Kotak Banking & Financial Services Fund
- NAV as on 25 Sep 2026
- ₹15.60+0.39%1 day
- Return since launch
- 13.8%
- 52-week range
- ₹13.98 — ₹16.81
- AUM
- ₹1,561 Cr
Kotak Banking & Financial Services Fund is a Sectoral-Banking equity fund from Kotak Mahindra Mutual Fund with ₹1,561 Cr under management, launched in 2023. Over three years it has returned 6.1% a year, against 10.8% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.
Performance
Kotak Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.0% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.3% | −6.7 pts | 3.4% | -4.1% |
| 2Y | 2.7% | +0.5 pts | 2.2% | 1.9% |
| 3Y | 6.1% | −4.7 pts | 10.8% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.1% | −0.1 pts | -5.0% | -4.3% |
| 3M | -4.4% | −0.9 pts | -3.5% | -3.4% |
| 6M | 7.8% | +0.5 pts | 7.4% | 7.3% |
| 1Y | 4.0% | +0.6 pts | 3.4% | 2.1% |
| 2Y | 1.4% | 0.0 pts | 1.4% | 0.8% |
| 3Y | 10.4% | −0.5 pts | 10.8% | 9.4% |
Since launch (6 Feb 2023): 13.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 14.2% | −4.4 pts | 18.6% |
| 2024 | 12.2% | +0.2 pts | 12.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.24%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.82%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- Exit load
- 0.5% for redemption within 30 Days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.71 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.65 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.13 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.5%
- Other2.5%
Market cap split
- Large69.5%
- Mid14.9%
- Small15.6%
- P/E
- 16.93
- P/B
- 2.24
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 12.93% | ₹202 Cr | +11.21% | +11.76% | +18.25% |
| HDFC Bank Ltd. | Financial | 9.91% | ₹155 Cr | +11.75% | +14.49% | +18.98% |
| State Bank of India | Financial | 8.52% | ₹133 Cr | +8.37% | +10.66% | +6.68% |
| Axis Bank Ltd. | Financial | 7.24% | ₹113 Cr | +8.08% | +8.09% | +4.47% |
| Bajaj Finance Ltd. | Financial | 6.18% | ₹96.45 Cr | +5.73% | +6.33% | +5.81% |
| Shriram Finance Ltd | Financial | 5.06% | ₹78.99 Cr | +4.66% | +5.01% | +2.95% |
| Kotak Mahindra Bank Ltd. | Financial | 3.44% | ₹53.76 Cr | +3.41% | +3.71% | +4.18% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.68% | ₹41.79 Cr | +2.07% | +1.99% | +1.27% |
| Indusind Bank Ltd. | Financial | 2.62% | ₹40.97 Cr | +2.36% | +2.02% | +1.62% |
| Others | Others | 2.54% | ₹39.51 Cr | -0.10% | -0.30% | +0.78% |
| Poonawalla Fincorp Ltd. | Financial | 2.44% | ₹38.14 Cr | +2.18% | +2.34% | +2.67% |
| BSE Ltd. | Services | 2.37% | ₹36.99 Cr | +4.99% | +2.44% | — |
| Karur Vysya Bank Ltd. | Financial | 2.31% | ₹35.98 Cr | +1.84% | +2.09% | +2.07% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.28% | ₹35.52 Cr | +1.93% | +2.08% | +1.64% |
| Billionbrains Garage Ventures Ltd. | Financial | 2.20% | ₹34.38 Cr | +1.39% | +0.67% | — |
| Indian Bank | Financial | 2.12% | ₹33.14 Cr | +1.46% | +1.65% | +2.15% |
| L&T Finance Ltd. | Financial | 2.12% | ₹33.16 Cr | — | — | — |
| Bank of Maharashtra | Financial | 2.08% | ₹32.50 Cr | +2.41% | +2.29% | — |
| Piramal Finance Ltd. | Financial | 2.06% | ₹32.12 Cr | +1.30% | +1.13% | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.97% | ₹30.75 Cr | +2.02% | — | — |
| SBI Funds Management Ltd. | Financial | 1.93% | ₹30.18 Cr | — | — | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.77% | ₹27.59 Cr | +2.01% | +2.25% | +0.62% |
| Nippon Life India Asset Management Ltd. | Financial | 1.75% | ₹27.26 Cr | +2.55% | +2.01% | +1.89% |
| Nuvama Wealth Management Ltd. | Financial | 1.69% | ₹26.42 Cr | +1.62% | +1.31% | +1.60% |
| RBL Bank Ltd. | Financial | 1.54% | ₹24.08 Cr | +1.51% | +1.41% | +1.37% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.44% | ₹22.44 Cr | +1.62% | +1.53% | +1.21% |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.37% | ₹21.37 Cr | +1.09% | +0.95% | +1.35% |
| Power Finance Corporation Ltd. | Financial | 1.35% | ₹21.03 Cr | +2.24% | +1.15% | +1.95% |
| The South Indian Bank Ltd. | Financial | 1.07% | ₹16.66 Cr | +1.05% | +1.25% | +1.06% |
| Max Financial Services Ltd. | Financial | 0.86% | ₹13.37 Cr | +0.98% | +1.07% | +1.86% |
| Computer Age Management Services Ltd. | Services | 0.83% | ₹12.95 Cr | +0.91% | +0.78% | +1.90% |
| Home First Finance Company India Ltd. | Financial | 0.74% | ₹11.61 Cr | +0.73% | +0.75% | +1.01% |
| One97 Communications Ltd. | Services | 0.58% | ₹9.10 Cr | +1.80% | — | — |
| The Federal Bank Ltd. | Financial | 0.01% | ₹0.17 Cr | +0.01% | +0.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| India Shelter Finance Corporation Ltd. | 0.74% | 0.00% | -0.74% |
| Power Finance Corporation Ltd. | 2.06% | 1.35% | -0.71% |
| L&T Finance Ltd. | 1.44% | 2.12% | +0.68% |
| HDFC Bank Ltd. | 10.48% | 9.91% | -0.57% |
| Bajaj Finance Ltd. | 6.69% | 6.18% | -0.51% |
| Billionbrains Garage Ventures Ltd. | 1.79% | 2.20% | +0.41% |
| Bank of Maharashtra | 1.69% | 2.08% | +0.39% |
| Axis Bank Ltd. | 6.87% | 7.24% | +0.37% |
| Piramal Finance Ltd. | 1.75% | 2.06% | +0.31% |
| Karur Vysya Bank Ltd. | 2.02% | 2.31% | +0.29% |
| BSE Ltd. | 2.64% | 2.37% | -0.27% |
| Shriram Finance Ltd | 4.79% | 5.06% | +0.27% |
| State Bank of India | 8.29% | 8.52% | +0.23% |
| Kotak Mahindra Bank Ltd. | 3.21% | 3.44% | +0.23% |
| Others | 0.05% | -0.14% | -0.19% |
| SBI Life Insurance Company Ltd. | 1.92% | 1.77% | -0.15% |
| Indian Bank | 1.98% | 2.12% | +0.14% |
| Prudent Corporate Advisory Services Ltd. | 1.23% | 1.37% | +0.14% |
| One97 Communications Ltd. | 0.46% | 0.58% | +0.12% |
| The Jammu & Kashmir Bank Ltd. | 2.09% | 1.97% | -0.12% |
| ICICI Bank Ltd. | 12.81% | 12.93% | +0.12% |
| Ujjivan Small Finance Bank Ltd. | 2.37% | 2.28% | -0.09% |
| Aptus Value Housing Finance India Ltd. | 1.51% | 1.44% | -0.07% |
| Nuvama Wealth Management Ltd. | 1.75% | 1.69% | -0.06% |
| SBI Funds Management Ltd. | 1.98% | 1.93% | -0.05% |
| Max Financial Services Ltd. | 0.82% | 0.86% | +0.04% |
| Computer Age Management Services Ltd. | 0.85% | 0.83% | -0.02% |
| Home First Finance Company India Ltd. | 0.76% | 0.74% | -0.02% |
| The South Indian Bank Ltd. | 1.09% | 1.07% | -0.02% |
| Cholamandalam Investment and Finance Company Ltd. | 2.67% | 2.68% | +0.01% |
| Poonawalla Fincorp Ltd. | 2.45% | 2.44% | -0.01% |
| Nippon Life India Asset Management Ltd. | 1.74% | 1.75% | +0.01% |
| RBL Bank Ltd. | 1.53% | 1.54% | +0.01% |
| Indusind Bank Ltd. | 2.62% | 2.62% | 0.00% |
| The Federal Bank Ltd. | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -1.0% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.6% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.5% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -3.1% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.2% | 15.4% | — |
| Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.1% | 8.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
Fund managers
- Abhishek BisenMr. Bisen is a BA and MBA in Finance.Prior to joining Kotak AMC, he 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.
- Shibani Sircar KurianMs. Kurian has done PGDM (Specialization in Finance), BSc (Hons)-EconomicsPrior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.85% absolute | ₹60,000 | ₹64,710 | 7.85% | |
| 1 year3.99% annualised | ₹1,20,000 | ₹1,22,625 | 2.19% | |
| 3 years10.36% annualised | ₹3,60,000 | ₹4,23,740 | 17.71% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.