Mumbai, September 29, 2025: Motilal Oswal Mutual Fund (MOMF), which follows the QGLP (Quality, Growth, Longevity, Price) investing framework announced the launch of the Motilal Oswal Consumption Fund. This open-ended equity scheme is designed to capture India’s multi-decade consumption growth story, now transitioning into an evolved phase of luxury and discretionary spending. The New Fund Offer (NFO) will be open for subscription from October 1st to October 15th, 2025.
India’s consumption is undergoing significant changes. Rising incomes, rapid urbanisation, and policy reforms are formalising the economy and creating a unified national market. At a time when global markets face volatility, India offers a rare, domestically supported investment opportunity.
As the world’s most populous nation with one of the youngest workforces, India enjoys a demographic advantage compared to ageing economies, creating a large and evolving consumer base. Consumption already contributes over 60% to India’s GDP, acting as a resilient domestic pillar.
More importantly, spending patterns are shifting from essentials to discretionary categories and premiumisation. Consumers are increasingly prioritising quality, brands, and experiences across automobiles, retail, financial services, durables, and lifestyle products. These structural changes are expected to support India’s long-term consumption growth.
Commenting on the launch, Prateek Agrawal, MD & CEO of Motilal Oswal AMC, said: “The Motilal Oswal Consumption Fund is being launched to focus on India’s evolving consumption theme. India’s consumption patterns are evolving beyond basic needs, reflecting changes in the upper-middle class and their growing demand for a wider range of goods and services.
With our QGLP investing framework, we aim to construct a high-conviction portfolio of quality businesses that we believe are well-positioned to benefit from these long-term structural shifts.”
The Fund will be managed by Mr. Niket Shah (Chief Investment Officer and Fund Manager – For Equity component), Mr. Varun Sharma (Fund Manager – For Equity component), Mr. Bhalchandra Shinde (Associate Fund Manager – Equity Component), Mr. Rakesh Shetty (Fund Manager – Debt Component), and Mr. Sunil Sawant (Fund Manager – Overseas component).
The Fund will focus on high-growth pockets of the consumption theme, including organised retail, digital services enabling consumption, financial services financing this consumption growth, and select segments within durables and apparel.
Fund Details at a Glance
| Scheme Name | Motilal Oswal Consumption Fund |
| Category | Thematic Fund |
| Type | Open-ended equity scheme following the consumption theme |
| NFO Period | October 1st to October 15th, 2025 |
| Benchmark Index | Nifty India Consumption Total Return Index |
| Primary Objective | The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged in consumption and consumption-related activities. However, there is no assurance that the investment objective of the scheme will be realised. |
Product Labelling:
Product labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
For scheme-specific risk factors, please refer to the Scheme Information Document (SID) of the fund at: https://www.motilaloswalmf.com/CMS/assets/uploads/Documents/00b44-1.-sid-motilal-oswal-consumption-fund-clean.pdf
Source: MOAMC Internal, MOIE Research, Budget 2025 Report
About Motilal Oswal Asset Management Company (MOAMC)
Motilal Oswal Group has a legacy in equities for over three decades. Motilal Oswal Asset Management Company Ltd. (MOAMC) is registered with SEBI as the Investment Manager for Motilal Oswal Mutual Fund.
It was incorporated on November 14, 2008. It provides Investment Management and Advisory Services to investors based within and outside India and has a business in Mutual Funds, AIFs, and Portfolio Management Services.
Disclaimer:
This release has been issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact. The Stocks (if any) mentioned herein is for explaining the concept and shall not be construed as an investment advice to any party. The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, estimates and data included in this article are as on date. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The scheme is a thematic equity fund investing in consumption-related sectors and is subject to sector-specific risks, higher volatility, and concentration risk. Adverse developments in the sector, macroeconomic changes, or policy shifts may significantly impact the scheme’s performance. Liquidity risks may also affect the scheme’s ability to buy, sell, or redeem investments efficiently.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
