Kotak NIFTY Alpha Low Volatility 30 Index Fund vs Mirae Asset Nifty 100 Low Volatility 30 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund and Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund. Kotak NIFTY Alpha Low Volatility 30 Index Fund charges 1.00% a year and Mirae Asset Nifty 100 Low Volatility 30 ETF 0.48%. Their portfolios overlap 54.6%: they hold 17 of the same securities.
Kotak NIFTY Alpha Low Volatility 30 Index Fund
Index
- Expense ratio
- 1.00%
- NAV
- ₹9.54
Mirae Asset Nifty 100 Low Volatility 30 ETF
ETF
- Expense ratio
- 0.48%
- NAV
- ₹195.74
Which is better, Kotak NIFTY Alpha Low Volatility 30 Index or Mirae Asset Nifty 100 Low Volatility 30 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty 100 Low Volatility 30 ETF costs less: 0.48% a year against 1.00%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 22-06-2026: −12.2% against −12.4%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF holds more in large companies: 96.8% of the fund in large caps against 84.3%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF is the larger fund: ₹41 Cr against ₹7 Cr.
- Their portfolios overlap 54.6%: 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 Alpha Low Volatility 30 Index Fund | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹7 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹9.54 (Direct) | ₹195.74 |
| Expense ratio (Direct) | 1.00% | Not available |
| Expense ratio (Regular) | 1.58% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Alpha Low -Volatility 30 TRI | Nifty 100 Low Volatility 30 TRI |
| Launch date | 17-06-2026 | 24-03-2023 |
| Minimum investment | ₹500 | On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Jeetu Valechha Sonar, Abhishek Bisen | Ekta Gala, amp, Akshay Udeshi |
| Exit load | NIL | Nil |
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: 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 Low Volatility 30 Index Fund (Direct) | −1.06% | −8.63% | -- | -- | -- | -- | -- |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | +1.27% | −7.38% | −2.65% | −7.87% | +9.58% | -- | -- |
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Year-wise Returns
| Year | Kotak NIFTY Alpha Low Volatility 30 IndexKotak NIFTY Alpha Low Volatility 30 Index | Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| 2026to date | -- | −9.38% |
| 2025 | -- | +11.05% |
| 2024 | -- | +12.08% |
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Rolling Returns
Every holding period of both funds, against NIFTY Alpha Low-Volatility 30 TRI, the benchmark of Kotak NIFTY Alpha Low Volatility 30 Index Fund
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | −13.59% | +12.57% |
| Standard deviation | 10.46% | 11.11% |
| Sharpe ratio | -1.80 | 0.58 |
| Sortino ratio | -2.21 | 0.82 |
| Maximum drawdown | −12.4% (23-10-2026) | −18.1% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.50% | −0.41% |
From daily NAVs, 22-06-2026 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 Low Volatility 30 Index Fund (Direct)
Mirae Asset Nifty 100 Low Volatility 30 ETF
NIFTY Alpha Low-Volatility 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | −12.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | −12.2% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.9% |
| NIFTY Alpha Low-Volatility 30 TRI | −12.3% | 03-08-2026 | 23-10-2026 | Not yet | -- | −10.1% |
From daily values since 22-06-2026, the first day every fund has.
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak NIFTY Alpha Low Volatility 30 Index Fund, September 2026; Mirae Asset Nifty 100 Low Volatility 30 ETF, September 2026
Holdings in common
- Overlap
- 54.6%
- Held by both
- 17
- Only in Kotak NIFTY Alpha Low Volatility 30 Index
- 13
- Only in Mirae Asset Nifty 100 Low Volatility 30 ETF
- 13
| Security | % of Kotak NIFTY Alpha Low Volatility 30 Index | % of Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.93% | 3.81% |
| NTPC LTD | 4.11% | 3.79% |
| ICICI BANK LTD. | 3.78% | 3.84% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 3.61% | 3.82% |
| SBI Life Insurance Company Ltd | 3.54% | 3.62% |
| Nestle India Ltd. | 3.72% | 3.53% |
| BHARTI AIRTEL LTD. | 3.33% | 3.65% |
| TORRENT PHARMACEUTICALS LTD. | 4.73% | 3.32% |
| Bajaj Auto Ltd. | 4.01% | 3.12% |
| STATE BANK OF INDIA. | 3.15% | 3.08% |
| TITAN COMPANY LTD. | 3.27% | 3.01% |
| Pidilite Industries Ltd. | 3.06% | 2.97% |
| Britannia Industries Ltd. | 2.91% | 3.68% |
| RELIANCE INDUSTRIES LTD. | 2.82% | 3.47% |
| Ultratech Cement Ltd. | 2.75% | 3.16% |
| Asian Paints(India) Ltd. | 2.72% | 3.04% |
| Maruti Suzuki India Limited | 2.51% | 3.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.6% means 54.6% 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 Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| MARICO LTD. | 3.99% |
| Hindalco Industries Ltd. | 3.81% |
| JSW Steel Ltd. | 3.62% |
| Grasim Industries Ltd. | 3.61% |
| FEDERAL BANK LTD. | 3.55% |
Largest holdings only in Mirae Asset Nifty 100 Low Volatility 30 ETF
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 3.63% |
| ITC Ltd. | 3.50% |
| Tata Power Company Ltd. | 3.43% |
| Cipla Ltd. | 3.42% |
| Power Grid Corporation of India Ltd. | 3.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak NIFTY Alpha Low Volatility 30 Index | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | -0.0% |
Market cap of stocks
| Market cap | Kotak NIFTY Alpha Low Volatility 30 Index | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Large Cap | 84.3% | 96.8% |
| Mid Cap | 15.8% | 3.2% |
| 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 Alpha Low Volatility 30 Index | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Pharmaceuticals and Biotechnology | 14.4% | 0.0% |
| Banks | 10.5% | 13.9% |
| Pharmaceuticals & Biotechnology | 0.0% | 13.8% |
| Automobiles | 12.8% | 6.3% |
| Power | 4.1% | 10.6% |
| Food Products | 6.6% | 7.2% |
| Insurance | 5.7% | 6.9% |
| Diversified FMCG | 0.0% | 6.9% |
| Agricultural Food and other Product | 6.5% | 0.0% |
| Cement and Cement Products | 6.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak NIFTY Alpha Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak NIFTY Alpha Low Volatility 30 Index Fund | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 1.58% | Not available |
| Base expense ratio (Regular) | 0.69% | 0.30% |
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 Low Volatility 30 Index Fund vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Frequently Asked Questions
What is the difference between Kotak NIFTY Alpha Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF?
Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund, Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 54.6%. Kotak NIFTY Alpha Low Volatility 30 Index Fund charges 1.00% a year and Mirae Asset Nifty 100 Low Volatility 30 ETF 0.48%.
Which has the lower expense ratio, Kotak NIFTY Alpha Low Volatility 30 Index Fund or Mirae Asset Nifty 100 Low Volatility 30 ETF?
Mirae Asset Nifty 100 Low Volatility 30 ETF charges less: 0.48% a year against 1.00%. These are the total expense ratios reported to AMFI.
How much do Kotak NIFTY Alpha Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF overlap?
54.6%. They hold 17 of the same securities, the largest shared ones being APOLLOHOSP, NTPC, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak NIFTY Alpha Low Volatility 30 Index Fund or Mirae Asset Nifty 100 Low Volatility 30 ETF?
On SEBI's riskometer, Kotak NIFTY Alpha Low Volatility 30 Index Fund is rated Very High and Mirae Asset Nifty 100 Low Volatility 30 ETF Very High. Over their common history, the standard deviation of daily returns was 10.46% and 11.11% a year.
Can I invest in both Kotak NIFTY Alpha Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF?
Yes. 54.6% 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 Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF?
Kotak NIFTY Alpha Low Volatility 30 Index Fund: Satish Dondapati, Jeetu Valechha Sonar, Abhishek Bisen. Mirae Asset Nifty 100 Low Volatility 30 ETF: Ekta Gala, amp, Akshay Udeshi.
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.