Bank of India Consumption Fund vs Kotak Nifty India Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bank of India Consumption Fund is a Thematic fund and Kotak Nifty India Consumption ETF is an ETF fund. In the year to 30-10-2026, Bank of India Consumption Fund (Direct) returned −6.4% and Kotak Nifty India Consumption ETF returned −10.6%. Bank of India Consumption Fund charges 1.53% a year and Kotak Nifty India Consumption ETF 0.13%. Their portfolios overlap 37.5%: they hold 11 of the same securities.
Bank of India Consumption Fund
Thematic
- 1 year return
- −6.4%
- Expense ratio
- 1.53%
- NAV
- ₹10.73
Kotak Nifty India Consumption ETF
ETF
- 1 year return
- −10.6%
- Expense ratio
- 0.13%
- NAV
- ₹11.43
Which is better, Bank of India Consumption or Kotak Nifty India Consumption ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Consumption returned more over 1 year: −6.4% against −10.6%.
- Kotak Nifty India Consumption ETF costs less: 0.13% a year against 1.53%.
- Bank of India Consumption fell less in its worst fall since 23-12-2024: −15.2% against −18.1%.
- Kotak Nifty India Consumption ETF holds more in large companies: 88.1% of the fund in large caps against 43.7%.
- Bank of India Consumption is the larger fund: ₹346 Cr against ₹32 Cr.
- Their portfolios overlap 37.5%: 11 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 | Bank of India Consumption Fund | Kotak Nifty India Consumption ETF |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹346 Cr (30-09-2026) | ₹32 Cr (30-09-2026) |
| NAV | ₹10.73 (Direct) | ₹11.43 |
| Expense ratio (Direct) | 1.53% | Not available |
| Expense ratio (Regular) | 2.73% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 20-12-2024 | 28-07-2022 |
| Minimum investment | ₹5,000 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers/ Market Makers and Large Investors provided the value of units to be purchased in creation unit size or in multiples thereof. Market Makers and Large Investors may buy th |
| Lock in | None | None |
| Fund managers | Nitin Gosar | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | NIL |
Bank of India Consumption vs Kotak Nifty India Consumption 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Consumption Fund (Direct) | −1.38% | −6.21% | +0.94% | −6.37% | -- | -- | -- |
| Kotak Nifty India Consumption ETF | +0.16% | −8.12% | −2.25% | −10.62% | +10.88% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bank of India Consumption vs Kotak Nifty India Consumption ETF: Year-wise Returns
| Year | Bank of India ConsumptionBank of India Consumption | Kotak Nifty India Consumption ETFKotak Nifty India Consumption ETF | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −4.96% | −9.12% | −9.10% |
| 2025 | +12.67% | +9.06% | +9.22% |
| 2024 | -- | +19.55% | +19.77% |
| 2023 | -- | +27.67% | +27.96% |
Bank of India Consumption vs Kotak Nifty India Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 209 of them, one for each trading day from 23-12-2025 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.
Bank of India Consumption Fund (Direct)
Kotak Nifty India Consumption ETF
Nifty India Consumption TRI
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Consumption | 18.7 | 35.9 | 27.3 | 13.9 | 4.3 | 0.0 | 0.0 | 4.7% | 4.1% | −8.1% | 16.8% | 96% |
| Kotak Nifty India Consumption ETF | 43.8 | 31.0 | 17.1 | 8.1 | 0.0 | 0.0 | 0.0 | 1.0% | 0.8% | −14.3% | 13.2% | 0% |
| Nifty India Consumption TRI | 40.7 | 33.5 | 16.7 | 9.1 | 0.0 | 0.0 | 0.0 | 1.1% | 0.9% | −14.2% | 13.4% | -- |
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 India Consumption 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 23-12-2024. Past returns do not promise future returns.
Bank of India Consumption vs Kotak Nifty India Consumption ETF: 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 23-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India ConsumptionBank of India Consumption Fund (Direct) | ₹2,30,000 | ₹2,34,245 | ₹4,245 | 1.9% |
| Kotak Nifty India Consumption ETFKotak Nifty India Consumption ETF | ₹2,30,000 | ₹2,23,535 | −₹6,465 | −2.8% |
Bank of India ConsumptionBank of India Consumption Fund (Direct)
Kotak Nifty India Consumption ETFKotak Nifty India Consumption ETF
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.
Bank of India Consumption vs Kotak Nifty India Consumption ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Consumption Fund (Direct) | Kotak Nifty India Consumption ETF |
|---|---|---|
| Return (CAGR) | −6.37% | −10.62% |
| Standard deviation | 13.24% | 15.10% |
| Sharpe ratio | -0.88 | -1.05 |
| Sortino ratio | -1.16 | -1.37 |
| Maximum drawdown | −15.1% (23-03-2026) | −17.3% (30-03-2026) |
| Beta | 0.82 | 1.00 |
| Alpha | +1.34% | −0.05% |
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 | Bank of India Consumption Fund (Direct) | Kotak Nifty India Consumption ETF |
|---|---|---|
| Return (CAGR) | +3.77% | +9.86% |
| Standard deviation | 13.54% | 12.94% |
| Sharpe ratio | -0.13 | 0.29 |
| Sortino ratio | -0.18 | 0.40 |
| Maximum drawdown | −15.2% (23-03-2026) | −21.9% (04-03-2025) |
| Beta | 0.83 | 1.00 |
| Alpha | +2.81% | −0.20% |
From daily NAVs, 23-12-2024 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.
Bank of India Consumption Fund (Direct)
Kotak Nifty India Consumption ETF
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Consumption Fund (Direct) | −15.2% | 29-10-2025 | 23-03-2026 | 03-08-2026 | 4 months | −8.1% |
| Kotak Nifty India Consumption ETF | −18.1% | 20-10-2025 | 30-03-2026 | Not yet | -- | −11.6% |
| Nifty India Consumption TRI | −18.1% | 20-10-2025 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 23-12-2024, 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.
Bank of India Consumption Fund (Direct)
Kotak Nifty India Consumption ETF
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bank of India Consumption Fund (Direct) | 103% | 85% | 4.24% |
| Kotak Nifty India Consumption ETF | 100% | 100% | 0.05% |
From month-end values since 23-12-2024. 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.
Bank of India Consumption vs Kotak Nifty India Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Consumption Fund, September 2026; Kotak Nifty India Consumption ETF, September 2026
Holdings in common
- Overlap
- 37.5%
- Held by both
- 11
- Only in Bank of India Consumption
- 27
- Only in Kotak Nifty India Consumption ETF
- 19
| Security | % of Bank of India Consumption | % of Kotak Nifty India Consumption ETF |
|---|---|---|
| Bharti Airtel Limited | 9.71% | 10.14% |
| ITC Limited | 8.85% | 7.87% |
| Maruti Suzuki India Limited | 5.30% | 4.83% |
| Mahindra & Mahindra Limited | 4.66% | 8.19% |
| Eternal Limited | 2.81% | 7.20% |
| Hindustan Unilever Limited | 1.85% | 5.18% |
| Britannia Industries Limited | 6.48% | 1.77% |
| Dixon Technologies (India) Limited | 3.82% | 1.69% |
| United Spirits Limited | 4.52% | 1.24% |
| Titan Company Limited | 1.00% | 5.89% |
| Avenue Supermarts Limited | 0.07% | 1.91% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.5% means 37.5% 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 Bank of India Consumption Fund
| Security | % of fund |
|---|---|
| Tips Music Limited | 3.07% |
| FSN E-Commerce Ventures Limited | 2.93% |
| Entero Healthcare Solutions Ltd | 2.90% |
| Eris Lifesciences Limited | 2.60% |
| Stylam Industries Limited | 2.43% |
Largest holdings only in Kotak Nifty India Consumption ETF
| Security | % of fund |
|---|---|
| Bajaj Auto Ltd. | 3.69% |
| Inter Globe Aviation Ltd | 3.51% |
| Asian Paints(India) Ltd. | 3.37% |
| Eicher Motors Ltd. | 3.07% |
| TVS Motor Company Ltd. | 3.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Consumption | Kotak Nifty India Consumption ETF |
|---|---|---|
| Equity | 94.3% | 100.0% |
| Debt | 0.1% | 0.0% |
| Cash and others | 5.7% | 0.0% |
Market cap of stocks
| Market cap | Bank of India Consumption | Kotak Nifty India Consumption ETF |
|---|---|---|
| Large Cap | 43.7% | 88.1% |
| Mid Cap | 23.4% | 11.9% |
| Small Cap | 23.5% | 0.0% |
| Not on AMFI's list | 3.6% | 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
| Sector | Bank of India Consumption | Kotak Nifty India Consumption ETF |
|---|---|---|
| Automobiles | 10.0% | 24.9% |
| Retailing | 11.0% | 13.3% |
| Diversified FMCG | 10.7% | 13.1% |
| Consumer Durables | 12.1% | 10.9% |
| Telecom - Services | 12.1% | 10.1% |
| Food Products | 6.5% | 4.7% |
| Healthcare Services | 0.0% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Consumption vs Kotak Nifty India Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Consumption Fund | Kotak Nifty India Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | Not available |
| Base expense ratio (Direct) | 1.08% | 0.00% |
| Total expense ratio (Regular) | 2.73% | Not available |
| Base expense ratio (Regular) | 2.10% | 0.08% |
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 Bank of India Consumption with
Bank of India Consumption Fund vs Kotak Nifty India Consumption ETF: Frequently Asked Questions
What is the difference between Bank of India Consumption Fund and Kotak Nifty India Consumption ETF?
Bank of India Consumption Fund is a Thematic fund, Kotak Nifty India Consumption ETF is an ETF fund, run by Bank of India Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 37.5%. Bank of India Consumption Fund charges 1.53% a year and Kotak Nifty India Consumption ETF 0.13%.
Which has given higher returns, Bank of India Consumption Fund or Kotak Nifty India Consumption ETF?
Over 1 year: Bank of India Consumption Fund −6.37%, Kotak Nifty India Consumption ETF −10.62%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Consumption Fund or Kotak Nifty India Consumption ETF?
Kotak Nifty India Consumption ETF charges less: 0.13% a year against 1.53%. These are the total expense ratios reported to AMFI.
How much do Bank of India Consumption Fund and Kotak Nifty India Consumption ETF overlap?
37.5%. They hold 11 of the same securities, the largest shared ones being BHARTIARTL, ITC, MARUTI. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Consumption Fund or Kotak Nifty India Consumption ETF?
On SEBI's riskometer, Bank of India Consumption Fund is rated Very High and Kotak Nifty India Consumption ETF Very High. Over 1 years, the standard deviation of daily returns was 13.24% and 15.10% a year.
Can I invest in both Bank of India Consumption Fund and Kotak Nifty India Consumption ETF?
Yes. 37.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Consumption Fund and Kotak Nifty India Consumption ETF?
Bank of India Consumption Fund: Nitin Gosar. Kotak Nifty India Consumption ETF: 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.