Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty 200 Momentum 30 ETF is an ETF fund and SBI Nifty200 Momentum 30 Index Fund is a mutual fund. In the year to 30-10-2026, Kotak Nifty 200 Momentum 30 ETF returned −9.6% and SBI Nifty200 Momentum 30 Index Fund (Direct) returned −9.8%. Kotak Nifty 200 Momentum 30 ETF charges 0.68% a year and SBI Nifty200 Momentum 30 Index Fund 0.86%. Their portfolios overlap 100.0%: they hold 30 of the same securities.
Kotak Nifty 200 Momentum 30 ETF
ETF
- 1 year return
- −9.6%
- Expense ratio
- 0.68%
- NAV
- ₹28.60
SBI Nifty200 Momentum 30 Index Fund
- 1 year return
- −9.8%
- Expense ratio
- 0.86%
- NAV
- ₹9.08
Which is better, Kotak Nifty 200 Momentum 30 ETF or SBI Nifty200 Momentum 30 Index? 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 200 Momentum 30 ETF returned more over 1 year: −9.6% against −9.8%.
- Kotak Nifty 200 Momentum 30 ETF costs less: 0.68% a year against 0.86%.
- Kotak Nifty 200 Momentum 30 ETF fell less in its worst fall since 16-10-2025: −16.0% against −16.1%.
- SBI Nifty200 Momentum 30 Index is the larger fund: ₹114 Cr against ₹40 Cr.
- Their portfolios overlap 100.0%: 30 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 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹40 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹28.60 | ₹9.08 (Direct) |
| Expense ratio (Direct) | Not available | 0.86% |
| Expense ratio (Regular) | Not available | 1.24% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty200 Momentum 30 TRI | Not available |
| Launch date | 10-10-2025 | 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, amp, Abhishek Bisen, Jeetu Valechha Sonar | Not available |
| Exit load | NIL | Not available |
Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: 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 200 Momentum 30 ETF | −3.14% | −4.96% | −5.07% | −9.57% | -- | -- | -- |
| SBI Nifty200 Momentum 30 Index Fund (Direct) | −3.15% | −5.00% | −5.14% | −9.75% | -- | -- | -- |
Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: Year-wise Returns
| Year | Kotak Nifty 200 Momentum 30 ETFKotak Nifty 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 IndexSBI Nifty200 Momentum 30 Index | Nifty200 Momentum 30 TRI |
|---|---|---|---|
| 2026to date | −8.02% | −8.16% | −7.62% |
Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: Rolling Returns
Every holding period of both funds, against Nifty200 Momentum 30 TRI, the benchmark of both
Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: 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 16-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty 200 Momentum 30 ETFKotak Nifty 200 Momentum 30 ETF | ₹1,30,000 | ₹1,22,054 | −₹7,946 | −10.5% |
| SBI Nifty200 Momentum 30 IndexSBI Nifty200 Momentum 30 Index Fund (Direct) | ₹1,30,000 | ₹1,22,297 | −₹7,703 | −10.1% |
Kotak Nifty 200 Momentum 30 ETFKotak Nifty 200 Momentum 30 ETF
SBI Nifty200 Momentum 30 IndexSBI Nifty200 Momentum 30 Index 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 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.57% | −9.75% |
| Standard deviation | 19.35% | 19.17% |
| Sharpe ratio | -0.77 | -0.78 |
| Sortino ratio | -1.03 | -1.06 |
| Maximum drawdown | −16.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.55% | −0.74% |
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 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.50% | −6.47% |
| Standard deviation | 19.02% | 17.70% |
| Sharpe ratio | -0.78 | -0.67 |
| Sortino ratio | -1.05 | -0.91 |
| Maximum drawdown | −16.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.55% | −0.69% |
From daily NAVs, 16-10-2025 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.
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 200 Momentum 30 ETF
SBI Nifty200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty 200 Momentum 30 ETF | −16.0% | 27-11-2025 | 30-03-2026 | Not yet | -- | −11.2% |
| SBI Nifty200 Momentum 30 Index Fund (Direct) | −16.1% | 27-11-2025 | 31-03-2026 | Not yet | -- | −11.4% |
| Nifty200 Momentum 30 TRI | −15.9% | 27-11-2025 | 30-03-2026 | Not yet | -- | −10.7% |
From daily values since 16-10-2025, 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 200 Momentum 30 ETF
SBI Nifty200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 30 TRI
Against Nifty200 Momentum 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty 200 Momentum 30 ETF | 98% | 101% | 0.26% |
| SBI Nifty200 Momentum 30 Index Fund (Direct) | 98% | 101% | 0.25% |
From month-end values since 16-10-2025. 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 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty 200 Momentum 30 ETF, September 2026; SBI Nifty200 Momentum 30 Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 30
- Only in Kotak Nifty 200 Momentum 30 ETF
- 0
- Only in SBI Nifty200 Momentum 30 Index
- 0
| Security | % of Kotak Nifty 200 Momentum 30 ETF | % of SBI Nifty200 Momentum 30 Index |
|---|---|---|
| Laurus Labs Ltd | 6.54% | 6.55% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 6.04% | 6.06% |
| Tata Steel Ltd. | 5.04% | 5.05% |
| Hindalco Industries Ltd. | 5.02% | 5.03% |
| SHRIRAM FINANCE LIMITED | 5.02% | 5.03% |
| NTPC LTD | 4.70% | 4.71% |
| ADANI POWER LTD | 4.62% | 4.63% |
| Cummins India Ltd. | 4.46% | 4.47% |
| GE VERNOVA T&D INDIA LIMITED | 4.33% | 4.33% |
| VEDANTA LTD. | 4.26% | 4.26% |
| BSE LTD | 4.14% | 4.15% |
| FEDERAL BANK LTD. | 3.74% | 3.75% |
| Bharat Heavy Electricals Ltd. | 3.64% | 3.65% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 3.34% | 3.35% |
| BHARAT FORGE LTD. | 3.20% | 3.20% |
| CG Power and Industrial Solutions Ltd. | 3.04% | 3.04% |
| HITACHI ENERGY INDIA LTD. | 2.91% | 2.90% |
| TORRENT PHARMACEUTICALS LTD. | 2.85% | 2.85% |
| ADANI ENERGY SOLUTIONS LTD. | 2.79% | 2.80% |
| National Aluminium Company Ltd. | 2.65% | 2.66% |
| polycab India Limited | 2.48% | 2.48% |
| Solar Industries India Limited | 2.16% | 2.17% |
| Adani Green Energy Ltd. | 2.07% | 2.08% |
| Vodafone Idea Ltd | 2.02% | 2.02% |
| ABB India Ltd. | 1.85% | 1.85% |
| Glenmark Pharmaceuticals Ltd | 1.75% | 1.75% |
| Steel Authority of India Ltd. | 1.68% | 1.69% |
| KEI Industries Ltd. | 1.42% | 1.42% |
| ADITYA BIRLA CAPITAL LTD | 1.34% | 1.34% |
| L&T FINANCE LTD | 0.88% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 200 Momentum 30 ETF
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty200 Momentum 30 Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | Kotak Nifty 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index |
|---|---|---|
| Large Cap | 66.4% | 66.5% |
| Mid Cap | 33.6% | 33.6% |
| 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 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index |
|---|---|---|
| Electrical Equipment | 15.8% | 15.8% |
| Power | 14.2% | 14.2% |
| Pharmaceuticals & Biotechnology | 0.0% | 11.2% |
| Pharmaceuticals and Biotechnology | 11.1% | 0.0% |
| Capital Markets | 10.2% | 10.2% |
| Industrial Products | 8.4% | 8.4% |
| Non - Ferrous Metals | 7.7% | 7.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty 200 Momentum 30 ETF | SBI Nifty200 Momentum 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.86% |
| Base expense ratio (Direct) | 0.00% | 0.34% |
| Total expense ratio (Regular) | Not available | 1.24% |
| Base expense ratio (Regular) | 0.22% | 0.67% |
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 200 Momentum 30 ETF vs SBI Nifty200 Momentum 30 Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty 200 Momentum 30 ETF and SBI Nifty200 Momentum 30 Index Fund?
Kotak Nifty 200 Momentum 30 ETF is an ETF fund, SBI Nifty200 Momentum 30 Index Fund is a mutual fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 100.0%. Kotak Nifty 200 Momentum 30 ETF charges 0.68% a year and SBI Nifty200 Momentum 30 Index Fund 0.86%.
Which has given higher returns, Kotak Nifty 200 Momentum 30 ETF or SBI Nifty200 Momentum 30 Index Fund?
Over 1 year: Kotak Nifty 200 Momentum 30 ETF −9.57%, SBI Nifty200 Momentum 30 Index Fund −9.75%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty 200 Momentum 30 ETF or SBI Nifty200 Momentum 30 Index Fund?
Kotak Nifty 200 Momentum 30 ETF charges less: 0.68% a year against 0.86%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty 200 Momentum 30 ETF and SBI Nifty200 Momentum 30 Index Fund overlap?
100.0%. They hold 30 of the same securities, the largest shared ones being LAURUSLABS, MCX, TATASTEEL. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty 200 Momentum 30 ETF and SBI Nifty200 Momentum 30 Index Fund?
Yes. 100.0% 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.