Kotak Nifty MNC ETF vs SBI MNC Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty MNC ETF is an ETF fund and SBI MNC Fund is a Thematic fund. In the 3 years to 30-10-2026, Kotak Nifty MNC ETF returned 10.3% a year and SBI MNC Fund (Direct) returned 6.8% a year. Kotak Nifty MNC ETF charges 0.40% a year and SBI MNC Fund 1.38%. Their portfolios overlap 30.6%: they hold 13 of the same securities.
Which is better, Kotak Nifty MNC ETF or SBI MNC? 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 MNC ETF returned more over 3 years: 10.3% a year against 6.8%.
- SBI MNC returned more over 1 year: 8.2% against −5.3%.
- Kotak Nifty MNC ETF costs less: 0.40% a year against 1.38%.
- SBI MNC swung less over 3 years: a standard deviation of 12.0% a year against 14.0%.
- SBI MNC fell less in its worst fall since 11-08-2022: −15.4% against −23.6%.
- Kotak Nifty MNC ETF holds more in large companies: 66.0% of the fund in large caps against 39.4%.
- SBI MNC is the larger fund: ₹6,381 Cr against ₹45 Cr.
- Their portfolios overlap 30.6%: 13 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 MNC ETF | SBI MNC Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹45 Cr (30-09-2026) | ₹6,381 Cr (30-09-2026) |
| NAV | ₹29.34 | ₹426.23 (Direct) |
| Expense ratio (Direct) | Not available | 1.38% |
| Expense ratio (Regular) | Not available | 2.01% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 05-08-2022 | 30-09-1994 |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. Market Makers andLarge Investors may buy the units on any b | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Tanmaya Desai |
| Exit load | NIL | Exit load of 1%, if redeemed within 30 days. |
Kotak Nifty MNC ETF vs SBI MNC: 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 MNC ETF | −6.24% | −13.17% | −10.27% | −5.30% | +10.35% | -- | -- |
| SBI MNC Fund (Direct) | −3.81% | −4.09% | +4.19% | +8.18% | +6.75% | +6.99% | +10.86% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Nifty MNC ETF vs SBI MNC: Year-wise Returns
| Year | Kotak Nifty MNC ETFKotak Nifty MNC ETF | SBI MNCSBI MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −6.18% | +9.20% | −5.92% |
| 2025 | +10.28% | −4.98% | +10.75% |
| 2024 | +16.17% | +8.94% | +16.63% |
| 2023 | +23.70% | +24.36% | +24.10% |
| 2022 | -- | −5.02% | +3.83% |
| 2021 | -- | +40.71% | +24.64% |
Kotak Nifty MNC ETF vs SBI MNC: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 300 of them, one for each trading day from 11-08-2025 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 MNC ETF
SBI MNC Fund (Direct)
Nifty MNC TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
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 MNC ETF | 0.0 | 0.0 | 0.7 | 26.7 | 72.7 | 0.0 | 0.0 | 15.6% | 15.8% | 9.3% | 19.7% | 0% |
| SBI MNC | 0.0 | 0.7 | 99.0 | 0.3 | 0.0 | 0.0 | 0.0 | 8.0% | 8.1% | 4.8% | 10.1% | 0% |
| Nifty MNC TRI | 0.0 | 0.0 | 0.7 | 19.3 | 79.0 | 1.0 | 0.0 | 16.1% | 16.2% | 9.8% | 20.1% | -- |
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 MNC 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 11-08-2022. Past returns do not promise future returns.
Kotak Nifty MNC ETF vs SBI MNC: 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 11-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty MNC ETFKotak Nifty MNC ETF | ₹5,10,000 | ₹5,81,145 | ₹71,145 | 6.1% |
| SBI MNCSBI MNC Fund (Direct) | ₹5,10,000 | ₹5,87,399 | ₹77,399 | 6.6% |
Kotak Nifty MNC ETFKotak Nifty MNC ETF
SBI MNCSBI MNC 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 MNC ETF vs SBI MNC: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty MNC ETF | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.30% | +8.18% |
| Standard deviation | 15.54% | 14.15% |
| Sharpe ratio | -0.68 | 0.21 |
| Sortino ratio | -0.88 | 0.29 |
| Maximum drawdown | −18.0% (23-10-2026) | −12.4% (23-10-2026) |
| Beta | 1.00 | 0.81 |
| Alpha | −0.33% | +11.19% |
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 MNC ETF | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.35% | +6.75% |
| Standard deviation | 14.05% | 11.98% |
| Sharpe ratio | 0.31 | 0.06 |
| Sortino ratio | 0.42 | 0.08 |
| Maximum drawdown | −23.6% (28-02-2025) | −15.4% (07-04-2025) |
| Beta | 1.00 | 0.68 |
| Alpha | −0.42% | −2.53% |
From daily NAVs, 30-10-2023 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.
| Measure | Kotak Nifty MNC ETF | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.39% | +14.10% |
| Standard deviation | 13.03% | 12.46% |
| Sharpe ratio | 0.32 | 0.65 |
| Sortino ratio | 0.44 | 0.89 |
| Maximum drawdown | −23.6% (28-02-2025) | −27.5% (23-03-2020) |
| Beta | 1.00 | 0.65 |
| Alpha | −0.38% | +3.15% |
From daily NAVs, 11-08-2022 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 MNC ETF
SBI MNC Fund (Direct)
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty MNC ETF | −23.6% | 01-10-2024 | 28-02-2025 | 06-05-2026 | 14 months | −16.1% |
| SBI MNC Fund (Direct) | −15.4% | 23-09-2024 | 07-04-2025 | 07-05-2026 | 13 months | −8.6% |
| Nifty MNC TRI | −23.5% | 01-10-2024 | 28-02-2025 | 29-04-2026 | 14 months | −16.0% |
From daily values since 11-08-2022, 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 MNC ETF
SBI MNC Fund (Direct)
Nifty MNC TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Nifty MNC ETF
SBI MNC Fund (Direct)
Nifty MNC TRI
Against Nifty MNC TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty MNC ETF | 99% | 101% | 0.05% |
| SBI MNC Fund (Direct) | 69% | 64% | 9.10% |
From month-end values since 11-08-2022. 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 MNC ETF vs SBI MNC: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty MNC ETF, September 2026; SBI MNC Fund, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 13
- Only in Kotak Nifty MNC ETF
- 17
- Only in SBI MNC
- 32
| Security | % of Kotak Nifty MNC ETF | % of SBI MNC |
|---|---|---|
| Cummins India Ltd. | 6.01% | 4.77% |
| VEDANTA ALUMINIUM METAL LTD | 6.54% | 3.88% |
| Bosch Limited | 3.82% | 4.13% |
| ABB India Ltd. | 3.33% | 3.19% |
| Siemens Ltd. | 3.08% | 2.92% |
| HYUNDAI MOTORS INDIA LTD | 2.70% | 2.67% |
| VEDANTA LTD. | 4.26% | 2.03% |
| Britannia Industries Ltd. | 5.32% | 1.89% |
| Maruti Suzuki India Limited | 10.21% | 1.88% |
| Hindustan Unilever Ltd. | 9.95% | 1.65% |
| Timken India Ltd. | 1.05% | 1.18% |
| Nestle India Ltd. | 8.78% | 0.62% |
| Abbott India Ltd. | 1.33% | 0.21% |
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 MNC ETF
| Security | % of fund |
|---|---|
| Ashok Leyland Ltd. | 4.12% |
| United Spirits Ltd | 3.74% |
| HITACHI ENERGY INDIA LTD. | 3.64% |
| SIEMENS ENERGY INDIA LTD | 2.64% |
| Oracle Financial Services Software Ltd | 2.37% |
Largest holdings only in SBI MNC Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Ltd. | 5.82% |
| Sona Blw Precision Forgings Ltd. | 3.90% |
| Navin Fluorine International Ltd. | 3.62% |
| Sun Pharmaceutical Industries Ltd. | 3.42% |
| Aether Industries Ltd. | 3.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty MNC ETF | SBI MNC |
|---|---|---|
| Equity | 100.0% | 96.3% |
| Debt | 0.0% | 0.3% |
| Cash and others | 0.0% | 3.4% |
Market cap of stocks
| Market cap | Kotak Nifty MNC ETF | SBI MNC |
|---|---|---|
| Large Cap | 66.0% | 39.4% |
| Mid Cap | 28.0% | 24.1% |
| Small Cap | 6.0% | 31.9% |
| Not on AMFI's list | 0.0% | 0.8% |
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 MNC ETF | SBI MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 21.3% |
| Auto Components | 5.3% | 17.6% |
| Food Products | 14.1% | 2.5% |
| Automobiles | 12.9% | 4.5% |
| Electrical Equipment | 12.7% | 6.1% |
| Chemicals & Petrochemicals | 0.0% | 11.0% |
| Diversified FMCG | 9.9% | 1.6% |
| Industrial Products | 7.1% | 8.4% |
| Non - Ferrous Metals | 6.5% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty MNC ETF vs SBI MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty MNC ETF | SBI MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.38% |
| Base expense ratio (Direct) | 0.00% | 1.03% |
| Total expense ratio (Regular) | Not available | 2.01% |
| Base expense ratio (Regular) | 0.25% | 1.57% |
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.
More comparisons
Each fund against the others of its category
Kotak Nifty MNC ETF vs SBI MNC Fund: Frequently Asked Questions
What is the difference between Kotak Nifty MNC ETF and SBI MNC Fund?
Kotak Nifty MNC ETF is an ETF fund, SBI MNC Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 30.6%. Kotak Nifty MNC ETF charges 0.40% a year and SBI MNC Fund 1.38%.
Which has given higher returns, Kotak Nifty MNC ETF or SBI MNC Fund?
Over 1 year: Kotak Nifty MNC ETF −5.30%, SBI MNC Fund +8.18%. Over 3 years: Kotak Nifty MNC ETF +10.35% a year, SBI MNC Fund +6.75% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty MNC ETF or SBI MNC Fund?
Kotak Nifty MNC ETF charges less: 0.40% a year against 1.38%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty MNC ETF and SBI MNC Fund overlap?
30.6%. They hold 13 of the same securities, the largest shared ones being CUMMINSIND, VAML-BE, BOSCHLTD. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty MNC ETF or SBI MNC Fund?
On SEBI's riskometer, Kotak Nifty MNC ETF is rated Very High and SBI MNC Fund Very High. Over 3 years, the standard deviation of daily returns was 14.05% and 11.98% a year.
Which is better for SIP, Kotak Nifty MNC ETF or SBI MNC Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,78,003 in Kotak Nifty MNC ETF (XIRR 1.4% a year) and ₹4,00,614 in SBI MNC Fund (XIRR 5.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Nifty MNC ETF and SBI MNC Fund?
Yes. 30.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty MNC ETF and SBI MNC Fund?
Kotak Nifty MNC ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. SBI MNC Fund: Tanmaya Desai.
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.