Kotak Nifty Bank Index Fund vs Navi Nifty Bank Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty Bank Index Fund is a mutual fund and Navi Nifty Bank Index Fund is an Index fund. Kotak Nifty Bank Index Fund charges 1.46% a year and Navi Nifty Bank Index Fund 0.23% (Direct plans). Their portfolios overlap 100.0%: they hold 14 of the same securities.
Which is better, Kotak Nifty Bank Index or Navi Nifty Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Navi Nifty Bank Index costs less: 0.23% a year against 1.46% (Direct plans).
- Navi Nifty Bank Index fell less in its worst fall since 26-08-2026: −7.0% against −7.1%.
- Navi Nifty Bank Index is the larger fund: ₹613 Cr against ₹7 Cr.
- Their portfolios overlap 100.0%: 14 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 Bank Index Fund | Navi Nifty Bank Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Navi Mutual Fund |
| Category | Not available | Index |
| AUM | ₹7 Cr (30-09-2026) | ₹613 Cr (30-09-2026) |
| NAV | ₹9.47 (Direct) | ₹14.43 (Direct) |
| Expense ratio (Direct) | 1.46% | 0.23% |
| Expense ratio (Regular) | 1.79% | 1.11% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Bank TRI |
| Launch date | Not available | 04-02-2022 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Ashutosh Shirwaikar |
| Exit load | Not available | NIL |
Kotak Nifty Bank Index vs Navi Nifty Bank 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 Bank Index Fund (Direct) | +0.05% | -- | -- | -- | -- | -- | -- |
| Navi Nifty Bank Index Fund (Direct) | +0.08% | −4.18% | +0.23% | −5.42% | +8.90% | -- | -- |
Kotak Nifty Bank Index vs Navi Nifty Bank Index: Year-wise Returns
| Year | KotakKotak Nifty Bank Index | NaviNavi Nifty Bank Index | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | -- | −7.82% | −7.61% |
| 2025 | -- | +17.79% | +18.08% |
| 2024 | -- | +6.01% | +6.26% |
| 2023 | -- | +12.78% | +13.29% |
Kotak Nifty Bank Index vs Navi Nifty Bank Index: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Kotak Nifty Bank Index vs Navi Nifty Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Bank Index Fund (Direct) | Navi Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −27.02% | +8.09% |
| Standard deviation | 12.74% | 16.50% |
| Sharpe ratio | -2.54 | 0.13 |
| Sortino ratio | -3.12 | 0.18 |
| Maximum drawdown | −7.1% (27-10-2026) | −18.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −0.34% |
From daily NAVs, 26-08-2026 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 Bank Index Fund (Direct)
Navi Nifty Bank Index Fund (Direct)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Bank Index Fund (Direct) | −7.1% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
| Navi Nifty Bank Index Fund (Direct) | −7.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
| Nifty Bank TRI | −7.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
From daily values since 26-08-2026, the first day every fund has.
Kotak Nifty Bank Index vs Navi Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Bank Index Fund, September 2026; Navi Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 14
- Only in Kotak Nifty Bank Index
- 0
- Only in Navi Nifty Bank Index
- 0
| Security | % of Kotak Nifty Bank Index | % of Navi Nifty Bank Index |
|---|---|---|
| HDFC BANK LTD. | 18.62% | 18.63% |
| ICICI BANK LTD. | 14.18% | 14.19% |
| KOTAK MAHINDRA BANK LTD. | 10.20% | 10.21% |
| AXIS BANK LTD. | 10.06% | 10.06% |
| STATE BANK OF INDIA. | 9.93% | 9.93% |
| FEDERAL BANK LTD. | 6.56% | 6.57% |
| INDUSIND BANK LTD. | 4.97% | 4.97% |
| AU SMALL FINANCE BANK LTD. | 4.85% | 4.85% |
| IDFC FIRST BANK LIMITED | 4.54% | 4.54% |
| BANK OF BARODA | 3.59% | 3.59% |
| CANARA BANK | 3.37% | 3.37% |
| PUNJAB NATIONAL BANK | 3.27% | 3.27% |
| YES BANK LTD. | 3.01% | 3.01% |
| UNION BANK OF INDIA | 2.86% | 2.86% |
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 Bank Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Navi Nifty Bank 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 Bank Index | Navi Nifty Bank 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 Bank Index | Navi Nifty Bank Index |
|---|---|---|
| Large Cap | 76.1% | 76.1% |
| Mid Cap | 23.9% | 23.9% |
| 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 Bank Index | Navi Nifty Bank Index |
|---|---|---|
| BANKS | 0.0% | 100.0% |
| Banks | 100.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Bank Index vs Navi Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Bank Index Fund | Navi Nifty Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.46% | 0.23% |
| Base expense ratio (Direct) | 0.14% | 0.15% |
| Total expense ratio (Regular) | 1.79% | 1.11% |
| Base expense ratio (Regular) | 0.42% | 0.90% |
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 Bank Index Fund vs Navi Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Bank Index Fund and Navi Nifty Bank Index Fund?
Kotak Nifty Bank Index Fund is a mutual fund, Navi Nifty Bank Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Navi Mutual Fund. Their portfolios overlap 100.0%. Kotak Nifty Bank Index Fund charges 1.46% a year and Navi Nifty Bank Index Fund 0.23%.
Which has the lower expense ratio, Kotak Nifty Bank Index Fund or Navi Nifty Bank Index Fund?
Navi Nifty Bank Index Fund charges less: 0.23% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty Bank Index Fund and Navi Nifty Bank Index Fund overlap?
100.0%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty Bank Index Fund and Navi Nifty Bank 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.