Kotak Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid 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 SBI Balanced Hybrid Fund is a mutual fund. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and SBI Balanced Hybrid Fund 1.46%. Their portfolios overlap 15.0%: they hold 15 of the same securities.
Which is better, Kotak Nifty 100 Equal Weight ETF or SBI Balanced Hybrid? 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 1.46%.
- SBI Balanced Hybrid fell less in its worst fall since 04-09-2026: −3.9% against −8.4%.
- Kotak Nifty 100 Equal Weight ETF holds more in large companies: 94.0% of the fund in large caps against 18.7%.
- SBI Balanced Hybrid is the larger fund: ₹1,980 Cr against ₹39 Cr.
- Their portfolios overlap 15.0%: 15 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 | SBI Balanced Hybrid Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹39 Cr (30-09-2026) | ₹1,980 Cr (30-09-2026) |
| NAV | ₹32.90 | ₹9.82 (Direct) |
| Expense ratio (Direct) | Not available | 1.46% |
| Expense ratio (Regular) | Not available | 2.61% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 100 Equal Weighted TRI | Not available |
| Launch date | 24-02-2025 | 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 Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid: 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% | -- | -- | -- |
| SBI Balanced Hybrid Fund (Direct) | −1.42% | -- | -- | -- | -- | -- | -- |
Kotak Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid: Year-wise Returns
| Year | Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF | SBI Balanced HybridSBI Balanced Hybrid |
|---|---|---|
| 2026to date | −3.59% | -- |
Kotak Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid: 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 SBI Balanced Hybrid: 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 | SBI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.13% | −12.09% |
| Standard deviation | 14.80% | 7.82% |
| Sharpe ratio | 0.32 | -2.23 |
| Sortino ratio | 0.44 | -2.71 |
| Maximum drawdown | −13.5% (30-03-2026) | −3.9% (23-10-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.33% | -- |
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
SBI Balanced Hybrid 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 | −8.4% | 04-09-2026 | 23-10-2026 | Not yet | -- | −6.0% |
| SBI Balanced Hybrid Fund (Direct) | −3.9% | 10-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty100 Equal Weight TRI | −8.5% | 04-09-2026 | 23-10-2026 | Not yet | -- | −6.1% |
From daily values since 04-09-2026, the first day every fund has.
Kotak Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty 100 Equal Weight ETF, September 2026; SBI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 15
- Only in Kotak Nifty 100 Equal Weight ETF
- 85
- Only in SBI Balanced Hybrid
- 25
| Security | % of Kotak Nifty 100 Equal Weight ETF | % of SBI Balanced Hybrid |
|---|---|---|
| KOTAK MAHINDRA BANK LTD. | 1.06% | 1.69% |
| Adani Enterprises Ltd | 1.02% | 1.17% |
| Solar Industries India Limited | 1.02% | 1.59% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.01% | 1.38% |
| Bosch Limited | 1.00% | 1.19% |
| Eicher Motors Ltd. | 1.00% | 1.30% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 1.00% | 1.47% |
| TORRENT PHARMACEUTICALS LTD. | 0.99% | 1.21% |
| Divis Laboratories Ltd. | 0.99% | 1.17% |
| HDFC BANK LTD. | 0.99% | 1.72% |
| HYUNDAI MOTORS INDIA LTD | 0.99% | 1.03% |
| BSE LTD | 0.99% | 1.17% |
| VEDANTA ALUMINIUM METAL LTD | 0.99% | 1.25% |
| BAJAJ FINANCE LTD. | 0.99% | 1.55% |
| TML COMMERCIAL VEHICLES LIMITED | 0.98% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 |
|---|---|
| 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% |
| ADANI POWER LTD | 1.03% |
Largest holdings only in SBI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 7.58% |
| Indian Overseas Bank | 7.58% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 6.19% |
| L&T Metro Rail (Hyderabad) Ltd. | 4.99% |
| Interise Trust | 4.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty 100 Equal Weight ETF | SBI Balanced Hybrid |
|---|---|---|
| Equity | 100.0% | 41.8% |
| Debt | 0.0% | 37.2% |
| Cash and others | 0.0% | 21.0% |
Market cap of stocks
| Market cap | Kotak Nifty 100 Equal Weight ETF | SBI Balanced Hybrid |
|---|---|---|
| Large Cap | 94.0% | 18.7% |
| Mid Cap | 6.0% | 4.9% |
| Small Cap | 0.0% | 18.2% |
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 Nifty 100 Equal Weight ETF | SBI Balanced Hybrid |
|---|---|---|
| Finance | 10.0% | 4.7% |
| Auto Components | 2.0% | 9.3% |
| Banks | 9.1% | 3.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.9% |
| Automobiles | 7.0% | 2.3% |
| Power | 6.0% | 0.0% |
| IT - Software | 6.0% | 0.0% |
| Pharmaceuticals and Biotechnology | 6.0% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty 100 Equal Weight ETF | SBI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.46% |
| Base expense ratio (Direct) | 0.00% | 0.56% |
| Total expense ratio (Regular) | Not available | 2.61% |
| Base expense ratio (Regular) | 0.21% | 1.54% |
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 Nifty 100 Equal Weight ETF vs SBI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between Kotak Nifty 100 Equal Weight ETF and SBI Balanced Hybrid Fund?
Kotak Nifty 100 Equal Weight ETF is an ETF fund, SBI Balanced Hybrid Fund is a mutual fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 15.0%. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and SBI Balanced Hybrid Fund 1.46%.
Which has the lower expense ratio, Kotak Nifty 100 Equal Weight ETF or SBI Balanced Hybrid Fund?
Kotak Nifty 100 Equal Weight ETF charges less: 0.36% a year against 1.46%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty 100 Equal Weight ETF and SBI Balanced Hybrid Fund overlap?
15.0%. They hold 15 of the same securities, the largest shared ones being KOTAKBANK, ADANIENT, SOLARINDS. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty 100 Equal Weight ETF and SBI Balanced Hybrid Fund?
Yes. 15.0% 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.