Kotak Services Fund vs Nippon India Index Fund - BSE Sensex Plan
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Services Fund is a Thematic fund and Nippon India Index Fund - BSE Sensex Plan is a mutual fund. Kotak Services Fund charges 1.25% a year and Nippon India Index Fund - BSE Sensex Plan 0.21% (Direct plans). Their portfolios overlap 46.2%: they hold 13 of the same securities.
Nippon India Index Fund - BSE Sensex Plan
- Expense ratio
- 0.21%
- NAV
- ₹40.54
Which is better, Kotak Services or Nippon India Index Fund - BSE Sensex Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Index Fund - BSE Sensex Plan costs less: 0.21% a year against 1.25% (Direct plans).
- Kotak Services fell less in its worst fall since 02-03-2026: −7.1% against −10.3%.
- Nippon India Index Fund - BSE Sensex Plan holds more in large companies: 100.0% of the fund in large caps against 70.5%.
- Nippon India Index Fund - BSE Sensex Plan is the larger fund: ₹874 Cr against ₹711 Cr.
- Their portfolios overlap 46.2%: 13 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 Services Fund | Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹711 Cr (30-09-2026) | ₹874 Cr (30-09-2026) |
| NAV | ₹10.19 (Direct) | ₹40.54 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.21% |
| Expense ratio (Regular) | 2.61% | 0.51% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Services Sector TRI | Not available |
| Launch date | 25-02-2026 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Rohit Tandon, Abhishek Bisen | Not available |
| Exit load | Exit load of 0.5%, if redeemed within 90 days. | Not available |
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: 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 Services Fund (Direct) | +1.21% | −2.92% | +0.36% | -- | -- | -- | -- |
| Nippon India Index Fund - BSE Sensex Plan (Direct) | +2.75% | −4.34% | −2.51% | −11.13% | +6.05% | +5.67% | +11.29% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: Year-wise Returns
| Year | Kotak ServicesKotak Services | Nippon India Index Fund - BSE Sensex PlanNippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| 2026to date | -- | −11.98% |
| 2025 | -- | +10.11% |
| 2024 | -- | +9.16% |
| 2023 | -- | +20.12% |
| 2022 | -- | +5.57% |
| 2021 | -- | +22.85% |
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: Rolling Returns
Every holding period of both funds, against Nifty Services Sector TRI, the benchmark of Kotak Services Fund
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Services Fund (Direct) | Nippon India Index Fund - BSE Sensex Plan (Direct) |
|---|---|---|
| Return (CAGR) | +2.63% | +10.93% |
| Standard deviation | 12.62% | 15.65% |
| Sharpe ratio | -0.21 | 0.31 |
| Sortino ratio | -0.29 | 0.43 |
| Maximum drawdown | −7.1% (13-05-2026) | −37.1% (23-03-2020) |
| Beta | 0.69 | 0.98 |
| Alpha | +3.65% | −0.49% |
From daily NAVs, 02-03-2026 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 Services Fund (Direct)
Nippon India Index Fund - BSE Sensex Plan (Direct)
Nifty Services Sector TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Services Fund (Direct) | −7.1% | 21-04-2026 | 13-05-2026 | 07-07-2026 | 55 days | −5.0% |
| Nippon India Index Fund - BSE Sensex Plan (Direct) | −10.3% | 02-03-2026 | 31-03-2026 | Not yet | -- | −6.5% |
| Nifty Services Sector TRI | −11.3% | 02-03-2026 | 30-03-2026 | 03-08-2026 | 4 months | −2.7% |
From daily values since 02-03-2026, the first day every fund has.
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Services Fund, September 2026; Nippon India Index Fund - BSE Sensex Plan, September 2026
Holdings in common
- Overlap
- 46.2%
- Held by both
- 13
- Only in Kotak Services
- 36
- Only in Nippon India Index Fund - BSE Sensex Plan
- 17
| Security | % of Kotak Services | % of Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| ICICI BANK LTD. | 10.84% | 11.03% |
| HDFC BANK LTD. | 6.22% | 12.59% |
| BHARTI AIRTEL LTD. | 6.01% | 6.38% |
| STATE BANK OF INDIA. | 9.26% | 4.64% |
| AXIS BANK LTD. | 8.69% | 4.08% |
| BAJAJ FINANCE LTD. | 3.59% | 2.99% |
| Infosys Ltd. | 2.34% | 4.08% |
| TITAN COMPANY LTD. | 5.00% | 2.18% |
| NTPC LTD | 1.87% | 1.78% |
| HCL Technologies Ltd. | 1.40% | 1.51% |
| Power Grid Corporation of India Ltd. | 5.03% | 1.38% |
| ETERNAL LIMITED | 1.23% | 2.69% |
| Tech Mahindra Ltd. | 3.44% | 1.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.2% means 46.2% 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 Services Fund
| Security | % of fund |
|---|---|
| PNB HOUSING FINANCE LTD. | 4.11% |
| SHIPROCKET LIMITED | 2.18% |
| SHRIRAM FINANCE LIMITED | 2.11% |
| Info Edge India Ltd. | 1.83% |
| QUADRANT FUTURE TEK LIMITED | 1.69% |
Largest holdings only in Nippon India Index Fund - BSE Sensex Plan
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 9.15% |
| Larsen & Toubro Limited | 5.10% |
| Kotak Mahindra Bank Limited | 3.57% |
| Mahindra & Mahindra Limited | 3.07% |
| ITC Limited | 2.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Services | Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| Equity | 97.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.9% | 0.0% |
Market cap of stocks
| Market cap | Kotak Services | Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| Large Cap | 70.5% | 100.0% |
| Mid Cap | 5.3% | 0.0% |
| Small Cap | 15.6% | 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 Services | Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| Banks | 36.5% | 35.9% |
| Finance | 12.0% | 4.1% |
| Petroleum Products | 0.0% | 9.2% |
| IT - Software | 7.2% | 9.1% |
| Power | 7.1% | 3.2% |
| Telecom - Services | 7.0% | 6.4% |
| Consumer Durables | 5.5% | 3.4% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Services vs Nippon India Index Fund - BSE Sensex Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Services Fund | Nippon India Index Fund - BSE Sensex Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.21% |
| Base expense ratio (Direct) | 0.90% | 0.17% |
| Total expense ratio (Regular) | 2.61% | 0.51% |
| Base expense ratio (Regular) | 2.04% | 0.42% |
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 Services Fund vs Nippon India Index Fund - BSE Sensex Plan: Frequently Asked Questions
What is the difference between Kotak Services Fund and Nippon India Index Fund - BSE Sensex Plan?
Kotak Services Fund is a Thematic fund, Nippon India Index Fund - BSE Sensex Plan is a mutual fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 46.2%. Kotak Services Fund charges 1.25% a year and Nippon India Index Fund - BSE Sensex Plan 0.21%.
Which has the lower expense ratio, Kotak Services Fund or Nippon India Index Fund - BSE Sensex Plan?
Nippon India Index Fund - BSE Sensex Plan charges less: 0.21% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Services Fund and Nippon India Index Fund - BSE Sensex Plan overlap?
46.2%. They hold 13 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Kotak Services Fund and Nippon India Index Fund - BSE Sensex Plan?
Yes. 46.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.