Mahindra Manulife Innovation Opportunities Fund vs Motilal Oswal Innovation Opportunities Fund
Mahindra Manulife Innovation Opportunities Fund and Motilal Oswal Innovation Opportunities Fund are both Innovation Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility — vs 20.55%, maximum drawdown −11.41% vs −19.42%. Their portfolios overlap by 5.9% (3 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Motilal Oswal Mutual Fund |
| Compared as | Innovation Funds | Innovation Funds |
| NAV | ₹11.0786 | ₹14.3272 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Feb 2026 | 24 Feb 2025 |
| Track record | 0.8 yrs | 1.7 yrs |
| Fund size (AUM) | ₹257 Cr | ₹856 Cr |
| Securities held | 54 | 33 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| 1 month | +4.07% | −2.33% |
| 3 months | −1.75% | −2.44% |
| 6 months | +4.96% | +8.14% |
| 1 year | — | +9.28% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | — | +23.52% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| 2026 (year to date) | — | +13.95% |
Risk
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 20.55% |
| Downside volatility ⓘ | — | 11.27% |
| Sharpe ratio ⓘ | — | 0.83 |
| Sortino ratio ⓘ | — | 1.51 |
| Maximum drawdown ⓘ | −11.41% | −19.42% |
| Recovery from that fall | — | 2 months |
| Current fall from peak | −2.52% | −6.84% |
| Rolling 1-year return: worst | — | +1.58% |
| Rolling 1-year return: median | — | +14.01% |
| Rolling 1-year return: best | — | +20.95% |
| Share of 1-year periods with a loss | — | 0.00% |
Against each fund's benchmark
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Beta ⓘ | — | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | — | +12.75% |
| R² ⓘ | — | 65.26 |
| Upside capture | — | 144.25% |
| Downside capture | — | 85.37% |
| Tracking error | — | 12.35% |
| Information ratio | — | 1.09 |
| Treynor ratio | — | 13.23 |
Portfolio
Asset mix
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Equity | 97.54% | 93.77% |
| Cash & equivalents | 2.47% | 6.23% |
Market-cap split (share of fund assets)
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Large Cap | 39.15% | 13.97% |
| Mid Cap | 34.06% | 14.79% |
| Small Cap | 24.33% | 55.50% |
| Unclassified | 0.00% | 9.51% |
Concentration
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Top 10 holdings | 26.82% | 39.21% |
| Effective number of stocks ⓘ | 51.5 | 33.5 |
| Securities held | 54 | 33 |
Portfolio overlap: 5.9%
3 companies are held by both funds; by weight, 5.9% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities |
|---|---|---|
| InterGlobe Aviation Limited | 2.11% | 4.08% |
| Coforge Limited | 1.97% | 4.76% |
| CG Power and Industrial Solutions Limited | 1.82% | 4.02% |
Top 10 holdings
Mahindra Manulife Innovation Opportunities
- Eternal Limited3.79%
- Bajaj Finance Limited2.73%
- One 97 Communications Limited2.64%
- ICICI Bank Limited2.61%
- Aditya Birla Capital Limited2.60%
- Acutaas Chemicals Limited2.59%
- Torrent Pharmaceuticals Limited2.57%
- Reliance Industries Limited2.53%
- Belrise Industries Ltd.2.44%
- Karur Vysya Bank Limited2.32%
Motilal Oswal Innovation Opportunities
- Coforge Limited4.76%
- ESDS Software Solution Ltd4.58%
- RBL Bank Limited4.15%
- InterGlobe Aviation Limited4.08%
- CG Power and Industrial Solutions Limited4.02%
- Syrma SGS Technology Ltd3.98%
- Allied Blenders And Distillers Limited3.52%
- Max Healthcare Institute Limited3.49%
- Emmvee Photovoltaic Power Limited3.35%
- Dixon Technologies (India) Limited3.28%
Sector exposure
| Mahindra Manulife Innovation Opportunities | Motilal Oswal Innovation Opportunities | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.05% | 2.28% |
| Electrical Equipment | 3.45% | 12.24% |
| Consumer Durables | 1.37% | 8.41% |
| Banks | 8.33% | 4.15% |
| IT - Software | 3.51% | 8.21% |
| Finance | 6.71% | 2.61% |
| Healthcare Services | 4.52% | 6.56% |
| Transport Services | 5.91% | 4.08% |
| Retailing | 4.98% | 5.34% |
| Chemicals & Petrochemicals | 3.21% | 5.31% |
| Leisure Services | 0.00% | 5.04% |
| Industrial Products | 4.48% | 5.02% |
| Auto Components | 4.88% | 4.06% |
| IT - Services | 0.00% | 4.58% |
Questions people ask
What is the difference between Mahindra Manulife Innovation Opportunities and Motilal Oswal Innovation Opportunities returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return — vs +9.28%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Mahindra Manulife Innovation Opportunities and Motilal Oswal Innovation Opportunities compare on risk?
Volatility (36 monthly returns, annualised) — vs 20.55%; Sharpe ratio — vs 0.83; Sortino ratio — vs 1.51; maximum drawdown −11.41% vs −19.42%; beta — vs 1.05.
How much do Mahindra Manulife Innovation Opportunities and Motilal Oswal Innovation Opportunities overlap?
By weight, 5.9% of the two portfolios is invested in the same companies; 3 stocks are held by both, the largest shared positions being InterGlobe Aviation Limited, Coforge Limited, CG Power and Industrial Solutions Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Mahindra Manulife Innovation Opportunities and Motilal Oswal Innovation Opportunities?
Mahindra Manulife Innovation Opportunities: large cap 39.2%, mid cap 34.1%, small cap 24.3%. Motilal Oswal Innovation Opportunities: large cap 14.0%, mid cap 14.8%, small cap 55.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.