Motilal Oswal Midcap Fund has released its portfolio update for August 2025. The fund, which manages assets under management (AUM) worth ₹34,780 crore, currently holds 19 stocks in its portfolio. A notable shift this month has been the drastic reduction in cash holdings, which declined from 17.72 percent in June to 17.96 percent in July, and further down to just 2.61 percent in August. This indicates a strong allocation towards equities in the midcap space.

In terms of stock holdings, several significant changes were recorded between July and August. Dixon Technologies (India) Ltd. remained unchanged with 20,99,999 shares, accounting for 10.08 percent of AUM. Coforge Ltd. saw a 9.72 percent increase with holdings rising from 1,80,00,000 to 1,97,50,000 shares, representing 9.79 percent of AUM.

Trent Ltd. witnessed a notable increase of 14.29 percent as holdings grew from 52,50,000 to 60,00,000 shares, now contributing 9.14 percent of AUM. Eternal Ltd. made its entry with 10,00,000 shares, equivalent to 9.03 percent of AUM. Kalyan Jewellers India Ltd. holdings rose 19.82 percent to 60,07,624 shares, comprising 8.7 percent of AUM.

One 97 Communications Ltd. (Paytm) saw one of the sharpest increases, with holdings jumping 80.25 percent from 1,38,69,997 shares in July to 2,50,00,000 shares in August, representing 8.37 percent of AUM. Persistent Systems Ltd. saw a marginal 1.85 percent increase with holdings at 55,00,000 shares, holding 8.29 percent of AUM.

Polycab India Ltd. recorded a 10.91 percent rise to 32,00,000 shares, accounting for 6.14 percent of AUM. KEI Industries Ltd. also increased holdings by 5 percent to 36,75,000 shares, forming 5.89 percent of AUM. Kaynes Technology India Ltd. saw holdings rise 7.87 percent to 21,00,000 shares, contributing 4.87 percent of AUM.

On the other hand, Bharti Hexacom Ltd. witnessed a 6.42 percent reduction with holdings now at 65,54,020 shares, accounting for 3.84 percent of AUM. Max Healthcare Institute Ltd. faced a 3.08 percent decline, bringing holdings to 9,66,627 shares, contributing 3.03 percent of AUM.

Aditya Birla Capital Ltd. saw a rise of 18.44 percent to 4,68,00,000 shares, making up 2.98 percent of AUM. Tube Investments of India Ltd. holdings surged 66.66 percent to 35,00,000 shares, now accounting for 2.73 percent of AUM. Prestige Estates Projects Ltd. increased by 37.01 percent to 57,53,536 shares, representing 2.62 percent of AUM.

Supreme Industries Ltd. saw a moderate 3.32 percent increase to 15,00,000 shares, equivalent to 2.18 percent of AUM. KPIT Technologies Ltd., however, experienced a significant reduction of 29.41 percent, with holdings falling to 30,00,000 shares, accounting for 1.84 percent of AUM.

Hitachi Energy India Ltd. saw a steep fall of 55.28 percent, with holdings reduced to 1,56,523 shares, representing 0.85 percent of AUM. PB Fintech Ltd. showed the sharpest increase percentage-wise, with holdings surging by 440.29 percent from 2,301 shares to 12,432 shares, though it still only accounts for 0.04 percent of AUM.

Overall, the August portfolio update highlights the fund’s strong tilt towards equity exposure in midcap companies, with particular emphasis on sectors like technology, consumer goods, and financial services. The reduction in cash reserves and sharp increases in positions such as Paytm, Eternal Ltd., and Tube Investments indicate a strategy shift towards aggressive midcap growth opportunities.