Kotak Infrastructure and Economic Reform Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹69.53-0.46%1 day
- Return since launch
- 10.9%
- 52-week range
- ₹58.13 — ₹71.39
- AUM
- ₹2,334 Cr
Kotak Infrastructure and Economic Reform Fund is a Sectoral-Infrastructure equity fund from Kotak Mahindra Mutual Fund with ₹2,334 Cr under management, launched in 2008. Over three years it has returned 6.9% a year, against 15.1% for its category. The expense ratio is 2.15% and the SEBI riskometer reading is Very High.
Performance
Kotak Infrastructure and Economic Reform Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.2% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.1% | +6.3 pts | 2.8% | 2.7% |
| 2Y | 7.4% | +2.5 pts | 4.9% | 2.2% |
| 3Y | 6.9% | −8.2 pts | 15.1% | 2.8% |
| 5Y | 14.2% | −1.2 pts | 15.4% | 11.7% |
| 7Y | 19.3% | +0.1 pts | 19.3% | 16.4% |
| 10Y | 17.1% | +1.8 pts | 15.2% | 14.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | −0.5 pts | 0.9% | 4.2% |
| 3M | -1.3% | +2.4 pts | -3.7% | -2.8% |
| 6M | 2.1% | +5.0 pts | -2.9% | -0.9% |
| 1Y | 5.2% | +2.4 pts | 2.8% | -0.7% |
| 2Y | 1.3% | +0.8 pts | 0.4% | -1.0% |
| 3Y | 14.8% | −0.3 pts | 15.1% | 12.0% |
| 5Y | 15.6% | +0.3 pts | 15.4% | 13.1% |
| 7Y | 19.8% | +0.2 pts | 19.6% | 16.9% |
| 10Y | 14.8% | −0.4 pts | 15.2% | 12.9% |
Since launch (10 Jan 2008): 10.9%
Calendar-year returns
Category average3.4%
57.3%
15.6%
37.3%
32.1%
-3.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -3.7% | −4.3 pts | 0.6% |
| 2024 | 32.1% | +3.1 pts | 29.0% |
| 2023 | 37.3% | −9.9 pts | 47.2% |
| 2022 | 15.6% | +5.0 pts | 10.6% |
| 2021 | 57.3% | +4.2 pts | 53.1% |
| 2020 | 3.4% | −6.6 pts | 9.9% |
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
2.16%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.73%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- Exit load
- 0.5% for redemption within 90 Days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Infrastructure 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.
Very High
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 | 1.77 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.70 | 0.68 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.44 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.62 | 20.18 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Infrastructure and Economic Reform Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.7%
- Other1.3%
Market cap split
- Large46.0%
- Mid10.4%
- Small43.7%
- P/E
- 21.77
- P/B
- 3.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 8.70% | ₹203 Cr | +11.80% | +10.35% | +4.28% |
| Bharti Airtel Ltd. | Communication | 7.45% | ₹174 Cr | +5.11% | +6.55% | +6.98% |
| Reliance Industries Ltd. | Energy | 7.32% | ₹171 Cr | +7.61% | +5.17% | +5.03% |
| Kalpataru Projects International Ltd. | Capital Goods | 3.73% | ₹86.98 Cr | +3.53% | +3.24% | +3.43% |
| Engineers India Ltd. | Construction | 3.71% | ₹86.69 Cr | +1.77% | +1.60% | +1.48% |
| Indus Towers Ltd. | Communication | 3.60% | ₹83.97 Cr | +3.60% | +4.58% | +1.32% |
| Solar Industries India Ltd. | Chemicals | 3.04% | ₹70.92 Cr | +4.13% | +3.17% | +3.07% |
| Kajaria Ceramics Ltd. | Materials | 2.86% | ₹66.70 Cr | +1.78% | +1.61% | +2.54% |
| Ultratech Cement Ltd. | Materials | 2.82% | ₹65.74 Cr | +2.76% | +3.14% | +3.13% |
| Mahindra Logistics Ltd. | Services | 2.66% | ₹61.98 Cr | +2.17% | +2.30% | +2.92% |
| V.S.T. Tillers Tractors Ltd. | Automobile | 2.43% | ₹56.63 Cr | +2.38% | +3.02% | +2.82% |
| Shree Cement Ltd. | Materials | 2.33% | ₹54.30 Cr | +2.51% | +3.02% | +4.38% |
| Interglobe Aviation Ltd. | Services | 2.31% | ₹53.83 Cr | +2.37% | +1.55% | +1.94% |
| Ashok Leyland Ltd. | Automobile | 1.98% | ₹46.26 Cr | +1.93% | +2.25% | +1.83% |
| MV Electrosystems Ltd. | Capital Goods | 1.97% | ₹45.93 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.95% | ₹45.55 Cr | +1.69% | +1.43% | +1.58% |
| Carborundum Universal Ltd. | Metals & Mining | 1.93% | ₹45.09 Cr | +1.73% | +1.36% | +1.42% |
| Shriram Finance Ltd | Financial | 1.90% | ₹44.22 Cr | +1.92% | +1.91% | — |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 1.68% | ₹39.25 Cr | +1.48% | +1.54% | +1.54% |
| Bharat Electronics Ltd. | Capital Goods | 1.66% | ₹38.83 Cr | +1.68% | +1.95% | +1.73% |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.66% | ₹38.79 Cr | +1.72% | +1.30% | — |
| Cummins India Ltd. | Capital Goods | 1.65% | ₹38.56 Cr | +1.87% | +3.19% | +2.68% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.63% | ₹38.10 Cr | +1.16% | +1.29% | +1.33% |
| Sansera Engineering Ltd. | Automobile | 1.58% | ₹36.75 Cr | +1.18% | +1.92% | +1.13% |
| Tempsens Instruments (India) Ltd. | Capital Goods | 1.50% | ₹34.92 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 1.47% | ₹34.22 Cr | +1.45% | +1.46% | +1.12% |
| Bosch Ltd. | Automobile | 1.45% | ₹33.91 Cr | +2.05% | +2.45% | +2.85% |
| Schaeffler India Ltd. | Capital Goods | 1.42% | ₹33.13 Cr | +1.46% | +1.59% | +1.53% |
| Brigade Enterprises Ltd. | Construction | 1.33% | ₹31.06 Cr | +0.47% | +0.54% | +0.66% |
| Others | Others | 1.33% | ₹30.89 Cr | +0.02% | -0.52% | -0.28% |
| Mahindra Lifespace Developers Ltd. | Construction | 1.32% | ₹30.72 Cr | +1.28% | +1.22% | +1.29% |
| Container Corporation Of India Ltd. | Services | 1.29% | ₹30.21 Cr | +1.31% | +1.40% | +1.52% |
| Atlanta Electricals Ltd. | Capital Goods | 1.24% | ₹28.95 Cr | +1.98% | +1.56% | +0.91% |
| GR Infraprojects Ltd. | Construction | 1.24% | ₹28.88 Cr | +1.35% | +1.40% | +1.88% |
| Greenpanel Industries Ltd. | Materials | 1.24% | ₹28.86 Cr | +1.41% | +1.50% | +2.28% |
| KSH International Ltd. | Capital Goods | 1.16% | ₹27.03 Cr | +2.22% | +1.67% | — |
| V-Guard Industries Ltd. | Consumer Discretionary | 1.14% | ₹26.68 Cr | +1.10% | +1.38% | +1.44% |
| Ashoka Buildcon Ltd. | Construction | 1.12% | ₹26.18 Cr | +1.30% | +1.21% | +1.97% |
| Kanohar Electricals Ltd. | Capital Goods | 1.12% | ₹26.22 Cr | — | — | — |
| Park Medi World Ltd. | Healthcare | 1.06% | ₹24.75 Cr | +1.51% | +1.14% | — |
| Exide Industries Ltd. | Capital Goods | 1.04% | ₹24.34 Cr | +0.93% | +0.83% | +0.98% |
| Concord Enviro Systems Ltd. | Others | 1.00% | ₹23.36 Cr | +0.48% | +0.44% | +0.76% |
| Power Finance Corporation Ltd. | Financial | 1.00% | ₹23.44 Cr | +1.25% | +1.33% | +1.75% |
| AIA Engineering Ltd. | Metals & Mining | 0.90% | ₹20.89 Cr | +1.12% | +1.27% | +1.49% |
| Oil India Ltd. | Energy | 0.87% | ₹20.19 Cr | +0.77% | +1.04% | — |
| WPIL Ltd. | Capital Goods | 0.82% | ₹19.12 Cr | +0.87% | +0.73% | +0.84% |
| M&B Engineering Ltd. | Construction | 0.67% | ₹15.69 Cr | +0.80% | +0.69% | +0.84% |
| NTPC Ltd. | Energy | 0.47% | ₹11.04 Cr | +1.02% | +1.27% | +0.65% |
| H.G. Infra Engineering Ltd. | Construction | 0.25% | ₹5.88 Cr | +0.46% | +0.41% | +0.78% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Solar Industries India Ltd. | 4.36% | 3.04% | -1.32% |
| Kanohar Electricals Ltd. | 0.00% | 1.12% | +1.12% |
| Petronet LNG Ltd. | 0.98% | 0.00% | -0.98% |
| Apollo Tyres Ltd. | 0.95% | 0.00% | -0.95% |
| Engineers India Ltd. | 2.94% | 3.71% | +0.77% |
| Concord Enviro Systems Ltd. | 0.38% | 1.00% | +0.62% |
| Others | 0.03% | 0.62% | +0.59% |
| Larsen & Toubro Ltd. | 9.25% | 8.70% | -0.55% |
| KSH International Ltd. | 1.60% | 1.16% | -0.44% |
| Mahindra Logistics Ltd. | 2.23% | 2.66% | +0.43% |
| Bharti Airtel Ltd. | 7.85% | 7.45% | -0.40% |
| Bosch Ltd. | 1.81% | 1.45% | -0.36% |
| Park Medi World Ltd. | 1.42% | 1.06% | -0.36% |
| Carborundum Universal Ltd. | 1.60% | 1.93% | +0.33% |
| MV Electrosystems Ltd. | 1.71% | 1.97% | +0.26% |
| Kalpataru Projects International Ltd. | 3.54% | 3.73% | +0.19% |
| V.S.T. Tillers Tractors Ltd. | 2.26% | 2.43% | +0.17% |
| Jyoti CNC Automation Ltd. | 1.46% | 1.63% | +0.17% |
| Kajaria Ceramics Ltd. | 2.70% | 2.86% | +0.16% |
| Ratnamani Metals & Tubes Ltd. | 1.53% | 1.68% | +0.15% |
| H.G. Infra Engineering Ltd. | 0.39% | 0.25% | -0.14% |
| Sansera Engineering Ltd. | 1.45% | 1.58% | +0.13% |
| Ashok Leyland Ltd. | 2.11% | 1.98% | -0.13% |
| Greenpanel Industries Ltd. | 1.13% | 1.24% | +0.11% |
| V-Guard Industries Ltd. | 1.25% | 1.14% | -0.11% |
| Shriram Finance Ltd | 2.00% | 1.90% | -0.10% |
| Container Corporation Of India Ltd. | 1.39% | 1.29% | -0.10% |
| Indus Towers Ltd. | 3.51% | 3.60% | +0.09% |
| Brigade Enterprises Ltd. | 1.42% | 1.33% | -0.09% |
| ABB India Ltd. | 1.55% | 1.47% | -0.08% |
| Atlanta Electricals Ltd. | 1.32% | 1.24% | -0.08% |
| Emmvee Photovoltaic Power Ltd. | 1.58% | 1.66% | +0.08% |
| Shree Cement Ltd. | 2.26% | 2.33% | +0.07% |
| Mahindra Lifespace Developers Ltd. | 1.25% | 1.32% | +0.07% |
| Ultratech Cement Ltd. | 2.76% | 2.82% | +0.06% |
| Reliance Industries Ltd. | 7.38% | 7.32% | -0.06% |
| Ashoka Buildcon Ltd. | 1.17% | 1.12% | -0.05% |
| Schaeffler India Ltd. | 1.37% | 1.42% | +0.05% |
| Interglobe Aviation Ltd. | 2.27% | 2.31% | +0.04% |
| Samvardhana Motherson International Ltd. | 1.91% | 1.95% | +0.04% |
| WPIL Ltd. | 0.78% | 0.82% | +0.04% |
| GR Infraprojects Ltd. | 1.27% | 1.24% | -0.03% |
| Power Finance Corporation Ltd. | 0.97% | 1.00% | +0.03% |
| AIA Engineering Ltd. | 0.92% | 0.90% | -0.02% |
| NTPC Ltd. | 0.45% | 0.47% | +0.02% |
| Cummins India Ltd. | 1.66% | 1.65% | -0.01% |
| M&B Engineering Ltd. | 0.68% | 0.67% | -0.01% |
| Bharat Electronics Ltd. | 1.66% | 1.66% | 0.00% |
| Exide Industries Ltd. | 1.04% | 1.04% | 0.00% |
| Oil India Ltd. | 0.87% | 0.87% | 0.00% |
| Tempsens Instruments (India) Ltd. | 1.50% | 1.50% | 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 | ₹2,108 Cr | 2.38% | 8.7% | 9.5% | 17.2% |
 DSP India T.I.G.E.R. Fund | ₹6,265 Cr | 2.02% | 8.1% | 9.0% | 17.7% |
 Aditya Birla Sun Life Infrastructure Fund | ₹1,220 Cr | 2.33% | 16.0% | 10.8% | 16.8% |
 LIC MF Infrastructure Fund | ₹1,153 Cr | 2.62% | 7.6% | 9.8% | 18.4% |
 Bank of India Manufacturing & Infrastructure Fund | ₹984 Cr | 2.54% | 16.2% | 13.7% | 19.1% |
 Canara Robeco Infrastructure Fund | ₹921 Cr | 2.41% | -4.5% | 4.3% | 13.8% |
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 diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.
Fund managers
- Nalin Rasik BhattMr. Bhatt has done B.Com and CAPrior to joining Kotak Mutual Fund, he has worked with Motilal Oswal Securities Limited, Angel Broking Limited and Sushil Stock Brokers
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 months2.09% absolute | ₹60,000 | ₹61,254 | 2.09% | |
| 1 year5.24% annualised | ₹1,20,000 | ₹1,23,461 | 2.88% | |
| 3 years14.81% annualised | ₹3,60,000 | ₹4,55,380 | 26.49% | |
| 5 years15.64% annualised | ₹6,00,000 | ₹9,13,148 | 52.19% |
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 Infrastructure and Economic Reform Fund?
The NAV of Kotak Infrastructure and Economic Reform Fund is ₹69.53 as on 6 Nov 2026.
What is the expense ratio of Kotak Infrastructure and Economic Reform Fund?
The expense ratio of Kotak Infrastructure and Economic Reform Fund is 2.15% per year.
What is the minimum SIP amount for Kotak Infrastructure and Economic Reform Fund?
You can start a SIP in Kotak Infrastructure and Economic Reform Fund with ₹3,000 a month.
What returns has Kotak Infrastructure and Economic Reform Fund given?
Kotak Infrastructure and Economic Reform Fund has returned 9.1% over 1 year, 6.9% over 3 years and 14.2% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Infrastructure and Economic Reform Fund?
Lock-in: None. Exit load: 0.5% for redemption within 90 Days.
How risky is Kotak Infrastructure and Economic Reform Fund?
Kotak Infrastructure and Economic Reform Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Infrastructure category.
Which fund house manages Kotak Infrastructure and Economic Reform Fund?
Kotak Infrastructure and Economic Reform Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.