Kotak Infrastructure And Economic Reform Fund vs Nippon India ETF Nifty Infrastructure BeES
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Infrastructure And Economic Reform Fund is a Thematic fund and Nippon India ETF Nifty Infrastructure BeES is a mutual fund. In the 3 years to 30-10-2026, Kotak Infrastructure And Economic Reform Fund (Direct) returned 15.1% a year and Nippon India ETF Nifty Infrastructure BeES (Direct) returned 12.8% a year. Kotak Infrastructure And Economic Reform Fund charges 0.85% a year and Nippon India ETF Nifty Infrastructure BeES 0.54% (Direct plans). Their portfolios overlap 35.2%: they hold 10 of the same securities.
Kotak Infrastructure And Economic Reform Fund
Thematic
- 3 year return
- 15.1%
- Expense ratio
- 0.85%
- NAV
- ₹79.11
Nippon India ETF Nifty Infrastructure BeES
- 3 year return
- 12.8%
- Expense ratio
- 0.54%
- NAV
- ₹910.07
Which is better, Kotak Infrastructure And Economic Reform or Nippon India ETF Nifty Infrastructure BeES? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Infrastructure And Economic Reform returned more over 5 years: 16.8% a year against 11.7%.
- Kotak Infrastructure And Economic Reform returned more over 3 years: 15.1% a year against 12.8%.
- Nippon India ETF Nifty Infrastructure BeES costs less: 0.54% a year against 0.85% (Direct plans).
- Nippon India ETF Nifty Infrastructure BeES swung less over 3 years: a standard deviation of 16.8% a year against 17.5%.
- Nippon India ETF Nifty Infrastructure BeES fell less in its worst fall since 07-11-2016: −42.5% against −46.0%.
- Nippon India ETF Nifty Infrastructure BeES holds more in large companies: 88.8% of the fund in large caps against 45.3%.
- Kotak Infrastructure And Economic Reform is the larger fund: ₹2,334 Cr against ₹177 Cr.
- Their portfolios overlap 35.2%: 10 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 Infrastructure And Economic Reform Fund | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹2,334 Cr (30-09-2026) | ₹177 Cr (30-09-2026) |
| NAV | ₹79.11 (Direct) | ₹910.07 (Direct) |
| Expense ratio (Direct) | 0.85% | 0.54% |
| Expense ratio (Regular) | 2.15% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Infrastructure TRI | Not available |
| Launch date | 25-02-2008 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nalin Rasik | Not available |
| Exit load | 0.5% for redemption within 90 Days | Not available |
Kotak Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: 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 Infrastructure And Economic Reform Fund (Direct) | −4.00% | −3.46% | −1.28% | −0.36% | +15.14% | +16.83% | +15.66% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | +0.70% | −5.87% | −6.26% | −8.21% | +12.79% | +11.74% | -- |
| 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 Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: Year-wise Returns
| Year | Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform | Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES | Nifty Infrastructure TRI |
|---|---|---|---|
| 2026to date | +1.95% | −8.23% | −7.85% |
| 2025 | −2.41% | +13.44% | +14.64% |
| 2024 | +34.29% | +15.53% | +16.79% |
| 2023 | +39.21% | +38.42% | +40.08% |
| 2022 | +17.25% | +6.32% | +7.49% |
| 2021 | +59.43% | +35.78% | +37.77% |
Kotak Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,722 of them, one for each trading day from 07-11-2019 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 Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
Nifty Infrastructure TRI
to
May 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Feb 2022
to
Feb 2025Apr 2023
to
Apr 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 Infrastructure And Economic Reform | 12.9 | 2.0 | 7.7 | 3.3 | 15.2 | 24.0 | 34.9 | 20.4% | 22.4% | −10.8% | 45.9% | 67% |
| Nippon India ETF Nifty Infrastructure BeES | 10.4 | 4.5 | 7.6 | 8.8 | 27.9 | 26.4 | 14.4 | 16.2% | 18.4% | −10.9% | 34.3% | 0% |
| Nifty Infrastructure TRI | 6.9 | 7.4 | 7.3 | 7.6 | 21.7 | 26.8 | 22.4 | 17.6% | 19.9% | −9.8% | 36.1% | -- |
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 Infrastructure 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 07-11-2016. Past returns do not promise future returns.
Kotak Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: 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 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform Fund (Direct) | ₹12,00,000 | ₹30,46,706 | ₹18,46,706 | 17.8% |
| Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (Direct) | ₹12,00,000 | ₹23,91,432 | ₹11,91,432 | 13.2% |
Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (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 Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Infrastructure And Economic Reform Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | −0.36% | −8.21% |
| Standard deviation | 17.54% | 15.41% |
| Sharpe ratio | -0.32 | -0.87 |
| Sortino ratio | -0.43 | -1.17 |
| Maximum drawdown | −13.1% (31-03-2026) | −12.7% (12-10-2026) |
| Beta | 1.05 | 1.00 |
| Alpha | +7.89% | −0.56% |
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 Infrastructure And Economic Reform Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +15.14% | +12.79% |
| Standard deviation | 17.50% | 16.83% |
| Sharpe ratio | 0.52 | 0.40 |
| Sortino ratio | 0.69 | 0.54 |
| Maximum drawdown | −27.7% (03-03-2025) | −20.9% (28-02-2025) |
| Beta | 0.92 | 1.00 |
| Alpha | +1.94% | −1.04% |
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 Infrastructure And Economic Reform Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +16.83% | +11.74% |
| Standard deviation | 16.09% | 16.31% |
| Sharpe ratio | 0.69 | 0.36 |
| Sortino ratio | 0.91 | 0.49 |
| Maximum drawdown | −27.7% (03-03-2025) | −20.9% (28-02-2025) |
| Beta | 0.86 | 1.00 |
| Alpha | +4.93% | −1.10% |
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 Infrastructure And Economic Reform Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +14.70% | +12.47% |
| Standard deviation | 16.11% | 17.89% |
| Sharpe ratio | 0.56 | 0.40 |
| Sortino ratio | 0.75 | 0.54 |
| Maximum drawdown | −46.0% (24-03-2020) | −42.5% (23-03-2020) |
| Beta | 0.76 | 1.00 |
| Alpha | +5.62% | −1.26% |
From daily NAVs, 02-02-2015 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 Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Infrastructure And Economic Reform Fund (Direct) | −46.0% | 12-01-2018 | 24-03-2020 | 04-02-2021 | 10 months | −7.5% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | −42.5% | 05-01-2018 | 23-03-2020 | 16-12-2020 | 9 months | −9.6% |
| Nifty Infrastructure TRI | −41.0% | 05-01-2018 | 23-03-2020 | 04-12-2020 | 8 months | −9.3% |
From daily values since 07-11-2016, 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 Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
Nifty Infrastructure 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 Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
Nifty Infrastructure 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 Infrastructure And Economic Reform Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Infrastructure And Economic Reform Fund (Direct) | 100% | 85% | 9.80% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | 98% | 102% | 0.14% |
From month-end values since 07-11-2016. 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 Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Infrastructure And Economic Reform Fund, September 2026; Nippon India ETF Nifty Infrastructure BeES, September 2026
Holdings in common
- Overlap
- 35.2%
- Held by both
- 10
- Only in Kotak Infrastructure And Economic Reform
- 38
- Only in Nippon India ETF Nifty Infrastructure BeES
- 20
| Security | % of Kotak Infrastructure And Economic Reform | % of Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Larsen and Toubro Ltd. | 8.70% | 11.92% |
| BHARTI AIRTEL LTD. | 7.45% | 14.47% |
| RELIANCE INDUSTRIES LTD. | 7.32% | 19.82% |
| Ultratech Cement Ltd. | 2.82% | 3.51% |
| Inter Globe Aviation Ltd | 2.31% | 3.05% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 1.95% | 1.95% |
| Cummins India Ltd. | 1.65% | 1.74% |
| Indus Towers Ltd. | 3.60% | 1.30% |
| Ashok Leyland Ltd. | 1.98% | 1.20% |
| NTPC LTD | 0.47% | 4.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.2% means 35.2% 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 Infrastructure And Economic Reform Fund
| Security | % of fund |
|---|---|
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 3.73% |
| Engineers India Ltd | 3.71% |
| Solar Industries India Limited | 3.04% |
| Kajaria Ceramics Ltd. | 2.86% |
| Mahindra Logistics Ltd | 2.66% |
Largest holdings only in Nippon India ETF Nifty Infrastructure BeES
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Limited | 3.82% |
| Power Grid Corporation of India Limited | 3.19% |
| Grasim Industries Limited | 3.13% |
| Oil & Natural Gas Corporation Limited | 2.37% |
| Adani Power Limited | 2.30% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Infrastructure And Economic Reform | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Equity | 98.7% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 0.2% |
Market cap of stocks
| Market cap | Kotak Infrastructure And Economic Reform | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Large Cap | 45.3% | 88.8% |
| Mid Cap | 10.2% | 11.0% |
| Small Cap | 38.5% | 0.0% |
| Not on AMFI's list | 4.6% | 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 Infrastructure And Economic Reform | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Petroleum Products | 7.3% | 23.8% |
| Construction | 19.4% | 11.9% |
| Telecom - Services | 11.1% | 15.8% |
| Power | 0.5% | 12.4% |
| Industrial Products | 8.1% | 1.7% |
| Auto Components | 7.4% | 3.4% |
| Cement & Cement Products | 0.0% | 6.6% |
| Transport Services | 6.3% | 3.0% |
| Healthcare Services | 1.1% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Infrastructure And Economic Reform vs Nippon India ETF Nifty Infrastructure BeES: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Infrastructure And Economic Reform Fund | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 0.54% |
| Base expense ratio (Direct) | 0.63% | 0.43% |
| Total expense ratio (Regular) | 2.15% | Not available |
| Base expense ratio (Regular) | 1.73% | 0.00% |
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 Infrastructure And Economic Reform Fund vs Nippon India ETF Nifty Infrastructure BeES: Frequently Asked Questions
What is the difference between Kotak Infrastructure And Economic Reform Fund and Nippon India ETF Nifty Infrastructure BeES?
Kotak Infrastructure And Economic Reform Fund is a Thematic fund, Nippon India ETF Nifty Infrastructure BeES is a mutual fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 35.2%. Kotak Infrastructure And Economic Reform Fund charges 0.85% a year and Nippon India ETF Nifty Infrastructure BeES 0.54%.
Which has given higher returns, Kotak Infrastructure And Economic Reform Fund or Nippon India ETF Nifty Infrastructure BeES?
Over 1 year: Kotak Infrastructure And Economic Reform Fund −0.36%, Nippon India ETF Nifty Infrastructure BeES −8.21%. Over 3 years: Kotak Infrastructure And Economic Reform Fund +15.14% a year, Nippon India ETF Nifty Infrastructure BeES +12.79% a year. Over 5 years: Kotak Infrastructure And Economic Reform Fund +16.83% a year, Nippon India ETF Nifty Infrastructure BeES +11.74% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Infrastructure And Economic Reform Fund or Nippon India ETF Nifty Infrastructure BeES?
Nippon India ETF Nifty Infrastructure BeES charges less: 0.54% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Infrastructure And Economic Reform Fund and Nippon India ETF Nifty Infrastructure BeES overlap?
35.2%. They hold 10 of the same securities, the largest shared ones being LT, BHARTIARTL, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Kotak Infrastructure And Economic Reform Fund or Nippon India ETF Nifty Infrastructure BeES?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,71,330 in Kotak Infrastructure And Economic Reform Fund (XIRR 14.0% a year) and ₹7,86,116 in Nippon India ETF Nifty Infrastructure BeES (XIRR 9.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Infrastructure And Economic Reform Fund and Nippon India ETF Nifty Infrastructure BeES?
Yes. 35.2% of each fund's money sits in the same holdings, so some 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.