Motilal Oswal Arbitrage Fund holds 266 instruments (71.32% equity), led by HDFC Bank Limited (5.41%), Reliance Industries Limited (4.58%) and Bharti Airtel Limited (3.63%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Motilal Oswal Arbitrage Fund, managed by Motilal Oswal Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 266 instruments with an equity allocation of 71.32%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Motilal Oswal Arbitrage Fund's top 10 holdings account for 33.12% of its portfolio, more concentrated than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 33% of net assets, spread across 12 sectors in total. Since its 31 August 2026 disclosure, the fund added 10 new positions and exited 6 positions, with One 97 Communications Limited seeing the largest move (-1.09pp to 1.1%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| ICICI Bank Limited | 1.27% → 2.28% | ▲ +1.01 |
| IndusInd Bank Limited | 0.1% → 0.75% | ▲ +0.65 |
| HDFC Bank Limited | 4.77% → 5.41% | ▲ +0.64 |
| InterGlobe Aviation Limited | 1.26% → 1.74% | ▲ +0.48 |
| Larsen & Toubro Limited | 0.83% → 1.19% | ▲ +0.36 |
| PNB Housing Finance Limited | 0.34% → 0.63% | ▲ +0.29 |
| Reliance Industries Limited | 4.35% → 4.58% | ▲ +0.23 |
| Suzlon Energy Limited | 0.19% → 0.37% | ▲ +0.18 |
| Marico Limited | 0.04% → 0.17% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| One 97 Communications Limited | 2.19% → 1.1% | ▼ -1.09 |
| Grasim Industries Limited | 1.23% → 0.29% | ▼ -0.94 |
| CG Power and Industrial Solutions Limited | 3.29% → 2.37% | ▼ -0.92 |
| TVS Motor Company Limited | 4.05% → 3.37% | ▼ -0.68 |
| Cholamandalam Investment and Finance Company Limited | 3.94% → 3.49% | ▼ -0.45 |
| DLF Limited | 0.31% → 0.04% | ▼ -0.27 |
| Bharat Electronics Limited | 0.74% → 0.53% | ▼ -0.21 |
| Bharti Airtel Limited | 3.81% → 3.63% | ▼ -0.18 |
| Kotak Mahindra Bank Limited | 2.55% → 2.39% | ▼ -0.16 |
| Vodafone Idea Limited | 1.48% → 1.34% | ▼ -0.14 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Net Receivables / (Payables)other | — | 72.35% |
| 2 | Motilal Oswal Liquid Fund - Direct Growthmf | — | 7.13% |
| 3 | HDFC Bank Limited | Financial Services | 5.41% |
| 4 | Reliance Industries Limited | Energy | 4.58% |
| 5 | Triparty Repotreps | — | 4.49% |
| 6 | Bharti Airtel Limited | Telecommunication | 3.63% |
| 7 | Cholamandalam Investment and Finance Company Limited | Financial Services | 3.49% |
| 8 | TVS Motor Company Limited | Consumer Discretionary | 3.37% |
| 9 | AU Small Finance Bank Limited | Financial Services | 3.07% |
| 10 | Axis Bank Limited | Financial Services | 2.53% |
| 11 | Kotak Mahindra Bank Limited | Financial Services | 2.39% |
| 12 | CG Power and Industrial Solutions Limited | Industrials | 2.37% |
| 13 | ICICI Bank Limited | Financial Services | 2.28% |
| 14 | Aditya Birla Capital Limited | Financial Services | 2.15% |
| 15 | Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growthmf | — | 2.07% |
| 16 | InterGlobe Aviation Limited | Services | 1.74% |
| 17 | Maruti Suzuki India Limited | Consumer Discretionary | 1.73% |
| 18 | Bajaj Finance Limited | Financial Services | 1.72% |
| 19 | Mahindra & Mahindra Limited | Consumer Discretionary | 1.53% |
| 20 | Vodafone Idea Limited | Telecommunication | 1.34% |
| 21 | Steel Authority of India Limited | Materials | 1.23% |
| 22 | Larsen & Toubro Limited | Industrials | 1.19% |
| 23 | Adani Enterprises Limited | Materials | 1.11% |
| 24 | State Bank of India | Financial Services | 1.11% |
| 25 | One 97 Communications Limited | Financial Services | 1.1% |
| 26 | Ashok Leyland Limited | Industrials | 0.97% |
| 27 | Samvardhana Motherson International Limited | Consumer Discretionary | 0.88% |
| 28 | Inox Wind Limited | Industrials | 0.87% |
| 29 | RBL Bank Limited | Financial Services | 0.77% |
| 30 | IndusInd Bank Limited | Financial Services | 0.75% |
| 31 | Sun Pharmaceutical Industries Limited | Healthcare | 0.74% |
| 32 | 5.74% Government of India 2026bond | — | 0.73% |
| 33 | 364 Days Treasury Billstbill | — | 0.73% |
| 34 | Indian Bank 2026bond | — | 0.72% |
| 35 | Bank of Baroda (MD )bond | — | 0.72% |
| 36 | CD - INDIAN BANK LTDbond | — | 0.72% |
| 37 | Small Industries Dev Bank of India 2026bond | — | 0.72% |
| 38 | CANARA BANK CD REDbond | — | 0.72% |
| 39 | HDFC Bank Limited 2026bond | — | 0.72% |
| 40 | Kotak Mahindra Bank Limited 2027bond | — | 0.72% |
| 41 | 364 DAYS T-BILL 04032027tbill | — | 0.71% |
| 42 | HDFC Bank Limited 2027bond | — | 0.71% |
| 43 | National Bank For Agriculture and Rural Development 2027bond | — | 0.71% |
| 44 | Punjab National Bank 2027bond | — | 0.71% |
| 45 | Union Bank of India 2027bond | — | 0.71% |
| 46 | Punjab National Bank 2027bond | — | 0.71% |
| 47 | CD - UNION BANK OF INDIAbond | — | 0.71% |
| 48 | National Bank For Agriculture and Rural Development 2027bond | — | 0.71% |
| 49 | 364 Days Treasury Billtbill | — | 0.7% |
| 50 | Shriram Finance Limited | Financial Services | 0.69% |
| 51 | Small Industries Development Bank of India (MD )bond | — | 0.69% |
| 52 | Jio Financial Services Limited | Financial Services | 0.68% |
| 53 | Small Industries Development Bank of Indiabond | — | 0.68% |
| 54 | PNB Housing Finance Limited | Financial Services | 0.63% |
| 55 | HDFC Life Insurance Company Limited | Financial Services | 0.57% |
| 56 | PG Electroplast Limited | Consumer Discretionary | 0.54% |
| 57 | Bharat Electronics Limited | Industrials | 0.53% |
| 58 | Bharat Heavy Electricals Limited | Industrials | 0.52% |
| 59 | ITC Limited | Consumer Staples | 0.5% |
| 60 | Bajaj Finserv Limited | Financial Services | 0.43% |
| 61 | ETERNAL LIMITED | Consumer Discretionary | 0.43% |
| 62 | Central Depository Services (India) Limited | Financial Services | 0.4% |
| 63 | Kalyan Jewellers India Limited | Consumer Discretionary | 0.39% |
| 64 | Suzlon Energy Limited | Industrials | 0.37% |
| 65 | Angel One Limited | Financial Services | 0.36% |
| 66 | Tata Steel Limited | Materials | 0.35% |
| 67 | Indus Towers Limited | Telecommunication | 0.34% |
| 68 | Yes Bank Limited | Financial Services | 0.34% |
| 69 | Supreme Industries Limited | Industrials | 0.33% |
| 70 | Cipla Limited | Healthcare | 0.32% |
| 71 | JSW Steel Limited | Materials | 0.31% |
| 72 | Infosys Limited | Information Technology | 0.3% |
| 73 | Adani Green Energy Limited | Utilities | 0.29% |
| 74 | Grasim Industries Limited | Materials | 0.29% |
| 75 | Patanjali Foods Limited | Consumer Staples | 0.28% |
| 76 | SBI Cards and Payment Services Limited | Financial Services | 0.27% |
| 77 | Muthoot Finance Limited | Financial Services | 0.27% |
| 78 | NMDC Limited | Materials | 0.26% |
| 79 | Cummins India Limited | Industrials | 0.26% |
| 80 | Swiggy Limited | Consumer Discretionary | 0.26% |
| 81 | Divi's Laboratories Limited | Healthcare | 0.25% |
| 82 | Bank of Baroda | Financial Services | 0.25% |
| 83 | Multi Commodity Exchange of India Limited | Financial Services | 0.24% |
| 84 | JINDAL STEEL LIMITED | Materials | 0.23% |
| 85 | Eicher Motors Limited | Consumer Discretionary | 0.21% |
| 86 | Hindustan Unilever Limited | Consumer Staples | 0.19% |
| 87 | Asian Paints Limited | Consumer Discretionary | 0.18% |
| 88 | Marico Limited | Consumer Staples | 0.17% |
| 89 | Godrej Properties Limited | Real Estate | 0.17% |
| 90 | Vedanta Limited | Materials | 0.16% |
| 91 | UltraTech Cement Limited | Materials | 0.16% |
| 92 | Canara Bank | Financial Services | 0.16% |
| 93 | Crompton Greaves Consumer Electricals Limited | Consumer Discretionary | 0.15% |
| 94 | LIC Housing Finance Limited | Financial Services | 0.15% |
| 95 | Apollo Hospitals Enterprise Limited | Healthcare | 0.15% |
| 96 | Hindustan Aeronautics Limited | Industrials | 0.14% |
| 97 | Life Insurance Corporation Of India | Financial Services | 0.14% |
| 98 | IDFC First Bank Limited | Financial Services | 0.14% |
| 99 | Tata Consultancy Services Limited | Information Technology | 0.13% |
| 100 | Bajaj Auto Limited | Consumer Discretionary | 0.13% |
| 101 | Bandhan Bank Limited | Financial Services | 0.12% |
| 102 | The Federal Bank Limited | Financial Services | 0.11% |
| 103 | Aurobindo Pharma Limited | Healthcare | 0.1% |
| 104 | Ambuja Cements Limited | Materials | 0.1% |
| 105 | HDFC Asset Management Company Limited | Financial Services | 0.1% |
| 106 | Adani Ports and Special Economic Zone Limited | Services | 0.1% |
| 107 | Biocon Limited | Healthcare | 0.1% |
| 108 | Pidilite Industries Limited | Materials | 0.09% |
| 109 | NBCC (India) Limited | Industrials | 0.09% |
| 110 | Coforge Limited | Information Technology | 0.08% |
| 111 | Lupin Limited | Healthcare | 0.08% |
| 112 | The Indian Hotels Company Limited | Consumer Discretionary | 0.08% |
| 113 | Hindalco Industries Limited | Materials | 0.08% |
| 114 | Varun Beverages Limited | Consumer Staples | 0.07% |
| 115 | Indian Energy Exchange Limited | Financial Services | 0.07% |
| 116 | Hero MotoCorp Limited | Consumer Discretionary | 0.07% |
| 117 | Info Edge (India) Limited | Consumer Discretionary | 0.07% |
| 118 | Zydus Lifesciences Limited | Healthcare | 0.06% |
| 119 | APL Apollo Tubes Limited | Industrials | 0.06% |
| 120 | Premier Energies Limited | Industrials | 0.06% |
| 121 | SBI Life Insurance Company Limited | Financial Services | 0.06% |
| 122 | GAIL (India) Limited | Utilities | 0.05% |
| 123 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.05% |
| 124 | Max Financial Services Limited | Financial Services | 0.05% |
| 125 | Adani Energy Solutions Limited | Utilities | 0.04% |
| 126 | DLF Limited | Real Estate | 0.04% |
| 127 | Polycab India Limited | Industrials | 0.04% |
| 128 | Bharat Petroleum Corporation Limited | Energy | 0.03% |
| 129 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 0.03% |
| 130 | Oil & Natural Gas Corporation Limited | Energy | 0.03% |
| 131 | Bharat Forge Limited | Consumer Discretionary | 0.03% |
| 132 | Alkem Laboratories Limited | Healthcare | 0.02% |
| 133 | Hindustan Petroleum Corporation Limited | Energy | 0.02% |
| 134 | Tube Investments of India Limited | Consumer Discretionary | 0.02% |
| 135 | NTPC Limited | Utilities | 0.01% |
| 136 | Dabur India Limited | Consumer Staples | 0.01% |
| 137 | Glenmark Pharmaceuticals Limited | Healthcare | 0.01% |
| 138 | Titan Company Limited | Consumer Discretionary | 0.01% |
| 139 | United Spirits Limited | Consumer Staples | 0.01% |
| 140 | Radico Khaitan Limited | Consumer Staples | 0.01% |
| 141 | Oil India Limited | Energy | 0% |
| 142 | Oil India Limited Futureother | — | 0% |
| 143 | Radico Khaitan Limited Futureother | — | -0.01% |
| 144 | United Spirits Limited Futureother | — | -0.01% |
| 145 | Titan Company Limited Futureother | — | -0.01% |
| 146 | Glenmark Pharmaceuticals Limited Futureother | — | -0.01% |
| 147 | Dabur India Limited Futureother | — | -0.01% |
| 148 | NTPC Limited Futureother | — | -0.01% |
| 149 | Tube Investments of India Limited Futureother | — | -0.02% |
| 150 | Hindustan Petroleum Corporation Limited Futureother | — | -0.02% |
| 151 | ICICI Bank Limited Futureother | — | -0.02% |
| 152 | Alkem Laboratories Limited Futureother | — | -0.02% |
| 153 | Jio Financial Services Limited Futureother | — | -0.02% |
| 154 | State Bank of India Futureother | — | -0.03% |
| 155 | Oil & Natural Gas Corporation Limited Futureother | — | -0.03% |
| 156 | Bharat Forge Limited Futureother | — | -0.03% |
| 157 | Tata Consumer Products Limited Futureother | — | -0.03% |
| 158 | Bharat Petroleum Corporation Limited Futureother | — | -0.04% |
| 159 | Polycab India Limited Futureother | — | -0.04% |
| 160 | ITC Limited Futureother | — | -0.04% |
| 161 | DLF Limited Futureother | — | -0.04% |
| 162 | Adani Energy Solutions Limited Futureother | — | -0.04% |
| 163 | Max Financial Services Limited Futureother | — | -0.05% |
| 164 | Tata Motors Passenger Vehicles Limited Futureother | — | -0.05% |
| 165 | GAIL (India) Limited Futureother | — | -0.05% |
| 166 | CG Power and Industrial Solutions Limited Futureother | — | -0.05% |
| 167 | SBI Life Insurance Company Limited Futureother | — | -0.06% |
| 168 | Premier Energies Limited Futureother | — | -0.06% |
| 169 | APL Apollo Tubes Limited Futureother | — | -0.06% |
| 170 | Zydus Lifesciences Limited Futureother | — | -0.06% |
| 171 | Info Edge (India) Limited Futureother | — | -0.07% |
| 172 | Hero MotoCorp Limited Futureother | — | -0.07% |
| 173 | Indian Energy Exchange Limited Futureother | — | -0.07% |
| 174 | Varun Beverages Limited Futureother | — | -0.07% |
| 175 | Hindalco Industries Limited Futureother | — | -0.08% |
| 176 | The Indian Hotels Company Limited Futureother | — | -0.08% |
| 177 | Lupin Limited Futureother | — | -0.08% |
| 178 | Coforge Limited Futureother | — | -0.09% |
| 179 | NBCC (India) Limited Futureother | — | -0.09% |
| 180 | Pidilite Industries Limited Futureother | — | -0.09% |
| 181 | Biocon Limited Futureother | — | -0.1% |
| 182 | Adani Ports and Special Economic Zone Limited Futureother | — | -0.1% |
| 183 | HDFC Asset Management Company Limited Futureother | — | -0.1% |
| 184 | Ambuja Cements Limited Futureother | — | -0.1% |
| 185 | Aurobindo Pharma Limited Futureother | — | -0.1% |
| 186 | The Federal Bank Limited Futureother | — | -0.11% |
| 187 | Bandhan Bank Limited Futureother | — | -0.12% |
| 188 | Bajaj Auto Limited Futureother | — | -0.13% |
| 189 | Tata Consultancy Services Limited Futureother | — | -0.13% |
| 190 | IDFC First Bank Limited Futureother | — | -0.14% |
| 191 | Life Insurance Corporation Of India Futureother | — | -0.14% |
| 192 | Apollo Hospitals Enterprise Limited Futureother | — | -0.14% |
| 193 | Hindustan Aeronautics Limited Futureother | — | -0.15% |
| 194 | LIC Housing Finance Limited Futureother | — | -0.15% |
| 195 | Crompton Greaves Consumer Electricals Limited Futureother | — | -0.15% |
| 196 | UltraTech Cement Limited Futureother | — | -0.16% |
| 197 | Canara Bank Futureother | — | -0.16% |
| 198 | Vedanta Limited Futureother | — | -0.16% |
| 199 | Godrej Properties Limited Futureother | — | -0.17% |
| 200 | Mahindra & Mahindra Limited Futureother | — | -0.17% |
| 201 | Marico Limited Futureother | — | -0.17% |
| 202 | Asian Paints Limited Futureother | — | -0.18% |
| 203 | Hindustan Unilever Limited Futureother | — | -0.19% |
| 204 | Eicher Motors Limited Futureother | — | -0.21% |
| 205 | Jindal Steel Limited Futureother | — | -0.23% |
| 206 | Multi Commodity Exchange of India Limited Futureother | — | -0.24% |
| 207 | Divi's Laboratories Limited Futureother | — | -0.26% |
| 208 | Bank of Baroda Futureother | — | -0.26% |
| 209 | Swiggy Limited Futureother | — | -0.26% |
| 210 | Cummins India Limited Futureother | — | -0.26% |
| 211 | NMDC Limited Futureother | — | -0.26% |
| 212 | Muthoot Finance Limited Futureother | — | -0.27% |
| 213 | Reliance Industries Limited Futureother | — | -0.27% |
| 214 | SBI Cards and Payment Services Limited Futureother | — | -0.27% |
| 215 | Patanjali Foods Limited Futureother | — | -0.28% |
| 216 | Grasim Industries Limited Futureother | — | -0.29% |
| 217 | Adani Green Energy Limited Futureother | — | -0.29% |
| 218 | Infosys Limited Futureother | — | -0.31% |
| 219 | JSW Steel Limited Futureother | — | -0.31% |
| 220 | Cipla Limited Futureother | — | -0.32% |
| 221 | Supreme Industries Limited Futureother | — | -0.33% |
| 222 | Yes Bank Limited Futureother | — | -0.34% |
| 223 | Indus Towers Limited Futureother | — | -0.34% |
| 224 | Tata Steel Limited Futureother | — | -0.36% |
| 225 | Angel One Limited Futureother | — | -0.36% |
| 226 | Suzlon Energy Limited Futureother | — | -0.37% |
| 227 | Kalyan Jewellers India Limited Futureother | — | -0.39% |
| 228 | Central Depository Services (India) Limited Futureother | — | -0.41% |
| 229 | Eternal Limited Futureother | — | -0.43% |
| 230 | Bajaj Finserv Limited Futureother | — | -0.43% |
| 231 | ITC Limited Futureother | — | -0.46% |
| 232 | Bharat Heavy Electricals Limited Futureother | — | -0.52% |
| 233 | Bharat Electronics Limited Futureother | — | -0.54% |
| 234 | PG Electroplast Limited Futureother | — | -0.54% |
| 235 | HDFC Life Insurance Company Limited Futureother | — | -0.57% |
| 236 | PNB Housing Finance Limited Futureother | — | -0.64% |
| 237 | Jio Financial Services Limited Futureother | — | -0.66% |
| 238 | Shriram Finance Limited Futureother | — | -0.7% |
| 239 | Sun Pharmaceutical Industries Limited Futureother | — | -0.74% |
| 240 | IndusInd Bank Limited Futureother | — | -0.75% |
| 241 | RBL Bank Limited Futureother | — | -0.78% |
| 242 | Samvardhana Motherson International Limited Futureother | — | -0.88% |
| 243 | Inox Wind Limited Futureother | — | -0.88% |
| 244 | Ashok Leyland Limited Futureother | — | -0.98% |
| 245 | State Bank of India Futureother | — | -1.09% |
| 246 | One 97 Communications Limited Futureother | — | -1.1% |
| 247 | Adani Enterprises Limited Futureother | — | -1.11% |
| 248 | Larsen & Toubro Limited Futureother | — | -1.19% |
| 249 | Steel Authority of India Limited Futureother | — | -1.21% |
| 250 | Vodafone Idea Limited Futureother | — | -1.34% |
| 251 | Mahindra & Mahindra Limited Futureother | — | -1.36% |
| 252 | HDFC Bank Limited Futureother | — | -1.47% |
| 253 | Maruti Suzuki India Limited Futureother | — | -1.73% |
| 254 | Bajaj Finance Limited Futureother | — | -1.73% |
| 255 | InterGlobe Aviation Limited Futureother | — | -1.73% |
| 256 | Aditya Birla Capital Limited Futureother | — | -2.16% |
| 257 | ICICI Bank Limited Futureother | — | -2.27% |
| 258 | CG Power and Industrial Solutions Limited Futureother | — | -2.34% |
| 259 | Kotak Mahindra Bank Limited Futureother | — | -2.39% |
| 260 | Axis Bank Limited Futureother | — | -2.53% |
| 261 | AU Small Finance Bank Limited Futureother | — | -3.07% |
| 262 | TVS Motor Company Limited Futureother | — | -3.4% |
| 263 | Cholamandalam Investment and Finance Company Ltd Futureother | — | -3.49% |
| 264 | Bharti Airtel Limited Futureother | — | -3.65% |
| 265 | HDFC Bank Limited Futureother | — | -4% |
| 266 | Reliance Industries Limited Futureother | — | -4.33% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Motilal Oswal Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.