Kotak Nifty Financial Services Ex-Bank Index Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty Financial Services Ex-Bank Index Fund is an Index fund and Tata NIFTY Financial Services Index Fund is an Index fund. In the year to 30-10-2026, Kotak Nifty Financial Services Ex-Bank Index Fund (Direct) returned −9.0% and Tata NIFTY Financial Services Index Fund (Direct) returned −9.5%. Kotak Nifty Financial Services Ex-Bank Index Fund charges 0.32% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 36.9%: they hold 15 of the same securities.
Kotak Nifty Financial Services Ex-Bank Index Fund
Index
- 1 year return
- −9.0%
- Expense ratio
- 0.32%
- NAV
- ₹14.90
Tata NIFTY Financial Services Index Fund
Index
- 1 year return
- −9.5%
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, Kotak Nifty Financial Services Ex-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.
- Kotak Nifty Financial Services Ex-Bank Index returned more over 1 year: −9.0% against −9.5%.
- Kotak Nifty Financial Services Ex-Bank Index costs less: 0.32% a year against 0.58% (Direct plans).
- Kotak Nifty Financial Services Ex-Bank Index fell less in its worst fall since 30-04-2024: −17.1% against −17.4%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 68.8%.
- Kotak Nifty Financial Services Ex-Bank Index is the larger fund: ₹91 Cr against ₹77 Cr.
- Their portfolios overlap 36.9%: 15 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 Financial Services Ex-Bank Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Index | Index |
| AUM | ₹91 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹14.90 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.58% |
| Expense ratio (Regular) | 0.82% | 1.13% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services Ex-Bank TRI | Nifty Financial Services TRI |
| Launch date | 14-08-2023 | 26-04-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar | Nitin Sharma, Rakesh Prajapati |
| Exit load | Nil | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
Kotak Nifty Financial Services Ex-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 Financial Services Ex-Bank Index Fund (Direct) | −3.15% | −10.33% | −7.20% | −9.03% | +12.54% | -- | -- |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
Kotak Nifty Financial Services Ex-Bank Index vs Tata NIFTY Financial Services Index: Year-wise Returns
| Year | Kotak Nifty Financial Services Ex-BankKotak Nifty Financial Services Ex-Bank Index | Tata NIFTY Financial ServicesTata NIFTY Financial Services Index |
|---|---|---|
| 2026to date | −10.66% | −10.13% |
| 2025 | +27.43% | +17.50% |
| 2024 | +13.53% | -- |
Kotak Nifty Financial Services Ex-Bank Index vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against Nifty Financial Services Ex-Bank TRI, the benchmark of Kotak Nifty Financial Services Ex-Bank Index Fund
Rolling returns
Every 1-year holding period, 371 of them, one for each trading day from 30-04-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Kotak Nifty Financial Services Ex-Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services Ex-Bank TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Nifty Financial Services Ex-Bank Index | 5.9 | 8.1 | 18.1 | 17.3 | 14.6 | 18.9 | 17.3 | 15.2% | 15.2% | −10.2% | 34.8% | 0% |
| Tata NIFTY Financial Services Index | 26.4 | 13.7 | 6.5 | 20.5 | 21.0 | 11.3 | 0.5 | 8.7% | 11.1% | −11.5% | 25.7% | 8% |
| Nifty Financial Services Ex-Bank TRI | 5.9 | 6.7 | 16.7 | 17.0 | 12.4 | 21.6 | 19.7 | 15.9% | 15.8% | −9.6% | 35.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services Ex-Bank TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 30-04-2024. Past returns do not promise future returns.
Kotak Nifty Financial Services Ex-Bank Index vs Tata NIFTY Financial Services Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Financial Services Ex-Bank IndexKotak Nifty Financial Services Ex-Bank Index Fund (Direct) | ₹3,10,000 | ₹3,17,483 | ₹7,483 | 1.8% |
| Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct) | ₹3,10,000 | ₹3,08,128 | −₹1,872 | −0.5% |
Kotak Nifty Financial Services Ex-Bank IndexKotak Nifty Financial Services Ex-Bank Index Fund (Direct)
Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Nifty Financial Services Ex-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 Financial Services Ex-Bank Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.03% | −9.46% |
| Standard deviation | 21.45% | 17.58% |
| Sharpe ratio | -0.67 | -0.84 |
| Sortino ratio | -0.92 | -1.16 |
| Maximum drawdown | −17.1% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.59% | −0.58% |
From daily NAVs, 30-10-2025 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.
| Measure | Kotak Nifty Financial Services Ex-Bank Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.29% | +5.44% |
| Standard deviation | 19.71% | 16.69% |
| Sharpe ratio | 0.37 | -0.02 |
| Sortino ratio | 0.51 | -0.03 |
| Maximum drawdown | −17.1% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.01% | −0.81% |
From daily NAVs, 21-08-2023 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 Financial Services Ex-Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services Ex-Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Financial Services Ex-Bank Index Fund (Direct) | −17.1% | 06-01-2026 | 30-03-2026 | 31-07-2026 | 4 months | −14.0% |
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| Nifty Financial Services Ex-Bank TRI | −16.7% | 06-01-2026 | 30-03-2026 | 13-07-2026 | 3 months | −14.0% |
From daily values since 30-04-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Nifty Financial Services Ex-Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services Ex-Bank TRI
Against Nifty Financial Services Ex-Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Financial Services Ex-Bank Index Fund (Direct) | 99% | 101% | 0.30% |
| Tata NIFTY Financial Services Index Fund (Direct) | 63% | 63% | 9.83% |
From month-end values since 30-04-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Nifty Financial Services Ex-Bank Index vs Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Financial Services Ex-Bank Index Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 36.9%
- Held by both
- 15
- Only in Kotak Nifty Financial Services Ex-Bank Index
- 15
- Only in Tata NIFTY Financial Services Index
- 5
| Security | % of Kotak Nifty Financial Services Ex-Bank Index | % of Tata NIFTY Financial Services Index |
|---|---|---|
| BAJAJ FINANCE LTD. | 15.82% | 8.62% |
| SHRIRAM FINANCE LIMITED | 8.32% | 4.53% |
| BSE LTD | 7.64% | 4.16% |
| Bajaj Finserv Ltd. | 6.08% | 3.31% |
| SBI Life Insurance Company Ltd | 4.61% | 2.51% |
| JIO FINANCIAL SERVICES LTD | 4.30% | 2.34% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 4.25% | 2.31% |
| HDFC Life Insurance Company Ltd | 3.39% | 1.85% |
| Power Finance Corporation Ltd. | 2.86% | 1.56% |
| ICICI Lombard General Insurance Company Ltd | 2.34% | 1.25% |
| REC LTD | 2.26% | 1.23% |
| Max Financial Services Ltd | 2.20% | 1.18% |
| MUTHOOT FINANCE LTD. | 1.77% | 0.98% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 1.04% | 0.58% |
| LIC HOUSING FINANCE LTD. | 0.96% | 0.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.9% means 36.9% 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 Financial Services Ex-Bank Index Fund
| Security | % of fund |
|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 5.09% |
| One 97 Communications Ltd | 4.37% |
| Life Insurance Corporation Of India | 3.03% |
| Bajaj Holdings and Investment Ltd | 2.82% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 2.82% |
Largest holdings only in Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| HDFC BANK LTD | 18.64% |
| ICICI BANK LTD | 14.20% |
| AXIS BANK LTD | 10.18% |
| KOTAK MAHINDRA BANK LTD | 10.11% |
| STATE BANK OF INDIA | 9.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Financial Services Ex-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 Financial Services Ex-Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Large Cap | 68.8% | 95.2% |
| Mid Cap | 25.6% | 4.2% |
| Small Cap | 5.7% | 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 Financial Services Ex-Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Banks | 0.0% | 63.1% |
| Finance | 56.1% | 26.0% |
| Capital Markets | 20.6% | 4.2% |
| Insurance | 16.6% | 6.8% |
| Financial Technology (Fintech) | 6.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Financial Services Ex-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 Financial Services Ex-Bank Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.58% |
| Base expense ratio (Direct) | 0.18% | 0.39% |
| Total expense ratio (Regular) | 0.82% | 1.13% |
| Base expense ratio (Regular) | 0.61% | 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 Financial Services Ex-Bank Index Fund vs Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Financial Services Ex-Bank Index Fund and Tata NIFTY Financial Services Index Fund?
Kotak Nifty Financial Services Ex-Bank Index Fund is an Index fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 36.9%. Kotak Nifty Financial Services Ex-Bank Index Fund charges 0.32% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has given higher returns, Kotak Nifty Financial Services Ex-Bank Index Fund or Tata NIFTY Financial Services Index Fund?
Over 1 year: Kotak Nifty Financial Services Ex-Bank Index Fund −9.03%, Tata NIFTY Financial Services Index Fund −9.46%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty Financial Services Ex-Bank Index Fund or Tata NIFTY Financial Services Index Fund?
Kotak Nifty Financial Services Ex-Bank Index Fund charges less: 0.32% a year against 0.58%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty Financial Services Ex-Bank Index Fund and Tata NIFTY Financial Services Index Fund overlap?
36.9%. They hold 15 of the same securities, the largest shared ones being BAJFINANCE, SHRIRAMFIN, BSE. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Financial Services Ex-Bank Index Fund or Tata NIFTY Financial Services Index Fund?
On SEBI's riskometer, Kotak Nifty Financial Services Ex-Bank Index Fund is rated Very High and Tata NIFTY Financial Services Index Fund Very High. Over 1 years, the standard deviation of daily returns was 21.45% and 17.58% a year.
Can I invest in both Kotak Nifty Financial Services Ex-Bank Index Fund and Tata NIFTY Financial Services Index Fund?
Yes. 36.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty Financial Services Ex-Bank Index Fund and Tata NIFTY Financial Services Index Fund?
Kotak Nifty Financial Services Ex-Bank Index Fund: Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar. Tata NIFTY Financial Services Index Fund: Nitin Sharma, Rakesh Prajapati.
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.