Kotak Gold Fund vs Kotak Gold Silver Passive FOF
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Gold Fund is a Fund of Funds fund and Kotak Gold Silver Passive FOF is a Fund of Funds fund. Kotak Gold Fund charges 0.15% a year and Kotak Gold Silver Passive FOF 0.20% (Direct plans). Their portfolios overlap 40.7%: they hold 1 of the same security.
Kotak Gold Silver Passive FOF
Fund of Funds
- Expense ratio
- 0.20%
- NAV
- ₹12.89
Which is better, Kotak Gold or Kotak Gold Silver Passive FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Gold costs less: 0.15% a year against 0.20% (Direct plans).
- Kotak Gold fell less in its worst fall since 04-11-2025: −24.1% against −38.6%.
- Kotak Gold is the larger fund: ₹6,996 Cr against ₹1,104 Cr.
- Their portfolios overlap 40.7%: 1 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 Gold Fund | Kotak Gold Silver Passive FOF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹6,996 Cr (30-09-2026) | ₹1,104 Cr (30-09-2026) |
| NAV | ₹56.26 (Direct) | ₹12.89 (Direct) |
| Expense ratio (Direct) | 0.15% | 0.20% |
| Expense ratio (Regular) | 0.45% | 0.54% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | Domestic Gold and Silver Prices |
| Launch date | 25-03-2011 | 28-10-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Jeetu Valechha Sonar | Rohit Tandon, amp, Abhishek Bisen |
| Exit load | Exit load of 1%, if redeemed within 15 days. | NIL |
Kotak Gold vs Kotak Gold Silver Passive FOF: 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 Gold Fund (Direct) | −5.33% | −1.76% | −6.74% | +15.61% | +30.28% | +22.41% | +15.24% |
| Kotak Gold Silver Passive FOF (Direct) | −11.98% | −9.79% | −16.29% | -- | -- | -- | -- |
Kotak Gold vs Kotak Gold Silver Passive FOF: Year-wise Returns
| Year | GoldKotak Gold | Gold Silver Passive FOFKotak Gold Silver Passive FOF |
|---|---|---|
| 2026to date | +4.99% | −7.86% |
| 2025 | +70.95% | -- |
| 2024 | +19.33% | -- |
| 2023 | +14.27% | -- |
| 2022 | +12.13% | -- |
| 2021 | −4.35% | -- |
Kotak Gold vs Kotak Gold Silver Passive FOF: Rolling Returns
Every holding period of both funds
Kotak Gold vs Kotak Gold Silver Passive FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Gold Fund (Direct) | Kotak Gold Silver Passive FOF (Direct) |
|---|---|---|
| Return (CAGR) | +10.42% | +25.06% |
| Standard deviation | 15.39% | 45.84% |
| Sharpe ratio | 0.28 | 0.43 |
| Sortino ratio | 0.41 | 0.57 |
| Maximum drawdown | −26.3% (06-08-2015) | −38.6% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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 Gold Fund (Direct)
Kotak Gold Silver Passive FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Gold Fund (Direct) | −24.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −20.7% |
| Kotak Gold Silver Passive FOF (Direct) | −38.6% | 29-01-2026 | 30-10-2026 | Not yet | -- | −38.6% |
From daily values since 04-11-2025, the first day every fund has.
Kotak Gold vs Kotak Gold Silver Passive FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Gold Fund, September 2026; Kotak Gold Silver Passive FOF, September 2026
Holdings in common
- Overlap
- 40.7%
- Held by both
- 1
- Only in Kotak Gold
- 0
- Only in Kotak Gold Silver Passive FOF
- 1
| Security | % of Kotak Gold | % of Kotak Gold Silver Passive FOF |
|---|---|---|
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 99.85% | 40.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.7% means 40.7% 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 Gold Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Gold Silver Passive FOF
| Security | % of fund |
|---|---|
| KOTAK MUTUAL FUND - KOTAK SILVER ETF | 56.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Gold | Kotak Gold Silver Passive FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Kotak Gold vs Kotak Gold Silver Passive FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Gold Fund | Kotak Gold Silver Passive FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 0.20% |
| Base expense ratio (Direct) | 0.13% | 0.16% |
| Total expense ratio (Regular) | 0.45% | 0.54% |
| Base expense ratio (Regular) | 0.38% | 0.45% |
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 Gold Fund vs Kotak Gold Silver Passive FOF: Frequently Asked Questions
What is the difference between Kotak Gold Fund and Kotak Gold Silver Passive FOF?
Kotak Gold Fund is a Fund of Funds fund, Kotak Gold Silver Passive FOF is a Fund of Funds fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 40.7%. Kotak Gold Fund charges 0.15% a year and Kotak Gold Silver Passive FOF 0.20%.
Which has the lower expense ratio, Kotak Gold Fund or Kotak Gold Silver Passive FOF?
Kotak Gold 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 Gold Fund and Kotak Gold Silver Passive FOF overlap?
40.7%. They hold 1 of the same securities, the largest shared ones being GOLD1. From each fund's latest monthly portfolio.
Which is riskier, Kotak Gold Fund or Kotak Gold Silver Passive FOF?
On SEBI's riskometer, Kotak Gold Fund is rated High and Kotak Gold Silver Passive FOF Very High. Over their common history, the standard deviation of daily returns was 15.39% and 45.84% a year.
Can I invest in both Kotak Gold Fund and Kotak Gold Silver Passive FOF?
Yes. 40.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Gold Fund and Kotak Gold Silver Passive FOF?
Kotak Gold Fund: Jeetu Valechha Sonar. Kotak Gold Silver Passive FOF: Rohit Tandon, amp, Abhishek Bisen.
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.