Motilal Oswal Asset Management Company Limited

(Investment Manager for Motilal Oswal Mutual Fund)

Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal M50 ETF (MOFM50)
(An open ended scheme replicating/tracking Nifty 50 Index)
Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) Listed / Awaiting Listing on Stock Exchanges
1 HDFC Bank Limited INE040A01026 Banks 9,543 221.29 10.62
2 Reliance Industries Limited INE002A01018 Petroleum Products 15,183 206.98 9.93
3 Housing Development Finance Corporation Limited INE001A01036 Finance 7,319 144.06 6.91
4 Infosys Limited INE009A01021 Software 16,860 125.41 6.02
5 ICICI Bank Limited INE090A01021 Banks 28,587 114.49 5.49
6 ITC Limited INE154A01025 Consumer Non Durables 38,049 113.10 5.43
7 Tata Consultancy Services Limited INE467B01029 Software 4,661 93.30 4.48
8 Kotak Mahindra Bank Limited INE237A01028 Banks 5,925 79.07 3.79
9 Larsen & Toubro Limited INE018A01030 Construction Project 5,475 75.85 3.64
10 Axis Bank Limited INE238A01034 Banks 8,668 67.37 3.23
11 Hindustan Unilever Limited INE030A01027 Consumer Non Durables 3,169 54.09 2.60
12 State Bank of India INE062A01020 Banks 16,627 53.33 2.56
13 IndusInd Bank Limited INE095A01012 Banks 2,272 40.44 1.94
14 Maruti Suzuki India Limited INE585B01010 Auto 590 39.37 1.89
15 Bajaj Finance Limited INE296A01024 Finance 1,051 31.79 1.53
16 Asian Paints Limited INE021A01026 Consumer Non Durables 2,000 29.85 1.43
17 Mahindra & Mahindra Limited INE101A01026 Auto 4,136 27.87 1.34
18 HCL Technologies Limited INE860A01027 Software 2,406 26.16 1.26
19 NTPC Limited INE733E01010 Power 17,995 24.24 1.16
20 Sun Pharmaceutical Industries Limited INE044A01036 Pharmaceuticals 4,896 23.44 1.12
21 Yes Bank Limited INE528G01027 Banks 8,211 22.59 1.08
22 Tech Mahindra Limited INE669C01036 Software 2,792 21.66 1.04
23 Oil & Natural Gas Corporation Limited INE213A01029 Oil 13,393 21.40 1.03
24 Titan Company Limited INE280A01028 Consumer Durables 1,851 21.14 1.01
25 Power Grid Corporation of India Limited INE752E01010 Power 10,211 20.21 0.97
26 Bharti Airtel Limited INE397D01024 Telecom - Services 5,851 19.49 0.94
27 Bajaj Finserv Limited INE918I01018 Finance 268 18.86 0.90
28 UltraTech Cement Limited INE481G01011 Cement 463 18.51 0.89
29 Coal India Limited INE522F01014 Minerals/Mining 7,434 17.63 0.85
30 Bajaj Auto Limited INE917I01010 Auto 603 17.55 0.84
31 Tata Steel Limited INE081A01012 Ferrous Metals 3,348 17.44 0.84
32 Wipro Limited INE075A01022 Software 6,691 17.05 0.82
33 Indian Oil Corporation Limited INE242A01010 Petroleum Products 10,440 17.00 0.82
34 Britannia Industries Limited INE216A01030 Consumer Non Durables 522 16.11 0.77
35 UPL Limited INE628A01036 Pesticides 1,627 15.60 0.75
36 Grasim Industries Limited INE047A01021 Cement 1,750 15.01 0.72
37 Dr. Reddy's Laboratories Limited INE089A01023 Pharmaceuticals 538 14.96 0.72
38 Vedanta Limited INE205A01025 Non - Ferrous Metals 8,079 14.90 0.71
39 Hero MotoCorp Limited INE158A01026 Auto 576 14.71 0.71
40 Tata Motors Limited INE155A01022 Auto 8,069 14.06 0.67
41 GAIL (India) Limited INE129A01019 Gas 4,001 13.91 0.67
42 Bharat Petroleum Corporation Limited INE029A01011 Petroleum Products 3,464 13.77 0.66
43 Hindalco Industries Limited INE038A01020 Non - Ferrous Metals 6,474 13.30 0.64
44 Adani Ports and Special Economic Zone Limited INE742F01042 Transportation 3,491 13.20 0.63
45 JSW Steel Limited INE019A01038 Ferrous Metals 4,503 13.20 0.63
46 Eicher Motors Limited INE066A01013 Auto 62 12.74 0.61
47 Indiabulls Housing Finance Limited INE148I01020 Finance 1,479 12.69 0.61
48 Cipla Limited INE059A01026 Pharmaceuticals 2,252 11.91 0.57
49 Bharti Infratel Limited INE121J01017 Telecom - Equipment & Accessories 3,774 11.83 0.57
50 Zee Entertainment Enterprises Limited INE256A01028 Media & Entertainment 2,471 11.01 0.53
Sub Total 2,074.94 99.57
(b) Unlisted Nil Nil
Total 2,074.94 99.57
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) Nil Nil
Total Nil Nil
(D) FIXED DEPOSITS
 Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets 9.27 0.44
Total 9.27 0.44
GRAND TOTAL 2,084.21 100.01
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year (Rs. per unit) ## 105.5901
4. NAV at the end of the half year (Rs. per unit) ### 112.6798
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 0.0229
8. Dividend declared during the half year period Nil
# Industry classification as recommended by AMFI.
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : + 91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )

Motilal Oswal Midcap 100 ETF (MOFM100)

(An open ended scheme replicating / tracking Nifty Midcap 100 Index)

Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 RBL Bank Limited INE976G01028 Banks 14,924 101.54 4.01
2 The Federal Bank Limited INE171A01029 Banks 71,703 69.16 2.73
3 LIC Housing Finance Limited INE115A01026 Finance 10,338 55.02 2.17
4 Voltas Limited INE226A01021 Consumer Durables 8,364 52.65 2.08
5 REC Limited INE020B01018 Finance 33,518 51.25 2.02
6 Tata Power Company Limited INE245A01021 Power 65,439 48.29 1.91
7 Bharat Forge Limited INE465A01025 Industrial Products 9,079 46.52 1.84
8 Power Finance Corporation Limited INE134E01011 Finance 37,180 45.77 1.81
9 Info Edge (India) Limited INE663F01024 Software 2,469 45.49 1.80
10 Mahindra & Mahindra Financial Services Limited INE774D01024 Finance 10,708 45.10 1.78
11 Apollo Hospitals Enterprise Limited INE437A01024 Healthcare Services 3,316 40.71 1.61
12 The Indian Hotels Company Limited INE053A01029 Hotels, Resorts And Other Recreational Activities 26,149 40.50 1.60
13 Indraprastha Gas Limited INE203G01027 Gas 12,639 38.61 1.52
14 Cholamandalam Investment and Finance Company Limited INE121A01016 Finance 2,654 38.55 1.52
15 Edelweiss Financial Services Limited INE532F01054 Finance 19,192 37.95 1.50
16 Jubilant Foodworks Limited INE797F01012 Consumer Non Durables 2,621 37.85 1.49
17 Tata Chemicals Limited INE092A01019 Chemicals 6,347 37.37 1.48
18 AU Small Finance Bank Limited INE949L01017 Banks 6,229 37.10 1.47
19 MindTree Limited INE018I01017 Software 3,914 36.97 1.46
20 IDFC First Bank Limited INE092T01019 Banks 66,121 36.70 1.45
21 Cummins India Limited INE298A01020 Industrial Products 4,905 36.59 1.45
22 Exide Industries Limited INE302A01020 Auto Ancillaries 16,575 36.25 1.43
23 The Ramco Cements Limited INE331A01037 Cement 4,849 35.68 1.41
24 Punjab National Bank INE160A01022 Banks 37,068 35.40 1.40
25 Glenmark Pharmaceuticals Limited INE935A01035 Pharmaceuticals 5,400 34.95 1.38
26 TVS Motor Company Limited INE494B01023 Auto 7,377 34.74 1.37
27 Torrent Pharmaceuticals Limited INE685A01028 Pharmaceuticals 1,772 34.55 1.36
28 Crompton Greaves Consumer Electricals Limited INE299U01018 Consumer Durables 14,942 33.95 1.34
29 Rajesh Exports Limited INE343B01030 Consumer Durables 4,904 32.66 1.29
30 MphasiS Limited INE356A01018 Software 3,227 31.98 1.26
31 Gruh Finance Limited INE580B01029 Finance 11,125 30.68 1.21
32 Tata Global Beverages Limited INE192A01025 Consumer Non Durables 15,041 30.68 1.21
33 Bata India Limited INE176A01028 Consumer Durables 2,181 30.64 1.21
34 Max Financial Services Limited INE180A01020 Finance 6,987 30.41 1.20
35 Future Retail Limited INE752P01024 Retailing 6,534 29.65 1.17
36 Bharat Electronics Limited INE263A01024 Industrial Capital Goods 31,614 29.48 1.16
37 Balkrishna Industries Limited INE787D01026 Auto Ancillaries 2,932 29.19 1.15
38 Castrol India Limited INE172A01027 Petroleum Products 17,501 29.12 1.15
39 GlaxoSmithKline Consumer Healthcare Limited INE264A01014 Consumer Non Durables 401 29.06 1.15
40 Berger Paints (I) Limited INE463A01038 Consumer Non Durables 8,767 28.38 1.12
41 Apollo Tyres Limited INE438A01022 Auto Ancillaries 12,187 27.15 1.07
42 Larsen & Toubro Infotech Limited INE214T01019 Software 1,566 26.66 1.05
43 Indiabulls Ventures Limited INE274G01010 Finance 7,917 25.82 1.02
44 Jindal Steel & Power Limited INE749A01030 Ferrous Metals 14,331 25.75 1.02
45 Alkem Laboratories Limited INE540L01014 Pharmaceuticals 1,468 25.70 1.01
46 Aditya Birla Fashion and Retail Limited INE647O01011 Retailing 11,426 25.18 0.99
47 Manappuram Finance Limited INE522D01027 Finance 19,782 24.79 0.98
48 PI Industries Limited INE603J01030 Pesticides 2,392 24.68 0.97
49 SRF Limited INE647A01010 Textile Products 996 23.93 0.95
50 Muthoot Finance Limited INE414G01012 Finance 3,761 23.15 0.91
51 Oberoi Realty Limited INE093I01010 Construction 4,202 22.20 0.88
52 Canara Bank INE476A01014 Banks 7,339 21.38 0.84
53 Amara Raja Batteries Limited INE885A01032 Auto Ancillaries 2,961 21.32 0.84
54 Sun TV Network Limited INE424H01027 Media & Entertainment 3,364 21.13 0.83
55 Escorts Limited INE042A01014 Auto 2,523 20.08 0.79
56 Coromandel International Limited INE169A01031 Fertilisers 3,908 19.83 0.78
57 Gujarat State Petronet Limited INE246F01010 Gas 10,386 19.81 0.78
58 Aditya Birla Capital Limited INE674K01013 Finance 20,294 19.73 0.78
59 Oil India Limited INE274J01014 Oil 10,462 19.40 0.77
60 Natco Pharma Limited INE987B01026 Pharmaceuticals 3,202 18.36 0.73
61 PNB Housing Finance Limited INE572E01012 Finance 2,117 18.31 0.72
62 Mahanagar Gas Limited INE002S01010 Gas 1,712 18.06 0.71
63 Jubilant Life Sciences Limited INE700A01033 Pharmaceuticals 2,703 17.97 0.71
64 Pfizer Limited INE182A01018 Pharmaceuticals 531 17.66 0.70
65 Godrej Industries Limited INE233A01035 Consumer Non Durables 3,037 16.29 0.64
66 National Aluminium Company Limited INE139A01034 Non - Ferrous Metals 28,968 16.06 0.63
67 GMR Infrastructure Limited INE776C01039 Construction Project 80,645 15.97 0.63
68 Torrent Power Limited INE813H01021 Power 6,074 15.64 0.62
69 Sterlite Technologies Limited INE089C01029 Telecom - Equipment & Accessories 6,686 14.61 0.58
70 Endurance Technologies Limited INE913H01037 Auto Ancillaries 1,248 14.49 0.57
71 Future Consumer Enterprise Limited INE220J01025 Retailing 31,872 14.29 0.56
72 Hexaware Technologies Limited INE093A01033 Software 3,978 13.74 0.54
73 Union Bank of India INE692A01016 Banks 13,925 13.31 0.53
74 Engineers India Limited INE510A01028 Construction Project 10,953 12.85 0.51
75 Adani Power Limited INE814H01011 Power 26,462 12.75 0.50
76 NBCC (India) Limited INE095N01031 Construction 18,849 12.50 0.49
77 V-Guard Industries Limited INE951I01027 Consumer Durables 5,550 12.34 0.49
78 Syngene International Limited INE398R01022 Pharmaceuticals 2,022 12.04 0.48
79 HEG Limited INE545A01016 Industrial Products 563 11.79 0.47
80 Quess Corp Limited INE615P01015 Services 1,530 11.43 0.45
81 Bank of India INE084A01016 Banks 10,954 11.42 0.45
82 L&T Technology Services Limited INE010V01017 Software 710 11.16 0.44
83 Graphite India Limited INE371A01025 Industrial Products 2,469 11.03 0.44
84 JSW Energy Limited INE121E01018 Power 14,814 10.75 0.42
85 Prestige Estates Projects Limited INE811K01011 Construction 4,062 10.27 0.41
86 Ajanta Pharma Limited INE031B01049 Pharmaceuticals 954 9.88 0.39
87 Dewan Housing Finance Corporation Limited INE202B01012 Finance 6,346 9.53 0.38
88 Dish TV India Limited INE836F01026 Media & Entertainment 23,271 9.05 0.36
89 Reliance Capital Limited INE013A01015 Finance 4,289 8.77 0.35
90 Indian Bank INE562A01011 Banks 3,122 8.74 0.35
91 Bombay Burmah Trading Corporation Limited INE050A01025 Consumer Non Durables 655 8.51 0.34
92 Dilip Buildcon Limited INE917M01012 Construction Project 1,185 7.60 0.30
93 Reliance Infrastructure Limited INE036A01016 Power 4,843 6.63 0.26
94 Godrej Agrovet Limited INE850D01014 Consumer Non Durables 1,106 5.62 0.22
95 Mangalore Refinery and Petrochemicals Limited INE103A01014 Petroleum Products 6,962 5.17 0.20
96 Sun Pharma Advanced Research Company Limited INE232I01014 Pharmaceuticals 2,637 5.04 0.20
97 Varroc Engineering Limited INE665L01035 Auto Ancillaries 730 4.23 0.17
98 IDBI Bank Limited INE008A01015 Banks 8,381 3.91 0.15
99 Housing & Urban Development Corporation Limited INE031A01017 Finance 7,229 3.25 0.13
100 Reliance Power Limited INE614G01033 Power 25,323 2.87 0.11
Sub Total 2,488.72 98.27
(b) Unlisted Nil Nil
Total 2,488.72 98.27
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) Nil Nil
Total Nil Nil
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets 43.34 1.73
Total 43.34 1.73
GRAND TOTAL 2,532.06 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year (Rs. per unit) ## 17.7477
4. NAV at the end of the half year (Rs. per unit) ### 18.8907
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 0.3559
8. Dividend declared during the half year period Nil
# Industry classification as recommended by AMFI.
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Nasdaq 100 ETF (MOFN100)
(An open ended scheme replicating/ tracking NASDAQ-100 Index)
Sr. Market Value
Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
No. (Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
Foreign Securities/Overseas ETFs
1 Microsoft Corp US5949181045 Systems Software 17,442 1,422.23 10.09
2 Apple Inc. US0378331005 Technology Hardware, Storage & Peripherals 10,782 1,415.96 10.04
3 Amazon Com Inc US0231351067 Internet & Direct Marketing Retail 1,112 1,369.06 9.71
4 Alphabet Inc US02079K1079 Interactive Media & Services 800 648.96 4.60
5 Facebook Inc US30303M1027 Interactive Media & Services 5,512 635.23 4.50
6 Alphabet Inc A US02079K3059 Interactive Media & Services 698 567.94 4.03
7 INTEL CORP US4581401001 Semiconductors 11,506 427.18 3.03
8 CISCO SYS INC COM US17275R1023 Communications Equipment 11,337 423.18 3.00
9 COMCAST CORP-CLASS A US20030N1019 Cable & Satellite 11,448 316.44 2.24
10 PEPSICO INC US7134481081 Soft Drinks 3,601 305.11 2.16
11 Netflix Inc US64110L1061 Movies & Entertainment 1,101 271.41 1.92
12 ADOBE INC US00724F1012 Application Software 1,231 226.81 1.61
13 Broadcom Inc US11135F1012 Semiconductors 1,042 216.64 1.54
14 Paypal Holdings Inc US70450Y1038 Data Processing & Outsourced Services 2,970 213.22 1.51
15 AMGEN INC US0311621009 Biotechnology 1,606 210.94 1.50
16 NVIDIA CORP COM US67066G1040 Semiconductors 1,540 191.18 1.36
17 COSTCO WHSL CORP NEW COM US22160K1051 Hypermarkets and Supercenters 1,106 185.15 1.31
18 TEXAS INSTRS INC COM US8825081040 Semiconductors 2,421 177.54 1.26
19 Starbucks ORD US8552441094 Restaurants 3,130 160.87 1.14
20 GILEAD SCIENCES INC US3755581036 Biotechnology 3,263 146.66 1.04
21 Booking Holdings Inc US09857L1089 Internet & Direct Marketing Retail 117 141.15 1.00
22 Charter Communications Inc US16119P1084 Cable & Satellite 577 138.39 0.98
23 Mondelez International Inc US6092071058 Packaged Foods & Meats 3,665 126.49 0.90
24 AUTOMATIC DATA PROCESS COM US0530151036 Data Processing & Outsourced Services 1,105 122.04 0.87
25 QUALCOMM INC US7475251036 Semiconductors 3,057 120.53 0.85
26 The Walt Disney Company US2546871060 Movies & Entertainment 1,553 119.21 0.85
27 INTUIT INC US4612021034 Application Software 655 118.38 0.84
28 CELGENE CORP COM US1510201049 Biotechnology 1,765 115.12 0.82
29 Intuitive Surgical Inc US46120E6023 Health Care Equipment 290 114.40 0.81
30 CSX Corp US1264081035 Railroads 2,130 110.18 0.78
31 WALGREENS BOOTS ALLIANCE INC WBA US9314271084 Drug Retail 2,393 104.68 0.74
32 T-Mobile US Inc US8725901040 Wireless Telecommunication Services 2,140 102.24 0.73
33 Tesla Inc US88160R1014 Automobile Manufacturers 434 83.97 0.60
34 BIOGEN INC US09062X1037 Biotechnology 506 82.69 0.59
35 VERTEX PHARMACEUTICALS INC COM USD0.01 US92532F1003 Biotechnology 646 82.16 0.58
36 MICRON TECHNOLOGY INC COM US5951121038 Semiconductors 2,859 81.69 0.58
37 Baidu Inc Spon ADR US0567521085 Interactive Media & Services 707 80.58 0.57
38 Illumina Inc US4523271090 Life Sciences Tools & Services 370 79.48 0.56
39 REGENERON PHARMACEUTIC COM US75886F1075 Biotechnology 267 75.80 0.54
40 MARRIOTT INTERNATIONAL -CL A US5719032022 Hotels, Resorts & Cruise Lines 862 74.55 0.53
41 Cognizant Technology Solutions Corp US1924461023 IT Consulting & Other Services 1,461 73.18 0.52
42 The Kraft Heinz Company US5007541064 Packaged Foods & Meats 3,074 69.39 0.49
43 APPLIED MATLS INC COM US0382221051 Semiconductor Equipment 2,479 67.97 0.48
44 ANALOG DEVICES INC COM US0326541051 Semiconductors 932 67.83 0.48
45 Ebay Inc US2786421030 Internet & Direct Marketing Retail 2,426 62.29 0.44
46 FISERV INC COM US3377381088 Data Processing & Outsourced Services 1,005 61.34 0.43
47 ACTIVISION BLIZZARD INC US00507V1098 Interactive Home Entertainment 1,924 60.56 0.43
48 ROSS STORES INC COM US7782961038 Apparel Retail 940 60.50 0.43
49 AUTODESK INC COM US0527691069 Application Software 552 59.47 0.42
50 XILINX INC COM US9839191015 Semiconductors 640 56.10 0.40
51 O'Reilly Automotive Inc US67103H1077 Automotive Retail 203 54.50 0.39
52 ELECTRONIC ARTS INC COM US2855121099 Interactive Home Entertainment 763 53.61 0.38
53 Alexion Pharmaceuticals Inc US0153511094 Biotechnology 563 52.62 0.37
54 Monster Beverage Corp US61174X1090 Soft Drinks 1,393 52.57 0.37
55 NXP Semiconductors N.V. NL0009538784 Semiconductors 828 50.60 0.36
56 XCEL ENERGY INC COM US98389B1008 Electric Utilities 1,294 50.29 0.36
57 PAYCHEX INC COM US7043261079 Data Processing & Outsourced Services 905 50.18 0.36
58 Workday Inc US98138H1014 Application Software 374 49.87 0.35
59 JD Com Inc ADR US47215P1066 Internet & Direct Marketing Retail 2,331 48.59 0.34
60 LAM RESEARCH CORP COM US5128071082 Semiconductor Equipment 389 48.14 0.34
61 ADVANCED MICRO DEVICES COM US0079031078 Semiconductors 2,519 44.44 0.32
62 SIRIUS XM HOLDINGS INC US82968B1035 Cable & Satellite 11,201 43.91 0.31
63 DOLLAR TREE INC US2567461080 General Merchandise Stores 599 43.50 0.31
64 PACCAR INC COM US6937181088 Construction Machinery & Heavy Trucks 882 41.55 0.29
65 MercadoLibre Inc US58733R1023 Internet & Direct Marketing Retail 114 40.02 0.28
66 Align Technology Inc US0162551016 Health Care Supplies 203 39.91 0.28
67 WILLIS TOWERS WATSON PLC IE00BDB6Q211 Insurance Brokers 328 39.83 0.28
68 VERISIGN INC COM US92343E1029 Internet Services & Infrastructure 306 38.41 0.27
69 Verisk Analytics Inc US92345Y1064 Research & Consulting Services 416 38.25 0.27
70 UNITED CONTINENTAL HOLDINGS US9100471096 Airlines 687 37.89 0.27
71 CINTAS CORP COM US1729081059 Diversified Support Services 268 37.45 0.27
72 CTRIP.COM INTERNATIONAL-ADR ADS EA REP 1 US22943F1003 Internet & Direct Marketing Retail 1,228 37.09 0.26
73 Ulta Beauty Inc US90384S3031 Specialty Stores 149 35.92 0.25
74 LULULEMON ATHLETICA INC US5500211090 Apparel, Accessories and Luxury Goods 310 35.12 0.25
75 CHECK POINT SOFTWARE T ORD IL0010824113 Systems Software 392 34.28 0.24
76 Microchip Technology Inc US5950171042 Semiconductors 595 34.13 0.24
77 IDEXX LABORATORIES INC COM USD0.10 US45168D1046 Health Care Equipment 218 33.70 0.24
78 Cerner Corp US1567821046 Health Care Technology 830 32.83 0.23
79 FASTENAL CO US3119001044 Trading Companies & Distributors 722 32.10 0.23
80 INCYTE GENOMICS INC COM US45337C1027 Biotechnology 538 31.99 0.23
81 KLA-TENCOR CORP COM US4824801009 Semiconductor Equipment 384 31.70 0.22
82 CADENCE DESIGN SYSTEM COM US1273871087 Application Software 710 31.18 0.22
83 NETEASE INC-ADR US64110W1027 Interactive Home Entertainment 186 31.05 0.22
84 NETAPP INC US64110D1046 Technology Hardware, Storage & Peripherals 637 30.54 0.22
85 SYNOPSYS INC COM US8716071076 Application Software 373 29.70 0.21
86 EXPEDIA INC US30212P3038 Internet & Direct Marketing Retail 343 28.22 0.20
87 BIOMARIN PHARMACEUTICAL INC COM USD0.001 US09061G1013 Biotechnology 449 27.58 0.20
88 MAXIM INTEGRATED PRODS COM US57772K1016 Semiconductors 698 25.66 0.18
89 SYMANTEC CORP COM US8715031089 Systems Software 1,610 25.59 0.18
90 SKYWORKS SOLUTIONS INC COM US83088M1027 Semiconductors 448 25.55 0.18
91 American Airlines Group Inc US02376R1023 Airlines 1,160 25.47 0.18
92 MYLAN NV NL0011031208 Pharmaceuticals 1,298 25.43 0.18
93 WESTERN DIGITAL CORP COM US9581021055 Technology Hardware, Storage & Peripherals 728 24.19 0.17
94 CITRIX SYSTEMS INC COM US1773761002 Application Software 340 23.43 0.17
95 LIBERTY GLOBAL INC-C W/I COM SER C GB00B8W67B19 Cable & Satellite 1,357 22.71 0.16
96 WYNN RESORTS LTD US9831341071 Casinos & Gaming 273 22.52 0.16
97 FOX-Registered Shs-A US35137L1052 Broadcasting 887 22.51 0.16
98 ASML Holding NV USN070592100 Semiconductor Equipment 173 22.49 0.16
99 HUNT J B TRANS COM US4456581077 Trucking 274 19.19 0.14
100 TAKE-TWO INTERACTIVE S COM US8740541094 Interactive Home Entertainment 289 18.86 0.13
101 HASBRO INC COM US4180561072 Leisure Products 320 18.81 0.13
102 FOX-Registered Shares-B US35137L2043 Broadcasting 671 16.65 0.12
103 HENRY SCHEIN INC COM USD0.01 US8064071025 Health Care Distributors 383 15.92 0.11
104 LIBERTY GLOBAL PLC GB00B8W67662 Cable & Satellite 517 8.91 0.06
Sub Total 14,081.22 99.83
(b) Unlisted Nil Nil
Total 14,081.22 99.83
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) Nil Nil
Total Nil Nil
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets 20.28 0.17
Total 20.28 0.17
GRAND TOTAL 14,101.50 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year (Rs. per unit) ## 540.6204
4. NAV at the end of the half year (Rs. per unit) ### 494.2227
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period 14081.22 Lakhs
7. Portfolio Turnover Ratio 0.0044
8. Dividend declared during the half year period Nil
# Industry classification is as per Global Industry Classification Standard.
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Focused 25 Fund (MOF25)
(An open ended equity scheme investing in maximum 25 stocks intending to focus on Large Cap stocks)

Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 HDFC Bank Limited INE040A01026 Banks 491,800 11,404.35 10.31
2 HDFC Life Insurance Company Limited INE795G01014 Finance 1,810,974 6,854.54 6.20
3 ICICI Bank Limited INE090A01021 Banks 1,710,600 6,850.95 6.20
4 Kotak Mahindra Bank Limited INE237A01028 Banks 472,362 6,303.67 5.70
5 ICICI Lombard General Insurance Company Limited INE765G01017 Finance 565,306 5,841.31 5.28
6 Axis Bank Limited INE238A01034 Banks 701,000 5,448.52 4.93
7 Larsen & Toubro Limited INE018A01030 Construction Project 381,950 5,291.15 4.78
8 Infosys Limited INE009A01021 Software 662,900 4,930.98 4.46
9 Maruti Suzuki India Limited INE585B01010 Auto 72,244 4,820.52 4.36
10 Tata Consultancy Services Limited INE467B01029 Software 225,590 4,515.52 4.08
11 ABB India Limited INE117A01022 Industrial Capital Goods 340,463 4,480.49 4.05
12 Eicher Motors Limited INE066A01013 Auto 20,034 4,116.53 3.72
13 Max Financial Services Limited INE180A01020 Finance 915,647 3,984.90 3.60
14 Britannia Industries Limited INE216A01030 Consumer Non Durables 126,129 3,891.71 3.52
15 Container Corporation of India Limited INE111A01025 Transportation 717,745 3,770.31 3.41
16 Havells India Limited INE176B01034 Consumer Durables 442,071 3,415.00 3.09
17 IPCA Laboratories Limited INE571A01020 Pharmaceuticals 343,999 3,377.55 3.05
18 Hindustan Petroleum Corporation Limited INE094A01015 Petroleum Products 1,097,688 3,115.79 2.82
19 Housing Development Finance Corporation Limited INE001A01036 Finance 147,171 2,896.69 2.62
20 Quess Corp Limited INE615P01015 Services 370,706 2,768.25 2.50
21 Bajaj Finserv Limited INE918I01018 Finance 38,439 2,704.97 2.45
22 Mahindra Logistics Limited INE766P01016 Transportation 467,632 2,461.61 2.23
23 Abbott India Limited INE358A01014 Pharmaceuticals 33,359 2,436.81 2.20
24 Eris LifeSciences Limited INE406M01024 Pharmaceuticals 356,878 2,301.51 2.08
25 MphasiS Limited INE356A01018 Software 198,178 1,964.14 1.78
Sub Total 109,947.77 99.42
(b) UNLISTED Nil Nil
Total 109,947.77 99.42
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 721.86 0.65
Total 721.86 0.65
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets (87.71) (0.07)
Total (87.71) (0.07)
GRAND TOTAL 110,581.92 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 22.1246
Direct Plan - Dividend Option 16.7731
Regular Plan - Growth Option 20.5092
Regular Plan - Dividend Option 15.3429
4. NAV at the end of the half year ###
Direct Plan - Growth Option 23.2457
Direct Plan - Dividend Option 17.1230
Regular Plan - Growth Option 21.4216
Regular Plan - Dividend Option 15.5255
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 0.5337
8. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 1.8000 1.8000
Regular Plan - Dividend Option 1.8000 1.8000
# Industry classification as recommended by AMFI.
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Ultra Short Term Fund (MOFUSTF)
(An open ended ultra-short term debt scheme investing in instruments such that the Macaulay # duration of the portfolio is between 3 months and 6 months)
Market Value
Sr. No. Name of the Instrument ISIN Code Rating Quantity ^ % to NAV
(Rs. in Lakhs)
(A) DEBT INSTRUMENTS
(a) Listed/awaiting listing on Stock Exchange
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(B) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP)** Nil Nil
Sub Total 0.00 0.00
Certificate of Deposit (CD)**
National Bank For Agriculture and Rural Development 2019 ** # INE261F16272 CRISIL A1+ 4,500,000 4,442.49 25.99
Axis Bank Limited 2019 ** # INE238A161I9 CRISIL A1+ 2,500,000 2,464.82 14.42
Sub Total 6,907.31 40.41
182 Days Tbill (MD 29/08/2019) IN002018Y482 SOVEREIGN 7500000 7,310.87 42.77
Tri Party Repo Dealing System (TREPS) 1,313.74 7.69
Sub Total 8,624.61 50.46
(C) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(D) OTHERS
Net Current Assets 1,561.75 9.13
TOTAL 1,561.75 9.13
GRAND TOTAL 17,093.67 100.00
NOTES :

1. Total Non Performing Assets/Sundry Debtors are Rs 7340.26 lakhs and its percentage to NAV is 42.94% as seen on current AuM of Rs 170.94 crs but valued at Zero.The original holding was 7.34%
as on 07th September 2018 at date of first downgrade with AuM then being 1000.50 crs.
2. NAV at the beginning of the half year ##
Direct Plan - Growth Option 13.3092
Direct Plan - Daily Dividend Option 9.3929
Direct Plan - Weekly Dividend Option 9.4034
Direct Plan - Fortnightly Dividend Option 9.4106
Direct Plan - Monthly Dividend Option 9.3998
Direct Plan - Quarterly Dividend Option 9.5349
Regular Plan - Growth Option 12.9428
Regular Plan - Daily Dividend Option 9.4004
Regular Plan - Weekly Dividend Option 9.4010
Regular Plan - Fortnightly Dividend Option 9.4068
Regular Plan - Monthly Dividend Option 9.3975
Regular Plan - Quarterly Dividend Option 9.5341
4. NAV at the end of the half year ###
Direct Plan - Growth Option 12.7017
Direct Plan - Daily Dividend Option 8.9642
Direct Plan - Weekly Dividend Option 8.9742
Direct Plan - Fortnightly Dividend Option 8.9810
Direct Plan - Monthly Dividend Option 8.9706
Direct Plan - Quarterly Dividend Option 9.0997
Regular Plan - Growth Option 12.3513
Regular Plan - Daily Dividend Option 8.9706
Regular Plan - Weekly Dividend Option 8.9707
Regular Plan - Fortnightly Dividend Option 8.9768
Regular Plan - Monthly Dividend Option 8.9680
Regular Plan - Quarterly Dividend Option 9.0983
4. Exposure to derivative instrument at the end of the half year period Nil
5. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
6. Average Portfolio Maturity 96.7 days
7. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
DD Direct Plan - Daily Dividend Option 0.2134 0.1978
DF Direct Plan - Fortnightly Dividend Option 0.2094 0.1786
DW Direct Plan - Weekly Dividend Option 0.2093 0.1939
DM Direct Plan - Monthly Dividend Option 0.2005 0.1858
DQ Direct Plan - Quarterly Dividend Option 0.2097 0.1943
RD Regular Plan - Daily Dividend Option 0.1968 0.1823
RF Regular Plan - Fortnightly Dividend Option 0.1930 0.1788
RW Regular Plan - Weekly Dividend Option 0.1919 0.1778
RM Regular Plan - Monthly Dividend Option 0.1845 0.1709
RQ Regular Plan - Quarterly Dividend Option 0.1917 0.1776
**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.
# Please refer to page no. 21 of Scheme information Document
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
^ Quantity depicts Face value for Money - Market instruments.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Midcap 30 Fund (MOF30)
(Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks)

Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 RBL Bank Limited INE976G01028 Banks 1,800,000 12,246.30 8.81
2 Bajaj Finance Limited INE296A01024 Finance 400,000 12,100.00 8.71
3 Page Industries Limited INE761H01022 Textile Products 35,000 8,740.29 6.29
4 Voltas Limited INE226A01021 Consumer Durables 1,200,000 7,553.40 5.43
5 City Union Bank Limited INE491A01021 Banks 3,492,000 7,153.36 5.15
6 AU Small Finance Bank Limited INE949L01017 Banks 1,200,000 7,147.20 5.14
7 Cholamandalam Investment and Finance Company Limited INE121A01016 Finance 400,000 5,809.60 4.18
8 Exide Industries Limited INE302A01020 Auto Ancillaries 2,600,000 5,686.20 4.09
9 Havells India Limited INE176B01034 Consumer Durables 700,000 5,407.50 3.89
10 Balkrishna Industries Limited INE787D01026 Auto Ancillaries 540,000 5,375.70 3.87
11 Eris LifeSciences Limited INE406M01024 Pharmaceuticals 800,000 5,159.20 3.71
12 Sundram Fasteners Limited INE387A01021 Auto Ancillaries 900,000 5,098.05 3.67
13 HDFC Asset Management Company Limited INE127D01025 Finance 275,000 4,218.23 3.04
14 Bata India Limited INE176A01028 Consumer Durables 300,000 4,215.15 3.03
15 Kansai Nerolac Paints Limited INE531A01024 Consumer Non Durables 900,000 4,126.50 2.97
16 Quess Corp Limited INE615P01015 Services 550,000 4,107.13 2.96
17 WABCO India Limited INE342J01019 Auto Ancillaries 60,000 3,997.23 2.88
18 Astral Poly Technik Limited INE006I01046 Industrial Products 269,000 3,125.51 2.25
19 Asian Paints Limited INE021A01026 Consumer Non Durables 200,000 2,985.40 2.15
20 IPCA Laboratories Limited INE571A01020 Pharmaceuticals 300,000 2,945.55 2.12
21 The Ramco Cements Limited INE331A01037 Cement 400,000 2,943.60 2.12
22 Larsen & Toubro Infotech Limited INE214T01019 Software 168,865 2,875.10 2.07
23 L&T Technology Services Limited INE010V01017 Software 180,000 2,830.05 2.04
24 Varroc Engineering Limited INE665L01035 Auto Ancillaries 470,000 2,721.30 1.96
25 Endurance Technologies Limited INE913H01037 Auto Ancillaries 231,654 2,689.16 1.93
26 Crompton Greaves Consumer Electricals Limited INE299U01018 Consumer Durables 1,000,000 2,272.00 1.63
27 Bhansali Engineering Polymers Limited INE922A01025 Industrial Products 999,993 730.49 0.53
Sub Total 134,259.20 96.62
(b) UNLISTED Nil Nil
Total 134,259.20 96.62
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 5,454.93 3.92
Total 5,454.93 3.92
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets (729.60) (0.54)
Total (729.60) (0.54)
GRAND TOTAL 138,984.53 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 25.4788
Direct Plan - Dividend Option 20.4163
Regular Plan - Growth Option 24.0408
Regular Plan - Dividend Option 19.1057
4. NAV at the end of the half year ###
Direct Plan - Growth Option 27.0560
Direct Plan - Dividend Option 19.6801
Regular Plan - Growth Option 25.3771
Regular Plan - Dividend Option 18.1677
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 1.2521
8. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 2.0000 2.0000
Regular Plan - Dividend Option 2.0000 2.0000
# Industry classification as recommended by AMFI
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. :+91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Multicap 35 Fund (MOF35)
(Multi Cap Fund - An open ended equity scheme investing across large cap, mid cap, small cap stocks)
Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 HDFC Bank Limited INE040A01026 Banks 5,745,342 133,228.74 9.85
2 Infosys Limited INE009A01021 Software 11,314,855 84,165.55 6.23
3 Axis Bank Limited INE238A01034 Banks 10,601,268 82,398.36 6.09
4 Housing Development Finance Corporation Limited INE001A01036 Finance 4,135,201 81,391.09 6.02
5 Larsen & Toubro Limited INE018A01030 Construction Project 5,540,750 76,756.01 5.68
6 RBL Bank Limited INE976G01028 Banks 8,801,839 59,883.31 4.43
7 Maruti Suzuki India Limited INE585B01010 Auto 893,048 59,589.07 4.41
8 IndusInd Bank Limited INE095A01012 Banks 3,171,687 56,456.03 4.18
9 Bajaj Finance Limited INE296A01024 Finance 1,817,855 54,990.11 4.07
10 Tata Consultancy Services Limited INE467B01029 Software 2,652,616 53,096.09 3.93
11 Eicher Motors Limited INE066A01013 Auto 256,580 52,721.29 3.90
12 HDFC Life Insurance Company Limited INE795G01014 Finance 13,130,900 49,700.46 3.68
13 United Spirits Limited INE854D01024 Consumer Non Durables 8,909,387 49,349.09 3.65
14 Bharat Petroleum Corporation Limited INE029A01011 Petroleum Products 10,820,155 43,015.53 3.18
15 Hindustan Petroleum Corporation Limited INE094A01015 Petroleum Products 14,340,717 40,706.13 3.01
16 Petronet LNG Limited INE347G01014 Gas 15,102,263 37,989.74 2.81
17 Max Financial Services Limited INE180A01020 Finance 8,346,403 36,323.55 2.69
18 Britannia Industries Limited INE216A01030 Consumer Non Durables 1,113,538 34,358.21 2.54
19 ICICI Lombard General Insurance Company Limited INE765G01017 Finance 3,244,908 33,529.63 2.48
20 Titan Company Limited INE280A01028 Consumer Durables 2,923,490 33,381.87 2.47
21 Ajanta Pharma Limited INE031B01049 Pharmaceuticals 2,761,060 28,582.49 2.11
22 Jubilant Life Sciences Limited INE700A01033 Pharmaceuticals 3,968,295 26,381.23 1.95
23 Ashok Leyland Limited INE208A01029 Auto 26,013,540 23,750.36 1.76
24 Larsen & Toubro Infotech Limited INE214T01019 Software 1,392,102 23,701.93 1.75
25 Eris LifeSciences Limited INE406M01024 Pharmaceuticals 3,491,885 22,519.17 1.67
26 AU Small Finance Bank Limited INE949L01017 Banks 3,419,622 20,367.27 1.51
27 Alkem Laboratories Limited INE540L01014 Pharmaceuticals 749,531 13,123.16 0.97
28 Manpasand Beverages Limited INE122R01018 Consumer Non Durables 5,537,216 6,473.01 0.48
29 PNB Housing Finance Limited INE572E01012 Finance 601,638 5,202.66 0.38
Sub Total 1,323,131.14 97.88
(b) UNLISTED Nil Nil
Total 1,323,131.14 97.88
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 36,341.13 2.69
Total 36,341.13 2.69
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets (7,481.09) (0.57)
Total (7,481.09) (0.57)
TOTAL NET ASSET 1,351,991.18 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 25.6232
Direct Plan - Dividend Option 23.6364
Regular Plan - Growth Option 24.5499
Regular Plan - Dividend Option 22.5739
4. NAV at the end of the half year ###
Direct Plan - Growth Option 27.2422
Direct Plan - Dividend Option 24.1298
Regular Plan - Growth Option 25.9774
Regular Plan - Dividend Option 22.8865
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 0.4044
8. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
### Direct Plan - Dividend Option 1.7500 1.7500
Regular Plan - Dividend Option 1.7500 1.7500
# Industry classification as recommended by AMFI
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Long Term Equity Fund (MOFLTE)
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
Market Value
Sr. No. Name of the Instrument ISIN Code Industry Classification# Quantity % to NAV
(Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 HDFC Bank Limited INE040A01026 Banks 478,696 11,100.48 8.29
2 ICICI Bank Limited INE090A01021 Banks 1,925,338 7,710.98 5.76
3 Housing Development Finance Corporation Limited INE001A01036 Finance 377,865 7,437.33 5.56
4 Infosys Limited INE009A01021 Software 996,661 7,413.66 5.54
5 Larsen & Toubro Limited INE018A01030 Construction Project 509,225 7,054.29 5.27
6 IndusInd Bank Limited INE095A01012 Banks 301,929 5,374.34 4.02
7 Bajaj Finance Limited INE296A01024 Finance 162,013 4,900.89 3.66
8 Eicher Motors Limited INE066A01013 Auto 23,431 4,814.53 3.60
9 HDFC Life Insurance Company Limited INE795G01014 Finance 1,173,055 4,440.01 3.32
10 Maruti Suzuki India Limited INE585B01010 Auto 61,984 4,135.91 3.09
11 Eris LifeSciences Limited INE406M01024 Pharmaceuticals 609,619 3,931.43 2.94
12 Max Financial Services Limited INE180A01020 Finance 888,846 3,868.26 2.89
13 Voltas Limited INE226A01021 Consumer Durables 609,535 3,836.72 2.87
14 PI Industries Limited INE603J01030 Pesticides 335,500 3,462.19 2.59
15 Quess Corp Limited INE615P01015 Services 452,770 3,381.06 2.53
16 Petronet LNG Limited INE347G01014 Gas 1,328,231 3,341.17 2.50
17 Tata Elxsi Limited INE670A01012 Software 338,945 3,264.38 2.44
18 United Spirits Limited INE854D01024 Consumer Non Durables 544,400 3,015.43 2.25
19 Bharat Petroleum Corporation Limited INE029A01011 Petroleum Products 675,909 2,687.08 2.01
20 Titan Company Limited INE280A01028 Consumer Durables 235,158 2,685.15 2.01
21 ICICI Lombard General Insurance Company Limited INE765G01017 Finance 252,255 2,606.55 1.95
22 Can Fin Homes Limited INE477A01020 Finance 705,166 2,459.97 1.84
23 Larsen & Toubro Infotech Limited INE214T01019 Software 141,880 2,415.65 1.80
24 Axis Bank Limited INE238A01034 Banks 304,639 2,367.81 1.77
25 Jubilant Life Sciences Limited INE700A01033 Pharmaceuticals 324,287 2,155.86 1.61
26 Motherson Sumi Systems Limited INE775A01035 Auto Ancillaries 1,430,586 2,141.59 1.60
27 RBL Bank Limited INE976G01028 Banks 307,860 2,094.53 1.56
28 Ashok Leyland Limited INE208A01029 Auto 2,075,051 1,894.52 1.42
29 Indian Oil Corporation Limited INE242A01010 Petroleum Products 1,088,551 1,772.71 1.32
30 Britannia Industries Limited INE216A01030 Consumer Non Durables 51,545 1,590.42 1.19
31 WABCO India Limited INE342J01019 Auto Ancillaries 21,986 1,464.72 1.09
32 Ajanta Pharma Limited INE031B01049 Pharmaceuticals 140,148 1,450.81 1.08
33 Tata Consultancy Services Limited INE467B01029 Software 67,044 1,341.99 1.00
34 InterGlobe Aviation Limited INE646L01027 Transportation 56,102 801.22 0.60
35 Birla Corporation Limited INE340A01012 Cement 132,142 692.95 0.52
36 Manpasand Beverages Limited INE122R01018 Consumer Non Durables 258,735 302.46 0.23
Sub Total 125,409.05 93.72
(b) UNLISTED Nil Nil
Total 125,409.05 93.72
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 5,668.89 4.24
Total 5,668.89 4.24
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Total Nil Nil
(E) OTHERS
Net Current Assets 2,765.83 2.04
Total 2,765.83 2.04
TOTAL NET ASSET 133,843.77 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 17.3619
Direct Plan - Dividend Option 15.7512
Regular Plan - Growth Option 16.5071
Regular Plan - Dividend Option 14.9152
4. NAV at the end of the half year ###
Direct Plan - Growth Option 18.1551
Direct Plan - Dividend Option 16.1708
Regular Plan - Growth Option 17.1577
Regular Plan - Dividend Option 15.2031
5. Exposure to derivative instrument at the end of the half year period Nil
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Portfolio Turnover Ratio 0.4251
8. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 1.1000 1.1000
Regular Plan - Dividend Option 1.1000 1.1000
# Industry classification as recommended by AMFI
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Dynamic Fund (MOFDYNAMIC)
(An open ended dynamic asset allocation fund)

Industry Classification#/ Market Value

Sr. No. Name of the Instrument ISIN Code Quantity ^ % to NAV
Rating (Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 Bajaj Finance Limited INE296A01024 Finance 471,053 14,249.35 8.71
2 Housing Development Finance Corporation Limited INE001A01036 Finance 647,849 12,751.29 7.80
3 United Spirits Limited INE854D01024 Consumer Non Durables 1,931,003 10,695.83 6.54
4 HDFC Bank Limited INE040A01026 Banks 326,898 7,580.44 4.64
5 Titan Company Limited INE280A01028 Consumer Durables 539,734 6,162.95 3.77
6 Infosys Limited INE009A01021 Software 827,835 6,157.85 3.77
7 ICICI Bank Limited INE090A01021 Banks 1,264,166 5,062.98 3.10
8 Larsen & Toubro Limited INE018A01030 Construction Project 282,197 3,909.28 2.39
9 HDFC Life Insurance Company Limited INE795G01014 Finance 826,780 3,129.36 1.91
10 Petronet LNG Limited INE347G01014 Gas 1,103,091 2,774.83 1.70
11 Eicher Motors Limited INE066A01013 Auto 12,755 2,620.86 1.60
12 IndusInd Bank Limited INE095A01012 Banks 141,935 2,526.44 1.55
13 Maruti Suzuki India Limited INE585B01010 Auto 37,321 2,490.26 1.52
14 RBL Bank Limited INE976G01028 Banks 349,674 2,379.01 1.45
15 Max Financial Services Limited INE180A01020 Finance 532,918 2,319.26 1.42
16 Tata Elxsi Limited INE670A01012 Software 228,629 2,201.93 1.35
17 Quess Corp Limited INE615P01015 Services 273,206 2,040.17 1.25
18 Axis Bank Limited INE238A01034 Banks 253,128 1,967.44 1.20
19 PI Industries Limited INE603J01030 Pesticides 180,500 1,862.67 1.14
20 Voltas Limited INE226A01021 Consumer Durables 292,557 1,841.50 1.13
21 Bharat Petroleum Corporation Limited INE029A01011 Petroleum Products 457,213 1,817.65 1.11
22 Can Fin Homes Limited INE477A01020 Finance 517,482 1,805.24 1.10
23 Britannia Industries Limited INE216A01030 Consumer Non Durables 51,545 1,590.42 0.97
24 Lupin Limited INE326A01037 Pharmaceuticals 210,784 1,558.96 0.95
25 Tata Consultancy Services Limited INE467B01029 Software 77,199 1,545.25 0.94
26 Ashok Leyland Limited INE208A01029 Auto 1,606,963 1,467.16 0.90
27 Motherson Sumi Systems Limited INE775A01035 Auto Ancillaries 883,899 1,323.20 0.81
28 Eris LifeSciences Limited INE406M01024 Pharmaceuticals 202,113 1,303.43 0.80
29 Larsen & Toubro Infotech Limited INE214T01019 Software 66,595 1,133.85 0.69
30 Indian Oil Corporation Limited INE242A01010 Petroleum Products 574,441 935.48 0.57
31 Jubilant Life Sciences Limited INE700A01033 Pharmaceuticals 134,811 896.22 0.55
32 Kajaria Ceramics Limited INE217B01036 Construction 124,131 732.19 0.45
33 Birla Corporation Limited INE340A01012 Cement 129,936 681.38 0.42
34 InterGlobe Aviation Limited INE646L01027 Transportation 29,101 415.61 0.25
35 Manpasand Beverages Limited INE122R01018 Consumer Non Durables 239,931 280.48 0.17
Sub Total 112,210.22 68.62
(b) UNLISTED Nil Nil
Total 112,210.22 68.62
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Non-Convertible Debentures / Bonds **
1 8.50% Housing Development Finance Corporation Limited 2020 ** INE001A07NZ7 CRISIL AAA 5,000,000 5,020.13 3.07
3 7.8409% Bajaj Finance Limited 2020 ** INE296A07OY4 CRISIL AAA 5,000,000 4,979.26 3.04
4 7.8409% Bajaj Finance Limited 2020 ** INE296A07PG8 CRISIL AAA 5,000,000 4,979.25 3.04
5 10.2% Aditya Birla Finance Limited 2019 ** INE860H08DO4 CARE AAA 2,500,000 2,502.29 1.53
6 7.90% Aditya Birla Finance Limited 2020 ** INE860H07EI6 ICRA AAA 2,500,000 2,492.33 1.52
7 9% State Bank of India 2021 ** INE062A08124 CRISIL AA+ 2,500,000 2,487.09 1.52
8 8.75% State Bank of India 2021 ** INE062A08132 CRISIL AA+ 2,500,000 2,473.53 1.51
9 8.85% HDFC Bank Limited 2022 ** INE040A08377 CRISIL AA+ 2,500,000 2,472.03 1.51
10 8.70% Aditya Birla Finance Limited 2019 ** INE860H07DB3 ICRA AAA 1,500,000 1,504.02 0.92
Sub Total 28,909.93 17.66
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted
Non-Convertible Debentures / Bonds **
1 7.9% Tata Sons Private Ltd 2020 ** # INE895D08758 CRISIL AAA 5,000,000 4,977.42 3.04
2 7.9% Tata Sons Private Ltd 2020 ** # INE895D08733 CRISIL AAA 2,500,000 2,488.75 1.52
Sub Total 7,466.17 4.56
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
(d) Government Securities Nil Nil
Total 36,376.10 22.22
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 5,282.97 3.23
Total 5,282.97 3.23
(D) FIXED DEPOSITS Duration (in Days)
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin)
1 6.50% HDFC Bank Limited 2019 91 days 2,100.00 1.28
2 6.25% HDFC Bank Limited 2019 91 days 1,098.00 0.67
3 6.50% HDFC Bank Limited 2019 91 days 1,050.00 0.64
4 6.75% HDFC Bank Limited 2019 91 days 450.00 0.28
5 6.75% HDFC Bank Limited 2019 91 days 402.00 0.25
6 6.75% HDFC Bank Limited 2019 91 days 400.00 0.24
7 6.75% HDFC Bank Limited 2019 91 days 390.00 0.24
8 6.75% HDFC Bank Limited 2019 91 days 210.00 0.13
9 6.75% HDFC Bank Limited 2019 91 days 200.00 0.12
Sub Total 6,300.00 3.85
Total 6,300.00 3.85
(E) OTHERS
Cash Margin - Derivatives (40,232.46) (24.60)
Net Current Assets 43,586.25 26.68
Total 3,353.79 2.08
TOTAL NET ASSET 163,523.08 100.00
 NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 11.9952
Direct Plan - Quarterly Dividend Option 11.5069
Direct Plan - Annual Dividend Option 11.6133
Regular Plan - Growth Option 11.7302
Regular Plan - Quarterly Dividend Option 11.2561
Regular Plan - Annual Dividend Option 11.3216
4. NAV at the end of the half year ###
Direct Plan - Growth Option 12.5783
Direct Plan - Quarterly Dividend Option 11.6764
Direct Plan - Annual Dividend Option 11.9097
Regular Plan - Growth Option 12.2409
Regular Plan - Quarterly Dividend Option 11.3570
Regular Plan - Annual Dividend Option 11.5144
5. Exposure to derivative instrument at the end of the half year period
A. Hedging Positions through Futures as on March 31, 2019
Margin maintained in Rs.
Underlying Long / Short Futures Price when purchased Current price of the contract
Lakhs
BAJAJ FINANCE LTD Short 1,794.94 1,778.45 1,326.70
EICHER MOTORS LTD Short 28,458.45 28,493.55 414.98
HOUSING DEVELOPMENT FINANCE Short 1,833.33 1,834.55 778.00
LUPIN LTD Short 743.74 740.00 555.02
MARUTI SUZUKI INDIA LTD Short 8,867.94 8,905.20 1,103.64
UNITED SPIRITS LIMITED Short 3,223.02 3,145.00 925.46
MAX FINANCIAL SERVICES LIMITED Short 445.85 454.25 269.77
PETRONET LNG LTD Short 227.43 231.25 173.16
RATNAKAR BANK LIMITED Short 474.59 477.45 187.38
Total %age of existing assets hedged through futures : 22.38% #DIV/0!
For the period ended March 31, 2019 following details specified for hedging transactions through futures which have been squared off/expired:
Total Number of contracts where futures were bought : 36,324
Total Number of contracts where futures were sold : 30,715
Gross Notional Value of contracts where futures were bought : Rs.
Lakhs 243,938.38
Gross Notional Value of contracts where futures were sold : Rs. .
Lakhs 203,865.69
Net Profit/Loss value on all contracts combined : Rs. . Lakhs 1,116.01
B. Other than Hedging Positions through Futures as on March 31, 2019
Margin maintained in Rs.
Underlying Long / Short Futures Price when purchased Current price of the contract
Lakhs
NIL
Total %age of existing assets unhedged through futures : 0%
For the period ended March 31, 2019 following details specified for non-hedging transactions through futures which have been squared off/expired:
Total Number of contracts where futures were bought : NIL
Total Number of contracts where futures were sold : NIL
Gross Notional Value of contracts where futures were bought : Rs. NIL
Gross Notional Value of contracts where futures were sold : Rs. NIL
Net Profit/Loss value on all contracts combined : Rs. NIL
C. Hedging Positions through Put Options as on March 31, 2019
Underlying Number of Contracts Option Price when purchased Current Option Price
NIL
Total % age of existing assets hedged through put options - NIL
For the period ended March 31, 2018 following details specified for hedging transactions through options which have already been exercised/expired :

Total Number of contracts entered into : NIL

Gross Notional value of contracts : Rs. NIL
Net Profit/Loss on all contracts (premium paid treated as loss) : Rs. NIL

D. Other than Hedging Positions through Options as on March 31, 2019

Underlying Call / put Number of contracts Option Price when purchased Current Price

NIL
Total Exposure through options as a %age of net assets : NIL
For the period ended March 31, 2019 following details specified with regard to non-hedging transactions through options which have already been exercised/expired :
Total Number of contracts entered into : NIL
Gross Notional Value of contracts : Rs. NIL
Net Profit/Loss on all contracts (premium paid treated as loss) : Rs. NIL
E. Hedging Positions through swaps as on March 31, 2019 - NIL
6. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
7. Average Portfolio Maturity 1.36 yrs
8. Portfolio Turnover Ratio 4.6105
9. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 0.3799 0.3799
Regular Plan - Dividend Option 0.4100 0.4100
Direct Plan - Quarterly Dividend Option 0.1900 0.1900
Regular Plan - Quarterly Dividend Option 0.1900 0.1900
**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.
^ Quantity depicts Face value for Debt instruments.
# Industry classification as recommended by AMFI
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Equity Hybrid Fund (MOFEH)
(An open ended hybrid scheme investing predominantly in equity & equity related instruments)

Industry Classification#/ Market Value

Sr. No. Name of the Instrument ISIN Code Quantity ^ % to NAV
Rating (Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED
1 HDFC Bank Limited INE040A01026 Banks 73,623 1,707.24 6.89
2 Kotak Mahindra Bank Limited INE237A01028 Banks 81,970 1,093.89 4.41
3 HDFC Life Insurance Company Limited INE795G01014 Finance 279,200 1,056.77 4.26
4 ICICI Bank Limited INE090A01021 Banks 232,600 931.56 3.76
5 Axis Bank Limited INE238A01034 Banks 113,100 879.07 3.55
6 Larsen & Toubro Limited INE018A01030 Construction Project 61,457 851.36 3.43
7 Abbott India Limited INE358A01014 Pharmaceuticals 10,937 798.93 3.22
8 ICICI Lombard General Insurance Company Limited INE765G01017 Finance 76,993 795.57 3.21
9 Maruti Suzuki India Limited INE585B01010 Auto 11,476 765.74 3.09
10 Tata Consultancy Services Limited INE467B01029 Software 37,650 753.62 3.04
11 Infosys Limited INE009A01021 Software 97,100 722.28 2.91
12 Eicher Motors Limited INE066A01013 Auto 3,187 654.86 2.64
13 Bajaj Finance Limited INE296A01024 Finance 21,300 644.33 2.60
14 IPCA Laboratories Limited INE571A01020 Pharmaceuticals 55,131 541.30 2.18
15 Housing Development Finance Corporation Limited INE001A01036 Finance 27,380 538.91 2.17
16 Britannia Industries Limited INE216A01030 Consumer Non Durables 15,680 483.81 1.95
17 Havells India Limited INE176B01034 Consumer Durables 62,458 482.49 1.95
18 MphasiS Limited INE356A01018 Software 46,765 463.49 1.87
19 WABCO India Limited INE342J01019 Auto Ancillaries 6,813 453.89 1.83
20 Container Corporation of India Limited INE111A01025 Transportation 85,161 447.35 1.80
21 Mahindra Logistics Limited INE766P01016 Transportation 82,973 436.77 1.76
22 ABB India Limited INE117A01022 Industrial Capital Goods 32,717 430.56 1.74
23 Bharat Petroleum Corporation Limited INE029A01011 Petroleum Products 98,150 390.20 1.57
24 Colgate Palmolive (India) Limited INE259A01022 Consumer Non Durables 30,974 389.70 1.57
25 Hindustan Petroleum Corporation Limited INE094A01015 Petroleum Products 115,000 326.43 1.32
26 Page Industries Limited INE761H01022 Textile Products 1,224 305.66 1.23
27 Quess Corp Limited INE615P01015 Services 27,259 203.56 0.82
17,549.34 70.77
(b) UNLISTED Nil Nil
Sub Total Nil Nil
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Non-Convertible Debentures / Bonds **
1 7.8% Housing Development Finance Corporation Limited 2019 ** INE001A07PU3 CRISIL AAA 1,000,000 998.18 4.03
2 7.8409% Bajaj Finance Limited 2020 ** INE296A07OY4 CRISIL AAA 500,000 497.93 2.01
Sub Total 1,496.11 6.04
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted
Non-Convertible Debentures / Bonds **
1 7.4% Tata Sons Private Ltd 2020 # INE895D08824 CRISIL AAA 1,000,000 983.39 3.97
Sub Total 983.39 3.97
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
(d) Government Securities Nil Nil
Total 2,479.50 10.01
(C) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 4,335.15 17.49
Total 4,335.15 17.49
(D) FIXED DEPOSITS Duration (in Days)
Deposits (maturity not exceeding 91 days) Nil Nil
Sub Total NIL NIL
Total NIL NIL
(E) OTHERS
Net Current Assets 427.14 1.73
Total 427.14 1.73
TOTAL NET ASSET 24,791.13 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year ##
Direct Plan - Growth Option 9.7587
Regular Plan - Growth Option 9.7528
4. NAV at the end of the half year ###
Direct Plan - Growth Option 10.3848
Regular Plan - Growth Option 10.2968
5. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
6. Average Portfolio Maturity 1.09 yrs
7. Portfolio Turnover Ratio 0.3361
8. Dividend declared during the half year period (Rs. per unit)

Option Name Individual & HUF Others

Direct Plan - Dividend Option 0.3799 0.3799
Regular Plan - Dividend Option 0.4100 0.4100
Direct Plan - Quarterly Dividend Option 0.1900 0.1900
Regular Plan - Quarterly Dividend Option 0.1900 0.1900
**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.
^ Quantity depicts Face value for Debt instruments.
# Industry classification as recommended by AMFI
## As September 30, 2018 was a non - business day for this Scheme, the NAV’s at the beginning of the period are as of September 28,2018.
### As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Nasdaq 100 Fund of Fund (MOFN100FOF)
(An open ended fund of fund scheme investing in Motilal Oswal Nasdaq 100 ETF)

Industry Classification#/ Market Value

Sr. No. Name of the Instrument ISIN Code Quantity ^ % to NAV
Rating (Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED Nil Nil
Sub Total Nil Nil
(b) UNLISTED Nil Nil
Total Nil Nil
(B) DEBT INSTRUMENTS
(a) Listed/awaiting listing on Stock Exchange
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
Sub Total Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
(d) Government Securities Nil Nil
Total Nil Nil
(B) DEBT INSTRUMENTS
(a) Listed / Awaiting Listing on Stock Exchanges
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(B) DEBT INSTRUMENTS
(a) Listed/awaiting listing on Stock Exchange
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
Sub Total Nil Nil
(C) Exchange Traded Funds Nil Nil
Motilal Oswal MOSt Shares NASDAQ-100 ETF INF247L01031 793652 3,956.20 97.45
Sub Total 3,956.20 97.45
Total 3,956.20 97.45
(D) MONEY MARKET INSTRUMENTS
Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri Party Repo Dealing System (TREPS) 126.98 3.13
Total 126.98 3.13
(E) OTHERS
Net Current Assets (23.56) (0.58)
Total (23.56) (0.58)
TOTAL NET ASSET 4,059.62 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year
Direct Plan - Growth Option NA***
Regular Plan - Growth Option NA***
4. NAV at the end of the half year ##
Direct Plan - Growth Option 10.7466
Regular Plan - Growth Option 10.7324
5. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
6. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 0.3799 0.3799
Regular Plan - Dividend Option 0.4100 0.4100
Direct Plan - Quarterly Dividend Option 0.1900 0.1900
Regular Plan - Quarterly Dividend Option 0.1900 0.1900
**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.
^ Quantity depicts Face value for Debt instruments.
*** The Scheme was launched during the half year period and hence no NAV for the beginning of the period.
# Industry classification as recommended by AMFI
## As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.
 Motilal Oswal Asset Management Company Limited
(Investment Manager for Motilal Oswal Mutual Fund)
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai - 400 025. ● Toll Free No. : +91 8108622222 ● FAX: 022 3089 6884
● CIN: U67120MH2008PLC188186  ● Email: mfservice@motilaloswal.com ● Visit us at www.motilaloswal.com and www.mostshares.com
HALF-YEARLY PORTFOLIO STATEMENT AS ON MARCH 31, 2019
( Pursuant to Regulation 59A of Securities and Exchange Board of India [Mutual Funds] Regulations, 1996 )
Motilal Oswal Liquid Fund (MOFLF)
(An open ended liquid fund)

Industry Classification#/ Market Value

Sr. No. Name of the Instrument ISIN Code Quantity ^ % to NAV
Rating (Rs. in Lakhs)

(A) EQUITY & EQUITY RELATED INSTRUMENTS

(a) LISTED Nil Nil
Sub Total 0.00 -
(b) UNLISTED Nil Nil
Total 0.00 -
(B) DEBT INSTRUMENTS
(a) Listed/awaiting listing on Stock Exchange
Government Securities Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(b) Privately Placed / Unlisted Nil Nil
Non-Convertible Debentures / Bonds Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
Total Nil Nil
Sub Total Nil Nil
Zero Coupon Bonds / Deep Discount Bonds Nil Nil
(c) Securitized Debt Instruments Nil Nil
(d) Government Securities Nil Nil
Total Nil Nil
(C) MONEY MARKET INSTRUMENTS
Treasury Bill/Cash Management Bill
91 Days Tbill (MD 11/04/2019) IN002018X443 SOVEREIGN 11128000 11,108.92 32.52
91 Days Tbill (MD 16/05/2019) IN002018X492 SOVEREIGN 10000000 9,923.12 29.05
Sub Total 21,032.04 61.57
Certificate of Deposit
Indian Bank 2019 **# INE562A16JH5 FITCH A1+ 2500000 2,475.92 7.25
Punjab National Bank 2019 **# INE160A16LR3 CARE A1+ 2500000 2,475.92 7.25
Sub Total 4,951.84 14.50
Tri Party Repo Dealing System (TREPS)
Tri Party Repo Dealing System (TREPS) 7,150.60 20.93
Sub Total 7,150.60 20.93
Total 33,134.48 97.00
(D) FIXED DEPOSITS
Deposits (maturity not exceeding 91 days) Nil Nil
Deposits (Placed as margin) Nil Nil
Sub Total 0.00 0.00
Total 0.00 -
(E) OTHERS Nil Nil
Net Current Assets 1,023.55 3.00
Total 1,023.55 3.00
TOTAL NET ASSET 34,158.03 100.00
NOTES :
1. Total Non Performing Assets provided for and its percentage to NAV Nil
2. Total value and percentage of illiquid equity shares Nil
3. NAV at the beginning of the half year
Direct Plan - Growth Option NA***
Direct-Dividend Option-Daily NA***
Direct-Dividend Option-Quarterly NA***
Direct-Dividend Option-Weekly NA***
Direct -Dividend Option-Monthly NA***
Regular Plan - Growth Option NA***
Regular Dividend Option-Daily NA***
Regular Dividend Option-Weekly NA***
Regular-Dividend Option-Monthly NA***

4. NAV at the end of the half year ##

Direct Plan - Growth Option 10.1679
Direct-Dividend Option-Daily 10.0051
Direct-Dividend Option-Fortnightly 10.0495
Direct-Dividend Option-Quarterly 10.0034
Direct-Dividend Option-Weekly 10.0030
Direct -Dividend Option-Monthly 10.0300
Regular Plan - Growth Option 10.1637
Regular Dividend Option-Daily 10.0030
Regular Dividend Option-Weekly 10.0130
Regular-Dividend Option-Monthly 10.0300
5. Investment in foreign securities/ADRs/GDRs at the end of the half year period Nil
6. Average Portfolio Maturity 26.55 days
7. Dividend declared during the half year period (Rs. per unit)
Option Name Individual & HUF Others
Direct Plan - Dividend Option 0.3799 0.3799
Regular Plan - Dividend Option 0.4100 0.4100
Direct Plan - Quarterly Dividend Option 0.1900 0.1900
Regular Plan - Quarterly Dividend Option 0.1900 0.1900
**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.
^ Quantity depicts Face value for Debt instruments.
*** The Scheme was launched during the half year period and hence no NAV for the beginning of the period.
# Industry classification as recommended by AMFI
## As March 31, 2019 was a non - business day for this Scheme, the NAV’s at the end of the period are as of March 29,2019.