Bharat 22 ETF vs Kotak Nifty200 Value 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bharat 22 ETF is an ETF fund and Kotak Nifty200 Value 30 Index Fund is an Index fund. Bharat 22 ETF charges 0.07% a year and Kotak Nifty200 Value 30 Index Fund 1.03%. Their portfolios overlap 42.5%: they hold 13 of the same securities.
Kotak Nifty200 Value 30 Index Fund
Index
- Expense ratio
- 1.03%
- NAV
- ₹8.93
Which is better, Bharat 22 ETF or Kotak Nifty200 Value 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bharat 22 ETF costs less: 0.07% a year against 1.03%.
- Kotak Nifty200 Value 30 Index fell less in its worst fall since 12-02-2026: −16.2% against −17.3%.
- Bharat 22 ETF holds more in large companies: 91.6% of the fund in large caps against 81.5%.
- Bharat 22 ETF is the larger fund: ₹9,531 Cr against ₹13 Cr.
- Their portfolios overlap 42.5%: 13 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 | Bharat 22 ETF | Kotak Nifty200 Value 30 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹9,531 Cr (30-09-2026) | ₹13 Cr (30-09-2026) |
| NAV | ₹108.99 (Regular) | ₹8.93 (Direct) |
| Expense ratio (Direct) | Not available | 1.03% |
| Expense ratio (Regular) | 0.07% | 1.35% |
| Riskometer | Not available | Very High |
| Benchmark | BSE Bharat 22 TRI | Nifty200 Value 30 TRI |
| Launch date | 24-11-2017 | 05-02-2026 |
| Minimum investment | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul | ₹100 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja | Devender Singhal, Satish Dondapati, Abhishek Bisen |
| Exit load | Not available | NIL |
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: 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 |
|---|---|---|---|---|---|---|---|
| Bharat 22 ETF (Regular) | −1.16% | −5.79% | −12.31% | −6.66% | +13.88% | +19.37% | -- |
| Kotak Nifty200 Value 30 Index Fund (Direct) | −2.39% | −8.22% | −10.75% | -- | -- | -- | -- |
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: Year-wise Returns
| Year | Bharat 22 ETFBharat 22 ETF | Kotak Nifty200 Value 30 IndexKotak Nifty200 Value 30 Index |
|---|---|---|
| 2026to date | −7.98% | -- |
| 2025 | +10.02% | -- |
| 2024 | +18.21% | -- |
| 2023 | +59.48% | -- |
| 2022 | +28.39% | -- |
| 2021 | +40.00% | -- |
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: Rolling Returns
Every holding period of both funds, against BSE Bharat 22 Index TRI, the benchmark of Bharat 22 ETF
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bharat 22 ETF (Regular) | Kotak Nifty200 Value 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.65% | −16.59% |
| Standard deviation | 19.47% | 16.67% |
| Sharpe ratio | 0.38 | -1.31 |
| Sortino ratio | 0.50 | -1.65 |
| Maximum drawdown | −47.9% (24-03-2020) | −16.2% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.17% | −0.72% |
From daily NAVs, 27-11-2017 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.
Bharat 22 ETF (Regular)
Kotak Nifty200 Value 30 Index Fund (Direct)
BSE Bharat 22 Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bharat 22 ETF (Regular) | −17.3% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.7% |
| Kotak Nifty200 Value 30 Index Fund (Direct) | −16.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.9% |
| BSE Bharat 22 Index TRI | −17.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.6% |
From daily values since 12-02-2026, the first day every fund has.
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bharat 22 ETF, September 2026; Kotak Nifty200 Value 30 Index Fund, September 2026
Holdings in common
- Overlap
- 42.5%
- Held by both
- 13
- Only in Bharat 22 ETF
- 9
- Only in Kotak Nifty200 Value 30 Index
- 17
| Security | % of Bharat 22 ETF | % of Kotak Nifty200 Value 30 Index |
|---|---|---|
| Coal India Ltd. | 5.81% | 5.24% |
| Oil & Natural Gas Corporation Ltd. | 5.27% | 5.13% |
| State Bank Of India | 8.87% | 5.06% |
| ITC Ltd. | 14.23% | 4.93% |
| NTPC Ltd. | 9.64% | 4.93% |
| Power Grid Corporation Of India Ltd. | 7.48% | 4.48% |
| Bharat Petroleum Corporation Ltd. | 3.55% | 5.23% |
| Indian Oil Corporation Ltd. | 2.96% | 4.73% |
| GAIL (India) Ltd. | 2.77% | 3.01% |
| Power Finance Corporation Ltd. | 1.05% | 4.02% |
| Bank Of Baroda | 0.96% | 3.13% |
| Rural Electrification Corporation Ltd. | 0.82% | 3.08% |
| Indian Bank | 0.63% | 1.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.5% means 42.5% 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 Bharat 22 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 15.59% |
| Axis Bank Ltd. | 7.79% |
| Bharat Electronics Ltd. | 4.96% |
| National Aluminium Company Ltd. | 4.78% |
| NHPC Ltd. | 1.43% |
Largest holdings only in Kotak Nifty200 Value 30 Index Fund
| Security | % of fund |
|---|---|
| Hindalco Industries Ltd. | 4.85% |
| Tata Steel Ltd. | 4.57% |
| TATA MOTORS PASSENGER VEHICLES LTD | 4.42% |
| Grasim Industries Ltd. | 4.21% |
| VEDANTA LTD. | 4.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bharat 22 ETF | Kotak Nifty200 Value 30 Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | Bharat 22 ETF | Kotak Nifty200 Value 30 Index |
|---|---|---|
| Large Cap | 91.6% | 81.5% |
| Mid Cap | 7.6% | 17.3% |
| Small Cap | 0.8% | 1.2% |
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 | Bharat 22 ETF | Kotak Nifty200 Value 30 Index |
|---|---|---|
| Banks | 18.3% | 24.1% |
| Power | 19.4% | 9.4% |
| Construction | 16.2% | 0.0% |
| Diversified Fmcg | 14.2% | 0.0% |
| Petroleum Products | 6.5% | 13.2% |
| Finance | 1.9% | 8.3% |
| Oil | 5.3% | 6.4% |
| Consumable Fuels | 5.8% | 5.2% |
| Ferrous Metals | 0.0% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bharat 22 ETF | Kotak Nifty200 Value 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.03% |
| Base expense ratio (Direct) | 0.00% | 0.18% |
| Total expense ratio (Regular) | 0.07% | 1.35% |
| Base expense ratio (Regular) | 0.06% | 0.44% |
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.
Bharat 22 ETF vs Kotak Nifty200 Value 30 Index Fund: Frequently Asked Questions
What is the difference between Bharat 22 ETF and Kotak Nifty200 Value 30 Index Fund?
Bharat 22 ETF is an ETF fund, Kotak Nifty200 Value 30 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 42.5%. Bharat 22 ETF charges 0.07% a year and Kotak Nifty200 Value 30 Index Fund 1.03%.
Which has the lower expense ratio, Bharat 22 ETF or Kotak Nifty200 Value 30 Index Fund?
Bharat 22 ETF charges less: 0.07% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do Bharat 22 ETF and Kotak Nifty200 Value 30 Index Fund overlap?
42.5%. They hold 13 of the same securities, the largest shared ones being COALINDIA, ONGC, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Bharat 22 ETF and Kotak Nifty200 Value 30 Index Fund?
Yes. 42.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bharat 22 ETF and Kotak Nifty200 Value 30 Index Fund?
Bharat 22 ETF: Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja. Kotak Nifty200 Value 30 Index Fund: Devender Singhal, Satish Dondapati, 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.