Kotak Nifty India Tourism Index Fund vs Motilal Oswal Nifty India Tourism ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty India Tourism Index Fund is an Index fund and Motilal Oswal Nifty India Tourism ETF is an ETF fund. In the year to 30-10-2026, Kotak Nifty India Tourism Index Fund (Direct) returned −16.0% and Motilal Oswal Nifty India Tourism ETF returned −16.0%. Kotak Nifty India Tourism Index Fund charges 0.56% a year and Motilal Oswal Nifty India Tourism ETF 1.04%. Their portfolios overlap 99.9%: they hold 11 of the same securities.
Kotak Nifty India Tourism Index Fund
Index
- 1 year return
- −16.0%
- Expense ratio
- 0.56%
- NAV
- ₹8.21
Motilal Oswal Nifty India Tourism ETF
ETF
- 1 year return
- −16.0%
- Expense ratio
- 1.04%
- NAV
- ₹75.59
Which is better, Kotak Nifty India Tourism Index or Motilal Oswal Nifty India Tourism 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 India Tourism Index returned more over 1 year: −16.0% against −16.0%.
- Kotak Nifty India Tourism Index costs less: 0.56% a year against 1.04%.
- Kotak Nifty India Tourism Index fell less in its worst fall since 12-06-2025: −31.1% against −31.2%.
- Kotak Nifty India Tourism Index is the larger fund: ₹37 Cr against ₹17 Cr.
- Their portfolios overlap 99.9%: 11 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 India Tourism Index Fund | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | ETF |
| AUM | ₹37 Cr (30-09-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹8.21 (Direct) | ₹75.59 |
| Expense ratio (Direct) | 0.56% | Not available |
| Expense ratio (Regular) | 1.17% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Tourism TRI | Nifty India Tourism TRI |
| Launch date | 23-09-2024 | 09-06-2025 |
| Minimum investment | ₹100 | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value |
| Lock in | None | None |
| Fund managers | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Nil | Nil |
Kotak Nifty India Tourism Index vs Motilal Oswal Nifty India Tourism 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 India Tourism Index Fund (Direct) | −1.22% | −3.73% | +3.78% | −15.97% | -- | -- | -- |
| Motilal Oswal Nifty India Tourism ETF | −1.22% | −3.74% | +3.73% | −16.02% | -- | -- | -- |
Kotak Nifty India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: Year-wise Returns
| Year | Kotak Nifty India Tourism IndexKotak Nifty India Tourism Index | Motilal Oswal Nifty India Tourism ETFMotilal Oswal Nifty India Tourism ETF | Nifty India Tourism TRI |
|---|---|---|---|
| 2026to date | −11.63% | −11.69% | −11.28% |
| 2025 | −6.22% | -- | −5.56% |
Kotak Nifty India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: Rolling Returns
Every holding period of both funds, against Nifty India Tourism TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 95 of them, one for each trading day from 12-06-2026 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 India Tourism Index Fund (Direct)
Motilal Oswal Nifty India Tourism ETF
Nifty India Tourism TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 India Tourism Index | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −14.2% | −14.3% | −19.6% | −9.3% | 0% |
| Motilal Oswal Nifty India Tourism ETF | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −14.4% | −14.4% | −19.7% | −9.5% | 0% |
| Nifty India Tourism TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −13.7% | −13.8% | −19.1% | −8.7% | -- |
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 India Tourism 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 12-06-2025. Past returns do not promise future returns.
Kotak Nifty India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: 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 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty India Tourism IndexKotak Nifty India Tourism Index Fund (Direct) | ₹1,70,000 | ₹1,58,180 | −₹11,820 | −9.3% |
| Motilal Oswal Nifty India Tourism ETFMotilal Oswal Nifty India Tourism ETF | ₹1,70,000 | ₹1,58,283 | −₹11,717 | −9.3% |
Kotak Nifty India Tourism IndexKotak Nifty India Tourism Index Fund (Direct)
Motilal Oswal Nifty India Tourism ETFMotilal Oswal Nifty India Tourism ETF
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 India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty India Tourism Index Fund (Direct) | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Return (CAGR) | −15.97% | −16.02% |
| Standard deviation | 22.03% | 22.16% |
| Sharpe ratio | -0.96 | -0.96 |
| Sortino ratio | -1.30 | -1.29 |
| Maximum drawdown | −28.0% (30-03-2026) | −28.0% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.49% |
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 India Tourism Index Fund (Direct) | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Return (CAGR) | −7.93% | −11.24% |
| Standard deviation | 20.73% | 19.88% |
| Sharpe ratio | -0.66 | -0.83 |
| Sortino ratio | -0.88 | -1.12 |
| Maximum drawdown | −31.1% (30-03-2026) | −31.2% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.77% |
From daily NAVs, 30-09-2024 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 India Tourism Index Fund (Direct)
Motilal Oswal Nifty India Tourism ETF
Nifty India Tourism TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty India Tourism Index Fund (Direct) | −31.1% | 16-07-2025 | 30-03-2026 | Not yet | -- | −19.6% |
| Motilal Oswal Nifty India Tourism ETF | −31.2% | 16-07-2025 | 31-03-2026 | Not yet | -- | −19.8% |
| Nifty India Tourism TRI | −30.8% | 20-08-2025 | 30-03-2026 | Not yet | -- | −19.0% |
From daily values since 12-06-2025, 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 India Tourism Index Fund (Direct)
Motilal Oswal Nifty India Tourism ETF
Nifty India Tourism TRI
Against Nifty India Tourism TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty India Tourism Index Fund (Direct) | 99% | 101% | 0.12% |
| Motilal Oswal Nifty India Tourism ETF | 99% | 102% | 0.24% |
From month-end values since 12-06-2025. 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 India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty India Tourism Index Fund, September 2026; Motilal Oswal Nifty India Tourism ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 11
- Only in Kotak Nifty India Tourism Index
- 0
- Only in Motilal Oswal Nifty India Tourism ETF
- 0
| Security | % of Kotak Nifty India Tourism Index | % of Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Inter Globe Aviation Ltd | 20.46% | 20.36% |
| INDIAN HOTELS CO LTD | 20.33% | 20.24% |
| GMR AIRPORTS LIMITED | 18.19% | 18.11% |
| ITC HOTELS LIMITED | 10.13% | 10.08% |
| Jubilant Foodworks Limited | 9.88% | 9.83% |
| Indian Railway Catering And Tourism Corporation Lt | 7.57% | 7.53% |
| EIH Ltd. | 3.29% | 3.27% |
| TBO TEK LIMITED | 3.20% | 3.19% |
| DEVYANI INTERNATIONAL LIMITED | 3.06% | 3.04% |
| LEMON TREE HOTELS LTD | 2.85% | 2.84% |
| BLS INTERNATIONAL SERVICES LTD | 1.46% | 1.45% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 India Tourism Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Motilal Oswal Nifty India Tourism ETF
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 India Tourism Index | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Equity | 100.4% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.4% | 0.1% |
Market cap of stocks
| Market cap | Kotak Nifty India Tourism Index | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Large Cap | 20.5% | 20.4% |
| Mid Cap | 56.2% | 56.0% |
| Small Cap | 23.7% | 23.6% |
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 India Tourism Index | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Leisure Services | 61.8% | 61.5% |
| Transport Services | 20.5% | 20.4% |
| Transport Infrastructure | 18.2% | 18.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty India Tourism Index vs Motilal Oswal Nifty India Tourism ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty India Tourism Index Fund | Motilal Oswal Nifty India Tourism ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.56% | Not available |
| Base expense ratio (Direct) | 0.29% | 0.00% |
| Total expense ratio (Regular) | 1.17% | Not available |
| Base expense ratio (Regular) | 0.79% | 0.45% |
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 India Tourism Index Fund vs Motilal Oswal Nifty India Tourism ETF: Frequently Asked Questions
What is the difference between Kotak Nifty India Tourism Index Fund and Motilal Oswal Nifty India Tourism ETF?
Kotak Nifty India Tourism Index Fund is an Index fund, Motilal Oswal Nifty India Tourism ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 99.9%. Kotak Nifty India Tourism Index Fund charges 0.56% a year and Motilal Oswal Nifty India Tourism ETF 1.04%.
Which has given higher returns, Kotak Nifty India Tourism Index Fund or Motilal Oswal Nifty India Tourism ETF?
Over 1 year: Kotak Nifty India Tourism Index Fund −15.97%, Motilal Oswal Nifty India Tourism ETF −16.02%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty India Tourism Index Fund or Motilal Oswal Nifty India Tourism ETF?
Kotak Nifty India Tourism Index Fund charges less: 0.56% a year against 1.04%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty India Tourism Index Fund and Motilal Oswal Nifty India Tourism ETF overlap?
99.9%. They hold 11 of the same securities, the largest shared ones being INDIGO, INDHOTEL, GMRAIRPORT. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty India Tourism Index Fund or Motilal Oswal Nifty India Tourism ETF?
On SEBI's riskometer, Kotak Nifty India Tourism Index Fund is rated Very High and Motilal Oswal Nifty India Tourism ETF Very High. Over 1 years, the standard deviation of daily returns was 22.03% and 22.16% a year.
Can I invest in both Kotak Nifty India Tourism Index Fund and Motilal Oswal Nifty India Tourism ETF?
Yes. 99.9% 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 India Tourism Index Fund and Motilal Oswal Nifty India Tourism ETF?
Kotak Nifty India Tourism Index Fund: Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar. Motilal Oswal Nifty India Tourism ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.
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.