Kotak Nifty200 Value 30 Index Fund vs SBI Comma Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty200 Value 30 Index Fund is an Index fund and SBI Comma Fund is a Thematic fund. Kotak Nifty200 Value 30 Index Fund charges 1.03% a year and SBI Comma Fund 1.25% (Direct plans). Their portfolios overlap 23.9%: they hold 12 of the same securities.
Kotak Nifty200 Value 30 Index Fund
Index
- Expense ratio
- 1.03%
- NAV
- ₹8.93
Which is better, Kotak Nifty200 Value 30 Index or SBI Comma? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty200 Value 30 Index costs less: 1.03% a year against 1.25% (Direct plans).
- SBI Comma fell less in its worst fall since 12-02-2026: −10.8% against −16.2%.
- Kotak Nifty200 Value 30 Index holds more in large companies: 81.5% of the fund in large caps against 36.5%.
- SBI Comma is the larger fund: ₹1,208 Cr against ₹13 Cr.
- Their portfolios overlap 23.9%: 12 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 Nifty200 Value 30 Index Fund | SBI Comma Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹13 Cr (30-09-2026) | ₹1,208 Cr (30-09-2026) |
| NAV | ₹8.93 (Direct) | ₹117.68 (Direct) |
| Expense ratio (Direct) | 1.03% | 1.25% |
| Expense ratio (Regular) | 1.35% | 2.30% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty200 Value 30 TRI | Nifty Commodities TRI |
| Launch date | 05-02-2026 | 08-08-2005 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Devender Singhal, Satish Dondapati, Abhishek Bisen | Dinesh Balachandran |
| Exit load | NIL | Exit load of 0.50% if redeemed within 30 days. |
Kotak Nifty200 Value 30 Index vs SBI Comma: 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 Nifty200 Value 30 Index Fund (Direct) | −2.39% | −8.22% | −10.75% | -- | -- | -- | -- |
| SBI Comma Fund (Direct) | −5.23% | −6.39% | −7.86% | −0.87% | +13.61% | +9.21% | +13.91% |
| 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 Nifty200 Value 30 Index vs SBI Comma: Year-wise Returns
| Year | Kotak Nifty200 Value 30 IndexKotak Nifty200 Value 30 Index | SBI CommaSBI Comma |
|---|---|---|
| 2026to date | -- | −1.71% |
| 2025 | -- | +13.08% |
| 2024 | -- | +11.12% |
| 2023 | -- | +33.02% |
| 2022 | -- | −6.07% |
| 2021 | -- | +52.94% |
Kotak Nifty200 Value 30 Index vs SBI Comma: Rolling Returns
Every holding period of both funds, against Nifty200 Value 30 TRI, the benchmark of Kotak Nifty200 Value 30 Index Fund
Kotak Nifty200 Value 30 Index vs SBI Comma: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty200 Value 30 Index Fund (Direct) | SBI Comma Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.59% | +13.00% |
| Standard deviation | 16.67% | 18.22% |
| Sharpe ratio | -1.31 | 0.38 |
| Sortino ratio | -1.65 | 0.52 |
| Maximum drawdown | −16.2% (23-10-2026) | −40.8% (23-03-2020) |
| Beta | 1.00 | 0.87 |
| Alpha | −0.72% | +2.34% |
From daily NAVs, 12-02-2026 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 Nifty200 Value 30 Index Fund (Direct)
SBI Comma Fund (Direct)
Nifty200 Value 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty200 Value 30 Index Fund (Direct) | −16.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.9% |
| SBI Comma Fund (Direct) | −10.8% | 04-09-2026 | 23-10-2026 | Not yet | -- | −9.9% |
| Nifty200 Value 30 TRI | −15.8% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.5% |
From daily values since 12-02-2026, the first day every fund has.
Kotak Nifty200 Value 30 Index vs SBI Comma: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty200 Value 30 Index Fund, September 2026; SBI Comma Fund, September 2026
Holdings in common
- Overlap
- 23.9%
- Held by both
- 12
- Only in Kotak Nifty200 Value 30 Index
- 18
- Only in SBI Comma
- 29
| Security | % of Kotak Nifty200 Value 30 Index | % of SBI Comma |
|---|---|---|
| Tata Steel Ltd. | 4.57% | 6.52% |
| Oil And Natural Gas Corporation Ltd. | 5.13% | 4.24% |
| Coal India Limited | 5.24% | 2.29% |
| Power Grid Corporation of India Ltd. | 4.48% | 2.01% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 3.20% | 1.74% |
| Hindalco Industries Ltd. | 4.85% | 1.70% |
| INDIAN OIL CORPORATION LTD. | 4.73% | 1.68% |
| GAIL (India) Ltd. | 3.01% | 1.55% |
| Oil India Limited | 1.24% | 2.92% |
| NMDC Ltd. | 1.13% | 2.62% |
| UPL Ltd | 1.06% | 2.41% |
| VEDANTA LTD. | 4.20% | 0.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.9% means 23.9% 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 Nifty200 Value 30 Index Fund
| Security | % of fund |
|---|---|
| BHARAT PETROLEUM CORPORATION LTD. | 5.23% |
| STATE BANK OF INDIA. | 5.06% |
| NTPC LTD | 4.93% |
| ITC Ltd. | 4.93% |
| TATA MOTORS PASSENGER VEHICLES LTD | 4.42% |
Largest holdings only in SBI Comma Fund
| Security | % of fund |
|---|---|
| Sudeep Pharma Ltd. | 6.86% |
| JSW Steel Ltd. | 5.19% |
| CESC Ltd. | 3.51% |
| Arvind Ltd. | 3.40% |
| Gokaldas Exports Ltd. | 3.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty200 Value 30 Index | SBI Comma |
|---|---|---|
| Equity | 100.0% | 91.0% |
| Debt | 0.0% | 0.3% |
| Cash and others | -0.0% | 8.7% |
Market cap of stocks
| Market cap | Kotak Nifty200 Value 30 Index | SBI Comma |
|---|---|---|
| Large Cap | 81.5% | 36.5% |
| Mid Cap | 17.3% | 15.9% |
| Small Cap | 1.2% | 37.3% |
| Not on AMFI's list | 0.0% | 1.4% |
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 Nifty200 Value 30 Index | SBI Comma |
|---|---|---|
| Banks | 24.1% | 0.0% |
| Ferrous Metals | 5.6% | 14.5% |
| Petroleum Products | 13.2% | 5.2% |
| Chemicals & Petrochemicals | 0.0% | 11.3% |
| Power | 9.4% | 8.6% |
| Finance | 8.3% | 0.0% |
| Cement & Cement Products | 0.0% | 8.3% |
| Textiles & Apparels | 0.0% | 8.1% |
| Oil | 6.4% | 7.2% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty200 Value 30 Index vs SBI Comma: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty200 Value 30 Index Fund | SBI Comma Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 1.25% |
| Base expense ratio (Direct) | 0.18% | 0.96% |
| Total expense ratio (Regular) | 1.35% | 2.30% |
| Base expense ratio (Regular) | 0.44% | 1.88% |
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 Nifty200 Value 30 Index Fund vs SBI Comma Fund: Frequently Asked Questions
What is the difference between Kotak Nifty200 Value 30 Index Fund and SBI Comma Fund?
Kotak Nifty200 Value 30 Index Fund is an Index fund, SBI Comma Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 23.9%. Kotak Nifty200 Value 30 Index Fund charges 1.03% a year and SBI Comma Fund 1.25%.
Which has the lower expense ratio, Kotak Nifty200 Value 30 Index Fund or SBI Comma Fund?
Kotak Nifty200 Value 30 Index Fund charges less: 1.03% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty200 Value 30 Index Fund and SBI Comma Fund overlap?
23.9%. They hold 12 of the same securities, the largest shared ones being TATASTEEL, ONGC, COALINDIA. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty200 Value 30 Index Fund or SBI Comma Fund?
On SEBI's riskometer, Kotak Nifty200 Value 30 Index Fund is rated Very High and SBI Comma Fund Very High. Over their common history, the standard deviation of daily returns was 16.67% and 18.22% a year.
Can I invest in both Kotak Nifty200 Value 30 Index Fund and SBI Comma Fund?
Yes. 23.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty200 Value 30 Index Fund and SBI Comma Fund?
Kotak Nifty200 Value 30 Index Fund: Devender Singhal, Satish Dondapati, Abhishek Bisen. SBI Comma Fund: Dinesh Balachandran.
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.