Kotak ESG Exclusionary Strategy Fund vs Tata BSE Sensex Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak ESG Exclusionary Strategy Fund is a Thematic fund and Tata BSE Sensex Index Fund is an Index fund. In the 3 years to 30-10-2026, Kotak ESG Exclusionary Strategy Fund (Direct) returned 8.9% a year and Tata BSE Sensex Index Fund (Direct) returned 5.9% a year. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and Tata BSE Sensex Index Fund 0.33% (Direct plans). Their portfolios overlap 49.1%: they hold 17 of the same securities.
Kotak ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 8.9%
- Expense ratio
- 1.15%
- NAV
- ₹17.48
Tata BSE Sensex Index Fund
Index
- 3 year return
- 5.9%
- Expense ratio
- 0.33%
- NAV
- ₹199.52
Which is better, Kotak ESG Exclusionary Strategy or Tata BSE Sensex 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 ESG Exclusionary Strategy returned more over 5 years: 7.0% a year against 5.5%.
- Kotak ESG Exclusionary Strategy returned more over 3 years: 8.9% a year against 5.9%.
- Tata BSE Sensex Index costs less: 0.33% a year against 1.15% (Direct plans).
- Tata BSE Sensex Index swung less over 3 years: a standard deviation of 13.2% a year against 13.7%.
- Tata BSE Sensex Index fell less in its worst fall since 18-12-2020: −16.2% against −21.9%.
- Tata BSE Sensex Index holds more in large companies: 100.0% of the fund in large caps against 75.0%.
- Kotak ESG Exclusionary Strategy is the larger fund: ₹685 Cr against ₹364 Cr.
- Their portfolios overlap 49.1%: 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 ESG Exclusionary Strategy Fund | Tata BSE Sensex Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹685 Cr (30-09-2026) | ₹364 Cr (30-09-2026) |
| NAV | ₹17.48 (Direct) | ₹199.52 (Direct) |
| Expense ratio (Direct) | 1.15% | 0.33% |
| Expense ratio (Regular) | 2.50% | 0.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 ESG TRI | BSE SENSEX TRI |
| Launch date | 11-12-2020 | 25-02-2003 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Mandar Pawar | Nitin Sharma, Rakesh Prajapati |
| Exit load | 0.5% for redemption within 90 Days | Exit load of 0.25% if redeemed within 7 days |
Kotak ESG Exclusionary Strategy vs Tata BSE Sensex 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 ESG Exclusionary Strategy Fund (Direct) | +0.32% | −5.69% | −1.67% | −8.34% | +8.91% | +6.97% | -- |
| Tata BSE Sensex Index Fund (Direct) | +2.74% | −4.35% | −2.56% | −11.22% | +5.93% | +5.54% | +11.16% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak ESG Exclusionary Strategy vs Tata BSE Sensex Index: Year-wise Returns
| Year | Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy | Tata BSE Sensex IndexTata BSE Sensex Index |
|---|---|---|
| 2026to date | −9.00% | −12.13% |
| 2025 | +9.57% | +10.07% |
| 2024 | +13.89% | +9.06% |
| 2023 | +22.47% | +19.87% |
| 2022 | +0.30% | +5.50% |
| 2021 | +24.04% | +22.05% |
Kotak ESG Exclusionary Strategy vs Tata BSE Sensex Index: 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)
Tata BSE Sensex Index 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% |
| Tata BSE Sensex Index | 0.0 | 3.7 | 20.0 | 59.9 | 16.4 | 0.0 | 0.0 | 11.9% | 12.3% | 3.5% | 17.8% | 19% |
| 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 Tata BSE Sensex 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 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% |
| Tata BSE Sensex IndexTata BSE Sensex Index Fund (Direct) | ₹7,10,000 | ₹8,27,958 | ₹1,17,958 | 5.1% |
Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy Fund (Direct)
Tata BSE Sensex IndexTata BSE Sensex 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 ESG Exclusionary Strategy vs Tata BSE Sensex Index: 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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.34% | −11.22% |
| Standard deviation | 14.42% | 13.83% |
| Sharpe ratio | -0.94 | -1.19 |
| Sortino ratio | -1.27 | -1.59 |
| Maximum drawdown | −14.7% (30-03-2026) | −16.2% (31-03-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | −2.74% | −0.32% |
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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.91% | +5.93% |
| Standard deviation | 13.68% | 13.20% |
| Sharpe ratio | 0.21 | -0.01 |
| Sortino ratio | 0.29 | -0.01 |
| Maximum drawdown | −17.9% (28-02-2025) | −16.2% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | −1.47% | −0.39% |
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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +5.54% |
| Standard deviation | 14.04% | 13.69% |
| Sharpe ratio | 0.08 | -0.02 |
| Sortino ratio | 0.11 | -0.03 |
| Maximum drawdown | −21.9% (20-06-2022) | −16.2% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | −0.09% | −0.37% |
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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.96% | +10.86% |
| Standard deviation | 13.83% | 15.68% |
| Sharpe ratio | 0.33 | 0.31 |
| Sortino ratio | 0.45 | 0.42 |
| Maximum drawdown | −21.9% (20-06-2022) | −37.0% (23-03-2020) |
| Beta | 0.94 | 0.99 |
| Alpha | −1.04% | −0.57% |
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)
Tata BSE Sensex Index 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% |
| Tata BSE Sensex Index Fund (Direct) | −16.2% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| 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)
Tata BSE Sensex Index 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)
Tata BSE Sensex Index 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)
Tata BSE Sensex Index 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% |
| Tata BSE Sensex Index Fund (Direct) | 89% | 96% | 4.36% |
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 Tata BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak ESG Exclusionary Strategy Fund, September 2026; Tata BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 49.1%
- Held by both
- 17
- Only in Kotak ESG Exclusionary Strategy
- 29
- Only in Tata BSE Sensex Index
- 13
| Security | % of Kotak ESG Exclusionary Strategy | % of Tata BSE Sensex Index |
|---|---|---|
| ICICI BANK LTD. | 6.95% | 11.04% |
| BHARTI AIRTEL LTD. | 7.70% | 6.38% |
| HDFC BANK LTD. | 5.28% | 12.59% |
| Larsen and Toubro Ltd. | 4.45% | 5.11% |
| Infosys Ltd. | 4.36% | 4.09% |
| AXIS BANK LTD. | 4.83% | 4.08% |
| STATE BANK OF INDIA. | 3.78% | 4.64% |
| BAJAJ FINANCE LTD. | 4.20% | 2.99% |
| ETERNAL LIMITED | 4.21% | 2.69% |
| TATA CONSULTANCY SERVICES LTD. | 1.98% | 2.42% |
| Ultratech Cement Ltd. | 3.84% | 1.50% |
| Hindustan Unilever Ltd. | 1.10% | 1.95% |
| Tech Mahindra Ltd. | 0.96% | 1.14% |
| Mahindra & Mahindra Ltd. | 0.95% | 3.07% |
| Maruti Suzuki India Limited | 0.87% | 1.79% |
| HCL Technologies Ltd. | 0.72% | 1.51% |
| RELIANCE INDUSTRIES LTD. | 0.35% | 9.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.1% means 49.1% 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 |
|---|---|
| Bosch Limited | 4.13% |
| SHRIRAM FINANCE LIMITED | 3.87% |
| Linde India Ltd. | 3.32% |
| Hero MotoCorp Ltd. | 2.64% |
| GODREJ CONSUMER PRODUCTS LTD. | 2.23% |
Largest holdings only in Tata BSE Sensex Index Fund
| Security | % of fund |
|---|---|
| KOTAK MAHINDRA BANK LTD | 3.57% |
| ITC LTD | 2.96% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 2.29% |
| TITAN COMPANY LTD | 2.18% |
| NTPC LTD | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak ESG Exclusionary Strategy | Tata BSE Sensex Index |
|---|---|---|
| Equity | 98.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | -0.0% |
Market cap of stocks
| Market cap | Kotak ESG Exclusionary Strategy | Tata BSE Sensex Index |
|---|---|---|
| Large Cap | 75.0% | 100.0% |
| Mid Cap | 17.7% | 0.0% |
| Small Cap | 5.9% | 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 ESG Exclusionary Strategy | Tata BSE Sensex Index |
|---|---|---|
| Banks | 22.7% | 35.9% |
| Finance | 10.2% | 4.1% |
| IT - Software | 8.0% | 9.2% |
| Petroleum Products | 0.3% | 9.2% |
| Retailing | 9.2% | 3.7% |
| Telecom - Services | 8.9% | 6.4% |
| Auto Components | 6.0% | 0.0% |
| Construction | 4.5% | 5.1% |
| Diversified FMCG | 1.1% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak ESG Exclusionary Strategy vs Tata BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak ESG Exclusionary Strategy Fund | Tata BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 0.33% |
| Base expense ratio (Direct) | 0.90% | 0.27% |
| Total expense ratio (Regular) | 2.50% | 0.58% |
| Base expense ratio (Regular) | 2.04% | 0.51% |
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.
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Kotak ESG Exclusionary Strategy Fund vs Tata BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between Kotak ESG Exclusionary Strategy Fund and Tata BSE Sensex Index Fund?
Kotak ESG Exclusionary Strategy Fund is a Thematic fund, Tata BSE Sensex Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 49.1%. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and Tata BSE Sensex Index Fund 0.33%.
Which has given higher returns, Kotak ESG Exclusionary Strategy Fund or Tata BSE Sensex Index Fund?
Over 1 year: Kotak ESG Exclusionary Strategy Fund −8.34%, Tata BSE Sensex Index Fund −11.22%. Over 3 years: Kotak ESG Exclusionary Strategy Fund +8.91% a year, Tata BSE Sensex Index Fund +5.93% a year. Over 5 years: Kotak ESG Exclusionary Strategy Fund +6.97% a year, Tata BSE Sensex Index Fund +5.54% 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 Tata BSE Sensex Index Fund?
Tata BSE Sensex Index Fund charges less: 0.33% 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 Tata BSE Sensex Index Fund overlap?
49.1%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak ESG Exclusionary Strategy Fund or Tata BSE Sensex Index Fund?
On SEBI's riskometer, Kotak ESG Exclusionary Strategy Fund is rated Very High and Tata BSE Sensex Index Fund Very High. Over 3 years, the standard deviation of daily returns was 13.68% and 13.20% a year.
Which is better for SIP, Kotak ESG Exclusionary Strategy Fund or Tata BSE Sensex Index 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 ₹6,73,154 in Tata BSE Sensex Index Fund (XIRR 3.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak ESG Exclusionary Strategy Fund and Tata BSE Sensex Index Fund?
Yes. 49.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak ESG Exclusionary Strategy Fund and Tata BSE Sensex Index Fund?
Kotak ESG Exclusionary Strategy Fund: Mandar Pawar. Tata BSE Sensex Index Fund: Nitin Sharma, Rakesh Prajapati.
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.