HDFC NIFTY Bank ETF vs Kotak Nifty Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY Bank ETF is an ETF fund and Kotak Nifty Bank ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC NIFTY Bank ETF returned 8.9% a year and Kotak Nifty Bank ETF returned 8.9% a year. HDFC NIFTY Bank ETF charges 0.17% a year and Kotak Nifty Bank ETF 0.17%. Their portfolios overlap 100.0%: they hold 14 of the same securities.
Which is better, HDFC NIFTY Bank ETF or Kotak Nifty Bank ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC NIFTY Bank ETF returned more over 5 years: 7.6% a year against 7.5%.
- Kotak Nifty Bank ETF returned more over 3 years: 8.9% a year against 8.9%.
- HDFC NIFTY Bank ETF costs less: 0.17% a year against 0.17%.
- Kotak Nifty Bank ETF swung less over 3 years: a standard deviation of 15.9% a year against 16.0%.
- HDFC NIFTY Bank ETF fell less in its worst fall since 21-08-2020: −20.6% against −20.6%.
- Kotak Nifty Bank ETF is the larger fund: ₹4,125 Cr against ₹2,031 Cr.
- Their portfolios overlap 100.0%: 14 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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹2,031 Cr (30-09-2026) | ₹4,125 Cr (30-09-2026) |
| NAV | ₹56.36 | ₹56.83 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Bank TRI | Nifty Bank TRI |
| Launch date | 21-08-2020 | 04-12-2014 |
| Minimum investment | On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. The aforesaid limit of Rs.25 crores is not applicable for M |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Satish Dondapati, Jeetu Valechha Sonar |
| Exit load | Not available | NIL |
HDFC NIFTY Bank ETF vs Kotak Nifty Bank 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 Bank ETF | +0.09% | −4.20% | +0.22% | −5.36% | +8.94% | +7.56% | -- |
| Kotak Nifty Bank ETF | +0.09% | −4.19% | +0.23% | −5.34% | +8.94% | +7.55% | +11.08% |
HDFC NIFTY Bank ETF vs Kotak Nifty Bank ETF: Year-wise Returns
| Year | HDFCHDFC NIFTY Bank ETF | KotakKotak Nifty Bank ETF | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | −7.79% | −7.78% | −7.61% |
| 2025 | +17.87% | +17.88% | +18.08% |
| 2024 | +6.04% | +6.03% | +6.26% |
| 2023 | +13.08% | +13.05% | +13.29% |
| 2022 | +21.81% | +21.76% | +22.14% |
| 2021 | +13.58% | +13.60% | +13.90% |
HDFC NIFTY Bank ETF vs Kotak Nifty Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 789 of them, one for each trading day from 21-08-2023 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 Bank ETF
Kotak Nifty Bank ETF
Nifty Bank TRI
to
Nov 2023Jun 2021
to
Jun 2024Dec 2021
to
Dec 2024Jul 2022
to
Jul 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 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 Bank ETF | 0.0 | 0.0 | 21.2 | 54.9 | 16.6 | 3.9 | 3.4 | 13.4% | 12.7% | 7.1% | 29.3% | 0% |
| Kotak Nifty Bank ETF | 0.0 | 0.0 | 21.2 | 55.6 | 15.8 | 4.1 | 3.3 | 13.4% | 12.7% | 7.1% | 29.2% | 0% |
| Nifty Bank TRI | 0.0 | 0.0 | 18.4 | 54.6 | 19.0 | 4.4 | 3.5 | 13.6% | 12.9% | 7.3% | 29.6% | -- |
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 Bank 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 21-08-2020. Past returns do not promise future returns.
HDFC NIFTY Bank ETF vs Kotak Nifty Bank 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 21-08-2020 to 30-10-2026: 75 instalments, ₹7,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY Bank ETFHDFC NIFTY Bank ETF | ₹7,50,000 | ₹9,96,845 | ₹2,46,845 | 9.0% |
| Kotak Nifty Bank ETFKotak Nifty Bank ETF | ₹7,50,000 | ₹9,98,012 | ₹2,48,012 | 9.0% |
HDFC NIFTY Bank ETFHDFC NIFTY Bank ETF
Kotak Nifty Bank ETFKotak Nifty Bank 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 Bank ETF vs Kotak Nifty Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Return (CAGR) | −5.36% | −5.34% |
| Standard deviation | 17.02% | 17.02% |
| Sharpe ratio | -0.62 | -0.62 |
| Sortino ratio | -0.86 | -0.86 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | −0.21% |
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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Return (CAGR) | +8.94% | +8.94% |
| Standard deviation | 15.95% | 15.95% |
| Sharpe ratio | 0.18 | 0.18 |
| Sortino ratio | 0.26 | 0.26 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.21% | −0.21% |
From daily NAVs, 30-10-2023 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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Return (CAGR) | +7.56% | +7.55% |
| Standard deviation | 16.69% | 16.69% |
| Sharpe ratio | 0.11 | 0.10 |
| Sortino ratio | 0.15 | 0.14 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | −0.24% |
From daily NAVs, 29-10-2021 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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Return (CAGR) | +16.15% | +9.91% |
| Standard deviation | 18.60% | 21.29% |
| Sharpe ratio | 0.58 | 0.20 |
| Sortino ratio | 0.85 | 0.28 |
| Maximum drawdown | −20.6% (16-06-2022) | −48.5% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.25% | −0.36% |
From daily NAVs, 21-08-2020 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 Bank ETF
Kotak Nifty Bank ETF
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Bank ETF | −20.6% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.7% |
| Kotak Nifty Bank ETF | −20.6% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.7% |
| Nifty Bank TRI | −20.5% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.6% |
From daily values since 21-08-2020, 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 Bank ETF
Kotak Nifty Bank ETF
Nifty Bank TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY Bank ETF
Kotak Nifty Bank ETF
Nifty Bank TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY Bank ETF
Kotak Nifty Bank ETF
Nifty Bank TRI
Against Nifty Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY Bank ETF | 100% | 100% | 0.05% |
| Kotak Nifty Bank ETF | 100% | 100% | 0.05% |
From month-end values since 21-08-2020. 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 Bank ETF vs Kotak Nifty Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Bank ETF, September 2026; Kotak Nifty Bank ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 14
- Only in HDFC NIFTY Bank ETF
- 0
- Only in Kotak Nifty Bank ETF
- 0
| Security | % of HDFC NIFTY Bank ETF | % of Kotak Nifty Bank ETF |
|---|---|---|
| HDFC Bank Ltd. | 18.61% | 18.61% |
| ICICI Bank Ltd. | 14.18% | 14.18% |
| Kotak Mahindra Bank Limited | 10.20% | 10.20% |
| Axis Bank Ltd. | 10.06% | 10.05% |
| State Bank of India | 9.93% | 9.92% |
| The Federal Bank Ltd. | 6.56% | 6.56% |
| Indusind Bank Ltd. | 4.97% | 4.97% |
| Au Small Finance Bank Ltd. | 4.85% | 4.85% |
| IDFC First Bank Limited | 4.54% | 4.54% |
| Bank of Baroda | 3.59% | 3.59% |
| Canara Bank | 3.37% | 3.37% |
| Punjab National Bank | 3.27% | 3.27% |
| Yes Bank Ltd. | 3.01% | 3.01% |
| Union Bank of India | 2.86% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 HDFC NIFTY Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Bank 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 Bank ETF | Kotak Nifty Bank 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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Large Cap | 76.1% | 76.0% |
| Mid Cap | 23.9% | 23.9% |
| 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 Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Bank ETF vs Kotak Nifty Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Bank ETF | Kotak Nifty Bank ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Base expense ratio (Regular) | 0.14% | 0.13% |
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 Bank ETF vs Kotak Nifty Bank ETF: Frequently Asked Questions
What is the difference between HDFC NIFTY Bank ETF and Kotak Nifty Bank ETF?
HDFC NIFTY Bank ETF is an ETF fund, Kotak Nifty Bank ETF is an ETF fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 100.0%. HDFC NIFTY Bank ETF charges 0.17% a year and Kotak Nifty Bank ETF 0.17%.
Which has given higher returns, HDFC NIFTY Bank ETF or Kotak Nifty Bank ETF?
Over 1 year: HDFC NIFTY Bank ETF −5.36%, Kotak Nifty Bank ETF −5.34%. Over 3 years: HDFC NIFTY Bank ETF +8.94% a year, Kotak Nifty Bank ETF +8.94% a year. Over 5 years: HDFC NIFTY Bank ETF +7.56% a year, Kotak Nifty Bank ETF +7.55% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY Bank ETF or Kotak Nifty Bank ETF?
HDFC NIFTY Bank ETF charges less: 0.17% a year against 0.17%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY Bank ETF and Kotak Nifty Bank ETF overlap?
100.0%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY Bank ETF or Kotak Nifty Bank ETF?
On SEBI's riskometer, HDFC NIFTY Bank ETF is rated Very High and Kotak Nifty Bank ETF Very High. Over 3 years, the standard deviation of daily returns was 15.95% and 15.95% a year.
Which is better for SIP, HDFC NIFTY Bank ETF or Kotak Nifty Bank ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,32,088 in HDFC NIFTY Bank ETF (XIRR 7.1% a year) and ₹7,31,979 in Kotak Nifty Bank ETF (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC NIFTY Bank ETF and Kotak Nifty Bank ETF?
Yes. 100.0% 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 Bank ETF and Kotak Nifty Bank ETF?
HDFC NIFTY Bank ETF: Abhishek Mor, Arun Agarwal. Kotak Nifty Bank ETF: Satish Dondapati, 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.