Kotak Nifty Bank Index Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty Bank Index Fund is a mutual fund and Tata NIFTY Financial Services Index Fund is an Index fund. Kotak Nifty Bank Index Fund charges 1.46% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 62.9%: they hold 5 of the same securities.
Tata NIFTY Financial Services Index Fund
Index
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, Kotak Nifty Bank Index or Tata NIFTY Financial Services Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY Financial Services Index costs less: 0.58% a year against 1.46% (Direct plans).
- Kotak Nifty Bank Index fell less in its worst fall since 26-08-2026: −7.1% against −8.0%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 76.1%.
- Tata NIFTY Financial Services Index is the larger fund: ₹77 Cr against ₹7 Cr.
- Their portfolios overlap 62.9%: 5 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 | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Not available | Index |
| AUM | ₹7 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹9.47 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 1.46% | 0.58% |
| Expense ratio (Regular) | 1.79% | 1.13% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Financial Services TRI |
| Launch date | Not available | 26-04-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Nitin Sharma, Rakesh Prajapati |
| Exit load | Not available | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
Kotak Nifty Bank Index vs Tata NIFTY Financial Services 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% | -- | -- | -- | -- | -- | -- |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
Kotak Nifty Bank Index vs Tata NIFTY Financial Services Index: Year-wise Returns
| Year | Kotak Nifty BankKotak Nifty Bank Index | Tata NIFTY Financial ServicesTata NIFTY Financial Services Index |
|---|---|---|
| 2026to date | -- | −10.13% |
| 2025 | -- | +17.50% |
Kotak Nifty Bank Index vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of Kotak Nifty Bank Index Fund
Kotak Nifty Bank Index vs Tata NIFTY Financial Services 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) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −27.02% | +5.44% |
| Standard deviation | 12.74% | 16.69% |
| Sharpe ratio | -2.54 | -0.02 |
| Sortino ratio | -3.12 | -0.03 |
| Maximum drawdown | −7.1% (27-10-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −0.81% |
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)
Tata NIFTY Financial Services 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% |
| Tata NIFTY Financial Services Index Fund (Direct) | −8.0% | 26-08-2026 | 27-10-2026 | Not yet | -- | −6.4% |
| 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 Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Bank Index Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 62.9%
- Held by both
- 5
- Only in Kotak Nifty Bank Index
- 9
- Only in Tata NIFTY Financial Services Index
- 15
| Security | % of Kotak Nifty Bank Index | % of Tata NIFTY Financial Services Index |
|---|---|---|
| HDFC BANK LTD. | 18.62% | 18.64% |
| ICICI BANK LTD. | 14.18% | 14.20% |
| KOTAK MAHINDRA BANK LTD. | 10.20% | 10.11% |
| AXIS BANK LTD. | 10.06% | 10.18% |
| STATE BANK OF INDIA. | 9.93% | 9.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.9% means 62.9% 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
| Security | % of fund |
|---|---|
| FEDERAL BANK LTD. | 6.56% |
| INDUSIND BANK LTD. | 4.97% |
| AU SMALL FINANCE BANK LTD. | 4.85% |
| IDFC FIRST BANK LIMITED | 4.54% |
| BANK OF BARODA | 3.59% |
Largest holdings only in Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD | 8.62% |
| SHRIRAM FINANCE LTD | 4.53% |
| BSE LTD | 4.16% |
| BAJAJ FINSERV LTD | 3.31% |
| SBI LIFE INSURANCE COMPANY LTD | 2.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.0% |
Market cap of stocks
| Market cap | Kotak Nifty Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Large Cap | 76.1% | 95.2% |
| Mid Cap | 23.9% | 4.2% |
| Small Cap | 0.0% | 0.5% |
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 | Tata NIFTY Financial Services Index |
|---|---|---|
| Banks | 100.0% | 63.1% |
| Finance | 0.0% | 26.0% |
| Insurance | 0.0% | 6.8% |
| Capital Markets | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Bank Index vs Tata NIFTY Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Bank Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.46% | 0.58% |
| Base expense ratio (Direct) | 0.14% | 0.39% |
| Total expense ratio (Regular) | 1.79% | 1.13% |
| 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 Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Bank Index Fund and Tata NIFTY Financial Services Index Fund?
Kotak Nifty Bank Index Fund is a mutual fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 62.9%. Kotak Nifty Bank Index Fund charges 1.46% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has the lower expense ratio, Kotak Nifty Bank Index Fund or Tata NIFTY Financial Services Index Fund?
Tata NIFTY Financial Services Index Fund charges less: 0.58% 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 Tata NIFTY Financial Services Index Fund overlap?
62.9%. They hold 5 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 Tata NIFTY Financial Services Index Fund?
Yes. 62.9% 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.