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    Axis Nifty 100 Index Fund vs Kotak Nifty 100 Equal Weight Index Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Axis Nifty 100 Index Fund is an Index fund and Kotak Nifty 100 Equal Weight Index Fund is an Index fund. In the year to 30-10-2026, Axis Nifty 100 Index Fund (Direct) returned −8.9% and Kotak Nifty 100 Equal Weight Index Fund (Direct) returned −4.0%. Axis Nifty 100 Index Fund charges 0.26% a year and Kotak Nifty 100 Equal Weight Index Fund 0.40% (Direct plans). Their portfolios overlap 62.2%: they hold 100 of the same securities.

    Axis Nifty 100 Index Fund

    Index

    1 year return
    −8.9%
    Expense ratio
    0.26%
    NAV
    ₹21.51
    See Axis Nifty 100 Index Fund

    Kotak Nifty 100 Equal Weight Index Fund

    Index

    1 year return
    −4.0%
    Expense ratio
    0.40%
    NAV
    ₹10.45
    See Kotak Nifty 100 Equal Weight Index Fund

    Which is better, Axis Nifty 100 Index or Kotak Nifty 100 Equal Weight 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 Nifty 100 Equal Weight Index returned more over 1 year: −4.0% against −8.9%.
    • Axis Nifty 100 Index costs less: 0.26% a year against 0.40% (Direct plans).
    • Kotak Nifty 100 Equal Weight Index fell less in its worst fall since 30-12-2024: −13.5% against −14.9%.
    • Axis Nifty 100 Index is the larger fund: ₹1,989 Cr against ₹48 Cr.
    • Their portfolios overlap 62.2%: 100 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

    FactAxis Nifty 100 Index FundKotak Nifty 100 Equal Weight Index Fund
    Fund houseAxis Mutual FundKotak Mahindra Mutual Fund
    CategoryIndexIndex
    AUM₹1,989 Cr (30-09-2026)₹48 Cr (30-09-2026)
    NAV₹21.51 (Direct)₹10.45 (Direct)
    Expense ratio (Direct)0.26%0.40%
    Expense ratio (Regular)0.97%0.90%
    RiskometerVery HighVery High
    BenchmarkNifty 100 TRINIFTY 100 Equal Weighted TRI
    Launch date18-10-201923-12-2024
    Minimum investment₹100₹100
    Lock inNoneNone
    Fund managersNandik Malik, Rohit GautamSatish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar
    Exit loadNilNil

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Axis Nifty 100 Index Fund (Direct)+1.02%−5.36%−3.09%−8.92%+8.79%+6.97%--
    Kotak Nifty 100 Equal Weight Index Fund (Direct)−0.97%−6.72%−2.65%−4.01%------

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Year-wise Returns

    YearAxis Nifty 100Axis Nifty 100 IndexKotak Nifty 100 Equal WeightKotak Nifty 100 Equal Weight Index
    2026to date−9.51%−3.58%
    2025+10.02%+8.57%
    2024+12.57%--
    2023+20.95%--
    2022+4.79%--
    2021+25.90%--

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Rolling Returns

    Every holding period of both funds, against Nifty 100 TRI, the benchmark of Axis Nifty 100 Index Fund

    Rolling returns

    Every 1-year holding period, 208 of them, one for each trading day from 30-12-2025 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.

    −20%−10%0%10%20%
    Jan 2025
    to
    Jan 2026    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Aug 2025
    to
    Aug 2026    Oct 2025
    to
    Oct 2026
    Axis Nifty 100 Index Fund (Direct)Kotak Nifty 100 Equal Weight Index Fund (Direct)Nifty 100 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Axis Nifty 100 Index48.621.214.914.41.00.00.01.8%0.2%−10.7%16.2%0%
    Kotak Nifty 100 Equal Weight Index9.820.538.523.97.30.00.07.1%7.4%−6.0%19.7%92%
    Nifty 100 TRI47.622.113.015.91.40.00.02.0%0.4%−10.5%16.4%--

    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 100 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 30-12-2024. Past returns do not promise future returns.

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct) ₹2,30,000 ₹2,22,725 −₹7,275 −3.2%
    Kotak Nifty 100 Equal Weight IndexKotak Nifty 100 Equal Weight Index Fund (Direct) ₹2,30,000 ₹2,31,969 ₹1,969 0.9%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    20252026
    Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct)Kotak Nifty 100 Equal Weight IndexKotak Nifty 100 Equal Weight 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.

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureAxis Nifty 100 Index Fund (Direct)Kotak Nifty 100 Equal Weight Index Fund (Direct)
    Return (CAGR)−8.92%−4.01%
    Standard deviation13.88%15.26%
    Sharpe ratio-1.02-0.61
    Sortino ratio-1.36-0.81
    Maximum drawdown−14.9% (31-03-2026)−13.5% (30-03-2026)
    Beta1.001.00
    Alpha−0.24%−0.22%

    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.

    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.

    −15%−10%−5%0%
    20252026
    Axis Nifty 100 Index Fund (Direct)Kotak Nifty 100 Equal Weight Index Fund (Direct)Nifty 100 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Axis Nifty 100 Index Fund (Direct)−14.9%02-01-202631-03-2026Not yet--−10.3%
    Kotak Nifty 100 Equal Weight Index Fund (Direct)−13.5%07-01-202630-03-202627-05-202658 days−8.8%
    Nifty 100 TRI−14.9%02-01-202630-03-2026Not yet--−10.1%

    From daily values since 30-12-2024, 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.

    0%5%10%15%20%
    2026
    Axis Nifty 100 Index Fund (Direct)Kotak Nifty 100 Equal Weight Index Fund (Direct)Nifty 100 TRI

    Against Nifty 100 TRI

    FundUp captureDown captureTracking error
    Axis Nifty 100 Index Fund (Direct)99%100%0.03%
    Kotak Nifty 100 Equal Weight Index Fund (Direct)111%97%4.98%

    From month-end values since 30-12-2024. 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.

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Axis Nifty 100 Index Fund, September 2026; Kotak Nifty 100 Equal Weight Index Fund, September 2026

    Holdings in common

    Overlap
    62.2%
    Held by both
    100
    Only in Axis Nifty 100 Index
    0
    Only in Kotak Nifty 100 Equal Weight Index
    0
    Security% of Axis Nifty 100 Index% of Kotak Nifty 100 Equal Weight Index
    Kotak Mahindra Bank Limited2.38%1.06%
    Axis Bank Limited2.73%1.03%
    Adani Ports and Special Economic Zone Limited1.09%1.03%
    ICICI Bank Limited7.34%1.02%
    Infosys Limited2.72%1.02%
    Maruti Suzuki India Limited1.21%1.02%
    Bharti Airtel Limited4.14%1.01%
    Tata Consultancy Services Limited1.62%1.01%
    Sun Pharmaceutical Industries Limited1.49%1.01%
    NTPC Limited1.19%1.01%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.2% means 62.2% 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 Nifty 100 Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in Kotak Nifty 100 Equal Weight Index Fund

    Every holding of this fund is also held by the other.

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetAxis Nifty 100 IndexKotak Nifty 100 Equal Weight Index
    Equity100.0%100.0%
    Debt0.0%0.0%
    Cash and others-0.0%0.0%

    Market cap of stocks

    Market capAxis Nifty 100 IndexKotak Nifty 100 Equal Weight Index
    Large Cap98.0%94.0%
    Mid Cap2.0%6.0%
    Small Cap0.0%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

    SectorAxis Nifty 100 IndexKotak Nifty 100 Equal Weight Index
    Banks25.1%9.1%
    Finance6.2%10.0%
    Petroleum Products7.0%3.0%
    Automobiles6.4%7.0%
    IT - Software6.7%6.0%
    Power3.9%6.0%
    Pharmaceuticals and Biotechnology0.0%6.0%
    Telecom - Services4.4%1.9%

    The six largest sectors of each fund's stocks, % of the fund.

    Axis Nifty 100 Index vs Kotak Nifty 100 Equal Weight Index: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeAxis Nifty 100 Index FundKotak Nifty 100 Equal Weight Index Fund
    Total expense ratio (Direct)0.26%0.40%
    Base expense ratio (Direct)0.18%0.18%
    Total expense ratio (Regular)0.97%0.90%
    Base expense ratio (Regular)0.79%0.60%

    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.

    Axis Nifty 100 Index Fund vs Kotak Nifty 100 Equal Weight Index Fund: Frequently Asked Questions

    What is the difference between Axis Nifty 100 Index Fund and Kotak Nifty 100 Equal Weight Index Fund?

    Axis Nifty 100 Index Fund is an Index fund, Kotak Nifty 100 Equal Weight Index Fund is an Index fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 62.2%. Axis Nifty 100 Index Fund charges 0.26% a year and Kotak Nifty 100 Equal Weight Index Fund 0.40%.

    Which has given higher returns, Axis Nifty 100 Index Fund or Kotak Nifty 100 Equal Weight Index Fund?

    Over 1 year: Axis Nifty 100 Index Fund −8.92%, Kotak Nifty 100 Equal Weight Index Fund −4.01%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Axis Nifty 100 Index Fund or Kotak Nifty 100 Equal Weight Index Fund?

    Axis Nifty 100 Index Fund charges less: 0.26% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Axis Nifty 100 Index Fund and Kotak Nifty 100 Equal Weight Index Fund overlap?

    62.2%. They hold 100 of the same securities, the largest shared ones being KOTAKBANK, AXISBANK, ADANIPORTS. From each fund's latest monthly portfolio.

    Which is riskier, Axis Nifty 100 Index Fund or Kotak Nifty 100 Equal Weight Index Fund?

    On SEBI's riskometer, Axis Nifty 100 Index Fund is rated Very High and Kotak Nifty 100 Equal Weight Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.88% and 15.26% a year.

    Can I invest in both Axis Nifty 100 Index Fund and Kotak Nifty 100 Equal Weight Index Fund?

    Yes. 62.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Axis Nifty 100 Index Fund and Kotak Nifty 100 Equal Weight Index Fund?

    Axis Nifty 100 Index Fund: Nandik Malik, Rohit Gautam. Kotak Nifty 100 Equal Weight 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.

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