Kotak Healthcare Fund vs Mirae Asset Nifty 500 Healthcare ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Healthcare Fund is a Thematic fund and Mirae Asset Nifty 500 Healthcare ETF is an ETF fund. Kotak Healthcare Fund charges 1.03% a year and Mirae Asset Nifty 500 Healthcare ETF 0.35%. Their portfolios overlap 55.0%: they hold 22 of the same securities.
Mirae Asset Nifty 500 Healthcare ETF
ETF
- Expense ratio
- 0.35%
- NAV
- ₹21.44
Which is better, Kotak Healthcare or Mirae Asset Nifty 500 Healthcare 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 500 Healthcare ETF costs less: 0.35% a year against 1.03%.
- Mirae Asset Nifty 500 Healthcare ETF fell less in its worst fall since 11-02-2026: −9.6% against −10.4%.
- Kotak Healthcare is the larger fund: ₹825 Cr against ₹15 Cr.
- Their portfolios overlap 55.0%: 22 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 Healthcare Fund | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹825 Cr (30-09-2026) | ₹15 Cr (30-09-2026) |
| NAV | ₹17.44 (Direct) | ₹21.44 |
| Expense ratio (Direct) | 1.03% | Not available |
| Expense ratio (Regular) | 2.55% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Healthcare TRI | Nifty500 Healthcare TRI |
| Launch date | 12-12-2023 | Not available |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Dhananjay Tikariha, Abhishek Bisen | Ekta Gala, amp, Ritesh Patel |
| Exit load | 0.5% for redemption within 30 Days | NIL |
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare 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 Healthcare Fund (Direct) | −0.62% | +1.50% | +19.13% | +23.31% | -- | -- | -- |
| Mirae Asset Nifty 500 Healthcare ETF | +1.43% | −0.66% | +12.95% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF: Year-wise Returns
| Year | Kotak HealthcareKotak Healthcare | Mirae Asset Nifty 500 Healthcare ETFMirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| 2026to date | +27.28% | -- |
| 2025 | −5.83% | -- |
| 2024 | +41.86% | -- |
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF: Rolling Returns
Every holding period of both funds, against Nifty Healthcare Index TRI, the benchmark of Kotak Healthcare Fund
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Healthcare Fund (Direct) | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Return (CAGR) | +21.25% | +23.46% |
| Standard deviation | 14.46% | 14.16% |
| Sharpe ratio | 1.06 | 1.29 |
| Sortino ratio | 1.49 | 1.90 |
| Maximum drawdown | −18.1% (03-03-2025) | −9.6% (23-10-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | +4.30% | −0.22% |
From daily NAVs, 18-12-2023 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.
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 Healthcare Fund (Direct)
Mirae Asset Nifty 500 Healthcare ETF
Nifty Healthcare Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Healthcare Fund (Direct) | −10.4% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.4% |
| Mirae Asset Nifty 500 Healthcare ETF | −9.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| Nifty Healthcare Index TRI | −9.2% | 31-08-2026 | 23-10-2026 | Not yet | -- | −2.9% |
From daily values since 11-02-2026, the first day every fund has.
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Healthcare Fund, September 2026; Mirae Asset Nifty 500 Healthcare ETF, September 2026
Holdings in common
- Overlap
- 55.0%
- Held by both
- 22
- Only in Kotak Healthcare
- 13
- Only in Mirae Asset Nifty 500 Healthcare ETF
- 22
| Security | % of Kotak Healthcare | % of Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 13.21% | 10.13% |
| Divis Laboratories Ltd. | 9.35% | 8.76% |
| TORRENT PHARMACEUTICALS LTD. | 4.65% | 5.24% |
| Max Healthcare Institute Ltd. | 3.61% | 5.13% |
| Cipla Ltd. | 3.26% | 5.62% |
| Apollo Hospitals Enterprise Ltd. | 2.97% | 6.24% |
| Laurus Labs Ltd | 2.88% | 5.72% |
| Fortis Healthcare India Ltd | 2.33% | 2.98% |
| MANKIND PHARMA LTD | 2.73% | 2.10% |
| Aurobindo Pharma Ltd. | 1.72% | 3.43% |
| Gland Pharma Limited | 3.16% | 1.71% |
| SAI LIFE SCIENCES LIMITED | 2.96% | 1.56% |
| KRISHNA INSTITUTE OF MEDICAL | 2.71% | 1.48% |
| Ami Organics Ltd | 4.17% | 1.26% |
| Ajanta Pharma Ltd. | 1.97% | 1.22% |
| DR.Lal Pathlabs Ltd | 1.06% | 1.15% |
| Zydus Lifesciences Ltd. | 1.06% | 2.14% |
| Lupin Ltd. | 0.98% | 3.66% |
| ANTHEM BIOSCIENCES LTD | 2.34% | 0.69% |
| EMCURE PHARMACEUTICALS LIMITED | 1.77% | 0.60% |
| RAINBOW CHILDRENS MEDICARE LTD | 1.11% | 0.49% |
| RUBICON RESEARCH LIMITED | 1.96% | 0.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.0% means 55.0% 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 Healthcare Fund
| Security | % of fund |
|---|---|
| MOLBIO DIAGNOSTICS LIMITED | 5.08% |
| PARK MEDI WORLD LIMITED (PARK HOSPITAL) | 3.17% |
| YATHARTH HOSPITAL AND TRAUMA CARE SERVICES LTD | 3.12% |
| Marksans Pharma Ltd | 2.44% |
| PRASOL CHEMICALS LIMITED | 2.24% |
Largest holdings only in Mirae Asset Nifty 500 Healthcare ETF
| Security | % of fund |
|---|---|
| Dr. Reddy's Laboratories Ltd. | 5.58% |
| Glenmark Pharmaceuticals Ltd. | 2.61% |
| Alkem Laboratories Ltd. | 2.31% |
| IPCA Laboratories Ltd. | 1.98% |
| Biocon Ltd. | 1.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Healthcare | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Equity | 98.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 0.0% |
Market cap of stocks
| Market cap | Kotak Healthcare | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Large Cap | 33.4% | 36.0% |
| Mid Cap | 19.6% | 45.6% |
| Small Cap | 38.3% | 18.3% |
| Not on AMFI's list | 7.3% | 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 Healthcare | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 77.8% |
| Pharmaceuticals and Biotechnology | 69.0% | 0.0% |
| Healthcare Services | 21.1% | 21.7% |
| Healthcare Equipment and Supplies | 5.1% | 0.0% |
| Chemicals and Petrochemicals | 3.6% | 0.0% |
| Healthcare Equipment & Supplies | 0.0% | 0.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Healthcare Fund | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | Not available |
| Base expense ratio (Direct) | 0.72% | 0.00% |
| Total expense ratio (Regular) | 2.55% | Not available |
| Base expense ratio (Regular) | 2.00% | 0.16% |
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 Healthcare Fund vs Mirae Asset Nifty 500 Healthcare ETF: Frequently Asked Questions
What is the difference between Kotak Healthcare Fund and Mirae Asset Nifty 500 Healthcare ETF?
Kotak Healthcare Fund is a Thematic fund, Mirae Asset Nifty 500 Healthcare ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 55.0%. Kotak Healthcare Fund charges 1.03% a year and Mirae Asset Nifty 500 Healthcare ETF 0.35%.
Which has the lower expense ratio, Kotak Healthcare Fund or Mirae Asset Nifty 500 Healthcare ETF?
Mirae Asset Nifty 500 Healthcare ETF charges less: 0.35% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do Kotak Healthcare Fund and Mirae Asset Nifty 500 Healthcare ETF overlap?
55.0%. They hold 22 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, TORNTPHARM. From each fund's latest monthly portfolio.
Which is riskier, Kotak Healthcare Fund or Mirae Asset Nifty 500 Healthcare ETF?
On SEBI's riskometer, Kotak Healthcare Fund is rated Very High and Mirae Asset Nifty 500 Healthcare ETF Very High. Over their common history, the standard deviation of daily returns was 14.46% and 14.16% a year.
Can I invest in both Kotak Healthcare Fund and Mirae Asset Nifty 500 Healthcare ETF?
Yes. 55.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Healthcare Fund and Mirae Asset Nifty 500 Healthcare ETF?
Kotak Healthcare Fund: Dhananjay Tikariha, Abhishek Bisen. Mirae Asset Nifty 500 Healthcare ETF: Ekta Gala, amp, Ritesh Patel.
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.