EquityFocused FundRegularGrowthVery High

Kotak Focused Fund

Q: What is the NAV of Kotak Focused Fund?

As of 01 Oct 2026, the NAV of Kotak Focused Fund is ₹25.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Focused Fund delivered?

Kotak Focused Fund has returned +0.29% over 1 year, +11.68% per year over 3 years, +9.57% per year over 5 years and +13.98% 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 Focused Fund?

Kotak Focused Fund charges an expense ratio of 2.06% 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 Focused Fund?

Kotak Focused Fund's largest holdings are ICICI BANK LTD. (7.1%), ETERNAL LIMITED (5.2%), STATE BANK OF INDIA. (5.1%), HDFC BANK LTD. (5.0%) and SHRIRAM FINANCE LIMITED (4.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Focused Fund?

Kotak Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.3% and its worst peak-to-trough fall in our sample was -36.5%. 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 Focused Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Focused Fund?

Kotak Focused Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Focused Fund?

Kotak Focused Fund is managed by Shibani Sircar Kurian at Kotak Mahindra.

Q: How is Kotak Focused Fund taxed?

Kotak Focused 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 Focused Mutual Funds

NAV

₹25.68

-1.15% 1D

as of 01 Oct 2026

This is the Regular plan of Kotak Focused 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.

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Performance

+1.20%CAGR

52-week rangePrev NAV ₹25.98

Latest ₹25.68

Low ₹23.7644th percentile of its 52-week rangeHigh ₹28.09

Scorecard

★★★★☆4/5 vs 27 Focused Fund 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 Focused Fund (same plan and option).

PerformanceStrong

3Y CAGR +11.68% · ranks 9 of 27 Focused Funds

RiskModerate

Volatility 14.3% vs 14.6% category avg

CostLow

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

1-year return (+0.29%) beats the Focused Fund average (-0.48%)
3-year return (+11.68%) beats the Focused Fund average (+9.97%)
Stronger risk-adjusted returns — Sharpe 0.36 vs 0.24 Focused Fund average
Low expense ratio (2.06%) vs the Focused Fund average of 2.31%
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Focused Fund average on 1M/3M/6M

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.06%

Category 2.31%▼0.25%

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

27.79

Category —

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

0.36

Category 0.24▲0.12

Scheme Info

Definitions

Plan

Regular · Growth

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

None

i. For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. ii. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% iii. If units are redeemed or switched out on or after 1 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 500 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.

23 Jul 2019

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.81%

Absolute return over the last 3 months (not annualized)

-5.30%

Absolute return over the last 6 months (not annualized)

+5.97%

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

-5.02%

Annualized returns (≥1Y — CAGR)

Definitions

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

+0.29%

3-year annualized return (CAGR)

+11.68%

5-year annualized return (CAGR)

+9.57%

10-year annualized return (CAGR)

—

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.

+13.98%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.28%

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%)

0.50

Largest peak-to-trough decline over full history

-36.51%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

2.37%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.94

How much of the fund's movement Nifty 500 TRI explains

96.2%

Excess return per unit of beta (market risk)

5.98

Active return over the benchmark per unit of tracking error

0.79

Annualized std dev of fund-minus-benchmark returns

3.10%

Fund's share of benchmark gains in up months (100 = matches index)

103.2%

Fund's share of benchmark losses in down months (lower is better)

91.5%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Focused Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.81%	-5.49%	-1.32%
3M abs	-5.30%	-2.98%	-2.32%
6M abs	+5.97%	+9.46%	-3.49%
1Y CAGR	+0.29%	-0.48%	+0.77%
3Y CAGR	+11.68%	+9.97%	+1.71%
5Y CAGR	+9.57%	+9.26%	+0.31%

Category average across peers in Focused Fund (up to 27 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 27 peers in Focused Fund

1Y return

+0.29%

Beats 59.3% · rank #12

3Y return

+11.68%

Beats 69.2% · rank #9

5Y return

+9.57%

Beats 57.1% · rank #10

Sharpe

0.36

Beats 73.1% · rank #8

Sortino

0.50

Beats 73.1% · rank #8

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

₹7.56L

Absolute

+26.01%

XIRR

+9.47%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Focused 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	Nifty 500 TRI	Diff
2026part	-5.02%	-7.18%	+2.16%
2025	+13.12%	+7.94%	+5.18%
2024	+16.36%	+16.43%	-0.07%
2023	+22.68%	+27.43%	-4.75%
2022	+1.61%	+4.34%	-2.73%
2021	+34.23%	+31.59%	+2.64%
2020	+12.79%	+18.33%	-5.54%
2019part	+8.65%	—	—

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; those years show no benchmark comparison.

History points

1,773

Expense ratio

2.06%

AUM

₹4,062Cr

Portfolio turnover

30%

Exit load

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

P/E ratio

27.8

P/B ratio

6.0

Avg market cap

₹3,99,328Cr

P/E & P/B are portfolio-weighted harmonic means across 27 of 29 equity holdings (89% 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 · Focused Fund

Compare all


Kotak Focused FundThis fund Kotak Mahindra · Regular · Growth	★★★★☆	+0.29%	+11.68%	+9.57%	—	2.06%	₹4,062Cr
Invesco India Focused Fund Invesco · Regular · Growth	★★★★☆	+1.84%	+18.11%	+12.93%	—	1.94%	₹5,225Cr
ICICI Prudential Focused Fund ICICI Prudential · Regular · Growth	★★★★☆	-3.11%	+14.19%	+12.77%	—	2.13%	—
ITI Focused Fund ITI · Regular · Growth	★★★★☆	+3.13%	+14.08%	—	—	2.59%	₹567.11Cr
Bandhan Focused Fund Bandhan · Regular · Growth	★★★☆☆	+1.32%	+13.59%	+10.66%	—	2.27%	₹2,036Cr
SBI Focused Fund SBI · Regular · Growth	★★★★★	+7.66%	+13.43%	+9.94%	—	1.60%	₹44,948Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap64.2%
Mid cap28.9%
Small cap6.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity95.41%
Cash & Equivalents4.59%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Contra Fund Kotak Mahindra · Contra Fund	49.3%	★★★★☆	0.80%	+13.53%
Kotak Conservative Hybrid Fund Kotak Mahindra · Conservative Hybrid Fund	45.5% of 24% equity	★★★★☆	0.61%	+8.14%
Kotak Flexi Cap Fund Kotak Mahindra · Flexi Cap Fund	45.5%	★★★☆☆	0.66%	+10.08%
Kotak ELSS Tax Saver Fund Kotak Mahindra · ELSS	44.6%	★★★☆☆	0.83%	+9.96%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	42.9%	★★★☆☆	0.69%	+10.26%
Canara Robeco Focused Fund Canara Robeco · Focused Fund	42.8%	★★★★☆	0.81%	+11.20%
HSBC Large Cap Fund HSBC · Large Cap Fund	42.5%	★★☆☆☆	1.41%	+9.04%
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	42.4%	★★★★☆	0.76%	+8.81%

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.

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.

-36.5%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 17 Nov 2020 — 8 months under water after the low.
-18.9%17 Jan 2022 → 20 Jun 2022
Fell over 5 months, back to the old high on 30 Jun 2023 — 12 months under water after the low.
-18.4%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 13 Oct 2025 — 7 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

₹4,062Cr

April - June 2026

+3%

since January - March 2026

+₹342.18Cr

est. net flow, last quarter

At or near its largest, ₹4,062Cr 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

SKShibani Sircar KurianStart date not disclosed

Role

Sr, EVP, Senior Fun d Manager & Head – Equity Research

Education

PGDM (Specialization in Finance), BSc (Hons)- Economics

Experience

Ms. Shibani Kurian has been associated with the company since November 2007 and her key responsibilities include equity fund management and Head- Equity Research and ESG coordinator for the firm. Prior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.

Funds managed (6)

All schemes Shibani Sircar Kurian runs →

Fund manager, benchmark and dealing terms from 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

Shibani Sircar Kurian

Top holdings

ICICI BANK LTD.ETERNAL LIMITED STATE BANK OF INDIA.HDFC BANK LTD.SHRIRAM FINANCE LIMITED BHARTI AIRTEL LTD.KEI Industries Ltd.Divis Laboratories Ltd.RELIANCE INDUSTRIES LTD.Fortis Healthcare India Ltd Bharat Electronics Ltd.Radico Khaitan 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.

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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 Focused funds

Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.

Frequently asked questions

What is the NAV of Kotak Focused Fund?

As of 01 Oct 2026, the NAV of Kotak Focused Fund is ₹25.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Focused Fund delivered?

Kotak Focused Fund has returned +0.29% over 1 year, +11.68% per year over 3 years, +9.57% per year over 5 years and +13.98% 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 Focused Fund?

Kotak Focused Fund charges an expense ratio of 2.06% 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 Focused Fund?

Kotak Focused Fund's largest holdings are ICICI BANK LTD. (7.1%), ETERNAL LIMITED (5.2%), STATE BANK OF INDIA. (5.1%), HDFC BANK LTD. (5.0%) and SHRIRAM FINANCE LIMITED (4.9%). Holdings are disclosed monthly and change over time.

How risky is Kotak Focused Fund?

Kotak Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.3% and its worst peak-to-trough fall in our sample was -36.5%. 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 Focused Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Focused Fund?

Kotak Focused Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Kotak Focused Fund?

Kotak Focused Fund is managed by Shibani Sircar Kurian at Kotak Mahindra.

How is Kotak Focused Fund taxed?

Kotak Focused 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.