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    HDFC NIFTY 100 Equal Weight Index Fund vs Kotak Nifty 100 Equal Weight ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    HDFC NIFTY 100 Equal Weight Index Fund is an Index fund and Kotak Nifty 100 Equal Weight ETF is an ETF fund. In the year to 30-10-2026, HDFC NIFTY 100 Equal Weight Index Fund (Direct) returned −4.3% and Kotak Nifty 100 Equal Weight ETF returned −3.9%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and Kotak Nifty 100 Equal Weight ETF 0.36%. Their portfolios overlap 99.9%: they hold 100 of the same securities.

    HDFC NIFTY 100 Equal Weight Index Fund

    Index

    1 year return
    −4.3%
    Expense ratio
    0.57%
    NAV
    ₹16.52
    See HDFC NIFTY 100 Equal Weight Index Fund

    Kotak Nifty 100 Equal Weight ETF

    ETF

    1 year return
    −3.9%
    Expense ratio
    0.36%
    NAV
    ₹32.90
    See Kotak Nifty 100 Equal Weight ETF

    Which is better, HDFC NIFTY 100 Equal Weight Index or Kotak Nifty 100 Equal Weight 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 100 Equal Weight ETF returned more over 1 year: −3.9% against −4.3%.
    • Kotak Nifty 100 Equal Weight ETF costs less: 0.36% a year against 0.57%.
    • Kotak Nifty 100 Equal Weight ETF fell less in its worst fall since 28-02-2025: −13.5% against −13.6%.
    • HDFC NIFTY 100 Equal Weight Index is the larger fund: ₹517 Cr against ₹39 Cr.
    • Their portfolios overlap 99.9%: 100 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

    FactHDFC NIFTY 100 Equal Weight Index FundKotak Nifty 100 Equal Weight ETF
    Fund houseHDFC Mutual FundKotak Mahindra Mutual Fund
    CategoryIndexETF
    AUM₹517 Cr (30-09-2026)₹39 Cr (30-09-2026)
    NAV₹16.52 (Direct)₹32.90
    Expense ratio (Direct)0.57%Not available
    Expense ratio (Regular)1.03%Not available
    RiskometerVery HighVery High
    BenchmarkNIFTY 100 Equal Weighted TRINIFTY 100 Equal Weighted TRI
    Launch date23-02-202224-02-2025
    Minimum investment₹100Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to
    Lock inNoneNone
    Fund managersNandita Menezes, Arun AgarwalSatish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar
    Exit loadNILNIL

    HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)−1.07%−6.84%−2.88%−4.26%+13.25%----
    Kotak Nifty 100 Equal Weight ETF−0.97%−6.71%−2.68%−3.92%------

    HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Year-wise Returns

    YearHDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight IndexKotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETFNifty100 Equal Weight TRI
    2026to date−3.91%−3.59%−3.53%
    2025+8.89%--+9.40%
    2024+16.75%--+17.54%
    2023+29.88%--+30.68%

    HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Rolling Returns

    Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 163 of them, one for each trading day from 02-03-2026 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.

    −10%−5%0%5%10%15%20%25%
    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026    Oct 2025
    to
    Oct 2026
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)Kotak Nifty 100 Equal Weight ETFNifty100 Equal Weight TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    HDFC NIFTY 100 Equal Weight Index12.328.239.318.41.80.00.05.7%5.8%−6.3%19.9%0%
    Kotak Nifty 100 Equal Weight ETF12.323.342.320.21.80.00.05.9%6.1%−5.9%20.0%1%
    Nifty100 Equal Weight TRI12.319.644.821.51.20.60.06.2%6.4%−5.8%20.5%--

    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 Nifty100 Equal Weight 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 28-02-2025. Past returns do not promise future returns.

    HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight 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

    Step up each year
    PeriodFor

    ₹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.

    InvestmentInvestedValue nowGainReturn a year
    HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct) ₹2,10,000 ₹2,10,593 ₹593 0.3%
    Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF ₹2,10,000 ₹2,12,179 ₹2,179 1.1%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    2026
    HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct)Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETFAmount 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 NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureHDFC NIFTY 100 Equal Weight Index Fund (Direct)Kotak Nifty 100 Equal Weight ETF
    Return (CAGR)−4.26%−3.92%
    Standard deviation15.26%15.44%
    Sharpe ratio-0.62-0.59
    Sortino ratio-0.83-0.78
    Maximum drawdown−13.6% (31-03-2026)−13.5% (30-03-2026)
    Beta1.001.00
    Alpha−0.47%−0.12%

    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.

    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.

    −15%−10%−5%0%
    2026
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)Kotak Nifty 100 Equal Weight ETFNifty100 Equal Weight TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)−13.6%07-01-202631-03-202627-05-202657 days−8.9%
    Kotak Nifty 100 Equal Weight ETF−13.5%07-01-202630-03-202627-05-202658 days−8.7%
    Nifty100 Equal Weight TRI−13.4%07-01-202630-03-202627-05-202658 days−8.8%

    From daily values since 28-02-2025, 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.

    0%5%10%15%20%
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)Kotak Nifty 100 Equal Weight ETFNifty100 Equal Weight TRI

    Against Nifty100 Equal Weight TRI

    FundUp captureDown captureTracking error
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)98%101%0.09%
    Kotak Nifty 100 Equal Weight ETF99%100%0.18%

    From month-end values since 28-02-2025. 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 NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: HDFC NIFTY 100 Equal Weight Index Fund, September 2026; Kotak Nifty 100 Equal Weight ETF, September 2026

    Holdings in common

    Overlap
    99.9%
    Held by both
    100
    Only in HDFC NIFTY 100 Equal Weight Index
    0
    Only in Kotak Nifty 100 Equal Weight ETF
    0
    Security% of HDFC NIFTY 100 Equal Weight Index% of Kotak Nifty 100 Equal Weight ETF
    Kotak Mahindra Bank Limited1.06%1.06%
    Dr Reddys Laboratories Ltd.1.05%1.05%
    InterGlobe Aviation Ltd.1.03%1.03%
    Adani Ports & Special Economic Zone1.03%1.03%
    Adani Power (Mundra) Limited1.03%1.03%
    Axis Bank Ltd.1.03%1.03%
    Solar Industries India Ltd.1.02%1.02%
    Avenue Supermarts Ltd.1.02%1.02%
    Coal India Ltd.1.02%1.02%
    Maruti Suzuki India Limited1.02%1.02%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 HDFC NIFTY 100 Equal Weight Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in Kotak Nifty 100 Equal Weight ETF

    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

    AssetHDFC NIFTY 100 Equal Weight IndexKotak Nifty 100 Equal Weight ETF
    Equity99.9%100.0%
    Debt0.0%0.0%
    Cash and others0.1%0.0%

    Market cap of stocks

    Market capHDFC NIFTY 100 Equal Weight IndexKotak Nifty 100 Equal Weight ETF
    Large Cap94.0%94.0%
    Mid Cap6.0%6.0%
    Small Cap0.0%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

    SectorHDFC NIFTY 100 Equal Weight IndexKotak Nifty 100 Equal Weight ETF
    Finance10.0%10.0%
    Banks9.0%9.1%
    Automobiles7.0%7.0%
    Power6.0%6.0%
    IT - Software6.0%6.0%
    Pharmaceuticals & Biotechnology6.0%0.0%
    Pharmaceuticals and Biotechnology0.0%6.0%

    The six largest sectors of each fund's stocks, % of the fund.

    HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeHDFC NIFTY 100 Equal Weight Index FundKotak Nifty 100 Equal Weight ETF
    Total expense ratio (Direct)0.57%Not available
    Base expense ratio (Direct)0.36%0.00%
    Total expense ratio (Regular)1.03%Not available
    Base expense ratio (Regular)0.75%0.21%

    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 NIFTY 100 Equal Weight Index Fund vs Kotak Nifty 100 Equal Weight ETF: Frequently Asked Questions

    What is the difference between HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight ETF?

    HDFC NIFTY 100 Equal Weight Index Fund is an Index fund, Kotak Nifty 100 Equal Weight ETF is an ETF fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.9%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and Kotak Nifty 100 Equal Weight ETF 0.36%.

    Which has given higher returns, HDFC NIFTY 100 Equal Weight Index Fund or Kotak Nifty 100 Equal Weight ETF?

    Over 1 year: HDFC NIFTY 100 Equal Weight Index Fund −4.26%, Kotak Nifty 100 Equal Weight ETF −3.92%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, HDFC NIFTY 100 Equal Weight Index Fund or Kotak Nifty 100 Equal Weight ETF?

    Kotak Nifty 100 Equal Weight ETF charges less: 0.36% a year against 0.57%. These are the total expense ratios reported to AMFI.

    How much do HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight ETF overlap?

    99.9%. They hold 100 of the same securities, the largest shared ones being KOTAKBANK, DRREDDY, INDIGO. From each fund's latest monthly portfolio.

    Which is riskier, HDFC NIFTY 100 Equal Weight Index Fund or Kotak Nifty 100 Equal Weight ETF?

    On SEBI's riskometer, HDFC NIFTY 100 Equal Weight Index Fund is rated Very High and Kotak Nifty 100 Equal Weight ETF Very High. Over 1 years, the standard deviation of daily returns was 15.26% and 15.44% a year.

    Can I invest in both HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight ETF?

    Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight ETF?

    HDFC NIFTY 100 Equal Weight Index Fund: Nandita Menezes, Arun Agarwal. Kotak Nifty 100 Equal Weight 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.

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