Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 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 Nifty500 Momentum 50 Index Fund is an Index fund. Kotak Nifty Alpha 50 ETF charges 0.71% a year and Kotak Nifty500 Momentum 50 Index Fund 0.68%. Their portfolios overlap 47.1%: they hold 29 of the same securities.
Kotak Nifty500 Momentum 50 Index Fund
Index
- Expense ratio
- 0.68%
- NAV
- ₹9.75
Which is better, Kotak Nifty Alpha 50 ETF or Kotak Nifty500 Momentum 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 Nifty500 Momentum 50 Index costs less: 0.68% a year against 0.71%.
- Kotak Nifty500 Momentum 50 Index fell less in its worst fall since 18-12-2025: −14.4% against −14.4%.
- Kotak Nifty500 Momentum 50 Index holds more in large companies: 42.9% of the fund in large caps against 25.0%.
- Kotak Nifty Alpha 50 ETF is the larger fund: ₹892 Cr against ₹27 Cr.
- Their portfolios overlap 47.1%: 29 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 Nifty500 Momentum 50 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹892 Cr (30-09-2026) | ₹27 Cr (30-09-2026) |
| NAV | ₹49.77 | ₹9.75 (Direct) |
| Expense ratio (Direct) | Not available | 0.68% |
| Expense ratio (Regular) | Not available | 1.00% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Alpha 50 TRI | Nifty 500 Momentum 50 TRI |
| Launch date | 22-12-2021 | 11-12-2025 |
| 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 Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | NIL |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 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 Nifty500 Momentum 50 Index Fund (Direct) | −2.40% | −1.52% | −0.23% | -- | -- | -- | -- |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 50 Index: Year-wise Returns
| Year | Nifty Alpha 50 ETFKotak Nifty Alpha 50 ETF | Nifty500 Momentum 50 IndexKotak Nifty500 Momentum 50 Index |
|---|---|---|
| 2026to date | +3.29% | −2.03% |
| 2025 | −10.82% | -- |
| 2024 | +32.40% | -- |
| 2023 | +41.79% | -- |
| 2022 | −16.57% | -- |
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Alpha 50 TRI, the benchmark of Kotak Nifty Alpha 50 ETF
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 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 Nifty500 Momentum 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.13% | −2.21% |
| Standard deviation | 21.61% | 20.33% |
| Sharpe ratio | 0.10 | -0.37 |
| Sortino ratio | 0.14 | -0.50 |
| Maximum drawdown | −33.5% (27-02-2023) | −14.4% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.90% | −0.69% |
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 Nifty500 Momentum 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 | −14.4% | 28-08-2026 | 23-10-2026 | Not yet | -- | −10.0% |
| Kotak Nifty500 Momentum 50 Index Fund (Direct) | −14.4% | 23-12-2025 | 23-03-2026 | 07-05-2026 | 45 days | −8.0% |
| Nifty Alpha 50 TRI | −13.5% | 26-02-2026 | 30-03-2026 | 05-05-2026 | 36 days | −8.9% |
From daily values since 18-12-2025, the first day every fund has.
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Alpha 50 ETF, September 2026; Kotak Nifty500 Momentum 50 Index Fund, September 2026
Holdings in common
- Overlap
- 47.1%
- Held by both
- 29
- Only in Kotak Nifty Alpha 50 ETF
- 21
- Only in Kotak Nifty500 Momentum 50 Index
- 21
| Security | % of Kotak Nifty Alpha 50 ETF | % of Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 2.57% | 5.86% |
| Laurus Labs Ltd | 2.44% | 6.17% |
| Bharat Heavy Electricals Ltd. | 2.35% | 3.43% |
| HFCL LTD | 2.26% | 2.32% |
| Welspun Corp Limited | 3.53% | 2.16% |
| SHRIRAM FINANCE LIMITED | 2.15% | 4.87% |
| ATHER ENERGY LTD | 3.85% | 2.10% |
| National Aluminium Company Ltd. | 2.07% | 2.50% |
| ADANI ENERGY SOLUTIONS LTD. | 1.98% | 2.63% |
| BHARAT FORGE LTD. | 1.96% | 3.01% |
| Vodafone Idea Ltd | 2.27% | 1.91% |
| FEDERAL BANK LTD. | 1.89% | 3.55% |
| HITACHI ENERGY INDIA LTD. | 1.72% | 2.74% |
| NAVIN FLUORINE INTERNATIONAL LTD. | 1.81% | 1.58% |
| ADANI POWER LTD | 1.57% | 4.48% |
| Steel Authority of India Ltd. | 1.52% | 1.58% |
| Ami Organics Ltd | 2.49% | 1.47% |
| Apar Industries Ltd. | 2.55% | 1.46% |
| Kirloskar Oil Engines Ltd. | 3.25% | 1.45% |
| GE VERNOVA T&D INDIA LIMITED | 1.45% | 4.20% |
| BSE LTD | 1.44% | 4.02% |
| KARUR VYSYA BANK LTD. | 1.56% | 1.34% |
| ADITYA BIRLA CAPITAL LTD | 1.31% | 1.27% |
| Hindalco Industries Ltd. | 1.09% | 4.87% |
| HINDUSTAN COPPER LTD. | 2.55% | 0.93% |
| polycab India Limited | 0.88% | 2.34% |
| Cummins India Ltd. | 0.88% | 4.32% |
| Glenmark Pharmaceuticals Ltd | 0.78% | 1.66% |
| RBL BANK LTD. | 1.19% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.1% means 47.1% 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
| Security | % of fund |
|---|---|
| CUPID LTD. | 8.46% |
| STERLITE TECHNOLOGIES LIMITED. | 5.33% |
| MTAR TECHNOLOGIES LIMITED | 4.89% |
| TD POWER SYSTEMS LTD. | 4.14% |
| VEDANTA LTD. | 1.73% |
Largest holdings only in Kotak Nifty500 Momentum 50 Index Fund
| Security | % of fund |
|---|---|
| CG Power and Industrial Solutions Ltd. | 2.86% |
| TORRENT PHARMACEUTICALS LTD. | 2.69% |
| ABB India Ltd. | 1.74% |
| KEI Industries Ltd. | 1.34% |
| Anand Rathi Wealth Ltd. | 1.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Alpha 50 ETF | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| Equity | 99.4% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.6% | 0.1% |
Market cap of stocks
| Market cap | Kotak Nifty Alpha 50 ETF | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| Large Cap | 25.0% | 42.9% |
| Mid Cap | 29.5% | 35.7% |
| Small Cap | 40.8% | 21.3% |
| Not on AMFI's list | 4.1% | 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 Alpha 50 ETF | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| Electrical Equipment | 17.1% | 17.8% |
| Pharmaceuticals and Biotechnology | 5.7% | 13.7% |
| Industrial Products | 8.5% | 12.6% |
| Capital Markets | 4.0% | 11.4% |
| Banks | 10.7% | 6.1% |
| Personal Products | 8.5% | 0.3% |
| Non - Ferrous Metals | 5.7% | 8.3% |
| Power | 3.5% | 7.6% |
| Finance | 6.9% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Alpha 50 ETF vs Kotak Nifty500 Momentum 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Alpha 50 ETF | Kotak Nifty500 Momentum 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.68% |
| Base expense ratio (Direct) | 0.00% | 0.16% |
| Total expense ratio (Regular) | Not available | 1.00% |
| Base expense ratio (Regular) | 0.25% | 0.44% |
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 Nifty500 Momentum 50 Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Alpha 50 ETF and Kotak Nifty500 Momentum 50 Index Fund?
Kotak Nifty Alpha 50 ETF is an ETF fund, Kotak Nifty500 Momentum 50 Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 47.1%. Kotak Nifty Alpha 50 ETF charges 0.71% a year and Kotak Nifty500 Momentum 50 Index Fund 0.68%.
Which has the lower expense ratio, Kotak Nifty Alpha 50 ETF or Kotak Nifty500 Momentum 50 Index Fund?
Kotak Nifty500 Momentum 50 Index Fund charges less: 0.68% a year against 0.71%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Alpha 50 ETF and Kotak Nifty500 Momentum 50 Index Fund overlap?
47.1%. They hold 29 of the same securities, the largest shared ones being MCX, LAURUSLABS, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Alpha 50 ETF or Kotak Nifty500 Momentum 50 Index Fund?
On SEBI's riskometer, Kotak Nifty Alpha 50 ETF is rated Very High and Kotak Nifty500 Momentum 50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 21.61% and 20.33% a year.
Can I invest in both Kotak Nifty Alpha 50 ETF and Kotak Nifty500 Momentum 50 Index Fund?
Yes. 47.1% 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 Nifty500 Momentum 50 Index Fund?
Kotak Nifty Alpha 50 ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Kotak Nifty500 Momentum 50 Index Fund: Satish Dondapati, 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.