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Invesco India Nifty India Defence Index Fund - Direct Plan - Growth vs Motilal Oswal BSE Enhanced Value Index Fund-Direct plan
Invesco India Nifty India Defence Index Fund and Motilal Oswal BSE Enhanced Value Index Fund- are both in the Index Funds category, from Invesco Asset Management (India) Private Limited and Motilal Oswal Asset Management Company Limited respectively. See the full table and FAQ below for the complete real-data comparison.
Basics
| Invesco India Nifty India Defence Index Fund - Direct Plan - Growth | Motilal Oswal BSE Enhanced Value Index Fund-Direct plan | |
|---|---|---|
| Category | Index Funds | Index Funds |
| AMC | Invesco Asset Management (India) Private Limited | Motilal Oswal Asset Management Company Limited |
| Benchmark | Nifty India Defence TRI | BSE Enhanced Value Index TRI |
| NAV | ₹9.4446 (2026-10-28) | ₹25.3562 (2026-10-28) |
| AUM | ₹35.28 Cr | ₹2,120.84 Cr |
| Expense Ratio (Direct) | - | 0.52% |
| Inception | 2026-09-15 | 2022-07-29 |
Returns
This fund tracks an index, so its rolling returns follow that index rather than any decision by the manager.
Risk Metrics
This fund tracks an index, so measuring alpha against that same index would only report its tracking error.
Portfolio Analytics
Punji Fund Health Score
Invesco India Nifty India Defence Index Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Why don't Invesco India Nifty India Defence Index Fund and Motilal Oswal BSE Enhanced Value Index Fund- show risk metrics like Sharpe ratio or alpha?
This fund tracks an index, so measuring alpha against that same index would only report its tracking error. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Invesco India Nifty India Defence Index Fund or Motilal Oswal BSE Enhanced Value Index Fund-?
Motilal Oswal BSE Enhanced Value Index Fund- has ₹2,121 Cr in assets under management, versus ₹35 Cr for Invesco India Nifty India Defence Index Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Invesco India Nifty India Defence Index Fund or Motilal Oswal BSE Enhanced Value Index Fund-?
Motilal Oswal BSE Enhanced Value Index Fund- launched on 2022-07-29, making it older than Invesco India Nifty India Defence Index Fund (launched 2026-09-15). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.