HDFC Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

HDFC Nifty100 Low Volatility 30 ETF is an ETF fund and Kotak Nifty 100 Low Volatility 30 ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC Nifty100 Low Volatility 30 ETF returned 9.6% a year and Kotak Nifty 100 Low Volatility 30 ETF returned 9.8% a year. HDFC Nifty100 Low Volatility 30 ETF charges 0.35% a year and Kotak Nifty 100 Low Volatility 30 ETF 0.25%. Their portfolios overlap 99.9%: they hold 30 of the same securities.

HDFC Nifty100 Low Volatility 30 ETF

ETF

3 year return: 9.6%
Expense ratio: 0.35%
NAV: ₹19.56

See HDFC Nifty100 Low Volatility 30 ETF

Kotak Nifty 100 Low Volatility 30 ETF

ETF

3 year return: 9.8%
Expense ratio: 0.25%
NAV: ₹20.03

See Kotak Nifty 100 Low Volatility 30 ETF

Which is better, HDFC Nifty100 Low Volatility 30 ETF or Kotak Nifty 100 Low Volatility 30 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 Low Volatility 30 ETF returned more over 3 years: 9.8% a year against 9.6%.
Kotak Nifty 100 Low Volatility 30 ETF returned more over 1 year: −7.5% against −7.8%.
Kotak Nifty 100 Low Volatility 30 ETF costs less: 0.25% a year against 0.35%.
Kotak Nifty 100 Low Volatility 30 ETF swung less over 3 years: a standard deviation of 11.6% a year against 11.6%.
Kotak Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 11-10-2022: −18.1% against −18.2%.
Kotak Nifty 100 Low Volatility 30 ETF is the larger fund: ₹287 Cr against ₹12 Cr.
Their portfolios overlap 99.9%: 30 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

HDFC Nifty100 Low Volatility 30 ETF
+55.2%
Kotak Nifty 100 Low Volatility 30 ETF
+55.8%

Change in NAV from 11-10-2022 to 30-10-2026

0%+20%+40%+60%+80%

Key facts

From each fund's scheme summary document and AMFI

Fact	HDFC Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Fund house	HDFC Mutual Fund	Kotak Mahindra Mutual Fund
Category	ETF	ETF
AUM	₹12 Cr (30-09-2026)	₹287 Cr (30-09-2026)
NAV	₹19.56	₹20.03
Expense ratio (Direct)	Not available	Not available
Expense ratio (Regular)	Not available	Not available
Riskometer	Very High	Very High
Benchmark	Nifty 100 Low Volatility 30 TRI	Nifty 100 Low Volatility 30 TRI
Launch date	11-10-2022	23-03-2022
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 (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 Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 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 Nifty100 Low Volatility 30 ETF	+1.27%	−7.36%	−2.62%	−7.82%	+9.56%	--	--
Kotak Nifty 100 Low Volatility 30 ETF	+1.29%	−7.31%	−2.42%	−7.52%	+9.80%	--	--

HDFC Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Year-wise Returns

Year	HDFC Nifty100HDFC Nifty100 Low Volatility 30 ETF	Kotak Nifty 100Kotak Nifty 100 Low Volatility 30 ETF	Nifty100 Low Volatility 30 TRI
2026to date	−9.34%	−9.09%	−9.07%
2025	+11.08%	+11.29%	+11.45%
2024	+11.94%	+12.14%	+12.38%
2023	+31.33%	+31.52%	+31.87%

HDFC Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Rolling Returns

Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of both

Rolling returns

Every 3-year holding period, 258 of them, one for each trading day from 13-10-2025 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.

0%5%10%15%20%

Nov 2022
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026

HDFC Nifty100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETFNifty100 Low Volatility 30 TRI

How the periods spread

Fund	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
HDFC Nifty100 Low Volatility 30 ETF	13.2	43.8	43.0	14.0%	14.2%	7.9%	18.5%	0%
Kotak Nifty 100 Low Volatility 30 ETF	12.8	41.5	45.7	14.2%	14.4%	8.1%	18.7%	0%
Nifty100 Low Volatility 30 TRI	12.0	40.7	47.3	14.4%	14.6%	8.3%	18.9%	--

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 Nifty100 Low Volatility 30 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 11-10-2022. Past returns do not promise future returns.

HDFC Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 11-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.

Investment	Invested	Value now	Gain	Return a year
HDFC Nifty100 Low Volatility 30 ETFHDFC Nifty100 Low Volatility 30 ETF	₹4,90,000	₹5,47,498	₹57,498	5.4%
Kotak Nifty 100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETF	₹4,90,000	₹5,50,349	₹60,349	5.6%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

HDFC Nifty100 Low Volatility 30 ETFHDFC Nifty100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETFAmount 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 Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	HDFC Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Return (CAGR)	−7.82%	−7.52%
Standard deviation	12.45%	12.46%
Sharpe ratio	-1.05	-1.02
Sortino ratio	-1.37	-1.34
Maximum drawdown	−14.3% (31-03-2026)	−14.2% (30-03-2026)
Beta	1.00	1.00
Alpha	−0.34%	−0.03%

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 Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Return (CAGR)	+9.56%	+9.80%
Standard deviation	11.60%	11.60%
Sharpe ratio	0.30	0.33
Sortino ratio	0.43	0.46
Maximum drawdown	−18.2% (04-03-2025)	−18.1% (04-03-2025)
Beta	1.00	1.00
Alpha	−0.40%	−0.16%

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 Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Return (CAGR)	+11.46%	+10.70%
Standard deviation	10.87%	11.37%
Sharpe ratio	0.49	0.41
Sortino ratio	0.69	0.58
Maximum drawdown	−18.2% (04-03-2025)	−18.1% (04-03-2025)
Beta	1.00	1.00
Alpha	−0.43%	−0.17%

From daily NAVs, 11-10-2022 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.

−20%−15%−10%−5%0%

2023202420252026

HDFC Nifty100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETFNifty100 Low Volatility 30 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HDFC Nifty100 Low Volatility 30 ETF	−18.2%	27-09-2024	04-03-2025	Not yet	--	−10.8%
Kotak Nifty 100 Low Volatility 30 ETF	−18.1%	27-09-2024	04-03-2025	Not yet	--	−10.4%
Nifty100 Low Volatility 30 TRI	−18.1%	27-09-2024	04-03-2025	Not yet	--	−10.2%

From daily values since 11-10-2022, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

0%2%4%6%8%10%12%

2026

HDFC Nifty100 Low Volatility 30 ETFKotak Nifty 100 Low Volatility 30 ETFNifty100 Low Volatility 30 TRI

Against Nifty100 Low Volatility 30 TRI

Fund	Up capture	Down capture	Tracking error
HDFC Nifty100 Low Volatility 30 ETF	99%	101%	0.05%
Kotak Nifty 100 Low Volatility 30 ETF	99%	100%	0.07%

From month-end values since 11-10-2022. 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 Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: HDFC Nifty100 Low Volatility 30 ETF, September 2026; Kotak Nifty 100 Low Volatility 30 ETF, September 2026

Holdings in common

Overlap: 99.9%
Held by both: 30
Only in HDFC Nifty100 Low Volatility 30 ETF: 0
Only in Kotak Nifty 100 Low Volatility 30 ETF: 0

Security	% of HDFC Nifty100 Low Volatility 30 ETF	% of Kotak Nifty 100 Low Volatility 30 ETF
ICICI Bank Ltd.	3.84%	3.84%
Sun Pharmaceutical Industries Ltd.	3.82%	3.82%
Apollo Hospitals Enterprise Ltd.	3.81%	3.81%
NTPC Limited	3.79%	3.79%
Britannia Industries Ltd.	3.68%	3.68%
Bharti Airtel Ltd.	3.65%	3.65%
SBI Life Insurance Company Ltd.	3.62%	3.62%
Kotak Mahindra Bank Limited	3.63%	3.61%
Nestle India Ltd.	3.52%	3.53%
ITC LIMITED	3.50%	3.50%
Reliance Industries Ltd.	3.47%	3.47%
Cipla Ltd.	3.42%	3.42%
The Tata Power Company Ltd.	3.42%	3.42%
HDFC Bank Ltd.	3.39%	3.39%
Power Grid Corporation of India Ltd.	3.39%	3.39%
Hindustan Unilever Ltd.	3.37%	3.37%
Torrent Pharmaceuticals Ltd.	3.32%	3.32%
HDFC Life Insurance Company Limited	3.27%	3.27%
Dr Reddys Laboratories Ltd.	3.23%	3.23%
Maruti Suzuki India Limited	3.16%	3.17%
UltraTech Cement Limited	3.16%	3.15%
Bajaj Auto Limited	3.12%	3.12%
State Bank of India	3.08%	3.08%
Asian Paints Limited	3.04%	3.04%
Bajaj Finserv Ltd.	3.02%	3.02%
Titan Company Ltd.	3.01%	3.01%
Pidilite Industries Ltd.	2.97%	2.97%
Larsen and Toubro Ltd.	2.86%	2.86%
Wipro Ltd.	2.82%	2.82%
Tata Consultancy Services Ltd.	2.58%	2.59%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Nifty100 Low Volatility 30 ETF

Every holding of this fund is also held by the other.

Largest holdings only in Kotak Nifty 100 Low Volatility 30 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 Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 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 Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Large Cap	96.7%	96.7%
Mid Cap	3.2%	3.2%
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 Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Banks	13.9%	13.9%
Pharmaceuticals & Biotechnology	13.8%	0.0%
Pharmaceuticals and Biotechnology	0.0%	13.8%
Power	10.6%	10.6%
Food Products	7.2%	7.2%
Insurance	6.9%	6.9%
Diversified FMCG	6.9%	6.9%

The six largest sectors of each fund's stocks, % of the fund.

HDFC Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	HDFC Nifty100 Low Volatility 30 ETF	Kotak Nifty 100 Low Volatility 30 ETF
Base expense ratio (Direct)	0.00%	0.00%
Base expense ratio (Regular)	0.25%	0.11%

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 Nifty100 Low Volatility 30 ETF vs Kotak Nifty 100 Low Volatility 30 ETF: Frequently Asked Questions

What is the difference between HDFC Nifty100 Low Volatility 30 ETF and Kotak Nifty 100 Low Volatility 30 ETF?

HDFC Nifty100 Low Volatility 30 ETF is an ETF fund, Kotak Nifty 100 Low Volatility 30 ETF is an ETF fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.9%. HDFC Nifty100 Low Volatility 30 ETF charges 0.35% a year and Kotak Nifty 100 Low Volatility 30 ETF 0.25%.

Which has given higher returns, HDFC Nifty100 Low Volatility 30 ETF or Kotak Nifty 100 Low Volatility 30 ETF?

Over 1 year: HDFC Nifty100 Low Volatility 30 ETF −7.82%, Kotak Nifty 100 Low Volatility 30 ETF −7.52%. Over 3 years: HDFC Nifty100 Low Volatility 30 ETF +9.56% a year, Kotak Nifty 100 Low Volatility 30 ETF +9.80% a year. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, HDFC Nifty100 Low Volatility 30 ETF or Kotak Nifty 100 Low Volatility 30 ETF?

Kotak Nifty 100 Low Volatility 30 ETF charges less: 0.25% a year against 0.35%. These are the total expense ratios reported to AMFI.

How much do HDFC Nifty100 Low Volatility 30 ETF and Kotak Nifty 100 Low Volatility 30 ETF overlap?

99.9%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, SUNPHARMA, APOLLOHOSP. From each fund's latest monthly portfolio.

Which is riskier, HDFC Nifty100 Low Volatility 30 ETF or Kotak Nifty 100 Low Volatility 30 ETF?

On SEBI's riskometer, HDFC Nifty100 Low Volatility 30 ETF is rated Very High and Kotak Nifty 100 Low Volatility 30 ETF Very High. Over 3 years, the standard deviation of daily returns was 11.60% and 11.60% a year.

Which is better for SIP, HDFC Nifty100 Low Volatility 30 ETF or Kotak Nifty 100 Low Volatility 30 ETF?

Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,75,360 in HDFC Nifty100 Low Volatility 30 ETF (XIRR 0.9% a year) and ₹3,76,937 in Kotak Nifty 100 Low Volatility 30 ETF (XIRR 1.2% a year). Both received 37 instalments. Past returns do not promise future returns.

Can I invest in both HDFC Nifty100 Low Volatility 30 ETF and Kotak Nifty 100 Low Volatility 30 ETF?

Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Who manages HDFC Nifty100 Low Volatility 30 ETF and Kotak Nifty 100 Low Volatility 30 ETF?

HDFC Nifty100 Low Volatility 30 ETF: Abhishek Mor, Arun Agarwal. Kotak Nifty 100 Low Volatility 30 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.