HDFC Nifty India Consumption Index Fund vs Kotak Nifty India Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty India Consumption Index Fund is an Index fund and Kotak Nifty India Consumption ETF is an ETF fund. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Kotak Nifty India Consumption ETF 0.13%. Their portfolios overlap 98.6%: they hold 29 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Kotak Nifty India Consumption ETF
ETF
- Expense ratio
- 0.13%
- NAV
- ₹11.43
Which is better, HDFC Nifty India Consumption Index or Kotak Nifty India Consumption 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 India Consumption ETF costs less: 0.13% a year against 0.44%.
- Kotak Nifty India Consumption ETF fell less in its worst fall since 18-02-2026: −13.2% against −13.3%.
- HDFC Nifty India Consumption Index is the larger fund: ₹105 Cr against ₹32 Cr.
- Their portfolios overlap 98.6%: 29 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 India Consumption Index Fund | Kotak Nifty India Consumption ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | ETF |
| AUM | ₹105 Cr (30-09-2026) | ₹32 Cr (30-09-2026) |
| NAV | ₹9.34 (Direct) | ₹11.43 |
| Expense ratio (Direct) | 0.44% | Not available |
| Expense ratio (Regular) | 0.88% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 18-02-2026 | 28-07-2022 |
| Minimum investment | ₹100 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers/ Market Makers and Large Investors provided the value of units to be purchased in creation unit size or in multiples thereof. Market Makers and Large Investors may buy th |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | NIL | NIL |
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption 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 India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| Kotak Nifty India Consumption ETF | +0.16% | −8.12% | −2.25% | −10.62% | +10.88% | -- | -- |
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption ETF: Year-wise Returns
| Year | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Kotak Nifty India Consumption ETFKotak Nifty India Consumption ETF | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | -- | −9.12% | −9.10% |
| 2025 | -- | +9.06% | +9.22% |
| 2024 | -- | +19.55% | +19.77% |
| 2023 | -- | +27.67% | +27.96% |
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty India Consumption Index Fund (Direct) | Kotak Nifty India Consumption ETF |
|---|---|---|
| Return (CAGR) | −9.25% | +9.86% |
| Standard deviation | 16.56% | 12.94% |
| Sharpe ratio | -0.88 | 0.29 |
| Sortino ratio | -1.15 | 0.40 |
| Maximum drawdown | −13.3% (31-03-2026) | −21.9% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.20% |
From daily NAVs, 18-02-2026 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 India Consumption Index Fund (Direct)
Kotak Nifty India Consumption ETF
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty India Consumption Index Fund (Direct) | −13.3% | 18-02-2026 | 31-03-2026 | 27-07-2026 | 4 months | −9.5% |
| Kotak Nifty India Consumption ETF | −13.2% | 18-02-2026 | 30-03-2026 | 27-07-2026 | 4 months | −9.5% |
| Nifty India Consumption TRI | −13.2% | 18-02-2026 | 30-03-2026 | 27-07-2026 | 4 months | −9.5% |
From daily values since 18-02-2026, the first day every fund has.
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Consumption Index Fund, September 2026; Kotak Nifty India Consumption ETF, September 2026
Holdings in common
- Overlap
- 98.6%
- Held by both
- 29
- Only in HDFC Nifty India Consumption Index
- 0
- Only in Kotak Nifty India Consumption ETF
- 1
| Security | % of HDFC Nifty India Consumption Index | % of Kotak Nifty India Consumption ETF |
|---|---|---|
| Bharti Airtel Ltd. | 10.12% | 10.14% |
| Mahindra & Mahindra Ltd. | 8.18% | 8.19% |
| ITC LIMITED | 7.86% | 7.87% |
| Eternal Limited | 7.20% | 7.20% |
| Titan Company Ltd. | 5.89% | 5.89% |
| Hindustan Unilever Ltd. | 5.18% | 5.18% |
| Maruti Suzuki India Limited | 4.83% | 4.83% |
| Bajaj Auto Limited | 3.68% | 3.69% |
| InterGlobe Aviation Ltd. | 3.50% | 3.51% |
| Asian Paints Limited | 3.37% | 3.37% |
| Eicher Motors Ltd. | 3.06% | 3.07% |
| TVS Motor Company Ltd. | 3.02% | 3.00% |
| Nestle India Ltd. | 2.92% | 2.92% |
| Trent Ltd. | 2.71% | 2.71% |
| Apollo Hospitals Enterprise Ltd. | 2.61% | 2.61% |
| Torrent Pharmaceuticals Ltd. | 2.16% | 2.19% |
| Max Healthcare Institute Limited | 2.15% | 2.15% |
| Hero MotoCorp Ltd. | 2.12% | 2.11% |
| Indian Hotels Company Ltd. | 1.99% | 1.99% |
| Tata Consumer Products Limited | 1.92% | 1.92% |
| Avenue Supermarts Ltd. | 1.92% | 1.91% |
| The Tata Power Company Ltd. | 1.87% | 1.87% |
| Varun Beverages Ltd | 1.83% | 1.84% |
| Britannia Industries Ltd. | 1.77% | 1.77% |
| Dixon Technologies (India) Ltd. | 1.71% | 1.69% |
| INFO EDGE (INDIA) LIMITED | 1.47% | 1.47% |
| DLF LIMITED | 1.35% | 1.34% |
| United Spirits Limited | 1.25% | 1.24% |
| Godrej Consumer Products Ltd. | 1.06% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.6% means 98.6% 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 India Consumption Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty India Consumption ETF
| Security | % of fund |
|---|---|
| Fortis Healthcare India Ltd | 1.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Consumption Index | Kotak Nifty India Consumption ETF |
|---|---|---|
| Equity | 98.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 0.0% |
Market cap of stocks
| Market cap | HDFC Nifty India Consumption Index | Kotak Nifty India Consumption ETF |
|---|---|---|
| Large Cap | 88.0% | 88.1% |
| Mid Cap | 10.7% | 11.9% |
| 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 India Consumption Index | Kotak Nifty India Consumption ETF |
|---|---|---|
| Automobiles | 24.9% | 24.9% |
| Retailing | 13.3% | 13.3% |
| Diversified FMCG | 13.0% | 13.1% |
| Consumer Durables | 11.0% | 10.9% |
| Telecom - Services | 10.1% | 10.1% |
| Healthcare Services | 4.8% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Consumption Index vs Kotak Nifty India Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Consumption Index Fund | Kotak Nifty India Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.44% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 0.88% | Not available |
| Base expense ratio (Regular) | 0.69% | 0.08% |
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 India Consumption Index Fund vs Kotak Nifty India Consumption ETF: Frequently Asked Questions
What is the difference between HDFC Nifty India Consumption Index Fund and Kotak Nifty India Consumption ETF?
HDFC Nifty India Consumption Index Fund is an Index fund, Kotak Nifty India Consumption ETF is an ETF fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 98.6%. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Kotak Nifty India Consumption ETF 0.13%.
Which has the lower expense ratio, HDFC Nifty India Consumption Index Fund or Kotak Nifty India Consumption ETF?
Kotak Nifty India Consumption ETF charges less: 0.13% a year against 0.44%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty India Consumption Index Fund and Kotak Nifty India Consumption ETF overlap?
98.6%. They hold 29 of the same securities, the largest shared ones being BHARTIARTL, M&M, ITC. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Consumption Index Fund or Kotak Nifty India Consumption ETF?
On SEBI's riskometer, HDFC Nifty India Consumption Index Fund is rated Very High and Kotak Nifty India Consumption ETF Very High. Over their common history, the standard deviation of daily returns was 16.56% and 12.94% a year.
Can I invest in both HDFC Nifty India Consumption Index Fund and Kotak Nifty India Consumption ETF?
Yes. 98.6% 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 India Consumption Index Fund and Kotak Nifty India Consumption ETF?
HDFC Nifty India Consumption Index Fund: Nandita Menezes, Arun Agarwal. Kotak Nifty India Consumption 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.