Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Private Bank ETF is an ETF fund and UTI Nifty Private Bank Index Fund is an Index fund. Kotak Nifty Private Bank ETF charges 0.95% a year and UTI Nifty Private Bank Index Fund 0.56%. Their portfolios overlap 100.0%: they hold 10 of the same securities.
UTI Nifty Private Bank Index Fund
Index
- Expense ratio
- 0.56%
- NAV
- ₹10.04
Which is better, Kotak Nifty Private Bank ETF or UTI Nifty Private Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty Private Bank Index costs less: 0.56% a year against 0.95%.
- Kotak Nifty Private Bank ETF fell less in its worst fall since 21-07-2026: −5.7% against −5.8%.
- UTI Nifty Private Bank Index is the larger fund: ₹226 Cr against ₹16 Cr.
- Their portfolios overlap 100.0%: 10 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 Private Bank ETF | UTI Nifty Private Bank Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹16 Cr (30-09-2026) | ₹226 Cr (30-09-2026) |
| NAV | ₹27.12 | ₹10.04 (Direct) |
| Expense ratio (Direct) | Not available | 0.56% |
| Expense ratio (Regular) | Not available | 1.04% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Private Bank TRI | Nifty Private Bank TRI |
| Launch date | 17-07-2026 | 20-09-2024 |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to | ₹1,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Jeetu Valechha Sonar, amp, Abhishek Bisen | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | NIL | Nil |
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank 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 Private Bank ETF | +1.30% | −1.52% | -- | -- | -- | -- | -- |
| UTI Nifty Private Bank Index Fund (Direct) | +1.30% | −1.59% | +3.28% | −4.28% | -- | -- | -- |
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index: Year-wise Returns
| Year | Kotak Nifty Private Bank ETFKotak Nifty Private Bank ETF | UTI Nifty Private Bank IndexUTI Nifty Private Bank Index | Nifty Private Bank TRI |
|---|---|---|---|
| 2026to date | -- | −5.69% | −5.24% |
| 2025 | -- | +15.87% | +16.55% |
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index: Rolling Returns
Every holding period of both funds, against Nifty Private Bank TRI, the benchmark of both
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Private Bank ETF | UTI Nifty Private Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.79% | −0.00% |
| Standard deviation | 13.14% | 15.60% |
| Sharpe ratio | -1.14 | -0.36 |
| Sortino ratio | -1.56 | -0.52 |
| Maximum drawdown | −5.7% (29-09-2026) | −17.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | −0.57% |
From daily NAVs, 21-07-2026 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 Private Bank ETF
UTI Nifty Private Bank Index Fund (Direct)
Nifty Private Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Private Bank ETF | −5.7% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.6% |
| UTI Nifty Private Bank Index Fund (Direct) | −5.8% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.6% |
| Nifty Private Bank TRI | −5.7% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.5% |
From daily values since 21-07-2026, the first day every fund has.
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Private Bank ETF, September 2026; UTI Nifty Private Bank Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 10
- Only in Kotak Nifty Private Bank ETF
- 0
- Only in UTI Nifty Private Bank Index
- 0
| Security | % of Kotak Nifty Private Bank ETF | % of UTI Nifty Private Bank Index |
|---|---|---|
| ICICI BANK LTD. | 21.53% | 21.54% |
| HDFC BANK LTD. | 20.82% | 20.83% |
| KOTAK MAHINDRA BANK LTD. | 19.84% | 19.84% |
| AXIS BANK LTD. | 19.27% | 19.28% |
| FEDERAL BANK LTD. | 5.35% | 5.36% |
| INDUSIND BANK LTD. | 4.05% | 4.06% |
| IDFC FIRST BANK LIMITED | 3.69% | 3.69% |
| YES BANK LTD. | 2.51% | 2.51% |
| RBL BANK LTD. | 1.71% | 1.71% |
| BANDHAN BANK LIMITED | 1.20% | 1.20% |
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 Private Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty Private Bank Index Fund
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 Private Bank ETF | UTI Nifty Private Bank 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 Private Bank ETF | UTI Nifty Private Bank Index |
|---|---|---|
| Large Cap | 81.5% | 81.5% |
| Mid Cap | 15.6% | 15.6% |
| Small Cap | 2.9% | 2.9% |
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 Private Bank ETF | UTI Nifty Private Bank Index |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Private Bank ETF vs UTI Nifty Private Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Private Bank ETF | UTI Nifty Private Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.56% |
| Base expense ratio (Direct) | 0.00% | 0.41% |
| Total expense ratio (Regular) | Not available | 1.04% |
| Base expense ratio (Regular) | 0.10% | 0.84% |
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 Private Bank ETF vs UTI Nifty Private Bank Index Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Private Bank ETF and UTI Nifty Private Bank Index Fund?
Kotak Nifty Private Bank ETF is an ETF fund, UTI Nifty Private Bank Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.0%. Kotak Nifty Private Bank ETF charges 0.95% a year and UTI Nifty Private Bank Index Fund 0.56%.
Which has the lower expense ratio, Kotak Nifty Private Bank ETF or UTI Nifty Private Bank Index Fund?
UTI Nifty Private Bank Index Fund charges less: 0.56% a year against 0.95%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Private Bank ETF and UTI Nifty Private Bank Index Fund overlap?
100.0%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Private Bank ETF or UTI Nifty Private Bank Index Fund?
On SEBI's riskometer, Kotak Nifty Private Bank ETF is rated Very High and UTI Nifty Private Bank Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.14% and 15.60% a year.
Can I invest in both Kotak Nifty Private Bank ETF and UTI Nifty Private Bank Index Fund?
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 Private Bank ETF and UTI Nifty Private Bank Index Fund?
Kotak Nifty Private Bank ETF: Satish Dondapati, Jeetu Valechha Sonar, amp, Abhishek Bisen. UTI Nifty Private Bank Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.