Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Nifty PSE ETF is an ETF fund and Kotak BSE PSU Index Fund is an Index fund. In the year to 30-10-2026, Aditya Birla Sun Life Nifty PSE ETF returned −8.1% and Kotak BSE PSU Index Fund (Direct) returned −5.8%. Aditya Birla Sun Life Nifty PSE ETF charges 0.23% a year and Kotak BSE PSU Index Fund 0.47%. Their portfolios overlap 57.0%: they hold 20 of the same securities.
Aditya Birla Sun Life Nifty PSE ETF
ETF
- 1 year return
- −8.1%
- Expense ratio
- 0.23%
- NAV
- ₹9.48
Kotak BSE PSU Index Fund
Index
- 1 year return
- −5.8%
- Expense ratio
- 0.47%
- NAV
- ₹8.70
Which is better, Aditya Birla Sun Life Nifty PSE ETF or Kotak BSE PSU Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak BSE PSU Index returned more over 1 year: −5.8% against −8.1%.
- Aditya Birla Sun Life Nifty PSE ETF costs less: 0.23% a year against 0.47%.
- Kotak BSE PSU Index fell less in its worst fall since 05-08-2024: −26.8% against −28.9%.
- Kotak BSE PSU Index is the larger fund: ₹76 Cr against ₹22 Cr.
- Their portfolios overlap 57.0%: 20 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 Nifty PSE ETF | Kotak BSE PSU Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹22 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹9.48 | ₹8.70 (Direct) |
| Expense ratio (Direct) | Not available | 0.47% |
| Expense ratio (Regular) | Not available | 1.12% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty PSE | BSE PSU TRI |
| Launch date | 17-05-2024 | 31-07-2024 |
| 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 Cr | ₹100 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | NIL | Nil |
Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU 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 Nifty PSE ETF | −2.97% | −7.57% | −14.00% | −8.08% | -- | -- | -- |
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU Index: Year-wise Returns
| Year | Aditya Birla Sun Life Nifty PSE ETFAditya Birla Sun Life Nifty PSE ETF | Kotak BSE PSU IndexKotak BSE PSU Index |
|---|---|---|
| 2026to date | −6.58% | −6.53% |
| 2025 | +5.59% | +11.59% |
Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU Index: Rolling Returns
Every holding period of both funds, against Nifty PSE TRI, the benchmark of Aditya Birla Sun Life Nifty PSE ETF
Rolling returns
Every 1-year holding period, 305 of them, one for each trading day from 05-08-2025 to 30-10-2026: 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 Nifty PSE ETF
Kotak BSE PSU Index Fund (Direct)
Nifty PSE TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
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 Nifty PSE ETF | 36.4 | 25.2 | 16.1 | 10.2 | 5.6 | 3.9 | 2.6 | 3.1% | 3.6% | −17.8% | 30.7% | 0% |
| Kotak BSE PSU Index | 24.4 | 10.2 | 20.8 | 20.5 | 7.3 | 7.3 | 9.6 | 8.9% | 8.4% | −14.4% | 42.0% | 100% |
| Nifty PSE TRI | 36.1 | 23.6 | 18.0 | 9.5 | 6.2 | 3.9 | 2.6 | 3.3% | 3.8% | −17.7% | 30.9% | -- |
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 PSE 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 05-08-2024. Past returns do not promise future returns.
Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU Index: 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 01-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Nifty PSE ETFAditya Birla Sun Life Nifty PSE ETF | ₹2,70,000 | ₹2,53,156 | −₹16,844 | −5.5% |
| Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct) | ₹2,70,000 | ₹2,63,507 | −₹6,493 | −2.1% |
Aditya Birla Sun Life Nifty PSE ETFAditya Birla Sun Life Nifty PSE ETF
Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct)
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 Nifty PSE ETF vs Kotak BSE PSU 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 Nifty PSE ETF | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.08% | −5.83% |
| Standard deviation | 15.69% | 16.20% |
| Sharpe ratio | -0.85 | -0.68 |
| Sortino ratio | -1.12 | -0.89 |
| Maximum drawdown | −16.9% (23-10-2026) | −16.4% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.18% | −0.44% |
From daily NAVs, 30-10-2025 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.
| Measure | Aditya Birla Sun Life Nifty PSE ETF | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.67% | −3.44% |
| Standard deviation | 21.97% | 18.50% |
| Sharpe ratio | -0.48 | -0.50 |
| Sortino ratio | -0.61 | -0.66 |
| Maximum drawdown | −30.1% (28-02-2025) | −26.8% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.16% | −0.47% |
From daily NAVs, 21-05-2024 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 Nifty PSE ETF
Kotak BSE PSU Index Fund (Direct)
Nifty PSE TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty PSE ETF | −28.9% | 30-08-2024 | 28-02-2025 | Not yet | -- | −17.9% |
| Kotak BSE PSU Index Fund (Direct) | −26.8% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −15.0% |
| Nifty PSE TRI | −28.9% | 30-08-2024 | 28-02-2025 | Not yet | -- | −17.6% |
From daily values since 05-08-2024, 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 Nifty PSE ETF
Kotak BSE PSU Index Fund (Direct)
Nifty PSE TRI
Against Nifty PSE TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Nifty PSE ETF | 100% | 100% | 0.07% |
| Kotak BSE PSU Index Fund (Direct) | 112% | 96% | 5.07% |
From month-end values since 05-08-2024. 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 Nifty PSE ETF vs Kotak BSE PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Nifty PSE ETF, September 2026; Kotak BSE PSU Index Fund, September 2026
Holdings in common
- Overlap
- 57.0%
- Held by both
- 20
- Only in Aditya Birla Sun Life Nifty PSE ETF
- 0
- Only in Kotak BSE PSU Index
- 41
| Security | % of Aditya Birla Sun Life Nifty PSE ETF | % of Kotak BSE PSU Index |
|---|---|---|
| NTPC Ltd. | 12.85% | 7.33% |
| Bharat Electronics Ltd. | 11.65% | 6.69% |
| Power Grid Corporation of India Ltd. | 9.88% | 5.69% |
| Coal India Ltd. | 8.53% | 4.89% |
| Oil & Natural Gas Corporation Ltd. | 7.35% | 4.20% |
| Hindustan Aeronautics Ltd. | 7.42% | 4.18% |
| Bharat Heavy Electricals Ltd. | 5.07% | 2.91% |
| Bharat Petroleum Corporation Ltd. | 5.10% | 2.83% |
| Indian Oil Corporation Ltd. | 4.22% | 2.36% |
| Power Finance Corporation Ltd. | 3.97% | 2.27% |
| GAIL (India) Ltd. | 3.85% | 2.20% |
| REC Ltd. | 3.13% | 1.78% |
| Hindustan Petroleum Corporation Ltd. | 2.82% | 1.61% |
| National Aluminium Company Ltd. | 2.56% | 1.48% |
| NHPC Ltd. | 2.30% | 1.30% |
| NMDC Ltd. | 2.22% | 1.26% |
| Steel Authority of India Ltd. | 2.20% | 1.26% |
| Oil India Ltd. | 2.05% | 1.15% |
| Indian Railway Finance Corporation Ltd. | 1.49% | 0.84% |
| Container Corporation of India Ltd. | 1.29% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.0% means 57.0% 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 Aditya Birla Sun Life Nifty PSE ETF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| STATE BANK OF INDIA. | 19.12% |
| Life Insurance Corporation Of India | 2.63% |
| BANK OF BARODA | 2.06% |
| CANARA BANK | 1.92% |
| PUNJAB NATIONAL BANK | 1.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Nifty PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Nifty PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Large Cap | 81.4% | 76.9% |
| Mid Cap | 18.6% | 18.5% |
| Small Cap | 0.0% | 4.5% |
| Not on AMFI's list | 0.0% | 0.1% |
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 Nifty PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Banks | 0.0% | 30.3% |
| Power | 25.0% | 15.4% |
| Aerospace & Defense | 19.1% | 0.0% |
| Petroleum Products | 12.1% | 7.3% |
| Aerospace and Defense | 0.0% | 11.7% |
| Oil | 9.4% | 5.3% |
| Finance | 8.6% | 5.9% |
| Consumable Fuels | 8.5% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Nifty PSE ETF vs Kotak BSE PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Nifty PSE ETF | Kotak BSE PSU Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.47% |
| Base expense ratio (Direct) | 0.00% | 0.33% |
| Total expense ratio (Regular) | Not available | 1.12% |
| Base expense ratio (Regular) | 0.17% | 0.88% |
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 Nifty PSE ETF vs Kotak BSE PSU Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Nifty PSE ETF and Kotak BSE PSU Index Fund?
Aditya Birla Sun Life Nifty PSE ETF is an ETF fund, Kotak BSE PSU Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 57.0%. Aditya Birla Sun Life Nifty PSE ETF charges 0.23% a year and Kotak BSE PSU Index Fund 0.47%.
Which has given higher returns, Aditya Birla Sun Life Nifty PSE ETF or Kotak BSE PSU Index Fund?
Over 1 year: Aditya Birla Sun Life Nifty PSE ETF −8.08%, Kotak BSE PSU Index Fund −5.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Nifty PSE ETF or Kotak BSE PSU Index Fund?
Aditya Birla Sun Life Nifty PSE ETF charges less: 0.23% a year against 0.47%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Nifty PSE ETF and Kotak BSE PSU Index Fund overlap?
57.0%. They hold 20 of the same securities, the largest shared ones being NTPC, BEL, POWERGRID. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Nifty PSE ETF or Kotak BSE PSU Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life Nifty PSE ETF is rated Very High and Kotak BSE PSU Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.69% and 16.20% a year.
Can I invest in both Aditya Birla Sun Life Nifty PSE ETF and Kotak BSE PSU Index Fund?
Yes. 57.0% 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 Nifty PSE ETF and Kotak BSE PSU Index Fund?
Aditya Birla Sun Life Nifty PSE ETF: Priya Sridhar, Mehul Dama. Kotak BSE PSU Index Fund: 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.