Kotak Quant Fund vs NJ Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Quant Fund is a Thematic fund and NJ Momentum Fund is a Thematic fund. Kotak Quant Fund charges 1.78% a year and NJ Momentum Fund 1.72% (Direct plans). Their portfolios overlap 33.3%: they hold 28 of the same securities.
Which is better, Kotak Quant or NJ Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Momentum costs less: 1.72% a year against 1.78% (Direct plans).
- NJ Momentum fell less in its worst fall since 03-08-2026: −10.8% against −14.2%.
- Their portfolios overlap 33.3%: 28 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 Quant Fund | NJ Momentum Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | NJ Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹451 Cr (30-09-2026) | Not available |
| NAV | ₹14.19 (Direct) | ₹9.60 (Direct) |
| Expense ratio (Direct) | 1.78% | 1.72% |
| Expense ratio (Regular) | 2.46% | 3.51% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 200 TRI | Nifty 500 TRI |
| Launch date | 02-08-2023 | 30-07-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Harsha Upadhyaya, Abhishek Bisen, Rohit Tandon | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Exit load of 0.5%, if redeemed within 90 days | Nil |
Kotak Quant vs NJ Momentum: 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 Quant Fund (Direct) | −3.93% | −6.88% | −4.68% | −7.47% | +11.93% | -- | -- |
| NJ Momentum Fund (Direct) | −3.42% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Quant vs NJ Momentum: Year-wise Returns
| Year | Kotak QuantKotak Quant | NJ MomentumNJ Momentum |
|---|---|---|
| 2026to date | −8.13% | -- |
| 2025 | +4.44% | -- |
| 2024 | +19.00% | -- |
Kotak Quant vs NJ Momentum: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Kotak Quant Fund
Kotak Quant vs NJ Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Quant Fund (Direct) | NJ Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.38% | −16.97% |
| Standard deviation | 15.83% | 16.11% |
| Sharpe ratio | 0.33 | -1.38 |
| Sortino ratio | 0.44 | -1.73 |
| Maximum drawdown | −22.3% (28-02-2025) | −10.8% (23-10-2026) |
| Beta | 1.04 | 1.16 |
| Alpha | +2.46% | +17.26% |
From daily NAVs, 08-08-2023 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.
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 Quant Fund (Direct)
NJ Momentum Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Quant Fund (Direct) | −14.2% | 31-08-2026 | 23-10-2026 | Not yet | -- | −9.9% |
| NJ Momentum Fund (Direct) | −10.8% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
| Nifty 200 TRI | −9.8% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.8% |
From daily values since 03-08-2026, the first day every fund has.
Kotak Quant vs NJ Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Quant Fund, September 2026; NJ Momentum Fund, September 2026
Holdings in common
- Overlap
- 33.3%
- Held by both
- 28
- Only in Kotak Quant
- 62
- Only in NJ Momentum
- 12
| Security | % of Kotak Quant | % of NJ Momentum |
|---|---|---|
| Laurus Labs Ltd | 2.91% | 4.22% |
| Radico Khaitan Ltd. | 2.84% | 2.57% |
| Bajaj Auto Ltd. | 3.01% | 2.41% |
| NAVIN FLUORINE INTERNATIONAL LTD. | 2.28% | 2.78% |
| Sona BLW Precision Forgings Ltd | 1.97% | 2.75% |
| R R KABEL LTD | 1.56% | 2.47% |
| HIMADRI SPECIALITY CHEMICAL LTD. | 1.45% | 2.30% |
| Ami Organics Ltd | 1.43% | 2.56% |
| ADITYA INFOTECH LIMITED | 1.42% | 2.74% |
| MARICO LTD. | 1.14% | 2.30% |
| Granules India Ltd. | 1.08% | 2.49% |
| TITAN COMPANY LTD. | 1.05% | 3.84% |
| Lupin Ltd. | 1.01% | 3.26% |
| Welspun Corp Limited | 0.99% | 6.72% |
| Oracle Financial Services Software Ltd | 1.83% | 0.97% |
| FEDERAL BANK LTD. | 0.92% | 3.38% |
| Eicher Motors Ltd. | 0.90% | 2.33% |
| Nestle India Ltd. | 3.46% | 0.89% |
| NMDC Ltd. | 0.75% | 0.92% |
| BHARAT FORGE LTD. | 0.75% | 3.57% |
| Cummins India Ltd. | 0.74% | 2.20% |
| Kirloskar Oil Engines Ltd. | 0.72% | 4.30% |
| SHRIRAM FINANCE LIMITED | 0.63% | 3.58% |
| BANK OF MAHARASHTRA | 0.62% | 0.95% |
| Zydus Lifesciences Ltd. | 0.61% | 1.00% |
| L&T FINANCE LTD | 0.60% | 2.03% |
| STATE BANK OF INDIA. | 0.52% | 2.23% |
| ABB India Ltd. | 0.43% | 2.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.3% means 33.3% 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 Quant Fund
| Security | % of fund |
|---|---|
| Apollo Hospitals Enterprise Ltd. | 2.79% |
| TVS Motor Company Ltd. | 2.26% |
| PNB HOUSING FINANCE LTD. | 1.99% |
| Bosch Limited | 1.98% |
| Divis Laboratories Ltd. | 1.91% |
Largest holdings only in NJ Momentum Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 4.68% |
| Torrent Pharmaceuticals Limited | 3.63% |
| The Phoenix Mills Limited | 2.61% |
| Belrise Industries Ltd. | 2.59% |
| Aurobindo Pharma Limited | 2.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Quant | NJ Momentum |
|---|---|---|
| Equity | 98.5% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 0.3% |
Market cap of stocks
| Market cap | Kotak Quant | NJ Momentum |
|---|---|---|
| Large Cap | 34.2% | 28.0% |
| Mid Cap | 32.6% | 37.8% |
| Small Cap | 31.2% | 33.9% |
| Not on AMFI's list | 0.5% | 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 Quant | NJ Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 19.7% |
| Pharmaceuticals and Biotechnology | 15.8% | 0.0% |
| Industrial Products | 7.0% | 15.7% |
| Banks | 2.8% | 13.1% |
| Auto Components | 6.7% | 10.0% |
| Electrical Equipment | 8.7% | 2.3% |
| Finance | 5.0% | 6.4% |
| Chemicals & Petrochemicals | 0.0% | 6.2% |
| Automobiles | 6.2% | 4.7% |
| Chemicals and Petrochemicals | 5.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Quant vs NJ Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Quant Fund | NJ Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.78% | 1.72% |
| Base expense ratio (Direct) | 1.00% | 0.58% |
| Total expense ratio (Regular) | 2.46% | 3.51% |
| Base expense ratio (Regular) | 1.60% | 2.10% |
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
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Kotak Quant Fund vs NJ Momentum Fund: Frequently Asked Questions
What is the difference between Kotak Quant Fund and NJ Momentum Fund?
Kotak Quant Fund is a Thematic fund, NJ Momentum Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and NJ Mutual Fund. Their portfolios overlap 33.3%. Kotak Quant Fund charges 1.78% a year and NJ Momentum Fund 1.72%.
Which has the lower expense ratio, Kotak Quant Fund or NJ Momentum Fund?
NJ Momentum Fund charges less: 1.72% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Quant Fund and NJ Momentum Fund overlap?
33.3%. They hold 28 of the same securities, the largest shared ones being LAURUSLABS, RADICO, BAJAJ-AUTO. From each fund's latest monthly portfolio.
Which is riskier, Kotak Quant Fund or NJ Momentum Fund?
On SEBI's riskometer, Kotak Quant Fund is rated Very High and NJ Momentum Fund Very High. Over their common history, the standard deviation of daily returns was 15.83% and 16.11% a year.
Can I invest in both Kotak Quant Fund and NJ Momentum Fund?
Yes. 33.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Quant Fund and NJ Momentum Fund?
Kotak Quant Fund: Harsha Upadhyaya, Abhishek Bisen, Rohit Tandon. NJ Momentum Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.