Kotak MNC Fund vs Motilal Oswal Nifty MNC ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak MNC Fund is a Thematic fund and Motilal Oswal Nifty MNC ETF is an ETF fund. Kotak MNC Fund charges 0.90% a year and Motilal Oswal Nifty MNC ETF 0.62%. Their portfolios overlap 33.8%: they hold 14 of the same securities.
Which is better, Kotak MNC or Motilal Oswal Nifty MNC ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Nifty MNC ETF costs less: 0.62% a year against 0.90%.
- Kotak MNC fell less in its worst fall since 04-12-2025: −12.3% against −18.0%.
- Motilal Oswal Nifty MNC ETF holds more in large companies: 65.8% of the fund in large caps against 33.5%.
- Kotak MNC is the larger fund: ₹2,246 Cr against ₹2 Cr.
- Their portfolios overlap 33.8%: 14 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 MNC Fund | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹2,246 Cr (30-09-2026) | ₹2 Cr (30-09-2026) |
| NAV | ₹11.89 (Direct) | ₹28.40 |
| Expense ratio (Direct) | 0.90% | Not available |
| Expense ratio (Regular) | 2.29% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 28-10-2024 | 01-12-2025 |
| Minimum investment | ₹100 | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value |
| Lock in | None | None |
| Fund managers | Harsha Upadhyaya, Dhananjay Thikaria, Abhishek Bisen | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | 0.5% for redemption within 90 Days | Nil |
Kotak MNC vs Motilal Oswal Nifty MNC 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 MNC Fund (Direct) | −5.79% | −4.76% | +0.71% | +9.29% | -- | -- | -- |
| Motilal Oswal Nifty MNC ETF | −6.25% | −13.22% | −10.47% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak MNC vs Motilal Oswal Nifty MNC ETF: Year-wise Returns
| Year | Kotak MNCKotak MNC | Motilal Oswal Nifty MNC ETFMotilal Oswal Nifty MNC ETF | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | +8.73% | −6.51% | −5.92% |
| 2025 | +8.05% | -- | +10.75% |
Kotak MNC vs Motilal Oswal Nifty MNC ETF: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Kotak MNC vs Motilal Oswal Nifty MNC ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak MNC Fund (Direct) | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | +8.97% | −6.14% |
| Standard deviation | 14.20% | 16.17% |
| Sharpe ratio | 0.23 | -0.70 |
| Sortino ratio | 0.32 | -0.91 |
| Maximum drawdown | −16.5% (07-04-2025) | −18.0% (23-10-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | +8.50% | −0.68% |
From daily NAVs, 31-10-2024 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 MNC Fund (Direct)
Motilal Oswal Nifty MNC ETF
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak MNC Fund (Direct) | −12.3% | 18-08-2026 | 23-10-2026 | Not yet | -- | −9.1% |
| Motilal Oswal Nifty MNC ETF | −18.0% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.1% |
| Nifty MNC TRI | −17.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.0% |
From daily values since 04-12-2025, the first day every fund has.
Kotak MNC vs Motilal Oswal Nifty MNC ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MNC Fund, September 2026; Motilal Oswal Nifty MNC ETF, September 2026
Holdings in common
- Overlap
- 33.8%
- Held by both
- 14
- Only in Kotak MNC
- 31
- Only in Motilal Oswal Nifty MNC ETF
- 16
| Security | % of Kotak MNC | % of Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Hindustan Unilever Ltd. | 3.35% | 9.93% |
| Britannia Industries Ltd. | 3.23% | 5.29% |
| Nestle India Ltd. | 3.21% | 8.76% |
| Maruti Suzuki India Limited | 3.20% | 10.16% |
| Ashok Leyland Ltd. | 2.75% | 4.11% |
| HYUNDAI MOTORS INDIA LTD | 2.71% | 2.69% |
| United Spirits Ltd | 2.47% | 3.73% |
| Oracle Financial Services Software Ltd | 3.31% | 2.39% |
| Cummins India Ltd. | 2.12% | 5.99% |
| Siemens Ltd. | 1.88% | 3.07% |
| Nippon Life Asset Management Ltd | 2.29% | 1.80% |
| VEDANTA LTD. | 1.73% | 4.25% |
| ABB India Ltd. | 1.55% | 3.31% |
| Schaeffler India Ltd | 2.03% | 1.46% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.8% means 33.8% 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 MNC Fund
| Security | % of fund |
|---|---|
| MTAR TECHNOLOGIES LIMITED | 4.86% |
| INDO-MIM LTD | 4.70% |
| Ami Organics Ltd | 4.38% |
| AZAD ENGINEERING LTD | 4.35% |
| GE VERNOVA T&D INDIA LIMITED | 3.37% |
Largest holdings only in Motilal Oswal Nifty MNC ETF
| Security | % of fund |
|---|---|
| Vedanta Aluminium Metal Limited | 6.53% |
| Bosch Limited | 3.73% |
| Hitachi Energy India Limited | 3.64% |
| Siemens Energy India Limited | 2.63% |
| Colgate Palmolive (India) Limited | 2.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Equity | 99.6% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | 0.3% |
Market cap of stocks
| Market cap | Kotak MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Large Cap | 33.5% | 65.8% |
| Mid Cap | 22.2% | 27.8% |
| Small Cap | 37.9% | 6.0% |
| Not on AMFI's list | 6.0% | 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 MNC | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Pharmaceuticals and Biotechnology | 18.1% | 0.0% |
| Electrical Equipment | 16.0% | 12.7% |
| Food Products | 6.4% | 14.1% |
| Automobiles | 5.9% | 12.8% |
| Auto Components | 11.2% | 5.2% |
| Diversified FMCG | 3.4% | 9.9% |
| Industrial Products | 3.7% | 7.0% |
| Non - Ferrous Metals | 1.3% | 6.5% |
| Aerospace and Defense | 4.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MNC vs Motilal Oswal Nifty MNC ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MNC Fund | Motilal Oswal Nifty MNC ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | Not available |
| Base expense ratio (Direct) | 0.57% | 0.00% |
| Total expense ratio (Regular) | 2.29% | Not available |
| Base expense ratio (Regular) | 1.74% | 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.
More comparisons
Each fund against the others of its category
Kotak MNC Fund vs Motilal Oswal Nifty MNC ETF: Frequently Asked Questions
What is the difference between Kotak MNC Fund and Motilal Oswal Nifty MNC ETF?
Kotak MNC Fund is a Thematic fund, Motilal Oswal Nifty MNC ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 33.8%. Kotak MNC Fund charges 0.90% a year and Motilal Oswal Nifty MNC ETF 0.62%.
Which has the lower expense ratio, Kotak MNC Fund or Motilal Oswal Nifty MNC ETF?
Motilal Oswal Nifty MNC ETF charges less: 0.62% a year against 0.90%. These are the total expense ratios reported to AMFI.
How much do Kotak MNC Fund and Motilal Oswal Nifty MNC ETF overlap?
33.8%. They hold 14 of the same securities, the largest shared ones being HINDUNILVR, BRITANNIA, NESTLEIND. From each fund's latest monthly portfolio.
Which is riskier, Kotak MNC Fund or Motilal Oswal Nifty MNC ETF?
On SEBI's riskometer, Kotak MNC Fund is rated Very High and Motilal Oswal Nifty MNC ETF Very High. Over their common history, the standard deviation of daily returns was 14.20% and 16.17% a year.
Can I invest in both Kotak MNC Fund and Motilal Oswal Nifty MNC ETF?
Yes. 33.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak MNC Fund and Motilal Oswal Nifty MNC ETF?
Kotak MNC Fund: Harsha Upadhyaya, Dhananjay Thikaria, Abhishek Bisen. Motilal Oswal Nifty MNC ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.
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.