Aditya Birla Sun Life MNC Fund vs Kotak Nifty MNC ETF
Direct Plan where a fund has one, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life MNC Fund is a Thematic fund and Kotak Nifty MNC ETF is an ETF fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life MNC Fund (Direct) returned 5.1% a year and Kotak Nifty MNC ETF returned 10.3% a year. Aditya Birla Sun Life MNC Fund charges 1.48% a year and Kotak Nifty MNC ETF 0.40%. Their portfolios overlap 49.2%: they hold 23 of the same securities.
Aditya Birla Sun Life MNC Fund
Thematic
- 3 year return
- 5.1%
- Expense ratio
- 1.48%
- NAV
- ₹1,328.73
Which is better, Aditya Birla Sun Life MNC or Kotak Nifty MNC ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty MNC ETF returned more over 3 years: 10.3% a year against 5.1%.
- Kotak Nifty MNC ETF returned more over 1 year: −5.3% against −14.1%.
- Kotak Nifty MNC ETF costs less: 0.40% a year against 1.48%.
- Aditya Birla Sun Life MNC swung less over 3 years: a standard deviation of 12.5% a year against 14.0%.
- Aditya Birla Sun Life MNC fell less in its worst fall since 11-08-2022: −22.2% against −23.6%.
- Kotak Nifty MNC ETF holds more in large companies: 66.0% of the fund in large caps against 32.6%.
- Aditya Birla Sun Life MNC is the larger fund: ₹3,029 Cr against ₹45 Cr.
- Their portfolios overlap 49.2%: 23 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 MNC Fund | Kotak Nifty MNC ETF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹3,029 Cr (30-09-2026) | ₹45 Cr (30-09-2026) |
| NAV | ₹1,328.73 (Direct) | ₹29.34 |
| Expense ratio (Direct) | 1.48% | Not available |
| Expense ratio (Regular) | 2.11% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 27-12-1999 | 05-08-2022 |
| Minimum investment | ₹1,000 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. Market Makers andLarge Investors may buy the units on any b |
| Lock in | None | None |
| Fund managers | Chanchal Khandelwal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit load of 1%, if redeemed within 90 days. | NIL |
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: 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 MNC Fund (Direct) | −4.05% | −10.05% | −7.06% | −14.09% | +5.12% | +4.90% | +7.73% |
| Kotak Nifty MNC ETF | −6.24% | −13.17% | −10.27% | −5.30% | +10.35% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: Year-wise Returns
| Year | Aditya Birla Sun Life MNCAditya Birla Sun Life MNC | Kotak Nifty MNC ETFKotak Nifty MNC ETF | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −10.83% | −6.18% | −5.55% |
| 2025 | −0.26% | +10.28% | +10.75% |
| 2024 | +18.03% | +16.17% | +16.63% |
| 2023 | +24.02% | +23.70% | +24.10% |
| 2022 | −4.12% | -- | +3.83% |
| 2021 | +12.83% | -- | +24.64% |
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 300 of them, one for each trading day from 11-08-2025 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life MNC Fund (Direct)
Kotak Nifty MNC ETF
Nifty MNC TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life MNC | 0.0 | 4.7 | 24.3 | 71.0 | 0.0 | 0.0 | 0.0 | 11.3% | 12.4% | 3.9% | 14.7% | 0% |
| Kotak Nifty MNC ETF | 0.0 | 0.0 | 0.7 | 26.7 | 72.7 | 0.0 | 0.0 | 15.6% | 15.8% | 9.3% | 19.7% | 0% |
| Nifty MNC TRI | 0.0 | 0.0 | 0.7 | 19.7 | 78.7 | 1.0 | 0.0 | 16.0% | 16.2% | 9.8% | 20.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty MNC TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-08-2022. Past returns do not promise future returns.
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-08-2022 to 29-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life MNCAditya Birla Sun Life MNC Fund (Direct) | ₹5,10,000 | ₹5,27,837 | ₹17,837 | 1.6% |
| Kotak Nifty MNC ETFKotak Nifty MNC ETF | ₹5,10,000 | ₹5,81,145 | ₹71,145 | 6.1% |
Aditya Birla Sun Life MNCAditya Birla Sun Life MNC Fund (Direct)
Kotak Nifty MNC ETFKotak Nifty MNC ETF
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life MNC Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | −14.09% | −5.30% |
| Standard deviation | 13.34% | 15.54% |
| Sharpe ratio | -1.45 | -0.68 |
| Sortino ratio | -1.85 | -0.88 |
| Maximum drawdown | −17.4% (31-03-2026) | −18.0% (23-10-2026) |
| Beta | 0.81 | 1.00 |
| Alpha | −11.37% | −0.33% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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.
| Measure | Aditya Birla Sun Life MNC Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | +5.12% | +10.35% |
| Standard deviation | 12.55% | 14.05% |
| Sharpe ratio | -0.07 | 0.31 |
| Sortino ratio | -0.10 | 0.42 |
| Maximum drawdown | −22.2% (28-02-2025) | −23.6% (28-02-2025) |
| Beta | 0.80 | 1.00 |
| Alpha | −4.75% | −0.42% |
From daily NAVs, 27-10-2023 to 29-10-2026. 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.
| Measure | Aditya Birla Sun Life MNC Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | +12.33% | +10.39% |
| Standard deviation | 13.06% | 13.03% |
| Sharpe ratio | 0.48 | 0.32 |
| Sortino ratio | 0.65 | 0.44 |
| Maximum drawdown | −32.4% (23-03-2020) | −23.6% (28-02-2025) |
| Beta | 0.71 | 1.00 |
| Alpha | +0.89% | −0.38% |
From daily NAVs, 02-01-2013 to 29-10-2026. 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 MNC Fund (Direct)
Kotak Nifty MNC ETF
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life MNC Fund (Direct) | −22.2% | 01-10-2024 | 28-02-2025 | Not yet | -- | −18.7% |
| Kotak Nifty MNC ETF | −23.6% | 01-10-2024 | 28-02-2025 | 06-05-2026 | 14 months | −16.1% |
| Nifty MNC TRI | −23.5% | 01-10-2024 | 28-02-2025 | 29-04-2026 | 14 months | −16.0% |
From daily values since 11-08-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life MNC Fund (Direct)
Kotak Nifty MNC ETF
Nifty MNC TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life MNC Fund (Direct)
Kotak Nifty MNC ETF
Nifty MNC TRI
Against Nifty MNC TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life MNC Fund (Direct) | 79% | 95% | 7.56% |
| Kotak Nifty MNC ETF | 99% | 101% | 0.05% |
From month-end values since 11-08-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life MNC Fund, September 2026; Kotak Nifty MNC ETF, September 2026
Holdings in common
- Overlap
- 49.2%
- Held by both
- 23
- Only in Aditya Birla Sun Life MNC
- 38
- Only in Kotak Nifty MNC ETF
- 7
| Security | % of Aditya Birla Sun Life MNC | % of Kotak Nifty MNC ETF |
|---|---|---|
| Maruti Suzuki India Ltd. | 4.74% | 10.21% |
| Hindustan Unilever Ltd. | 3.82% | 9.95% |
| United Spirits Ltd. | 4.04% | 3.74% |
| Britannia Industries Ltd. | 3.61% | 5.32% |
| Nestle India Ltd. | 3.54% | 8.78% |
| Bosch Ltd. | 3.39% | 3.82% |
| Cummins India Ltd. | 3.03% | 6.01% |
| Vedanta Aluminium Metal Ltd. | 2.92% | 6.54% |
| Hyundai Motor India Ltd. | 2.26% | 2.70% |
| Gland Pharma Ltd. | 3.40% | 2.16% |
| ABB India Ltd. | 1.92% | 3.33% |
| Siemens Ltd. | 1.64% | 3.08% |
| Ambuja Cements Ltd. | 1.61% | 2.18% |
| Schaeffler India Ltd. | 2.57% | 1.47% |
| Ashok Leyland Ltd. | 1.47% | 4.12% |
| LG Electronics India Ltd. | 1.37% | 1.64% |
| Vedanta Ltd. | 1.28% | 4.26% |
| Timken India Ltd. | 1.25% | 1.05% |
| Abbott India Ltd. | 1.03% | 1.33% |
| CRISIL Ltd. | 2.13% | 1.01% |
| Escorts Kubota Ltd. | 0.99% | 0.84% |
| United Breweries Ltd. | 1.96% | 0.78% |
| Oracle Financial Services Software Ltd. | 0.53% | 2.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.2% means 49.2% 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 MNC Fund
| Security | % of fund |
|---|---|
| 3M India Ltd. | 2.13% |
| Honeywell Automation India Ltd. | 1.99% |
| Pfizer Ltd. | 1.97% |
| Grindwell Norton Ltd. | 1.90% |
| Asahi India Glass Ltd. | 1.85% |
Largest holdings only in Kotak Nifty MNC ETF
| Security | % of fund |
|---|---|
| HITACHI ENERGY INDIA LTD. | 3.64% |
| SIEMENS ENERGY INDIA LTD | 2.64% |
| Colgate- Palmolive (India) Ltd. | 2.17% |
| Nippon Life Asset Management Ltd | 1.80% |
| Linde India Ltd. | 1.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life MNC | Kotak Nifty MNC ETF |
|---|---|---|
| Equity | 99.4% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.6% | 0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life MNC | Kotak Nifty MNC ETF |
|---|---|---|
| Large Cap | 32.6% | 66.0% |
| Mid Cap | 31.2% | 28.0% |
| Small Cap | 35.0% | 6.0% |
| Foreign stocks | 0.6% | 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 MNC | Kotak Nifty MNC ETF |
|---|---|---|
| Food Products | 7.7% | 14.1% |
| Automobiles | 7.0% | 12.9% |
| Electrical Equipment | 5.3% | 12.7% |
| Pharmaceuticals & Biotechnology | 11.1% | 0.0% |
| Auto Components | 10.8% | 5.3% |
| Diversified FMCG | 3.8% | 9.9% |
| Industrial Products | 7.0% | 7.1% |
| Non - Ferrous Metals | 2.9% | 6.5% |
| Beverages | 6.0% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life MNC vs Kotak Nifty MNC ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life MNC Fund | Kotak Nifty MNC ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.48% | Not available |
| Base expense ratio (Direct) | 1.14% | 0.00% |
| Total expense ratio (Regular) | 2.11% | Not available |
| Base expense ratio (Regular) | 1.68% | 0.25% |
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
Compare Aditya Birla Sun Life MNC with
Aditya Birla Sun Life MNC Fund vs Kotak Nifty MNC ETF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life MNC Fund and Kotak Nifty MNC ETF?
Aditya Birla Sun Life MNC Fund is a Thematic fund, Kotak Nifty MNC ETF is an ETF fund, run by Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 49.2%. Aditya Birla Sun Life MNC Fund charges 1.48% a year and Kotak Nifty MNC ETF 0.40%.
Which has given higher returns, Aditya Birla Sun Life MNC Fund or Kotak Nifty MNC ETF?
Over 1 year: Aditya Birla Sun Life MNC Fund −14.09%, Kotak Nifty MNC ETF −5.30%. Over 3 years: Aditya Birla Sun Life MNC Fund +5.12% a year, Kotak Nifty MNC ETF +10.35% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life MNC Fund or Kotak Nifty MNC ETF?
Kotak Nifty MNC ETF charges less: 0.40% a year against 1.48%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life MNC Fund and Kotak Nifty MNC ETF overlap?
49.2%. They hold 23 of the same securities, the largest shared ones being MARUTI, HINDUNILVR, UNITDSPR. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life MNC Fund or Kotak Nifty MNC ETF?
On SEBI's riskometer, Aditya Birla Sun Life MNC Fund is rated Very High and Kotak Nifty MNC ETF Very High. Over 3 years, the standard deviation of daily returns was 12.55% and 14.05% a year.
Which is better for SIP, Aditya Birla Sun Life MNC Fund or Kotak Nifty MNC ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹3,48,735 in Aditya Birla Sun Life MNC Fund (XIRR -3.7% a year) and ₹3,78,003 in Kotak Nifty MNC ETF (XIRR 1.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life MNC Fund and Kotak Nifty MNC ETF?
Yes. 49.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life MNC Fund and Kotak Nifty MNC ETF?
Aditya Birla Sun Life MNC Fund: Chanchal Khandelwal. Kotak Nifty MNC ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.