HDFC NIFTY 100 ETF 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 ETF is an ETF fund and Kotak Nifty 100 Equal Weight ETF is an ETF fund. In the year to 30-10-2026, HDFC NIFTY 100 ETF returned −9.0% and Kotak Nifty 100 Equal Weight ETF returned −3.9%. HDFC NIFTY 100 ETF charges 0.31% a year and Kotak Nifty 100 Equal Weight ETF 0.36%. Their portfolios overlap 62.2%: they hold 100 of the same securities.
Kotak Nifty 100 Equal Weight ETF
ETF
- 1 year return
- −3.9%
- Expense ratio
- 0.36%
- NAV
- ₹32.90
Which is better, HDFC NIFTY 100 ETF 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 −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 0.36%.
- Kotak Nifty 100 Equal Weight ETF fell less in its worst fall since 28-02-2025: −13.5% against −15.0%.
- HDFC NIFTY 100 ETF is the larger fund: ₹41 Cr against ₹39 Cr.
- Their portfolios overlap 62.2%: 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 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹41 Cr (30-09-2026) | ₹39 Cr (30-09-2026) |
| NAV | ₹24.81 | ₹32.90 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | NIFTY 100 Equal Weighted TRI |
| Launch date | 05-08-2022 | 24-02-2025 |
| Minimum investment | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there | Ongoing 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 in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Not available | NIL |
HDFC NIFTY 100 ETF 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| Kotak Nifty 100 Equal Weight ETF | −0.97% | −6.71% | −2.68% | −3.92% | -- | -- | -- |
HDFC NIFTY 100 ETF vs Kotak Nifty 100 Equal Weight ETF: Year-wise Returns
| Year | HDFC NIFTY 100HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal WeightKotak Nifty 100 Equal Weight ETF |
|---|---|---|
| 2026to date | −9.57% | −3.59% |
| 2025 | +9.91% | -- |
| 2024 | +12.55% | -- |
| 2023 | +20.87% | -- |
HDFC NIFTY 100 ETF vs Kotak Nifty 100 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 ETF
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.
HDFC NIFTY 100 ETF
Kotak Nifty 100 Equal Weight ETF
Nifty 100 TRI
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 ETF | 62.0 | 27.0 | 9.2 | 1.8 | 0.0 | 0.0 | 0.0 | −0.8% | −1.2% | −10.8% | 14.6% | 0% |
| Kotak Nifty 100 Equal Weight ETF | 12.3 | 23.3 | 42.3 | 20.2 | 1.8 | 0.0 | 0.0 | 5.9% | 6.1% | −5.9% | 20.0% | 100% |
| Nifty 100 TRI | 60.1 | 28.2 | 8.6 | 3.1 | 0.0 | 0.0 | 0.0 | −0.5% | −0.9% | −10.5% | 14.9% | -- |
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 Nifty 100 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 ETF 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
₹10,000 on the first trading day of every month, from 01-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹2,10,000 | ₹2,03,019 | −₹6,981 | −3.7% |
| Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF | ₹2,10,000 | ₹2,12,179 | ₹2,179 | 1.1% |
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF
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 ETF 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
| Measure | HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | −8.99% | −3.92% |
| Standard deviation | 14.04% | 15.44% |
| Sharpe ratio | -1.01 | -0.59 |
| Sortino ratio | -1.35 | -0.78 |
| Maximum drawdown | −15.0% (31-03-2026) | −13.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −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.
| Measure | HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +8.29% | +10.13% |
| Standard deviation | 12.92% | 14.80% |
| Sharpe ratio | 0.17 | 0.32 |
| Sortino ratio | 0.23 | 0.44 |
| Maximum drawdown | −17.3% (28-02-2025) | −13.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −0.33% |
From daily NAVs, 05-08-2022 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 ETF
Kotak Nifty 100 Equal Weight ETF
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY 100 ETF | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.4% |
| Kotak Nifty 100 Equal Weight ETF | −13.5% | 07-01-2026 | 30-03-2026 | 27-05-2026 | 58 days | −8.7% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
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.
HDFC NIFTY 100 ETF
Kotak Nifty 100 Equal Weight ETF
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY 100 ETF | 99% | 101% | 0.02% |
| Kotak Nifty 100 Equal Weight ETF | 111% | 85% | 4.83% |
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 ETF vs Kotak Nifty 100 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 ETF, September 2026; Kotak Nifty 100 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 62.2%
- Held by both
- 100
- Only in HDFC NIFTY 100 ETF
- 0
- Only in Kotak Nifty 100 Equal Weight ETF
- 0
| Security | % of HDFC NIFTY 100 ETF | % of Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.38% | 1.06% |
| Axis Bank Ltd. | 2.73% | 1.03% |
| Adani Ports & Special Economic Zone | 1.09% | 1.03% |
| ICICI Bank Ltd. | 7.34% | 1.02% |
| Infosys Limited | 2.72% | 1.02% |
| Maruti Suzuki India Limited | 1.21% | 1.02% |
| Bharti Airtel Ltd. | 4.14% | 1.01% |
| Tata Consultancy Services Ltd. | 1.62% | 1.01% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 1.01% |
| NTPC Limited | 1.19% | 1.01% |
| Tata Steel Ltd. | 1.18% | 1.01% |
| Bharat Electronics Ltd. | 1.08% | 1.01% |
| Shriram Finance Ltd. | 1.07% | 1.01% |
| UltraTech Cement Limited | 1.01% | 1.01% |
| Larsen and Toubro Ltd. | 3.41% | 1.00% |
| State Bank of India | 3.07% | 1.00% |
| Mahindra & Mahindra Ltd. | 2.04% | 1.00% |
| ITC LIMITED | 1.96% | 1.00% |
| HCL Technologies Ltd. | 1.00% | 1.00% |
| HDFC Bank Ltd. | 8.41% | 0.99% |
| Reliance Industries Ltd. | 6.15% | 0.99% |
| Bajaj Finance Ltd. | 2.03% | 0.99% |
| Hindustan Unilever Ltd. | 1.29% | 0.99% |
| Hindalco Industries Ltd. | 1.06% | 0.99% |
| Eternal Limited | 1.80% | 0.98% |
| Bombay Stock Exchange Limited (BSE) | 0.98% | 0.99% |
| Titan Company Ltd. | 1.47% | 0.96% |
| JSW Steel Ltd. | 0.93% | 1.01% |
| Bajaj Auto Limited | 0.92% | 0.99% |
| Divis Laboratories Ltd. | 0.92% | 0.99% |
| Power Grid Corporation of India Ltd. | 0.91% | 0.99% |
| Grasim Industries Ltd. | 0.89% | 0.98% |
| InterGlobe Aviation Ltd. | 0.87% | 1.03% |
| Asian Paints Limited | 0.84% | 1.01% |
| Coal India Ltd. | 0.79% | 1.02% |
| Bajaj Finserv Ltd. | 0.78% | 1.00% |
| Eicher Motors Ltd. | 0.76% | 1.00% |
| ADANI ENTERPRISES LIMTIED | 0.76% | 1.02% |
| Tech Mahindra Ltd. | 0.75% | 1.01% |
| TVS Motor Company Ltd. | 0.75% | 1.01% |
| Nestle India Ltd. | 0.73% | 0.99% |
| Hindustan Aeronautics Limited | 0.69% | 1.00% |
| Trent Ltd. | 0.68% | 1.01% |
| Tata Motors Limited | 0.68% | 0.98% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.98% |
| Adani Power (Mundra) Limited | 0.66% | 1.03% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.94% |
| Cipla Ltd. | 0.59% | 0.99% |
| SBI Life Insurance Company Ltd. | 0.59% | 1.00% |
| Dr Reddys Laboratories Ltd. | 0.58% | 1.05% |
| Samvardhana Motherson International Ltd. | 0.56% | 1.01% |
| Jio Financial Services Limited | 0.55% | 0.98% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.99% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.54% | 1.00% |
| Vedanta Aluminium Metal Limited | 0.54% | 0.99% |
| Max Healthcare Institute Limited | 0.54% | 0.94% |
| Cummins India Ltd. | 0.50% | 0.99% |
| Avenue Supermarts Ltd. | 0.48% | 1.02% |
| Tata Consumer Products Limited | 0.48% | 0.99% |
| Bharat Petroleum Corporation Ltd. | 0.47% | 1.01% |
| The Tata Power Company Ltd. | 0.47% | 1.00% |
| Varun Beverages Ltd | 0.46% | 1.02% |
| Tata Motors Passenger Vehicles Limited | 0.46% | 1.00% |
| CG Power and Industrial Solutions Ltd. | 0.45% | 0.99% |
| Britannia Industries Ltd. | 0.44% | 1.00% |
| HDFC Life Insurance Company Limited | 0.43% | 1.01% |
| Indian Oil Corporation Ltd. | 0.39% | 1.02% |
| Solar Industries India Ltd. | 0.37% | 1.02% |
| Power Finance Corporation Ltd. | 0.37% | 0.99% |
| HDFC Asset Management Company Ltd. | 0.36% | 0.98% |
| GAIL (India) Ltd. | 0.36% | 1.01% |
| Bajaj Holdings & Investment Ltd | 0.36% | 1.01% |
| Vedanta Ltd. | 0.35% | 1.00% |
| Pidilite Industries Ltd. | 0.35% | 0.99% |
| Adani Green Energy Limited | 0.33% | 1.01% |
| Bank of Baroda | 0.33% | 1.01% |
| Jindal Steel Limited. | 0.33% | 1.00% |
| DLF LIMITED | 0.33% | 1.01% |
| Wipro Ltd. | 0.33% | 0.99% |
| Polycab India Limited | 0.33% | 0.98% |
| Adani Energy Solutions Limited | 0.33% | 1.01% |
| Bosch Limited | 0.32% | 1.00% |
| Canara Bank | 0.31% | 0.98% |
| Hitachi Energy India Ltd. | 0.30% | 1.01% |
| Punjab National Bank | 0.30% | 0.99% |
| LTM Limited | 0.29% | 1.02% |
| ABB India Ltd. | 0.28% | 0.99% |
| VODAFONE IDEA LIMITED | 0.28% | 0.93% |
| Godrej Consumer Products Ltd. | 0.26% | 0.99% |
| Union Bank of India | 0.26% | 0.97% |
| Siemens Ltd. | 0.25% | 0.99% |
| Muthoot Finance Ltd. | 0.23% | 0.99% |
| Siemens Energy India Limited | 0.22% | 0.99% |
| Hyundai Motor India Limited | 0.22% | 0.99% |
| Zydus Lifesciences Limited | 0.22% | 0.99% |
| Hindustan Zinc Ltd. | 0.21% | 0.99% |
| Ambuja Cements Ltd. | 0.18% | 1.00% |
| Indian Railways Finance Corp. Ltd. | 0.14% | 1.02% |
| Tata Capital Ltd. | 0.14% | 0.99% |
| Mazagon Dock Shipbuilders Ltd | 0.12% | 0.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.2% means 62.2% 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 ETF
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
| Asset | HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Large Cap | 98.0% | 94.0% |
| Mid Cap | 2.0% | 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 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Banks | 25.1% | 9.1% |
| Finance | 6.2% | 10.0% |
| Petroleum Products | 7.0% | 3.0% |
| Automobiles | 6.4% | 7.0% |
| IT - Software | 6.7% | 6.0% |
| Power | 3.9% | 6.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 6.0% |
| Telecom - Services | 4.4% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 ETF vs Kotak Nifty 100 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 ETF | Kotak Nifty 100 Equal Weight ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Base expense ratio (Regular) | 0.25% | 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 ETF vs Kotak Nifty 100 Equal Weight ETF: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 ETF and Kotak Nifty 100 Equal Weight ETF?
HDFC NIFTY 100 ETF is an ETF fund, Kotak Nifty 100 Equal Weight ETF is an ETF fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 62.2%. HDFC NIFTY 100 ETF charges 0.31% a year and Kotak Nifty 100 Equal Weight ETF 0.36%.
Which has given higher returns, HDFC NIFTY 100 ETF or Kotak Nifty 100 Equal Weight ETF?
Over 1 year: HDFC NIFTY 100 ETF −8.99%, 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 ETF or Kotak Nifty 100 Equal Weight ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 0.36%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 ETF and Kotak Nifty 100 Equal Weight ETF overlap?
62.2%. They hold 100 of the same securities, the largest shared ones being KOTAKBANK, AXISBANK, ADANIPORTS. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY 100 ETF or Kotak Nifty 100 Equal Weight ETF?
On SEBI's riskometer, HDFC NIFTY 100 ETF is rated Very High and Kotak Nifty 100 Equal Weight ETF Very High. Over 1 years, the standard deviation of daily returns was 14.04% and 15.44% a year.
Can I invest in both HDFC NIFTY 100 ETF and Kotak Nifty 100 Equal Weight ETF?
Yes. 62.2% 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 ETF and Kotak Nifty 100 Equal Weight ETF?
HDFC NIFTY 100 ETF: Abhishek Mor, 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.