Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Alpha 50 ETF is an ETF fund and Kotak Nifty Alpha 50 Index Fund is an Index fund. In the year to 30-10-2026, Kotak Nifty Alpha 50 ETF returned 1.4% and Kotak Nifty Alpha 50 Index Fund (Direct) returned 1.1%. Kotak Nifty Alpha 50 ETF charges 0.71% a year and Kotak Nifty Alpha 50 Index Fund 1.09%. Their portfolios overlap 99.0%: they hold 50 of the same securities.
Kotak Nifty Alpha 50 Index Fund
Index
- 1 year return
- 1.1%
- Expense ratio
- 1.09%
- NAV
- ₹10.09
Which is better, Kotak Nifty Alpha 50 ETF or Kotak Nifty Alpha 50 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 Alpha 50 ETF returned more over 1 year: 1.4% against 1.1%.
- Kotak Nifty Alpha 50 ETF costs less: 0.71% a year against 1.09%.
- Kotak Nifty Alpha 50 ETF fell less in its worst fall since 22-08-2025: −15.1% against −15.2%.
- Kotak Nifty Alpha 50 ETF is the larger fund: ₹892 Cr against ₹55 Cr.
- Their portfolios overlap 99.0%: 50 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 Alpha 50 ETF | Kotak Nifty Alpha 50 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹892 Cr (30-09-2026) | ₹55 Cr (30-09-2026) |
| NAV | ₹49.77 | ₹10.09 (Direct) |
| Expense ratio (Direct) | Not available | 1.09% |
| Expense ratio (Regular) | Not available | 1.68% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Alpha 50 TRI | Nifty Alpha 50 TRI |
| Launch date | 22-12-2021 | 19-08-2025 |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Authorized Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any b | ₹100 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 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 Alpha 50 ETF | −3.14% | −3.04% | +2.16% | +1.38% | +13.53% | -- | -- |
| Kotak Nifty Alpha 50 Index Fund (Direct) | −3.08% | −3.05% | +2.07% | +1.08% | -- | -- | -- |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 Index: Year-wise Returns
| Year | ETFKotak Nifty Alpha 50 ETF | IndexKotak Nifty Alpha 50 Index | Nifty Alpha 50 TRI |
|---|---|---|---|
| 2026to date | +3.29% | +3.11% | +4.79% |
| 2025 | −10.82% | -- | −10.17% |
| 2024 | +32.40% | -- | +33.86% |
| 2023 | +41.79% | -- | +43.62% |
| 2022 | −16.57% | -- | −13.47% |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Alpha 50 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 45 of them, one for each trading day from 24-08-2026 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 Alpha 50 ETF
Kotak Nifty Alpha 50 Index Fund (Direct)
Nifty Alpha 50 TRI
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 Alpha 50 ETF | 6.7 | 13.3 | 46.7 | 28.9 | 4.4 | 0.0 | 0.0 | 8.1% | 8.4% | −3.3% | 17.1% | 0% |
| Kotak Nifty Alpha 50 Index | 6.7 | 13.3 | 51.1 | 24.4 | 4.4 | 0.0 | 0.0 | 7.7% | 8.0% | −3.6% | 16.5% | 0% |
| Nifty Alpha 50 TRI | 2.2 | 11.1 | 44.4 | 33.3 | 8.9 | 0.0 | 0.0 | 9.2% | 9.6% | −1.8% | 17.7% | -- |
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 Nifty Alpha 50 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 22-08-2025. Past returns do not promise future returns.
Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 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 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Alpha 50 ETFKotak Nifty Alpha 50 ETF | ₹1,50,000 | ₹1,52,420 | ₹2,420 | 2.4% |
| Kotak Nifty Alpha 50 IndexKotak Nifty Alpha 50 Index Fund (Direct) | ₹1,50,000 | ₹1,52,086 | ₹2,086 | 2.1% |
Kotak Nifty Alpha 50 ETFKotak Nifty Alpha 50 ETF
Kotak Nifty Alpha 50 IndexKotak Nifty Alpha 50 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 Alpha 50 ETF vs Kotak Nifty Alpha 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Alpha 50 ETF | Kotak Nifty Alpha 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.38% | +1.08% |
| Standard deviation | 20.35% | 20.12% |
| Sharpe ratio | -0.19 | -0.21 |
| Sortino ratio | -0.26 | -0.28 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.62% | −1.92% |
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 Alpha 50 ETF | Kotak Nifty Alpha 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.13% | +0.67% |
| Standard deviation | 21.61% | 19.19% |
| Sharpe ratio | 0.10 | -0.24 |
| Sortino ratio | 0.14 | -0.33 |
| Maximum drawdown | −33.5% (27-02-2023) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.90% | −1.84% |
From daily NAVs, 29-12-2021 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 Alpha 50 ETF
Kotak Nifty Alpha 50 Index Fund (Direct)
Nifty Alpha 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Alpha 50 ETF | −15.1% | 17-11-2025 | 31-03-2026 | 07-05-2026 | 37 days | −10.0% |
| Kotak Nifty Alpha 50 Index Fund (Direct) | −15.2% | 17-11-2025 | 30-03-2026 | 07-05-2026 | 38 days | −9.9% |
| Nifty Alpha 50 TRI | −15.0% | 17-11-2025 | 30-03-2026 | 07-05-2026 | 38 days | −8.9% |
From daily values since 22-08-2025, 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 Alpha 50 ETF
Kotak Nifty Alpha 50 Index Fund (Direct)
Nifty Alpha 50 TRI
Against Nifty Alpha 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Alpha 50 ETF | 99% | 105% | 0.72% |
| Kotak Nifty Alpha 50 Index Fund (Direct) | 98% | 105% | 0.75% |
From month-end values since 22-08-2025. 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 Alpha 50 ETF vs Kotak Nifty Alpha 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Alpha 50 ETF, September 2026; Kotak Nifty Alpha 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.0%
- Held by both
- 50
- Only in Kotak Nifty Alpha 50 ETF
- 0
- Only in Kotak Nifty Alpha 50 Index
- 0
| Security | % of Kotak Nifty Alpha 50 ETF | % of Kotak Nifty Alpha 50 Index |
|---|---|---|
| CUPID LTD. | 8.46% | 8.51% |
| STERLITE TECHNOLOGIES LIMITED. | 5.33% | 5.25% |
| MTAR TECHNOLOGIES LIMITED | 4.89% | 4.82% |
| TD POWER SYSTEMS LTD. | 4.14% | 4.17% |
| ATHER ENERGY LTD | 3.85% | 3.84% |
| Welspun Corp Limited | 3.53% | 3.55% |
| Kirloskar Oil Engines Ltd. | 3.25% | 3.27% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 2.57% | 2.56% |
| Apar Industries Ltd. | 2.55% | 2.55% |
| HINDUSTAN COPPER LTD. | 2.55% | 2.54% |
| Ami Organics Ltd | 2.49% | 2.48% |
| Laurus Labs Ltd | 2.44% | 2.43% |
| Bharat Heavy Electricals Ltd. | 2.35% | 2.35% |
| Vodafone Idea Ltd | 2.27% | 2.27% |
| HFCL LTD | 2.26% | 3.60% |
| SHRIRAM FINANCE LIMITED | 2.15% | 2.14% |
| National Aluminium Company Ltd. | 2.07% | 2.06% |
| ADANI ENERGY SOLUTIONS LTD. | 1.98% | 1.97% |
| BHARAT FORGE LTD. | 1.96% | 1.96% |
| FEDERAL BANK LTD. | 1.89% | 1.89% |
| NAVIN FLUORINE INTERNATIONAL LTD. | 1.81% | 1.81% |
| VEDANTA LTD. | 1.73% | 1.72% |
| HITACHI ENERGY INDIA LTD. | 1.72% | 1.71% |
| ADANI POWER LTD | 1.57% | 1.57% |
| KARUR VYSYA BANK LTD. | 1.56% | 1.56% |
| Steel Authority of India Ltd. | 1.52% | 1.51% |
| GE VERNOVA T&D INDIA LIMITED | 1.45% | 1.44% |
| BSE LTD | 1.44% | 1.43% |
| India Infoline Ltd | 1.35% | 1.35% |
| AU SMALL FINANCE BANK LTD. | 1.32% | 1.32% |
| Radico Khaitan Ltd. | 1.32% | 1.31% |
| UNION BANK OF INDIA | 1.31% | 1.31% |
| ADITYA BIRLA CAPITAL LTD | 1.31% | 1.30% |
| FSN E-Commerce Ventures Ltd. | 1.26% | 1.26% |
| L&T FINANCE LTD | 1.26% | 1.25% |
| One 97 Communications Ltd | 1.22% | 1.22% |
| RBL BANK LTD. | 1.19% | 1.18% |
| Solar Industries India Limited | 1.16% | 1.16% |
| Ashok Leyland Ltd. | 1.14% | 1.14% |
| Hindalco Industries Ltd. | 1.09% | 1.08% |
| INDIAN BANK | 1.05% | 1.05% |
| TVS Motor Company Ltd. | 0.93% | 0.93% |
| polycab India Limited | 0.88% | 0.88% |
| Cummins India Ltd. | 0.88% | 0.88% |
| STATE BANK OF INDIA. | 0.88% | 0.88% |
| Eicher Motors Ltd. | 0.88% | 0.87% |
| Manappuram Finance Ltd. | 0.85% | 0.85% |
| BANK OF INDIA | 0.85% | 0.85% |
| Glenmark Pharmaceuticals Ltd | 0.78% | 0.78% |
| CANARA BANK | 0.69% | 0.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.0% means 99.0% 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 Alpha 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Alpha 50 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 Alpha 50 ETF | Kotak Nifty Alpha 50 Index |
|---|---|---|
| Equity | 99.4% | 100.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.6% | -0.5% |
Market cap of stocks
| Market cap | Kotak Nifty Alpha 50 ETF | Kotak Nifty Alpha 50 Index |
|---|---|---|
| Large Cap | 25.0% | 24.9% |
| Mid Cap | 29.5% | 29.4% |
| Small Cap | 40.8% | 42.1% |
| Not on AMFI's list | 4.1% | 4.2% |
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 Alpha 50 ETF | Kotak Nifty Alpha 50 Index |
|---|---|---|
| Electrical Equipment | 17.1% | 17.0% |
| Banks | 10.7% | 10.7% |
| Industrial Products | 8.5% | 8.6% |
| Personal Products | 8.5% | 8.5% |
| Finance | 6.9% | 6.9% |
| Telecom - Services | 4.5% | 5.9% |
| Non - Ferrous Metals | 5.7% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Alpha 50 ETF vs Kotak Nifty Alpha 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Alpha 50 ETF | Kotak Nifty Alpha 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.09% |
| Base expense ratio (Direct) | 0.00% | 0.30% |
| Total expense ratio (Regular) | Not available | 1.68% |
| Base expense ratio (Regular) | 0.25% | 0.80% |
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 Alpha 50 ETF vs Kotak Nifty Alpha 50 Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Alpha 50 ETF and Kotak Nifty Alpha 50 Index Fund?
Kotak Nifty Alpha 50 ETF is an ETF fund, Kotak Nifty Alpha 50 Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 99.0%. Kotak Nifty Alpha 50 ETF charges 0.71% a year and Kotak Nifty Alpha 50 Index Fund 1.09%.
Which has given higher returns, Kotak Nifty Alpha 50 ETF or Kotak Nifty Alpha 50 Index Fund?
Over 1 year: Kotak Nifty Alpha 50 ETF +1.38%, Kotak Nifty Alpha 50 Index Fund +1.08%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty Alpha 50 ETF or Kotak Nifty Alpha 50 Index Fund?
Kotak Nifty Alpha 50 ETF charges less: 0.71% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Alpha 50 ETF and Kotak Nifty Alpha 50 Index Fund overlap?
99.0%. They hold 50 of the same securities, the largest shared ones being CUPID, STLTECH, MTARTECH. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Alpha 50 ETF or Kotak Nifty Alpha 50 Index Fund?
On SEBI's riskometer, Kotak Nifty Alpha 50 ETF is rated Very High and Kotak Nifty Alpha 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 20.35% and 20.12% a year.
Can I invest in both Kotak Nifty Alpha 50 ETF and Kotak Nifty Alpha 50 Index Fund?
Yes. 99.0% 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 Alpha 50 ETF and Kotak Nifty Alpha 50 Index Fund?
Kotak Nifty Alpha 50 ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Kotak Nifty Alpha 50 Index Fund: Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar.
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.