HybridEquity SavingsRegularGrowthModerately High

Kotak Equity Savings Fund

Q: What is the NAV of Kotak Equity Savings Fund?

As of 05 Oct 2026, the NAV of Kotak Equity Savings Fund is ₹27.19 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Equity Savings Fund delivered?

Kotak Equity Savings Fund has returned +1.73% over 1 year, +8.57% per year over 3 years, +8.53% per year over 5 years and +8.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Kotak Equity Savings Fund?

Kotak Equity Savings Fund charges an expense ratio of 2.12% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Kotak Equity Savings Fund?

Kotak Equity Savings Fund's largest holdings are Kotak Liquid Direct Growth (7.4%), BHARTI AIRTEL LTD. (5.2%), Indus Towers Ltd. (3.5%), One 97 Communications Ltd (3.2%) and STATE BANK OF INDIA. (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Equity Savings Fund?

Kotak Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.7% and its worst peak-to-trough fall in our sample was -16.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.36 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Equity Savings Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Equity Savings Fund?

Kotak Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Equity Savings Fund?

Kotak Equity Savings Fund is managed by Devender Singhal, Abhishek Bisen and Hiten Shah at Kotak Mahindra.

Q: How is Kotak Equity Savings Fund taxed?

Kotak Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Kotak Mahindra Mutual Fund · Best Equity Savings Mutual Funds

NAV

₹27.19

+0.33% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Equity Savings Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

NAV history

+1.42%absolute

52-week rangePrev NAV ₹27.10

Latest ₹27.19

Low ₹25.9068th percentile of its 52-week rangeHigh ₹27.79

Scorecard

★★★☆☆3/5 vs 20 of 22 Equity Savings peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Equity Savings (same plan and option). 20 of the 22 Equity Savings funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +8.57% · ranks 4 of 20 Equity Savings funds

RiskHigh

Volatility 5.7% vs 4.5% category avg

CostAverage

2.1% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

3-year return (+8.57%) beats the Equity Savings average (+7.28%)
5-year return (+8.53%) beats the Equity Savings average (+6.38%)
Stronger risk-adjusted returns — Sharpe 0.36 vs 0.13 Equity Savings average
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+1.73%) trails the Equity Savings average (+2.29%)
More volatile than its Equity Savings peers (5.7% vs 4.5%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.12%

Category 2.33%▼0.21%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.08

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.36

Category 0.13▲0.23

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

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: NIL

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY Equity Savings Index (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

17 Oct 2014

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.33%

Absolute return over the last 3 months (not annualized)

-0.67%

Absolute return over the last 6 months (not annualized)

+4.14%

Absolute return since 1 Jan of this year (not annualized)

-0.31%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+1.73%

3-year annualized return (CAGR)

+8.57%

5-year annualized return (CAGR)

+8.53%

10-year annualized return (CAGR)

+8.73%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.71%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.69%

Excess return per unit of total volatility (rf = 6.5%)

0.36

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.49

Largest peak-to-trough decline over full history

-16.54%

Benchmark ratios

Not shown for Equity Savings — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-1.33%	-1.37%	+0.04%
3M abs	-0.67%	-0.59%	-0.08%
6M abs	+4.14%	+3.73%	+0.41%
1Y CAGR	+1.73%	+2.29%	-0.56%
3Y CAGR	+8.57%	+7.28%	+1.29%
5Y CAGR	+8.53%	+6.38%	+2.15%

Category average across peers in Equity Savings (up to 22 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 22 peers in Equity Savings

1Y return

+1.73%

Beats 27.3% · rank #17

3Y return

+8.57%

Beats 84.2% · rank #4

5Y return🏆

+8.53%

Beats 100% · rank #1

Sharpe

0.36

Beats 84.2% · rank #4

Sortino

0.49

Beats 84.2% · rank #4

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.24L

Absolute

+20.65%

XIRR

+7.68%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Equity Savings Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-0.31%
2025	+7.93%
2024	+11.70%
2023	+15.67%
2022	+6.80%
2021	+11.09%
2020	+10.39%
2019	+7.76%
2018	+4.21%
2017	+14.02%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

2,943

Expense ratio

2.12%

AUM

₹9,931Cr

Portfolio turnover

470%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.1

P/B ratio

3.4

Avg market cap

₹3,88,667Cr

P/E & P/B are portfolio-weighted harmonic means across 84 of 94 equity holdings (63% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity Savings

Compare all


Kotak Equity Savings FundThis fund Kotak Mahindra · Regular · Growth	★★★☆☆	+1.73%	+8.57%	+8.53%	—	2.12%	₹9,931Cr
HSBC Equity Savings Fund HSBC · Regular · Growth	★★★★☆	+6.22%	+11.52%	—	—	2.40%	₹964.84Cr
Edelweiss Equity Savings Fund Edelweiss · Regular · Growth	★★★★★	+6.20%	+9.95%	+8.18%	—	2.12%	₹1,344Cr
Mirae Asset Equity Savings Fund Mirae Asset · Regular · Growth	★★★★★	+3.06%	+8.62%	+7.61%	—	1.73%	₹1,936Cr
Baroda BNP Paribas Equity Savings Fund Baroda BNP Paribas · Regular · Growth	★★☆☆☆	+2.46%	+7.80%	+6.80%	—	2.84%	₹276.53Cr
Axis Equity Savings Fund Axis · Regular · Growth	★★★☆☆	+2.41%	+7.60%	+6.11%	—	2.70%	₹867.06Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 97% of the equity sleeve priced.

Large cap63.9%
Mid cap29.5%
Small cap6.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity67.19%
Debt14.12%
Other8.53%
Cash & Equivalents6.90%
Real Estate / REITs3.26%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Multi Asset Allocation Fund Kotak Mahindra · Multi Asset Allocation	52.5% of 70% equity	★★★☆☆	0.64%	+17.13%
Kotak Multi Cap Fund Kotak Mahindra · Multi Cap Fund	48.3%	★★★★☆	0.70%	+15.97%
Kotak Conservative Hybrid Fund Kotak Mahindra · Conservative Hybrid Fund	45.1% of 24% equity	★★★★☆	0.61%	+8.32%
UTI - Equity Savings Fund UTI · Equity Savings	41.5% of 67% equity	★★★★☆	1.04%	+7.86%
Kotak Balanced Advantage Fund Kotak Mahindra · Dynamic Asset Allocation or Balanced Advantage	41.2% of 73% equity	★★★☆☆	0.83%	+8.94%
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life · Arbitrage Fund	41.0% of 71% equity	★★★☆☆	1.24%	+7.42%
JM Arbitrage Fund JM Financial · Arbitrage Fund	40.6% of 81% equity	★★☆☆☆	1.41%	+6.96%
Bank of India Balanced Advantage Fund Bank of India · Dynamic Asset Allocation or Balanced Advantage	40.0% of 58% equity	★☆☆☆☆	1.39%	+8.72%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.03% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

MV Electrosystems LimitedShort-term · Stage I0.03%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-16.5%19 Feb 2020 → 23 Mar 2020
Fell over 33 days, back to the old high on 28 Jul 2020 — 4 months under water after the low.
-6.2%06 Dec 2024 → 28 Feb 2025
Fell over 3 months, back to the old high on 16 May 2025 — 3 months under water after the low.
-5.4%06 Jan 2026 → 30 Mar 2026
Fell over 3 months, back to the old high on 06 Jul 2026 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹9,931Cr

April - June 2026

+2%

since January - March 2026

+₹261.69Cr

est. net flow, last quarter

At or near its largest, ₹9,931Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

DSDevender SinghalManaging since 01 Apr 2021

Role

Equity Fund Manager

Education

PGDM (Finance, Insurance) Mathematics (Hon) Delhi University

Experience

Mr. Devender Singhal is managing the equity funds for Kotak AMC since Aug 2015. He is managing assets across multicap and hybrid strategies. He has more than 23 years of experience in fund management and equity research of which last 17 years has been with Kotak.Prior to joining Kotak Savings Fund AMC, He has been part of various PMS like Kotak, Religare, Karvy and P N Vijay Financial Services.

Funds managed (42)

All schemes Devender Singhal runs →

ABAbhishek BisenManaging since 17 Sep 2014

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm

Funds managed (80)

All schemes Abhishek Bisen runs →

HSHiten ShahManaging since 03 Oct 2019

Role

Equity Fund Manager and Dealer

Education

Master of Management studies from Mumbai University & BCOM

Experience

Mr. Hiten Shah, is a MMS in Finance with over 16 years of work experience. Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a Co-Fund manager and Chief dealer in equities segment. Mr. Hiten Shah was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than

Funds managed (5)

All schemes Hiten Shah runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Devender Singhal Abhishek Bisen Hiten Shah

Top holdings

BHARTI AIRTEL LTD.Indus Towers Ltd.One 97 Communications Ltd STATE BANK OF INDIA.Maruti Suzuki India Limited HDFC BANK LTD.Radico Khaitan Ltd.ICICI BANK LTD.NTPC LTD Hero MotoCorp Ltd.Adani Ports and Special Economic Zone Limited ITC Ltd.

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of Kotak Equity Savings Fund?

As of 05 Oct 2026, the NAV of Kotak Equity Savings Fund is ₹27.19 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Equity Savings Fund delivered?

Kotak Equity Savings Fund has returned +1.73% over 1 year, +8.57% per year over 3 years, +8.53% per year over 5 years and +8.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Equity Savings Fund?

Kotak Equity Savings Fund charges an expense ratio of 2.12% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Equity Savings Fund?

Kotak Equity Savings Fund's largest holdings are Kotak Liquid Direct Growth (7.4%), BHARTI AIRTEL LTD. (5.2%), Indus Towers Ltd. (3.5%), One 97 Communications Ltd (3.2%) and STATE BANK OF INDIA. (3.0%). Holdings are disclosed monthly and change over time.

How risky is Kotak Equity Savings Fund?

Kotak Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.7% and its worst peak-to-trough fall in our sample was -16.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.36 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Equity Savings Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Equity Savings Fund?

Kotak Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages Kotak Equity Savings Fund?

Kotak Equity Savings Fund is managed by Devender Singhal, Abhishek Bisen and Hiten Shah at Kotak Mahindra.

How is Kotak Equity Savings Fund taxed?

Kotak Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.