Bajaj Finserv Equity Savings Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Equity Savings Fund and Kotak Equity Savings Fund are both Equity Savings funds. In the year to 30-10-2026, Bajaj Finserv Equity Savings Fund (Direct) returned 3.8% and Kotak Equity Savings Fund (Direct) returned 0.6%. Bajaj Finserv Equity Savings Fund charges 1.05% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 19.5%: they hold 25 of the same securities.
Bajaj Finserv Equity Savings Fund
Equity Savings
- 1 year return
- 3.8%
- Expense ratio
- 1.05%
- NAV
- ₹10.49
Kotak Equity Savings Fund
Equity Savings
- 1 year return
- 0.6%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Which is better, Bajaj Finserv Equity Savings or Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Equity Savings returned more over 1 year: 3.8% against 0.6%.
- Bajaj Finserv Equity Savings costs less: 1.05% a year against 1.09% (Direct plans).
- Bajaj Finserv Equity Savings fell less in its worst fall since 21-08-2025: −1.6% against −5.2%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹40 Cr.
- Their portfolios overlap 19.5%: 25 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 | Bajaj Finserv Equity Savings Fund | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹40 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹10.49 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.09% |
| Expense ratio (Regular) | 2.23% | 2.13% |
| Riskometer | Moderate | Moderately High |
| Benchmark | Nifty Equity Savings TRI | NIFTY Equity Savings Index (TRI) |
| Launch date | 19-08-2025 | 13-10-2014 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Exit load of 0.25%, if redeemed within 7 days. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
Bajaj Finserv Equity Savings vs Kotak Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings Fund (Direct) | −0.35% | +0.06% | +0.90% | +3.77% | -- | -- | -- |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Bajaj Finserv Equity Savings vs Kotak Equity Savings: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Equity Savings | KotakKotak Equity Savings |
|---|---|---|
| 2026to date | +2.68% | −0.57% |
| 2025 | -- | +9.12% |
| 2024 | -- | +12.97% |
| 2023 | -- | +16.89% |
| 2022 | -- | +7.90% |
| 2021 | -- | +12.17% |
Bajaj Finserv Equity Savings vs Kotak Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 46 of them, one for each trading day from 21-08-2026 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.
Bajaj Finserv Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings | 0.0 | 52.2 | 47.8 | 0.0 | 0.0 | 0.0 | 0.0 | 4.8% | 5.0% | 3.3% | 5.6% |
| Kotak Equity Savings | 0.0 | 67.4 | 32.6 | 0.0 | 0.0 | 0.0 | 0.0 | 3.8% | 3.8% | 0.3% | 7.0% |
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. Every fund is measured over the days all of them have, from 21-08-2025. Past returns do not promise future returns.
Bajaj Finserv Equity Savings vs Kotak Equity Savings: 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 21-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (Direct) | ₹1,50,000 | ₹1,53,141 | ₹3,141 | 3.2% |
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹1,50,000 | ₹1,51,059 | ₹1,059 | 1.1% |
Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (Direct)
Kotak Equity SavingsKotak Equity Savings 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.
Bajaj Finserv Equity Savings vs Kotak Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.77% | +0.58% |
| Standard deviation | 2.63% | 5.72% |
| Sharpe ratio | -0.56 | -0.81 |
| Sortino ratio | -0.74 | -1.05 |
| Maximum drawdown | −1.6% (23-10-2026) | −5.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Bajaj Finserv Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.93% | +9.53% |
| Standard deviation | 2.43% | 5.60% |
| Sharpe ratio | -0.56 | 0.68 |
| Sortino ratio | -0.74 | 0.92 |
| Maximum drawdown | −1.6% (23-10-2026) | −16.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 21-08-2025 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.
Bajaj Finserv Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings Fund (Direct) | −1.6% | 05-08-2026 | 23-10-2026 | Not yet | -- | −1.1% |
| Kotak Equity Savings Fund (Direct) | −5.2% | 06-01-2026 | 30-03-2026 | 01-07-2026 | 3 months | −3.0% |
From daily values since 21-08-2025, 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.
Bajaj Finserv Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
Bajaj Finserv Equity Savings vs Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Equity Savings Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 19.5%
- Held by both
- 25
- Only in Bajaj Finserv Equity Savings
- 21
- Only in Kotak Equity Savings
- 135
| Security | % of Bajaj Finserv Equity Savings | % of Kotak Equity Savings |
|---|---|---|
| HDFC Bank Limited | 4.52% | 4.38% |
| ICICI Bank Limited | 6.33% | 2.19% |
| ITC Limited | 4.97% | 1.87% |
| Indus Towers Limited | 1.44% | 3.38% |
| Axis Bank Limited | 2.97% | 1.26% |
| Hindustan Unilever Limited | 1.10% | 1.25% |
| Hindustan Aeronautics Limited | 2.29% | 0.91% |
| Cube Highways Trust-InvIT Fund | 0.90% | 1.79% |
| Adani Ports and Special Economic Zone Limited | 0.86% | 2.47% |
| Embassy Office Parks REIT | 4.04% | 0.75% |
| Power Finance Corporation Limited | 0.96% | 0.75% |
| Sun Pharmaceutical Industries Limited | 0.85% | 0.53% |
| Knowledge Realty Trust | 0.51% | 0.81% |
| JSW Steel Limited | 1.06% | 0.47% |
| Hindalco Industries Limited | 2.49% | 0.22% |
| Larsen & Toubro Limited | 0.22% | 1.12% |
| Apollo Hospitals Enterprise Limited | 1.52% | 0.20% |
| Bharat Electronics Limited | 1.67% | 0.16% |
| Bajaj Finserv Limited | 2.66% | 0.15% |
| UltraTech Cement Limited | 1.42% | 0.15% |
| Cipla Limited | 0.19% | 0.15% |
| Reliance Industries Limited | 0.15% | 2.02% |
| NTPC Limited | 0.12% | 2.24% |
| Tata Consultancy Services Limited | 0.14% | 0.04% |
| Jio Financial Services Limited | 1.28% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.5% means 19.5% 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 Bajaj Finserv Equity Savings Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 18.83% |
| Kotak Mahindra Bank Limited | 2.61% |
| Multi Commodity Exchange of India Limited | 2.61% |
| DLF Limited | 2.42% |
| The Federal Bank Limited | 2.20% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| BHARTI AIRTEL LTD. | 4.93% |
| One 97 Communications Ltd | 3.60% |
| Maruti Suzuki India Limited | 2.94% |
| STATE BANK OF INDIA. | 2.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Equity Savings | Kotak Equity Savings |
|---|---|---|
| Equity | 63.4% | 64.3% |
| Debt | 0.0% | 16.4% |
| Cash and others | 36.6% | 19.3% |
Market cap of stocks
| Market cap | Bajaj Finserv Equity Savings | Kotak Equity Savings |
|---|---|---|
| Large Cap | 50.3% | 42.8% |
| Mid Cap | 5.3% | 17.0% |
| Small Cap | 7.8% | 3.9% |
| Not on AMFI's list | 0.0% | 0.7% |
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 | Bajaj Finserv Equity Savings | Kotak Equity Savings |
|---|---|---|
| Banks | 19.4% | 13.3% |
| Telecom - Services | 1.4% | 8.9% |
| Diversified FMCG | 6.1% | 3.1% |
| Automobiles | 0.5% | 5.8% |
| Finance | 4.9% | 4.0% |
| Aerospace & Defense | 4.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 3.8% | 0.0% |
| Financial Technology (Fintech) | 0.0% | 3.6% |
| Power | 0.1% | 3.5% |
| Chemicals & Petrochemicals | 3.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Equity Savings vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Equity Savings Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.09% |
| Base expense ratio (Direct) | 0.28% | 0.57% |
| Total expense ratio (Regular) | 2.23% | 2.13% |
| Base expense ratio (Regular) | 1.28% | 1.45% |
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 Bajaj Finserv Equity Savings with
Bajaj Finserv Equity Savings Fund vs Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Equity Savings Fund and Kotak Equity Savings Fund?
Both are Equity Savings funds, run by Bajaj Finserv Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 19.5%. Bajaj Finserv Equity Savings Fund charges 1.05% a year and Kotak Equity Savings Fund 1.09%.
Which has given higher returns, Bajaj Finserv Equity Savings Fund or Kotak Equity Savings Fund?
Over 1 year: Bajaj Finserv Equity Savings Fund +3.77%, Kotak Equity Savings Fund +0.58%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Equity Savings Fund or Kotak Equity Savings Fund?
Bajaj Finserv Equity Savings Fund charges less: 1.05% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Equity Savings Fund and Kotak Equity Savings Fund overlap?
19.5%. They hold 25 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, ITC. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Equity Savings Fund or Kotak Equity Savings Fund?
On SEBI's riskometer, Bajaj Finserv Equity Savings Fund is rated Moderate and Kotak Equity Savings Fund Moderately High. Over 1 years, the standard deviation of daily returns was 2.63% and 5.72% a year.
Can I invest in both Bajaj Finserv Equity Savings Fund and Kotak Equity Savings Fund?
Yes. 19.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Equity Savings Fund and Kotak Equity Savings Fund?
Bajaj Finserv Equity Savings Fund: Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary. Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah.
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.