Kotak Banking and PSU Debt Fund
- NAV as on 9 Nov 2026
- ₹69.94+0.10%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹66.94 — ₹69.87
- AUM
- ₹4,675 Cr
Kotak Banking and PSU Debt Fund is a Banking and PSU debt fund from Kotak Mahindra Mutual Fund with ₹4,675 Cr under management, launched in 1998. Over three years it has returned 6.0% a year, against 6.6% for its category. The expense ratio is 0.75% and the SEBI riskometer reading is Moderate.
Performance
Kotak Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.1% against +4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.4% | +0.3 pts | 4.1% | 4.3% |
| 2Y | 5.2% | +0.2 pts | 5.0% | 5.0% |
| 3Y | 6.0% | −0.6 pts | 6.6% | 5.8% |
| 5Y | 6.4% | +0.5 pts | 5.9% | 6.2% |
| 7Y | 6.2% | +0.2 pts | 6.0% | 6.0% |
| 10Y | 6.6% | 0.0 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.7% | +0.2 pts | 0.5% | 0.5% |
| 3M | 0.3% | 0.0 pts | 0.4% | 0.4% |
| 6M | 2.6% | 0.0 pts | 2.6% | 2.6% |
| 1Y | 4.4% | +0.3 pts | 4.1% | 4.2% |
| 2Y | 6.1% | +0.2 pts | 5.9% | 5.9% |
| 3Y | 6.8% | +0.2 pts | 6.6% | 6.7% |
| 5Y | 6.0% | +0.2 pts | 5.9% | 5.9% |
| 7Y | 6.5% | +0.3 pts | 6.2% | 6.1% |
| 10Y | 6.9% | +0.3 pts | 6.6% | 6.6% |
Since launch (11 Dec 1998): 7.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.7% | −0.1 pts | 7.7% |
| 2024 | 8.0% | −0.2 pts | 8.2% |
| 2023 | 6.8% | −0.3 pts | 7.0% |
| 2022 | 3.6% | −0.3 pts | 3.9% |
| 2021 | 3.9% | +0.1 pts | 3.8% |
| 2020 | 10.5% | 0.0 pts | 10.5% |
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
0.75%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.64%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Banking and PSU Debt A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.86 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.75 | 1.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Kotak Banking and PSU Debt Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.9%
- Other5.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 9.13% | ₹433 Cr | +1.09% | +1.05% | +0.90% |
| National Bank For Financing Infrastructure And Development | Financial | 6.17% | ₹294 Cr | +3.91% | +3.74% | +3.40% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.73% | ₹273 Cr | +4.51% | +4.35% | +3.96% |
| Power Grid Corporation Of India Ltd. | Energy | 4.72% | ₹225 Cr | +2.72% | +2.70% | +2.64% |
| HDFC Bank Ltd. | Financial | 4.21% | ₹200 Cr | +6.15% | +5.94% | +5.40% |
| REC Ltd. | Financial | 4.01% | ₹191 Cr | +5.23% | +5.06% | +4.58% |
| State Bank of India | Financial | 2.94% | ₹140 Cr | +2.89% | +2.76% | +2.41% |
| Indian Oil Corporation Ltd. | Energy | 2.93% | ₹140 Cr | +3.83% | +3.68% | +3.34% |
| Food Corporation of India | Consumer Staples | 2.61% | ₹124 Cr | +2.02% | +1.94% | +1.76% |
| National Bank For Agriculture & Rural Development | Financial | 2.31% | ₹110 Cr | +1.00% | +0.96% | +0.88% |
| Export-Import Bank Of India | Financial | 2.09% | ₹99.48 Cr | +2.01% | +1.93% | +1.76% |
| ICICI Bank Ltd. | Financial | 1.98% | ₹94.50 Cr | +1.99% | +1.87% | — |
| GOI | Sovereign | 1.57% | ₹74.98 Cr | +0.59% | +0.34% | +1.32% |
| Bank Of Baroda | Financial | 1.54% | ₹73.29 Cr | — | — | — |
| Canara Bank | Financial | 1.54% | ₹73.19 Cr | — | +5.47% | — |
| Union Bank of India | Financial | 1.54% | ₹73.51 Cr | +1.93% | +1.87% | +1.69% |
| Indian Bank | Financial | 1.51% | ₹71.67 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 1.14% | ₹54.70 Cr | +2.02% | +1.94% | +1.76% |
| Mahanagar Telephone Nigam Ltd. | Communication | 1.11% | ₹53.20 Cr | +0.20% | +0.20% | +0.18% |
| ONGC Petro Additions Ltd. | Energy | 1.01% | ₹48.21 Cr | +0.98% | +0.94% | — |
| Maharashtra State | Others | 0.80% | ₹38.09 Cr | +0.78% | +0.74% | +0.68% |
| Tamilnadu State | Others | 0.72% | ₹34.11 Cr | +2.03% | +1.23% | +0.69% |
| Power Finance Corporation Ltd. | Financial | 0.07% | ₹3.55 Cr | +0.10% | +0.10% | +0.10% |
| Gujarat State | Construction | 0.01% | ₹0.38 Cr | +0.61% | +0.58% | +0.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5551 | 1.59% | 0.00% | -1.59% |
| Canara Bank | 2.95% | 1.54% | -1.41% |
| Union Bank of India | 1.95% | 1.54% | -0.41% |
| GOI | 1.94% | 1.57% | -0.37% |
| Tamilnadu State | 1.01% | 0.72% | -0.29% |
| HDFC Bank Ltd. | 3.09% | 3.19% | +0.10% |
| Indian Oil Corporation Ltd. | 2.84% | 2.93% | +0.09% |
| REC Ltd. | 2.64% | 2.73% | +0.09% |
| Indian Bank | 1.44% | 1.51% | +0.07% |
| Export-Import Bank Of India | 2.02% | 2.09% | +0.07% |
| State Bank of India | 2.87% | 2.94% | +0.07% |
| Bank Of Baroda | 1.48% | 1.54% | +0.06% |
| National Bank For Financing Infrastructure And Development | 1.96% | 2.02% | +0.06% |
| Small Industries Devp. Bank of India Ltd. | 1.51% | 1.56% | +0.05% |
| Power Grid Corporation Of India Ltd. | 1.32% | 1.36% | +0.04% |
| Food Corporation of India | 1.01% | 1.04% | +0.03% |
| ICICI Bank Ltd. | 1.95% | 1.98% | +0.03% |
| Indian Railway Finance Corporation Ltd. | 1.01% | 1.04% | +0.03% |
| ONGC Petro Additions Ltd. | 0.98% | 1.01% | +0.03% |
| Maharashtra State | 0.78% | 0.80% | +0.02% |
| National Bank For Agriculture & Rural Development | 0.51% | 0.53% | +0.02% |
| Others | 0.37% | 0.39% | +0.02% |
| Gujarat State | 0.01% | 0.01% | 0.00% |
| Mahanagar Telephone Nigam Ltd. | 0.10% | 0.10% | 0.00% |
| Power Finance Corporation Ltd. | 0.05% | 0.05% | 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 | ₹5,486 Cr | 0.59% | 5.1% | 6.3% | 6.6% |
 Bandhan Banking and PSU Debt Fund | ₹11,848 Cr | 0.68% | 5.1% | 6.2% | 6.4% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,082 Cr | 0.72% | 4.4% | 6.0% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,448 Cr | 0.46% | 5.9% | 6.7% | 7.0% |
 Franklin India Banking & PSU Debt Fund | ₹565 Cr | 0.49% | 5.0% | 6.4% | 6.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.
Fund managers
- Deepak AgrawalMr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.He has been associated with Kotak AMC since 2002.
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 months2.65% absolute | ₹60,000 | ₹61,590 | 2.65% | |
| 1 year4.42% annualised | ₹1,20,000 | ₹1,22,912 | 2.43% | |
| 3 years6.84% annualised | ₹3,60,000 | ₹4,00,614 | 11.28% | |
| 5 years6.05% annualised | ₹6,00,000 | ₹7,02,120 | 17.02% |
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.