Kotak Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor 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 Sundaram Multi-Factor Fund is a Thematic fund. In the year to 30-10-2026, Kotak Nifty 100 Equal Weight ETF returned −3.9% and Sundaram Multi-Factor Fund (Direct) returned −9.3%. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and Sundaram Multi-Factor Fund 1.68%. Their portfolios overlap 41.2%: they hold 43 of the same securities.
Kotak Nifty 100 Equal Weight ETF
ETF
- 1 year return
- −3.9%
- Expense ratio
- 0.36%
- NAV
- ₹32.90
Sundaram Multi-Factor Fund
Thematic
- 1 year return
- −9.3%
- Expense ratio
- 1.68%
- NAV
- ₹9.40
Which is better, Kotak Nifty 100 Equal Weight ETF or Sundaram Multi-Factor? 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 returned more over 1 year: −3.9% against −9.3%.
- Kotak Nifty 100 Equal Weight ETF costs less: 0.36% a year against 1.68%.
- Kotak Nifty 100 Equal Weight ETF fell less in its worst fall since 23-07-2025: −13.5% against −14.9%.
- Kotak Nifty 100 Equal Weight ETF holds more in large companies: 94.0% of the fund in large caps against 59.7%.
- Sundaram Multi-Factor is the larger fund: ₹790 Cr against ₹39 Cr.
- Their portfolios overlap 41.2%: 43 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 | Sundaram Multi-Factor Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Sundaram Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹39 Cr (30-09-2026) | ₹790 Cr (30-09-2026) |
| NAV | ₹32.90 | ₹9.40 (Direct) |
| Expense ratio (Direct) | Not available | 1.68% |
| Expense ratio (Regular) | Not available | 3.14% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 100 Equal Weighted TRI | BSE 200 TRI |
| Launch date | 24-02-2025 | 22-07-2025 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Rohit Seksaria, S. Bharath, Sandeep Agarwal |
| Exit load | NIL | 1% of the applicable NAV - Any redemptions, switch or withdrawals by way of SWP would be subject to an exit load within 365 days from the date of allotment. NIL - if the units are redeemed after 365 days from the date of allotment of units. Further, exit load will be waived on Intra-scheme Switch-outs/STP. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Kotak Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: 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% | -- | -- | -- |
| Sundaram Multi-Factor Fund (Direct) | −0.69% | −4.81% | −5.99% | −9.32% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: Year-wise Returns
| Year | Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF | Sundaram Multi-FactorSundaram Multi-Factor |
|---|---|---|
| 2026to date | −3.59% | −11.37% |
Kotak Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: Rolling Returns
Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of Kotak Nifty 100 Equal Weight ETF
Rolling returns
Every 1-year holding period, 67 of them, one for each trading day from 23-07-2026 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 Nifty 100 Equal Weight ETF
Sundaram Multi-Factor Fund (Direct)
Nifty100 Equal Weight TRI
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 Nifty 100 Equal Weight ETF | 26.9 | 23.9 | 31.3 | 17.9 | 0.0 | 0.0 | 0.0 | 4.2% | 4.9% | −5.9% | 13.0% | 1% |
| Sundaram Multi-Factor | 79.1 | 20.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.4% | −2.4% | −11.4% | 3.1% | 0% |
| Nifty100 Equal Weight TRI | 26.9 | 20.9 | 32.8 | 19.4 | 0.0 | 0.0 | 0.0 | 4.5% | 5.2% | −5.8% | 13.3% | -- |
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 Nifty100 Equal Weight 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 23-07-2025. Past returns do not promise future returns.
Kotak Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF | ₹1,60,000 | ₹1,56,997 | −₹3,003 | −2.7% |
| Sundaram Multi-FactorSundaram Multi-Factor Fund (Direct) | ₹1,60,000 | ₹1,50,005 | −₹9,995 | −8.9% |
Kotak Nifty 100 Equal Weight ETFKotak Nifty 100 Equal Weight ETF
Sundaram Multi-FactorSundaram Multi-Factor Fund (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 Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: 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 | Sundaram Multi-Factor Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.92% | −9.32% |
| Standard deviation | 15.44% | 14.46% |
| Sharpe ratio | -0.59 | -1.01 |
| Sortino ratio | -0.78 | -1.32 |
| Maximum drawdown | −13.5% (30-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.12% | −1.35% |
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 Nifty 100 Equal Weight ETF | Sundaram Multi-Factor Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.13% | −4.83% |
| Standard deviation | 14.80% | 13.38% |
| Sharpe ratio | 0.32 | -0.76 |
| Sortino ratio | 0.44 | -1.00 |
| Maximum drawdown | −13.5% (30-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.33% | −0.73% |
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
Sundaram Multi-Factor 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 | −13.5% | 07-01-2026 | 30-03-2026 | 27-05-2026 | 58 days | −8.7% |
| Sundaram Multi-Factor Fund (Direct) | −14.9% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.6% |
| Nifty100 Equal Weight TRI | −13.4% | 07-01-2026 | 30-03-2026 | 27-05-2026 | 58 days | −8.8% |
From daily values since 23-07-2025, 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 Nifty 100 Equal Weight ETF
Sundaram Multi-Factor Fund (Direct)
Nifty100 Equal Weight TRI
Against Nifty100 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty 100 Equal Weight ETF | 99% | 100% | 0.16% |
| Sundaram Multi-Factor Fund (Direct) | 67% | 99% | 5.26% |
From month-end values since 23-07-2025. 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 Nifty 100 Equal Weight ETF vs Sundaram Multi-Factor: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty 100 Equal Weight ETF, September 2026; Sundaram Multi-Factor Fund, September 2026
Holdings in common
- Overlap
- 41.2%
- Held by both
- 43
- Only in Kotak Nifty 100 Equal Weight ETF
- 57
- Only in Sundaram Multi-Factor
- 25
| Security | % of Kotak Nifty 100 Equal Weight ETF | % of Sundaram Multi-Factor |
|---|---|---|
| AXIS BANK LTD. | 1.03% | 1.12% |
| Coal India Limited | 1.02% | 1.68% |
| ICICI BANK LTD. | 1.02% | 2.65% |
| Infosys Ltd. | 1.02% | 2.00% |
| TVS Motor Company Ltd. | 1.01% | 1.41% |
| GAIL (India) Ltd. | 1.01% | 1.36% |
| TATA CONSULTANCY SERVICES LTD. | 1.01% | 1.19% |
| NTPC LTD | 1.01% | 1.30% |
| JSW Steel Ltd. | 1.01% | 1.37% |
| BANK OF BARODA | 1.01% | 1.27% |
| Tata Steel Ltd. | 1.01% | 1.63% |
| BHARTI AIRTEL LTD. | 1.01% | 1.53% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 1.01% | 1.18% |
| Bosch Limited | 1.00% | 2.71% |
| ITC Ltd. | 1.00% | 1.31% |
| Larsen and Toubro Ltd. | 1.00% | 1.24% |
| Bajaj Finserv Ltd. | 1.00% | 1.39% |
| Power Grid Corporation of India Ltd. | 0.99% | 1.35% |
| MUTHOOT FINANCE LTD. | 0.99% | 1.55% |
| Bajaj Auto Ltd. | 0.99% | 1.13% |
| Divis Laboratories Ltd. | 0.99% | 1.32% |
| RELIANCE INDUSTRIES LTD. | 0.99% | 2.33% |
| Zydus Lifesciences Ltd. | 0.99% | 1.21% |
| Hindalco Industries Ltd. | 0.99% | 1.27% |
| HDFC BANK LTD. | 0.99% | 3.05% |
| CG Power and Industrial Solutions Ltd. | 0.99% | 1.43% |
| Wipro Ltd. | 0.99% | 1.94% |
| ABB India Ltd. | 0.99% | 1.07% |
| PUNJAB NATIONAL BANK | 0.99% | 1.32% |
| Hindustan Zinc Ltd. | 0.99% | 1.64% |
| SIEMENS ENERGY INDIA LTD | 0.99% | 1.31% |
| CANARA BANK | 0.98% | 1.26% |
| Oil And Natural Gas Corporation Ltd. | 0.98% | 1.31% |
| JIO FINANCIAL SERVICES LTD | 0.98% | 1.27% |
| ETERNAL LIMITED | 0.98% | 1.47% |
| UNION BANK OF INDIA | 0.97% | 1.26% |
| TITAN COMPANY LTD. | 0.96% | 2.42% |
| Max Healthcare Institute Ltd. | 0.94% | 1.37% |
| KOTAK MAHINDRA BANK LTD. | 1.06% | 0.93% |
| Mahindra & Mahindra Ltd. | 1.00% | 0.76% |
| BAJAJ FINANCE LTD. | 0.99% | 0.73% |
| SHRIRAM FINANCE LIMITED | 1.01% | 0.49% |
| Power Finance Corporation Ltd. | 0.99% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.2% means 41.2% 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 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% |
| ADANI POWER LTD | 1.03% |
| Avenue Supermarts Ltd | 1.02% |
Largest holdings only in Sundaram Multi-Factor Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Ltd | 3.18% |
| Lupin Ltd | 2.79% |
| Oracle Financial Services Software Ltd | 2.51% |
| REC Ltd | 2.13% |
| Bharat Heavy Electricals Ltd | 1.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty 100 Equal Weight ETF | Sundaram Multi-Factor |
|---|---|---|
| Equity | 100.0% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.3% |
Market cap of stocks
| Market cap | Kotak Nifty 100 Equal Weight ETF | Sundaram Multi-Factor |
|---|---|---|
| Large Cap | 94.0% | 59.7% |
| Mid Cap | 6.0% | 39.9% |
| 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 Nifty 100 Equal Weight ETF | Sundaram Multi-Factor |
|---|---|---|
| Banks | 9.1% | 14.0% |
| Finance | 10.0% | 8.0% |
| Electrical Equipment | 5.0% | 8.9% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.9% |
| It - Software | 0.0% | 7.7% |
| Automobiles | 7.0% | 4.8% |
| Auto Components | 2.0% | 6.6% |
| Power | 6.0% | 2.6% |
| IT - Software | 6.0% | 0.0% |
| 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 Sundaram Multi-Factor: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty 100 Equal Weight ETF | Sundaram Multi-Factor Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.68% |
| Base expense ratio (Direct) | 0.00% | 0.72% |
| Total expense ratio (Regular) | Not available | 3.14% |
| Base expense ratio (Regular) | 0.21% | 2.03% |
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 Sundaram Multi-Factor Fund: Frequently Asked Questions
What is the difference between Kotak Nifty 100 Equal Weight ETF and Sundaram Multi-Factor Fund?
Kotak Nifty 100 Equal Weight ETF is an ETF fund, Sundaram Multi-Factor Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 41.2%. Kotak Nifty 100 Equal Weight ETF charges 0.36% a year and Sundaram Multi-Factor Fund 1.68%.
Which has given higher returns, Kotak Nifty 100 Equal Weight ETF or Sundaram Multi-Factor Fund?
Over 1 year: Kotak Nifty 100 Equal Weight ETF −3.92%, Sundaram Multi-Factor Fund −9.32%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty 100 Equal Weight ETF or Sundaram Multi-Factor Fund?
Kotak Nifty 100 Equal Weight ETF charges less: 0.36% a year against 1.68%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty 100 Equal Weight ETF and Sundaram Multi-Factor Fund overlap?
41.2%. They hold 43 of the same securities, the largest shared ones being AXISBANK, COALINDIA, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty 100 Equal Weight ETF or Sundaram Multi-Factor Fund?
On SEBI's riskometer, Kotak Nifty 100 Equal Weight ETF is rated Very High and Sundaram Multi-Factor Fund Very High. Over 1 years, the standard deviation of daily returns was 15.44% and 14.46% a year.
Can I invest in both Kotak Nifty 100 Equal Weight ETF and Sundaram Multi-Factor Fund?
Yes. 41.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Nifty 100 Equal Weight ETF and Sundaram Multi-Factor Fund?
Kotak Nifty 100 Equal Weight ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Sundaram Multi-Factor Fund: Rohit Seksaria, S. Bharath, Sandeep Agarwal.
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.