HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty Metal ETF is a mutual fund and Kotak Nifty Commodities Index Fund is an Index fund. HDFC Nifty Metal ETF charges 0.59% a year and Kotak Nifty Commodities Index Fund 0.30%. Their portfolios overlap 30.6%: they hold 8 of the same securities.
Kotak Nifty Commodities Index Fund
Index
- Expense ratio
- 0.30%
- NAV
- ₹11.25
Which is better, HDFC Nifty Metal ETF or Kotak Nifty Commodities 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 Commodities Index costs less: 0.30% a year against 0.59%.
- Kotak Nifty Commodities Index fell less in its worst fall since 27-07-2026: −12.0% against −15.1%.
- Kotak Nifty Commodities Index is the larger fund: ₹283 Cr against ₹120 Cr.
- Their portfolios overlap 30.6%: 8 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 Metal ETF | Kotak Nifty Commodities Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Not available | Index |
| AUM | ₹120 Cr (30-09-2026) | ₹283 Cr (30-09-2026) |
| NAV | ₹117.93 | ₹11.25 (Direct) |
| Expense ratio (Direct) | Not available | 0.30% |
| Expense ratio (Regular) | Not available | 0.57% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Commodities TRI |
| Launch date | Not available | 10-03-2025 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Not available | Nil |
HDFC Nifty Metal ETF vs Kotak Nifty Commodities 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 Metal ETF | −7.53% | −7.11% | -- | -- | -- | -- | -- |
| Kotak Nifty Commodities Index Fund (Direct) | −3.65% | −8.47% | −11.93% | −4.81% | -- | -- | -- |
HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index: Year-wise Returns
| Year | HDFC Nifty Metal ETFHDFC Nifty Metal ETF | Kotak Nifty Commodities IndexKotak Nifty Commodities Index |
|---|---|---|
| 2026to date | -- | −5.07% |
HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index: Rolling Returns
Every holding period of both funds, against Nifty Metal TRI, the benchmark of HDFC Nifty Metal ETF
HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty Metal ETF | Kotak Nifty Commodities Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −19.43% | +6.23% |
| Standard deviation | 21.06% | 15.69% |
| Sharpe ratio | -1.17 | 0.05 |
| Sortino ratio | -1.48 | 0.07 |
| Maximum drawdown | −15.1% (23-10-2026) | −15.8% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.53% | −0.81% |
From daily NAVs, 27-07-2026 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 Metal ETF
Kotak Nifty Commodities Index Fund (Direct)
Nifty Metal TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty Metal ETF | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.9% |
| Kotak Nifty Commodities Index Fund (Direct) | −12.0% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.3% |
| Nifty Metal TRI | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.8% |
From daily values since 27-07-2026, the first day every fund has.
HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty Metal ETF, September 2026; Kotak Nifty Commodities Index Fund, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 8
- Only in HDFC Nifty Metal ETF
- 7
- Only in Kotak Nifty Commodities Index
- 22
| Security | % of HDFC Nifty Metal ETF | % of Kotak Nifty Commodities Index |
|---|---|---|
| Tata Steel Ltd. | 17.29% | 7.38% |
| Hindalco Industries Ltd. | 15.42% | 6.58% |
| JSW Steel Ltd. | 13.65% | 5.82% |
| Vedanta Aluminium Metal Limited | 7.92% | 3.38% |
| Vedanta Ltd. | 5.16% | 2.20% |
| Jindal Steel Limited. | 4.76% | 2.03% |
| APL Apollo Tubes Ltd. | 4.51% | 1.92% |
| NMDC Limited | 2.99% | 1.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% 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 Metal ETF
| Security | % of fund |
|---|---|
| ADANI ENTERPRISES LIMTIED | 11.13% |
| National Aluminium Co. Ltd. | 3.46% |
| Hindustan Zinc Ltd. | 3.08% |
| Steel Authority Of India Ltd. | 2.97% |
| Lloyds Metals & Energy Ltd. | 2.92% |
Largest holdings only in Kotak Nifty Commodities Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD. | 9.92% |
| NTPC LTD | 7.40% |
| Ultratech Cement Ltd. | 6.26% |
| Grasim Industries Ltd. | 5.58% |
| Coal India Limited | 4.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | HDFC Nifty Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Large Cap | 78.4% | 85.5% |
| Mid Cap | 21.6% | 14.6% |
| 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 Metal ETF | Kotak Nifty Commodities Index |
|---|---|---|
| Ferrous Metals | 41.3% | 15.2% |
| Non - Ferrous Metals | 31.9% | 10.0% |
| Power | 0.0% | 22.5% |
| Petroleum Products | 0.0% | 16.9% |
| Cement and Cement Products | 0.0% | 14.4% |
| Metals & Minerals Trading | 11.1% | 0.0% |
| Minerals & Mining | 5.9% | 0.0% |
| Oil | 0.0% | 5.4% |
| Diversified Metals | 5.2% | 2.2% |
| Industrial Products | 4.5% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty Metal ETF vs Kotak Nifty Commodities Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty Metal ETF | Kotak Nifty Commodities Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.30% |
| Base expense ratio (Direct) | 0.00% | 0.17% |
| Total expense ratio (Regular) | Not available | 0.57% |
| Base expense ratio (Regular) | 0.30% | 0.40% |
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 Metal ETF vs Kotak Nifty Commodities Index Fund: Frequently Asked Questions
What is the difference between HDFC Nifty Metal ETF and Kotak Nifty Commodities Index Fund?
HDFC Nifty Metal ETF is a mutual fund, Kotak Nifty Commodities Index Fund is an Index fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 30.6%. HDFC Nifty Metal ETF charges 0.59% a year and Kotak Nifty Commodities Index Fund 0.30%.
Which has the lower expense ratio, HDFC Nifty Metal ETF or Kotak Nifty Commodities Index Fund?
Kotak Nifty Commodities Index Fund charges less: 0.30% a year against 0.59%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty Metal ETF and Kotak Nifty Commodities Index Fund overlap?
30.6%. They hold 8 of the same securities, the largest shared ones being TATASTEEL, HINDALCO, JSWSTEEL. From each fund's latest monthly portfolio.
Can I invest in both HDFC Nifty Metal ETF and Kotak Nifty Commodities Index Fund?
Yes. 30.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.