HDFC NIFTY100 Low Volatility 30 Index Fund vs Kotak NIFTY Alpha Low Volatility 30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY100 Low Volatility 30 Index Fund is an Index fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund. HDFC NIFTY100 Low Volatility 30 Index Fund charges 0.53% a year and Kotak NIFTY Alpha Low Volatility 30 Index Fund 1.00% (Direct plans). Their portfolios overlap 54.7%: they hold 17 of the same securities.
HDFC NIFTY100 Low Volatility 30 Index Fund
Index
- Expense ratio
- 0.53%
- NAV
- ₹9.89
Kotak NIFTY Alpha Low Volatility 30 Index Fund
Index
- Expense ratio
- 1.00%
- NAV
- ₹9.54
Which is better, HDFC NIFTY100 Low Volatility 30 Index or Kotak NIFTY Alpha Low Volatility 30 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 NIFTY100 Low Volatility 30 Index costs less: 0.53% a year against 1.00% (Direct plans).
- HDFC NIFTY100 Low Volatility 30 Index fell less in its worst fall since 22-06-2026: −12.1% against −12.4%.
- HDFC NIFTY100 Low Volatility 30 Index holds more in large companies: 96.9% of the fund in large caps against 84.3%.
- HDFC NIFTY100 Low Volatility 30 Index is the larger fund: ₹199 Cr against ₹7 Cr.
- Their portfolios overlap 54.7%: 17 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 NIFTY100 Low Volatility 30 Index Fund | Kotak NIFTY Alpha Low Volatility 30 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹199 Cr (30-09-2026) | ₹7 Cr (30-09-2026) |
| NAV | ₹9.89 (Direct) | ₹9.54 (Direct) |
| Expense ratio (Direct) | 0.53% | 1.00% |
| Expense ratio (Regular) | 0.98% | 1.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 Low Volatility 30 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 10-07-2024 | 17-06-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Satish Dondapati, Jeetu Valechha Sonar, Abhishek Bisen |
| Exit load | NIL | NIL |
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 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 NIFTY100 Low Volatility 30 Index Fund (Direct) | +1.27% | −7.34% | −2.63% | −7.90% | -- | -- | -- |
| Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | −1.06% | −8.63% | -- | -- | -- | -- | -- |
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 Index: Year-wise Returns
| Year | HDFC NIFTY100HDFC NIFTY100 Low Volatility 30 Index | Kotak NIFTY AlphaKotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| 2026to date | −9.40% | -- |
| 2025 | +10.90% | -- |
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 Index: Rolling Returns
Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of HDFC NIFTY100 Low Volatility 30 Index Fund
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 Index: 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 Index Fund (Direct) | Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.54% | −13.59% |
| Standard deviation | 11.68% | 10.46% |
| Sharpe ratio | -0.54 | -1.80 |
| Sortino ratio | -0.74 | -2.21 |
| Maximum drawdown | −18.2% (04-03-2025) | −12.4% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.49% | −0.50% |
From daily NAVs, 10-07-2024 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 NIFTY100 Low Volatility 30 Index Fund (Direct)
Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct)
Nifty100 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 Index Fund (Direct) | −12.1% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.9% |
| Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | −12.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| Nifty100 Low Volatility 30 TRI | −12.1% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.9% |
From daily values since 22-06-2026, the first day every fund has.
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY100 Low Volatility 30 Index Fund, September 2026; Kotak NIFTY Alpha Low Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 54.7%
- Held by both
- 17
- Only in HDFC NIFTY100 Low Volatility 30 Index
- 13
- Only in Kotak NIFTY Alpha Low Volatility 30 Index
- 13
| Security | % of HDFC NIFTY100 Low Volatility 30 Index | % of Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.81% | 3.93% |
| NTPC Limited | 3.79% | 4.11% |
| ICICI Bank Ltd. | 3.84% | 3.78% |
| Sun Pharmaceutical Industries Ltd. | 3.74% | 3.61% |
| SBI Life Insurance Company Ltd. | 3.62% | 3.54% |
| Nestle India Ltd. | 3.53% | 3.72% |
| Torrent Pharmaceuticals Ltd. | 3.37% | 4.73% |
| Bharti Airtel Ltd. | 3.65% | 3.33% |
| Bajaj Auto Limited | 3.13% | 4.01% |
| State Bank of India | 3.08% | 3.15% |
| Titan Company Ltd. | 3.01% | 3.27% |
| Pidilite Industries Ltd. | 2.97% | 3.06% |
| Britannia Industries Ltd. | 3.67% | 2.91% |
| Reliance Industries Ltd. | 3.47% | 2.82% |
| UltraTech Cement Limited | 3.16% | 2.75% |
| Asian Paints Limited | 3.04% | 2.72% |
| Maruti Suzuki India Limited | 3.16% | 2.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.7% means 54.7% 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 Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 3.63% |
| ITC LIMITED | 3.50% |
| Cipla Ltd. | 3.42% |
| HDFC Bank Ltd. | 3.39% |
| The Tata Power Company Ltd. | 3.39% |
Largest holdings only in Kotak NIFTY Alpha Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| MARICO LTD. | 3.99% |
| Hindalco Industries Ltd. | 3.81% |
| JSW Steel Ltd. | 3.62% |
| Grasim Industries Ltd. | 3.61% |
| FEDERAL BANK LTD. | 3.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY100 Low Volatility 30 Index | Kotak NIFTY Alpha Low Volatility 30 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 NIFTY100 Low Volatility 30 Index | Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Large Cap | 96.9% | 84.3% |
| Mid Cap | 3.0% | 15.8% |
| 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 Index | Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Pharmaceuticals and Biotechnology | 0.0% | 14.4% |
| Banks | 13.9% | 10.5% |
| Pharmaceuticals & Biotechnology | 13.6% | 0.0% |
| Automobiles | 6.3% | 12.8% |
| Power | 10.5% | 4.1% |
| Food Products | 7.2% | 6.6% |
| Insurance | 6.9% | 5.7% |
| Diversified FMCG | 6.9% | 0.0% |
| Agricultural Food and other Product | 0.0% | 6.5% |
| Cement and Cement Products | 0.0% | 6.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY100 Low Volatility 30 Index vs Kotak NIFTY Alpha Low Volatility 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY100 Low Volatility 30 Index Fund | Kotak NIFTY Alpha Low Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.53% | 1.00% |
| Base expense ratio (Direct) | 0.34% | 0.20% |
| Total expense ratio (Regular) | 0.98% | 1.58% |
| Base expense ratio (Regular) | 0.73% | 0.69% |
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 Index Fund vs Kotak NIFTY Alpha Low Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY100 Low Volatility 30 Index Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
HDFC NIFTY100 Low Volatility 30 Index Fund is an Index fund, Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 54.7%. HDFC NIFTY100 Low Volatility 30 Index Fund charges 0.53% a year and Kotak NIFTY Alpha Low Volatility 30 Index Fund 1.00%.
Which has the lower expense ratio, HDFC NIFTY100 Low Volatility 30 Index Fund or Kotak NIFTY Alpha Low Volatility 30 Index Fund?
HDFC NIFTY100 Low Volatility 30 Index Fund charges less: 0.53% a year against 1.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY100 Low Volatility 30 Index Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund overlap?
54.7%. They hold 17 of the same securities, the largest shared ones being APOLLOHOSP, NTPC, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY100 Low Volatility 30 Index Fund or Kotak NIFTY Alpha Low Volatility 30 Index Fund?
On SEBI's riskometer, HDFC NIFTY100 Low Volatility 30 Index Fund is rated Very High and Kotak NIFTY Alpha Low Volatility 30 Index Fund Very High. Over their common history, the standard deviation of daily returns was 11.68% and 10.46% a year.
Can I invest in both HDFC NIFTY100 Low Volatility 30 Index Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
Yes. 54.7% 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 Index Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
HDFC NIFTY100 Low Volatility 30 Index Fund: Nandita Menezes, Arun Agarwal. Kotak NIFTY Alpha Low Volatility 30 Index Fund: Satish Dondapati, Jeetu Valechha Sonar, 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.