Kotak Nifty 50 Equal Weight Index Fund vs LIC MF Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty 50 Equal Weight Index Fund is an Index fund and LIC MF Dividend Yield Fund is a Dividend Yield fund. In the year to 30-10-2026, Kotak Nifty 50 Equal Weight Index Fund (Direct) returned −4.8% and LIC MF Dividend Yield Fund (Direct) returned −2.2%. Kotak Nifty 50 Equal Weight Index Fund charges 0.51% a year and LIC MF Dividend Yield Fund 0.97% (Direct plans). Their portfolios overlap 29.3%: they hold 17 of the same securities.
Kotak Nifty 50 Equal Weight Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.51%
- NAV
- ₹10.71
LIC MF Dividend Yield Fund
Dividend Yield
- 1 year return
- −2.2%
- Expense ratio
- 0.97%
- NAV
- ₹33.71
Which is better, Kotak Nifty 50 Equal Weight Index or LIC MF Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Dividend Yield returned more over 1 year: −2.2% against −4.8%.
- Kotak Nifty 50 Equal Weight Index costs less: 0.51% a year against 0.97% (Direct plans).
- Kotak Nifty 50 Equal Weight Index fell less in its worst fall since 30-12-2024: −12.5% against −16.0%.
- Kotak Nifty 50 Equal Weight Index holds more in large companies: 97.3% of the fund in large caps against 42.5%.
- LIC MF Dividend Yield is the larger fund: ₹738 Cr against ₹71 Cr.
- Their portfolios overlap 29.3%: 17 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 50 Equal Weight Index Fund | LIC MF Dividend Yield Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | LIC Mutual Fund |
| Category | Index | Dividend Yield |
| AUM | ₹71 Cr (30-09-2026) | ₹738 Cr (30-09-2026) |
| NAV | ₹10.71 (Direct) | ₹33.71 (Direct) |
| Expense ratio (Direct) | 0.51% | 0.97% |
| Expense ratio (Regular) | 1.01% | 2.44% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Equal Weight TRI | Nifty 500 TRI |
| Launch date | 23-12-2024 | 21-12-2018 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Dikshit Mittal, Sumit Bhatnagar |
| Exit load | Nil | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. |
Kotak Nifty 50 Equal Weight Index vs LIC MF Dividend Yield: 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 50 Equal Weight Index Fund (Direct) | +1.33% | −5.83% | −2.34% | −4.82% | -- | -- | -- |
| LIC MF Dividend Yield Fund (Direct) | −4.08% | −4.94% | +2.30% | −2.19% | +17.64% | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
Kotak Nifty 50 Equal Weight Index vs LIC MF Dividend Yield: Year-wise Returns
| Year | Kotak Nifty 50 Equal Weight IndexKotak Nifty 50 Equal Weight Index | LIC MF Dividend YieldLIC MF Dividend Yield |
|---|---|---|
| 2026to date | −5.48% | −0.50% |
| 2025 | +13.42% | +4.39% |
| 2024 | -- | +33.29% |
Kotak Nifty 50 Equal Weight Index vs LIC MF Dividend Yield: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of Kotak Nifty 50 Equal Weight Index Fund
Rolling returns
Every 1-year holding period, 205 of them, one for each trading day from 30-12-2025 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 50 Equal Weight Index Fund (Direct)
LIC MF Dividend Yield Fund (Direct)
NIFTY50 Equal Weight TRI
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 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 Nifty 50 Equal Weight Index | 14.6 | 28.8 | 26.8 | 21.0 | 8.8 | 0.0 | 0.0 | 6.5% | 5.8% | −7.4% | 18.7% | 0% |
| LIC MF Dividend Yield | 7.3 | 32.2 | 36.1 | 20.5 | 3.9 | 0.0 | 0.0 | 6.6% | 6.0% | −3.5% | 18.4% | 40% |
| NIFTY50 Equal Weight TRI | 13.2 | 22.9 | 29.3 | 22.4 | 12.2 | 0.0 | 0.0 | 7.3% | 6.4% | −7.3% | 19.9% | -- |
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 NIFTY50 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 30-12-2024. Past returns do not promise future returns.
Kotak Nifty 50 Equal Weight Index vs LIC MF Dividend Yield: 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 30-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty 50 Equal Weight IndexKotak Nifty 50 Equal Weight Index Fund (Direct) | ₹2,30,000 | ₹2,31,672 | ₹1,672 | 0.7% |
| LIC MF Dividend YieldLIC MF Dividend Yield Fund (Direct) | ₹2,30,000 | ₹2,36,435 | ₹6,435 | 2.8% |
Kotak Nifty 50 Equal Weight IndexKotak Nifty 50 Equal Weight Index Fund (Direct)
LIC MF Dividend YieldLIC MF Dividend Yield 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 50 Equal Weight Index vs LIC MF Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty 50 Equal Weight Index Fund (Direct) | LIC MF Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.82% | −2.19% |
| Standard deviation | 13.71% | 15.46% |
| Sharpe ratio | -0.73 | -0.48 |
| Sortino ratio | -0.98 | -0.66 |
| Maximum drawdown | −12.5% (30-03-2026) | −16.0% (31-03-2026) |
| Beta | 1.00 | 1.02 |
| Alpha | −0.07% | +5.37% |
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 50 Equal Weight Index Fund (Direct) | LIC MF Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.95% | +16.07% |
| Standard deviation | 13.52% | 15.55% |
| Sharpe ratio | -0.12 | 0.64 |
| Sortino ratio | -0.16 | 0.87 |
| Maximum drawdown | −12.5% (30-03-2026) | −20.4% (28-02-2025) |
| Beta | 1.00 | 1.05 |
| Alpha | −0.64% | +6.89% |
From daily NAVs, 30-12-2024 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 50 Equal Weight Index Fund (Direct)
LIC MF Dividend Yield Fund (Direct)
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty 50 Equal Weight Index Fund (Direct) | −12.5% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.7% |
| LIC MF Dividend Yield Fund (Direct) | −16.0% | 02-01-2025 | 28-02-2025 | 06-06-2025 | 3 months | −7.9% |
| NIFTY50 Equal Weight TRI | −12.4% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.0% |
From daily values since 30-12-2024, 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 50 Equal Weight Index Fund (Direct)
LIC MF Dividend Yield Fund (Direct)
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty 50 Equal Weight Index Fund (Direct) | 98% | 101% | 0.38% |
| LIC MF Dividend Yield Fund (Direct) | 91% | 98% | 10.08% |
From month-end values since 30-12-2024. 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 50 Equal Weight Index vs LIC MF Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty 50 Equal Weight Index Fund, September 2026; LIC MF Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 29.3%
- Held by both
- 17
- Only in Kotak Nifty 50 Equal Weight Index
- 33
- Only in LIC MF Dividend Yield
- 39
| Security | % of Kotak Nifty 50 Equal Weight Index | % of LIC MF Dividend Yield |
|---|---|---|
| KOTAK MAHINDRA BANK LTD. | 2.14% | 2.68% |
| AXIS BANK LTD. | 2.08% | 2.55% |
| Inter Globe Aviation Ltd | 2.09% | 2.07% |
| ICICI BANK LTD. | 2.07% | 3.59% |
| Bharat Electronics Ltd. | 2.05% | 2.18% |
| NTPC LTD | 2.05% | 2.04% |
| TATA CONSULTANCY SERVICES LTD. | 2.04% | 2.45% |
| HDFC BANK LTD. | 2.00% | 4.71% |
| Apollo Hospitals Enterprise Ltd. | 1.91% | 2.00% |
| Bajaj Auto Ltd. | 2.00% | 1.85% |
| SHRIRAM FINANCE LIMITED | 2.05% | 1.78% |
| Grasim Industries Ltd. | 1.99% | 1.69% |
| Hindustan Unilever Ltd. | 2.01% | 1.29% |
| TATA MOTORS PASSENGER VEHICLES LTD | 2.02% | 1.18% |
| Mahindra & Mahindra Ltd. | 2.02% | 1.12% |
| BHARTI AIRTEL LTD. | 2.04% | 1.06% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 2.03% | 0.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.3% means 29.3% 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 50 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Dr.Reddy's Laboratories Ltd. | 2.13% |
| Adani Ports and Special Economic Zone Limited | 2.09% |
| Coal India Limited | 2.07% |
| Infosys Ltd. | 2.06% |
| Maruti Suzuki India Limited | 2.06% |
Largest holdings only in LIC MF Dividend Yield Fund
| Security | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd. | 4.31% |
| Avalon Technologies Ltd. | 3.49% |
| Allied Blenders And Distillers Ltd. | 2.69% |
| Neuland Laboratories Ltd. | 2.24% |
| LG Electronics India Ltd. | 2.15% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty 50 Equal Weight Index | LIC MF Dividend Yield |
|---|---|---|
| Equity | 101.3% | 95.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -1.3% | 4.9% |
Market cap of stocks
| Market cap | Kotak Nifty 50 Equal Weight Index | LIC MF Dividend Yield |
|---|---|---|
| Large Cap | 97.3% | 42.5% |
| Mid Cap | 4.0% | 19.9% |
| Small Cap | 0.0% | 32.5% |
| Not on AMFI's list | 0.0% | 0.2% |
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 50 Equal Weight Index | LIC MF Dividend Yield |
|---|---|---|
| Banks | 10.3% | 14.6% |
| Automobiles | 10.1% | 5.8% |
| IT - Software | 8.2% | 3.8% |
| Finance | 8.1% | 5.0% |
| Electrical Equipment | 0.0% | 7.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.4% |
| Industrial Products | 0.0% | 6.2% |
| Pharmaceuticals and Biotechnology | 6.2% | 0.0% |
| Ferrous Metals | 4.1% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty 50 Equal Weight Index vs LIC MF Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty 50 Equal Weight Index Fund | LIC MF Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.51% | 0.97% |
| Base expense ratio (Direct) | 0.18% | 0.72% |
| Total expense ratio (Regular) | 1.01% | 2.44% |
| Base expense ratio (Regular) | 0.60% | 2.04% |
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 50 Equal Weight Index Fund vs LIC MF Dividend Yield Fund: Frequently Asked Questions
What is the difference between Kotak Nifty 50 Equal Weight Index Fund and LIC MF Dividend Yield Fund?
Kotak Nifty 50 Equal Weight Index Fund is an Index fund, LIC MF Dividend Yield Fund is a Dividend Yield fund, run by Kotak Mahindra Mutual Fund and LIC Mutual Fund. Their portfolios overlap 29.3%. Kotak Nifty 50 Equal Weight Index Fund charges 0.51% a year and LIC MF Dividend Yield Fund 0.97%.
Which has given higher returns, Kotak Nifty 50 Equal Weight Index Fund or LIC MF Dividend Yield Fund?
Over 1 year: Kotak Nifty 50 Equal Weight Index Fund −4.82%, LIC MF Dividend Yield Fund −2.19%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty 50 Equal Weight Index Fund or LIC MF Dividend Yield Fund?
Kotak Nifty 50 Equal Weight Index Fund charges less: 0.51% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty 50 Equal Weight Index Fund and LIC MF Dividend Yield Fund overlap?
29.3%. They hold 17 of the same securities, the largest shared ones being KOTAKBANK, AXISBANK, INDIGO. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty 50 Equal Weight Index Fund or LIC MF Dividend Yield Fund?
On SEBI's riskometer, Kotak Nifty 50 Equal Weight Index Fund is rated Very High and LIC MF Dividend Yield Fund Very High. Over 1 years, the standard deviation of daily returns was 13.71% and 15.46% a year.
Can I invest in both Kotak Nifty 50 Equal Weight Index Fund and LIC MF Dividend Yield Fund?
Yes. 29.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty 50 Equal Weight Index Fund and LIC MF Dividend Yield Fund?
Kotak Nifty 50 Equal Weight Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. LIC MF Dividend Yield Fund: Dikshit Mittal, Sumit Bhatnagar.
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.