IndexIndex FundsDirectGrowthVery High

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund

Q: What is the NAV of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

As of 20 Aug 2026, the NAV of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is ₹11.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What are the top holdings of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

Its largest holdings are HDB FINANCIAL SERVICES LIMITED SR A 1 FX 183 7.65 NCD 10SP27 FVRS10LAC (9.9%), AXIS FINANCE LIMITED SR 14 OP B 8.35 NCD 07MY27 FVRS1LAC (9.7%), ADITYA BIRLA HOUSING FINANCE LIMITED SR D1 8.1701 NCD 25AG27 FVRS1LAC (9.4%), BAJAJ FINANCE LIMITED 8.12 NCD 10SP27 FVRS1LAC (9.4%) and TATA CLEANTECH CAPITAL LIMITED SR A FY 2020-21 8 NCD 10SP27 FVRS10LAC (8.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -0.4%. 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 -0.35 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund's -0.35 means it has not compensated investors for its volatility over the window. Higher is better.

Kotak Mahindra Mutual Fund · Best Index Funds

This is the Direct plan of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund — 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.

NAV

₹11.55

-0.04% 1D

as of 20 Aug 2026

Compare SIP calculator

Performance

+6.26%CAGR

52-week rangePrev NAV ₹11.56

Latest ₹11.55

Low ₹10.8899th percentile of its 52-week rangeHigh ₹11.56

Scorecard

★★★★★5/5 vs 331 of 374 Index Funds peers1Y

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 Index Funds (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 331 of the 374 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Index Funds peers to rank yet

RiskLow

Volatility 0.8% vs 12.3% category avg

CostLow

0.2% expense vs 0.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

1-year return (+6.21%) beats the Index Funds average (+4.57%)
Less volatile than its Index Funds peers (0.8% vs 12.3%)
Low expense ratio (0.19%) vs the Index Funds average of 0.47%

Concerns

Weaker risk-adjusted returns — Sharpe -0.35 below the Index Funds average of 0.28

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.47%

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

Category 23.23

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

-0.35

Category 0.28▼0.63

Scheme Info

Definitions

Plan

Direct · Growth

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

Exit Load

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

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

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 Sep 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.62%

Absolute return over the last 3 months (not annualized)

+2.29%

Absolute return over the last 6 months (not annualized)

+3.12%

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

+3.76%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.21%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+7.68%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.82%

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

-0.35

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

-0.56

Largest peak-to-trough decline over full history

-0.38%

Benchmark ratios (vs Nifty 500 · 36 monthly returns)

Definitions

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

—

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

—

How much of the fund's movement Nifty 500 explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 500 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	+0.62%	+1.26%	-0.64%
3M abs	+2.29%	+4.16%	-1.87%
6M abs	+3.12%	+2.73%	+0.39%
1Y CAGR	+6.21%	+4.57%	+1.64%
3Y CAGR	—	+11.46%	—
5Y CAGR	—	+11.37%	—

Category average across peers in Index Funds (up to 374 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 374 peers in Index Funds

1Y return

+6.21%

Beats 67.4% · rank #108

3Y return

—

5Y return

—

Sharpe

-0.35

Beats 14.3% · rank #277

Sortino

-0.56

Beats 13.7% · rank #279

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty 500

Average

+7.3%

Median

+7.7%

Best

+8.8%

Worst

+5.7%

Positive periods

100.0%

11 overlapping 1Y windows, sampled monthly across the fund’s history.

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

₹1.20L

Current value

₹1.24L

Absolute

+2.94%

XIRR

+6.47%

Value vs. invested

12 monthly installments of ₹10,000 into Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 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	Diff
2026part	+3.80%	-1.50%	+5.30%
2025	+8.50%	+6.69%	+1.81%
2024part	+2.24%	—	—

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

463

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

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 · Index Funds

Compare all


Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 FundThis fund Kotak Mahindra	★★★★★ 1Y	+6.21%	—	—	—	0.19%	₹499.02Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential	★★★★☆	+37.86%	+31.72%	—	—	0.63%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal	★★★★☆	+31.67%	+26.53%	+17.87%	—	0.62%	₹4,500Cr
UTI Nifty 500 Value 50 Index Fund UTI	★★★★☆	+14.41%	+25.30%	—	7.31	0.80%	₹729.68Cr
ICICI Prudential Nifty Auto Index Fund ICICI Prudential	★★★★☆	+15.89%	+24.43%	—	13.86	0.35%	₹216.49Cr
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal	★★★★☆	+10.15%	+24.33%	—	6.04	0.52%	₹2,077Cr

Fund size over time

Quarterly average AUM · AMFI

₹499.02Cr

April - June 2026

-14%

since January - March 2026

Down +14% from its peak of ₹582.47Cr in January - March 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.

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 Index funds & ETFs

Index funds and ETFs simply track a benchmark such as the Nifty 50 rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost.

Frequently asked questions

What is the NAV of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

As of 20 Aug 2026, the NAV of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is ₹11.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund delivered?

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund has returned +6.21% over 1 year and +7.68% 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges an expense ratio of 0.19% 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

Its largest holdings are HDB FINANCIAL SERVICES LIMITED SR A 1 FX 183 7.65 NCD 10SP27 FVRS10LAC (9.9%), AXIS FINANCE LIMITED SR 14 OP B 8.35 NCD 07MY27 FVRS1LAC (9.7%), ADITYA BIRLA HOUSING FINANCE LIMITED SR D1 8.1701 NCD 25AG27 FVRS1LAC (9.4%), BAJAJ FINANCE LIMITED 8.12 NCD 10SP27 FVRS1LAC (9.4%) and TATA CLEANTECH CAPITAL LIMITED SR A FY 2020-21 8 NCD 10SP27 FVRS10LAC (8.3%). Holdings are disclosed monthly and change over time.

How risky is Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -0.4%. 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 -0.35 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund's -0.35 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is benchmarked against the CRISIL-IBX AAA Financial Services Index – Sep 2027 Benchmark Rationale -the Scheme is an Index Fund and would replicate/. Its alpha and beta on this page are measured against that index.

Who manages Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is managed by Abhishek Bisen at Kotak Mahindra.

How is Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund taxed?

Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 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.