HDFC NIFTY 100 Equal Weight Index Fund vs Kotak Nifty 100 Equal Weight Index Fund
Direct Plan, 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 Index Fund is an Index 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 Index Fund (Direct) returned −4.0%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and Kotak Nifty 100 Equal Weight Index Fund 0.40% (Direct plans). 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
Kotak Nifty 100 Equal Weight Index Fund
Index
- 1 year return
- −4.0%
- Expense ratio
- 0.40%
- NAV
- ₹10.45
Which is better, HDFC NIFTY 100 Equal Weight Index or Kotak Nifty 100 Equal Weight 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 100 Equal Weight Index returned more over 1 year: −4.0% against −4.3%.
- Kotak Nifty 100 Equal Weight Index costs less: 0.40% a year against 0.57% (Direct plans).
- Kotak Nifty 100 Equal Weight Index fell less in its worst fall since 30-12-2024: −13.5% against −13.6%.
- HDFC NIFTY 100 Equal Weight Index is the larger fund: ₹517 Cr against ₹48 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
| Fact | HDFC NIFTY 100 Equal Weight Index Fund | Kotak Nifty 100 Equal Weight Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹517 Cr (30-09-2026) | ₹48 Cr (30-09-2026) |
| NAV | ₹16.52 (Direct) | ₹10.45 (Direct) |
| Expense ratio (Direct) | 0.57% | 0.40% |
| Expense ratio (Regular) | 1.03% | 0.90% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 100 Equal Weighted TRI | NIFTY 100 Equal Weighted TRI |
| Launch date | 23-02-2022 | 23-12-2024 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | NIL | Nil |
HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight 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 NIFTY 100 Equal Weight Index Fund (Direct) | −1.07% | −6.84% | −2.88% | −4.26% | +13.25% | -- | -- |
| Kotak Nifty 100 Equal Weight Index Fund (Direct) | −0.97% | −6.72% | −2.65% | −4.01% | -- | -- | -- |
HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight Index: Year-wise Returns
| Year | HDFCHDFC NIFTY 100 Equal Weight Index | KotakKotak Nifty 100 Equal Weight Index | Nifty100 Equal Weight TRI |
|---|---|---|---|
| 2026to date | −3.91% | −3.58% | −3.53% |
| 2025 | +8.89% | +8.57% | +9.40% |
| 2024 | +16.75% | -- | +17.54% |
| 2023 | +29.88% | -- | +30.68% |
HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight Index: Rolling Returns
Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 205 of them, one for each trading day from 30-12-2025 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 NIFTY 100 Equal Weight Index Fund (Direct)
Kotak Nifty 100 Equal Weight Index Fund (Direct)
Nifty100 Equal Weight TRI
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 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 NIFTY 100 Equal Weight Index | 9.8 | 22.4 | 36.6 | 23.9 | 7.3 | 0.0 | 0.0 | 7.1% | 7.4% | −6.3% | 19.9% | 0% |
| Kotak Nifty 100 Equal Weight Index | 9.8 | 20.5 | 38.5 | 23.9 | 7.3 | 0.0 | 0.0 | 7.1% | 7.4% | −6.0% | 19.7% | 0% |
| Nifty100 Equal Weight TRI | 9.8 | 15.6 | 41.0 | 25.9 | 7.3 | 0.5 | 0.0 | 7.6% | 7.9% | −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 30-12-2024. Past returns do not promise future returns.
HDFC NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct) | ₹2,30,000 | ₹2,31,186 | ₹1,186 | 0.5% |
| Kotak Nifty 100 Equal Weight IndexKotak Nifty 100 Equal Weight Index Fund (Direct) | ₹2,30,000 | ₹2,31,969 | ₹1,969 | 0.9% |
HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct)
Kotak Nifty 100 Equal Weight IndexKotak Nifty 100 Equal Weight 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 NIFTY 100 Equal Weight Index vs Kotak Nifty 100 Equal Weight Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY 100 Equal Weight Index Fund (Direct) | Kotak Nifty 100 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.26% | −4.01% |
| Standard deviation | 15.26% | 15.26% |
| Sharpe ratio | -0.62 | -0.61 |
| Sortino ratio | -0.83 | -0.81 |
| Maximum drawdown | −13.6% (31-03-2026) | −13.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.47% | −0.22% |
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 NIFTY 100 Equal Weight Index Fund (Direct) | Kotak Nifty 100 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.35% | +2.57% |
| Standard deviation | 14.83% | 15.15% |
| Sharpe ratio | 0.36 | -0.20 |
| Sortino ratio | 0.49 | -0.27 |
| Maximum drawdown | −21.6% (28-02-2025) | −13.5% (30-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.61% | −0.46% |
From daily NAVs, 23-02-2022 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 NIFTY 100 Equal Weight Index Fund (Direct)
Kotak Nifty 100 Equal Weight Index Fund (Direct)
Nifty100 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY 100 Equal Weight Index Fund (Direct) | −13.6% | 07-01-2026 | 31-03-2026 | 27-05-2026 | 57 days | −8.9% |
| Kotak Nifty 100 Equal Weight Index Fund (Direct) | −13.5% | 07-01-2026 | 30-03-2026 | 27-05-2026 | 58 days | −8.8% |
| Nifty100 Equal Weight TRI | −13.4% | 07-01-2026 | 30-03-2026 | 27-05-2026 | 58 days | −8.8% |
From daily values since 30-12-2024, 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 NIFTY 100 Equal Weight Index Fund (Direct)
Kotak Nifty 100 Equal Weight Index Fund (Direct)
Nifty100 Equal Weight TRI
Against Nifty100 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY 100 Equal Weight Index Fund (Direct) | 98% | 101% | 0.09% |
| Kotak Nifty 100 Equal Weight Index Fund (Direct) | 99% | 100% | 0.19% |
From month-end values since 30-12-2024. 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 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 Equal Weight Index Fund, September 2026; Kotak Nifty 100 Equal Weight Index Fund, 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 Index
- 0
| Security | % of HDFC NIFTY 100 Equal Weight Index | % of Kotak Nifty 100 Equal Weight Index |
|---|---|---|
| Kotak Mahindra Bank Limited | 1.06% | 1.06% |
| Dr Reddys Laboratories Ltd. | 1.05% | 1.05% |
| InterGlobe Aviation Ltd. | 1.03% | 1.04% |
| Adani Ports & Special Economic Zone | 1.03% | 1.03% |
| Adani Power (Mundra) Limited | 1.03% | 1.03% |
| Axis Bank Ltd. | 1.03% | 1.03% |
| Solar Industries India Ltd. | 1.02% | 1.03% |
| Avenue Supermarts Ltd. | 1.02% | 1.02% |
| Coal India Ltd. | 1.02% | 1.02% |
| Maruti Suzuki India Limited | 1.02% | 1.02% |
| Varun Beverages Ltd | 1.02% | 1.02% |
| ADANI ENTERPRISES LIMTIED | 1.02% | 1.02% |
| ICICI Bank Ltd. | 1.02% | 1.02% |
| LTM Limited | 1.02% | 1.02% |
| Indian Oil Corporation Ltd. | 1.02% | 1.02% |
| Indian Railways Finance Corp. Ltd. | 1.02% | 1.02% |
| Infosys Limited | 1.02% | 1.02% |
| Samvardhana Motherson International Ltd. | 1.01% | 1.01% |
| Adani Energy Solutions Limited | 1.01% | 1.01% |
| TVS Motor Company Ltd. | 1.01% | 1.01% |
| UltraTech Cement Limited | 1.01% | 1.01% |
| DLF LIMITED | 1.01% | 1.01% |
| GAIL (India) Ltd. | 1.01% | 1.01% |
| Tech Mahindra Ltd. | 1.01% | 1.01% |
| Tata Consultancy Services Ltd. | 1.01% | 1.01% |
| JSW Steel Ltd. | 1.01% | 1.01% |
| Bajaj Holdings & Investment Ltd | 1.01% | 1.01% |
| Shriram Finance Ltd. | 1.01% | 1.01% |
| NTPC Limited | 1.01% | 1.01% |
| Asian Paints Limited | 1.01% | 1.01% |
| Adani Green Energy Limited | 1.01% | 1.01% |
| Bharat Electronics Ltd. | 1.01% | 1.01% |
| Bharat Petroleum Corporation Ltd. | 1.01% | 1.01% |
| Tata Steel Ltd. | 1.01% | 1.01% |
| Hitachi Energy India Ltd. | 1.01% | 1.02% |
| Bharti Airtel Ltd. | 1.01% | 1.01% |
| Trent Ltd. | 1.01% | 1.01% |
| Sun Pharmaceutical Industries Ltd. | 1.01% | 1.01% |
| HDFC Life Insurance Company Limited | 1.01% | 1.01% |
| Vedanta Ltd. | 1.00% | 1.00% |
| Britannia Industries Ltd. | 1.00% | 1.00% |
| The Tata Power Company Ltd. | 1.00% | 1.00% |
| Bosch Limited | 1.00% | 1.00% |
| ITC LIMITED | 1.00% | 1.00% |
| SBI Life Insurance Company Ltd. | 1.00% | 1.00% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.00% | 1.00% |
| Tata Motors Passenger Vehicles Limited | 1.00% | 1.00% |
| Mahindra & Mahindra Ltd. | 1.00% | 1.00% |
| Ambuja Cements Ltd. | 1.00% | 1.00% |
| Jindal Steel Limited. | 1.00% | 1.00% |
| Hindustan Aeronautics Limited | 1.00% | 1.00% |
| Eicher Motors Ltd. | 1.00% | 1.00% |
| State Bank of India | 1.00% | 1.00% |
| HCL Technologies Ltd. | 1.00% | 1.00% |
| Bank of Baroda | 1.00% | 1.01% |
| Bajaj Finserv Ltd. | 1.00% | 1.00% |
| Tata Capital Ltd. | 0.99% | 0.99% |
| Reliance Industries Ltd. | 0.99% | 0.99% |
| Divis Laboratories Ltd. | 0.99% | 0.99% |
| Bajaj Auto Limited | 0.99% | 0.99% |
| Muthoot Finance Ltd. | 0.99% | 0.99% |
| Power Grid Corporation of India Ltd. | 0.99% | 0.99% |
| Torrent Pharmaceuticals Ltd. | 0.99% | 0.99% |
| Cummins India Ltd. | 0.99% | 0.99% |
| Siemens Ltd. | 0.99% | 0.99% |
| Zydus Lifesciences Limited | 0.99% | 0.99% |
| Larsen and Toubro Ltd. | 0.99% | 1.00% |
| Hindustan Unilever Ltd. | 0.99% | 0.99% |
| Hindalco Industries Ltd. | 0.99% | 0.99% |
| HDFC Bank Ltd. | 0.99% | 0.99% |
| Cipla Ltd. | 0.99% | 0.99% |
| CG Power and Industrial Solutions Ltd. | 0.99% | 0.99% |
| Wipro Ltd. | 0.99% | 0.99% |
| Godrej Consumer Products Ltd. | 0.99% | 0.99% |
| Bombay Stock Exchange Limited (BSE) | 0.99% | 0.99% |
| Power Finance Corporation Ltd. | 0.99% | 0.99% |
| Punjab National Bank | 0.99% | 1.00% |
| Vedanta Aluminium Metal Limited | 0.99% | 0.99% |
| Pidilite Industries Ltd. | 0.99% | 0.99% |
| Bajaj Finance Ltd. | 0.99% | 0.99% |
| Hindustan Zinc Ltd. | 0.99% | 0.99% |
| Nestle India Ltd. | 0.99% | 0.99% |
| Tata Consumer Products Limited | 0.99% | 0.99% |
| Siemens Energy India Limited | 0.99% | 0.99% |
| Oil & Natural Gas Corporation Ltd. | 0.98% | 0.98% |
| HDFC Asset Management Company Ltd. | 0.98% | 0.98% |
| Mazagon Dock Shipbuilders Ltd | 0.98% | 0.99% |
| Grasim Industries Ltd. | 0.98% | 0.98% |
| Canara Bank | 0.98% | 0.98% |
| Eternal Limited | 0.98% | 0.98% |
| Jio Financial Services Limited | 0.98% | 0.98% |
| Polycab India Limited | 0.98% | 0.98% |
| Hyundai Motor India Limited | 0.98% | 0.99% |
| Tata Motors Limited | 0.98% | 0.98% |
| ABB India Ltd. | 0.98% | 0.99% |
| Union Bank of India | 0.97% | 0.97% |
| Titan Company Ltd. | 0.96% | 0.96% |
| Apollo Hospitals Enterprise Ltd. | 0.94% | 0.94% |
| Max Healthcare Institute Limited | 0.94% | 0.94% |
| VODAFONE IDEA LIMITED | 0.93% | 0.93% |
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 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 NIFTY 100 Equal Weight Index | Kotak Nifty 100 Equal Weight Index |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 Equal Weight Index | Kotak Nifty 100 Equal Weight Index |
|---|---|---|
| Large Cap | 94.0% | 94.0% |
| Mid Cap | 6.0% | 6.0% |
| 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 NIFTY 100 Equal Weight Index | Kotak Nifty 100 Equal Weight Index |
|---|---|---|
| Finance | 10.0% | 10.0% |
| Banks | 9.0% | 9.1% |
| Automobiles | 7.0% | 7.0% |
| Power | 6.0% | 6.0% |
| IT - Software | 6.0% | 6.0% |
| Pharmaceuticals & Biotechnology | 6.0% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 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 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 Equal Weight Index Fund | Kotak Nifty 100 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.57% | 0.40% |
| Base expense ratio (Direct) | 0.36% | 0.18% |
| Total expense ratio (Regular) | 1.03% | 0.90% |
| Base expense ratio (Regular) | 0.75% | 0.60% |
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 Index Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight Index Fund?
HDFC NIFTY 100 Equal Weight Index Fund is an Index fund, Kotak Nifty 100 Equal Weight Index Fund is an Index 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 Index Fund 0.40%.
Which has given higher returns, HDFC NIFTY 100 Equal Weight Index Fund or Kotak Nifty 100 Equal Weight Index Fund?
Over 1 year: HDFC NIFTY 100 Equal Weight Index Fund −4.26%, Kotak Nifty 100 Equal Weight Index Fund −4.01%. 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 Index Fund?
Kotak Nifty 100 Equal Weight Index Fund charges less: 0.40% a year against 0.57%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight Index Fund 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 Index Fund?
On SEBI's riskometer, HDFC NIFTY 100 Equal Weight Index Fund is rated Very High and Kotak Nifty 100 Equal Weight Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.26% and 15.26% a year.
Can I invest in both HDFC NIFTY 100 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight Index Fund?
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 Index Fund?
HDFC NIFTY 100 Equal Weight Index Fund: Nandita Menezes, Arun Agarwal. Kotak Nifty 100 Equal Weight 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.