Kotak BSE Sensex Index Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak BSE Sensex Index Fund is an Index fund and Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund. Kotak BSE Sensex Index Fund charges 0.31% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%. Their portfolios overlap 67.0%: they hold 20 of the same securities.
Mirae Asset Nifty Top 20 Equal Weight ETF
- Expense ratio
- 0.26%
- NAV
- ₹8.69
Which is better, Kotak BSE Sensex Index or Mirae Asset Nifty Top 20 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Top 20 Equal Weight ETF costs less: 0.26% a year against 0.31%.
- Mirae Asset Nifty Top 20 Equal Weight ETF fell less in its worst fall since 16-12-2025: −16.0% against −16.1%.
- Kotak BSE Sensex Index is the larger fund: ₹25 Cr against ₹14 Cr.
- Their portfolios overlap 67.0%: 20 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 | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | Not available |
| AUM | ₹25 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹9.96 (Direct) | ₹8.69 |
| Expense ratio (Direct) | 0.31% | Not available |
| Expense ratio (Regular) | 0.48% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE SENSEX TRI | Not available |
| Launch date | 17-02-2025 | 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 Sensex Index vs Mirae Asset Nifty Top 20 Equal Weight 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 |
|---|---|---|---|---|---|---|---|
| Kotak BSE Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.52% | −11.20% | -- | -- | -- |
| Mirae Asset Nifty Top 20 Equal Weight ETF | +3.84% | −3.73% | −0.27% | -- | -- | -- | -- |
Kotak BSE Sensex Index vs Mirae Asset Nifty Top 20 Equal Weight ETF: Year-wise Returns
| Year | Kotak BSE Sensex IndexKotak BSE Sensex Index | Mirae Asset Nifty Top 20 Equal Weight ETFMirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| 2026to date | −12.07% | −10.27% |
Kotak BSE Sensex Index vs Mirae Asset Nifty Top 20 Equal Weight ETF: 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 Mirae Asset Nifty Top 20 Equal Weight ETF: 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) | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | −0.03% | −11.00% |
| Standard deviation | 13.17% | 14.95% |
| Sharpe ratio | -0.42 | -1.09 |
| Sortino ratio | -0.58 | -1.45 |
| Maximum drawdown | −16.1% (30-03-2026) | −16.0% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.21% | −0.12% |
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)
Mirae Asset Nifty Top 20 Equal Weight ETF
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) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Mirae Asset Nifty Top 20 Equal Weight ETF | −16.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 16-12-2025, the first day every fund has.
Kotak BSE Sensex Index vs Mirae Asset Nifty Top 20 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak BSE Sensex Index Fund, September 2026; Mirae Asset Nifty Top 20 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 67.0%
- Held by both
- 20
- Only in Kotak BSE Sensex Index
- 10
- Only in Mirae Asset Nifty Top 20 Equal Weight ETF
- 0
| Security | % of Kotak BSE Sensex Index | % of Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| ICICI BANK LTD. | 11.07% | 5.09% |
| BHARTI AIRTEL LTD. | 6.34% | 5.02% |
| Larsen and Toubro Ltd. | 5.11% | 4.95% |
| RELIANCE INDUSTRIES LTD. | 9.24% | 4.94% |
| HDFC BANK LTD. | 12.53% | 4.92% |
| STATE BANK OF INDIA. | 4.61% | 4.98% |
| AXIS BANK LTD. | 4.07% | 5.12% |
| Infosys Ltd. | 4.06% | 5.08% |
| KOTAK MAHINDRA BANK LTD. | 3.53% | 5.27% |
| Mahindra & Mahindra Ltd. | 3.10% | 4.96% |
| BAJAJ FINANCE LTD. | 3.02% | 4.91% |
| ITC Ltd. | 2.95% | 4.99% |
| ETERNAL LIMITED | 2.71% | 4.88% |
| TATA CONSULTANCY SERVICES LTD. | 2.45% | 5.03% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 2.25% | 5.01% |
| TITAN COMPANY LTD. | 2.23% | 4.79% |
| Hindustan Unilever Ltd. | 1.98% | 4.94% |
| Maruti Suzuki India Limited | 1.81% | 5.06% |
| NTPC LTD | 1.76% | 5.05% |
| HCL Technologies Ltd. | 1.54% | 4.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 67.0% means 67.0% 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 |
|---|---|
| Tata Steel Ltd. | 1.74% |
| Bharat Electronics Ltd. | 1.61% |
| Adani Ports and Special Economic Zone Limited | 1.55% |
| Ultratech Cement Ltd. | 1.52% |
| Power Grid Corporation of India Ltd. | 1.38% |
Largest holdings only in Mirae Asset Nifty Top 20 Equal Weight 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 | Kotak BSE Sensex Index | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | Kotak BSE Sensex Index | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Large Cap | 100.0% | 100.0% |
| Mid Cap | 0.0% | 0.0% |
| 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 | Kotak BSE Sensex Index | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Banks | 35.8% | 25.4% |
| IT - Software | 9.2% | 15.1% |
| Automobiles | 4.9% | 10.0% |
| Diversified FMCG | 4.9% | 9.9% |
| Petroleum Products | 9.2% | 4.9% |
| Telecom - Services | 6.3% | 5.0% |
| Construction | 5.1% | 5.0% |
| Power | 3.1% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak BSE Sensex Index vs Mirae Asset Nifty Top 20 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak BSE Sensex Index Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | Not available |
| Base expense ratio (Direct) | 0.12% | 0.00% |
| Total expense ratio (Regular) | 0.48% | Not available |
| Base expense ratio (Regular) | 0.27% | 0.09% |
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 Sensex Index Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF: Frequently Asked Questions
What is the difference between Kotak BSE Sensex Index Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Kotak BSE Sensex Index Fund is an Index fund, Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 67.0%. Kotak BSE Sensex Index Fund charges 0.31% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%.
Which has the lower expense ratio, Kotak BSE Sensex Index Fund or Mirae Asset Nifty Top 20 Equal Weight ETF?
Mirae Asset Nifty Top 20 Equal Weight ETF charges less: 0.26% a year against 0.31%. These are the total expense ratios reported to AMFI.
How much do Kotak BSE Sensex Index Fund and Mirae Asset Nifty Top 20 Equal Weight ETF overlap?
67.0%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LT. From each fund's latest monthly portfolio.
Can I invest in both Kotak BSE Sensex Index Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Yes. 67.0% 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.