The Maharaja Fateh Singh Museum, which was established in 1961, is located in the Lakshmi Vilas Palace grounds in the school building, formerly known as the Motibaug School built in 1875 for Maharaja Sayajirao Gaekwad III. It houses a collection of royal paintings and other art treasures and is open to the public.
The Museum is especially noted for works by European Renaissance artists like Raphael, Titian, Murillo and Rembrandt. It houses an outstanding collection of the portraiture of Raja Ravi Verma, which includes portraits of the Royal family in addition to the paintings based on Hindu mythology. Another interesting section houses Chinese and Japanese porcelain artefacts, while two rooms on the ground floor are treasure troves of the Roccoco period in art.
The fully functional toy train that the prince Ranjitsinh Gaekwad received on his fifth birthday, can be seen in the Museum.
The Museum has recently inaugurated a headgear gallery where vibrant headgear's from Gujarat, Rajasthan and Maharashtra collected by Maharaja Ranjitsinh Gaekwad are displayed.