Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund is a mutual fund. In the year to 30-10-2026, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) returned 5.6% and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) returned 5.3%. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges 0.20% a year and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund 0.15% (Direct plans). Their portfolios overlap 19.3%: they hold 5 of the same securities.
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Index
- 1 year return
- 5.6%
- Expense ratio
- 0.20%
- NAV
- ₹11.65
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund
- 1 year return
- 5.3%
- Expense ratio
- 0.15%
- NAV
- ₹11.49
Which is better, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 or Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 returned more over 1 year: 5.6% against 5.3%.
- Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index costs less: 0.15% a year against 0.20% (Direct plans).
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 fell less in its worst fall since 29-10-2024: −0.4% against −0.5%.
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 is the larger fund: ₹606 Cr against ₹86 Cr.
- Their portfolios overlap 19.3%: 5 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹606 Cr (30-09-2026) | ₹86 Cr (30-09-2026) |
| NAV | ₹11.65 (Direct) | ₹11.49 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.15% |
| Expense ratio (Regular) | 0.39% | 0.36% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL-IBX AAA Financial Services Index – Sep 2027 | Not available |
| Launch date | 13-09-2024 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Abhishek Bisen | Not available |
| Exit load | Exit load of 0.25%, if redeemed within 30 days. | Not available |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 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 |
|---|---|---|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | +0.21% | +1.21% | +3.03% | +5.64% | -- | -- | -- |
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) | +0.13% | +0.99% | +2.90% | +5.28% | -- | -- | -- |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: Year-wise Returns
| Year | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 IndexNippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index |
|---|---|---|
| 2026to date | +4.65% | +4.35% |
| 2025 | +8.50% | +8.59% |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 243 of them, one for each trading day from 29-10-2025 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct)
to
Nov 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 6.6% | 5.5% | 8.9% |
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.4% | 5.2% | 9.1% |
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. Every fund is measured over the days all of them have, from 29-10-2024. Past returns do not promise future returns.
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: 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 01-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | ₹2,50,000 | ₹2,67,737 | ₹17,737 | 6.5% |
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 IndexNippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) | ₹2,50,000 | ₹2,67,027 | ₹17,027 | 6.3% |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 IndexNippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (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 CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.64% | +5.28% |
| Standard deviation | 0.77% | 0.90% |
| Sharpe ratio | 0.51 | 0.04 |
| Sortino ratio | 0.72 | 0.06 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.5% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.36% | +7.10% |
| Standard deviation | 0.78% | 0.89% |
| Sharpe ratio | 2.14 | 1.63 |
| Sortino ratio | 3.44 | 2.58 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.5% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 23-09-2024 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | −0.4% | 12-05-2026 | 21-05-2026 | 02-06-2026 | 12 days | −0.0% |
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct) | −0.5% | 11-05-2026 | 21-05-2026 | 05-06-2026 | 15 days | −0.1% |
From daily values since 29-10-2024, 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund, September 2026; Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund, September 2026
Holdings in common
- Overlap
- 19.3%
- Held by both
- 5
- Only in Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027
- 12
- Only in Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index
- 15
| Security | % of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | % of Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index |
|---|---|---|
| BAJAJ FINANCE LTD. | 11.59% | 5.80% |
| Kotak Mahindra Prime Ltd. | 5.77% | 5.80% |
| National Housing Bank | 3.30% | 2.90% |
| TATA CAPITAL LTD. | 2.47% | 5.78% |
| HDB FINANCIAL SERVICES LTD. | 7.81% | 2.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.3% means 19.3% 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
| Security | % of fund |
|---|---|
| REC LTD | 9.07% |
| LIC HOUSING FINANCE LTD. | 8.18% |
| AXIS Finance Ltd. | 7.63% |
| ADITYA BIRLA HOUSING FINANCE LTD | 7.43% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 7.42% |
Largest holdings only in Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund
| Security | % of fund |
|---|---|
| 8.01% Mahindra & Mahindra Financial Services Limited | 11.59% |
| 7.96% HDB Financial Services Limited | 8.68% |
| 7.74% Power Finance Corporation Limited | 7.78% |
| 8.37% Kotak Mahindra Investments Limited | 5.81% |
| 7.95% LIC Housing Finance Limited | 5.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.8% | 93.7% |
| Cash and others | 5.2% | 6.3% |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.15% |
| Base expense ratio (Direct) | 0.17% | 0.13% |
| Total expense ratio (Regular) | 0.39% | 0.36% |
| Base expense ratio (Regular) | 0.33% | 0.31% |
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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund vs Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund: Frequently Asked Questions
What is the difference between Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund?
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund, Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund is a mutual fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 19.3%. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges 0.20% a year and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund 0.15%.
Which has given higher returns, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund or Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund?
Over 1 year: Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund +5.64%, Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund +5.28%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund or Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund?
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund charges less: 0.15% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund overlap?
19.3%. They hold 5 of the same securities, the largest shared ones being BAJAJ FINANCE LTD., Kotak Mahindra Prime Ltd., National Housing Bank. From each fund's latest monthly portfolio.
Can I invest in both Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund?
Yes. 19.3% of each fund's money sits in the same holdings, so some 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.