Kotak Equity Savings Fund Direct Growth NAV today
AMFI: 131373ISIN: INF174K01D28MUTF_IN: KOTA_EQUI_SAVI_6WXZ81Kotak Mahindra Mutual FundEquity Savings funds
NAV ₹29.9371down ₹0.06 (0.20%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Direct IDCW ₹21.3409 · Regular IDCW ₹19.6847 · Regular Growth ₹26.8857, −0.21%
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹10,423 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.09%27 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 21.130 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Moderately HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 16730 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 13 Oct 2014
Kotak Equity Savings Fund returns
Direct Growth plan
Over each window to 30 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | +0.65% | +0.63% | +0.59% | – | – | – |
| 1 month | −1.35% | −1.44% | +0.93% | 24 of 24 | +0.01% | −0.2% to +0.3% |
| 3 months | −2.08% | −2.34% | −0.04% | 24 of 24 | −0.81% | −1.2% to −0.4% |
| 6 months | −0.15% | −0.68% | +1.93% | 23 of 24 | +1.48% | +0.8% to +2.4% |
| 1 year | +0.58% | −0.47% | +2.83% | 18 of 24 | +1.87% | +0.5% to +3.1% |
| 3 years | +9.44% | +8.25% | +7.64% | 4 of 21 | +8.25% | +7.3% to +9.3% |
| 5 years | +9.13% | +7.97% | +6.93% | 3 of 21 | +7.50% | +6.8% to +8.3% |
| 10 years | +9.64% | +8.62% | +7.34% | 4 of 14 | +8.62% | +7.6% to +9.6% |
₹10,000 put in on 17 Oct 2014 is ₹29,896 at the NAV of 30 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: NIFTY 50 Arbitrage TRI(75.00), NIFTY 50 TRI(25.00), over the same days as the fund. Rank, median and middle half among the Direct plans of Equity Savings funds, each fund's return to its latest NAV on or before 1 Nov 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +3.70% | +1.54% |
| 3 years | +9.76% | +7.06% |
| 5 years | +9.84% | +6.62% |
| 10 years | +9.85% | +8.43% |
| Since launch | +9.72% | +8.30% |
Benchmark: Nifty Equity Savings Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- NIFTY 50 Arbitrage TRI(75.00), NIFTY 50 TRI(25.00)
Highest year to Dec 2023, +16.9%; lowest year to Dec 2018, +4.9%Above the benchmark in 9 of 9 years
Kotak Equity Savings Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 30 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,19,956₹1,19,950 after stamp duty | −0.07% | −0.08% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,89,037₹3,89,018 after stamp duty | +5.11% | +5.11% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,38,450₹7,38,413 after stamp duty | +8.25% | +8.24% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹19,73,636₹19,73,585 after stamp duty | +9.62% | +9.61% | ₹38 | |
| Since Oct 2014144 instalments | ₹14,40,000 | ₹26,30,240₹26,30,189 after stamp duty | +9.58% | +9.58% | ₹38 |
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 17 Oct 2014 to 30 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year2,718 windows−9.6%+10.0%+34.2%98.3%
3 years2,227 windows+2.1%+10.4%+16.7%100.0%
5 years1,737 windows+4.3%+10.3%+15.6%100.0%
10 years503 windows+9.5%+10.2%+10.8%100.0%
Every 3, 5 and 10-year window ended higher than it started.
Kotak Equity Savings Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.05 ptsA year, on 27 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.09%Over the last 30 days filed
- Regular, 30-day average
- 2.13%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.45%, Feb 2019.Direct plan lowest 0.63%, Dec 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.57% | 1.46% |
| Brokerage | 0.06% | 0.06% |
| Transaction costs | 0.02% | 0.02% |
| Statutory levies | 0.43% | 0.59% |
Per cent of assets a year, filed for 27 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
For redemption / switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 90 days from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 90 days from the date of allotment: 1% If units are redeemed or switched out on or after 90 days year from the date of allotment: NILMoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP minimum
- Rs. 100/- and any amount thereafter
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP dates
- Any date from 1st to 31stSWP - Any Date of Every Month
As listed for this plan on 31 Oct 2026.
How Kotak Equity Savings Fund is taxed
Tax depends on the fund's own mix. With 65% or more in shares of listed Indian companies, gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%; with more than 65% in debt and money market instruments, gains on units bought on or after 1 Apr 2023 are taxed at the income tax slab rate however long they are held, and on units bought earlier at 12.5% after 24 months; otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
Kotak Equity Savings Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹10,518 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 39.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2014.
Assets at each month end
Highest ₹10,684 Cr, Aug 2026.Lowest ₹1,345 Cr, Oct 2020.
Kotak Equity Savings Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. Yield to maturity in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|---|
| Kotak Liquid FundMutual Fund | Fund units | 7.59% | 792.66 | 13,77,297 | – | Dec 2020 | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 4.93% | 515.25 | 29,32,545 | – | Nov 2017or earlier |
| HDFC BankBanks | Shares | Large cap2nd | 4.38% | 457.87 | 64,60,650 | – | May 2025 |
| One 97 CommunicationsFinancial Technology (Fintech) | Shares | Mid cap146th | 3.60% | 376.37 | 22,42,967 | – | Nov 2025 |
| Indus TowersTelecom - Services | Shares | Large cap92nd | 3.38% | 353.43 | 94,70,298 | – | Jul 2024or earlier |
| Maruti Suzuki IndiaAutomobiles | Shares | Large cap12th | 2.94% | 307.48 | 2,56,938 | – | Oct 2014or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 2.77% | 289.72 | 30,19,539 | – | Apr 2024 |
| Adani Ports and Special Economic ZoneTransport Infrastructure | Shares | Large cap21st | 2.47% | 258.31 | 14,36,400 | – | Jun 2019 |
| Radico KhaitanBeverages | Shares | Mid cap218th | 2.37% | 247.06 | 5,65,867 | – | Aug 2023 |
| NTPCPower | Shares | Large cap20th | 2.24% | 234.38 | 72,61,900 | – | May 2021 |
| Hero MotoCorpAutomobiles | Shares | Mid cap103rd | 2.23% | 233.22 | 4,45,000 | – | May 2022 |
| ICICI BankBanks | Shares | Large cap5th | 2.19% | 228.62 | 17,29,763 | – | Dec 2024 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 2.02% | 210.45 | 17,72,952 | – | Oct 2014or earlier |
| ITCDiversified FMCG | Shares | Large cap17th | 1.87% | 195.57 | 74,43,369 | – | Oct 2014or earlier |
| CUBE HIGHWAYS TRUSTTransport Infrastructure | REIT or InvIT units | 1.79% | 186.49 | 1,20,23,613 | – | Jul 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Bharti Airtel | −4.96% | −517.66 | −29,30,275 |
| CNX NIFTY-OCT2026 | −2.55% | −266.71 | −1,17,455 |
| Adani Ports and Special Economic Zone | −2.46% | −256.93 | −14,36,400 |
| One 97 Communications | −2.18% | −227.66 | −13,52,125 |
| HDFC Bank | −1.89% | −197.72 | −27,63,150 |
| Reliance Industries | −1.45% | −151.60 | −12,72,000 |
| ICICI Bank | −1.43% | −149.22 | −11,22,800 |
| Indus Towers | −1.30% | −135.64 | −36,24,400 |
| Axis Bank | −1.26% | −131.91 | −10,74,375 |
| State Bank of India | −1.07% | −111.86 | −11,56,500 |
| NTPC | −1.00% | −104.84 | −32,64,000 |
| Larsen & Toubro | −0.94% | −97.86 | −2,60,050 |
| Hindustan Aeronautics | −0.92% | −95.82 | −2,03,700 |
| Bajaj Finance | −0.64% | −66.64 | −6,90,000 |
| Vodafone Idea | −0.59% | −61.32 | −4,72,44,975 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Triparty Repo | 4.33% | 452.60 |
| Net Current Assets/(Liabilities) | 0.64% | 63.82 |
| Margin Deposit | 0.02% | 2.25 |
| Cash Margin | – | 0.01 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 7.59%Kotak Liquid Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 23.88%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 36.67%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out. Top 10 shares in the glossary
- 31.31%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 41.8Taken over 95.01% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares64.07%
- Bonds and bills16.40%
- REIT and InvIT units5.55%
- Units of other funds8.77%
- Cash and receivables4.99%
- Not classified0.22%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds. Futures and options, net in the glossary−31.79%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces. Futures and options, gross in the glossary32.33%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap66.77%Category 78.12%
- Mid cap26.13%Category 13.78%
- Small cap6.04%Category 7.50%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.68% of the fund. Category is the average of 24 Equity Savings funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary16sectors
- Financial Services11.98%Category 10.24%
- Automobile And Auto Components5.16%Category 2.63%
- Fast Moving Consumer Goods5.06%Category 1.84%
- Power2.50%Category 1.16%
- Consumer Services2.45%Category 1.34%
- Telecommunication2.05%Category 1.27%
- Capital Goods1.89%Category 1.86%
- Metals & Mining1.26%Category 0.73%
- Information Technology0.80%Category 1.75%
- Oil Gas & Consumable Fuels0.57%Category 1.94%
- Construction Materials0.50%Category 0.57%
- Media Entertainment & Publication0.28%Category 0.03%
- Construction0.18%Category 0.82%
- Chemicals0.13%Category 0.65%
- Healthcare0.01%Category 3.27%
- Services0.01%Category 0.54%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Equity Savings funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Equity Savings funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services21 companies | 11.98% | 8.46% | 8.95% | 8.78% | 8.28% | 8.96% | 10.20% | 10.63% | 9.81% | 9.75% | 9.76% | 10.39% | |
| Automobile And Auto Components8 companies | 5.16% | 4.80% | 5.01% | 4.88% | 4.36% | 4.51% | 5.09% | 5.70% | 5.78% | 6.31% | 6.13% | 6.45% | |
| Fast Moving Consumer Goods8 companies | 5.06% | 5.02% | 5.33% | 5.23% | 5.05% | 5.27% | 5.18% | 3.92% | 4.19% | 4.36% | 4.41% | 4.65% | |
| Power5 companies | 2.50% | 2.48% | 2.74% | 2.94% | 3.20% | 3.16% | 3.50% | 2.53% | 2.49% | 2.37% | 2.39% | 2.64% | |
| Consumer Services5 companies | 2.45% | 2.58% | 2.42% | 1.94% | 1.96% | 2.06% | 3.40% | 3.75% | 3.94% | 4.49% | 4.67% | 5.02% | |
| Telecommunication3 companies | 2.05% | 4.13% | 4.54% | 4.89% | 5.13% | 4.72% | 5.43% | 5.55% | 5.77% | 5.88% | 5.93% | 3.45% | |
| Capital Goods6 companies | 1.89% | 3.20% | 3.16% | 3.27% | 3.07% | 3.00% | 3.02% | 3.21% | 3.16% | 1.62% | 1.82% | 0.89% | |
| Metals & Mining6 companies | 1.26% | 1.65% | 0.73% | 0.77% | 0.90% | 0.00% | 0.00% | −0.01% | −0.06% | −0.05% | −0.08% | 0.18% | |
| Information Technology3 companies | 0.80% | 1.59% | 1.73% | 1.65% | 1.84% | 1.88% | 2.06% | 2.12% | 2.59% | 2.63% | 2.11% | 2.38% | |
| Oil Gas & Consumable Fuels3 companies | 0.57% | 1.27% | 1.28% | 1.24% | 1.36% | 1.44% | 1.87% | 1.83% | 2.00% | 1.46% | 1.44% | 1.48% | |
| Construction Materials3 companies | 0.50% | 0.50% | 0.58% | 0.57% | 0.71% | 0.68% | 0.69% | 0.75% | 0.79% | 0.77% | 0.78% | 0.89% | |
| Media Entertainment & Publication1 company | 0.28% | 0.21% | 0.24% | 0.25% | 0.24% | 0.30% | 0.29% | 0.32% | 0.28% | 0.30% | 0.29% | 0.30% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturity
- 7.71%Lines stating a yield: 79.11% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio. Yield after expenses in the glossary
- 6.63%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over. Maturity date known in the glossary
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window. Perpetual bonds in the glossary
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared. Credit rating in the glossaryLoans of over a year
- Sovereign1.60%
- AAA8.66%
- AA1.91%
Loans of under a year
- A1+4.23%
Other
- Overnight lending4.33%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off. Maturity profile in the glossary- Up to 1 month4.60%
- 1 to 3 months1.37%
- 3 to 6 months3.52%
- 6 to 12 months1.05%
- 1 to 3 years5.36%
- 3 to 5 years2.63%
- 5 to 10 years1.66%
- Over 10 years0.54%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out. Lending to one borrower in the glossary
- 1.79%Mahindra & Mahindra Financial Services Limited
- Top 5 borrowers
- 5.96%
- Top 10 borrowers
- 10.32%
Per cent of the fund's net assets. Lent outside the government: 14.80% of the fund, to 26 borrowers; the borrower is named for 96.82% of it, its group for 44.19%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 226.65% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 155.61% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same. Matured in the glossary
- 4
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 32
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 34
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 157
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 5.61%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 14.15%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| HDFC Bank | Added | 4.38% | 2.66% | +1.72 pts | +24,46,250 |
| Tata Motors | Sold out | – | 1.30% | −1.30 pts | −29,50,000 |
| Godrej PropertiesCP | New | 0.95% | 0.00% | +0.95 pts | +2,000 |
| Power Finance CorporationPower Finance Corporation Ltd. | New | 0.95% | 0.00% | +0.95 pts | +10,000 |
| Oil India | Sold out | – | 0.68% | −0.68 pts | −15,02,012 |
| Reliance Industries | Added | 2.02% | 1.40% | +0.62 pts | +6,04,500 |
| Hero Motors | New | 0.52% | 0.00% | +0.52 pts | +35,68,167 |
| MphasiS | Trimmed | 0.55% | 1.07% | −0.52 pts | −2,03,559 |
| VedantaVEDANTA LTD. | New | 0.48% | 0.00% | +0.48 pts | +5,000 |
| One 97 Communications | Added | 3.60% | 3.16% | +0.44 pts | +2,78,217 |
| Oracle Financial Services Software | Trimmed | 0.54% | 0.94% | −0.40 pts | −26,900 |
| Swiggy | Added | 0.73% | 0.33% | +0.40 pts | +18,08,575 |
| Steel Authority of India | Trimmed | 0.71% | 1.11% | −0.40 pts | −20,00,000 |
| Ola Electric Mobility | Sold out | – | 0.38% | −0.38 pts | −1,00,00,000 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | Matured | – | 0.28% | −0.28 pts | – |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 42 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Liquid Fund | 4.94% | 5.81%Added | 5.71% | 5.75% | 6.66%Added | 6.96% | 6.62% | 6.60% | 6.57% | 6.48% | 7.38%Added | 7.59% |
 Bharti Airtel | 5.58%Cut | 7.59%Added | 7.42% | 6.96% | 6.73%Added | 6.65% | 6.37%Cut | 6.13% | 6.14% | 5.66%Cut | 5.15%Added | 4.93%Cut |
 HDFC Bank | 1.13%Added | 0.57%Cut | 0.55% | 0.51% | 3.22%Added | 2.83%Added | 2.98%Added | 2.88%Added | 3.13%Added | 2.89% | 2.66% | 4.38%Added |
 One 97 Communications | – | 2.77%Bought | 2.66% | 2.33% | 2.20% | 2.00% | 2.16% | 2.18% | 2.20% | 2.55% | 3.16%Cut | 3.60%Added |
 Indus Towers | 3.64% | 3.84% | 3.92% | 4.17% | 4.17% | 3.99% | 3.61%Cut | 4.08%Added | 3.32%Cut | 3.56%Added | 3.45%Cut | 3.38% |
 Maruti Suzuki India | 3.73%Added | 3.51% | 3.60% | 3.15% | 3.13% | 2.70% | 2.81%Added | 2.75% | 2.93% | 2.90% | 2.73%Added | 2.94%Added |
 State Bank of India | 6.84% | 6.65%Cut | 6.51% | 7.16% | 3.06%Cut | 2.60% | 3.10%Added | 2.77% | 2.93%Added | 2.88% | 2.99%Added | 2.77%Added |
 Adani Ports and Special Economic Zone | 2.43% | 2.43% | 2.30% | 2.23% | 2.33% | 2.09% | 2.49% | 2.69% | 2.69%Added | 2.47% | 2.25%Cut | 2.47%Cut |
 Radico Khaitan | 2.08% | 2.04% | 2.05% | 1.76% | 1.61% | 1.67% | 2.05% | 2.09% | 2.31%Cut | 2.39%Cut | 2.38%Cut | 2.37% |
 NTPC | 2.31% | 2.13%Cut | 2.10% | 2.27% | 2.38% | 2.99%Added | 2.96%Cut | 2.85% | 2.62%Added | 2.51% | 2.27%Cut | 2.24%Cut |
 Hero MotoCorp | 3.20% | 3.08%Cut | 2.81% | 2.70% | 2.72% | 2.51% | 2.26%Cut | 2.16% | 2.09% | 2.30% | 2.27% | 2.23% |
 ICICI Bank | 1.09%Cut | 1.07% | 1.01% | 1.03% | 1.02% | 1.18%Added | 2.17%Added | 2.14% | 2.31% | 2.37% | 2.30%Cut | 2.19%Added |
 Reliance Industries | 2.03%Cut | 1.91%Cut | 1.87% | 1.67% | 1.62% | 1.63% | 1.64% | 1.50% | 1.45%Added | 1.44% | 1.40%Added | 2.02%Added |
 ITC | 2.57%Added | 2.37% | 2.31% | 2.43%Added | 2.31% | 2.21% | 2.29%Added | 2.07% | 2.05%Added | 1.97% | 1.76%Added | 1.87%Added |
| CUBE HIGHWAYS TRUST | – | – | – | – | – | – | – | – | – | 1.81%Bought | 1.77% | 1.79% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 478.5% in Feb 2026
Risk ratios
NAV to 30 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Equity Savings funds (3 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary6.33%
2.70%Lowest5.08%Average of 21 funds8.26%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary3.63%
1.26%Lowest2.83%Average of 21 funds5.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.58
0.07Lowest0.42Average of 21 funds1.11Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.83
0.10Lowest0.62Average of 21 funds1.77Highest
Against NIFTY 50 Arbitrage TRI(75.00), NIFTY 50 TRI(25.00)
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary1.63
0.76Lowest1.31Average1.63Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+1.77 pts
−0.65 ptsLowest+1.69 ptsAverage+3.95 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary84.4
50.8Lowest75.5Average91.5Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.92
0.71Lowest0.86Average0.96Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary151.8%
80.8%Lowest128.2%Average151.8%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary206.7%
65.8%Lowest130.0%Average206.7%Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year | −5.18% | 6 Jan 2026 | 30 Mar 2026 | 1 Jul 2026 |
| 3 and 5 years | −5.97% | 6 Dec 2024 | 28 Feb 2025 | 15 May 2025 |
| 10 years and since Oct 2014 | −16.48% | 19 Feb 2020 | 23 Mar 2020 | 21 Jul 2020 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Sep 2022 to Aug 202648 months | Moderately High | ModerateNifty Equity Savings Index |
| Apr 2022 to Aug 20225 months | Moderate | ModerateNifty Equity Savings TRI |
| Nov 2021 to Mar 20225 months | Moderately High | ModerateNifty Equity Savings TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Kotak Equity Savings Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Devender SinghalPrimary | Apr 2021 | +9.88%a year | +7.33% | +2.55 pts | 26.8% | 12.4% | 9 | ₹32,376 Cr |
| Abhishek BisenPrimary | Sep 2014 | – | – | – | – | – | 85 | ₹1,87,877 Cr₹29,349 Cr alone |
| Hiten ShahPrimary | Oct 2019 | +10.32%a year | +7.50% | +2.82 pts | 17.1% | 26.2% | 4 | ₹1,17,313 Cr₹75,091 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Kotak Multi Asset Allocation FundDevender Singhal | Sep 2023 | +14.81%a year | – | – | ₹15,191 Cr |
| Kotak Multi Cap FundAbhishek Bisen | Sep 2021 | +14.73%a year | +9.98% | +4.75 pts | ₹30,274 Cr |
| Kotak Balanced Advantage FundAbhishek Bisen | Aug 2018 | +10.18%a year | – | – | ₹16,608 Cr |
| Kotak Multi Asset Allocation FundAbhishek Bisen | Sep 2023 | +14.81%a year | – | – | ₹15,191 Cr |
| Kotak Gold ETFAbhishek Bisen | Apr 2008 | – | – | – | ₹14,402 Cr |
| Kotak Short Term FundAbhishek Bisen | Nov 2022 | +7.18%a year | – | – | ₹14,259 Cr |
| Kotak Aggressive Hybrid FundAbhishek Bisen | Apr 2008 | – | – | – | ₹9,061 Cr |
| Kotak Arbitrage FundHiten Shah | Oct 2019 | +6.35%a year | +5.74% | +0.61 pts | ₹75,091 Cr |
| Kotak Balanced Advantage FundHiten Shah | Oct 2019 | +10.66%a year | – | – | ₹16,608 Cr |
| Kotak Multi Asset Allocation FundHiten Shah | Sep 2023 | +14.81%a year | – | – | ₹15,191 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| UTI Equity Savings FundUTI Mutual Fund | 32.29% | 32 |
| ICICI Prudential Equity Savings FundICICI Prudential Mutual Fund | 29.82% | 53 |
| DSP Equity Savings FundDSP Mutual Fund | 28.83% | 34 |
| HDFC Equity Savings FundHDFC Mutual Fund | 28.03% | 38 |
| Nippon India Equity Savings FundNippon India Mutual Fund | 27.00% | 28 |
| Edelweiss Equity Savings FundEdelweiss Mutual Fund | 26.77% | 56 |
| Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Mutual Fund | 26.59% | 51 |
| Baroda BNP Paribas Equity Savings FundBaroda BNP Paribas Mutual Fund | 26.49% | 31 |
| Union Equity Savings FundUnion Mutual Fund | 26.20% | 31 |
| Sundaram Equity Savings FundSundaram Mutual Fund | 26.11% | 26 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund | 39.23% |
| Kotak Balanced Advantage FundKotak Mahindra Mutual Fund | 31.81% |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 28.99% |
| Kotak Conservative Hybrid FundKotak Mahindra Mutual Fund | 18.77% |
| Kotak Aggressive Hybrid FundKotak Mahindra Mutual Fund | 18.70% |
As the fund house states it, for Sep 2026.
Kotak Equity Savings Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV. Paid by the fund's Direct IDCW plan.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. IDCW payout in the glossary
Largest ₹0.239 a unit, Jun 2020.
Every payout
| IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. IDCW yield in the glossary | NAV before | NAV after | ||
|---|---|---|---|---|
| 12 Oct 2026 | ₹0.076 | 0.35% | ₹21.5944 | ₹21.5474 |
| 15 Sep 2026 | ₹0.0769 | 0.35% | ₹21.7865 | ₹21.7417 |
| 12 Apr 2023 | ₹0.0769 | 0.50% | ₹15.2722 | ₹15.1905 |
| 13 Mar 2023 | ₹0.0547 | 0.36% | ₹15.1727 | ₹15.0846 |
| 14 Dec 2020 | ₹0.0456 | 0.37% | ₹12.3991 | ₹12.3405 |
| 12 Nov 2020 | ₹0.043 | 0.35% | ₹12.1556 | ₹12.1220 |
| 12 Oct 2020 | ₹0.0439 | 0.37% | ₹11.9372 | ₹11.9031 |
| 14 Sep 2020 | ₹0.0457 | 0.39% | ₹11.7801 | ₹11.7688 |
| 12 Aug 2020 | ₹0.0469 | 0.40% | ₹11.6982 | ₹11.6819 |
| 13 Jul 2020 | ₹0.0478 | 0.42% | ₹11.5132 | ₹11.4149 |
| 12 Jun 2020 | ₹0.239 | 2.09% | ₹11.4099 | ₹11.1159 |
| 12 Feb 2020 | ₹0.0429 | 0.36% | ₹11.9382 | ₹11.8966 |
All 68 payouts since 12 Jan 2015.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 DecBenchmarkBenchmark: NIFTY 50 Arbitrage TRI(75.00), NIFTY 50 TRI(25.00) to Nifty Equity Savings TRI
Fund details
Objective
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Asset allocation
- Equity & Equity Related instruments including derivatives- 65%-90%
- Of which Cash-futures arbitrage - 25%-75% of which Net long equity exposure- 15%-40%
- Debt & Money market Instruments (including margin for derivatives) - 10%-35%
- Units of Mutual Fund including Gold /Silver ETF - 0%-25%
- Exchange Traded Commodity Derivatives (ETCDs) -0%- 10%
- Units issued by InvITs- 0-10%
- In defensive circumstances Equity & Equity Related instruments including derivatives- 30%-65%
- Of which Cash-futures arbitrage - 15%-20% of which Net long equity exposure- 10%-50%
- Debt & Money market Instruments (including margin for derivatives) - 35%-70%
- Units of Mutual Fund including Gold /Silver ETF - 0%-35%
- Exchange Traded Commodity Derivatives (ETCDs) -0%- 10%
- Units issued by InvITs- 0-10%
Type of scheme
An open ended scheme investing in equity, arbitrage and debt
- Benchmark
- NIFTY Equity Savings Index (TRI)
- Risk level at launch
- Moderately High
- New fund offer
- 17 Sep 2014 to 1 Oct 2014
- Units first allotted
- 13 Oct 2014
- Open for sale again
- 17 Oct 2014
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 131373 | INF174K01D28 | KOTA_EQUI_SAVI_6WXZ81 | 17 Oct 2014 | |
| Regular Growth | 131372 | INF174K01C78 | KOTA_EQUI_SAVI_GJPCTJ | 17 Oct 2014 | |
| Direct IDCW | 131375 | INF174K01D36 | INF174K01D51 | KOTA_EQUI_SAVI_28ST30 | 17 Oct 2014 |
| Regular IDCW | 131374 | INF174K01C86 | INF174K01D02 | KOTA_EQUI_SAVI_121X1H2 | 17 Oct 2014 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet for September 2026Kotak Mahindra Mutual Fund, Sep 2026
Statement of additional information
- SAI Kotak Mahindra Mutual FundKotak Mahindra Mutual Fund, Nov 2026
Annual report
- Annual Report FY 2025-26Kotak Mahindra Mutual Fund, Mar 2026
- Abridged Annual Report for FY 2025-26Kotak Mahindra Mutual Fund, Mar 2026
- KMTC Annual Report for FY 2025-26Kotak Mahindra Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Disclosure as on March 2026Kotak Mahindra Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026Kotak Mahindra Mutual Fund, Sep 2026