Motilal Oswal BSE Clean Environment Index Fund vs Motilal Oswal ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal BSE Clean Environment Index Fund is a mutual fund and Motilal Oswal ELSS Tax Saver Fund is an ELSS fund. Motilal Oswal BSE Clean Environment Index Fund charges 1.07% a year and Motilal Oswal ELSS Tax Saver Fund 0.97% (Direct plans). Their portfolios overlap 18.0%: they hold 6 of the same securities.
Motilal Oswal BSE Clean Environment Index Fund
- Expense ratio
- 1.07%
- NAV
- ₹8.46
Motilal Oswal ELSS Tax Saver Fund
ELSS
- Expense ratio
- 0.97%
- NAV
- ₹61.46
Which is better, Motilal Oswal BSE Clean Environment Index or Motilal Oswal ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal ELSS Tax Saver costs less: 0.97% a year against 1.07% (Direct plans).
- Motilal Oswal ELSS Tax Saver fell less in its worst fall since 02-07-2026: −12.8% against −19.4%.
- Motilal Oswal BSE Clean Environment Index holds more in large companies: 27.1% of the fund in large caps against 9.5%.
- Motilal Oswal ELSS Tax Saver is the larger fund: ₹4,890 Cr against ₹49 Cr.
- Their portfolios overlap 18.0%: 6 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Motilal Oswal BSE Clean Environment Index Fund | Motilal Oswal ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Not available | ELSS |
| AUM | ₹49 Cr (30-09-2026) | ₹4,890 Cr (30-09-2026) |
| NAV | ₹8.46 (Direct) | ₹61.46 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.97% |
| Expense ratio (Regular) | Not available | 2.11% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 21-01-2015 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | 3 years |
| Fund managers | Not available | Aditya Khemani, Abhiroop Mukherjee |
| Exit load | Not available | Nil |
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Motilal Oswal BSE Clean Environment Index Fund (Direct) | −3.75% | −7.93% | -- | -- | -- | -- | -- |
| Motilal Oswal ELSS Tax Saver Fund (Direct) | −4.64% | −1.85% | −0.84% | +0.93% | +19.52% | +15.67% | +16.08% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Year-wise Returns
| Year | BSE Clean Environment IndexMotilal Oswal BSE Clean Environment Index | ELSS Tax SaverMotilal Oswal ELSS Tax Saver |
|---|---|---|
| 2026to date | -- | +5.59% |
| 2025 | -- | −8.00% |
| 2024 | -- | +49.50% |
| 2023 | -- | +38.71% |
| 2022 | -- | +3.03% |
| 2021 | -- | +33.77% |
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against BSE Clean Environment TRI, the benchmark of Motilal Oswal BSE Clean Environment Index Fund
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal BSE Clean Environment Index Fund (Direct) | Motilal Oswal ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −41.01% | +16.58% |
| Standard deviation | 18.74% | 17.49% |
| Sharpe ratio | -2.47 | 0.63 |
| Sortino ratio | -2.96 | 0.84 |
| Maximum drawdown | −19.4% (23-10-2026) | −37.7% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.41% | +5.43% |
From daily NAVs, 02-07-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Motilal Oswal BSE Clean Environment Index Fund (Direct)
Motilal Oswal ELSS Tax Saver Fund (Direct)
BSE Clean Environment TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal BSE Clean Environment Index Fund (Direct) | −19.4% | 02-07-2026 | 23-10-2026 | Not yet | -- | −15.9% |
| Motilal Oswal ELSS Tax Saver Fund (Direct) | −12.8% | 08-09-2026 | 23-10-2026 | Not yet | -- | −9.5% |
| BSE Clean Environment TRI | −19.3% | 02-07-2026 | 23-10-2026 | Not yet | -- | −15.8% |
From daily values since 02-07-2026, the first day every fund has.
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal BSE Clean Environment Index Fund, September 2026; Motilal Oswal ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 18.0%
- Held by both
- 6
- Only in Motilal Oswal BSE Clean Environment Index
- 23
- Only in Motilal Oswal ELSS Tax Saver
- 24
| Security | % of Motilal Oswal BSE Clean Environment Index | % of Motilal Oswal ELSS Tax Saver |
|---|---|---|
| MTAR Technologies Limited | 4.65% | 4.32% |
| Ather Energy Limited | 7.44% | 3.79% |
| Waaree Energies Limited | 6.20% | 2.91% |
| Premier Energies Limited | 4.04% | 2.58% |
| Ola Electric Mobility Ltd | 2.36% | 2.57% |
| Suzlon Energy Limited | 13.14% | 2.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.0% means 18.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Motilal Oswal BSE Clean Environment Index Fund
| Security | % of fund |
|---|---|
| Tata Power Company Limited | 15.56% |
| Adani Green Energy Limited | 11.59% |
| JSW Energy Limited | 8.19% |
| NHPC Limited | 7.47% |
| VA Tech Wabag Limited | 2.59% |
Largest holdings only in Motilal Oswal ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 5.74% |
| PTC Industries Ltd | 5.23% |
| One 97 Communications Limited | 4.80% |
| Sterlite Technologies Limited | 4.54% |
| Gujarat Fluorochemicals Limited | 4.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal BSE Clean Environment Index | Motilal Oswal ELSS Tax Saver |
|---|---|---|
| Equity | 100.4% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.4% | 3.4% |
Market cap of stocks
| Market cap | Motilal Oswal BSE Clean Environment Index | Motilal Oswal ELSS Tax Saver |
|---|---|---|
| Large Cap | 27.1% | 9.5% |
| Mid Cap | 41.4% | 35.6% |
| Small Cap | 31.8% | 48.6% |
| Not on AMFI's list | 0.0% | 3.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Motilal Oswal BSE Clean Environment Index | Motilal Oswal ELSS Tax Saver |
|---|---|---|
| Power | 49.7% | 0.0% |
| Electrical Equipment | 33.5% | 15.8% |
| Automobiles | 11.1% | 6.4% |
| Capital Markets | 0.0% | 10.7% |
| Finance | 0.0% | 10.2% |
| Aerospace & Defense | 0.0% | 7.8% |
| Industrial Products | 0.0% | 7.7% |
| Consumer Durables | 0.0% | 6.9% |
| Other Utilities | 4.4% | 0.0% |
| Textiles & Apparels | 0.4% | 2.5% |
| Minerals & Mining | 1.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal BSE Clean Environment Index vs Motilal Oswal ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal BSE Clean Environment Index Fund | Motilal Oswal ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.97% |
| Base expense ratio (Direct) | 0.35% | 0.61% |
| Total expense ratio (Regular) | Not available | 2.11% |
| Base expense ratio (Regular) | 0.90% | 1.62% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Motilal Oswal BSE Clean Environment Index Fund vs Motilal Oswal ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Motilal Oswal BSE Clean Environment Index Fund and Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal BSE Clean Environment Index Fund is a mutual fund, Motilal Oswal ELSS Tax Saver Fund is an ELSS fund, run by Motilal Oswal Mutual Fund. Their portfolios overlap 18.0%. Motilal Oswal BSE Clean Environment Index Fund charges 1.07% a year and Motilal Oswal ELSS Tax Saver Fund 0.97%.
Which has the lower expense ratio, Motilal Oswal BSE Clean Environment Index Fund or Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund charges less: 0.97% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal BSE Clean Environment Index Fund and Motilal Oswal ELSS Tax Saver Fund overlap?
18.0%. They hold 6 of the same securities, the largest shared ones being MTARTECH, ATHERENERG, WAAREEENER. From each fund's latest monthly portfolio.
Can I invest in both Motilal Oswal BSE Clean Environment Index Fund and Motilal Oswal ELSS Tax Saver Fund?
Yes. 18.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.