Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty India Railways PSU ETF is an ETF fund and Kotak BSE PSU Index Fund is an Index fund. In the year to 30-10-2026, Groww Nifty India Railways PSU ETF returned −30.7% and Kotak BSE PSU Index Fund (Direct) returned −5.8%. Groww Nifty India Railways PSU ETF charges 0.54% a year and Kotak BSE PSU Index Fund 0.47%. Their portfolios overlap 22.9%: they hold 16 of the same securities.
Groww Nifty India Railways PSU ETF
ETF
- 1 year return
- −30.7%
- Expense ratio
- 0.54%
- NAV
- ₹24.60
Kotak BSE PSU Index Fund
Index
- 1 year return
- −5.8%
- Expense ratio
- 0.47%
- NAV
- ₹8.70
Which is better, Groww Nifty India Railways PSU ETF or Kotak BSE PSU Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak BSE PSU Index returned more over 1 year: −5.8% against −30.7%.
- Kotak BSE PSU Index costs less: 0.47% a year against 0.54%.
- Kotak BSE PSU Index fell less in its worst fall since 07-02-2025: −16.4% against −38.8%.
- Kotak BSE PSU Index holds more in large companies: 76.9% of the fund in large caps against 37.3%.
- Groww Nifty India Railways PSU ETF is the larger fund: ₹171 Cr against ₹76 Cr.
- Their portfolios overlap 22.9%: 16 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 | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹171 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹24.60 | ₹8.70 (Direct) |
| Expense ratio (Direct) | Not available | 0.47% |
| Expense ratio (Regular) | Not available | 1.12% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Railways PSU TRI | BSE PSU TRI |
| Launch date | 05-02-2025 | 31-07-2024 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty India Railways PSU ETF | −7.21% | −15.19% | −24.40% | −30.66% | -- | -- | -- |
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: Year-wise Returns
| Year | Groww Nifty India Railways PSU ETFGroww Nifty India Railways PSU ETF | Kotak BSE PSU IndexKotak BSE PSU Index |
|---|---|---|
| 2026to date | −30.34% | −6.53% |
| 2025 | -- | +11.59% |
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: Rolling Returns
Every holding period of both funds, against Nifty India Railways PSU TRI, the benchmark of Groww Nifty India Railways PSU ETF
Rolling returns
Every 1-year holding period, 178 of them, one for each trading day from 09-02-2026 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.
Groww Nifty India Railways PSU ETF
Kotak BSE PSU Index Fund (Direct)
Nifty India Railways PSU TRI
to
Mar 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Nifty India Railways PSU ETF | 97.2 | 2.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.7% | −18.4% | −30.7% | 2.6% | 0% |
| Kotak BSE PSU Index | 10.1 | 9.0 | 23.6 | 26.4 | 7.9 | 8.4 | 14.6 | 13.1% | 10.8% | −5.8% | 42.0% | 100% |
| Nifty India Railways PSU TRI | 96.6 | 3.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.3% | −18.1% | −30.3% | 3.1% | -- |
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 Railways PSU 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 07-02-2025. Past returns do not promise future returns.
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: 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 07-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty India Railways PSU ETFGroww Nifty India Railways PSU ETF | ₹2,10,000 | ₹1,58,466 | −₹51,534 | −27.7% |
| Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct) | ₹2,10,000 | ₹2,05,678 | −₹4,322 | −2.3% |
Groww Nifty India Railways PSU ETFGroww Nifty India Railways PSU ETF
Kotak BSE PSU IndexKotak BSE PSU Index 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.
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −30.66% | −5.83% |
| Standard deviation | 22.06% | 16.20% |
| Sharpe ratio | -1.63 | -0.68 |
| Sortino ratio | -2.16 | -0.89 |
| Maximum drawdown | −32.4% (30-10-2026) | −16.4% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.44% |
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 | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −19.95% | −3.44% |
| Standard deviation | 22.97% | 18.50% |
| Sharpe ratio | -1.11 | -0.50 |
| Sortino ratio | -1.54 | -0.66 |
| Maximum drawdown | −38.8% (30-10-2026) | −26.8% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.40% | −0.47% |
From daily NAVs, 07-02-2025 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.
Groww Nifty India Railways PSU ETF
Kotak BSE PSU Index Fund (Direct)
Nifty India Railways PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty India Railways PSU ETF | −38.8% | 09-06-2025 | 30-10-2026 | Not yet | -- | −38.8% |
| Kotak BSE PSU Index Fund (Direct) | −16.4% | 26-02-2026 | 23-10-2026 | Not yet | -- | −15.0% |
| Nifty India Railways PSU TRI | −38.4% | 09-06-2025 | 30-10-2026 | Not yet | -- | −38.4% |
From daily values since 07-02-2025, 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.
Groww Nifty India Railways PSU ETF
Kotak BSE PSU Index Fund (Direct)
Nifty India Railways PSU TRI
Against Nifty India Railways PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty India Railways PSU ETF | 99% | 101% | 0.17% |
| Kotak BSE PSU Index Fund (Direct) | 97% | 37% | 12.76% |
From month-end values since 07-02-2025. 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.
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty India Railways PSU ETF, September 2026; Kotak BSE PSU Index Fund, September 2026
Holdings in common
- Overlap
- 22.9%
- Held by both
- 16
- Only in Groww Nifty India Railways PSU ETF
- 1
- Only in Kotak BSE PSU Index
- 45
| Security | % of Groww Nifty India Railways PSU ETF | % of Kotak BSE PSU Index |
|---|---|---|
| NTPC Limited | 5.29% | 7.33% |
| Bharat Electronics Limited | 4.80% | 6.69% |
| Oil & Natural Gas Corporation Limited | 3.03% | 4.20% |
| Bharat Petroleum Corporation Limited | 2.10% | 2.83% |
| Bharat Heavy Electricals Limited | 2.09% | 2.91% |
| Hindustan Petroleum Corporation Limited | 1.16% | 1.61% |
| Steel Authority of India Limited | 0.91% | 1.26% |
| Indian Railway Finance Corporation Ltd | 19.99% | 0.84% |
| Container Corporation of India Limited | 18.72% | 0.74% |
| Indian Railway Catering & Tourism Corp | 16.65% | 0.66% |
| Rail Vikas Nigam Limited | 13.88% | 0.54% |
| BEML Limited | 0.26% | 0.37% |
| Ircon International Limited | 4.62% | 0.18% |
| RITES LIMITED | 3.39% | 0.13% |
| RAILTEL CORPORATION OF INDIA LIMITED | 2.81% | 0.11% |
| MANGALORE REFINERY & PETROCHEMICALS LTD | 0.10% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.9% means 22.9% 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 Groww Nifty India Railways PSU ETF
| Security | % of fund |
|---|---|
| ITI Ltd. | 0.08% |
Largest holdings only in Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| STATE BANK OF INDIA. | 19.12% |
| Power Grid Corporation of India Ltd. | 5.69% |
| Coal India Limited | 4.89% |
| Hindustan Aeronautics Ltd. | 4.18% |
| Life Insurance Corporation Of India | 2.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index |
|---|---|---|
| Large Cap | 37.3% | 76.9% |
| Mid Cap | 51.3% | 18.5% |
| Small Cap | 11.3% | 4.5% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index |
|---|---|---|
| Banks | 0.0% | 30.3% |
| Construction | 21.9% | 1.6% |
| Finance | 20.0% | 5.9% |
| Transport Services | 18.7% | 0.7% |
| Leisure Services | 16.6% | 0.7% |
| Power | 5.3% | 15.4% |
| Aerospace and Defense | 0.0% | 11.7% |
| Petroleum Products | 3.4% | 7.3% |
| Oil | 3.0% | 5.3% |
| Aerospace & Defense | 4.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty India Railways PSU ETF | Kotak BSE PSU Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.47% |
| Base expense ratio (Direct) | 0.45% | 0.33% |
| Total expense ratio (Regular) | Not available | 1.12% |
| Base expense ratio (Regular) | 0.00% | 0.88% |
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.
Groww Nifty India Railways PSU ETF vs Kotak BSE PSU Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty India Railways PSU ETF and Kotak BSE PSU Index Fund?
Groww Nifty India Railways PSU ETF is an ETF fund, Kotak BSE PSU Index Fund is an Index fund, run by Groww Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 22.9%. Groww Nifty India Railways PSU ETF charges 0.54% a year and Kotak BSE PSU Index Fund 0.47%.
Which has given higher returns, Groww Nifty India Railways PSU ETF or Kotak BSE PSU Index Fund?
Over 1 year: Groww Nifty India Railways PSU ETF −30.66%, Kotak BSE PSU Index Fund −5.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty India Railways PSU ETF or Kotak BSE PSU Index Fund?
Kotak BSE PSU Index Fund charges less: 0.47% a year against 0.54%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty India Railways PSU ETF and Kotak BSE PSU Index Fund overlap?
22.9%. They hold 16 of the same securities, the largest shared ones being NTPC, BEL, ONGC. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty India Railways PSU ETF or Kotak BSE PSU Index Fund?
On SEBI's riskometer, Groww Nifty India Railways PSU ETF is rated Very High and Kotak BSE PSU Index Fund Very High. Over 1 years, the standard deviation of daily returns was 22.06% and 16.20% a year.
Can I invest in both Groww Nifty India Railways PSU ETF and Kotak BSE PSU Index Fund?
Yes. 22.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty India Railways PSU ETF and Kotak BSE PSU Index Fund?
Groww Nifty India Railways PSU ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. Kotak BSE PSU Index Fund: 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.