EquityDividend Yield FundRegularGrowthVery High

Kotak Dividend Yield Fund

Q: What is the NAV of Kotak Dividend Yield Fund?

As of 05 Oct 2026, the NAV of Kotak Dividend Yield Fund is ₹9.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Dividend Yield Fund delivered?

Kotak Dividend Yield Fund has returned -9.24% 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 Dividend Yield Fund?

Kotak Dividend Yield Fund charges an expense ratio of 2.53% 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 Dividend Yield Fund?

Kotak Dividend Yield Fund's largest holdings are ICICI BANK LTD. (6.2%), HDFC BANK LTD. (4.7%), RELIANCE INDUSTRIES LTD. (3.2%), STATE BANK OF INDIA. (3.2%) and Larsen and Toubro Ltd. (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Dividend Yield Fund?

Kotak Dividend Yield Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -12.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Kotak Dividend Yield Fund?

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

Q: Who manages Kotak Dividend Yield Fund?

Kotak Dividend Yield Fund is managed by Abhishek Bisen and Shibani Sircar Kurian at Kotak Mahindra.

Q: How is Kotak Dividend Yield Fund taxed?

Kotak Dividend Yield 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 Dividend Yield Mutual Funds

NAV

₹9.09

+0.32% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Dividend Yield 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

Performance

-9.24%absolute

52-week rangePrev NAV ₹9.06

Latest ₹9.09

Low ₹8.8420th percentile of its 52-week rangeHigh ₹10.10

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Dividend Yield Fund peers to rank yet

RiskModerate

Volatility 14.4% vs 13.8% category avg

CostAverage

2.5% expense vs 2.4% 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

No standout strengths identified.

Concerns

Trails the Dividend Yield Fund average on 1M/3M/6M

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.53%

Category 2.40%▲0.13%

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

19.52

Category —

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

—

Category 0.28

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 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. • If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% • 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.

—

Smallest recurring SIP instalment the scheme accepts

—

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.

03 Feb 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.67%

Absolute return over the last 3 months (not annualized)

-6.63%

Absolute return over the last 6 months (not annualized)

+1.46%

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

-9.24%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

-9.24%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.44%

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

—

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

—

Largest peak-to-trough decline over full history

-12.44%

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

—

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

—

How much of the fund's movement Nifty 500 TRI 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 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 (Dividend Yield Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.67%	-4.49%	-1.18%
3M abs	-6.63%	-4.43%	-2.20%
6M abs	+1.46%	+4.49%	-3.03%
1Y CAGR	—	-2.76%	—
3Y CAGR	—	+10.48%	—
5Y CAGR	—	+10.83%	—

Category average across peers in Dividend Yield Fund (up to 11 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.

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

₹80.00K

Current value

₹76.60K

Absolute

-4.25%

XIRR

-13.83%

Value vs. invested

ValueInvested

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

History points

166

Expense ratio

2.53%

AUM

₹227.51Cr

Portfolio turnover

Exit load

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

P/E ratio

19.5

P/B ratio

3.9

Avg market cap

₹4,04,346Cr

P/E & P/B are portfolio-weighted harmonic means across 50 of 52 equity holdings (96% 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 · Dividend Yield Fund

Compare all


Kotak Dividend Yield FundThis fund Kotak Mahindra · Regular · Growth	—	—	—	—	—	2.53%	₹227.51Cr
LIC MF Dividend Yield Fund LIC · Regular · Growth	★★★★☆	+1.78%	+15.95%	—	—	2.44%	₹675.68Cr
ICICI Prudential Dividend Yield Fund ICICI Prudential · Regular · Growth	★★★★★	-6.75%	+12.23%	+13.04%	—	1.92%	—
Tata Dividend Yield Fund Tata · Regular · Growth	★★★☆☆	+4.85%	+11.19%	+10.74%	—	2.32%	₹1,049Cr
UTI - Dividend Yield Fund UTI · Regular · Growth	★★★☆☆	-5.17%	+10.98%	+8.79%	—	1.99%	₹3,728Cr
Aditya Birla Sun Life Dividend Yield Fund Aditya Birla Sun Life · Regular · Growth	★☆☆☆☆	-1.61%	+9.53%	+11.34%	—	2.74%	₹1,457Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap72.4%
Mid cap26.2%
Small cap1.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.80%
Cash & Equivalents2.20%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	58.0%	★★★★☆	0.76%	+9.26%
Kotak Conservative Hybrid Fund Kotak Mahindra · Conservative Hybrid Fund	53.6% of 24% equity	★★★★☆	0.61%	+8.32%
Edelweiss Large Cap Fund Edelweiss · Large Cap Fund	53.2%	★★★☆☆	1.00%	+9.36%
PGIM India Large Cap Fund PGIM India · Large Cap Fund	53.1%	★☆☆☆☆	1.09%	+6.85%
Kotak Flexi Cap Fund Kotak Mahindra · Flexi Cap Fund	52.8%	★★★☆☆	0.66%	+10.35%
Axis Large Cap Fund Axis · Large Cap Fund	52.5%	★★★☆☆	0.92%	+7.76%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	52.5%	★★★★☆	0.63%	+9.16%
Groww ELSS Tax Saver Fund Groww · ELSS	52.2%	★☆☆☆☆	1.52%	+7.98%

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.

-12.4%18 Feb 2026 → 31 Mar 2026
Still below that high — 41 days down, and no recovery yet.

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

₹227.51Cr

April - June 2026

+49%

since January - March 2026

At or near its largest, ₹227.51Cr 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.

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

ABAbhishek BisenStart date not disclosed

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 →

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

Abhishek Bisen Shibani Sircar Kurian

Top holdings

ICICI BANK LTD.HDFC BANK LTD.RELIANCE INDUSTRIES LTD.STATE BANK OF INDIA.Larsen and Toubro Ltd.BHARTI AIRTEL LTD.Solar Industries India Limited SUN PHARMACEUTICAL INDUSTRIES LTD.Max Healthcare Institute Ltd.INDUSIND BANK LTD.NTPC LTD Apollo Hospitals Enterprise 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 Dividend Yield funds

Dividend yield funds favour companies that pay consistent, above-average dividends. They tend to tilt toward established, cash-generative businesses.

Frequently asked questions

What is the NAV of Kotak Dividend Yield Fund?

As of 05 Oct 2026, the NAV of Kotak Dividend Yield Fund is ₹9.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Dividend Yield Fund delivered?

Kotak Dividend Yield Fund has returned -9.24% 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 Dividend Yield Fund?

Kotak Dividend Yield Fund charges an expense ratio of 2.53% 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 Dividend Yield Fund?

Kotak Dividend Yield Fund's largest holdings are ICICI BANK LTD. (6.2%), HDFC BANK LTD. (4.7%), RELIANCE INDUSTRIES LTD. (3.2%), STATE BANK OF INDIA. (3.2%) and Larsen and Toubro Ltd. (3.1%). Holdings are disclosed monthly and change over time.

How risky is Kotak Dividend Yield Fund?

Kotak Dividend Yield Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -12.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Kotak Dividend Yield Fund?

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

Who manages Kotak Dividend Yield Fund?

Kotak Dividend Yield Fund is managed by Abhishek Bisen and Shibani Sircar Kurian at Kotak Mahindra.

How is Kotak Dividend Yield Fund taxed?

Kotak Dividend Yield 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.