Classification
Discretionary – Equity Long Only
Holdings Range
15–20 stocks
Management Fee
2.5% p.a. on AUM (fixed fee model)
Performance Fee
Nil
Exit Load
1% within 12 months; Nil thereafter
Custodian
HDFC Bank Limited
Tax Treatment
Pass-through — STCG 20%, LTCG 12.5% (Finance Act 2024)
Reporting
Monthly statement + annual audit
Interested in this fund?
Speak with our institutional advisory team for eligibility, documentation, and onboarding.