Kotak Services Fund vs Tata BSE Sensex Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Services Fund is a Thematic fund and Tata BSE Sensex Index Fund is an Index fund. Kotak Services Fund charges 1.25% a year and Tata BSE Sensex Index Fund 0.33% (Direct plans). Their portfolios overlap 46.2%: they hold 13 of the same securities.
Which is better, Kotak Services or Tata BSE Sensex Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata BSE Sensex Index costs less: 0.33% a year against 1.25% (Direct plans).
- Kotak Services fell less in its worst fall since 02-03-2026: −7.1% against −10.3%.
- Tata BSE Sensex Index holds more in large companies: 100.0% of the fund in large caps against 70.5%.
- Kotak Services is the larger fund: ₹711 Cr against ₹364 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 | Tata BSE Sensex Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹711 Cr (30-09-2026) | ₹364 Cr (30-09-2026) |
| NAV | ₹10.19 (Direct) | ₹199.52 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.33% |
| Expense ratio (Regular) | 2.61% | 0.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Services Sector TRI | BSE SENSEX TRI |
| Launch date | 25-02-2026 | 25-02-2003 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rohit Tandon, Abhishek Bisen | Nitin Sharma, Rakesh Prajapati |
| Exit load | Exit load of 0.5%, if redeemed within 90 days. | Exit load of 0.25% if redeemed within 7 days |
Kotak Services vs Tata BSE Sensex 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 Services Fund (Direct) | +1.21% | −2.92% | +0.36% | -- | -- | -- | -- |
| Tata BSE Sensex Index Fund (Direct) | +2.74% | −4.35% | −2.56% | −11.22% | +5.93% | +5.54% | +11.16% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Services vs Tata BSE Sensex Index: Year-wise Returns
| Year | Kotak ServicesKotak Services | Tata BSE Sensex IndexTata BSE Sensex Index |
|---|---|---|
| 2026to date | -- | −12.13% |
| 2025 | -- | +10.07% |
| 2024 | -- | +9.06% |
| 2023 | -- | +19.87% |
| 2022 | -- | +5.50% |
| 2021 | -- | +22.05% |
Kotak Services vs Tata BSE Sensex Index: Rolling Returns
Every holding period of both funds, against Nifty Services Sector TRI, the benchmark of Kotak Services Fund
Kotak Services vs Tata BSE Sensex Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Services Fund (Direct) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.63% | +10.86% |
| Standard deviation | 12.62% | 15.68% |
| Sharpe ratio | -0.21 | 0.31 |
| Sortino ratio | -0.29 | 0.42 |
| Maximum drawdown | −7.1% (13-05-2026) | −37.0% (23-03-2020) |
| Beta | 0.69 | 0.99 |
| Alpha | +3.65% | −0.57% |
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)
Tata BSE Sensex Index Fund (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% |
| Tata BSE Sensex Index Fund (Direct) | −10.3% | 02-03-2026 | 31-03-2026 | Not yet | -- | −6.6% |
| 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 Tata BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Services Fund, September 2026; Tata BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 46.2%
- Held by both
- 13
- Only in Kotak Services
- 36
- Only in Tata BSE Sensex Index
- 17
| Security | % of Kotak Services | % of Tata BSE Sensex Index |
|---|---|---|
| ICICI BANK LTD. | 10.84% | 11.04% |
| 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% | 4.09% |
| 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 Tata BSE Sensex Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD | 9.16% |
| LARSEN & TOUBRO LTD | 5.11% |
| KOTAK MAHINDRA BANK LTD | 3.57% |
| MAHINDRA & MAHINDRA LTD | 3.07% |
| ITC LTD | 2.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Services | Tata BSE Sensex Index |
|---|---|---|
| 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 | Tata BSE Sensex Index |
|---|---|---|
| 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 | Tata BSE Sensex Index |
|---|---|---|
| Banks | 36.5% | 35.9% |
| Finance | 12.0% | 4.1% |
| IT - Software | 7.2% | 9.2% |
| Petroleum Products | 0.0% | 9.2% |
| Power | 7.1% | 3.2% |
| Telecom - Services | 7.0% | 6.4% |
| Consumer Durables | 5.5% | 3.5% |
| 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 Tata BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Services Fund | Tata BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.33% |
| Base expense ratio (Direct) | 0.90% | 0.27% |
| Total expense ratio (Regular) | 2.61% | 0.58% |
| Base expense ratio (Regular) | 2.04% | 0.51% |
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 Tata BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between Kotak Services Fund and Tata BSE Sensex Index Fund?
Kotak Services Fund is a Thematic fund, Tata BSE Sensex Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 46.2%. Kotak Services Fund charges 1.25% a year and Tata BSE Sensex Index Fund 0.33%.
Which has the lower expense ratio, Kotak Services Fund or Tata BSE Sensex Index Fund?
Tata BSE Sensex Index Fund charges less: 0.33% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Services Fund and Tata BSE Sensex Index Fund 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.
Which is riskier, Kotak Services Fund or Tata BSE Sensex Index Fund?
On SEBI's riskometer, Kotak Services Fund is rated Very High and Tata BSE Sensex Index Fund Very High. Over their common history, the standard deviation of daily returns was 12.62% and 15.68% a year.
Can I invest in both Kotak Services Fund and Tata BSE Sensex Index Fund?
Yes. 46.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Services Fund and Tata BSE Sensex Index Fund?
Kotak Services Fund: Rohit Tandon, Abhishek Bisen. Tata BSE Sensex Index Fund: Nitin Sharma, Rakesh Prajapati.
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.