COMPARE
ITI Small Cap Fund - Direct Plan - Growth Option vs Motilal Oswal Small Cap Fund - Direct - Growth
ITI Small Cap Fund and Motilal Oswal Small Cap Fund are both in the Small Cap Fund category, from ITI Asset Management Limited and Motilal Oswal Asset Management Company Limited respectively. Motilal Oswal Small Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Motilal Oswal Small Cap Fund has the lower direct-plan expense ratio, by 0.01 percentage points.
| ITI Small Cap Fund - Direct Plan - Growth Option | Motilal Oswal Small Cap Fund - Direct - Growth | |
|---|---|---|
| Category | Small Cap Fund | Small Cap Fund |
| AMC | ITI Asset Management Limited | Motilal Oswal Asset Management Company Limited |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| NAV | ₹36.137 (2026-10-28) | ₹16.5695 (2026-10-28) |
| AUM | ₹3,512.75 Cr | ₹8,075.15 Cr |
| Expense Ratio (Direct) | 0.86% | 0.85% |
| Inception | 2020-01-27 | 2023-12-05 |
Returns
Risk Metrics
ITI Small Cap Fund has been the more volatile of the two by standard deviation.
| ITI Small Cap Fund - Direct Plan - Growth Option | Motilal Oswal Small Cap Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.62 | 0.62 |
| 3Y Alpha | 10.4042% | 9.8452% |
| 3Y Std Deviation | 19.3768% | 18.1876% |
| 3Y Calmar Ratio | 0.79 | 0.77 |
Portfolio Analytics
ITI Small Cap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ITI Small Cap Fund - Direct Plan - Growth Option | Motilal Oswal Small Cap Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 39.9432 | 30.2262 |
| P/B Ratio | 8.7753 | - |
| Dividend Yield | 0.3245% | 0.3349% |
| Active Share | 73.15% | 87.45% |
| Portfolio Turnover | 123% | 61% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Motilal Oswal Small Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, ITI Small Cap Fund or Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund's direct-plan expense ratio is 0.01 percentage points lower than ITI Small Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ITI Small Cap Fund or Motilal Oswal Small Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Small Cap Fund has been more volatile than Motilal Oswal Small Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.62 for ITI Small Cap Fund vs 0.62 for Motilal Oswal Small Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ITI Small Cap Fund or Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund has ₹8,075 Cr in assets under management, versus ₹3,513 Cr for ITI Small Cap 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, ITI Small Cap Fund or Motilal Oswal Small Cap Fund?
ITI Small Cap Fund launched on 2020-01-27, making it older than Motilal Oswal Small Cap Fund (launched 2023-12-05). 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.