Kotak Dividend Yield Fund vs Kotak MSCI India ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Dividend Yield Fund is a Dividend Yield fund and Kotak MSCI India ETF is an ETF fund. Kotak Dividend Yield Fund charges 1.14% a year and Kotak MSCI India ETF 0.24%. Their portfolios overlap 47.5%: they hold 48 of the same securities.
Which is better, Kotak Dividend Yield or Kotak MSCI India 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 MSCI India ETF costs less: 0.24% a year against 1.14%.
- Kotak Dividend Yield fell less in its worst fall since 03-02-2026: −12.3% against −13.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 64.7%.
- Kotak MSCI India ETF is the larger fund: ₹1,749 Cr against ₹273 Cr.
- Their portfolios overlap 47.5%: 48 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 Dividend Yield Fund | Kotak MSCI India ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Dividend Yield | ETF |
| AUM | ₹273 Cr (30-09-2026) | ₹1,749 Cr (30-09-2026) |
| NAV | ₹9.18 (Direct) | ₹28.23 |
| Expense ratio (Direct) | 1.14% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | MSCI India TRI |
| Launch date | 27-01-2026 | 19-02-2025 |
| Minimum investment | ₹100 | 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 | None | None |
| Fund managers | Shibani Sircar Kurian, Abhishek Bisen | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. | NIL |
Kotak Dividend Yield vs Kotak MSCI India 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 Dividend Yield Fund (Direct) | −0.42% | −6.96% | −4.01% | -- | -- | -- | -- |
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | -- | -- | -- | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
Kotak Dividend Yield vs Kotak MSCI India ETF: Year-wise Returns
| Year | Dividend YieldKotak Dividend Yield | MSCI India ETFKotak MSCI India ETF |
|---|---|---|
| 2026to date | -- | −8.95% |
Kotak Dividend Yield vs Kotak MSCI India ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak Dividend Yield Fund
Kotak Dividend Yield vs Kotak MSCI India ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Dividend Yield Fund (Direct) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | −11.19% | +4.02% |
| Standard deviation | 14.22% | 13.78% |
| Sharpe ratio | -1.15 | -0.10 |
| Sortino ratio | -1.49 | -0.14 |
| Maximum drawdown | −12.3% (30-03-2026) | −14.6% (31-03-2026) |
| Beta | 0.90 | -- |
| Alpha | −4.62% | -- |
From daily NAVs, 03-02-2026 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 Dividend Yield Fund (Direct)
Kotak MSCI India ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Dividend Yield Fund (Direct) | −12.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.2% |
| Kotak MSCI India ETF | −13.6% | 11-02-2026 | 31-03-2026 | Not yet | -- | −8.9% |
| Nifty 500 TRI | −13.6% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.9% |
From daily values since 03-02-2026, the first day every fund has.
Kotak Dividend Yield vs Kotak MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Dividend Yield Fund, September 2026; Kotak MSCI India ETF, September 2026
Holdings in common
- Overlap
- 47.5%
- Held by both
- 48
- Only in Kotak Dividend Yield
- 9
- Only in Kotak MSCI India ETF
- 117
| Security | % of Kotak Dividend Yield | % of Kotak MSCI India ETF |
|---|---|---|
| HDFC BANK LTD. | 5.55% | 6.44% |
| ICICI BANK LTD. | 4.94% | 5.60% |
| RELIANCE INDUSTRIES LTD. | 2.62% | 5.44% |
| BHARTI AIRTEL LTD. | 2.62% | 3.93% |
| Larsen and Toubro Ltd. | 2.54% | 2.02% |
| AXIS BANK LTD. | 1.81% | 2.25% |
| Infosys Ltd. | 1.45% | 2.41% |
| STATE BANK OF INDIA. | 2.51% | 1.41% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 2.16% | 1.30% |
| TITAN COMPANY LTD. | 1.48% | 1.30% |
| TATA CONSULTANCY SERVICES LTD. | 1.19% | 1.33% |
| BAJAJ FINANCE LTD. | 1.15% | 1.91% |
| Maruti Suzuki India Limited | 1.65% | 1.13% |
| NTPC LTD | 2.20% | 1.12% |
| SHRIRAM FINANCE LIMITED | 1.95% | 1.11% |
| Tata Steel Ltd. | 1.51% | 1.10% |
| Bharat Electronics Ltd. | 1.42% | 1.08% |
| Hindalco Industries Ltd. | 1.02% | 0.97% |
| Ultratech Cement Ltd. | 1.68% | 0.90% |
| Mahindra & Mahindra Ltd. | 0.90% | 2.05% |
| Power Grid Corporation of India Ltd. | 1.43% | 0.87% |
| TVS Motor Company Ltd. | 1.96% | 0.78% |
| Apollo Hospitals Enterprise Ltd. | 2.01% | 0.66% |
| Tech Mahindra Ltd. | 1.17% | 0.66% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 1.69% | 0.55% |
| TORRENT PHARMACEUTICALS LTD. | 0.88% | 0.55% |
| Max Healthcare Institute Ltd. | 2.03% | 0.52% |
| Coal India Limited | 0.90% | 0.52% |
| Hero MotoCorp Ltd. | 0.74% | 0.50% |
| BSE LTD | 0.70% | 0.49% |
| Persistent Systems Limited | 1.16% | 0.43% |
| Britannia Industries Ltd. | 1.36% | 0.42% |
| INDUSIND BANK LTD. | 2.00% | 0.41% |
| Oil And Natural Gas Corporation Ltd. | 0.41% | 0.46% |
| Indus Towers Ltd. | 1.84% | 0.37% |
| BHARAT FORGE LTD. | 1.38% | 0.37% |
| Solar Industries India Limited | 2.64% | 0.36% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 1.51% | 0.35% |
| Power Finance Corporation Ltd. | 0.89% | 0.34% |
| Ashok Leyland Ltd. | 0.86% | 0.34% |
| DLF LIMITED | 0.84% | 0.33% |
| United Spirits Ltd | 1.49% | 0.31% |
| GAIL (India) Ltd. | 1.00% | 0.31% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.62% | 0.27% |
| MRF Ltd. | 0.67% | 0.23% |
| BANK OF BARODA | 1.08% | 0.19% |
| L&T FINANCE LTD | 0.87% | 0.17% |
| Petronet LNG Ltd. | 0.76% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.5% means 47.5% 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 Dividend Yield Fund
| Security | % of fund |
|---|---|
| Schaeffler India Ltd | 2.74% |
| BANK OF MAHARASHTRA | 2.39% |
| KARUR VYSYA BANK LTD. | 2.38% |
| Ujjivan Small Finance Bank Ltd. | 2.15% |
| ASTER DM HEALTHCARE LTD | 2.07% |
Largest holdings only in Kotak MSCI India ETF
| Security | % of fund |
|---|---|
| KOTAK MAHINDRA BANK LTD. | 1.82% |
| ETERNAL LIMITED | 1.22% |
| Hindustan Unilever Ltd. | 1.06% |
| Divis Laboratories Ltd. | 0.89% |
| HCL Technologies Ltd. | 0.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Dividend Yield | Kotak MSCI India ETF |
|---|---|---|
| Equity | 94.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.9% | 0.0% |
Market cap of stocks
| Market cap | Kotak Dividend Yield | Kotak MSCI India ETF |
|---|---|---|
| Large Cap | 64.7% | 80.6% |
| Mid Cap | 22.9% | 19.4% |
| Small Cap | 6.5% | 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 Dividend Yield | Kotak MSCI India ETF |
|---|---|---|
| Banks | 24.8% | 20.3% |
| Finance | 8.3% | 6.3% |
| IT - Software | 5.0% | 6.6% |
| Petroleum Products | 3.2% | 6.4% |
| Automobiles | 5.3% | 6.2% |
| Pharmaceuticals and Biotechnology | 6.2% | 5.6% |
| Healthcare Services | 6.1% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Dividend Yield vs Kotak MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Dividend Yield Fund | Kotak MSCI India ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | Not available |
| Base expense ratio (Direct) | 0.90% | 0.00% |
| Total expense ratio (Regular) | 2.57% | Not available |
| Base expense ratio (Regular) | 2.10% | 0.17% |
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 Dividend Yield Fund vs Kotak MSCI India ETF: Frequently Asked Questions
What is the difference between Kotak Dividend Yield Fund and Kotak MSCI India ETF?
Kotak Dividend Yield Fund is a Dividend Yield fund, Kotak MSCI India ETF is an ETF fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 47.5%. Kotak Dividend Yield Fund charges 1.14% a year and Kotak MSCI India ETF 0.24%.
Which has the lower expense ratio, Kotak Dividend Yield Fund or Kotak MSCI India ETF?
Kotak MSCI India ETF charges less: 0.24% a year against 1.14%. These are the total expense ratios reported to AMFI.
How much do Kotak Dividend Yield Fund and Kotak MSCI India ETF overlap?
47.5%. They hold 48 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Kotak Dividend Yield Fund or Kotak MSCI India ETF?
On SEBI's riskometer, Kotak Dividend Yield Fund is rated Very High and Kotak MSCI India ETF Very High. Over their common history, the standard deviation of daily returns was 14.22% and 13.78% a year.
Can I invest in both Kotak Dividend Yield Fund and Kotak MSCI India ETF?
Yes. 47.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Dividend Yield Fund and Kotak MSCI India ETF?
Kotak Dividend Yield Fund: Shibani Sircar Kurian, Abhishek Bisen. Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.