Kotak BSE PSU Index Fund vs Nippon India ETF Nifty Dividend Opportunities 50
Direct Plan, Growth option · Data as on 30-10-2026
Kotak BSE PSU Index Fund is an Index fund and Nippon India ETF Nifty Dividend Opportunities 50 is a mutual fund. In the year to 30-10-2026, Kotak BSE PSU Index Fund (Direct) returned −5.8% and Nippon India ETF Nifty Dividend Opportunities 50 (Direct) returned −8.1%. Kotak BSE PSU Index Fund charges 0.47% a year and Nippon India ETF Nifty Dividend Opportunities 50 0.39% (Direct plans). Their portfolios overlap 40.1%: they hold 25 of the same securities.
Kotak BSE PSU Index Fund
Index
- 1 year return
- −5.8%
- Expense ratio
- 0.47%
- NAV
- ₹8.70
Nippon India ETF Nifty Dividend Opportunities 50
- 1 year return
- −8.1%
- Expense ratio
- 0.39%
- NAV
- ₹74.03
Which is better, Kotak BSE PSU Index or Nippon India ETF Nifty Dividend Opportunities 50? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak BSE PSU Index returned more over 1 year: −5.8% against −8.1%.
- Nippon India ETF Nifty Dividend Opportunities 50 costs less: 0.39% a year against 0.47% (Direct plans).
- Nippon India ETF Nifty Dividend Opportunities 50 fell less in its worst fall since 05-08-2024: −21.1% against −26.8%.
- Kotak BSE PSU Index is the larger fund: ₹76 Cr against ₹67 Cr.
- Their portfolios overlap 40.1%: 25 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 | Kotak BSE PSU Index Fund | Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹76 Cr (30-09-2026) | ₹67 Cr (30-09-2026) |
| NAV | ₹8.70 (Direct) | ₹74.03 (Direct) |
| Expense ratio (Direct) | 0.47% | 0.39% |
| Expense ratio (Regular) | 1.12% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE PSU TRI | Not available |
| Launch date | 31-07-2024 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Not available |
| Exit load | Nil | Not available |
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: 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 |
|---|---|---|---|---|---|---|---|
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
| Nippon India ETF Nifty Dividend Opportunities 50 (Direct) | +2.24% | −5.74% | −6.96% | −8.14% | +9.18% | +10.80% | +12.46% |
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: Year-wise Returns
| Year | Kotak BSE PSU IndexKotak BSE PSU Index | Nippon India ETF Nifty Dividend Opportunities 50Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| 2026to date | −6.53% | −11.36% |
| 2025 | +11.59% | +3.70% |
| 2024 | -- | +18.32% |
| 2023 | -- | +43.48% |
| 2022 | -- | +4.61% |
| 2021 | -- | +33.45% |
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of Kotak BSE PSU Index Fund
Rolling returns
Every 1-year holding period, 303 of them, one for each trading day from 05-08-2025 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.
Kotak BSE PSU Index Fund (Direct)
Nippon India ETF Nifty Dividend Opportunities 50 (Direct)
BSE PSU TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak BSE PSU Index | 24.4 | 10.2 | 20.8 | 20.5 | 7.3 | 7.3 | 9.6 | 8.9% | 8.4% | −14.4% | 42.0% | 0% |
| Nippon India ETF Nifty Dividend Opportunities 50 | 56.9 | 22.0 | 15.1 | 5.6 | 0.3 | 0.0 | 0.0 | −0.9% | −1.2% | −13.9% | 15.6% | 3% |
| BSE PSU TRI | 23.4 | 10.2 | 20.1 | 21.5 | 5.9 | 8.9 | 9.9 | 9.4% | 8.9% | −14.0% | 42.6% | -- |
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 BSE PSU 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 05-08-2024. Past returns do not promise future returns.
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: 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
₹10,000 on the first trading day of every month, from 05-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct) | ₹2,70,000 | ₹2,63,507 | −₹6,493 | −2.1% |
| Nippon India ETF Nifty Dividend Opportunities 50Nippon India ETF Nifty Dividend Opportunities 50 (Direct) | ₹2,70,000 | ₹2,52,519 | −₹17,481 | −5.7% |
Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct)
Nippon India ETF Nifty Dividend Opportunities 50Nippon India ETF Nifty Dividend Opportunities 50 (Direct)
Amount 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.
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak BSE PSU Index Fund (Direct) | Nippon India ETF Nifty Dividend Opportunities 50 (Direct) |
|---|---|---|
| Return (CAGR) | −5.83% | −8.14% |
| Standard deviation | 16.20% | 13.74% |
| Sharpe ratio | -0.68 | -0.97 |
| Sortino ratio | -0.89 | -1.28 |
| Maximum drawdown | −16.4% (23-10-2026) | −16.9% (08-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.44% | −0.39% |
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 | Kotak BSE PSU Index Fund (Direct) | Nippon India ETF Nifty Dividend Opportunities 50 (Direct) |
|---|---|---|
| Return (CAGR) | −3.44% | +12.26% |
| Standard deviation | 18.50% | 15.33% |
| Sharpe ratio | -0.50 | 0.42 |
| Sortino ratio | -0.66 | 0.58 |
| Maximum drawdown | −26.8% (28-02-2025) | −35.0% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.47% | -- |
From daily NAVs, 05-08-2024 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.
Kotak BSE PSU Index Fund (Direct)
Nippon India ETF Nifty Dividend Opportunities 50 (Direct)
BSE PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak BSE PSU Index Fund (Direct) | −26.8% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −15.0% |
| Nippon India ETF Nifty Dividend Opportunities 50 (Direct) | −21.1% | 27-09-2024 | 08-10-2026 | Not yet | -- | −17.0% |
| BSE PSU TRI | −26.7% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −14.8% |
From daily values since 05-08-2024, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak BSE PSU Index Fund (Direct)
Nippon India ETF Nifty Dividend Opportunities 50 (Direct)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak BSE PSU Index Fund (Direct) | 99% | 101% | 0.06% |
| Nippon India ETF Nifty Dividend Opportunities 50 (Direct) | 46% | 66% | 11.59% |
From month-end values since 05-08-2024. 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.
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak BSE PSU Index Fund, September 2026; Nippon India ETF Nifty Dividend Opportunities 50, September 2026
Holdings in common
- Overlap
- 40.1%
- Held by both
- 25
- Only in Kotak BSE PSU Index
- 36
- Only in Nippon India ETF Nifty Dividend Opportunities 50
- 25
| Security | % of Kotak BSE PSU Index | % of Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| STATE BANK OF INDIA. | 19.12% | 9.99% |
| NTPC LTD | 7.33% | 4.15% |
| Power Grid Corporation of India Ltd. | 5.69% | 3.19% |
| Coal India Limited | 4.89% | 2.76% |
| Oil And Natural Gas Corporation Ltd. | 4.20% | 2.37% |
| BHARAT PETROLEUM CORPORATION LTD. | 2.83% | 1.65% |
| INDIAN OIL CORPORATION LTD. | 2.36% | 1.36% |
| Power Finance Corporation Ltd. | 2.27% | 1.28% |
| GAIL (India) Ltd. | 2.20% | 1.24% |
| BANK OF BARODA | 2.06% | 1.16% |
| CANARA BANK | 1.92% | 1.09% |
| PUNJAB NATIONAL BANK | 1.87% | 1.05% |
| REC LTD | 1.78% | 1.01% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 1.61% | 0.91% |
| UNION BANK OF INDIA | 1.56% | 0.89% |
| National Aluminium Company Ltd. | 1.48% | 0.83% |
| INDIAN BANK | 1.35% | 0.77% |
| NHPC Ltd. | 1.30% | 0.74% |
| NMDC Ltd. | 1.26% | 0.72% |
| Steel Authority of India Ltd. | 1.26% | 0.71% |
| Oil India Limited | 1.15% | 0.66% |
| INDIAN RAILWAY FINANCE CORPORATION LTD. | 0.84% | 0.48% |
| BANK OF MAHARASHTRA | 0.76% | 0.44% |
| BANK OF INDIA | 0.77% | 0.43% |
| HOUSING & URBAN DEVELOPMENT CORPORATION LTD. | 0.40% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.1% means 40.1% 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 Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| Bharat Electronics Ltd. | 6.69% |
| Hindustan Aeronautics Ltd. | 4.18% |
| Bharat Heavy Electricals Ltd. | 2.91% |
| Life Insurance Corporation Of India | 2.63% |
| MAZAGOAN DOCK SHIPBUILDERS LTD. | 0.77% |
Largest holdings only in Nippon India ETF Nifty Dividend Opportunities 50
| Security | % of fund |
|---|---|
| Infosys Limited | 9.50% |
| ITC Limited | 6.85% |
| Tata Consultancy Services Limited | 5.67% |
| Hindustan Unilever Limited | 4.51% |
| Tata Steel Limited | 4.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak BSE PSU Index | Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | Kotak BSE PSU Index | Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| Large Cap | 76.9% | 85.8% |
| Mid Cap | 18.5% | 13.0% |
| Small Cap | 4.5% | 1.1% |
| Not on AMFI's list | 0.1% | 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 | Kotak BSE PSU Index | Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| Banks | 30.3% | 15.8% |
| IT - Software | 0.0% | 23.9% |
| Power | 15.4% | 8.1% |
| Aerospace and Defense | 11.7% | 0.0% |
| Diversified FMCG | 0.0% | 11.4% |
| Finance | 5.9% | 7.3% |
| Petroleum Products | 7.3% | 3.9% |
| Oil | 5.3% | 3.0% |
| Automobiles | 0.0% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak BSE PSU Index vs Nippon India ETF Nifty Dividend Opportunities 50: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak BSE PSU Index Fund | Nippon India ETF Nifty Dividend Opportunities 50 |
|---|---|---|
| Total expense ratio (Direct) | 0.47% | 0.39% |
| Base expense ratio (Direct) | 0.33% | 0.31% |
| Total expense ratio (Regular) | 1.12% | Not available |
| Base expense ratio (Regular) | 0.88% | 0.00% |
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.
Kotak BSE PSU Index Fund vs Nippon India ETF Nifty Dividend Opportunities 50: Frequently Asked Questions
What is the difference between Kotak BSE PSU Index Fund and Nippon India ETF Nifty Dividend Opportunities 50?
Kotak BSE PSU Index Fund is an Index fund, Nippon India ETF Nifty Dividend Opportunities 50 is a mutual fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 40.1%. Kotak BSE PSU Index Fund charges 0.47% a year and Nippon India ETF Nifty Dividend Opportunities 50 0.39%.
Which has given higher returns, Kotak BSE PSU Index Fund or Nippon India ETF Nifty Dividend Opportunities 50?
Over 1 year: Kotak BSE PSU Index Fund −5.83%, Nippon India ETF Nifty Dividend Opportunities 50 −8.14%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak BSE PSU Index Fund or Nippon India ETF Nifty Dividend Opportunities 50?
Nippon India ETF Nifty Dividend Opportunities 50 charges less: 0.39% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak BSE PSU Index Fund and Nippon India ETF Nifty Dividend Opportunities 50 overlap?
40.1%. They hold 25 of the same securities, the largest shared ones being SBIN, NTPC, POWERGRID. From each fund's latest monthly portfolio.
Can I invest in both Kotak BSE PSU Index Fund and Nippon India ETF Nifty Dividend Opportunities 50?
Yes. 40.1% 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.