Groww Nifty PSE ETF vs Kotak BSE PSU Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty PSE ETF is an ETF fund and Kotak BSE PSU Index Fund is an Index fund. Groww Nifty PSE ETF charges 0.56% a year and Kotak BSE PSU Index Fund 0.47%. Their portfolios overlap 57.0%: they hold 20 of the same securities.
Which is better, Groww Nifty PSE 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 costs less: 0.47% a year against 0.56%.
- Kotak BSE PSU Index fell less in its worst fall since 10-02-2026: −16.4% against −17.0%.
- Kotak BSE PSU Index is the larger fund: ₹76 Cr against ₹17 Cr.
- Their portfolios overlap 57.0%: 20 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 PSE ETF | Kotak BSE PSU Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹17 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹91.55 | ₹8.70 (Direct) |
| Expense ratio (Direct) | Not available | 0.47% |
| Expense ratio (Regular) | Not available | 1.12% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty PSE TRI | BSE PSU TRI |
| Launch date | 09-02-2026 | 31-07-2024 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
Groww Nifty PSE 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 PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
Groww Nifty PSE ETF vs Kotak BSE PSU Index: Year-wise Returns
| Year | Groww Nifty PSE ETFGroww Nifty PSE ETF | Kotak BSE PSU IndexKotak BSE PSU Index |
|---|---|---|
| 2026to date | -- | −6.53% |
| 2025 | -- | +11.59% |
Groww Nifty PSE ETF vs Kotak BSE PSU Index: Rolling Returns
Every holding period of both funds, against Nifty PSE TRI, the benchmark of Groww Nifty PSE ETF
Groww Nifty PSE 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 PSE ETF | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.29% | −3.44% |
| Standard deviation | 14.42% | 18.50% |
| Sharpe ratio | -1.49 | -0.50 |
| Sortino ratio | -1.83 | -0.66 |
| Maximum drawdown | −17.0% (23-10-2026) | −26.8% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.48% | −0.47% |
From daily NAVs, 10-02-2026 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 PSE ETF
Kotak BSE PSU Index Fund (Direct)
Nifty PSE TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| Kotak BSE PSU Index Fund (Direct) | −16.4% | 26-02-2026 | 23-10-2026 | Not yet | -- | −15.0% |
| Nifty PSE TRI | −16.8% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.0% |
From daily values since 10-02-2026, the first day every fund has.
Groww Nifty PSE ETF vs Kotak BSE PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty PSE ETF, September 2026; Kotak BSE PSU Index Fund, September 2026
Holdings in common
- Overlap
- 57.0%
- Held by both
- 20
- Only in Groww Nifty PSE ETF
- 0
- Only in Kotak BSE PSU Index
- 41
| Security | % of Groww Nifty PSE ETF | % of Kotak BSE PSU Index |
|---|---|---|
| NTPC Limited | 12.86% | 7.33% |
| Bharat Electronics Limited | 11.66% | 6.69% |
| Power Grid Corporation of India Limited | 9.89% | 5.69% |
| Coal India Limited | 8.54% | 4.89% |
| Oil & Natural Gas Corporation Limited | 7.35% | 4.20% |
| Hindustan Aeronautics Limited | 7.42% | 4.18% |
| Bharat Heavy Electricals Limited | 5.08% | 2.91% |
| Bharat Petroleum Corporation Limited | 5.10% | 2.83% |
| Indian Oil Corporation Limited | 4.23% | 2.36% |
| Power Finance Corporation Limited | 3.97% | 2.27% |
| GAIL (India) Limited | 3.86% | 2.20% |
| REC Limited | 3.13% | 1.78% |
| Hindustan Petroleum Corporation Limited | 2.82% | 1.61% |
| National Aluminium Company Limited | 2.56% | 1.48% |
| NHPC Limited | 2.30% | 1.30% |
| NMDC Limited | 2.22% | 1.26% |
| Steel Authority of India Limited | 2.20% | 1.26% |
| Oil India Limited | 2.05% | 1.15% |
| Indian Railway Finance Corporation Ltd | 1.49% | 0.84% |
| Container Corporation of India Limited | 1.30% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.0% means 57.0% 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 PSE ETF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| STATE BANK OF INDIA. | 19.12% |
| Life Insurance Corporation Of India | 2.63% |
| BANK OF BARODA | 2.06% |
| CANARA BANK | 1.92% |
| PUNJAB NATIONAL BANK | 1.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Large Cap | 81.5% | 76.9% |
| Mid Cap | 18.6% | 18.5% |
| Small Cap | 0.0% | 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 PSE ETF | Kotak BSE PSU Index |
|---|---|---|
| Banks | 0.0% | 30.3% |
| Power | 25.1% | 15.4% |
| Aerospace & Defense | 19.1% | 0.0% |
| Petroleum Products | 12.2% | 7.3% |
| Aerospace and Defense | 0.0% | 11.7% |
| Oil | 9.4% | 5.3% |
| Finance | 8.6% | 5.9% |
| Consumable Fuels | 8.5% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty PSE ETF vs Kotak BSE PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty PSE 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 PSE ETF vs Kotak BSE PSU Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty PSE ETF and Kotak BSE PSU Index Fund?
Groww Nifty PSE 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 57.0%. Groww Nifty PSE ETF charges 0.56% a year and Kotak BSE PSU Index Fund 0.47%.
Which has the lower expense ratio, Groww Nifty PSE ETF or Kotak BSE PSU Index Fund?
Kotak BSE PSU Index Fund charges less: 0.47% a year against 0.56%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty PSE ETF and Kotak BSE PSU Index Fund overlap?
57.0%. They hold 20 of the same securities, the largest shared ones being NTPC, BEL, POWERGRID. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty PSE ETF or Kotak BSE PSU Index Fund?
On SEBI's riskometer, Groww Nifty PSE ETF is rated Very High and Kotak BSE PSU Index Fund Very High. Over their common history, the standard deviation of daily returns was 14.42% and 18.50% a year.
Can I invest in both Groww Nifty PSE ETF and Kotak BSE PSU Index Fund?
Yes. 57.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty PSE ETF and Kotak BSE PSU Index Fund?
Groww Nifty PSE ETF: Aakash Chauhan, Nikhil Satam, 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.