Kotak Healthcare Fund vs SBI Healthcare Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Healthcare Fund is a Thematic fund and SBI Healthcare Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Kotak Healthcare Fund (Direct) returned 23.3% and SBI Healthcare Opportunities Fund (Direct) returned 17.1%. Kotak Healthcare Fund charges 1.03% a year and SBI Healthcare Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 62.2%: they hold 20 of the same securities.
SBI Healthcare Opportunities Fund
Thematic
- 1 year return
- 17.1%
- Expense ratio
- 1.01%
- NAV
- ₹588.16
Which is better, Kotak Healthcare 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.
- Kotak Healthcare returned more over 1 year: 23.3% against 17.1%.
- SBI Healthcare Opportunities costs less: 1.01% a year against 1.03% (Direct plans).
- SBI Healthcare Opportunities fell less in its worst fall since 18-12-2023: −13.5% against −18.1%.
- SBI Healthcare Opportunities is the larger fund: ₹5,870 Cr against ₹825 Cr.
- Their portfolios overlap 62.2%: 20 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 | SBI Healthcare Opportunities Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹825 Cr (30-09-2026) | ₹5,870 Cr (30-09-2026) |
| NAV | ₹17.44 (Direct) | ₹588.16 (Direct) |
| Expense ratio (Direct) | 1.03% | 1.01% |
| Expense ratio (Regular) | 2.55% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY Healthcare TRI | Not available |
| Launch date | 12-12-2023 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Dhananjay Tikariha, Abhishek Bisen | Not available |
| Exit load | 0.5% for redemption within 30 Days | Not available |
Kotak Healthcare 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 Healthcare Fund (Direct) | −0.62% | +1.50% | +19.13% | +23.31% | -- | -- | -- |
| 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 Healthcare vs SBI Healthcare Opportunities: Year-wise Returns
| Year | Kotak HealthcareKotak Healthcare | SBI Healthcare OpportunitiesSBI Healthcare Opportunities |
|---|---|---|
| 2026to date | +27.28% | +21.31% |
| 2025 | −5.83% | −2.50% |
| 2024 | +41.86% | +43.75% |
| 2023 | -- | +39.72% |
| 2022 | -- | −5.01% |
| 2021 | -- | +21.48% |
Kotak Healthcare vs SBI Healthcare Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Healthcare Index TRI, the benchmark of Kotak Healthcare Fund
Rolling returns
Every 1-year holding period, 460 of them, one for each trading day from 18-12-2024 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 Healthcare Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
Nifty Healthcare Index TRI
to
Feb 2025Jun 2024
to
Jun 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 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 Healthcare | 13.7 | 11.7 | 11.5 | 12.6 | 25.0 | 11.1 | 14.3 | 13.6% | 15.3% | −6.2% | 42.5% | 65% |
| SBI Healthcare Opportunities | 7.3 | 14.8 | 13.9 | 15.9 | 15.5 | 23.0 | 9.7 | 14.3% | 14.2% | −3.3% | 45.6% | 71% |
| Nifty Healthcare Index TRI | 4.6 | 21.3 | 19.1 | 28.7 | 17.6 | 2.8 | 5.9 | 11.2% | 11.4% | −4.4% | 43.0% | -- |
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 Nifty Healthcare Index 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 18-12-2023. Past returns do not promise future returns.
Kotak Healthcare 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 18-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak HealthcareKotak Healthcare Fund (Direct) | ₹3,50,000 | ₹4,59,727 | ₹1,09,727 | 19.2% |
| SBI Healthcare OpportunitiesSBI Healthcare Opportunities Fund (Direct) | ₹3,50,000 | ₹4,46,743 | ₹96,743 | 17.1% |
Kotak HealthcareKotak Healthcare 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 Healthcare 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 Healthcare Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +23.31% | +17.12% |
| Standard deviation | 14.36% | 13.36% |
| Sharpe ratio | 1.26 | 0.89 |
| Sortino ratio | 1.86 | 1.33 |
| Maximum drawdown | −10.4% (23-10-2026) | −10.3% (23-10-2026) |
| Beta | 0.92 | 0.93 |
| Alpha | +12.32% | +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 Healthcare Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.25% | +17.93% |
| Standard deviation | 14.46% | 15.96% |
| Sharpe ratio | 1.06 | 0.74 |
| Sortino ratio | 1.49 | 1.05 |
| Maximum drawdown | −18.1% (03-03-2025) | −30.5% (23-03-2020) |
| Beta | 0.90 | 0.91 |
| Alpha | +4.30% | +3.97% |
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)
SBI Healthcare Opportunities Fund (Direct)
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) | −18.1% | 02-01-2025 | 03-03-2025 | 04-05-2026 | 14 months | −4.4% |
| SBI Healthcare Opportunities Fund (Direct) | −13.5% | 07-01-2025 | 28-02-2025 | 17-07-2025 | 5 months | −3.8% |
| Nifty Healthcare Index TRI | −15.7% | 02-01-2025 | 28-02-2025 | 29-07-2025 | 5 months | −2.9% |
From daily values since 18-12-2023, 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 Healthcare Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
Nifty Healthcare Index TRI
Against Nifty Healthcare Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Healthcare Fund (Direct) | 102% | 86% | 5.44% |
| SBI Healthcare Opportunities Fund (Direct) | 94% | 71% | 4.89% |
From month-end values since 18-12-2023. 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 Healthcare vs SBI Healthcare Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Healthcare Fund, September 2026; SBI Healthcare Opportunities Fund, September 2026
Holdings in common
- Overlap
- 62.2%
- Held by both
- 20
- Only in Kotak Healthcare
- 15
- Only in SBI Healthcare Opportunities
- 16
| Security | % of Kotak Healthcare | % of SBI Healthcare Opportunities |
|---|---|---|
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 13.21% | 11.14% |
| Divis Laboratories Ltd. | 9.35% | 7.91% |
| TORRENT PHARMACEUTICALS LTD. | 4.65% | 4.42% |
| Ami Organics Ltd | 4.17% | 5.03% |
| Max Healthcare Institute Ltd. | 3.61% | 3.80% |
| Cipla Ltd. | 3.26% | 4.40% |
| Apollo Hospitals Enterprise Ltd. | 2.97% | 4.45% |
| Gland Pharma Limited | 3.16% | 2.96% |
| Laurus Labs Ltd | 2.88% | 4.05% |
| SAI LIFE SCIENCES LIMITED | 2.96% | 2.60% |
| ANTHEM BIOSCIENCES LTD | 2.34% | 2.75% |
| Fortis Healthcare India Ltd | 2.33% | 2.36% |
| Ajanta Pharma Ltd. | 1.97% | 1.79% |
| Aurobindo Pharma Ltd. | 1.72% | 3.42% |
| MANKIND PHARMA LTD | 2.73% | 1.71% |
| KRISHNA INSTITUTE OF MEDICAL | 2.71% | 1.69% |
| CORONA REMEDIES LIMITED | 1.52% | 2.43% |
| INNOVA CAPTABS LTD | 1.41% | 1.65% |
| DR.Lal Pathlabs Ltd | 1.06% | 1.62% |
| RAINBOW CHILDRENS MEDICARE LTD | 1.11% | 0.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.2% means 62.2% 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 SBI Healthcare Opportunities Fund
| Security | % of fund |
|---|---|
| Aster DM Quality Care Ltd. | 3.21% |
| Sudeep Pharma Ltd. | 2.79% |
| Biocon Ltd. | 2.37% |
| Concord Biotech Ltd. | 2.25% |
| Aether Industries Ltd. | 2.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Healthcare | 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 Healthcare | SBI Healthcare Opportunities |
|---|---|---|
| Large Cap | 33.4% | 32.3% |
| Mid Cap | 19.6% | 25.7% |
| Small Cap | 38.3% | 35.4% |
| Not on AMFI's list | 7.3% | 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 Healthcare | SBI Healthcare Opportunities |
|---|---|---|
| Pharmaceuticals and Biotechnology | 69.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 63.1% |
| Healthcare Services | 21.1% | 25.6% |
| Healthcare Equipment and Supplies | 5.1% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 5.0% |
| Chemicals and Petrochemicals | 3.6% | 0.0% |
| Healthcare Equipment & Supplies | 0.0% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Healthcare vs SBI Healthcare Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Healthcare Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 1.01% |
| Base expense ratio (Direct) | 0.72% | 0.74% |
| Total expense ratio (Regular) | 2.55% | 1.99% |
| Base expense ratio (Regular) | 2.00% | 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 Healthcare with
Kotak Healthcare Fund vs SBI Healthcare Opportunities Fund: Frequently Asked Questions
What is the difference between Kotak Healthcare Fund and SBI Healthcare Opportunities Fund?
Kotak Healthcare 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 62.2%. Kotak Healthcare Fund charges 1.03% a year and SBI Healthcare Opportunities Fund 1.01%.
Which has given higher returns, Kotak Healthcare Fund or SBI Healthcare Opportunities Fund?
Over 1 year: Kotak Healthcare Fund +23.31%, SBI Healthcare Opportunities Fund +17.12%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Healthcare Fund or SBI Healthcare Opportunities Fund?
SBI Healthcare Opportunities Fund charges less: 1.01% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Healthcare Fund and SBI Healthcare Opportunities Fund overlap?
62.2%. They hold 20 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, TORNTPHARM. From each fund's latest monthly portfolio.
Can I invest in both Kotak Healthcare Fund and SBI Healthcare Opportunities Fund?
Yes. 62.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.