Kotak Nifty Next 50 Index Fund vs Motilal Oswal Nifty Next 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Next 50 Index Fund is an Index fund and Motilal Oswal Nifty Next 50 ETF is an ETF fund. In the year to 30-10-2026, Kotak Nifty Next 50 Index Fund (Direct) returned −2.7% and Motilal Oswal Nifty Next 50 ETF returned −2.8%. Kotak Nifty Next 50 Index Fund charges 0.29% a year and Motilal Oswal Nifty Next 50 ETF 0.97%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
Kotak Nifty Next 50 Index Fund
Index
- 1 year return
- −2.7%
- Expense ratio
- 0.29%
- NAV
- ₹19.88
Motilal Oswal Nifty Next 50 ETF
ETF
- 1 year return
- −2.8%
- Expense ratio
- 0.97%
- NAV
- ₹67.69
Which is better, Kotak Nifty Next 50 Index or Motilal Oswal Nifty Next 50 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 Next 50 Index returned more over 1 year: −2.7% against −2.8%.
- Kotak Nifty Next 50 Index costs less: 0.29% a year against 0.97%.
- Kotak Nifty Next 50 Index fell less in its worst fall since 14-05-2025: −14.4% against −14.4%.
- Kotak Nifty Next 50 Index is the larger fund: ₹1,289 Cr against ₹16 Cr.
- Their portfolios overlap 100.0%: 50 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 Next 50 Index Fund | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | ETF |
| AUM | ₹1,289 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹19.88 (Direct) | ₹67.69 |
| Expense ratio (Direct) | 0.29% | Not available |
| Expense ratio (Regular) | 0.69% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Next 50 TRI |
| Launch date | 10-03-2021 | 09-05-2025 |
| 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 Dondapati, Jeetu Valechha Sonar | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Nil | Nil |
Kotak Nifty Next 50 Index vs Motilal Oswal Nifty Next 50 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 Next 50 Index Fund (Direct) | −2.87% | −6.65% | −2.43% | −2.72% | +16.18% | +10.72% | -- |
| Motilal Oswal Nifty Next 50 ETF | −2.88% | −6.67% | −2.35% | −2.75% | -- | -- | -- |
Kotak Nifty Next 50 Index vs Motilal Oswal Nifty Next 50 ETF: Year-wise Returns
| Year | Kotak Nifty Next 50 IndexKotak Nifty Next 50 Index | Motilal Oswal Nifty Next 50 ETFMotilal Oswal Nifty Next 50 ETF | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | −1.72% | −1.76% | −1.53% |
| 2025 | +2.53% | -- | +2.90% |
| 2024 | +28.05% | -- | +28.37% |
| 2023 | +26.70% | -- | +27.24% |
| 2022 | +1.19% | -- | +0.96% |
Kotak Nifty Next 50 Index vs Motilal Oswal Nifty Next 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 115 of them, one for each trading day from 14-05-2026 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 Next 50 Index Fund (Direct)
Motilal Oswal Nifty Next 50 ETF
Nifty Next 50 TRI
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 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 Next 50 Index | 7.0 | 27.8 | 46.1 | 19.1 | 0.0 | 0.0 | 0.0 | 6.2% | 6.0% | −4.5% | 14.9% | 0% |
| Motilal Oswal Nifty Next 50 ETF | 7.8 | 27.0 | 47.0 | 18.3 | 0.0 | 0.0 | 0.0 | 6.1% | 5.9% | −4.5% | 14.8% | 0% |
| Nifty Next 50 TRI | 6.1 | 27.0 | 47.8 | 18.3 | 0.9 | 0.0 | 0.0 | 6.5% | 6.3% | −4.3% | 15.2% | -- |
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 Next 50 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 14-05-2025. Past returns do not promise future returns.
Kotak Nifty Next 50 Index vs Motilal Oswal Nifty Next 50 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 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Next 50 IndexKotak Nifty Next 50 Index Fund (Direct) | ₹1,80,000 | ₹1,78,700 | −₹1,300 | −0.9% |
| Motilal Oswal Nifty Next 50 ETFMotilal Oswal Nifty Next 50 ETF | ₹1,80,000 | ₹1,78,540 | −₹1,460 | −1.0% |
Kotak Nifty Next 50 IndexKotak Nifty Next 50 Index Fund (Direct)
Motilal Oswal Nifty Next 50 ETFMotilal Oswal Nifty Next 50 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 Next 50 Index vs Motilal Oswal Nifty Next 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Next 50 Index Fund (Direct) | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Return (CAGR) | −2.72% | −2.75% |
| Standard deviation | 17.37% | 17.48% |
| Sharpe ratio | -0.46 | -0.46 |
| Sortino ratio | -0.61 | -0.61 |
| Maximum drawdown | −14.4% (31-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.23% | −0.27% |
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 Next 50 Index Fund (Direct) | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Return (CAGR) | +13.61% | +2.89% |
| Standard deviation | 17.30% | 15.84% |
| Sharpe ratio | 0.47 | -0.15 |
| Sortino ratio | 0.62 | -0.21 |
| Maximum drawdown | −26.3% (28-02-2025) | −14.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.41% |
From daily NAVs, 17-03-2021 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 Next 50 Index Fund (Direct)
Motilal Oswal Nifty Next 50 ETF
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Next 50 Index Fund (Direct) | −14.4% | 26-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −9.3% |
| Motilal Oswal Nifty Next 50 ETF | −14.4% | 26-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −9.4% |
| Nifty Next 50 TRI | −14.4% | 26-02-2026 | 30-03-2026 | 21-04-2026 | 22 days | −9.3% |
From daily values since 14-05-2025, 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 Next 50 Index Fund (Direct)
Motilal Oswal Nifty Next 50 ETF
Nifty Next 50 TRI
Against Nifty Next 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Next 50 Index Fund (Direct) | 99% | 100% | 0.08% |
| Motilal Oswal Nifty Next 50 ETF | 99% | 100% | 0.18% |
From month-end values since 14-05-2025. 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 Next 50 Index vs Motilal Oswal Nifty Next 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Next 50 Index Fund, September 2026; Motilal Oswal Nifty Next 50 ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in Kotak Nifty Next 50 Index
- 0
- Only in Motilal Oswal Nifty Next 50 ETF
- 0
| Security | % of Kotak Nifty Next 50 Index | % of Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Divis Laboratories Ltd. | 4.87% | 4.84% |
| TVS Motor Company Ltd. | 3.97% | 3.95% |
| Hindustan Aeronautics Ltd. | 3.65% | 3.63% |
| TML COMMERCIAL VEHICLES LIMITED | 3.63% | 3.61% |
| ADANI POWER LTD | 3.50% | 3.48% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2.97% | 2.95% |
| TORRENT PHARMACEUTICALS LTD. | 2.91% | 2.89% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 2.90% | 2.88% |
| VEDANTA ALUMINIUM METAL LTD | 2.88% | 2.87% |
| Cummins India Ltd. | 2.65% | 2.63% |
| Avenue Supermarts Ltd | 2.53% | 2.51% |
| BHARAT PETROLEUM CORPORATION LTD. | 2.51% | 2.49% |
| Tata Power Company Ltd. | 2.48% | 2.47% |
| Varun Beverages Limited | 2.43% | 2.42% |
| CG Power and Industrial Solutions Ltd. | 2.41% | 2.40% |
| Britannia Industries Ltd. | 2.34% | 2.33% |
| INDIAN OIL CORPORATION LTD. | 2.08% | 2.06% |
| Solar Industries India Limited | 1.98% | 1.97% |
| Power Finance Corporation Ltd. | 1.95% | 1.94% |
| Bajaj Holdings and Investment Ltd | 1.93% | 1.91% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 1.92% | 1.91% |
| GAIL (India) Ltd. | 1.90% | 1.88% |
| VEDANTA LTD. | 1.88% | 1.87% |
| Pidilite Industries Ltd. | 1.88% | 1.86% |
| DLF LIMITED | 1.78% | 1.77% |
| polycab India Limited | 1.77% | 1.76% |
| Wipro Ltd. | 1.77% | 1.76% |
| ADANI ENERGY SOLUTIONS LTD. | 1.77% | 1.76% |
| Adani Green Energy Ltd. | 1.77% | 1.75% |
| BANK OF BARODA | 1.76% | 1.75% |
| Jindal Steel & Power Ltd | 1.73% | 1.72% |
| Bosch Limited | 1.68% | 1.66% |
| CANARA BANK | 1.65% | 1.64% |
| HITACHI ENERGY INDIA LTD. | 1.61% | 1.59% |
| PUNJAB NATIONAL BANK | 1.60% | 1.59% |
| Larsen & Toubro Infotech Ltd | 1.55% | 1.54% |
| Vodafone Idea Ltd | 1.47% | 1.46% |
| ABB India Ltd. | 1.47% | 1.46% |
| GODREJ CONSUMER PRODUCTS LTD. | 1.41% | 1.40% |
| UNION BANK OF INDIA | 1.36% | 1.35% |
| Siemens Ltd. | 1.36% | 1.35% |
| MUTHOOT FINANCE LTD. | 1.21% | 1.20% |
| Zydus Lifesciences Ltd. | 1.19% | 1.18% |
| HYUNDAI MOTORS INDIA LTD | 1.19% | 1.18% |
| SIEMENS ENERGY INDIA LTD | 1.17% | 1.16% |
| Hindustan Zinc Ltd. | 1.12% | 1.11% |
| AMBUJA CEMENTS LTD. | 0.96% | 0.95% |
| TATA CAPITAL LTD. | 0.74% | 0.74% |
| INDIAN RAILWAY FINANCE CORPORATION LTD. | 0.73% | 0.73% |
| MAZAGOAN DOCK SHIPBUILDERS LTD. | 0.66% | 0.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Next 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Motilal Oswal Nifty Next 50 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 Next 50 Index | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Equity | 100.6% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.6% | 0.0% |
Market cap of stocks
| Market cap | Kotak Nifty Next 50 Index | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Large Cap | 95.9% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| 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 Next 50 Index | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Power | 9.5% | 9.5% |
| Finance | 9.5% | 9.4% |
| Pharmaceuticals and Biotechnology | 9.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.4% | 6.3% |
| Automobiles | 5.2% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Next 50 Index vs Motilal Oswal Nifty Next 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Next 50 Index Fund | Motilal Oswal Nifty Next 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | Not available |
| Base expense ratio (Direct) | 0.08% | 0.00% |
| Total expense ratio (Regular) | 0.69% | Not available |
| Base expense ratio (Regular) | 0.42% | 0.18% |
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 Next 50 Index Fund vs Motilal Oswal Nifty Next 50 ETF: Frequently Asked Questions
What is the difference between Kotak Nifty Next 50 Index Fund and Motilal Oswal Nifty Next 50 ETF?
Kotak Nifty Next 50 Index Fund is an Index fund, Motilal Oswal Nifty Next 50 ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 100.0%. Kotak Nifty Next 50 Index Fund charges 0.29% a year and Motilal Oswal Nifty Next 50 ETF 0.97%.
Which has given higher returns, Kotak Nifty Next 50 Index Fund or Motilal Oswal Nifty Next 50 ETF?
Over 1 year: Kotak Nifty Next 50 Index Fund −2.72%, Motilal Oswal Nifty Next 50 ETF −2.75%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty Next 50 Index Fund or Motilal Oswal Nifty Next 50 ETF?
Kotak Nifty Next 50 Index Fund charges less: 0.29% a year against 0.97%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Next 50 Index Fund and Motilal Oswal Nifty Next 50 ETF overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Next 50 Index Fund or Motilal Oswal Nifty Next 50 ETF?
On SEBI's riskometer, Kotak Nifty Next 50 Index Fund is rated Very High and Motilal Oswal Nifty Next 50 ETF Very High. Over 1 years, the standard deviation of daily returns was 17.37% and 17.48% a year.
Can I invest in both Kotak Nifty Next 50 Index Fund and Motilal Oswal Nifty Next 50 ETF?
Yes. 100.0% 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 Next 50 Index Fund and Motilal Oswal Nifty Next 50 ETF?
Kotak Nifty Next 50 Index Fund: Satish Dondapati, Jeetu Valechha Sonar. Motilal Oswal Nifty Next 50 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.