Mirae Asset Large & Midcap Fund vs Motilal Oswal Large and Midcap Fund
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 6.8% Overlap Means for Your Wealth
If you invest an equal ₹1,00,000 portfolio base across both schemes (₹50,000 in Mirae and ₹50,000 in Motilal):
The Portfolio Verdict: Should You Hold Both?
Mirae Asset Large & Midcap and Motilal Oswal Large and Midcap hold under 7% common stock overlap. Mirae maintains a well-diversified core allocation anchored in top financial and industrial names, while Motilal takes bold, differentiated mid-cap bets. This pair demonstrates that funds with identical category mandates can behave very differently.
How Is This 6.8% Overlap Calculated?
Rather than merely matching stock names, our quantitative engine measures the minimum common portfolio weight for every security intersecting across both statutory AMFI disclosures:
Worked Example with Divi's Laboratories Ltd.:
Mirae allocates 1.52% and Motilal allocates 2.46%. Your guaranteed common, duplicated exposure to Divi's Laboratories Ltd. is . Repeating this calculation across all 10 common stocks and summing their minimum common weights produces your exact 6.8% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Overlap is moderate to low (6.8%). They can comfortably coexist in a portfolio if their market-cap orientation or investing styles (value vs growth) remain complementary.
Expense Ratio (Fee Drag)
Mirae charges 0.86% vs Motilal at 0.89%. Over 10–15 years, a 0.20%+ fee difference compounds into lakhs of rupees in net corpus disparity.
Sector & Single-Stock Concentration
Check the combined sector weights below. If both funds heavily tilt toward the same sector (e.g. Banking or Tech), your portfolio is taking on concentrated cyclical risk.
Portfolio Rebalancing Action
Both schemes can be retained if they fit your asset allocation, but ensure your overall portfolio stays capped at 4 to 6 total mutual funds.
Scheme Profile Comparison
| Metric | Mirae Asset Large & Midcap Fund | Motilal Oswal Large and Midcap Fund |
|---|---|---|
| Fund House / AMC | Mirae Asset Mutual Fund | Motilal Oswal Mutual Fund |
| AMFI Direct Scheme Code | 118834 | 147704 |
| Total Equity Holdings | 82 stocks | 34 stocks |
| Expense Ratio (TER) | 0.86% | 0.89% |
| Disclosure Filing Date | Sep 30, 2026 | Sep 30, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Mirae | Weight in Motilal | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
Divi's Laboratories Ltd.INE361B01024 | Pharmaceuticals & Biotechnology | 1.52% | 2.46% | 1.52% |
Billionbrains Garage Ventures Ltd.INE0HOQ01053 | Capital Markets | 1.00% | 2.36% | 1.00% |
One 97 Communications Ltd.INE982J01020 | Financial Technology (Fintech) | 0.94% | 6.11% | 0.94% |
Bharat Electronics Ltd.INE263A01024 | Aerospace & Defense | 0.91% | 2.11% | 0.91% |
Gujarat Fluorochemicals Ltd.INE09N301011 | Chemicals & Petrochemicals | 0.76% | 3.99% | 0.76% |
Multi Commodity Exchange of India Ltd.INE745G01043 | Capital Markets | 0.52% | 4.60% | 0.52% |
Eternal Ltd.INE758T01015 | Retailing | 0.50% | 4.95% | 0.50% |
Apollo Hospitals Enterprise Ltd.INE437A01024 | Healthcare Services | 0.43% | 1.96% | 0.43% |
Looking for all 10 overlapping holdings?
This curated snapshot highlights the top 8 common stocks. Use our free, interactive Mutual Fund Overlap Calculator to inspect all common holdings, calculate your Effective Number of Stocks (ENS), and simulate custom rupee allocations (₹ or %).
Sector Allocation Breakdown
How both schemes allocate capital across key Indian economic sectors.
| Sector | Mirae (%) | Motilal (%) | Combined Weight (%) |
|---|---|---|---|
| Banks | 19.4% | 0.0% | 19.4% |
| Electrical Equipment | 0.1% | 18.4% | 18.5% |
| Pharmaceuticals & Biotechnology | 9.9% | 5.3% | 15.2% |
| Finance | 3.3% | 10.9% | 14.3% |
| Retailing | 4.5% | 9.7% | 14.2% |
| Automobiles | 4.9% | 4.9% | 9.8% |
Frequently Asked Questions
What is the stock overlap between Mirae Asset Large & Midcap Fund and Motilal Oswal Large and Midcap Fund?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenMirae Asset Large & Midcap Fund and Motilal Oswal Large and Midcap Fund is 6.8%. They hold 10 stocks in common.
Can I invest in both Mirae Asset Large & Midcap Fund and Motilal Oswal Large and Midcap Fund simultaneously?
Mirae Asset Large & Midcap and Motilal Oswal Large and Midcap hold under 7% common stock overlap. Mirae maintains a well-diversified core allocation anchored in top financial and industrial names, while Motilal takes bold, differentiated mid-cap bets. This pair demonstrates that funds with identical category mandates can behave very differently.
Which fund has a lower expense ratio?
Mirae Asset Large & Midcap Fund charges a Total Expense Ratio (TER) of 0.86% (Direct Plan), whileMotilal Oswal Large and Midcap Fund charges 0.89% (Direct Plan).Mirae Asset Large & Midcap Fund is currently more cost-effective by 0.03%.
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