Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life BSE TOP 10 BANKS ETF is an ETF fund and Kotak Nifty Bank Index Fund is a mutual fund. Aditya Birla Sun Life BSE TOP 10 BANKS ETF charges 0.17% a year and Kotak Nifty Bank Index Fund 1.46%. Their portfolios overlap 78.6%: they hold 10 of the same securities.
Aditya Birla Sun Life BSE TOP 10 BANKS ETF
ETF
- Expense ratio
- 0.17%
- NAV
- ₹163.05
Which is better, Aditya Birla Sun Life BSE TOP 10 BANKS ETF or Kotak Nifty Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life BSE TOP 10 BANKS ETF costs less: 0.17% a year against 1.46%.
- Aditya Birla Sun Life BSE TOP 10 BANKS ETF fell less in its worst fall since 26-08-2026: −5.6% against −7.1%.
- Aditya Birla Sun Life BSE TOP 10 BANKS ETF is the larger fund: ₹361 Cr against ₹7 Cr.
- Their portfolios overlap 78.6%: 10 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 | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹361 Cr (30-09-2026) | ₹7 Cr (30-09-2026) |
| NAV | ₹163.05 | ₹9.47 (Direct) |
| Expense ratio (Direct) | Not available | 1.46% |
| Expense ratio (Regular) | Not available | 1.79% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Top 10 Banks Total Return Index | Not available |
| Launch date | 26-02-2026 | Not available |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | Not available |
| Lock in | None | Not available |
| Fund managers | Priya Sridhar, Mehul Dama | Not available |
| Exit load | NIL | Not available |
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index: 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE TOP 10 BANKS ETF | +0.68% | −4.12% | +0.08% | -- | -- | -- | -- |
| Kotak Nifty Bank Index Fund (Direct) | +0.05% | -- | -- | -- | -- | -- | -- |
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index: Rolling Returns
Every holding period of both funds, against BSE Top 10 Banks TRI, the benchmark of Aditya Birla Sun Life BSE TOP 10 BANKS ETF
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.84% | −27.02% |
| Standard deviation | 19.26% | 12.74% |
| Sharpe ratio | -0.84 | -2.54 |
| Sortino ratio | -1.15 | -3.12 |
| Maximum drawdown | −14.7% (31-03-2026) | −7.1% (27-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.16% | −0.42% |
From daily NAVs, 04-03-2026 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.
Aditya Birla Sun Life BSE TOP 10 BANKS ETF
Kotak Nifty Bank Index Fund (Direct)
BSE Top 10 Banks TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE TOP 10 BANKS ETF | −5.6% | 26-08-2026 | 27-10-2026 | Not yet | -- | −4.2% |
| Kotak Nifty Bank Index Fund (Direct) | −7.1% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
| BSE Top 10 Banks TRI | −5.6% | 26-08-2026 | 27-10-2026 | Not yet | -- | −4.2% |
From daily values since 26-08-2026, the first day every fund has.
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life BSE TOP 10 BANKS ETF, September 2026; Kotak Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 78.6%
- Held by both
- 10
- Only in Aditya Birla Sun Life BSE TOP 10 BANKS ETF
- 0
- Only in Kotak Nifty Bank Index
- 4
| Security | % of Aditya Birla Sun Life BSE TOP 10 BANKS ETF | % of Kotak Nifty Bank Index |
|---|---|---|
| HDFC Bank Ltd. | 32.07% | 18.62% |
| ICICI Bank Ltd. | 22.16% | 14.18% |
| Kotak Mahindra Bank Ltd. | 9.79% | 10.20% |
| Axis Bank Ltd. | 9.61% | 10.06% |
| State Bank of India | 9.32% | 9.93% |
| The Federal Bank Ltd. | 4.59% | 6.56% |
| IndusInd Bank Ltd. | 3.43% | 4.97% |
| AU Small Finance Bank Ltd. | 3.34% | 4.85% |
| IDFC First Bank Ltd. | 3.16% | 4.54% |
| Bank of Baroda | 2.51% | 3.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 78.6% means 78.6% 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 Aditya Birla Sun Life BSE TOP 10 BANKS ETF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Bank Index Fund
| Security | % of fund |
|---|---|
| CANARA BANK | 3.37% |
| PUNJAB NATIONAL BANK | 3.27% |
| YES BANK LTD. | 3.01% |
| UNION BANK OF INDIA | 2.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index |
|---|---|---|
| Large Cap | 85.5% | 76.1% |
| Mid Cap | 14.5% | 23.9% |
| Small Cap | 0.0% | 0.0% |
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 | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life BSE TOP 10 BANKS ETF | Kotak Nifty Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.46% |
| Base expense ratio (Direct) | 0.00% | 0.14% |
| Total expense ratio (Regular) | Not available | 1.79% |
| Base expense ratio (Regular) | 0.12% | 0.42% |
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.
Aditya Birla Sun Life BSE TOP 10 BANKS ETF vs Kotak Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life BSE TOP 10 BANKS ETF and Kotak Nifty Bank Index Fund?
Aditya Birla Sun Life BSE TOP 10 BANKS ETF is an ETF fund, Kotak Nifty Bank Index Fund is a mutual fund, run by Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 78.6%. Aditya Birla Sun Life BSE TOP 10 BANKS ETF charges 0.17% a year and Kotak Nifty Bank Index Fund 1.46%.
Which has the lower expense ratio, Aditya Birla Sun Life BSE TOP 10 BANKS ETF or Kotak Nifty Bank Index Fund?
Aditya Birla Sun Life BSE TOP 10 BANKS ETF charges less: 0.17% a year against 1.46%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life BSE TOP 10 BANKS ETF and Kotak Nifty Bank Index Fund overlap?
78.6%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Aditya Birla Sun Life BSE TOP 10 BANKS ETF and Kotak Nifty Bank Index Fund?
Yes. 78.6% of each fund's money sits in the same holdings, so a large part 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.