Kotak Nifty Bank ETF vs UTI Nifty Bank ETF
Kotak Nifty Bank ETF and UTI Nifty Bank ETF are both Nifty Bank Index Funds & ETFs. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.90% vs +9.55%, 5-year CAGR +8.10% vs +7.96%, volatility 16.73% vs 16.71%, maximum drawdown −48.54% vs −20.59%. Their portfolios overlap by 100% (14 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Compared as | Nifty Bank Index Funds & ETFs | Nifty Bank Index Funds & ETFs |
| NAV | ₹58.1006 | ₹57.9038 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 10 Dec 2014 | 3 Sep 2020 |
| Track record | 11.9 yrs | 6.2 yrs |
| Fund size (AUM) | ₹4,125 Cr | — |
| Securities held | 14 | 14 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| 1 month | +2.18% | +2.18% |
| 3 months | −3.16% | −3.17% |
| 6 months | +0.43% | +0.43% |
| 1 year | −1.82% | −2.90% |
| 3 years (CAGR) | +9.90% | +9.55% |
| 5 years (CAGR) | +8.10% | +7.96% |
| 7 years (CAGR) | +9.50% | — |
| 10 years (CAGR) | +11.67% | — |
| Since launch (CAGR) | +10.21% | +16.03% |
| SIP return (XIRR, 5 years) ⓘ | +8.24% | +7.93% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| 2026 (year to date) | −4.68% | −5.72% |
| 2025 | +17.88% | +17.93% |
| 2024 | +6.03% | +6.11% |
| 2023 | +13.05% | +13.19% |
| 2022 | +21.76% | +22.02% |
| 2021 | +13.60% | +15.59% |
Risk
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.73% | 16.71% |
| Downside volatility ⓘ | 12.24% | 12.24% |
| Sharpe ratio ⓘ | 0.20 | 0.18 |
| Sortino ratio ⓘ | 0.28 | 0.25 |
| Maximum drawdown ⓘ | −48.54% | −20.59% |
| Recovery from that fall | 10 months | 3 months |
| Current fall from peak | −7.70% | −8.71% |
| Rolling 1-year return: worst | −45.44% | −6.73% |
| Rolling 1-year return: median | +12.72% | +12.18% |
| Rolling 1-year return: best | +101.46% | +88.38% |
| Share of 1-year periods with a loss | 17.43% | 7.12% |
Against each fund's benchmark
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Beta ⓘ | 0.97 | 0.97 |
| Alpha (Jensen's, annualised) ⓘ | +1.39% | +1.06% |
| R² ⓘ | 73.13 | 73.56 |
| Upside capture | 97.52% | 96.14% |
| Downside capture | 87.23% | 87.18% |
| Tracking error | 8.72% | 8.64% |
| Information ratio | 0.12 | 0.08 |
| Treynor ratio | 3.10 | 2.73 |
Portfolio
Asset mix
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Equity | 99.98% | 100.00% |
| Cash & equivalents | 0.02% | 0.00% |
Market-cap split (share of fund assets)
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Large Cap | 76.05% | 76.07% |
| Mid Cap | 23.93% | 23.93% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Top 10 holdings | 87.47% | 87.49% |
| Effective number of stocks ⓘ | 9.9 | 9.8 |
| Securities held | 14 | 14 |
Portfolio overlap: 100%
14 companies are held by both funds; by weight, 100% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Kotak Nifty Bank ETF | UTI Nifty Bank ETF |
|---|---|---|
| HDFC Bank Limited | 18.61% | 18.61% |
| ICICI Bank Limited | 14.18% | 14.18% |
| Kotak Mahindra Bank Limited | 10.20% | 10.20% |
| Axis Bank Limited | 10.05% | 10.06% |
| State Bank of India | 9.92% | 9.93% |
| The Federal Bank Limited | 6.56% | 6.56% |
| IndusInd Bank Limited | 4.97% | 4.97% |
| AU Small Finance Bank Limited | 4.85% | 4.85% |
| IDFC First Bank Limited | 4.54% | 4.54% |
| Bank of Baroda | 3.59% | 3.59% |
| Canara Bank | 3.37% | 3.37% |
| Punjab National Bank | 3.27% | 3.27% |
| Yes Bank Limited | 3.01% | 3.01% |
| Union Bank of India | 2.86% | 2.86% |
Top 10 holdings
Kotak Nifty Bank ETF
- HDFC Bank Limited18.61%
- ICICI Bank Limited14.18%
- Kotak Mahindra Bank Limited10.20%
- Axis Bank Limited10.05%
- State Bank of India9.92%
- The Federal Bank Limited6.56%
- IndusInd Bank Limited4.97%
- AU Small Finance Bank Limited4.85%
- IDFC First Bank Limited4.54%
- Bank of Baroda3.59%
UTI Nifty Bank ETF
- HDFC Bank Limited18.61%
- ICICI Bank Limited14.18%
- Kotak Mahindra Bank Limited10.20%
- Axis Bank Limited10.06%
- State Bank of India9.93%
- The Federal Bank Limited6.56%
- IndusInd Bank Limited4.97%
- AU Small Finance Bank Limited4.85%
- IDFC First Bank Limited4.54%
- Bank of Baroda3.59%
Sector exposure
| Kotak Nifty Bank ETF | UTI Nifty Bank ETF | |
|---|---|---|
| Banks | 99.98% | 100.00% |
Questions people ask
What is the difference between Kotak Nifty Bank ETF and UTI Nifty Bank ETF returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −1.82% vs −2.90%; 3-year CAGR +9.90% vs +9.55%; 5-year CAGR +8.10% vs +7.96%; 10-year CAGR +11.67% vs —. Past returns do not indicate future returns.
How do Kotak Nifty Bank ETF and UTI Nifty Bank ETF compare on risk?
Volatility (36 monthly returns, annualised) 16.73% vs 16.71%; Sharpe ratio 0.20 vs 0.18; Sortino ratio 0.28 vs 0.25; maximum drawdown −48.54% vs −20.59%; beta 0.97 vs 0.97.
How much do Kotak Nifty Bank ETF and UTI Nifty Bank ETF overlap?
By weight, 100% of the two portfolios is invested in the same companies; 14 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Kotak Nifty Bank ETF and UTI Nifty Bank ETF?
Kotak Nifty Bank ETF: large cap 76.1%, mid cap 23.9%, small cap 0.0%. UTI Nifty Bank ETF: large cap 76.1%, mid cap 23.9%, small cap 0.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Kotak Nifty Bank ETF vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.