Kotak Pioneer Fund vs Mirae Asset Nifty India New Age Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 29-10-2026
Kotak Pioneer Fund is a Thematic fund and Mirae Asset Nifty India New Age Consumption ETF is an ETF fund. In the year to 30-10-2026, Kotak Pioneer Fund (Direct) returned 4.0% and Mirae Asset Nifty India New Age Consumption ETF returned −9.7%. Kotak Pioneer Fund charges 0.63% a year and Mirae Asset Nifty India New Age Consumption ETF 0.46%. Their portfolios overlap 26.2%: they hold 18 of the same securities.
Mirae Asset Nifty India New Age Consumption ETF
ETF
- 1 year return
- −9.7%
- Expense ratio
- 0.46%
- NAV
- ₹11.12
Which is better, Kotak Pioneer or Mirae Asset Nifty India New Age Consumption 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 Pioneer returned more over 1 year: 4.0% against −9.7%.
- Mirae Asset Nifty India New Age Consumption ETF costs less: 0.46% a year against 0.63%.
- Kotak Pioneer fell less in its worst fall since 27-12-2024: −16.3% against −21.9%.
- Kotak Pioneer holds 16.3% of the fund in foreign stocks; Mirae Asset Nifty India New Age Consumption ETF 0.0%.
- Mirae Asset Nifty India New Age Consumption ETF holds more in large companies: 53.9% of the fund in large caps against 25.3%.
- Kotak Pioneer is the larger fund: ₹4,295 Cr against ₹54 Cr.
- Their portfolios overlap 26.2%: 18 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 Pioneer Fund | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹4,295 Cr (30-09-2026) | ₹54 Cr (30-09-2026) |
| NAV | ₹37.63 (Direct) | ₹11.12 |
| Expense ratio (Direct) | 0.63% | Not available |
| Expense ratio (Regular) | 1.90% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI | Nifty India New Age Consumption TRI |
| Launch date | 31-10-2019 | 26-12-2024 |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 6,00,000 units |
| Lock in | None | None |
| Fund managers | Harish Bihani | Ekta Gala, amp, Vishal Singh |
| Exit load | 0.5% for redemption within 90 Days | NIL |
Kotak Pioneer vs Mirae Asset Nifty India New Age Consumption 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 Pioneer Fund (Direct) | −3.23% | −1.53% | +6.34% | +4.04% | +19.97% | +13.89% | -- |
| Mirae Asset Nifty India New Age Consumption ETF | −1.58% | −7.58% | +1.62% | −9.69% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Pioneer vs Mirae Asset Nifty India New Age Consumption ETF: Year-wise Returns
| Year | Kotak PioneerKotak Pioneer | Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| 2026to date | +6.63% | −6.27% |
| 2025 | +7.70% | +0.83% |
| 2024 | +30.41% | -- |
| 2023 | +38.70% | -- |
| 2022 | −6.89% | -- |
| 2021 | +38.48% | -- |
Kotak Pioneer vs Mirae Asset Nifty India New Age Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India New Age Consumption TRI, the benchmark of Mirae Asset Nifty India New Age Consumption ETF
Rolling returns
Every 1-year holding period, 207 of them, one for each trading day from 29-12-2025 to 29-10-2026: 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 Pioneer Fund (Direct)
Mirae Asset Nifty India New Age Consumption ETF
Nifty India New Age Consumption TRI
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 Pioneer | 0.0 | 3.4 | 30.4 | 49.8 | 16.4 | 0.0 | 0.0 | 11.3% | 11.3% | 2.9% | 19.7% | 100% |
| Mirae Asset Nifty India New Age Consumption ETF | 47.8 | 36.2 | 13.5 | 2.4 | 0.0 | 0.0 | 0.0 | −0.1% | 0.3% | −12.7% | 12.2% | 0% |
| Nifty India New Age Consumption TRI | 45.9 | 36.7 | 13.0 | 4.3 | 0.0 | 0.0 | 0.0 | 0.2% | 0.7% | −12.4% | 12.7% | -- |
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 India New Age Consumption 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 27-12-2024. Past returns do not promise future returns.
Kotak Pioneer vs Mirae Asset Nifty India New Age Consumption 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 02-12-2024 to 29-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak PioneerKotak Pioneer Fund (Direct) | ₹2,30,000 | ₹2,53,258 | ₹23,258 | 10.1% |
| Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF | ₹2,30,000 | ₹2,25,587 | −₹4,413 | −1.9% |
Kotak PioneerKotak Pioneer Fund (Direct)
Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption 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 Pioneer vs Mirae Asset Nifty India New Age Consumption ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Pioneer Fund (Direct) | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Return (CAGR) | +4.04% | −9.69% |
| Standard deviation | 13.48% | 18.53% |
| Sharpe ratio | -0.09 | -0.81 |
| Sortino ratio | -0.12 | -1.08 |
| Maximum drawdown | −13.1% (30-03-2026) | −21.1% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.33% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Pioneer Fund (Direct) | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Return (CAGR) | +20.88% | −3.09% |
| Standard deviation | 15.66% | 18.45% |
| Sharpe ratio | 1.01 | -0.47 |
| Sortino ratio | 1.38 | -0.64 |
| Maximum drawdown | −35.7% (23-03-2020) | −21.9% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.35% |
From daily NAVs, 06-11-2019 to 29-10-2026. 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 Pioneer Fund (Direct)
Mirae Asset Nifty India New Age Consumption ETF
Nifty India New Age Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Pioneer Fund (Direct) | −16.3% | 03-01-2025 | 07-04-2025 | 04-06-2025 | 58 days | −6.5% |
| Mirae Asset Nifty India New Age Consumption ETF | −21.9% | 18-09-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| Nifty India New Age Consumption TRI | −21.7% | 18-09-2025 | 30-03-2026 | 25-08-2026 | 5 months | −10.4% |
From daily values since 27-12-2024, 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 Pioneer Fund (Direct)
Mirae Asset Nifty India New Age Consumption ETF
Nifty India New Age Consumption TRI
Against Nifty India New Age Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Pioneer Fund (Direct) | 98% | 63% | 8.38% |
| Mirae Asset Nifty India New Age Consumption ETF | 99% | 100% | 0.06% |
From month-end values since 27-12-2024. 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 Pioneer vs Mirae Asset Nifty India New Age Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Pioneer Fund, September 2026; Mirae Asset Nifty India New Age Consumption ETF, September 2026
Holdings in common
- Overlap
- 26.2%
- Held by both
- 18
- Only in Kotak Pioneer
- 35
- Only in Mirae Asset Nifty India New Age Consumption ETF
- 57
| Security | % of Kotak Pioneer | % of Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| ETERNAL LIMITED | 5.53% | 4.91% |
| Inter Globe Aviation Ltd | 2.41% | 4.66% |
| Maruti Suzuki India Limited | 2.01% | 5.10% |
| LENSKART SOLUTIONS LIMITED | 3.65% | 1.89% |
| TITAN COMPANY LTD. | 1.82% | 4.83% |
| Info Edge India Ltd. | 1.79% | 1.78% |
| Dixon Technologies India Ltd | 1.63% | 2.26% |
| Mahindra & Mahindra Ltd. | 1.58% | 4.99% |
| PB Fintech Ltd. | 1.53% | 1.56% |
| Avenue Supermarts Ltd | 1.32% | 2.31% |
| 360 ONE WAM LIMITED | 1.60% | 1.12% |
| VISHAL MEGA MART LIMITED | 1.42% | 1.07% |
| SWIGGY LTD | 0.92% | 1.42% |
| TVS Motor Company Ltd. | 0.91% | 2.81% |
| BHARTI HEXACOM LTD. | 2.05% | 0.44% |
| TRENT LTD | 0.43% | 3.29% |
| PHYSICSWALLAH LIMITED | 0.50% | 0.27% |
| BRAINBEES SOLUTIONS LIMITED | 0.25% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.2% means 26.2% 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 Pioneer Fund
| Security | % of fund |
|---|---|
| INDO-MIM LTD | 4.92% |
| ASTER DM HEALTHCARE LTD | 2.94% |
| ADITYA INFOTECH LIMITED | 2.90% |
| ICICI BANK LTD. | 2.66% |
| CAPILLARY TECHNOLOGIES | 2.15% |
Largest holdings only in Mirae Asset Nifty India New Age Consumption ETF
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 5.06% |
| Bajaj Auto Ltd. | 3.46% |
| One 97 Communications Ltd. | 2.99% |
| Eicher Motors Ltd. | 2.88% |
| The Indian Hotels Company Ltd. | 2.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Pioneer | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Equity | 93.5% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.5% | -0.0% |
Market cap of stocks
| Market cap | Kotak Pioneer | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Large Cap | 25.3% | 53.9% |
| Mid Cap | 26.6% | 36.0% |
| Small Cap | 19.6% | 10.2% |
| Foreign stocks | 16.3% | 0.0% |
| Not on AMFI's list | 5.7% | 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 Pioneer | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Automobiles | 4.5% | 25.1% |
| Retailing | 15.9% | 19.9% |
| Overseas Mutual Fund | 16.3% | 0.0% |
| Consumer Durables | 3.5% | 13.5% |
| Realty | 0.7% | 8.8% |
| Capital Markets | 3.0% | 7.9% |
| Industrial Manufacturing | 7.8% | 0.0% |
| Telecom - Services | 2.0% | 7.8% |
| Healthcare Services | 6.8% | 0.0% |
| Auto Components | 4.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Pioneer vs Mirae Asset Nifty India New Age Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Pioneer Fund | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | Not available |
| Base expense ratio (Direct) | 0.48% | 0.00% |
| Total expense ratio (Regular) | 1.90% | Not available |
| Base expense ratio (Regular) | 1.57% | 0.29% |
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 Pioneer Fund vs Mirae Asset Nifty India New Age Consumption ETF: Frequently Asked Questions
What is the difference between Kotak Pioneer Fund and Mirae Asset Nifty India New Age Consumption ETF?
Kotak Pioneer Fund is a Thematic fund, Mirae Asset Nifty India New Age Consumption ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 26.2%. Kotak Pioneer Fund charges 0.63% a year and Mirae Asset Nifty India New Age Consumption ETF 0.46%.
Which has given higher returns, Kotak Pioneer Fund or Mirae Asset Nifty India New Age Consumption ETF?
Over 1 year: Kotak Pioneer Fund +4.04%, Mirae Asset Nifty India New Age Consumption ETF −9.69%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Pioneer Fund or Mirae Asset Nifty India New Age Consumption ETF?
Mirae Asset Nifty India New Age Consumption ETF charges less: 0.46% a year against 0.63%. These are the total expense ratios reported to AMFI.
How much do Kotak Pioneer Fund and Mirae Asset Nifty India New Age Consumption ETF overlap?
26.2%. They hold 18 of the same securities, the largest shared ones being ETERNAL, INDIGO, MARUTI. From each fund's latest monthly portfolio.
Which is riskier, Kotak Pioneer Fund or Mirae Asset Nifty India New Age Consumption ETF?
On SEBI's riskometer, Kotak Pioneer Fund is rated Very High and Mirae Asset Nifty India New Age Consumption ETF Very High. Over 1 years, the standard deviation of daily returns was 13.48% and 18.53% a year.
Can I invest in both Kotak Pioneer Fund and Mirae Asset Nifty India New Age Consumption ETF?
Yes. 26.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Pioneer Fund and Mirae Asset Nifty India New Age Consumption ETF?
Kotak Pioneer Fund: Harish Bihani. Mirae Asset Nifty India New Age Consumption ETF: Ekta Gala, amp, Vishal Singh.
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.