HDFC Nifty G-Sec Sep 2032 Index Fund vs Kotak Nifty G-Sec July 2033 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty G-Sec Sep 2032 Index Fund is an Index fund and Kotak Nifty G-Sec July 2033 Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC Nifty G-Sec Sep 2032 Index Fund (Direct) returned 7.1% a year and Kotak Nifty G-Sec July 2033 Index Fund (Direct) returned 7.0% a year. HDFC Nifty G-Sec Sep 2032 Index Fund charges 0.19% a year and Kotak Nifty G-Sec July 2033 Index Fund 0.14% (Direct plans). Their portfolios overlap 30.1%: they hold 1 of the same security.
HDFC Nifty G-Sec Sep 2032 Index Fund
Index
- 3 year return
- 7.1%
- Expense ratio
- 0.19%
- NAV
- ₹12.99
Kotak Nifty G-Sec July 2033 Index Fund
Index
- 3 year return
- 7.0%
- Expense ratio
- 0.14%
- NAV
- ₹12.28
Which is better, HDFC Nifty G-Sec Sep 2032 Index or Kotak Nifty G-Sec July 2033 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 Nifty G-Sec Sep 2032 Index returned more over 3 years: 7.1% a year against 7.0%.
- Kotak Nifty G-Sec July 2033 Index returned more over 1 year: 2.4% against 2.1%.
- Kotak Nifty G-Sec July 2033 Index costs less: 0.14% a year against 0.19% (Direct plans).
- Kotak Nifty G-Sec July 2033 Index swung less over 3 years: a standard deviation of 2.3% a year against 2.4%.
- Kotak Nifty G-Sec July 2033 Index fell less in its worst fall since 13-10-2023: −2.9% against −3.0%.
- HDFC Nifty G-Sec Sep 2032 Index is the larger fund: ₹614 Cr against ₹21 Cr.
- Their portfolios overlap 30.1%: 1 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 G-Sec Sep 2032 Index Fund | Kotak Nifty G-Sec July 2033 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹614 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹12.99 (Direct) | ₹12.28 (Direct) |
| Expense ratio (Direct) | 0.19% | 0.14% |
| Expense ratio (Regular) | 0.34% | 0.39% |
| Riskometer | Moderate | Moderate |
| Benchmark | Nifty G-Sec Sep 2032 Index. | Nifty G-Sec July 2033 Index |
| Launch date | 09-12-2022 | 11-10-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Anupam Joshi, Sankalp Baid | Abhishek Bisen |
| Exit load | NIL | Nil |
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 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 G-Sec Sep 2032 Index Fund (Direct) | −0.97% | −2.12% | +1.33% | +2.13% | +7.13% | -- | -- |
| Kotak Nifty G-Sec July 2033 Index Fund (Direct) | −0.78% | −1.91% | +1.40% | +2.42% | +7.04% | -- | -- |
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 Index: Year-wise Returns
| Year | HDFC Nifty G-Sec Sep 2032HDFC Nifty G-Sec Sep 2032 Index | Kotak Nifty G-Sec July 2033Kotak Nifty G-Sec July 2033 Index |
|---|---|---|
| 2026to date | +1.63% | +1.65% |
| 2025 | +7.77% | +7.72% |
| 2024 | +9.48% | +9.21% |
| 2023 | +8.17% | -- |
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 496 of them, one for each trading day from 14-10-2024 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 G-Sec Sep 2032 Index Fund (Direct)
Kotak Nifty G-Sec July 2033 Index Fund (Direct)
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Nifty G-Sec Sep 2032 Index | 0.0 | 21.8 | 52.6 | 25.6 | 0.0 | 0.0 | 0.0 | 7.9% | 8.5% | 1.2% | 13.3% |
| Kotak Nifty G-Sec July 2033 Index | 0.0 | 21.2 | 55.8 | 23.0 | 0.0 | 0.0 | 0.0 | 7.8% | 8.4% | 1.5% | 12.8% |
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. Every fund is measured over the days all of them have, from 13-10-2023. Past returns do not promise future returns.
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty G-Sec Sep 2032 IndexHDFC Nifty G-Sec Sep 2032 Index Fund (Direct) | ₹3,70,000 | ₹3,99,909 | ₹29,909 | 5.0% |
| Kotak Nifty G-Sec July 2033 IndexKotak Nifty G-Sec July 2033 Index Fund (Direct) | ₹3,70,000 | ₹4,00,140 | ₹30,140 | 5.0% |
HDFC Nifty G-Sec Sep 2032 IndexHDFC Nifty G-Sec Sep 2032 Index Fund (Direct)
Kotak Nifty G-Sec July 2033 IndexKotak Nifty G-Sec July 2033 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 G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty G-Sec Sep 2032 Index Fund (Direct) | Kotak Nifty G-Sec July 2033 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.13% | +2.42% |
| Standard deviation | 2.85% | 2.69% |
| Sharpe ratio | -1.10 | -1.05 |
| Sortino ratio | -1.50 | -1.42 |
| Maximum drawdown | −3.0% (26-10-2026) | −2.9% (26-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 G-Sec Sep 2032 Index Fund (Direct) | Kotak Nifty G-Sec July 2033 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.13% | +7.04% |
| Standard deviation | 2.37% | 2.27% |
| Sharpe ratio | 0.47 | 0.45 |
| Sortino ratio | 0.67 | 0.64 |
| Maximum drawdown | −3.0% (26-10-2026) | −2.9% (26-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 G-Sec Sep 2032 Index Fund (Direct) | Kotak Nifty G-Sec July 2033 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.96% | +6.94% |
| Standard deviation | 2.41% | 2.26% |
| Sharpe ratio | 0.33 | 0.40 |
| Sortino ratio | 0.47 | 0.57 |
| Maximum drawdown | −3.0% (26-10-2026) | −2.9% (26-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 09-12-2022 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 G-Sec Sep 2032 Index Fund (Direct)
Kotak Nifty G-Sec July 2033 Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty G-Sec Sep 2032 Index Fund (Direct) | −3.0% | 06-08-2026 | 26-10-2026 | Not yet | -- | −2.9% |
| Kotak Nifty G-Sec July 2033 Index Fund (Direct) | −2.9% | 14-08-2026 | 26-10-2026 | Not yet | -- | −2.6% |
From daily values since 13-10-2023, 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 G-Sec Sep 2032 Index Fund (Direct)
Kotak Nifty G-Sec July 2033 Index Fund (Direct)
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 G-Sec Sep 2032 Index Fund (Direct)
Kotak Nifty G-Sec July 2033 Index Fund (Direct)
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty G-Sec Sep 2032 Index Fund, September 2026; Kotak Nifty G-Sec July 2033 Index Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 1
- Only in HDFC Nifty G-Sec Sep 2032 Index
- 3
- Only in Kotak Nifty G-Sec July 2033 Index
- 1
| Security | % of HDFC Nifty G-Sec Sep 2032 Index | % of Kotak Nifty G-Sec July 2033 Index |
|---|---|---|
| 7.26% GOI MAT 220832 | 93.04% | 30.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% 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 G-Sec Sep 2032 Index Fund
| Security | % of fund |
|---|---|
| 6.54% GOI MAT 170132 | 3.37% |
| 7.95% GOI MAT 280832 | 2.34% |
| 8.32% GOI MAT 020832 | 0.02% |
Largest holdings only in Kotak Nifty G-Sec July 2033 Index Fund
| Security | % of fund |
|---|---|
| Central Government - 2033 | 67.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty G-Sec Sep 2032 Index | Kotak Nifty G-Sec July 2033 Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.8% | 97.2% |
| Cash and others | 1.2% | 2.8% |
HDFC Nifty G-Sec Sep 2032 Index vs Kotak Nifty G-Sec July 2033 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty G-Sec Sep 2032 Index Fund | Kotak Nifty G-Sec July 2033 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.19% | 0.14% |
| Base expense ratio (Direct) | 0.16% | 0.12% |
| Total expense ratio (Regular) | 0.34% | 0.39% |
| Base expense ratio (Regular) | 0.29% | 0.33% |
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 G-Sec Sep 2032 Index Fund vs Kotak Nifty G-Sec July 2033 Index Fund: Frequently Asked Questions
What is the difference between HDFC Nifty G-Sec Sep 2032 Index Fund and Kotak Nifty G-Sec July 2033 Index Fund?
HDFC Nifty G-Sec Sep 2032 Index Fund is an Index fund, Kotak Nifty G-Sec July 2033 Index Fund is an Index fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 30.1%. HDFC Nifty G-Sec Sep 2032 Index Fund charges 0.19% a year and Kotak Nifty G-Sec July 2033 Index Fund 0.14%.
Which has given higher returns, HDFC Nifty G-Sec Sep 2032 Index Fund or Kotak Nifty G-Sec July 2033 Index Fund?
Over 1 year: HDFC Nifty G-Sec Sep 2032 Index Fund +2.13%, Kotak Nifty G-Sec July 2033 Index Fund +2.42%. Over 3 years: HDFC Nifty G-Sec Sep 2032 Index Fund +7.13% a year, Kotak Nifty G-Sec July 2033 Index Fund +7.04% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty G-Sec Sep 2032 Index Fund or Kotak Nifty G-Sec July 2033 Index Fund?
Kotak Nifty G-Sec July 2033 Index Fund charges less: 0.14% a year against 0.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty G-Sec Sep 2032 Index Fund and Kotak Nifty G-Sec July 2033 Index Fund overlap?
30.1%. They hold 1 of the same securities, the largest shared ones being 7.26% GOI MAT 220832. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty G-Sec Sep 2032 Index Fund or Kotak Nifty G-Sec July 2033 Index Fund?
On SEBI's riskometer, HDFC Nifty G-Sec Sep 2032 Index Fund is rated Moderate and Kotak Nifty G-Sec July 2033 Index Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.37% and 2.27% a year.
Which is better for SIP, HDFC Nifty G-Sec Sep 2032 Index Fund or Kotak Nifty G-Sec July 2033 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,99,909 in HDFC Nifty G-Sec Sep 2032 Index Fund (XIRR 5.0% a year) and ₹4,00,140 in Kotak Nifty G-Sec July 2033 Index Fund (XIRR 5.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty G-Sec Sep 2032 Index Fund and Kotak Nifty G-Sec July 2033 Index Fund?
Yes. 30.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty G-Sec Sep 2032 Index Fund and Kotak Nifty G-Sec July 2033 Index Fund?
HDFC Nifty G-Sec Sep 2032 Index Fund: Anupam Joshi, Sankalp Baid. Kotak Nifty G-Sec July 2033 Index Fund: Abhishek Bisen.
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.