Kotak Nifty MNC ETF vs UTI - 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 UTI - MNC Fund is a Thematic fund. In the 3 years to 30-10-2026, Kotak Nifty MNC ETF returned 10.3% a year and UTI - MNC Fund (Direct) returned 7.7% a year. Kotak Nifty MNC ETF charges 0.40% a year and UTI - MNC Fund 1.54%. Their portfolios overlap 40.2%: they hold 19 of the same securities.
Which is better, Kotak Nifty MNC ETF or UTI - 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 7.7%.
- Kotak Nifty MNC ETF returned more over 1 year: −5.3% against −7.4%.
- Kotak Nifty MNC ETF costs less: 0.40% a year against 1.54%.
- UTI - MNC swung less over 3 years: a standard deviation of 12.0% a year against 14.0%.
- UTI - MNC fell less in its worst fall since 11-08-2022: −21.6% against −23.6%.
- Kotak Nifty MNC ETF holds more in large companies: 66.0% of the fund in large caps against 29.6%.
- UTI - MNC is the larger fund: ₹2,619 Cr against ₹45 Cr.
- Their portfolios overlap 40.2%: 19 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 | UTI - MNC Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹45 Cr (30-09-2026) | ₹2,619 Cr (30-09-2026) |
| NAV | ₹29.34 | ₹420.15 (Direct) |
| Expense ratio (Direct) | Not available | 1.54% |
| Expense ratio (Regular) | Not available | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 05-08-2022 | 18-04-2007 |
| 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 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Karthikraj Lakshmanan FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5 |
| Exit load | NIL | Exit load of 1% if redeemed less than 1 year |
Kotak Nifty MNC ETF vs UTI - 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% | -- | -- |
| UTI - MNC Fund (Direct) | −2.90% | −6.83% | −1.90% | −7.38% | +7.68% | +7.05% | +9.93% |
| 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 UTI - MNC: Year-wise Returns
| Year | Kotak Nifty MNC ETFKotak Nifty MNC ETF | UTI - MNCUTI - MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −6.18% | −6.84% | −5.92% |
| 2025 | +10.28% | +4.21% | +10.75% |
| 2024 | +16.17% | +17.70% | +16.63% |
| 2023 | +23.70% | +23.68% | +24.10% |
| 2022 | -- | −0.54% | +3.83% |
| 2021 | -- | +25.29% | +24.64% |
Kotak Nifty MNC ETF vs UTI - 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
UTI - 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% |
| UTI - MNC | 0.0 | 0.0 | 13.7 | 81.6 | 4.7 | 0.0 | 0.0 | 12.3% | 12.9% | 6.4% | 15.4% | 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 UTI - 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% |
| UTI - MNCUTI - MNC Fund (Direct) | ₹5,10,000 | ₹5,65,831 | ₹55,831 | 4.8% |
Kotak Nifty MNC ETFKotak Nifty MNC ETF
UTI - MNCUTI - 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 UTI - 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 | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.30% | −7.38% |
| Standard deviation | 15.54% | 12.58% |
| Sharpe ratio | -0.68 | -1.00 |
| Sortino ratio | -0.88 | -1.30 |
| Maximum drawdown | −18.0% (23-10-2026) | −14.6% (31-03-2026) |
| Beta | 1.00 | 0.75 |
| Alpha | −0.33% | −4.97% |
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 | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.35% | +7.68% |
| Standard deviation | 14.05% | 11.96% |
| Sharpe ratio | 0.31 | 0.14 |
| Sortino ratio | 0.42 | 0.19 |
| Maximum drawdown | −23.6% (28-02-2025) | −21.6% (28-02-2025) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.42% | −2.08% |
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 | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.39% | +13.32% |
| Standard deviation | 13.03% | 12.89% |
| Sharpe ratio | 0.32 | 0.56 |
| Sortino ratio | 0.44 | 0.77 |
| Maximum drawdown | −23.6% (28-02-2025) | −31.6% (23-03-2020) |
| Beta | 1.00 | 0.77 |
| Alpha | −0.38% | +1.46% |
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
UTI - 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% |
| UTI - MNC Fund (Direct) | −21.6% | 01-10-2024 | 28-02-2025 | Not yet | -- | −11.8% |
| 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
UTI - 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
UTI - 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% |
| UTI - MNC Fund (Direct) | 80% | 84% | 6.48% |
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 UTI - MNC: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty MNC ETF, September 2026; UTI - MNC Fund, September 2026
Holdings in common
- Overlap
- 40.2%
- Held by both
- 19
- Only in Kotak Nifty MNC ETF
- 11
- Only in UTI - MNC
- 40
| Security | % of Kotak Nifty MNC ETF | % of UTI - MNC |
|---|---|---|
| Maruti Suzuki India Limited | 10.21% | 7.19% |
| Nestle India Ltd. | 8.78% | 4.77% |
| Hindustan Unilever Ltd. | 9.95% | 4.74% |
| Bosch Limited | 3.82% | 5.76% |
| VEDANTA ALUMINIUM METAL LTD | 6.54% | 2.92% |
| HYUNDAI MOTORS INDIA LTD | 2.70% | 3.10% |
| Gland Pharma Limited | 2.16% | 4.10% |
| United Spirits Ltd | 3.74% | 1.73% |
| LG ELECTRONICS INDIA LTD. | 1.64% | 2.63% |
| Oracle Financial Services Software Ltd | 2.37% | 1.42% |
| Siemens Ltd. | 3.08% | 1.14% |
| Abbott India Ltd. | 1.33% | 1.04% |
| CRISIL Ltd. | 1.01% | 2.05% |
| Timken India Ltd. | 1.05% | 0.90% |
| Cummins India Ltd. | 6.01% | 0.82% |
| Britannia Industries Ltd. | 5.32% | 0.78% |
| SIEMENS ENERGY INDIA LTD | 2.64% | 0.60% |
| Ashok Leyland Ltd. | 4.12% | 0.53% |
| VEDANTA LTD. | 4.26% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.2% means 40.2% 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 |
|---|---|
| HITACHI ENERGY INDIA LTD. | 3.64% |
| ABB India Ltd. | 3.33% |
| AMBUJA CEMENTS LTD. | 2.18% |
| Colgate- Palmolive (India) Ltd. | 2.17% |
| Nippon Life Asset Management Ltd | 1.80% |
Largest holdings only in UTI - MNC Fund
| Security | % of fund |
|---|---|
| EQ - PROCTOR & GAMBLE HEALTH LTD | 4.03% |
| EQ - COFORGE LTD | 2.50% |
| EQ - ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 2.01% |
| EQ - AFFLE 3I LIMITED | 1.92% |
| EQ - TATA COMMUNICATIONS LTD. | 1.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty MNC ETF | UTI - MNC |
|---|---|---|
| Equity | 100.0% | 92.8% |
| Debt | 0.0% | 0.4% |
| Cash and others | 0.0% | 6.8% |
Market cap of stocks
| Market cap | Kotak Nifty MNC ETF | UTI - MNC |
|---|---|---|
| Large Cap | 66.0% | 29.6% |
| Mid Cap | 28.0% | 28.6% |
| Small Cap | 6.0% | 33.1% |
| Not on AMFI's list | 0.0% | 1.6% |
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 MNC ETF | UTI - MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 16.1% |
| Food Products | 14.1% | 5.5% |
| Automobiles | 12.9% | 10.3% |
| Electrical Equipment | 12.7% | 1.7% |
| Auto Components | 5.3% | 12.5% |
| Diversified FMCG | 9.9% | 4.7% |
| IT - Software | 2.4% | 8.6% |
| Industrial Products | 7.1% | 5.9% |
| Non - Ferrous Metals | 6.5% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty MNC ETF vs UTI - MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty MNC ETF | UTI - MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.54% |
| Base expense ratio (Direct) | 0.00% | 1.12% |
| Total expense ratio (Regular) | Not available | 2.20% |
| Base expense ratio (Regular) | 0.25% | 1.71% |
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 UTI - MNC Fund: Frequently Asked Questions
What is the difference between Kotak Nifty MNC ETF and UTI - MNC Fund?
Kotak Nifty MNC ETF is an ETF fund, UTI - MNC Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 40.2%. Kotak Nifty MNC ETF charges 0.40% a year and UTI - MNC Fund 1.54%.
Which has given higher returns, Kotak Nifty MNC ETF or UTI - MNC Fund?
Over 1 year: Kotak Nifty MNC ETF −5.30%, UTI - MNC Fund −7.38%. Over 3 years: Kotak Nifty MNC ETF +10.35% a year, UTI - MNC Fund +7.68% 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 UTI - MNC Fund?
Kotak Nifty MNC ETF charges less: 0.40% a year against 1.54%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty MNC ETF and UTI - MNC Fund overlap?
40.2%. They hold 19 of the same securities, the largest shared ones being MARUTI, NESTLEIND, HINDUNILVR. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty MNC ETF or UTI - MNC Fund?
On SEBI's riskometer, Kotak Nifty MNC ETF is rated Very High and UTI - MNC Fund Very High. Over 3 years, the standard deviation of daily returns was 14.05% and 11.96% a year.
Which is better for SIP, Kotak Nifty MNC ETF or UTI - 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 ₹3,73,738 in UTI - MNC Fund (XIRR 0.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Nifty MNC ETF and UTI - MNC Fund?
Yes. 40.2% 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 MNC ETF and UTI - MNC Fund?
Kotak Nifty MNC ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. UTI - MNC Fund: Karthikraj Lakshmanan FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5.
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.