Chennai, September 30, 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.
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
