Kotak Energy Opportunities Fund vs Mirae Asset Nifty Energy ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Energy Opportunities Fund is a Thematic fund and Mirae Asset Nifty Energy ETF is an ETF fund. Kotak Energy Opportunities Fund charges 1.11% a year and Mirae Asset Nifty Energy ETF 0.48%. Their portfolios overlap 42.4%: they hold 17 of the same securities.
Kotak Energy Opportunities Fund
Thematic
- Expense ratio
- 1.11%
- NAV
- ₹9.90
Which is better, Kotak Energy Opportunities or Mirae Asset Nifty Energy 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 Energy ETF costs less: 0.48% a year against 1.11%.
- Kotak Energy Opportunities fell less in its worst fall since 10-11-2025: −13.1% against −16.5%.
- Mirae Asset Nifty Energy ETF holds more in large companies: 72.6% of the fund in large caps against 50.0%.
- Mirae Asset Nifty Energy ETF is the larger fund: ₹281 Cr against ₹264 Cr.
- Their portfolios overlap 42.4%: 17 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 Energy Opportunities Fund | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹264 Cr (30-09-2026) | ₹281 Cr (30-09-2026) |
| NAV | ₹9.90 (Direct) | ₹35.24 |
| Expense ratio (Direct) | 1.11% | Not available |
| Expense ratio (Regular) | 2.60% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 25-04-2025 | 07-11-2025 |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Mandar Pawar, Abhishek Bisen | Ekta Gala, amp, Vishal Singh |
| Exit load | Exit load of 0.5%, if redeemed within 90 Days. | NIL |
Kotak Energy Opportunities vs Mirae Asset Nifty Energy 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 Energy Opportunities Fund (Direct) | −5.48% | −7.85% | −10.47% | −6.54% | -- | -- | -- |
| Mirae Asset Nifty Energy ETF | −4.60% | −8.40% | −13.88% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Energy Opportunities vs Mirae Asset Nifty Energy ETF: Year-wise Returns
| Year | Kotak Energy OpportunitiesKotak Energy Opportunities | Mirae Asset Nifty Energy ETFMirae Asset Nifty Energy ETF | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | −4.07% | −0.26% | −0.05% |
Kotak Energy Opportunities vs Mirae Asset Nifty Energy ETF: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
Kotak Energy Opportunities vs Mirae Asset Nifty Energy ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Energy Opportunities Fund (Direct) | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Return (CAGR) | −0.80% | −1.95% |
| Standard deviation | 13.97% | 16.50% |
| Sharpe ratio | -0.44 | -0.44 |
| Sortino ratio | -0.59 | -0.60 |
| Maximum drawdown | −13.1% (23-10-2026) | −16.5% (23-10-2026) |
| Beta | 0.82 | 1.00 |
| Alpha | −4.09% | −0.21% |
From daily NAVs, 02-05-2025 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 Energy Opportunities Fund (Direct)
Mirae Asset Nifty Energy ETF
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Energy Opportunities Fund (Direct) | −13.1% | 07-05-2026 | 23-10-2026 | Not yet | -- | −11.7% |
| Mirae Asset Nifty Energy ETF | −16.5% | 27-05-2026 | 23-10-2026 | Not yet | -- | −15.4% |
| Nifty Energy TRI | −16.4% | 27-05-2026 | 23-10-2026 | Not yet | -- | −15.3% |
From daily values since 10-11-2025, the first day every fund has.
Kotak Energy Opportunities vs Mirae Asset Nifty Energy ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Energy Opportunities Fund, September 2026; Mirae Asset Nifty Energy ETF, September 2026
Holdings in common
- Overlap
- 42.4%
- Held by both
- 17
- Only in Kotak Energy Opportunities
- 22
- Only in Mirae Asset Nifty Energy ETF
- 23
| Security | % of Kotak Energy Opportunities | % of Mirae Asset Nifty Energy ETF |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 6.73% | 9.89% |
| GAIL (India) Ltd. | 7.40% | 4.86% |
| Coal India Limited | 4.82% | 10.19% |
| NTPC LTD | 3.48% | 6.10% |
| GE VERNOVA T&D INDIA LIMITED | 5.24% | 3.30% |
| Tata Power Company Ltd. | 3.66% | 2.40% |
| ABB India Ltd. | 4.61% | 2.26% |
| Petronet LNG Ltd. | 4.84% | 2.25% |
| BHARAT PETROLEUM CORPORATION LTD. | 4.13% | 2.23% |
| Power Grid Corporation of India Ltd. | 2.17% | 4.69% |
| Siemens Ltd. | 4.65% | 2.09% |
| Oil And Natural Gas Corporation Ltd. | 1.71% | 9.27% |
| INDIAN OIL CORPORATION LTD. | 1.38% | 1.85% |
| NHPC Ltd. | 2.48% | 1.09% |
| TORRENT POWER LTD | 1.70% | 0.94% |
| NLC India Ltd. (Neyveli Lignite Corporation Ltd.) | 1.19% | 0.38% |
| CESC Ltd. | 1.82% | 0.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.4% means 42.4% 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 Energy Opportunities Fund
| Security | % of fund |
|---|---|
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 3.13% |
| Larsen and Toubro Ltd. | 2.56% |
| LUMINO INDUSTRIES LIMITED | 2.36% |
| ACME SOLAR HOLDINGS LTD. | 2.34% |
| Exide Industries Ltd. | 2.25% |
Largest holdings only in Mirae Asset Nifty Energy ETF
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Ltd. | 3.84% |
| CG Power and Industrial Solutions Ltd. | 3.72% |
| Adani Power Ltd. | 3.37% |
| Suzlon Energy Ltd. | 3.05% |
| Oil India Ltd. | 2.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Energy Opportunities | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Equity | 96.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.9% | -0.0% |
Market cap of stocks
| Market cap | Kotak Energy Opportunities | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Large Cap | 50.0% | 72.6% |
| Mid Cap | 22.9% | 20.8% |
| Small Cap | 16.0% | 5.5% |
| Not on AMFI's list | 7.1% | 1.1% |
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 Energy Opportunities | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Power | 18.8% | 25.1% |
| Electrical Equipment | 21.0% | 24.9% |
| Petroleum Products | 13.5% | 15.5% |
| Gas | 12.2% | 12.4% |
| Oil | 1.7% | 11.8% |
| Consumable Fuels | 4.8% | 10.2% |
| Industrial Products | 8.0% | 0.0% |
| Construction | 5.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Energy Opportunities vs Mirae Asset Nifty Energy ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Energy Opportunities Fund | Mirae Asset Nifty Energy ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | Not available |
| Base expense ratio (Direct) | 0.84% | 0.00% |
| Total expense ratio (Regular) | 2.60% | Not available |
| Base expense ratio (Regular) | 2.10% | 0.29% |
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
Compare Kotak Energy Opportunities with
Kotak Energy Opportunities Fund vs Mirae Asset Nifty Energy ETF: Frequently Asked Questions
What is the difference between Kotak Energy Opportunities Fund and Mirae Asset Nifty Energy ETF?
Kotak Energy Opportunities Fund is a Thematic fund, Mirae Asset Nifty Energy ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 42.4%. Kotak Energy Opportunities Fund charges 1.11% a year and Mirae Asset Nifty Energy ETF 0.48%.
Which has the lower expense ratio, Kotak Energy Opportunities Fund or Mirae Asset Nifty Energy ETF?
Mirae Asset Nifty Energy ETF charges less: 0.48% a year against 1.11%. These are the total expense ratios reported to AMFI.
How much do Kotak Energy Opportunities Fund and Mirae Asset Nifty Energy ETF overlap?
42.4%. They hold 17 of the same securities, the largest shared ones being RELIANCE, GAIL, COALINDIA. From each fund's latest monthly portfolio.
Which is riskier, Kotak Energy Opportunities Fund or Mirae Asset Nifty Energy ETF?
On SEBI's riskometer, Kotak Energy Opportunities Fund is rated Very High and Mirae Asset Nifty Energy ETF Very High. Over their common history, the standard deviation of daily returns was 13.97% and 16.50% a year.
Can I invest in both Kotak Energy Opportunities Fund and Mirae Asset Nifty Energy ETF?
Yes. 42.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Energy Opportunities Fund and Mirae Asset Nifty Energy ETF?
Kotak Energy Opportunities Fund: Mandar Pawar, Abhishek Bisen. Mirae Asset Nifty Energy ETF: Ekta Gala, amp, Vishal Singh.
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.