Kotak Nifty Commodities Index Fund vs Motilal Oswal Nifty Metal ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Commodities Index Fund is an Index fund and Motilal Oswal Nifty Metal ETF is a mutual fund. Kotak Nifty Commodities Index Fund charges 0.30% a year and Motilal Oswal Nifty Metal ETF 4.67%. Their portfolios overlap 30.6%: they hold 8 of the same securities.
Kotak Nifty Commodities Index Fund
Index
- Expense ratio
- 0.30%
- NAV
- ₹11.25
Which is better, Kotak Nifty Commodities Index or Motilal Oswal Nifty Metal ETF? 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 Commodities Index costs less: 0.30% a year against 4.67%.
- Kotak Nifty Commodities Index fell less in its worst fall since 06-08-2026: −12.0% against −15.1%.
- Kotak Nifty Commodities Index is the larger fund: ₹283 Cr against ₹2 Cr.
- Their portfolios overlap 30.6%: 8 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 Commodities Index Fund | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | Not available |
| AUM | ₹283 Cr (30-09-2026) | ₹2 Cr (30-09-2026) |
| NAV | ₹11.25 (Direct) | ₹11.80 |
| Expense ratio (Direct) | 0.30% | Not available |
| Expense ratio (Regular) | 0.57% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Commodities TRI | Not available |
| Launch date | 10-03-2025 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar | Not available |
| Exit load | Nil | Not available |
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal 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 Commodities Index Fund (Direct) | −3.65% | −8.47% | −11.93% | −4.81% | -- | -- | -- |
| Motilal Oswal Nifty Metal ETF | −7.52% | -- | -- | -- | -- | -- | -- |
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal ETF: Year-wise Returns
| Year | Kotak Nifty Commodities IndexKotak Nifty Commodities Index | Motilal Oswal Nifty Metal ETFMotilal Oswal Nifty Metal ETF |
|---|---|---|
| 2026to date | −5.07% | -- |
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal ETF: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of Kotak Nifty Commodities Index Fund
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Commodities Index Fund (Direct) | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Return (CAGR) | +6.23% | −36.61% |
| Standard deviation | 15.69% | 20.84% |
| Sharpe ratio | 0.05 | -2.01 |
| Sortino ratio | 0.07 | -2.40 |
| Maximum drawdown | −15.8% (23-10-2026) | −15.1% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.81% | −0.31% |
From daily NAVs, 18-03-2025 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.
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 Commodities Index Fund (Direct)
Motilal Oswal Nifty Metal ETF
Nifty Commodities TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Commodities Index Fund (Direct) | −12.0% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.3% |
| Motilal Oswal Nifty Metal ETF | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.8% |
| Nifty Commodities TRI | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
From daily values since 06-08-2026, the first day every fund has.
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Commodities Index Fund, September 2026; Motilal Oswal Nifty Metal ETF, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 8
- Only in Kotak Nifty Commodities Index
- 22
- Only in Motilal Oswal Nifty Metal ETF
- 7
| Security | % of Kotak Nifty Commodities Index | % of Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Tata Steel Ltd. | 7.38% | 17.24% |
| Hindalco Industries Ltd. | 6.58% | 15.37% |
| JSW Steel Ltd. | 5.82% | 13.60% |
| VEDANTA ALUMINIUM METAL LTD | 3.38% | 7.92% |
| VEDANTA LTD. | 2.20% | 5.14% |
| Jindal Steel & Power Ltd | 2.03% | 4.74% |
| APL Apollo Tubes Ltd | 1.92% | 4.49% |
| NMDC Ltd. | 1.28% | 2.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% 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 Commodities Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD. | 9.92% |
| NTPC LTD | 7.40% |
| Ultratech Cement Ltd. | 6.26% |
| Grasim Industries Ltd. | 5.58% |
| Coal India Limited | 4.91% |
Largest holdings only in Motilal Oswal Nifty Metal ETF
| Security | % of fund |
|---|---|
| Adani Enterprises Limited | 11.10% |
| National Aluminium Company Limited | 3.45% |
| Hindustan Zinc Limited | 3.07% |
| Steel Authority of India Limited | 2.96% |
| Lloyds Metals And Energy Limited | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Commodities Index | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Equity | 100.1% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.3% |
Market cap of stocks
| Market cap | Kotak Nifty Commodities Index | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Large Cap | 85.5% | 78.2% |
| Mid Cap | 14.6% | 21.5% |
| 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 Commodities Index | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Ferrous Metals | 15.2% | 41.2% |
| Non - Ferrous Metals | 10.0% | 31.9% |
| Power | 22.5% | 0.0% |
| Petroleum Products | 16.9% | 0.0% |
| Cement and Cement Products | 14.4% | 0.0% |
| Metals & Minerals Trading | 0.0% | 11.1% |
| Minerals & Mining | 0.0% | 5.9% |
| Oil | 5.4% | 0.0% |
| Diversified Metals | 2.2% | 5.1% |
| Industrial Products | 1.9% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Commodities Index vs Motilal Oswal Nifty Metal ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Commodities Index Fund | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.30% | Not available |
| Base expense ratio (Direct) | 0.17% | 0.00% |
| Total expense ratio (Regular) | 0.57% | Not available |
| Base expense ratio (Regular) | 0.40% | 0.35% |
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 Commodities Index Fund vs Motilal Oswal Nifty Metal ETF: Frequently Asked Questions
What is the difference between Kotak Nifty Commodities Index Fund and Motilal Oswal Nifty Metal ETF?
Kotak Nifty Commodities Index Fund is an Index fund, Motilal Oswal Nifty Metal ETF is a mutual fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 30.6%. Kotak Nifty Commodities Index Fund charges 0.30% a year and Motilal Oswal Nifty Metal ETF 4.67%.
Which has the lower expense ratio, Kotak Nifty Commodities Index Fund or Motilal Oswal Nifty Metal ETF?
Kotak Nifty Commodities Index Fund charges less: 0.30% a year against 4.67%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Commodities Index Fund and Motilal Oswal Nifty Metal ETF overlap?
30.6%. They hold 8 of the same securities, the largest shared ones being TATASTEEL, HINDALCO, JSWSTEEL. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty Commodities Index Fund and Motilal Oswal Nifty Metal ETF?
Yes. 30.6% of each fund's money sits in the same holdings, so some 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.