Axis Nifty Energy ETF vs Kotak Energy Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Energy ETF is an ETF fund and Kotak Energy Opportunities Fund is a Thematic fund. Axis Nifty Energy ETF charges 1.70% a year and Kotak Energy Opportunities Fund 1.11%. Their portfolios overlap 42.4%: they hold 17 of the same securities.
Kotak Energy Opportunities Fund
Thematic
- Expense ratio
- 1.11%
- NAV
- ₹9.90
Which is better, Axis Nifty Energy ETF or Kotak Energy Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Energy Opportunities costs less: 1.11% a year against 1.70%.
- Axis Nifty Energy ETF fell less in its worst fall since 02-09-2026: −10.0% against −10.7%.
- Axis Nifty Energy ETF holds more in large companies: 72.5% of the fund in large caps against 50.0%.
- Kotak Energy Opportunities is the larger fund: ₹264 Cr against ₹7 Cr.
- Their portfolios overlap 42.4%: 17 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 Energy ETF | Kotak Energy Opportunities Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹7 Cr (30-09-2026) | ₹264 Cr (30-09-2026) |
| NAV | ₹17.52 | ₹9.90 (Direct) |
| Expense ratio (Direct) | Not available | 1.11% |
| Expense ratio (Regular) | Not available | 2.60% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 27-08-2026 | 25-04-2025 |
| Minimum investment | 75,000 Units | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Mallik, Rohit Gautam | Mandar Pawar, Abhishek Bisen |
| Exit load | Not available | Exit load of 0.5%, if redeemed within 90 Days. |
Axis Nifty Energy ETF vs Kotak Energy Opportunities: 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 Energy ETF | −4.59% | -- | -- | -- | -- | -- | -- |
| Kotak Energy Opportunities Fund (Direct) | −5.48% | −7.85% | −10.47% | −6.54% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Nifty Energy ETF vs Kotak Energy Opportunities: Year-wise Returns
| Year | Axis Nifty Energy ETFAxis Nifty Energy ETF | Kotak Energy OpportunitiesKotak Energy Opportunities | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | -- | −4.07% | −0.05% |
Axis Nifty Energy ETF vs Kotak Energy Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
Axis Nifty Energy ETF vs Kotak Energy Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Energy ETF | Kotak Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −40.63% | −0.80% |
| Standard deviation | 15.32% | 13.97% |
| Sharpe ratio | -3.00 | -0.44 |
| Sortino ratio | -3.31 | -0.59 |
| Maximum drawdown | −10.0% (23-10-2026) | −13.1% (23-10-2026) |
| Beta | 1.00 | 0.82 |
| Alpha | −0.21% | −4.09% |
From daily NAVs, 02-09-2026 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 Energy ETF
Kotak Energy Opportunities Fund (Direct)
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty Energy ETF | −10.0% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Kotak Energy Opportunities Fund (Direct) | −10.7% | 03-09-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| Nifty Energy TRI | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 02-09-2026, the first day every fund has.
Axis Nifty Energy ETF vs Kotak Energy Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy ETF, September 2026; Kotak Energy Opportunities Fund, September 2026
Holdings in common
- Overlap
- 42.4%
- Held by both
- 17
- Only in Axis Nifty Energy ETF
- 23
- Only in Kotak Energy Opportunities
- 22
| Security | % of Axis Nifty Energy ETF | % of Kotak Energy Opportunities |
|---|---|---|
| Reliance Industries Limited | 9.88% | 6.73% |
| GAIL (India) Limited | 4.86% | 7.40% |
| Coal India Limited | 10.18% | 4.82% |
| NTPC Limited | 6.09% | 3.48% |
| GE Vernova T&D India Limited | 3.30% | 5.24% |
| Tata Power Company Limited | 2.39% | 3.66% |
| ABB India Limited | 2.26% | 4.61% |
| Petronet LNG Limited | 2.25% | 4.84% |
| Bharat Petroleum Corporation Limited | 2.23% | 4.13% |
| Power Grid Corporation of India Limited | 4.68% | 2.17% |
| Siemens Limited | 2.09% | 4.65% |
| Oil & Natural Gas Corporation Limited | 9.26% | 1.71% |
| Indian Oil Corporation Limited | 1.84% | 1.38% |
| NHPC Limited | 1.09% | 2.48% |
| Torrent Power Limited | 0.94% | 1.70% |
| NLC India Limited | 0.38% | 1.19% |
| CESC Limited | 0.33% | 1.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.4% means 42.4% 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 Energy ETF
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 3.84% |
| CG Power and Industrial Solutions Limited | 3.72% |
| Adani Power Limited | 3.37% |
| Suzlon Energy Limited | 3.05% |
| Oil India Limited | 2.58% |
Largest holdings only in Kotak Energy Opportunities Fund
| Security | % of fund |
|---|---|
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 3.13% |
| Larsen and Toubro Ltd. | 2.56% |
| LUMINO INDUSTRIES LIMITED | 2.36% |
| ACME SOLAR HOLDINGS LTD. | 2.34% |
| Exide Industries Ltd. | 2.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy ETF | Kotak Energy Opportunities |
|---|---|---|
| Equity | 99.9% | 96.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 3.9% |
Market cap of stocks
| Market cap | Axis Nifty Energy ETF | Kotak Energy Opportunities |
|---|---|---|
| Large Cap | 72.5% | 50.0% |
| Mid Cap | 20.7% | 22.9% |
| Small Cap | 5.5% | 16.0% |
| Not on AMFI's list | 1.1% | 7.1% |
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 | Axis Nifty Energy ETF | Kotak Energy Opportunities |
|---|---|---|
| Power | 25.0% | 18.8% |
| Electrical Equipment | 24.9% | 21.0% |
| Petroleum Products | 15.5% | 13.5% |
| Gas | 12.4% | 12.2% |
| Oil | 11.8% | 1.7% |
| Consumable Fuels | 10.2% | 4.8% |
| Industrial Products | 0.0% | 8.0% |
| Construction | 0.0% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy ETF vs Kotak Energy Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy ETF | Kotak Energy Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.11% |
| Base expense ratio (Direct) | 0.00% | 0.84% |
| Total expense ratio (Regular) | Not available | 2.60% |
| Base expense ratio (Regular) | 0.25% | 2.10% |
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 Energy Opportunities with
Axis Nifty Energy ETF vs Kotak Energy Opportunities Fund: Frequently Asked Questions
What is the difference between Axis Nifty Energy ETF and Kotak Energy Opportunities Fund?
Axis Nifty Energy ETF is an ETF fund, Kotak Energy Opportunities Fund is a Thematic fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 42.4%. Axis Nifty Energy ETF charges 1.70% a year and Kotak Energy Opportunities Fund 1.11%.
Which has the lower expense ratio, Axis Nifty Energy ETF or Kotak Energy Opportunities Fund?
Kotak Energy Opportunities Fund charges less: 1.11% a year against 1.70%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Energy ETF and Kotak Energy Opportunities Fund overlap?
42.4%. They hold 17 of the same securities, the largest shared ones being RELIANCE, GAIL, COALINDIA. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty Energy ETF or Kotak Energy Opportunities Fund?
On SEBI's riskometer, Axis Nifty Energy ETF is rated Very High and Kotak Energy Opportunities Fund Very High. Over their common history, the standard deviation of daily returns was 15.32% and 13.97% a year.
Can I invest in both Axis Nifty Energy ETF and Kotak Energy Opportunities Fund?
Yes. 42.4% 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 Energy ETF and Kotak Energy Opportunities Fund?
Axis Nifty Energy ETF: Nandik Mallik, Rohit Gautam. Kotak Energy Opportunities Fund: Mandar Pawar, 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.