COMPARE
Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund-DIRECT PLAN-GROWTH Option vs Motilal Oswal BSE Enhanced Value Index Fund-Direct plan
Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- and Motilal Oswal BSE Enhanced Value Index Fund- are both in the Index Funds category, from Kotak Mahindra Asset Management Company Limited. and Motilal Oswal Asset Management Company Limited respectively. Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- has the lower direct-plan expense ratio, by 0.32 percentage points.
| Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund-DIRECT PLAN-GROWTH Option | Motilal Oswal BSE Enhanced Value Index Fund-Direct plan | |
|---|---|---|
| Category | Index Funds | Index Funds |
| AMC | Kotak Mahindra Asset Management Company Limited. | Motilal Oswal Asset Management Company Limited |
| Benchmark | CRISIL-IBX AAA FINANCIAL SERVICES INDEX – SEP 2027 | BSE Enhanced Value Index TRI |
| NAV | ₹11.6434 (2026-10-28) | ₹25.3562 (2026-10-28) |
| AUM | ₹694.319 Cr | ₹2,120.84 Cr |
| Expense Ratio (Direct) | 0.202% | 0.52% |
| Inception | 2024-08-30 | 2022-07-29 |
Returns
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
Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- or Motilal Oswal BSE Enhanced Value Index Fund-?
Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund-'s direct-plan expense ratio is 0.32 percentage points lower than Motilal Oswal BSE Enhanced Value Index 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.
Why don't Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 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, Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 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 ₹694 Cr for Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 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, Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 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 Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund- (launched 2024-08-30). 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.