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Kotak Banking and PSU Debt Fund

Banking and PSUModerateOPEN-ENDED
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NAV as on 25 Sep 2026
₹69.51-0.04%1 day
Return since launch
7.2%
52-week range
₹66.22 — ₹69.77
AUM
₹4,937 Cr

Kotak Banking and PSU Debt Fund is a Banking and PSU debt fund from Kotak Mahindra Mutual Fund with ₹4,937 Cr under management, launched in 1998. Over three years it has returned 6.2% a year, against 6.7% 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 +5.0% against +4.6% for its category.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y4.5%−0.1 pts4.7%4.6%
2Y5.4%+0.1 pts5.3%5.3%
3Y6.2%−0.5 pts6.7%6.1%
5Y6.5%+0.6 pts5.8%6.3%
7Y6.3%+0.2 pts6.1%6.1%
10Y6.7%0.0 pts6.7%6.4%

Fund against category

1Y
Fund4.5%
Category4.7%
3Y
Fund6.2%
Category6.7%
5Y
Fund6.5%
Category5.8%

Since launch (11 Dec 1998): 7.2%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20257.7%−0.1 pts7.7%
20248.0%−0.2 pts8.2%
20236.8%−0.3 pts7.0%
20223.6%−0.3 pts3.9%
20213.9%+0.1 pts3.8%
202010.5%0.0 pts10.5%

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 22 Sep 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.

Moderate

Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.

Risk ratios
RatioFundCategory avgRead 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.
Sharpe0.660.99Return earned for each unit of total risk taken. Higher is better.
Sortino1.171.64Return earned for each unit of downside risk. Higher is better.
Std. deviation1.641.19How 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 31 Aug 2026

Asset allocation

  • Debt92.7%
  • Other7.3%

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers7.72%₹381 Cr+1.08%+0.99%+0.90%
National Bank For Financing Infrastructure And DevelopmentFinancial5.98%₹295 Cr+3.84%+3.62%+3.40%
Small Industries Devp. Bank of India Ltd.Financial5.55%₹274 Cr+4.44%+4.20%+3.96%
Power Grid Corporation Of India Ltd.Energy4.58%₹226 Cr+2.70%+2.62%+2.64%
HDFC Bank Ltd.Financial4.07%₹201 Cr+6.08%+5.76%+5.40%
REC Ltd.Financial3.88%₹192 Cr+5.18%+4.88%+0.18%
Union Bank of IndiaFinancial3.43%₹170 Cr+3.86%+3.58%+3.38%
company:5652Financial2.95%₹146 Cr+5.22%+6.96%—
State Bank of IndiaFinancial2.87%₹142 Cr+2.83%+2.66%+2.42%
Indian Oil Corporation Ltd.Energy2.84%₹140 Cr+3.76%+3.56%+3.35%

Sectors

  • Financial73.8%
  • Others10.5%
  • Energy8.4%
  • Sovereign3.6%
  • Consumer Staples2.5%
  • Communication1.1%
  • Construction0.0%

Instruments

  • Debenture31.1%
  • Bonds20.6%
  • Non Convertible Debenture17.1%
  • Certificate of Deposit9.8%
  • Repo4.1%
  • GOI Securities3.6%
  • Net Current Assets3.3%
  • Additional Tier 2 Bond2.9%

Recent changes

HoldingFromToWeight
company:56520.00%2.95%+2.95%
company:4420.00%1.48%+1.48%
company:54340.00%1.44%+1.44%
Karnataka State1.39%0.00%-1.39%
Tamilnadu State2.05%1.01%-1.04%
Indian Oil Corporation Ltd.3.84%2.84%-1.00%
Gujarat State0.61%0.01%-0.60%
Power Grid Corporation Of India Ltd.1.36%1.32%-0.04%
HDFC Bank Ltd.3.07%3.09%+0.02%
ICICI Bank Ltd.1.97%1.95%-0.02%
REC Ltd.2.62%2.64%+0.02%
State Bank of India2.89%2.87%-0.02%
Union Bank of India1.93%1.95%+0.02%
National Bank For Agriculture & Rural Development0.50%0.51%+0.01%
National Bank For Financing Infrastructure And Development1.95%1.96%+0.01%
Small Industries Devp. Bank of India Ltd.1.50%1.51%+0.01%
Export-Import Bank Of India2.02%2.02%0.00%
Food Corporation of India1.01%1.01%0.00%
GOI1.94%1.94%0.00%
Indian Railway Finance Corporation Ltd.1.01%1.01%0.00%
Mahanagar Telephone Nigam Ltd.0.10%0.10%0.00%
Maharashtra State0.78%0.78%0.00%
National Housing Bank1.59%1.59%0.00%
ONGC Petro Additions Ltd.0.98%0.98%0.00%
Others0.37%0.37%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.

FundAUMExpense1Y3Y5Y
Category average₹5,689 Cr0.59%5.6%6.6%6.7%
Bandhan Banking and PSU Debt Fund₹12,014 Cr0.68%5.6%6.4%6.5%
ICICI Prudential Banking and PSU Debt Fund₹8,667 Cr0.74%4.8%6.3%6.6%
UTI Banking & PSU Debt Fund₹1,508 Cr0.47%6.2%6.9%7.2%
Franklin India Banking & PSU Debt Fund₹567 Cr0.49%5.7%6.8%6.7%

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.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months2.85% absolute₹60,000₹61,7102.85%
1 year4.98% annualised₹1,20,000₹1,23,2872.74%
3 years6.86% annualised₹3,60,000₹4,00,74011.32%
5 years6.00% annualised₹6,00,000₹7,01,18916.86%

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.

What is the NAV of Kotak Banking and PSU Debt Fund?
The NAV of Kotak Banking and PSU Debt Fund is ₹69.51 as on 25 Sep 2026.
What is the expense ratio of Kotak Banking and PSU Debt Fund?
The expense ratio of Kotak Banking and PSU Debt Fund is 0.75% per year.
What is the minimum SIP amount for Kotak Banking and PSU Debt Fund?
You can start a SIP in Kotak Banking and PSU Debt Fund with ₹3,000 a month.
What returns has Kotak Banking and PSU Debt Fund given?
Kotak Banking and PSU Debt Fund has returned 4.5% over 1 year, 6.2% over 3 years and 6.5% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Banking and PSU Debt Fund?
Lock-in: None. Exit load: 0%.
How risky is Kotak Banking and PSU Debt Fund?
Kotak Banking and PSU Debt Fund is rated Moderate on the SEBI riskometer and belongs to the Banking and PSU category.
Which fund house manages Kotak Banking and PSU Debt Fund?
Kotak Banking and PSU Debt Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.