Axis Nifty India Defence Index Fund vs Kotak Nifty Chemicals ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty India Defence Index Fund is an Index fund and Kotak Nifty Chemicals ETF is an ETF fund. Axis Nifty India Defence Index Fund charges 0.65% a year and Kotak Nifty Chemicals ETF 0.27%. Their portfolios overlap 11.9%: they hold 1 of the same security.
Axis Nifty India Defence Index Fund
Index
- Expense ratio
- 0.65%
- NAV
- ₹9.65
Which is better, Axis Nifty India Defence Index or Kotak Nifty Chemicals ETF? 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 Chemicals ETF costs less: 0.27% a year against 0.65%.
- Axis Nifty India Defence Index fell less in its worst fall since 06-05-2026: −14.4% against −14.8%.
- Axis Nifty India Defence Index holds more in large companies: 51.7% of the fund in large caps against 26.5%.
- Axis Nifty India Defence Index is the larger fund: ₹368 Cr against ₹106 Cr.
- Their portfolios overlap 11.9%: 1 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 India Defence Index Fund | Kotak Nifty Chemicals ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | ETF |
| AUM | ₹368 Cr (30-09-2026) | ₹106 Cr (30-09-2026) |
| NAV | ₹9.65 (Direct) | ₹26.71 |
| Expense ratio (Direct) | 0.65% | Not available |
| Expense ratio (Regular) | 1.45% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Defence TRI | Nifty Chemicals TRI |
| Launch date | 29-04-2026 | 12-11-2025 |
| Minimum investment | ₹100 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Satish Dondapati, Abhishek Bisen, amp, Jeetu Valechha Sonar |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | NIL |
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: 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 India Defence Index Fund (Direct) | −6.25% | −5.28% | -- | -- | -- | -- | -- |
| Kotak Nifty Chemicals ETF | −6.16% | −11.18% | −6.25% | -- | -- | -- | -- |
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: Year-wise Returns
| Year | Axis Nifty India Defence IndexAxis Nifty India Defence Index | Kotak Nifty Chemicals ETFKotak Nifty Chemicals ETF |
|---|---|---|
| 2026to date | -- | −8.11% |
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: Rolling Returns
Every holding period of both funds, against Nifty India Defence TRI, the benchmark of Axis Nifty India Defence Index Fund
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty India Defence Index Fund (Direct) | Kotak Nifty Chemicals ETF |
|---|---|---|
| Return (CAGR) | −9.67% | −8.66% |
| Standard deviation | 22.28% | 18.90% |
| Sharpe ratio | -0.67 | -0.74 |
| Sortino ratio | -0.87 | -0.98 |
| Maximum drawdown | −14.4% (23-10-2026) | −14.9% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.26% |
From daily NAVs, 06-05-2026 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 India Defence Index Fund (Direct)
Kotak Nifty Chemicals ETF
Nifty India Defence TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty India Defence Index Fund (Direct) | −14.4% | 08-09-2026 | 23-10-2026 | Not yet | -- | −13.0% |
| Kotak Nifty Chemicals ETF | −14.8% | 21-07-2026 | 23-10-2026 | Not yet | -- | −13.8% |
| Nifty India Defence TRI | −14.3% | 08-09-2026 | 23-10-2026 | Not yet | -- | −12.9% |
From daily values since 06-05-2026, the first day every fund has.
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty India Defence Index Fund, September 2026; Kotak Nifty Chemicals ETF, September 2026
Holdings in common
- Overlap
- 11.9%
- Held by both
- 1
- Only in Axis Nifty India Defence Index
- 21
- Only in Kotak Nifty Chemicals ETF
- 19
| Security | % of Axis Nifty India Defence Index | % of Kotak Nifty Chemicals ETF |
|---|---|---|
| Solar Industries India Limited | 11.93% | 13.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.9% means 11.9% 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 India Defence Index Fund
| Security | % of fund |
|---|---|
| Bharat Electronics Limited | 20.01% |
| Hindustan Aeronautics Limited | 19.72% |
| Bharat Forge Limited | 13.31% |
| MTAR Technologies Limited | 4.21% |
| Mazagon Dock Shipbuilders Limited | 3.99% |
Largest holdings only in Kotak Nifty Chemicals ETF
| Security | % of fund |
|---|---|
| Pidilite Industries Ltd. | 12.90% |
| SRF LTD. | 10.18% |
| NAVIN FLUORINE INTERNATIONAL LTD. | 8.61% |
| UPL Ltd | 8.58% |
| Coromandel International Limited | 5.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty India Defence Index | Kotak Nifty Chemicals ETF |
|---|---|---|
| Equity | 99.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty India Defence Index | Kotak Nifty Chemicals ETF |
|---|---|---|
| Large Cap | 51.7% | 26.5% |
| Mid Cap | 23.0% | 39.1% |
| Small Cap | 24.4% | 34.4% |
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 India Defence Index | Kotak Nifty Chemicals ETF |
|---|---|---|
| Chemicals and Petrochemicals | 0.0% | 76.9% |
| Aerospace & Defense | 59.2% | 0.0% |
| Fertilizers and Agrochemicals | 0.0% | 23.1% |
| Auto Components | 13.3% | 0.0% |
| Chemicals & Petrochemicals | 11.9% | 0.0% |
| Industrial Manufacturing | 8.5% | 0.0% |
| Electrical Equipment | 4.2% | 0.0% |
| Agricultural, Commercial & Construction Vehicles | 1.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty India Defence Index vs Kotak Nifty Chemicals ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty India Defence Index Fund | Kotak Nifty Chemicals ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 1.45% | Not available |
| Base expense ratio (Regular) | 0.90% | 0.21% |
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 India Defence Index Fund vs Kotak Nifty Chemicals ETF: Frequently Asked Questions
What is the difference between Axis Nifty India Defence Index Fund and Kotak Nifty Chemicals ETF?
Axis Nifty India Defence Index Fund is an Index fund, Kotak Nifty Chemicals ETF is an ETF fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 11.9%. Axis Nifty India Defence Index Fund charges 0.65% a year and Kotak Nifty Chemicals ETF 0.27%.
Which has the lower expense ratio, Axis Nifty India Defence Index Fund or Kotak Nifty Chemicals ETF?
Kotak Nifty Chemicals ETF charges less: 0.27% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty India Defence Index Fund and Kotak Nifty Chemicals ETF overlap?
11.9%. They hold 1 of the same securities, the largest shared ones being SOLARINDS. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty India Defence Index Fund or Kotak Nifty Chemicals ETF?
On SEBI's riskometer, Axis Nifty India Defence Index Fund is rated Very High and Kotak Nifty Chemicals ETF Very High. Over their common history, the standard deviation of daily returns was 22.28% and 18.90% a year.
Can I invest in both Axis Nifty India Defence Index Fund and Kotak Nifty Chemicals ETF?
Yes. 11.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Nifty India Defence Index Fund and Kotak Nifty Chemicals ETF?
Axis Nifty India Defence Index Fund: Nandik Malik, Rohit Gautam. Kotak Nifty Chemicals ETF: Satish Dondapati, Abhishek Bisen, amp, 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.