Kotak ESG Exclusionary Strategy Fund vs SBI Healthcare Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak ESG Exclusionary Strategy Fund is a Thematic fund and SBI Healthcare Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, Kotak ESG Exclusionary Strategy Fund (Direct) returned 8.9% a year and SBI Healthcare Opportunities Fund (Direct) returned 24.6% a year. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and SBI Healthcare Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 0.7%: they hold 2 of the same securities.
Kotak ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 8.9%
- Expense ratio
- 1.15%
- NAV
- ₹17.48
SBI Healthcare Opportunities Fund
Thematic
- 3 year return
- 24.6%
- Expense ratio
- 1.01%
- NAV
- ₹588.16
Which is better, Kotak ESG Exclusionary Strategy or SBI Healthcare Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Healthcare Opportunities returned more over 5 years: 19.2% a year against 7.0%.
- SBI Healthcare Opportunities returned more over 3 years: 24.6% a year against 8.9%.
- SBI Healthcare Opportunities costs less: 1.01% a year against 1.15% (Direct plans).
- SBI Healthcare Opportunities swung less over 3 years: a standard deviation of 13.1% a year against 13.7%.
- SBI Healthcare Opportunities fell less in its worst fall since 18-12-2020: −18.1% against −21.9%.
- Kotak ESG Exclusionary Strategy holds more in large companies: 75.0% of the fund in large caps against 32.3%.
- SBI Healthcare Opportunities is the larger fund: ₹5,870 Cr against ₹685 Cr.
- Their portfolios overlap 0.7%: 2 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 ESG Exclusionary Strategy Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹685 Cr (30-09-2026) | ₹5,870 Cr (30-09-2026) |
| NAV | ₹17.48 (Direct) | ₹588.16 (Direct) |
| Expense ratio (Direct) | 1.15% | 1.01% |
| Expense ratio (Regular) | 2.50% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 ESG TRI | Not available |
| Launch date | 11-12-2020 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Mandar Pawar | Not available |
| Exit load | 0.5% for redemption within 90 Days | Not available |
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: 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 ESG Exclusionary Strategy Fund (Direct) | +0.32% | −5.69% | −1.67% | −8.34% | +8.91% | +6.97% | -- |
| SBI Healthcare Opportunities Fund (Direct) | +0.31% | −0.59% | +16.00% | +17.12% | +24.60% | +19.22% | +14.72% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: Year-wise Returns
| Year | Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy | SBI Healthcare OpportunitiesSBI Healthcare Opportunities |
|---|---|---|
| 2026to date | −9.00% | +21.31% |
| 2025 | +9.57% | −2.50% |
| 2024 | +13.89% | +43.75% |
| 2023 | +22.47% | +39.72% |
| 2022 | +0.30% | −5.01% |
| 2021 | +24.04% | +21.48% |
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: Rolling Returns
Every holding period of both funds, against NIFTY100 ESG TRI, the benchmark of Kotak ESG Exclusionary Strategy Fund
Rolling returns
Every 3-year holding period, 706 of them, one for each trading day from 18-12-2023 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 ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
NIFTY100 ESG TRI
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak ESG Exclusionary Strategy | 0.0 | 0.0 | 6.7 | 55.7 | 35.7 | 2.0 | 0.0 | 14.0% | 14.5% | 6.7% | 21.1% | 48% |
| SBI Healthcare Opportunities | 0.0 | 0.0 | 0.0 | 0.0 | 15.9 | 39.9 | 44.2 | 24.0% | 24.8% | 15.2% | 31.1% | 100% |
| NIFTY100 ESG TRI | 0.0 | 0.0 | 7.4 | 56.5 | 36.1 | 0.0 | 0.0 | 13.8% | 14.4% | 7.9% | 19.2% | -- |
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. The benchmark is NIFTY100 ESG TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 18-12-2020. Past returns do not promise future returns.
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: 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 18-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy Fund (Direct) | ₹7,10,000 | ₹8,76,688 | ₹1,66,688 | 7.1% |
| SBI Healthcare OpportunitiesSBI Healthcare Opportunities Fund (Direct) | ₹7,10,000 | ₹13,06,292 | ₹5,96,292 | 20.5% |
Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare OpportunitiesSBI Healthcare Opportunities 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 ESG Exclusionary Strategy vs SBI Healthcare Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak ESG Exclusionary Strategy Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.34% | +17.12% |
| Standard deviation | 14.42% | 13.36% |
| Sharpe ratio | -0.94 | 0.89 |
| Sortino ratio | -1.27 | 1.33 |
| Maximum drawdown | −14.7% (30-03-2026) | −10.3% (23-10-2026) |
| Beta | 0.98 | 0.93 |
| Alpha | −2.74% | +5.25% |
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 ESG Exclusionary Strategy Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.91% | +24.60% |
| Standard deviation | 13.68% | 13.07% |
| Sharpe ratio | 0.21 | 1.42 |
| Sortino ratio | 0.29 | 2.03 |
| Maximum drawdown | −17.9% (28-02-2025) | −13.5% (28-02-2025) |
| Beta | 0.96 | 0.88 |
| Alpha | −1.47% | +3.61% |
From daily NAVs, 30-10-2023 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 ESG Exclusionary Strategy Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +19.22% |
| Standard deviation | 14.04% | 12.96% |
| Sharpe ratio | 0.08 | 1.04 |
| Sortino ratio | 0.11 | 1.48 |
| Maximum drawdown | −21.9% (20-06-2022) | −17.4% (17-06-2022) |
| Beta | 0.96 | 0.88 |
| Alpha | −0.09% | +4.81% |
From daily NAVs, 29-10-2021 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 ESG Exclusionary Strategy Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.96% | +17.93% |
| Standard deviation | 13.83% | 15.96% |
| Sharpe ratio | 0.33 | 0.74 |
| Sortino ratio | 0.45 | 1.05 |
| Maximum drawdown | −21.9% (20-06-2022) | −30.5% (23-03-2020) |
| Beta | 0.94 | 0.91 |
| Alpha | −1.04% | +3.97% |
From daily NAVs, 18-12-2020 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 ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
NIFTY100 ESG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak ESG Exclusionary Strategy Fund (Direct) | −21.9% | 17-01-2022 | 20-06-2022 | 30-06-2023 | 12 months | −10.3% |
| SBI Healthcare Opportunities Fund (Direct) | −18.1% | 16-09-2021 | 17-06-2022 | 26-05-2023 | 11 months | −3.8% |
| NIFTY100 ESG TRI | −19.9% | 17-01-2022 | 17-06-2022 | 14-07-2023 | 13 months | −8.8% |
From daily values since 18-12-2020, 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 ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
NIFTY100 ESG TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
NIFTY100 ESG TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak ESG Exclusionary Strategy Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
NIFTY100 ESG TRI
Against NIFTY100 ESG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak ESG Exclusionary Strategy Fund (Direct) | 94% | 97% | 4.17% |
| SBI Healthcare Opportunities Fund (Direct) | 97% | 45% | 12.38% |
From month-end values since 18-12-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak ESG Exclusionary Strategy Fund, September 2026; SBI Healthcare Opportunities Fund, September 2026
Holdings in common
- Overlap
- 0.7%
- Held by both
- 2
- Only in Kotak ESG Exclusionary Strategy
- 44
- Only in SBI Healthcare Opportunities
- 34
| Security | % of Kotak ESG Exclusionary Strategy | % of SBI Healthcare Opportunities |
|---|---|---|
| BIOCON LTD. | 0.49% | 2.37% |
| Abbott India Ltd. | 1.19% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.7% means 0.7% 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 ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| BHARTI AIRTEL LTD. | 7.70% |
| ICICI BANK LTD. | 6.95% |
| HDFC BANK LTD. | 5.28% |
| AXIS BANK LTD. | 4.83% |
| Larsen and Toubro Ltd. | 4.45% |
Largest holdings only in SBI Healthcare Opportunities Fund
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Ltd. | 11.14% |
| Divi's Laboratories Ltd. | 7.91% |
| Acutaas Chemicals Ltd. | 5.03% |
| Apollo Hospitals Enterprise Ltd. | 4.45% |
| Torrent Pharmaceuticals Ltd. | 4.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak ESG Exclusionary Strategy | SBI Healthcare Opportunities |
|---|---|---|
| Equity | 98.7% | 95.5% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.3% | 4.4% |
Market cap of stocks
| Market cap | Kotak ESG Exclusionary Strategy | SBI Healthcare Opportunities |
|---|---|---|
| Large Cap | 75.0% | 32.3% |
| Mid Cap | 17.7% | 25.7% |
| Small Cap | 5.9% | 35.4% |
| Not on AMFI's list | 0.0% | 2.2% |
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 ESG Exclusionary Strategy | SBI Healthcare Opportunities |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 63.1% |
| Healthcare Services | 2.1% | 25.6% |
| Banks | 22.7% | 0.0% |
| Finance | 10.2% | 0.0% |
| Retailing | 9.2% | 0.0% |
| Telecom - Services | 8.9% | 0.0% |
| IT - Software | 8.0% | 0.0% |
| Auto Components | 6.0% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 5.0% |
| Healthcare Equipment & Supplies | 0.0% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak ESG Exclusionary Strategy vs SBI Healthcare Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak ESG Exclusionary Strategy Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 1.01% |
| Base expense ratio (Direct) | 0.90% | 0.74% |
| Total expense ratio (Regular) | 2.50% | 1.99% |
| Base expense ratio (Regular) | 2.04% | 1.58% |
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 ESG Exclusionary Strategy with
Kotak ESG Exclusionary Strategy Fund vs SBI Healthcare Opportunities Fund: Frequently Asked Questions
What is the difference between Kotak ESG Exclusionary Strategy Fund and SBI Healthcare Opportunities Fund?
Kotak ESG Exclusionary Strategy Fund is a Thematic fund, SBI Healthcare Opportunities Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 0.7%. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and SBI Healthcare Opportunities Fund 1.01%.
Which has given higher returns, Kotak ESG Exclusionary Strategy Fund or SBI Healthcare Opportunities Fund?
Over 1 year: Kotak ESG Exclusionary Strategy Fund −8.34%, SBI Healthcare Opportunities Fund +17.12%. Over 3 years: Kotak ESG Exclusionary Strategy Fund +8.91% a year, SBI Healthcare Opportunities Fund +24.60% a year. Over 5 years: Kotak ESG Exclusionary Strategy Fund +6.97% a year, SBI Healthcare Opportunities Fund +19.22% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak ESG Exclusionary Strategy Fund or SBI Healthcare Opportunities Fund?
SBI Healthcare Opportunities Fund charges less: 1.01% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak ESG Exclusionary Strategy Fund and SBI Healthcare Opportunities Fund overlap?
0.7%. They hold 2 of the same securities, the largest shared ones being BIOCON, ABBOTINDIA. From each fund's latest monthly portfolio.
Which is better for SIP, Kotak ESG Exclusionary Strategy Fund or SBI Healthcare Opportunities Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,732 in Kotak ESG Exclusionary Strategy Fund (XIRR 6.2% a year) and ₹10,49,448 in SBI Healthcare Opportunities Fund (XIRR 21.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak ESG Exclusionary Strategy Fund and SBI Healthcare Opportunities Fund?
Yes. 0.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.