Groww Nifty Metal ETF vs Kotak Nifty Commodities Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Metal ETF is an ETF fund and Kotak Nifty Commodities Index Fund is an Index fund. Groww Nifty Metal ETF charges 0.59% a year and Kotak Nifty Commodities Index Fund 0.30%. Their portfolios overlap 30.6%: they hold 8 of the same securities.
Kotak Nifty Commodities Index Fund
Index
- Expense ratio
- 0.30%
- NAV
- ₹11.25
Which is better, Groww Nifty Metal ETF or Kotak Nifty Commodities 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 Nifty Commodities Index costs less: 0.30% a year against 0.59%.
- Groww Nifty Metal ETF fell less in its worst fall since 22-12-2025: −15.8% against −15.8%.
- Kotak Nifty Commodities Index is the larger fund: ₹283 Cr against ₹41 Cr.
- Their portfolios overlap 30.6%: 8 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 Metal ETF | Kotak Nifty Commodities Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹41 Cr (30-09-2026) | ₹283 Cr (30-09-2026) |
| NAV | ₹11.27 | ₹11.25 (Direct) |
| Expense ratio (Direct) | Not available | 0.30% |
| Expense ratio (Regular) | Not available | 0.57% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Metal TRI | Nifty Commodities TRI |
| Launch date | 19-12-2025 | 10-03-2025 |
| Minimum investment | 1 Unit | ₹100 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
Groww Nifty Metal ETF vs Kotak Nifty Commodities 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 Metal ETF | −7.54% | −6.92% | −7.59% | -- | -- | -- | -- |
| Kotak Nifty Commodities Index Fund (Direct) | −3.65% | −8.47% | −11.93% | −4.81% | -- | -- | -- |
Groww Nifty Metal ETF vs Kotak Nifty Commodities Index: Year-wise Returns
| Year | Groww Nifty Metal ETFGroww Nifty Metal ETF | Kotak Nifty Commodities IndexKotak Nifty Commodities Index |
|---|---|---|
| 2026to date | +6.39% | −5.07% |
Groww Nifty Metal ETF vs Kotak Nifty Commodities Index: Rolling Returns
Every holding period of both funds, against Nifty Metal TRI, the benchmark of Groww Nifty Metal ETF
Groww Nifty Metal ETF vs Kotak Nifty Commodities Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Metal ETF | Kotak Nifty Commodities Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.38% | +6.23% |
| Standard deviation | 23.97% | 15.69% |
| Sharpe ratio | 0.34 | 0.05 |
| Sortino ratio | 0.45 | 0.07 |
| Maximum drawdown | −15.8% (23-10-2026) | −15.8% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.81% |
From daily NAVs, 22-12-2025 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 Metal ETF
Kotak Nifty Commodities Index Fund (Direct)
Nifty Metal TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Metal ETF | −15.8% | 27-05-2026 | 23-10-2026 | Not yet | -- | −13.5% |
| Kotak Nifty Commodities Index Fund (Direct) | −15.8% | 27-05-2026 | 23-10-2026 | Not yet | -- | −14.1% |
| Nifty Metal TRI | −15.7% | 27-05-2026 | 23-10-2026 | Not yet | -- | −13.4% |
From daily values since 22-12-2025, the first day every fund has.
Groww Nifty Metal ETF vs Kotak Nifty Commodities Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Metal ETF, September 2026; Kotak Nifty Commodities Index Fund, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 8
- Only in Groww Nifty Metal ETF
- 7
- Only in Kotak Nifty Commodities Index
- 22
| Security | % of Groww Nifty Metal ETF | % of Kotak Nifty Commodities Index |
|---|---|---|
| Tata Steel Limited | 17.29% | 7.38% |
| Hindalco Industries Limited | 15.42% | 6.58% |
| JSW Steel Limited | 13.64% | 5.82% |
| Vedanta Aluminium Metal Limited | 7.91% | 3.38% |
| Vedanta Limited | 5.15% | 2.20% |
| Jindal Steel Limited | 4.76% | 2.03% |
| APL Apollo Tubes Limited | 4.51% | 1.92% |
| NMDC Limited | 2.99% | 1.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% 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 Metal ETF
| Security | % of fund |
|---|---|
| Adani Enterprises Limited | 11.13% |
| National Aluminium Company Limited | 3.46% |
| Hindustan Zinc Limited | 3.08% |
| Steel Authority of India Limited | 2.97% |
| Lloyds Metals And Energy Limited | 2.91% |
Largest holdings only in Kotak Nifty Commodities Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD. | 9.92% |
| NTPC LTD | 7.40% |
| Ultratech Cement Ltd. | 6.26% |
| Grasim Industries Ltd. | 5.58% |
| Coal India Limited | 4.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Equity | 99.9% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.1% |
Market cap of stocks
| Market cap | Groww Nifty Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Large Cap | 78.4% | 85.5% |
| Mid Cap | 21.6% | 14.6% |
| Small Cap | 0.0% | 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 | Groww Nifty Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Ferrous Metals | 41.3% | 15.2% |
| Non - Ferrous Metals | 31.9% | 10.0% |
| Power | 0.0% | 22.5% |
| Petroleum Products | 0.0% | 16.9% |
| Cement and Cement Products | 0.0% | 14.4% |
| Metals & Minerals Trading | 11.1% | 0.0% |
| Minerals & Mining | 5.9% | 0.0% |
| Oil | 0.0% | 5.4% |
| Diversified Metals | 5.2% | 2.2% |
| Industrial Products | 4.5% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Metal ETF vs Kotak Nifty Commodities Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Metal ETF | Kotak Nifty Commodities Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.30% |
| Base expense ratio (Direct) | 0.40% | 0.17% |
| Total expense ratio (Regular) | Not available | 0.57% |
| Base expense ratio (Regular) | 0.00% | 0.40% |
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 Metal ETF vs Kotak Nifty Commodities Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty Metal ETF and Kotak Nifty Commodities Index Fund?
Groww Nifty Metal ETF is an ETF fund, Kotak Nifty Commodities Index Fund is an Index fund, run by Groww Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 30.6%. Groww Nifty Metal ETF charges 0.59% a year and Kotak Nifty Commodities Index Fund 0.30%.
Which has the lower expense ratio, Groww Nifty Metal ETF or Kotak Nifty Commodities Index Fund?
Kotak Nifty Commodities Index Fund charges less: 0.30% a year against 0.59%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Metal ETF and Kotak Nifty Commodities Index Fund overlap?
30.6%. They hold 8 of the same securities, the largest shared ones being TATASTEEL, HINDALCO, JSWSTEEL. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Metal ETF or Kotak Nifty Commodities Index Fund?
On SEBI's riskometer, Groww Nifty Metal ETF is rated Very High and Kotak Nifty Commodities Index Fund Very High. Over their common history, the standard deviation of daily returns was 23.97% and 15.69% a year.
Can I invest in both Groww Nifty Metal ETF and Kotak Nifty Commodities Index Fund?
Yes. 30.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty Metal ETF and Kotak Nifty Commodities Index Fund?
Groww Nifty Metal ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Kotak Nifty Commodities Index Fund: Satish DondapatiFM 2 Mr. 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.