Fund manager · motilal

Ajay Khandelwal

motilal “Mr. Ajay Khandelwal”

Funds run now

of 17 ever named on

Longest current tenure

2.8 yrs

on Motilal Oswal ELSS Tax Saver Fund

In the archive

Dec 2023 – Aug 2026

361 fund-months across every stint

Stints ahead of category

13 of 17

annualised return vs the category median, in-tenure

Tenure across funds

each stint as the factsheets dated it

running it nowearlier

The record, stint by stint

fund against category over exactly those months

Fund	Role	From	To	Months	Fund	Category	Excess	P4 in tenure
Motilal Oswal ELSS Tax Saver Fund MOTILAL · ELSS	equity portion	Dec 2023*	now	33	21.6% p.a.	11.5% p.a.	+10.12 pp	under 3 yrs
Motilal Oswal Large and Midcap Fund MOTILAL · Large & Mid Cap	equity portion	Dec 2023*	now	33	22.3% p.a.	14.6% p.a.	+7.67 pp	under 3 yrs
Motilal Oswal Small Cap Fund MOTILAL · Small Cap	equity portion	Dec 2023*	now	33	23.7% p.a.	14.0% p.a.	+9.72 pp	under 3 yrs
Motilal Oswal Large Cap Fund MOTILAL · Large Cap	equity portion	Feb 2024*	now	31	14.4% p.a.	7.7% p.a.	+6.70 pp	under 3 yrs
Motilal Oswal Quant Fund MOTILAL · Sectoral/ Thematic	equity portion	Jun 2024*	now	27	−0.1% p.a.	5.0% p.a.	−5.06 pp	under 3 yrs
Motilal Oswal Manufacturing Fund MOTILAL · Sectoral/ Thematic	equity portion	Aug 2024*	now	25	8.6% p.a.	2.3% p.a.	+6.33 pp	under 3 yrs
Motilal Oswal Midcap Fund MOTILAL · Mid Cap	equity portion	Oct 2024*	now	23	0.5% p.a.	4.5% p.a.	−3.99 pp	under 3 yrs
Motilal Oswal Flexi Cap Fund MOTILAL · Flexi Cap	fund manager	Oct 2024*	now	23	2.4% p.a.	1.8% p.a.	+0.61 pp	under 3 yrs
Motilal Oswal Active Momentum Fund MOTILAL · Sectoral/ Thematic	equity portion	Mar 2025*	now	18	30.0% p.a.	11.9% p.a.	+18.05 pp	under 3 yrs
Motilal Oswal Infrastructure Fund MOTILAL · Sectoral/ Thematic	equity portion	May 2025*	now	16	12.5% p.a.	7.7% p.a.	+4.78 pp	under 3 yrs
Motilal Oswal Services Fund MOTILAL · Sectoral/ Thematic	equity portion	Jun 2025*	now	15	13.3% p.a.	5.2% p.a.	+8.16 pp	under 3 yrs
Motilal Oswal Special Opportunities Fund MOTILAL · Sectoral/ Thematic	equity portion	Aug 2025*	now	13	24.0% p.a.	9.5% p.a.	+14.50 pp	under 3 yrs
Motilal Oswal Financial Services Fund MOTILAL · Sectoral/ Thematic	equity portion	Feb 2026*	now	7	11.2%	6.3%	+4.93 pp	under 3 yrs
Motilal Oswal Multi Cap Fund MOTILAL · Multi Cap	equity portion	Jun 2024*	Jan 2026	20	11.8% p.a.	2.5% p.a.	+9.27 pp	under 3 yrs
Motilal Oswal Business Cycle Fund MOTILAL · Sectoral/ Thematic	equity portion	Aug 2024*	Jan 2026	18	2.8% p.a.	−4.1% p.a.	+6.92 pp	under 3 yrs
Motilal Oswal Focused Fund MOTILAL · Focused	equity portion	Oct 2024*	Jul 2025	10	−14.8%	−2.9%	−11.95 pp	under 3 yrs
Motilal Oswal Balanced Advantage Fund MOTILAL · Dynamic Asset Allocation or Balanced Advantage	equity portion	Oct 2024*	Jan 2026	16	−15.1% p.a.	2.4% p.a.	−17.50 pp	under 3 yrs

* dated by first appearance in the archive we hold, not by a date the factsheet printed. Months are the stint's calendar months. Returns are the fund's primary growth class and the category's median monthly return, compounded over the same months; “P4 in tenure” counts only rolling three-year windows that lie wholly inside the stint. A dash means the NAV or the category median did not cover the months — a category with too few funds in this build has no median.

Why this might matter

A fund's five-year figure belongs to whoever ran it for those five years. Following the person across funds is the only way to see a record that survives a change of employer — and to notice when a fund's record predates the people now running it.

Why it might not

16 of these stints are a co-manager or sleeve role; co-managed funds attribute the same months to every named manager, so a record here is the team's before it is anyone's. A factsheet names the manager of record, not who made each call, and fund houses have processes and research desks that outlast individuals. Nothing on this page ranks anyone.