Axis BSE Sensex ETF vs Kotak Services Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis BSE Sensex ETF is an ETF fund and Kotak Services Fund is a Thematic fund. Axis BSE Sensex ETF charges 0.04% a year and Kotak Services Fund 1.25%. Their portfolios overlap 46.2%: they hold 13 of the same securities.
Which is better, Axis BSE Sensex ETF or Kotak Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis BSE Sensex ETF costs less: 0.04% a year against 1.25%.
- Kotak Services fell less in its worst fall since 02-03-2026: −7.1% against −10.3%.
- Axis BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 70.5%.
- Kotak Services is the larger fund: ₹711 Cr against ₹121 Cr.
- Their portfolios overlap 46.2%: 13 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 | Axis BSE Sensex ETF | Kotak Services Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹121 Cr (30-09-2026) | ₹711 Cr (30-09-2026) |
| NAV | ₹77.37 | ₹10.19 (Direct) |
| Expense ratio (Direct) | Not available | 1.25% |
| Expense ratio (Regular) | Not available | 2.61% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty Services Sector TRI |
| Launch date | 24-03-2023 | 25-02-2026 |
| Minimum investment | 40000 (Units) | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Rohit Tandon, Abhishek Bisen |
| Exit load | Nil | Exit load of 0.5%, if redeemed within 90 days. |
Axis BSE Sensex ETF vs Kotak Services: 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 |
|---|---|---|---|---|---|---|---|
| Axis BSE Sensex ETF | +2.77% | −4.30% | −2.43% | −10.95% | +6.21% | -- | -- |
| Kotak Services Fund (Direct) | +1.21% | −2.92% | +0.36% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis BSE Sensex ETF vs Kotak Services: Year-wise Returns
| Year | Axis BSE Sensex ETFAxis BSE Sensex ETF | Kotak ServicesKotak Services |
|---|---|---|
| 2026to date | −11.84% | -- |
| 2025 | +10.32% | -- |
| 2024 | +9.31% | -- |
Axis BSE Sensex ETF vs Kotak Services: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Axis BSE Sensex ETF
Axis BSE Sensex ETF vs Kotak Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis BSE Sensex ETF | Kotak Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.45% | +2.63% |
| Standard deviation | 12.62% | 12.62% |
| Sharpe ratio | 0.18 | -0.21 |
| Sortino ratio | 0.26 | -0.29 |
| Maximum drawdown | −16.0% (31-03-2026) | −7.1% (13-05-2026) |
| Beta | 1.00 | 0.69 |
| Alpha | −0.13% | +3.65% |
From daily NAVs, 29-03-2023 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.
Axis BSE Sensex ETF
Kotak Services Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis BSE Sensex ETF | −10.3% | 02-03-2026 | 31-03-2026 | Not yet | -- | −6.4% |
| Kotak Services Fund (Direct) | −7.1% | 21-04-2026 | 13-05-2026 | 07-07-2026 | 55 days | −5.0% |
| BSE SENSEX TRI | −10.3% | 02-03-2026 | 30-03-2026 | Not yet | -- | −6.4% |
From daily values since 02-03-2026, the first day every fund has.
Axis BSE Sensex ETF vs Kotak Services: Portfolio Overlap
From each fund's latest monthly portfolio: Axis BSE Sensex ETF, September 2026; Kotak Services Fund, September 2026
Holdings in common
- Overlap
- 46.2%
- Held by both
- 13
- Only in Axis BSE Sensex ETF
- 17
- Only in Kotak Services
- 36
| Security | % of Axis BSE Sensex ETF | % of Kotak Services |
|---|---|---|
| ICICI Bank Limited | 11.03% | 10.84% |
| HDFC Bank Limited | 12.59% | 6.22% |
| Bharti Airtel Limited | 6.38% | 6.01% |
| State Bank of India | 4.64% | 9.26% |
| Axis Bank Limited | 4.08% | 8.69% |
| Bajaj Finance Limited | 2.99% | 3.59% |
| Infosys Limited | 4.08% | 2.34% |
| Titan Company Limited | 2.18% | 5.00% |
| NTPC Limited | 1.78% | 1.87% |
| HCL Technologies Limited | 1.51% | 1.40% |
| Power Grid Corporation of India Limited | 1.38% | 5.03% |
| Eternal Limited | 2.69% | 1.23% |
| Tech Mahindra Limited | 1.14% | 3.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.2% means 46.2% 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 Axis BSE Sensex ETF
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 9.15% |
| Larsen & Toubro Limited | 5.11% |
| Kotak Mahindra Bank Limited | 3.57% |
| Mahindra & Mahindra Limited | 3.07% |
| ITC Limited | 2.96% |
Largest holdings only in Kotak Services Fund
| Security | % of fund |
|---|---|
| PNB HOUSING FINANCE LTD. | 4.11% |
| SHIPROCKET LIMITED | 2.18% |
| SHRIRAM FINANCE LIMITED | 2.11% |
| Info Edge India Ltd. | 1.83% |
| QUADRANT FUTURE TEK LIMITED | 1.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis BSE Sensex ETF | Kotak Services |
|---|---|---|
| Equity | 100.0% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 2.9% |
Market cap of stocks
| Market cap | Axis BSE Sensex ETF | Kotak Services |
|---|---|---|
| Large Cap | 100.0% | 70.5% |
| Mid Cap | 0.0% | 5.3% |
| Small Cap | 0.0% | 15.6% |
| Not on AMFI's list | 0.0% | 5.7% |
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 | Axis BSE Sensex ETF | Kotak Services |
|---|---|---|
| Banks | 35.9% | 36.5% |
| Finance | 4.1% | 12.0% |
| Petroleum Products | 9.2% | 0.0% |
| IT - Software | 9.1% | 7.2% |
| Power | 3.2% | 7.1% |
| Telecom - Services | 6.4% | 7.0% |
| Consumer Durables | 3.5% | 5.5% |
| Construction | 5.1% | 0.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis BSE Sensex ETF vs Kotak Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis BSE Sensex ETF | Kotak Services Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.25% |
| Base expense ratio (Direct) | 0.00% | 0.90% |
| Total expense ratio (Regular) | Not available | 2.61% |
| Base expense ratio (Regular) | 0.03% | 2.04% |
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
Axis BSE Sensex ETF vs Kotak Services Fund: Frequently Asked Questions
What is the difference between Axis BSE Sensex ETF and Kotak Services Fund?
Axis BSE Sensex ETF is an ETF fund, Kotak Services Fund is a Thematic fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 46.2%. Axis BSE Sensex ETF charges 0.04% a year and Kotak Services Fund 1.25%.
Which has the lower expense ratio, Axis BSE Sensex ETF or Kotak Services Fund?
Axis BSE Sensex ETF charges less: 0.04% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do Axis BSE Sensex ETF and Kotak Services Fund overlap?
46.2%. They hold 13 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Axis BSE Sensex ETF or Kotak Services Fund?
On SEBI's riskometer, Axis BSE Sensex ETF is rated Very High and Kotak Services Fund Very High. Over their common history, the standard deviation of daily returns was 12.62% and 12.62% a year.
Can I invest in both Axis BSE Sensex ETF and Kotak Services Fund?
Yes. 46.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis BSE Sensex ETF and Kotak Services Fund?
Axis BSE Sensex ETF: Nandik Malik, Rohit Gautam. Kotak Services Fund: Rohit Tandon, Abhishek Bisen.
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.