Kotak Nifty 100 Equal Weight ETF vs NJ Value Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty 100 Equal Weight ETF is an ETF fund and NJ Value Fund is a Value and Contra fund. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and NJ Value Fund 1.60%. Their portfolios overlap 31.9%: they hold 32 of the same securities.
Which is better, Kotak Nifty 100 Equal Weight ETF or NJ Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty 100 Equal Weight ETF costs less: 0.36% a year against 1.60%.
- NJ Value fell less in its worst fall since 03-08-2026: −10.7% against −11.1%.
- Kotak Nifty 100 Equal Weight ETF holds more in large companies: 94.0% of the fund in large caps against 40.9%.
- Their portfolios overlap 31.9%: 32 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 Nifty 100 Equal Weight ETF | NJ Value Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | NJ Mutual Fund |
| Category | ETF | Value and Contra |
| AUM | ₹39 Cr (30-09-2026) | Not available |
| NAV | ₹32.90 | ₹9.11 (Direct) |
| Expense ratio (Direct) | Not available | 1.60% |
| Expense ratio (Regular) | Not available | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 100 Equal Weighted TRI | Nifty 500 TRI |
| Launch date | 24-02-2025 | 30-07-2026 |
| 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | NIL | Nil |
Kotak Nifty 100 Equal Weight ETF vs NJ Value: 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 Nifty 100 Equal Weight ETF | −0.97% | −6.71% | −2.68% | −3.92% | -- | -- | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Kotak Nifty 100 Equal Weight ETF vs NJ Value: Year-wise Returns
| Year | Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF | NJ ValueNJ Value |
|---|---|---|
| 2026to date | −3.59% | -- |
Kotak Nifty 100 Equal Weight ETF vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of Kotak Nifty 100 Equal Weight ETF
Kotak Nifty 100 Equal Weight ETF vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty 100 Equal Weight ETF | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.13% | −33.20% |
| Standard deviation | 14.80% | 11.23% |
| Sharpe ratio | 0.32 | -3.42 |
| Sortino ratio | 0.44 | -3.90 |
| Maximum drawdown | −13.5% (30-03-2026) | −10.7% (23-10-2026) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.33% | −6.42% |
From daily NAVs, 28-02-2025 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 Nifty 100 Equal Weight ETF
NJ Value Fund (Direct)
Nifty100 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty 100 Equal Weight ETF | −11.1% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.7% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty100 Equal Weight TRI | −11.2% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 03-08-2026, the first day every fund has.
Kotak Nifty 100 Equal Weight ETF vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty 100 Equal Weight ETF, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 31.9%
- Held by both
- 32
- Only in Kotak Nifty 100 Equal Weight ETF
- 68
- Only in NJ Value
- 43
| Security | % of Kotak Nifty 100 Equal Weight ETF | % of NJ Value |
|---|---|---|
| Maruti Suzuki India Limited | 1.02% | 1.20% |
| Infosys Ltd. | 1.02% | 1.26% |
| GAIL (India) Ltd. | 1.01% | 1.35% |
| TATA CONSULTANCY SERVICES LTD. | 1.01% | 1.24% |
| Bajaj Holdings and Investment Ltd | 1.01% | 1.34% |
| NTPC LTD | 1.01% | 1.33% |
| Asian Paints(India) Ltd. | 1.01% | 1.25% |
| DLF LIMITED | 1.01% | 1.46% |
| BANK OF BARODA | 1.01% | 1.34% |
| BHARTI AIRTEL LTD. | 1.01% | 1.28% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 1.01% | 1.55% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.01% | 1.31% |
| Bosch Limited | 1.00% | 1.64% |
| ITC Ltd. | 1.00% | 1.34% |
| Larsen and Toubro Ltd. | 1.00% | 1.37% |
| HCL Technologies Ltd. | 1.00% | 1.31% |
| Hindustan Aeronautics Ltd. | 1.00% | 1.44% |
| Power Grid Corporation of India Ltd. | 0.99% | 1.31% |
| MUTHOOT FINANCE LTD. | 0.99% | 1.24% |
| Bajaj Auto Ltd. | 0.99% | 1.35% |
| RELIANCE INDUSTRIES LTD. | 0.99% | 1.30% |
| Zydus Lifesciences Ltd. | 0.99% | 1.48% |
| Hindustan Unilever Ltd. | 0.99% | 1.28% |
| Hindalco Industries Ltd. | 0.99% | 1.38% |
| Cipla Ltd. | 0.99% | 1.31% |
| Wipro Ltd. | 0.99% | 1.24% |
| Power Finance Corporation Ltd. | 0.99% | 1.08% |
| PUNJAB NATIONAL BANK | 0.99% | 1.41% |
| CANARA BANK | 0.98% | 1.35% |
| Oil And Natural Gas Corporation Ltd. | 0.98% | 1.33% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.98% | 1.23% |
| UNION BANK OF INDIA | 0.97% | 1.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.9% means 31.9% 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 Nifty 100 Equal Weight ETF
| Security | % of fund |
|---|---|
| KOTAK MAHINDRA BANK LTD. | 1.06% |
| Dr.Reddy's Laboratories Ltd. | 1.05% |
| Inter Globe Aviation Ltd | 1.03% |
| Adani Ports and Special Economic Zone Limited | 1.03% |
| AXIS BANK LTD. | 1.03% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Jubilant Foodworks Limited | 1.49% |
| Jindal Stainless Limited | 1.46% |
| LIC Housing Finance Limited | 1.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty 100 Equal Weight ETF | NJ Value |
|---|---|---|
| Equity | 100.0% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.6% |
Market cap of stocks
| Market cap | Kotak Nifty 100 Equal Weight ETF | NJ Value |
|---|---|---|
| Large Cap | 94.0% | 40.9% |
| Mid Cap | 6.0% | 34.3% |
| Small Cap | 0.0% | 24.1% |
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 Nifty 100 Equal Weight ETF | NJ Value |
|---|---|---|
| Banks | 9.1% | 12.2% |
| Finance | 10.0% | 8.6% |
| IT - Software | 6.0% | 8.7% |
| Auto Components | 2.0% | 8.3% |
| Pharmaceuticals & Biotechnology | 0.0% | 7.9% |
| Automobiles | 7.0% | 4.0% |
| Power | 6.0% | 2.6% |
| Pharmaceuticals and Biotechnology | 6.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty 100 Equal Weight ETF vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty 100 Equal Weight ETF | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.60% |
| Base expense ratio (Direct) | 0.00% | 0.58% |
| Total expense ratio (Regular) | Not available | 3.39% |
| Base expense ratio (Regular) | 0.21% | 2.10% |
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 Nifty 100 Equal Weight ETF vs NJ Value Fund: Frequently Asked Questions
What is the difference between Kotak Nifty 100 Equal Weight ETF and NJ Value Fund?
Kotak Nifty 100 Equal Weight ETF is an ETF fund, NJ Value Fund is a Value and Contra fund, run by Kotak Mahindra Mutual Fund and NJ Mutual Fund. Their portfolios overlap 31.9%. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, Kotak Nifty 100 Equal Weight ETF or NJ Value Fund?
Kotak Nifty 100 Equal Weight ETF charges less: 0.36% a year against 1.60%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty 100 Equal Weight ETF and NJ Value Fund overlap?
31.9%. They hold 32 of the same securities, the largest shared ones being MARUTI, INFY, GAIL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty 100 Equal Weight ETF or NJ Value Fund?
On SEBI's riskometer, Kotak Nifty 100 Equal Weight ETF is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 14.80% and 11.23% a year.
Can I invest in both Kotak Nifty 100 Equal Weight ETF and NJ Value Fund?
Yes. 31.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty 100 Equal Weight ETF and NJ Value Fund?
Kotak Nifty 100 Equal Weight ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. NJ Value Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.