HDFC BSE Sensex Index Fund vs Kotak BSE Sensex Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC BSE Sensex Index Fund is an Index fund and Kotak BSE Sensex Index Fund is an Index fund. In the year to 30-10-2026, HDFC BSE Sensex Index Fund (Direct) returned −11.2% and Kotak BSE Sensex Index Fund (Direct) returned −11.2%. HDFC BSE Sensex Index Fund charges 0.22% a year and Kotak BSE Sensex Index Fund 0.31% (Direct plans). Their portfolios overlap 99.6%: they hold 30 of the same securities.
HDFC BSE Sensex Index Fund
Index
- 1 year return
- −11.2%
- Expense ratio
- 0.22%
- NAV
- ₹712.96
Kotak BSE Sensex Index Fund
Index
- 1 year return
- −11.2%
- Expense ratio
- 0.31%
- NAV
- ₹9.96
Which is better, HDFC BSE Sensex Index or Kotak BSE Sensex Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC BSE Sensex Index returned more over 1 year: −11.2% against −11.2%.
- HDFC BSE Sensex Index costs less: 0.22% a year against 0.31% (Direct plans).
- HDFC BSE Sensex Index fell less in its worst fall since 20-02-2025: −16.1% against −16.1%.
- HDFC BSE Sensex Index is the larger fund: ₹7,973 Cr against ₹25 Cr.
- Their portfolios overlap 99.6%: 30 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 | HDFC BSE Sensex Index Fund | Kotak BSE Sensex Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹7,973 Cr (30-09-2026) | ₹25 Cr (30-09-2026) |
| NAV | ₹712.96 (Direct) | ₹9.96 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.31% |
| Expense ratio (Regular) | 0.38% | 0.48% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | BSE SENSEX TRI |
| Launch date | 17-07-2002 | 17-02-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | In respect of each purchase /switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 3 days from the date of allotment.No Exit Load is payable if Units are redeemed / switched-out after 3 days from the date of allotment. | Nil |
HDFC BSE Sensex Index vs Kotak BSE Sensex 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 |
|---|---|---|---|---|---|---|---|
| HDFC BSE Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.51% | −11.16% | +6.04% | +5.64% | +11.27% |
| Kotak BSE Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.52% | −11.20% | -- | -- | -- |
HDFC BSE Sensex Index vs Kotak BSE Sensex Index: Year-wise Returns
| Year | HDFCHDFC BSE Sensex Index | KotakKotak BSE Sensex Index | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −12.02% | −12.07% | −11.81% |
| 2025 | +10.12% | -- | +10.38% |
| 2024 | +9.16% | -- | +9.49% |
| 2023 | +20.05% | -- | +20.33% |
| 2022 | +5.53% | -- | +5.80% |
| 2021 | +22.88% | -- | +23.23% |
HDFC BSE Sensex Index vs Kotak BSE Sensex Index: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 169 of them, one for each trading day from 20-02-2026 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.
HDFC BSE Sensex Index Fund (Direct)
Kotak BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC BSE Sensex Index | 83.4 | 8.3 | 4.7 | 3.6 | 0.0 | 0.0 | 0.0 | −4.1% | −4.9% | −12.8% | 11.6% | 0% |
| Kotak BSE Sensex Index | 83.4 | 8.3 | 4.7 | 3.6 | 0.0 | 0.0 | 0.0 | −4.1% | −5.0% | −12.9% | 11.7% | 0% |
| BSE SENSEX TRI | 83.4 | 8.3 | 4.1 | 4.1 | 0.0 | 0.0 | 0.0 | −3.8% | −4.7% | −12.6% | 11.8% | -- |
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 BSE SENSEX 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 20-02-2025. Past returns do not promise future returns.
HDFC BSE Sensex Index vs Kotak BSE Sensex 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC BSE Sensex IndexHDFC BSE Sensex Index Fund (Direct) | ₹2,10,000 | ₹1,99,951 | −₹10,049 | −5.3% |
| Kotak BSE Sensex IndexKotak BSE Sensex Index Fund (Direct) | ₹2,10,000 | ₹2,00,108 | −₹9,892 | −5.2% |
HDFC BSE Sensex IndexHDFC BSE Sensex Index Fund (Direct)
Kotak BSE Sensex IndexKotak BSE Sensex 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.
HDFC BSE Sensex Index vs Kotak BSE Sensex Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE Sensex Index Fund (Direct) | Kotak BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.16% | −11.20% |
| Standard deviation | 13.84% | 13.82% |
| Sharpe ratio | -1.19 | -1.19 |
| Sortino ratio | -1.59 | -1.59 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.25% | −0.31% |
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 | HDFC BSE Sensex Index Fund (Direct) | Kotak BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.23% | −0.03% |
| Standard deviation | 15.84% | 13.17% |
| Sharpe ratio | 0.33 | -0.42 |
| Sortino ratio | 0.45 | -0.58 |
| Maximum drawdown | −38.1% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.21% |
From daily NAVs, 01-01-2013 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.
HDFC BSE Sensex Index Fund (Direct)
Kotak BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC BSE Sensex Index Fund (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.6% |
| Kotak BSE Sensex Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 20-02-2025, 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.
HDFC BSE Sensex Index Fund (Direct)
Kotak BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC BSE Sensex Index Fund (Direct) | 99% | 101% | 0.03% |
| Kotak BSE Sensex Index Fund (Direct) | 100% | 101% | 0.21% |
From month-end values since 20-02-2025. 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.
HDFC BSE Sensex Index vs Kotak BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE Sensex Index Fund, September 2026; Kotak BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 99.6%
- Held by both
- 30
- Only in HDFC BSE Sensex Index
- 0
- Only in Kotak BSE Sensex Index
- 0
| Security | % of HDFC BSE Sensex Index | % of Kotak BSE Sensex Index |
|---|---|---|
| HDFC Bank Ltd. | 12.59% | 12.53% |
| ICICI Bank Ltd. | 11.03% | 11.07% |
| Reliance Industries Ltd. | 9.16% | 9.24% |
| Bharti Airtel Ltd. | 6.38% | 6.34% |
| Larsen and Toubro Ltd. | 5.11% | 5.11% |
| State Bank of India | 4.64% | 4.61% |
| Axis Bank Ltd. | 4.08% | 4.07% |
| Infosys Limited | 4.08% | 4.06% |
| Kotak Mahindra Bank Limited | 3.57% | 3.53% |
| Mahindra & Mahindra Ltd. | 3.07% | 3.10% |
| Bajaj Finance Ltd. | 2.99% | 3.02% |
| ITC LIMITED | 2.96% | 2.95% |
| Eternal Limited | 2.69% | 2.71% |
| Tata Consultancy Services Ltd. | 2.41% | 2.45% |
| Sun Pharmaceutical Industries Ltd. | 2.28% | 2.25% |
| Titan Company Ltd. | 2.18% | 2.23% |
| Hindustan Unilever Ltd. | 1.95% | 1.98% |
| Maruti Suzuki India Limited | 1.79% | 1.81% |
| NTPC Limited | 1.78% | 1.76% |
| Tata Steel Ltd. | 1.77% | 1.74% |
| Bharat Electronics Ltd. | 1.62% | 1.61% |
| Adani Ports & Special Economic Zone | 1.63% | 1.55% |
| HCL Technologies Ltd. | 1.51% | 1.54% |
| UltraTech Cement Limited | 1.50% | 1.52% |
| Power Grid Corporation of India Ltd. | 1.38% | 1.38% |
| InterGlobe Aviation Ltd. | 1.30% | 1.29% |
| Asian Paints Limited | 1.26% | 1.26% |
| Tech Mahindra Ltd. | 1.14% | 1.15% |
| Bajaj Finserv Ltd. | 1.13% | 1.13% |
| Trent Ltd. | 1.01% | 1.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.6% means 99.6% 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 HDFC BSE Sensex Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak BSE Sensex Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE Sensex Index | Kotak BSE Sensex Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC BSE Sensex Index | Kotak BSE Sensex Index |
|---|---|---|
| Large Cap | 100.0% | 100.0% |
| Mid Cap | 0.0% | 0.0% |
| 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 | HDFC BSE Sensex Index | Kotak BSE Sensex Index |
|---|---|---|
| Banks | 35.9% | 35.8% |
| Petroleum Products | 9.2% | 9.2% |
| IT - Software | 9.1% | 9.2% |
| Telecom - Services | 6.4% | 6.3% |
| Construction | 5.1% | 5.1% |
| Diversified FMCG | 4.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE Sensex Index vs Kotak BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE Sensex Index Fund | Kotak BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.31% |
| Base expense ratio (Direct) | 0.18% | 0.12% |
| Total expense ratio (Regular) | 0.38% | 0.48% |
| Base expense ratio (Regular) | 0.31% | 0.27% |
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.
HDFC BSE Sensex Index Fund vs Kotak BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between HDFC BSE Sensex Index Fund and Kotak BSE Sensex Index Fund?
HDFC BSE Sensex Index Fund is an Index fund, Kotak BSE Sensex Index Fund is an Index fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.6%. HDFC BSE Sensex Index Fund charges 0.22% a year and Kotak BSE Sensex Index Fund 0.31%.
Which has given higher returns, HDFC BSE Sensex Index Fund or Kotak BSE Sensex Index Fund?
Over 1 year: HDFC BSE Sensex Index Fund −11.16%, Kotak BSE Sensex Index Fund −11.20%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC BSE Sensex Index Fund or Kotak BSE Sensex Index Fund?
HDFC BSE Sensex Index Fund charges less: 0.22% a year against 0.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC BSE Sensex Index Fund and Kotak BSE Sensex Index Fund overlap?
99.6%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE Sensex Index Fund or Kotak BSE Sensex Index Fund?
On SEBI's riskometer, HDFC BSE Sensex Index Fund is rated Very High and Kotak BSE Sensex Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.84% and 13.82% a year.
Can I invest in both HDFC BSE Sensex Index Fund and Kotak BSE Sensex Index Fund?
Yes. 99.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC BSE Sensex Index Fund and Kotak BSE Sensex Index Fund?
HDFC BSE Sensex Index Fund: Nandita Menezes, Arun Agarwal. Kotak BSE Sensex 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.