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Mirae Asset Small Cap Fund - Direct Plan - Growth vs Motilal Oswal Small Cap Fund - Direct - Growth
Mirae Asset Small Cap Fund and Motilal Oswal Small Cap Fund are both in the Small Cap Fund category, from Mirae Asset Investment Managers (India) Pvt. Ltd and Motilal Oswal Asset Management Company Limited respectively. Mirae Asset Small Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Mirae Asset Small Cap Fund has the lower direct-plan expense ratio, by 0.15 percentage points.
| Mirae Asset Small Cap Fund - Direct Plan - Growth | Motilal Oswal Small Cap Fund - Direct - Growth | |
|---|---|---|
| Category | Small Cap Fund | Small Cap Fund |
| AMC | Mirae Asset Investment Managers (India) Pvt. Ltd | Motilal Oswal Asset Management Company Limited |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| NAV | ₹12.135 (2026-10-28) | ₹16.5695 (2026-10-28) |
| AUM | ₹5,666.579 Cr | ₹8,075.15 Cr |
| Expense Ratio (Direct) | 0.7% | 0.85% |
| Inception | 2025-01-10 | 2023-12-05 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Mirae Asset 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.
| Mirae Asset Small Cap Fund - Direct Plan - Growth | Motilal Oswal Small Cap Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 30.7891 | 30.2262 |
| P/B Ratio | 4.7016 | - |
| Dividend Yield | 0.5131% | 0.3349% |
| Active Share | 77.8% | 87.45% |
| Portfolio Turnover | 27% | 61% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Mirae Asset Small Cap Fund and Motilal Oswal Small Cap Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, Mirae Asset Small Cap Fund or Motilal Oswal Small Cap Fund?
Mirae Asset Small Cap Fund's direct-plan expense ratio is 0.15 percentage points lower than Motilal Oswal 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.
Why don't Mirae Asset Small Cap Fund and Motilal Oswal Small Cap Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. 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, Mirae Asset Small Cap Fund or Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund has ₹8,075 Cr in assets under management, versus ₹5,667 Cr for Mirae Asset 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, Mirae Asset Small Cap Fund or Motilal Oswal Small Cap Fund?
Motilal Oswal Small Cap Fund launched on 2023-12-05, making it older than Mirae Asset Small Cap Fund (launched 2025-01-10). 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.