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ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth vs Kotak Nifty Commodities Index Fund-Direct Growth
ICICI Prudential Nifty Auto Index Fund and Kotak Nifty Commodities Index Fund-Direct Growth are both in the Index Funds category, from ICICI Prudential Asset Management Company Limited and Kotak Mahindra Asset Management Company Limited. respectively. Kotak Nifty Commodities Index Fund-Direct Growth has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Nifty Commodities Index Fund-Direct Growth has the lower direct-plan expense ratio, by 0.07 percentage points.
| ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth | Kotak Nifty Commodities Index Fund-Direct Growth | |
|---|---|---|
| Category | Index Funds | Index Funds |
| AMC | ICICI Prudential Asset Management Company Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty Auto TRI | Nifty Commodities TRI |
| NAV | ₹20.7892 (2026-10-28) | ₹11.162 (2026-10-28) |
| AUM | ₹226.288 Cr | ₹275.951 Cr |
| Expense Ratio (Direct) | 0.35% | 0.2817% |
| Inception | 2022-09-22 | 2025-02-17 |
Returns
Risk Metrics
This fund tracks an index, so measuring alpha against that same index would only report its tracking error.
Portfolio Analytics
ICICI Prudential Nifty Auto Index Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth | Kotak Nifty Commodities Index Fund-Direct Growth | |
|---|---|---|
| P/E Ratio | 30.0233 | 15.4732 |
| P/B Ratio | - | - |
| Dividend Yield | 1.1347% | 2.1416% |
| Active Share | 0.04% | 0.01% |
| Portfolio Turnover | - | 2032.9999999999998% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Kotak Nifty Commodities Index Fund-Direct Growth has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, ICICI Prudential Nifty Auto Index Fund or Kotak Nifty Commodities Index Fund-Direct Growth?
Kotak Nifty Commodities Index Fund-Direct Growth's direct-plan expense ratio is 0.07 percentage points lower than ICICI Prudential Nifty Auto Index Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't ICICI Prudential Nifty Auto Index Fund and Kotak Nifty Commodities Index Fund-Direct Growth show risk metrics like Sharpe ratio or alpha?
This fund tracks an index, so measuring alpha against that same index would only report its tracking error. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, ICICI Prudential Nifty Auto Index Fund or Kotak Nifty Commodities Index Fund-Direct Growth?
Kotak Nifty Commodities Index Fund-Direct Growth has ₹276 Cr in assets under management, versus ₹226 Cr for ICICI Prudential Nifty Auto Index Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ICICI Prudential Nifty Auto Index Fund or Kotak Nifty Commodities Index Fund-Direct Growth?
ICICI Prudential Nifty Auto Index Fund launched on 2022-09-22, making it older than Kotak Nifty Commodities Index Fund-Direct Growth (launched 2025-02-17). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.