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Kotak Mahindra Mutual Fund in 2026: by the numbers

Kotak Mahindra MF managed ₹6,14,116 crore in July–September 2026, 5th of 55, up 10.5% in a year. 232 Direct Growth schemes, ranked on 3-year returns.

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A large house, growing slower than the industry

Kotak Mahindra managed an average of ₹6,14,116 crore in July–September 2026, excluding domestic fund-of-funds: 7.04% of the industry's ₹87,21,848 crore and 5th of 55 houses on AMFI's quarterly figures. Its fund house page carries the same number.

Quarter Average AUM (₹ crore) Rank Share of industry
July–September 2026 6,14,116 5 of 55 7.04%
April–June 2026 5,90,460 5 of 51 7.10%
July–September 2025 5,55,952 5 of 48 7.21%
July–September 2024 4,70,178 5 of 44 7.10%
July–September 2023 3,33,687 5 of 41 7.10%

Assets grew 10.5% in a year, against 13.1% for the industry, and 4.0% in the last quarter. It is losing share. A year ago it ranked 5th.

The shelf: 232 schemes

Kotak Mahindra has 232 schemes in Direct Growth: 147 debt, 36 index, 27 equity, 16 fund-of-funds, 6 hybrid. By average assets in July–September 2026:

Scheme Average AUM (₹ crore)
Kotak Arbitrage Fund 74,848
Kotak Mid Cap Fund 69,235
Kotak Flexi Cap Fund 55,674
Kotak Liquid Fund 49,988
Kotak Large & Mid Cap Fund 31,891
Kotak Multi Cap Fund 29,878

The three largest account for 34% of the assets we could match to a scheme.

How the equity and hybrid funds rank

Each fund is ranked against every Direct Growth fund in its AMFI category on three-year return, to 23 October 2026. Categories with fewer than eight funds with a three-year record are not ranked.

Fund Category 1 year 3 years 3-year rank in category
Kotak Pioneer Fund Sectoral/ Thematic 2.93% 18.31% 22nd of 142
Kotak Manufacture in India Fund Sectoral/ Thematic 7.02% 17.83% 27th of 142
Kotak Multi Asset Allocation Fund Multi Asset Allocation 3.21% 15.57% 5th of 15
Kotak Business Cycle Fund Sectoral/ Thematic −0.49% 14.59% 50th of 142
Kotak Multi Cap Fund Multi Cap −4.07% 14.35% 9th of 23
Kotak Infrastructure and Economic Reform Fund Sectoral/ Thematic 0.00% 13.84% 56th of 142
Kotak Mid Cap Fund Mid Cap −4.74% 13.77% 18th of 29
Kotak Contra Fund Contra −7.25% 12.93% –
Kotak Focused Fund Focused −4.28% 12.79% 8th of 27
Kotak Large & Mid Cap Fund Large & Mid Cap −6.01% 11.33% 15th of 26
Kotak Banking and Financial Services Fund Sectoral/ Thematic −3.88% 11.29% 81st of 142
Kotak Aggressive Hybrid Fund Aggressive Hybrid −3.55% 11.13% 8th of 28
Kotak Quant Fund Sectoral/ Thematic −10.86% 10.18% 91st of 142
Kotak Flexi Cap Fund Flexi Cap −8.18% 10.00% 21st of 36

Of the 21 funds ranked, 4 sit in the top quarter of their category over three years and 1 in the bottom quarter. The best placed is Kotak Arbitrage Fund (2nd of 27 in Arbitrage, 7.40% a year); the lowest placed is Kotak ESG Exclusionary Strategy Fund (111th of 142 in Sectoral/ Thematic, 7.62% a year).

What they cost

Fund Direct expense ratio Category median Difference
Kotak Pioneer Fund 0.6251% 1.15% −0.52
Kotak Manufacture in India Fund 0.7554% 1.15% −0.39
Kotak Multi Asset Allocation Fund 0.6297% 0.85% −0.22
Kotak Business Cycle Fund 0.7526% 1.15% −0.40
Kotak Multi Cap Fund 0.6881% 0.96% −0.27
Kotak Infrastructure and Economic Reform Fund 0.8483% 1.15% −0.30
Kotak Mid Cap Fund 0.5459% 0.95% −0.40
Kotak Contra Fund 0.796% 0.87% −0.07
Kotak Focused Fund 0.7322% 1.09% −0.36
Kotak Large & Mid Cap Fund 0.6575% 1.08% −0.42

3 of the 30 equity and hybrid funds with a published expense ratio (the table shows the first ten) charge more than their category's median in the Direct plan. Expense ratios come from the fund house's own disclosures and are already inside the returns.

Reading this

  • A fund house's size is not a quality mark. What matters to an investor is the fund they hold, against its own category.
  • Three-year ranks are a snapshot and move. A top-quarter rank today does not mean one next year.
  • Young funds lack a three-year record and are left out of the ranking, so the picture is of the older part of the shelf.
  • Returns are historical, computed from NAVs, and not a forecast. This is not a recommendation to buy or sell any fund.

For other houses, see the largest fund houses by AUM and the rank-change table.

Source: AMFI average AUM for July–September 2026; AMFI NAVs to 23 October 2026; fund houses' TER disclosures.

Frequently asked questions

How big is Kotak Mahindra Mutual Fund?

Kotak Mahindra managed an average of ₹6,14,116 crore in July–September 2026, excluding domestic fund-of-funds. That is 7.04% of the industry and 5th among 55 fund houses on AMFI's figures. Assets grew 10.5% in a year, against 13.1% for the industry.

Which Kotak Mahindra fund has the best 3-year record?

On Direct Growth returns to 23 October 2026, Kotak Arbitrage Fund (2nd of 27 in Arbitrage, 7.40% a year).

Are Kotak Mahindra's equity funds cheap?

3 of the 30 equity and hybrid funds with a published Direct expense ratio and a category of at least five funds charge more than their category's median.

This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.

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