Edelweiss Business Cycle Fund vs Kotak Nifty Alpha 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Edelweiss Business Cycle Fund is a Thematic fund and Kotak Nifty Alpha 50 ETF is an ETF fund. In the year to 30-10-2026, Edelweiss Business Cycle Fund (Direct) returned −1.8% and Kotak Nifty Alpha 50 ETF returned 1.4%. Edelweiss Business Cycle Fund charges 1.28% a year and Kotak Nifty Alpha 50 ETF 0.71%. Their portfolios overlap 38.8%: they hold 33 of the same securities.
Edelweiss Business Cycle Fund
Thematic
- 1 year return
- −1.8%
- Expense ratio
- 1.28%
- NAV
- ₹9.00
Which is better, Edelweiss Business Cycle or Kotak Nifty Alpha 50 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 Alpha 50 ETF returned more over 1 year: 1.4% against −1.8%.
- Kotak Nifty Alpha 50 ETF costs less: 0.71% a year against 1.28%.
- Edelweiss Business Cycle fell less in its worst fall since 31-07-2024: −26.4% against −31.5%.
- Edelweiss Business Cycle holds more in large companies: 42.9% of the fund in large caps against 25.0%.
- Edelweiss Business Cycle is the larger fund: ₹1,344 Cr against ₹892 Cr.
- Their portfolios overlap 38.8%: 33 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 | Edelweiss Business Cycle Fund | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹1,344 Cr (30-09-2026) | ₹892 Cr (30-09-2026) |
| NAV | ₹9.00 (Direct) | ₹49.77 |
| Expense ratio (Direct) | 1.28% | Not available |
| Expense ratio (Regular) | 2.74% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Alpha 50 TRI |
| Launch date | 29-07-2024 | 22-12-2021 |
| Minimum investment | ₹100 | Ongoing purchases directly from the Mutual Fund would be restricted to Authorized Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any b |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Bharat Lahoti, Amit Vora | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Nil |
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Business Cycle Fund (Direct) | −0.88% | −1.26% | +0.76% | −1.78% | -- | -- | -- |
| Kotak Nifty Alpha 50 ETF | −3.14% | −3.04% | +2.16% | +1.38% | +13.53% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 ETF: Year-wise Returns
| Year | Edelweiss Business CycleEdelweiss Business Cycle | Kotak Nifty Alpha 50 ETFKotak Nifty Alpha 50 ETF |
|---|---|---|
| 2026to date | −2.78% | +3.29% |
| 2025 | −2.18% | −10.82% |
| 2024 | -- | +32.40% |
| 2023 | -- | +41.79% |
| 2022 | -- | −16.57% |
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss Business Cycle Fund
Rolling returns
Every 1-year holding period, 306 of them, one for each trading day from 31-07-2025 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.
Edelweiss Business Cycle Fund (Direct)
Kotak Nifty Alpha 50 ETF
Nifty 500 TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Business Cycle | 45.1 | 25.8 | 18.0 | 5.9 | 4.9 | 0.3 | 0.0 | 0.9% | 0.9% | −14.6% | 21.0% | 47% |
| Kotak Nifty Alpha 50 ETF | 45.6 | 20.8 | 17.6 | 14.0 | 2.0 | 0.0 | 0.0 | −0.8% | 0.6% | −19.5% | 17.8% | 48% |
| Nifty 500 TRI | 33.0 | 30.4 | 27.1 | 7.5 | 2.0 | 0.0 | 0.0 | 2.9% | 2.2% | −9.0% | 15.9% | -- |
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 500 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 31-07-2024. Past returns do not promise future returns.
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 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 31-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Business CycleEdelweiss Business Cycle Fund (Direct) | ₹2,80,000 | ₹2,78,392 | −₹1,608 | −0.5% |
| Kotak Nifty Alpha 50 ETFKotak Nifty Alpha 50 ETF | ₹2,80,000 | ₹2,80,033 | ₹33 | 0.0% |
Edelweiss Business CycleEdelweiss Business Cycle Fund (Direct)
Kotak Nifty Alpha 50 ETFKotak Nifty Alpha 50 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.
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Business Cycle Fund (Direct) | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Return (CAGR) | −1.78% | +1.38% |
| Standard deviation | 16.39% | 20.35% |
| Sharpe ratio | -0.43 | -0.19 |
| Sortino ratio | -0.58 | -0.26 |
| Maximum drawdown | −13.4% (23-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.06 | 1.00 |
| Alpha | +6.27% | −1.62% |
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 | Edelweiss Business Cycle Fund (Direct) | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Return (CAGR) | −4.77% | +8.13% |
| Standard deviation | 16.66% | 21.61% |
| Sharpe ratio | -0.63 | 0.10 |
| Sortino ratio | -0.83 | 0.14 |
| Maximum drawdown | −26.4% (28-02-2025) | −33.5% (27-02-2023) |
| Beta | 1.10 | 1.00 |
| Alpha | −1.77% | −1.90% |
From daily NAVs, 31-07-2024 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.
Edelweiss Business Cycle Fund (Direct)
Kotak Nifty Alpha 50 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Business Cycle Fund (Direct) | −26.4% | 24-09-2024 | 28-02-2025 | Not yet | -- | −12.8% |
| Kotak Nifty Alpha 50 ETF | −31.5% | 24-09-2024 | 03-03-2025 | Not yet | -- | −16.0% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 31-07-2024, 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.
Edelweiss Business Cycle Fund (Direct)
Kotak Nifty Alpha 50 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Business Cycle Fund (Direct) | 106% | 116% | 7.40% |
| Kotak Nifty Alpha 50 ETF | 137% | 150% | 10.99% |
From month-end values since 31-07-2024. 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.
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Business Cycle Fund, September 2026; Kotak Nifty Alpha 50 ETF, September 2026
Holdings in common
- Overlap
- 38.8%
- Held by both
- 33
- Only in Edelweiss Business Cycle
- 42
- Only in Kotak Nifty Alpha 50 ETF
- 17
| Security | % of Edelweiss Business Cycle | % of Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Laurus Labs Ltd. | 3.09% | 2.44% |
| Apar Industries Ltd. | 1.95% | 2.55% |
| The Federal Bank Ltd. | 2.58% | 1.89% |
| Ather Energy Ltd. | 1.76% | 3.85% |
| Hitachi Energy India Ltd. | 1.94% | 1.72% |
| Multi Commodity Exchange Of India Ltd. | 1.68% | 2.57% |
| Steel Authority of India Ltd. | 1.99% | 1.52% |
| Bharat Heavy Electricals Ltd. | 1.52% | 2.35% |
| GE Vernova T&D India Limited | 2.03% | 1.45% |
| Radico Khaitan Ltd. | 2.90% | 1.32% |
| AU Small Finance Bank Ltd. | 1.96% | 1.32% |
| Shriram Finance Ltd. | 1.28% | 2.15% |
| FSN E-Commerce Ventures Ltd. | 2.54% | 1.26% |
| Bharat Forge Ltd. | 1.24% | 1.96% |
| Navin Fluorine International Ltd. | 1.21% | 1.81% |
| Karur Vysya Bank Ltd. | 1.15% | 1.56% |
| National Aluminium Company Ltd. | 1.14% | 2.07% |
| Hindalco Industries Ltd. | 1.96% | 1.09% |
| Indian Bank | 1.08% | 1.05% |
| Union Bank of India | 1.03% | 1.31% |
| Acutaas Chemicals Ltd. | 0.99% | 2.49% |
| TVS Motor Company Ltd. | 1.48% | 0.93% |
| Cummins India Ltd. | 2.83% | 0.88% |
| Polycab India Ltd. | 1.46% | 0.88% |
| State Bank of India | 0.99% | 0.88% |
| Ashok Leyland Ltd. | 0.87% | 1.14% |
| Glenmark Pharmaceuticals Ltd. | 2.17% | 0.78% |
| Welspun Corp Ltd. | 0.76% | 3.53% |
| Vodafone Idea Ltd. | 0.73% | 2.27% |
| Solar Industries India Ltd. | 0.62% | 1.16% |
| Aditya Birla Capital Ltd. | 0.50% | 1.31% |
| Eicher Motors Ltd. | 0.49% | 0.88% |
| L&T Finance Ltd. | 0.45% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.8% means 38.8% 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 Edelweiss Business Cycle Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 2.75% |
| Grasim Industries Ltd. | 1.97% |
| Bajaj Auto Ltd. | 1.94% |
| Bajaj Finserv Ltd. | 1.89% |
| Divi's Laboratories Ltd. | 1.73% |
Largest holdings only in Kotak Nifty Alpha 50 ETF
| Security | % of fund |
|---|---|
| CUPID LTD. | 8.46% |
| STERLITE TECHNOLOGIES LIMITED. | 5.33% |
| MTAR TECHNOLOGIES LIMITED | 4.89% |
| TD POWER SYSTEMS LTD. | 4.14% |
| Kirloskar Oil Engines Ltd. | 3.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Business Cycle | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Equity | 98.3% | 99.4% |
| Debt | 0.2% | 0.0% |
| Cash and others | 1.5% | 0.6% |
Market cap of stocks
| Market cap | Edelweiss Business Cycle | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Large Cap | 42.9% | 25.0% |
| Mid Cap | 42.2% | 29.5% |
| Small Cap | 8.4% | 40.8% |
| Not on AMFI's list | 4.8% | 4.1% |
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 | Edelweiss Business Cycle | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Electrical Equipment | 9.1% | 17.1% |
| Pharmaceuticals & Biotechnology | 14.8% | 0.0% |
| Banks | 11.5% | 10.7% |
| Industrial Products | 5.0% | 8.5% |
| Personal Products | 0.0% | 8.5% |
| IT - Software | 7.0% | 0.0% |
| Finance | 6.0% | 6.9% |
| Non - Ferrous Metals | 3.1% | 5.7% |
| Automobiles | 5.7% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Business Cycle vs Kotak Nifty Alpha 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Business Cycle Fund | Kotak Nifty Alpha 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.28% | Not available |
| Base expense ratio (Direct) | 0.58% | 0.00% |
| Total expense ratio (Regular) | 2.74% | Not available |
| Base expense ratio (Regular) | 1.84% | 0.25% |
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 Edelweiss Business Cycle with
Edelweiss Business Cycle Fund vs Kotak Nifty Alpha 50 ETF: Frequently Asked Questions
What is the difference between Edelweiss Business Cycle Fund and Kotak Nifty Alpha 50 ETF?
Edelweiss Business Cycle Fund is a Thematic fund, Kotak Nifty Alpha 50 ETF is an ETF fund, run by Edelweiss Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 38.8%. Edelweiss Business Cycle Fund charges 1.28% a year and Kotak Nifty Alpha 50 ETF 0.71%.
Which has given higher returns, Edelweiss Business Cycle Fund or Kotak Nifty Alpha 50 ETF?
Over 1 year: Edelweiss Business Cycle Fund −1.78%, Kotak Nifty Alpha 50 ETF +1.38%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Business Cycle Fund or Kotak Nifty Alpha 50 ETF?
Kotak Nifty Alpha 50 ETF charges less: 0.71% a year against 1.28%. These are the total expense ratios reported to AMFI.
How much do Edelweiss Business Cycle Fund and Kotak Nifty Alpha 50 ETF overlap?
38.8%. They hold 33 of the same securities, the largest shared ones being LAURUSLABS, APARINDS, FEDERALBNK. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Business Cycle Fund or Kotak Nifty Alpha 50 ETF?
On SEBI's riskometer, Edelweiss Business Cycle Fund is rated Very High and Kotak Nifty Alpha 50 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.39% and 20.35% a year.
Can I invest in both Edelweiss Business Cycle Fund and Kotak Nifty Alpha 50 ETF?
Yes. 38.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Business Cycle Fund and Kotak Nifty Alpha 50 ETF?
Edelweiss Business Cycle Fund: Bhavesh Jain, Bharat Lahoti, Amit Vora. Kotak Nifty Alpha 50 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.