Kotak MSCI India ETF vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak MSCI India ETF is an ETF fund and SBI BSE 100 ETF is a mutual fund. In the year to 30-10-2026, Kotak MSCI India ETF returned −8.0% and SBI BSE 100 ETF (Regular) returned −9.1%. Kotak MSCI India ETF charges 0.24% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 83.4%: they hold 99 of the same securities.
Which is better, Kotak MSCI India ETF or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak MSCI India ETF returned more over 1 year: −8.0% against −9.1%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.24%.
- Kotak MSCI India ETF fell less in its worst fall since 25-02-2025: −14.6% against −15.0%.
- Kotak MSCI India ETF is the larger fund: ₹1,749 Cr against ₹9 Cr.
- Their portfolios overlap 83.4%: 99 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 MSCI India ETF | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹1,749 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹28.23 | ₹272.01 (Regular) |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | MSCI India TRI | Not available |
| Launch date | 19-02-2025 | Not available |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to | Not available |
| Lock in | None | Not available |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Not available |
| Exit load | NIL | Not available |
Kotak MSCI India ETF vs SBI BSE 100 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 MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
Kotak MSCI India ETF vs SBI BSE 100 ETF: Year-wise Returns
| Year | Kotak MSCI IndiaKotak MSCI India ETF | SBI BSE 100SBI BSE 100 ETF |
|---|---|---|
| 2026to date | −8.95% | −9.80% |
| 2025 | -- | +10.33% |
| 2024 | -- | +13.11% |
| 2023 | -- | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Kotak MSCI India ETF vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 1-year holding period, 166 of them, one for each trading day from 25-02-2026 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 MSCI India ETF
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 MSCI India ETF | 46.4 | 36.7 | 11.4 | 3.6 | 1.8 | 0.0 | 0.0 | 0.9% | 0.2% | −9.8% | 15.8% | 100% |
| SBI BSE 100 ETF | 61.3 | 25.0 | 8.3 | 4.2 | 1.2 | 0.0 | 0.0 | −0.4% | −1.2% | −10.5% | 16.3% | 0% |
| BSE 100 TRI | 59.0 | 27.7 | 8.4 | 3.6 | 1.2 | 0.0 | 0.0 | −0.3% | −1.0% | −10.3% | 15.3% | -- |
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 BSE 100 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 25-02-2025. Past returns do not promise future returns.
Kotak MSCI India ETF vs SBI BSE 100 ETF: 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 25-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹2,10,000 | ₹2,03,127 | −₹6,873 | −3.6% |
Kotak MSCI India ETFKotak MSCI India ETF
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 MSCI India ETF vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak MSCI India ETF | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −8.03% | −9.05% |
| Standard deviation | 14.22% | 13.91% |
| Sharpe ratio | -0.93 | -1.03 |
| Sortino ratio | -1.24 | -1.36 |
| Maximum drawdown | −14.6% (31-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 MSCI India ETF | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +4.02% | +10.40% |
| Standard deviation | 13.78% | 15.99% |
| Sharpe ratio | -0.10 | 0.30 |
| Sortino ratio | -0.14 | 0.40 |
| Maximum drawdown | −14.6% (31-03-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 25-02-2025 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.
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 MSCI India ETF
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| SBI BSE 100 ETF (Regular) | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.6% |
| BSE 100 TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.4% |
From daily values since 25-02-2025, 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 MSCI India ETF
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak MSCI India ETF | 99% | 95% | 1.27% |
| SBI BSE 100 ETF (Regular) | 100% | 100% | 0.02% |
From month-end values since 25-02-2025. 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 MSCI India ETF vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MSCI India ETF, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 83.4%
- Held by both
- 99
- Only in Kotak MSCI India ETF
- 66
- Only in SBI BSE 100 ETF
- 1
| Security | % of Kotak MSCI India ETF | % of SBI BSE 100 ETF |
|---|---|---|
| HDFC BANK LTD. | 6.44% | 8.26% |
| ICICI BANK LTD. | 5.60% | 7.24% |
| RELIANCE INDUSTRIES LTD. | 5.44% | 6.01% |
| BHARTI AIRTEL LTD. | 3.93% | 4.18% |
| Infosys Ltd. | 2.41% | 2.68% |
| AXIS BANK LTD. | 2.25% | 2.68% |
| Larsen and Toubro Ltd. | 2.02% | 3.35% |
| Mahindra & Mahindra Ltd. | 2.05% | 2.01% |
| BAJAJ FINANCE LTD. | 1.91% | 1.96% |
| KOTAK MAHINDRA BANK LTD. | 1.82% | 2.34% |
| STATE BANK OF INDIA. | 1.41% | 3.04% |
| TATA CONSULTANCY SERVICES LTD. | 1.33% | 1.58% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.30% | 1.50% |
| TITAN COMPANY LTD. | 1.30% | 1.43% |
| ETERNAL LIMITED | 1.22% | 1.76% |
| Maruti Suzuki India Limited | 1.13% | 1.18% |
| NTPC LTD | 1.12% | 1.17% |
| Tata Steel Ltd. | 1.10% | 1.16% |
| Bharat Electronics Ltd. | 1.08% | 1.07% |
| Hindustan Unilever Ltd. | 1.06% | 1.28% |
| SHRIRAM FINANCE LIMITED | 1.11% | 1.04% |
| Hindalco Industries Ltd. | 0.97% | 1.03% |
| Ultratech Cement Ltd. | 0.90% | 0.98% |
| Divis Laboratories Ltd. | 0.89% | 0.90% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.91% |
| HCL Technologies Ltd. | 0.87% | 0.99% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 1.07% |
| Eicher Motors Ltd. | 0.78% | 0.75% |
| Inter Globe Aviation Ltd | 0.75% | 0.85% |
| Asian Paints(India) Ltd. | 0.74% | 0.83% |
| TVS Motor Company Ltd. | 0.78% | 0.73% |
| Grasim Industries Ltd. | 0.66% | 0.87% |
| Tech Mahindra Ltd. | 0.66% | 0.75% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.63% |
| ITC Ltd. | 0.63% | 1.94% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.66% |
| TML COMMERCIAL VEHICLES LIMITED | 0.62% | 0.68% |
| JSW Steel Ltd. | 0.61% | 0.91% |
| Nestle India Ltd. | 0.60% | 0.71% |
| Adani Enterprises Ltd | 0.60% | 0.75% |
| SBI Life Insurance Company Ltd | 0.61% | 0.58% |
| Bajaj Auto Ltd. | 0.58% | 0.88% |
| TRENT LTD | 0.56% | 0.66% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.55% | 0.55% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.55% | 0.54% |
| Cipla Ltd. | 0.54% | 0.58% |
| ADANI POWER LTD | 0.53% | 0.66% |
| Bajaj Finserv Ltd. | 0.53% | 0.74% |
| Max Healthcare Institute Ltd. | 0.52% | 0.52% |
| Coal India Limited | 0.52% | 0.78% |
| One 97 Communications Ltd | 0.51% | 0.55% |
| Hero MotoCorp Ltd. | 0.50% | 0.51% |
| Cummins India Ltd. | 0.50% | 0.49% |
| Dr.Reddy's Laboratories Ltd. | 0.49% | 0.57% |
| INDIAN HOTELS CO LTD | 0.48% | 0.49% |
| FEDERAL BANK LTD. | 0.46% | 0.60% |
| Oil And Natural Gas Corporation Ltd. | 0.46% | 0.67% |
| JIO FINANCIAL SERVICES LTD | 0.46% | 0.55% |
| AU SMALL FINANCE BANK LTD. | 0.45% | 0.44% |
| Avenue Supermarts Ltd | 0.44% | 0.48% |
| Varun Beverages Limited | 0.44% | 0.45% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.44% |
| Tata Power Company Ltd. | 0.43% | 0.46% |
| Persistent Systems Limited | 0.43% | 0.44% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.42% | 0.46% |
| Britannia Industries Ltd. | 0.42% | 0.43% |
| INDUSIND BANK LTD. | 0.41% | 0.45% |
| TATA CONSUMER PRODUCTS LTD. | 0.41% | 0.47% |
| HDFC Life Insurance Company Ltd | 0.41% | 0.42% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.39% | 0.45% |
| Dixon Technologies India Ltd | 0.38% | 0.42% |
| Indus Towers Ltd. | 0.37% | 0.37% |
| Lupin Ltd. | 0.37% | 0.38% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.35% | 0.35% |
| Power Finance Corporation Ltd. | 0.34% | 0.36% |
| Ashok Leyland Ltd. | 0.34% | 0.33% |
| DLF LIMITED | 0.33% | 0.33% |
| Pidilite Industries Ltd. | 0.33% | 0.34% |
| Info Edge India Ltd. | 0.33% | 0.36% |
| MARICO LTD. | 0.33% | 0.32% |
| Suzlon Energy Ltd. | 0.32% | 0.36% |
| GAIL (India) Ltd. | 0.31% | 0.35% |
| ICICI Lombard General Insurance Company Ltd | 0.31% | 0.30% |
| United Spirits Ltd | 0.31% | 0.30% |
| INDIAN OIL CORPORATION LTD. | 0.30% | 0.38% |
| Wipro Ltd. | 0.29% | 0.32% |
| PB Fintech Ltd. | 0.29% | 0.29% |
| REC LTD | 0.28% | 0.28% |
| IDFC FIRST BANK LIMITED | 0.27% | 0.41% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.26% | 0.26% |
| SRF LTD. | 0.26% | 0.27% |
| YES BANK LTD. | 0.25% | 0.28% |
| Bajaj Holdings and Investment Ltd | 0.23% | 0.35% |
| PUNJAB NATIONAL BANK | 0.21% | 0.30% |
| Larsen & Toubro Infotech Ltd | 0.21% | 0.28% |
| BANK OF BARODA | 0.19% | 0.33% |
| Havells India Ltd. | 0.17% | 0.19% |
| CANARA BANK | 0.17% | 0.31% |
| Shree Cement Ltd. | 0.15% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 83.4% means 83.4% 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 MSCI India ETF
| Security | % of fund |
|---|---|
| TORRENT PHARMACEUTICALS LTD. | 0.55% |
| Laurus Labs Ltd | 0.55% |
| BSE LTD | 0.49% |
| VEDANTA ALUMINIUM METAL LTD | 0.45% |
| GE VERNOVA T&D INDIA LIMITED | 0.43% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Coforge Ltd. | 0.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MSCI India ETF | SBI BSE 100 ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | Kotak MSCI India ETF | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 80.6% | 90.2% |
| Mid Cap | 19.4% | 9.7% |
| Small Cap | 0.0% | 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 MSCI India ETF | SBI BSE 100 ETF |
|---|---|---|
| Banks | 20.3% | 26.7% |
| IT - Software | 6.6% | 7.5% |
| Petroleum Products | 6.4% | 6.8% |
| Automobiles | 6.2% | 6.5% |
| Finance | 6.3% | 5.8% |
| Pharmaceuticals and Biotechnology | 5.6% | 0.0% |
| Telecom - Services | 4.7% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MSCI India ETF vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MSCI India ETF | SBI BSE 100 ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Total expense ratio (Regular) | Not available | 0.16% |
| Base expense ratio (Regular) | 0.17% | 0.12% |
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 MSCI India ETF vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Kotak MSCI India ETF and SBI BSE 100 ETF?
Kotak MSCI India ETF is an ETF fund, SBI BSE 100 ETF is a mutual fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 83.4%. Kotak MSCI India ETF charges 0.24% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Kotak MSCI India ETF or SBI BSE 100 ETF?
Over 1 year: Kotak MSCI India ETF −8.03%, SBI BSE 100 ETF −9.05%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak MSCI India ETF or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.24%. These are the total expense ratios reported to AMFI.
How much do Kotak MSCI India ETF and SBI BSE 100 ETF overlap?
83.4%. They hold 99 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Kotak MSCI India ETF and SBI BSE 100 ETF?
Yes. 83.4% 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.