HSBC NIFTY Next 50 Index Fund vs Kotak Nifty Next 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HSBC NIFTY Next 50 Index Fund is a mutual fund and Kotak Nifty Next 50 ETF is an ETF fund. HSBC NIFTY Next 50 Index Fund charges 0.46% a year and Kotak Nifty Next 50 ETF 0.17%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
Which is better, HSBC NIFTY Next 50 Index or Kotak Nifty Next 50 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 Next 50 ETF costs less: 0.17% a year against 0.46%.
- Kotak Nifty Next 50 ETF fell less in its worst fall since 13-01-2026: −14.3% against −14.4%.
- HSBC NIFTY Next 50 Index is the larger fund: ₹184 Cr against ₹21 Cr.
- Their portfolios overlap 99.9%: 50 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 | HSBC NIFTY Next 50 Index Fund | Kotak Nifty Next 50 ETF |
|---|---|---|
| Fund house | HSBC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Not available | ETF |
| AUM | ₹184 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹29.75 (Direct) | ₹68.31 |
| Expense ratio (Direct) | 0.46% | Not available |
| Expense ratio (Regular) | 0.81% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Next 50 TRI |
| Launch date | Not available | 07-01-2026 |
| Minimum investment | Not available | 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 | Not available | None |
| Fund managers | Not available | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Not available | NIL |
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 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 |
|---|---|---|---|---|---|---|---|
| HSBC NIFTY Next 50 Index Fund (Direct) | −2.87% | −6.66% | −2.36% | −3.09% | +15.80% | -- | -- |
| Kotak Nifty Next 50 ETF | −2.86% | −6.61% | −2.40% | -- | -- | -- | -- |
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 ETF: Year-wise Returns
| Year | HSBC NIFTY Next 50 IndexHSBC NIFTY Next 50 Index | Kotak Nifty Next 50 ETFKotak Nifty Next 50 ETF | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | −2.08% | -- | −1.53% |
| 2025 | +2.35% | -- | +2.90% |
| 2024 | +27.45% | -- | +28.37% |
| 2023 | +26.70% | -- | +27.24% |
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC NIFTY Next 50 Index Fund (Direct) | Kotak Nifty Next 50 ETF |
|---|---|---|
| Return (CAGR) | +12.54% | −0.58% |
| Standard deviation | 17.16% | 18.74% |
| Sharpe ratio | 0.37 | -0.31 |
| Sortino ratio | 0.49 | -0.42 |
| Maximum drawdown | −26.6% (28-02-2025) | −14.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.66% | −0.20% |
From daily NAVs, 28-11-2022 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.
HSBC NIFTY Next 50 Index Fund (Direct)
Kotak Nifty Next 50 ETF
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC NIFTY Next 50 Index Fund (Direct) | −14.4% | 26-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −9.3% |
| Kotak Nifty Next 50 ETF | −14.3% | 26-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −9.3% |
| Nifty Next 50 TRI | −14.4% | 26-02-2026 | 30-03-2026 | 21-04-2026 | 22 days | −9.3% |
From daily values since 13-01-2026, the first day every fund has.
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC NIFTY Next 50 Index Fund, September 2026; Kotak Nifty Next 50 ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in HSBC NIFTY Next 50 Index
- 0
- Only in Kotak Nifty Next 50 ETF
- 0
| Security | % of HSBC NIFTY Next 50 Index | % of Kotak Nifty Next 50 ETF |
|---|---|---|
| Divi''s Laboratories Limited | 4.83% | 4.83% |
| TVS Motor Company Limited | 3.95% | 3.95% |
| Hindustan Aeronautics Limited | 3.62% | 3.62% |
| Tata Motors Limited | 3.61% | 3.61% |
| Adani Power Limited | 3.47% | 3.47% |
| Samvardhana Motherson International Ltd | 2.95% | 2.95% |
| Torrent Pharmaceuticals Limited | 2.89% | 2.89% |
| Cholamandalam Invest & Finance Co Ltd | 2.88% | 2.88% |
| Vedanta Aluminium Metal Limited | 2.87% | 2.86% |
| Cummins India Limited | 2.63% | 2.63% |
| Avenue Supermarts Limited | 2.51% | 2.51% |
| Bharat Petroleum Corporation Limited | 2.49% | 2.49% |
| The Tata Power Company Limited | 2.47% | 2.47% |
| Varun Beverages Limited | 2.42% | 2.42% |
| CG Power And Industrial Solutions Ltd | 2.40% | 2.40% |
| Britannia Industries Limited | 2.33% | 2.33% |
| Indian Oil Corporation Limited | 2.06% | 2.06% |
| Solar Industries India Limited | 1.96% | 1.96% |
| Power Finance Corporation Limited | 1.94% | 1.94% |
| Bajaj Holdings & Investment.Ltd | 1.91% | 1.91% |
| HDFC Asset Management Company Limited | 1.91% | 1.91% |
| GAIL (India) Limited | 1.88% | 1.88% |
| Vedanta Limited | 1.87% | 1.87% |
| Pidilite Industries Limited | 1.86% | 1.86% |
| DLF Limited | 1.77% | 1.77% |
| Wipro Limited | 1.76% | 1.76% |
| Adani Energy Solutions Limited | 1.76% | 1.76% |
| Polycab India Limited | 1.76% | 1.75% |
| Adani Green Energy Limited | 1.75% | 1.75% |
| Bank of Baroda | 1.75% | 1.75% |
| Jindal Steel Limited | 1.72% | 1.72% |
| Bosch Limited | 1.67% | 1.67% |
| Canara Bank | 1.64% | 1.64% |
| Hitachi Energy India Limited | 1.60% | 1.61% |
| Punjab National Bank | 1.59% | 1.59% |
| LTM Limited | 1.54% | 1.54% |
| Vodafone Idea Limited | 1.46% | 1.46% |
| ABB India Limited | 1.46% | 1.45% |
| Godrej Consumer Products Limited | 1.40% | 1.40% |
| Union Bank of India | 1.35% | 1.35% |
| Siemens Limited | 1.35% | 1.35% |
| Muthoot Finance Limited | 1.20% | 1.20% |
| Zydus Lifesciences Limited | 1.18% | 1.18% |
| Hyundai Motor India Limited | 1.18% | 1.18% |
| Siemens Energy India Limited | 1.16% | 1.16% |
| Hindustan Zinc Limited | 1.11% | 1.11% |
| Ambuja Cements Limited | 0.95% | 0.95% |
| Tata Capital Ltd | 0.74% | 0.74% |
| Indian Railway Finance Corporation Ltd | 0.73% | 0.73% |
| Mazagon Dock Shipbuilders Limited | 0.66% | 0.66% |
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 HSBC NIFTY Next 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Next 50 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 | HSBC NIFTY Next 50 Index | Kotak Nifty Next 50 ETF |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | HSBC NIFTY Next 50 Index | Kotak Nifty Next 50 ETF |
|---|---|---|
| Large Cap | 95.3% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| 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 | HSBC NIFTY Next 50 Index | Kotak Nifty Next 50 ETF |
|---|---|---|
| Power | 9.4% | 9.4% |
| Finance | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.9% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.3% | 6.3% |
| Automobiles | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC NIFTY Next 50 Index vs Kotak Nifty Next 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC NIFTY Next 50 Index Fund | Kotak Nifty Next 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | Not available |
| Base expense ratio (Direct) | 0.28% | 0.00% |
| Total expense ratio (Regular) | 0.81% | Not available |
| Base expense ratio (Regular) | 0.58% | 0.06% |
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.
HSBC NIFTY Next 50 Index Fund vs Kotak Nifty Next 50 ETF: Frequently Asked Questions
What is the difference between HSBC NIFTY Next 50 Index Fund and Kotak Nifty Next 50 ETF?
HSBC NIFTY Next 50 Index Fund is a mutual fund, Kotak Nifty Next 50 ETF is an ETF fund, run by HSBC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.9%. HSBC NIFTY Next 50 Index Fund charges 0.46% a year and Kotak Nifty Next 50 ETF 0.17%.
Which has the lower expense ratio, HSBC NIFTY Next 50 Index Fund or Kotak Nifty Next 50 ETF?
Kotak Nifty Next 50 ETF charges less: 0.17% a year against 0.46%. These are the total expense ratios reported to AMFI.
How much do HSBC NIFTY Next 50 Index Fund and Kotak Nifty Next 50 ETF overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Can I invest in both HSBC NIFTY Next 50 Index Fund and Kotak Nifty Next 50 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.
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.