Axis Nifty 500 Index Fund vs Kotak Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 500 Index Fund is an Index fund and Kotak Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, Axis Nifty 500 Index Fund (Direct) returned −7.6% and Kotak Balanced Advantage Fund (Direct) returned −1.6%. Axis Nifty 500 Index Fund charges 0.17% a year and Kotak Balanced Advantage Fund 0.82% (Direct plans). Their portfolios overlap 47.7%: they hold 121 of the same securities.
Axis Nifty 500 Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.17%
- NAV
- ₹9.63
Kotak Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −1.6%
- Expense ratio
- 0.82%
- NAV
- ₹22.45
Which is better, Axis Nifty 500 Index or Kotak Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Balanced Advantage returned more over 1 year: −1.6% against −7.6%.
- Axis Nifty 500 Index costs less: 0.17% a year against 0.82% (Direct plans).
- Kotak Balanced Advantage fell less in its worst fall since 16-07-2024: −9.1% against −18.6%.
- Axis Nifty 500 Index holds more in large companies: 67.2% of the fund in large caps against 51.1%.
- Kotak Balanced Advantage is the larger fund: ₹16,618 Cr against ₹314 Cr.
- Their portfolios overlap 47.7%: 121 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 Nifty 500 Index Fund | Kotak Balanced Advantage Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Balanced Advantage |
| AUM | ₹314 Cr (30-09-2026) | ₹16,618 Cr (30-09-2026) |
| NAV | ₹9.63 (Direct) | ₹22.45 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.82% |
| Expense ratio (Regular) | 1.11% | 1.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid composite debt 50:50 Index (Total Return |
| Launch date | 12-07-2024 | 03-08-2018 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Rohit Tandon, Hiten Shah, Abhishek Bisen |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days |
Axis Nifty 500 Index vs Kotak Balanced Advantage: 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 Nifty 500 Index Fund (Direct) | −0.76% | −6.09% | −2.91% | −7.64% | -- | -- | -- |
| Kotak Balanced Advantage Fund (Direct) | −0.31% | −3.11% | +0.22% | −1.56% | +9.18% | +8.44% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Axis Nifty 500 Index vs Kotak Balanced Advantage: Year-wise Returns
| Year | Axis Nifty 500 IndexAxis Nifty 500 Index | Kotak Balanced AdvantageKotak Balanced Advantage |
|---|---|---|
| 2026to date | −7.79% | −2.17% |
| 2025 | +7.73% | +7.13% |
| 2024 | -- | +15.67% |
| 2023 | -- | +17.42% |
| 2022 | -- | +5.06% |
| 2021 | -- | +14.43% |
Axis Nifty 500 Index vs Kotak Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Nifty 500 Index Fund
Rolling returns
Every 1-year holding period, 322 of them, one for each trading day from 16-07-2025 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.
Axis Nifty 500 Index Fund (Direct)
Kotak Balanced Advantage Fund (Direct)
Nifty 500 TRI
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index | 35.4 | 30.4 | 24.8 | 7.5 | 1.9 | 0.0 | 0.0 | 2.8% | 2.0% | −9.3% | 17.5% | 0% |
| Kotak Balanced Advantage | 5.4 | 46.7 | 42.6 | 5.4 | 0.0 | 0.0 | 0.0 | 4.9% | 4.8% | −2.9% | 13.0% | 74% |
| Nifty 500 TRI | 32.6 | 31.7 | 26.4 | 7.1 | 2.2 | 0.0 | 0.0 | 2.9% | 2.1% | −9.0% | 17.6% | -- |
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 500 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 16-07-2024. Past returns do not promise future returns.
Axis Nifty 500 Index vs Kotak Balanced Advantage: 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 16-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct) | ₹2,80,000 | ₹2,72,316 | −₹7,684 | −2.3% |
| Kotak Balanced AdvantageKotak Balanced Advantage Fund (Direct) | ₹2,80,000 | ₹2,86,168 | ₹6,168 | 1.8% |
Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct)
Kotak Balanced AdvantageKotak Balanced Advantage 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 500 Index vs Kotak Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 500 Index Fund (Direct) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.64% | −1.56% |
| Standard deviation | 14.37% | 8.92% |
| Sharpe ratio | -0.90 | -0.76 |
| Sortino ratio | -1.19 | -1.02 |
| Maximum drawdown | −14.9% (30-03-2026) | −8.4% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
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 | Axis Nifty 500 Index Fund (Direct) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.76% | +10.31% |
| Standard deviation | 14.00% | 9.51% |
| Sharpe ratio | -0.54 | 0.53 |
| Sortino ratio | -0.72 | 0.70 |
| Maximum drawdown | −18.6% (28-02-2025) | −26.3% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.20% | -- |
From daily NAVs, 16-07-2024 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.
Axis Nifty 500 Index Fund (Direct)
Kotak Balanced Advantage Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.2% |
| Kotak Balanced Advantage Fund (Direct) | −9.1% | 26-09-2024 | 28-02-2025 | 15-05-2025 | 2 months | −4.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 16-07-2024, 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.
Axis Nifty 500 Index Fund (Direct)
Kotak Balanced Advantage Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | 99% | 100% | 0.12% |
| Kotak Balanced Advantage Fund (Direct) | 74% | 55% | 6.42% |
From month-end values since 16-07-2024. 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 500 Index vs Kotak Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 500 Index Fund, September 2026; Kotak Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 47.7%
- Held by both
- 121
- Only in Axis Nifty 500 Index
- 379
- Only in Kotak Balanced Advantage
- 69
| Security | % of Axis Nifty 500 Index | % of Kotak Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 4.94% | 4.93% |
| Reliance Industries Limited | 4.14% | 3.36% |
| HDFC Bank Limited | 5.67% | 3.16% |
| Bharti Airtel Limited | 2.79% | 2.38% |
| State Bank of India | 2.07% | 3.64% |
| Larsen & Toubro Limited | 2.30% | 1.99% |
| Infosys Limited | 1.83% | 1.48% |
| Bajaj Finance Limited | 1.37% | 1.75% |
| Axis Bank Limited | 1.84% | 1.30% |
| Mahindra & Mahindra Limited | 1.37% | 1.29% |
| Kotak Mahindra Bank Limited | 1.60% | 1.25% |
| Eternal Limited | 1.21% | 1.35% |
| ITC Limited | 1.32% | 0.86% |
| Maruti Suzuki India Limited | 0.81% | 1.23% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 1.40% |
| NTPC Limited | 0.80% | 0.70% |
| UltraTech Cement Limited | 0.68% | 1.55% |
| Tata Consultancy Services Limited | 1.09% | 0.64% |
| Sun Pharmaceutical Industries Limited | 1.00% | 0.64% |
| Hindustan Unilever Limited | 0.87% | 0.62% |
| Power Grid Corporation of India Limited | 0.62% | 0.70% |
| InterGlobe Aviation Limited | 0.59% | 0.92% |
| Hindalco Industries Limited | 0.71% | 0.58% |
| Shriram Finance Limited | 0.72% | 0.53% |
| Adani Enterprises Limited | 0.51% | 1.02% |
| Tech Mahindra Limited | 0.50% | 0.81% |
| Bajaj Auto Limited | 0.62% | 0.48% |
| Titan Company Limited | 0.99% | 0.42% |
| Bharat Electronics Limited | 0.73% | 0.40% |
| Coal India Limited | 0.53% | 0.38% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.43% |
| Torrent Pharmaceuticals Limited | 0.37% | 0.52% |
| Bharat Petroleum Corporation Limited | 0.32% | 0.65% |
| Bharat Heavy Electricals Limited | 0.32% | 0.46% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.31% |
| Persistent Systems Limited | 0.30% | 0.37% |
| HDFC Life Insurance Company Limited | 0.29% | 0.29% |
| Apollo Hospitals Enterprise Limited | 0.44% | 0.28% |
| GE Vernova T&D India Limited | 0.27% | 1.17% |
| Life Insurance Corporation Of India | 0.26% | 0.37% |
| Indus Towers Limited | 0.25% | 0.40% |
| Power Finance Corporation Limited | 0.25% | 0.46% |
| Solar Industries India Limited | 0.25% | 1.67% |
| Asian Paints Limited | 0.57% | 0.24% |
| Cipla Limited | 0.40% | 0.22% |
| Wipro Limited | 0.22% | 0.27% |
| Jindal Steel Limited | 0.22% | 0.36% |
| Adani Energy Solutions Limited | 0.22% | 0.26% |
| Bosch Limited | 0.21% | 0.58% |
| United Spirits Limited | 0.21% | 0.53% |
| Embassy Office Parks REIT | 0.20% | 0.27% |
| ICICI Lombard General Insurance Company Limited | 0.20% | 0.59% |
| SRF Limited | 0.19% | 0.28% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 0.18% |
| Godrej Consumer Products Limited | 0.18% | 0.42% |
| PB Fintech Limited | 0.20% | 0.17% |
| DLF Limited | 0.23% | 0.15% |
| Hyundai Motor India Ltd | 0.15% | 0.22% |
| Mphasis Limited | 0.15% | 0.99% |
| Piramal Finance Limited | 0.14% | 0.19% |
| KEI Industries Limited | 0.14% | 0.29% |
| Biocon Limited | 0.13% | 0.29% |
| Ambuja Cements Limited | 0.12% | 0.49% |
| Brookfield India Real Estate Trust | 0.12% | 1.16% |
| Page Industries Limited | 0.12% | 0.15% |
| Oberoi Realty Limited | 0.11% | 0.47% |
| Coromandel International Limited | 0.11% | 0.76% |
| Kalyan Jewellers India Limited | 0.11% | 0.12% |
| Godrej Properties Limited | 0.11% | 0.25% |
| Sai Life Sciences Limited | 0.11% | 0.20% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.10% |
| Tata Communications Limited | 0.10% | 0.16% |
| Exide Industries Limited | 0.10% | 0.11% |
| Sansera Engineering Limited | 0.10% | 1.27% |
| Krishna Institute Of Medical Sciences Limited | 0.10% | 0.53% |
| Hindustan Aeronautics Limited | 0.46% | 0.09% |
| Jio Financial Services Limited | 0.37% | 0.09% |
| Ashok Leyland Limited | 0.23% | 0.09% |
| Astral Limited | 0.09% | 0.10% |
| Acutaas Chemicals Limited | 0.09% | 0.76% |
| Jubilant Foodworks Limited | 0.09% | 0.38% |
| MTAR Technologies Limited | 0.09% | 0.15% |
| Punjab National Bank | 0.20% | 0.08% |
| The Phoenix Mills Limited | 0.19% | 0.08% |
| Carborundum Universal Limited | 0.08% | 0.42% |
| Amber Enterprises India Limited | 0.08% | 0.18% |
| Schaeffler India Limited | 0.08% | 0.72% |
| Tata Motors Ltd | 0.46% | 0.07% |
| Cummins India Limited | 0.34% | 0.07% |
| Bank of Baroda | 0.22% | 0.07% |
| Alkem Laboratories Limited | 0.16% | 0.07% |
| Piramal Pharma Limited | 0.07% | 0.11% |
| Apollo Tyres Limited | 0.07% | 0.41% |
| Nuvama Wealth Management Limited | 0.07% | 0.14% |
| HDB Financial Services Limited | 0.07% | 0.16% |
| TVS Motor Company Limited | 0.50% | 0.05% |
| Swiggy Limited | 0.20% | 0.05% |
| Hindustan Zinc Limited | 0.14% | 0.05% |
| Linde India Limited | 0.07% | 0.05% |
| NTPC Green Energy Limited | 0.05% | 0.14% |
| Pine Labs Limited | 0.05% | 0.22% |
| Kajaria Ceramics Limited | 0.05% | 0.26% |
| Deepak Nitrite Limited | 0.05% | 0.12% |
| Jyoti CNC Automation Ltd | 0.05% | 0.29% |
| Eicher Motors Limited | 0.51% | 0.04% |
| Voltas Limited | 0.13% | 0.04% |
| ZF Commercial Vehicle Control Systems India Limited | 0.06% | 0.04% |
| Aptus Value Housing Finance India Limited | 0.04% | 0.33% |
| Varun Beverages Limited | 0.31% | 0.03% |
| Jubilant Ingrevia Limited | 0.03% | 0.07% |
| Techno Electric & Engineering Company Limited | 0.03% | 0.10% |
| Rainbow Childrens Medicare Limited | 0.03% | 0.17% |
| JSW Steel Limited | 0.63% | 0.02% |
| Mankind Pharma Limited | 0.15% | 0.02% |
| Tata Steel Limited | 0.80% | 0.01% |
| Bajaj Finserv Limited | 0.52% | 0.01% |
| Nestle India Limited | 0.49% | 0.01% |
| SBI Life Insurance Company Limited | 0.40% | 0.01% |
| Tata Consumer Products Limited | 0.32% | 0.01% |
| Steel Authority of India Limited | 0.14% | 0.01% |
| PNB Housing Finance Limited | 0.11% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.7% means 47.7% 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 500 Index Fund
| Security | % of fund |
|---|---|
| HCL Technologies Limited | 0.68% |
| BSE Limited | 0.66% |
| Divi's Laboratories Limited | 0.62% |
| Grasim Industries Limited | 0.60% |
| Trent Limited | 0.45% |
Largest holdings only in Kotak Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Central Government - 2064 | 5.67% |
| Power Finance Corporation Ltd. | 1.49% |
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 1.30% |
| National Housing Bank | 1.15% |
| KNOWLEDGE REALTY TRUST | 0.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 500 Index | Kotak Balanced Advantage |
|---|---|---|
| Equity | 99.8% | 70.2% |
| Debt | 0.0% | 20.3% |
| Cash and others | 0.2% | 9.5% |
Market cap of stocks
| Market cap | Axis Nifty 500 Index | Kotak Balanced Advantage |
|---|---|---|
| Large Cap | 67.2% | 51.1% |
| Mid Cap | 20.9% | 9.0% |
| Small Cap | 11.6% | 9.6% |
| Not on AMFI's list | 0.1% | 0.5% |
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 Nifty 500 Index | Kotak Balanced Advantage |
|---|---|---|
| Banks | 19.3% | 14.6% |
| Finance | 6.5% | 3.5% |
| Pharmaceuticals & Biotechnology | 5.8% | 0.0% |
| IT - Software | 5.7% | 4.3% |
| Petroleum Products | 5.0% | 4.0% |
| Automobiles | 4.9% | 3.5% |
| Auto Components | 2.5% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 500 Index vs Kotak Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 500 Index Fund | Kotak Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.82% |
| Base expense ratio (Direct) | 0.09% | 0.54% |
| Total expense ratio (Regular) | 1.11% | 1.88% |
| Base expense ratio (Regular) | 0.90% | 1.44% |
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 Kotak Balanced Advantage with
- Kotak Balanced Advantage vs quant Dynamic Asset Allocation
- Kotak Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- Kotak Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- Kotak Balanced Advantage vs Axis Balanced Advantage
- Kotak Balanced Advantage vs WhiteOak Capital Balanced Advantage
Axis Nifty 500 Index Fund vs Kotak Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Axis Nifty 500 Index Fund and Kotak Balanced Advantage Fund?
Axis Nifty 500 Index Fund is an Index fund, Kotak Balanced Advantage Fund is a Balanced Advantage fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 47.7%. Axis Nifty 500 Index Fund charges 0.17% a year and Kotak Balanced Advantage Fund 0.82%.
Which has given higher returns, Axis Nifty 500 Index Fund or Kotak Balanced Advantage Fund?
Over 1 year: Axis Nifty 500 Index Fund −7.64%, Kotak Balanced Advantage Fund −1.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 500 Index Fund or Kotak Balanced Advantage Fund?
Axis Nifty 500 Index Fund charges less: 0.17% a year against 0.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 500 Index Fund and Kotak Balanced Advantage Fund overlap?
47.7%. They hold 121 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty 500 Index Fund or Kotak Balanced Advantage Fund?
On SEBI's riskometer, Axis Nifty 500 Index Fund is rated Very High and Kotak Balanced Advantage Fund Very High. Over 1 years, the standard deviation of daily returns was 14.37% and 8.92% a year.
Can I invest in both Axis Nifty 500 Index Fund and Kotak Balanced Advantage Fund?
Yes. 47.7% 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 500 Index Fund and Kotak Balanced Advantage Fund?
Axis Nifty 500 Index Fund: Nandik Malik, Rohit Gautam. Kotak Balanced Advantage Fund: Rohit Tandon, Hiten Shah, 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.