Kotak US Specific Equity Passive FOF
Kotak Mahindra Mutual Fund · Best International Fund of Funds
This is the Direct plan of Kotak US Specific Equity Passive FOF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★☆4/5 vs 47 of 51 FoF Overseas 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 FoF Overseas (same plan and option). 47 of the 51 FoF Overseas funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +33.69% · ranks 5 of 47 FoF Overseas funds
Volatility 19.6% vs 17.8% category avg
0.3% expense vs 0.6% category avg
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
- Ahead of the FoF Overseas average on 1M/3M/6M/1Y — 1Y by 11.10pp
- 3-year return (+33.69%) beats the FoF Overseas average (+25.04%)
- 5-year return (+21.75%) beats the FoF Overseas average (+13.00%)
- Ranks #10 of 51 on 1-year return in its FoF Overseas cohort
- Stronger risk-adjusted returns — Sharpe 1.39 vs 0.98 FoF Overseas average
Concerns
- More volatile than its FoF Overseas peers (19.6% vs 17.8%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (FoF Overseas)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +5.11% | +0.19% | +4.92% |
| 3M abs | +2.19% | +0.78% | +1.41% |
| 6M abs | +27.50% | +13.65% | +13.85% |
| 1Y CAGR | +32.89% | +21.79% | +11.10% |
| 3Y CAGR | +33.69% | +25.04% | +8.65% |
| 5Y CAGR | +21.75% | +13.00% | +8.75% |
Category average across peers in FoF Overseas (up to 51 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 51 peers in FoF Overseas
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Kotak US Specific Equity Passive FOF, 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 | S&P 500 (₹, price) | Diff | |
|---|---|---|---|---|
| 2026part | +27.26% | +21.02% | +6.24% | |
| 2025 | +26.11% | +21.79% | +4.32% | |
| 2024 | +28.69% | +28.53% | +0.16% | |
| 2023 | +58.36% | +23.43% | +34.93% | |
| 2022 | -26.54% | -10.35% | -16.19% | |
| 2021part | +22.83% | — | — |
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.
Taxation
Taxed as non-equityThis is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
Sets the short-term (slab-rate) figure above.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other99.91%
- Cash & Equivalents0.09%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹4,327Cr 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.
Fund Managers
ABAbhishek BisenManaging since 02 Feb 2021
Head - Fixed Income, Debt Fund Manager and Dealer
B A Management, MBA Finance EPAF- IIM-C
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
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AKArjun KhannaManaging since 02 Feb 2021
Fund Manager
CFA, FRM, MMS (Finance), B.E (Electronics)
Mr. Arjun Khanna has over 18 years experience out of which 17 years has been with Mutual Funds in Equity Research. Prior joining Kotak Mahindra Mutual Fund, he was with Principal Mutual Funds. He has also worked at Citibank N.A. in his earlier stint. He is a Bachelor of Engineering (Electronics) Mumbai University and has done his Masters of Management (Finance)from Jamnalal Bajaj Institute Management Studies, Mumbai. He received the Chartered Financial Analyst designation from CFA Institute and is a Financial Risk Manager - Certified by the Global Association of Professionals
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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.
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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.
From the blog
Frequently asked questions
What is the NAV of Kotak US Specific Equity Passive FOF?
As of 01 Oct 2026, the NAV of Kotak US Specific Equity Passive FOF is ₹29.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak US Specific Equity Passive FOF delivered?
Kotak US Specific Equity Passive FOF has returned +32.89% over 1 year, +33.69% per year over 3 years, +21.75% per year over 5 years and +21.15% 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 US Specific Equity Passive FOF?
Kotak US Specific Equity Passive FOF charges an expense ratio of 0.34% 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 US Specific Equity Passive FOF?
Kotak US Specific Equity Passive FOF's largest holdings are Ishares Nasdaq 100 UCITS ETF USD (99.9%). Holdings are disclosed monthly and change over time.
How risky is Kotak US Specific Equity Passive FOF?
Kotak US Specific Equity Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.6% and its worst peak-to-trough fall in our sample was -29.1%. 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 1.39 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak US Specific Equity Passive FOF's 1.39 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Kotak US Specific Equity Passive FOF?
Kotak US Specific Equity Passive FOF is benchmarked against the Nasdaq 100 TRI. Its alpha and beta on this page are measured against that index.
Who manages Kotak US Specific Equity Passive FOF?
Kotak US Specific Equity Passive FOF is managed by Abhishek Bisen and Arjun Khanna at Kotak Mahindra.
How is Kotak US Specific Equity Passive FOF taxed?
Kotak US Specific Equity Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.