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Motilal Oswal BSE Enhanced Value Index Fund-Direct plan vs Navi NIFTY 500 Multicap 50-25-25 Direct Plan
Motilal Oswal BSE Enhanced Value Index Fund- and Navi NIFTY 500 Multicap 50-25-25 are both in the Index Funds category, from Motilal Oswal Asset Management Company Limited and Navi AMC Limited respectively. Navi NIFTY 500 Multicap 50-25-25 has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Navi NIFTY 500 Multicap 50-25-25 has the lower direct-plan expense ratio, by 0.06 percentage points.
| Motilal Oswal BSE Enhanced Value Index Fund-Direct plan | Navi NIFTY 500 Multicap 50-25-25 Direct Plan | |
|---|---|---|
| Category | Index Funds | Index Funds |
| AMC | Motilal Oswal Asset Management Company Limited | Navi AMC Limited |
| Benchmark | BSE Enhanced Value Index TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹25.3562 (2026-10-28) | ₹9.525 (2026-10-28) |
| AUM | ₹2,120.84 Cr | ₹27.45 Cr |
| Expense Ratio (Direct) | 0.52% | 0.46% |
| Inception | 2022-07-29 | 2024-07-18 |
Returns
Risk Metrics
This fund tracks an index, so measuring alpha against that same index would only report its tracking error.
Portfolio Analytics
Navi NIFTY 500 Multicap 50-25-25 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.
| Motilal Oswal BSE Enhanced Value Index Fund-Direct plan | Navi NIFTY 500 Multicap 50-25-25 Direct Plan | |
|---|---|---|
| P/E Ratio | 8.1074 | 23.7427 |
| P/B Ratio | - | 8.2411 |
| Dividend Yield | 3.4266% | 1.1152% |
| Active Share | 0.55% | 1.62% |
| Portfolio Turnover | 34% | 32% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Navi NIFTY 500 Multicap 50-25-25 has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Motilal Oswal BSE Enhanced Value Index Fund- or Navi NIFTY 500 Multicap 50-25-25?
Navi NIFTY 500 Multicap 50-25-25's direct-plan expense ratio is 0.06 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 Motilal Oswal BSE Enhanced Value Index Fund- and Navi NIFTY 500 Multicap 50-25-25 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, Motilal Oswal BSE Enhanced Value Index Fund- or Navi NIFTY 500 Multicap 50-25-25?
Motilal Oswal BSE Enhanced Value Index Fund- has ₹2,121 Cr in assets under management, versus ₹27 Cr for Navi NIFTY 500 Multicap 50-25-25. 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, Motilal Oswal BSE Enhanced Value Index Fund- or Navi NIFTY 500 Multicap 50-25-25?
Motilal Oswal BSE Enhanced Value Index Fund- launched on 2022-07-29, making it older than Navi NIFTY 500 Multicap 50-25-25 (launched 2024-07-18). 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.