Kotak BSE Sensex Index Fund vs Kotak Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak BSE Sensex Index Fund is an Index fund and Kotak Services Fund is a Thematic fund. Kotak BSE Sensex Index Fund charges 0.31% a year and Kotak Services Fund 1.25% (Direct plans). Their portfolios overlap 46.3%: they hold 13 of the same securities.
Which is better, Kotak BSE Sensex Index or Kotak Services? 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 Sensex Index costs less: 0.31% a year against 1.25% (Direct plans).
- Kotak Services fell less in its worst fall since 02-03-2026: −7.1% against −10.3%.
- Kotak BSE Sensex Index holds more in large companies: 100.0% of the fund in large caps against 70.5%.
- Kotak Services is the larger fund: ₹711 Cr against ₹25 Cr.
- Their portfolios overlap 46.3%: 13 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 Sensex Index Fund | Kotak Services Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹25 Cr (30-09-2026) | ₹711 Cr (30-09-2026) |
| NAV | ₹9.96 (Direct) | ₹10.19 (Direct) |
| Expense ratio (Direct) | 0.31% | 1.25% |
| Expense ratio (Regular) | 0.48% | 2.61% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty Services Sector TRI |
| Launch date | 17-02-2025 | 25-02-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Rohit Tandon, Abhishek Bisen |
| Exit load | Nil | Exit load of 0.5%, if redeemed within 90 days. |
Kotak BSE Sensex Index vs Kotak Services: 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 Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.52% | −11.20% | -- | -- | -- |
| Kotak Services Fund (Direct) | +1.21% | −2.92% | +0.36% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak BSE Sensex Index vs Kotak Services: Year-wise Returns
| Year | BSE Sensex IndexKotak BSE Sensex Index | ServicesKotak Services |
|---|---|---|
| 2026to date | −12.07% | -- |
Kotak BSE Sensex Index vs Kotak Services: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Kotak BSE Sensex Index Fund
Kotak BSE Sensex Index vs Kotak Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak BSE Sensex Index Fund (Direct) | Kotak Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.03% | +2.63% |
| Standard deviation | 13.17% | 12.62% |
| Sharpe ratio | -0.42 | -0.21 |
| Sortino ratio | -0.58 | -0.29 |
| Maximum drawdown | −16.1% (30-03-2026) | −7.1% (13-05-2026) |
| Beta | 1.00 | 0.69 |
| Alpha | −0.21% | +3.65% |
From daily NAVs, 20-02-2025 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.
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 Sensex Index Fund (Direct)
Kotak Services Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak BSE Sensex Index Fund (Direct) | −10.3% | 02-03-2026 | 30-03-2026 | Not yet | -- | −6.5% |
| Kotak Services Fund (Direct) | −7.1% | 21-04-2026 | 13-05-2026 | 07-07-2026 | 55 days | −5.0% |
| BSE SENSEX TRI | −10.3% | 02-03-2026 | 30-03-2026 | Not yet | -- | −6.4% |
From daily values since 02-03-2026, the first day every fund has.
Kotak BSE Sensex Index vs Kotak Services: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak BSE Sensex Index Fund, September 2026; Kotak Services Fund, September 2026
Holdings in common
- Overlap
- 46.3%
- Held by both
- 13
- Only in Kotak BSE Sensex Index
- 17
- Only in Kotak Services
- 36
| Security | % of Kotak BSE Sensex Index | % of Kotak Services |
|---|---|---|
| ICICI BANK LTD. | 11.07% | 10.84% |
| HDFC BANK LTD. | 12.53% | 6.22% |
| BHARTI AIRTEL LTD. | 6.34% | 6.01% |
| STATE BANK OF INDIA. | 4.61% | 9.26% |
| AXIS BANK LTD. | 4.07% | 8.69% |
| BAJAJ FINANCE LTD. | 3.02% | 3.59% |
| Infosys Ltd. | 4.06% | 2.34% |
| TITAN COMPANY LTD. | 2.23% | 5.00% |
| NTPC LTD | 1.76% | 1.87% |
| HCL Technologies Ltd. | 1.54% | 1.40% |
| Power Grid Corporation of India Ltd. | 1.38% | 5.03% |
| ETERNAL LIMITED | 2.71% | 1.23% |
| Tech Mahindra Ltd. | 1.15% | 3.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.3% means 46.3% 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 Sensex Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD. | 9.24% |
| Larsen and Toubro Ltd. | 5.11% |
| KOTAK MAHINDRA BANK LTD. | 3.53% |
| Mahindra & Mahindra Ltd. | 3.10% |
| ITC Ltd. | 2.95% |
Largest holdings only in Kotak Services Fund
| Security | % of fund |
|---|---|
| PNB HOUSING FINANCE LTD. | 4.11% |
| SHIPROCKET LIMITED | 2.18% |
| SHRIRAM FINANCE LIMITED | 2.11% |
| Info Edge India Ltd. | 1.83% |
| QUADRANT FUTURE TEK LIMITED | 1.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak BSE Sensex Index | Kotak Services |
|---|---|---|
| Equity | 100.0% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 2.9% |
Market cap of stocks
| Market cap | Kotak BSE Sensex Index | Kotak Services |
|---|---|---|
| Large Cap | 100.0% | 70.5% |
| Mid Cap | 0.0% | 5.3% |
| Small Cap | 0.0% | 15.6% |
| Not on AMFI's list | 0.0% | 5.7% |
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 Sensex Index | Kotak Services |
|---|---|---|
| Banks | 35.8% | 36.5% |
| Finance | 4.2% | 12.0% |
| Petroleum Products | 9.2% | 0.0% |
| IT - Software | 9.2% | 7.2% |
| Power | 3.1% | 7.1% |
| Telecom - Services | 6.3% | 7.0% |
| Consumer Durables | 3.5% | 5.5% |
| Construction | 5.1% | 0.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak BSE Sensex Index vs Kotak Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak BSE Sensex Index Fund | Kotak Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | 1.25% |
| Base expense ratio (Direct) | 0.12% | 0.90% |
| Total expense ratio (Regular) | 0.48% | 2.61% |
| Base expense ratio (Regular) | 0.27% | 2.04% |
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.
More comparisons
Each fund against the others of its category
Kotak BSE Sensex Index Fund vs Kotak Services Fund: Frequently Asked Questions
What is the difference between Kotak BSE Sensex Index Fund and Kotak Services Fund?
Kotak BSE Sensex Index Fund is an Index fund, Kotak Services Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 46.3%. Kotak BSE Sensex Index Fund charges 0.31% a year and Kotak Services Fund 1.25%.
Which has the lower expense ratio, Kotak BSE Sensex Index Fund or Kotak Services Fund?
Kotak BSE Sensex Index Fund charges less: 0.31% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak BSE Sensex Index Fund and Kotak Services Fund overlap?
46.3%. They hold 13 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Kotak BSE Sensex Index Fund or Kotak Services Fund?
On SEBI's riskometer, Kotak BSE Sensex Index Fund is rated Very High and Kotak Services Fund Very High. Over their common history, the standard deviation of daily returns was 13.17% and 12.62% a year.
Can I invest in both Kotak BSE Sensex Index Fund and Kotak Services Fund?
Yes. 46.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak BSE Sensex Index Fund and Kotak Services Fund?
Kotak BSE Sensex Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Kotak Services Fund: Rohit Tandon, 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.