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Listen to this article in summarized format The fund received an anchor allocation of 10.25 lakh shares in the ESDS IPO at ₹429 apiece, worth about ₹44 crore. The investment accounted for nearly 5% of the fund's assets of around ₹907 crore as of July 31, 2026. ESDS Software more than doubled from its issue price on September 4, closing at ₹908.40, a gain of nearly 112%. The surge helped lift the fund's NAV by 5.19% in a single day, even as the benchmark Nifty 50 gained just 0.1%. The fund's NAV could get a further boost after ESDS Software remained locked at the 20% upper circuit at ₹1,090.05 on Monday. Based on the fund's exposure to the stock, the latest rise could translate into an additional gain of around 1% for unitholders, assuming other portfolio holdings remain unchanged. Such sharp single-day gains in equity fund NAVs are rare, as schemes typically spread their investments across a diversified portfolio of stocks to limit the impact of sharp moves in any single holding. A 6-7% upmove in a fund's NAV is usually 30-50% of a diversified equity scheme's average annual gains. Read more: Sebi extends deadline for angel funds to comply with accredited investor mandate Among the fund's top holdings are Eternal, PB Fintech, Coforge, Hexaware Technologies and One97 Communications. Motilal Oswal Digital India Fund invests across the broader technology ecosystem, spanning digital, internet, artificial intelligence, software and platform-led business models. Sharma said the fund's focus remains on "identifying well-run, scalable businesses with long-term structural growth potential rather than on any single event or listing." Technology funds have underperformed over the past year amid AI-led disruption, a sharp rotation away from momentum sectors and a cooling-off in elevated valuations. The BSE IT TRI has declined 13.83% in the past year, while Motilal Oswal Digital India Fund has gained 3.29%. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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