Kotak Nifty Smallcap 50 Index Fund
Small Cap IndexVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹22.62+0.44%1 day
- Return since launch
- 26.0%
- 52-week range
- ₹16.95 — ₹23.03
- AUM
- ₹250 Cr
Kotak Nifty Smallcap 50 Index Fund is a Small Cap Index equity fund from Kotak Mahindra Mutual Fund with ₹250 Cr under management, launched in 2023. Over three years it has returned 12.9% a year, against 15.6% for its category. The expense ratio is 0.93% and the SEBI riskometer reading is Very High.
Performance
Kotak Nifty Smallcap 50 Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +16.4% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 25.5% | +16.4 pts | 9.1% | 15.1% |
| 2Y | 14.0% | +5.2 pts | 8.9% | 7.3% |
| 3Y | 12.9% | −2.6 pts | 15.6% | 7.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.4% | +0.2 pts | -1.6% | -1.5% |
| 3M | 7.1% | +3.2 pts | 3.9% | 3.2% |
| 6M | 29.0% | +4.5 pts | 24.5% | 24.0% |
| 1Y | 16.4% | +7.3 pts | 9.1% | 6.4% |
| 2Y | 2.9% | +4.1 pts | -1.3% | -1.7% |
| 3Y | 18.7% | +3.1 pts | 15.6% | 13.2% |
Since launch (16 Mar 2023): 26.0%
Calendar-year returns
Category average23.9%
-4.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -4.1% | +2.4 pts | -6.5% |
| 2024 | 23.9% | −2.5 pts | 26.4% |
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
0.92%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.66%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.24%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Smallcap 50 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 | 4.98 | 3.15 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.67 | 0.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.09 | 0.95 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 22.55 | 22.74 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Kotak Nifty Smallcap 50 Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.3%
Market cap split
- Mid15.9%
- Small84.1%
- P/E
- 35.64
- P/B
- 3.52
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sona BLW Precision Forgings Ltd. | Automobile | 4.43% | ₹11.09 Cr | +3.67% | — | — |
| Karur Vysya Bank Ltd. | Financial | 3.99% | ₹9.99 Cr | +3.68% | +4.26% | — |
| Navin Fluorine International Ltd. | Chemicals | 3.88% | ₹9.71 Cr | +3.54% | +3.18% | +2.55% |
| Welspun Corp Ltd. | Metals & Mining | 3.81% | ₹9.53 Cr | +2.43% | +1.49% | — |
| Piramal Finance Ltd. | Financial | 3.37% | ₹8.42 Cr | +3.13% | — | — |
| Delhivery Ltd. | Services | 3.10% | ₹7.77 Cr | +3.41% | +3.26% | +3.77% |
| Central Depository Services (India) Ltd. | Financial | 3.04% | ₹7.60 Cr | +2.99% | +3.13% | +3.96% |
| RBL Bank Ltd. | Financial | 2.86% | ₹7.15 Cr | +2.81% | — | — |
| Gland Pharma Ltd. | Healthcare | 2.79% | ₹6.99 Cr | +2.42% | +2.01% | — |
| City Union Bank Ltd. | Financial | 2.68% | ₹6.71 Cr | +2.49% | — | — |
| PNB Housing Finance Ltd. | Financial | 2.62% | ₹6.57 Cr | +2.61% | +2.14% | +1.88% |
| Redington Ltd. | Services | 2.58% | ₹6.46 Cr | +1.80% | +2.30% | — |
| Aster DM Quality Care Ltd. | Healthcare | 2.46% | ₹6.15 Cr | +2.49% | +2.10% | +2.11% |
| Sai Life Sciences Ltd. | Healthcare | 2.45% | ₹6.12 Cr | +2.15% | — | — |
| Neuland Laboratories Ltd. | Healthcare | 2.41% | ₹6.04 Cr | +1.99% | +1.52% | +1.80% |
| Anand Rathi Wealth Ltd. | Financial | 2.39% | ₹5.98 Cr | +1.99% | — | — |
| Computer Age Management Services Ltd. | Services | 2.28% | ₹5.71 Cr | +2.57% | +2.25% | +2.77% |
| Manappuram Finance Ltd. | Financial | 2.27% | ₹5.68 Cr | +2.41% | +2.15% | — |
| Angel One Ltd. | Financial | 2.26% | ₹5.67 Cr | +2.95% | +2.08% | +2.01% |
| Hindustan Copper Ltd. | Metals & Mining | 2.10% | ₹5.24 Cr | +2.39% | — | +1.18% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 2.02% | ₹5.06 Cr | +2.24% | +2.40% | +2.32% |
| Poonawalla Fincorp Ltd. | Financial | 2.01% | ₹5.02 Cr | +1.84% | +1.81% | +1.93% |
| Aegis Logistics Ltd. | Services | 1.93% | ₹4.83 Cr | +1.27% | +1.20% | +1.32% |
| Wockhardt Ltd. | Healthcare | 1.89% | ₹4.73 Cr | +2.26% | +1.56% | — |
| Himadri Speciality Chemical Ltd. | Chemicals | 1.88% | ₹4.71 Cr | +1.92% | +1.57% | +1.63% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 1.84% | ₹4.61 Cr | +2.44% | +2.29% | +3.31% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.83% | ₹4.59 Cr | +1.69% | +1.50% | +1.93% |
| IIFL Finance Ltd. | Financial | 1.83% | ₹4.57 Cr | +1.46% | +1.59% | +1.55% |
| Bandhan Bank Ltd. | Financial | 1.81% | ₹4.54 Cr | +2.50% | +2.22% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.79% | ₹4.48 Cr | +2.12% | +2.24% | — |
| Tata Technologies Ltd | Services | 1.73% | ₹4.34 Cr | +1.63% | — | — |
| Piramal Pharma Ltd. | Healthcare | 1.62% | ₹4.06 Cr | +1.44% | +1.34% | +1.77% |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.60% | ₹4.01 Cr | +1.77% | +1.72% | — |
| KFin Technologies Ltd. | Financial | 1.58% | ₹3.94 Cr | +1.54% | +1.76% | +1.85% |
| Kaynes Technology India Ltd. | Capital Goods | 1.40% | ₹3.51 Cr | +1.32% | +1.67% | +2.59% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | 1.33% | ₹3.32 Cr | +1.46% | +1.43% | +1.89% |
| Indraprastha Gas Ltd. | Energy | 1.28% | ₹3.21 Cr | +1.52% | — | — |
| Five-Star Business Finance Ltd. | Financial | 1.26% | ₹3.15 Cr | +1.16% | +1.11% | +1.59% |
| Affle 3I Ltd. | Technology | 1.23% | ₹3.08 Cr | +1.25% | +1.21% | +1.88% |
| Tata Chemicals Ltd. | Chemicals | 1.22% | ₹3.06 Cr | +1.60% | +1.55% | +2.25% |
| PG Electroplast Ltd. | Capital Goods | 1.14% | ₹2.85 Cr | +1.05% | +1.40% | — |
| CESC Ltd. | Energy | 1.12% | ₹2.80 Cr | +1.55% | +1.38% | +1.50% |
| NBCC (India) Ltd. | Construction | 1.08% | ₹2.71 Cr | +1.40% | +1.33% | +1.59% |
| Castrol India Ltd. | Chemicals | 1.07% | ₹2.68 Cr | +1.19% | +1.25% | +1.49% |
| Syngene International Ltd. | Healthcare | 0.93% | ₹2.32 Cr | +1.13% | — | — |
| Natco Pharma Ltd. | Healthcare | 0.92% | ₹2.30 Cr | +1.23% | +1.23% | +1.20% |
| Cohance Lifesciences Ltd. | Healthcare | 0.90% | ₹2.26 Cr | +0.95% | — | — |
| Inox Wind Ltd. | Capital Goods | 0.82% | ₹2.06 Cr | +1.21% | +1.23% | +2.08% |
| Reliance Power Ltd. | Energy | 0.78% | ₹1.95 Cr | +1.08% | +0.95% | +1.92% |
| KEC International Ltd. | Capital Goods | 0.66% | ₹1.64 Cr | +0.87% | +1.05% | +1.64% |
| Others | Others | -0.27% | ₹-0.70 Cr | -0.32% | -0.04% | -0.18% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Welspun Corp Ltd. | 2.70% | 3.81% | +1.11% |
| Others | -0.01% | -0.71% | -0.70% |
| Navin Fluorine International Ltd. | 3.47% | 3.88% | +0.41% |
| Neuland Laboratories Ltd. | 2.05% | 2.41% | +0.36% |
| Himadri Speciality Chemical Ltd. | 2.20% | 1.88% | -0.32% |
| Gland Pharma Ltd. | 2.49% | 2.79% | +0.30% |
| Piramal Finance Ltd. | 3.09% | 3.37% | +0.28% |
| Manappuram Finance Ltd. | 2.55% | 2.27% | -0.28% |
| Delhivery Ltd. | 3.37% | 3.10% | -0.27% |
| Crompton Greaves Consumer Electricals Ltd. | 2.08% | 1.84% | -0.24% |
| City Union Bank Ltd. | 2.48% | 2.68% | +0.20% |
| Redington Ltd. | 2.38% | 2.58% | +0.20% |
| Sai Life Sciences Ltd. | 2.26% | 2.45% | +0.19% |
| CESC Ltd. | 1.30% | 1.12% | -0.18% |
| Bandhan Bank Ltd. | 1.98% | 1.81% | -0.17% |
| Angel One Ltd. | 2.41% | 2.26% | -0.15% |
| Narayana Hrudayalaya Ltd. | 1.75% | 1.60% | -0.15% |
| PNB Housing Finance Ltd. | 2.47% | 2.62% | +0.15% |
| Aster DM Quality Care Ltd. | 2.60% | 2.46% | -0.14% |
| NBCC (India) Ltd. | 1.22% | 1.08% | -0.14% |
| Wockhardt Ltd. | 2.02% | 1.89% | -0.13% |
| Sona BLW Precision Forgings Ltd. | 4.30% | 4.43% | +0.13% |
| Tata Technologies Ltd | 1.60% | 1.73% | +0.13% |
| Inox Wind Ltd. | 0.94% | 0.82% | -0.12% |
| Computer Age Management Services Ltd. | 2.39% | 2.28% | -0.11% |
| Natco Pharma Ltd. | 1.03% | 0.92% | -0.11% |
| Cholamandalam Financial Holdings Ltd. | 1.90% | 1.79% | -0.11% |
| Piramal Pharma Ltd. | 1.52% | 1.62% | +0.10% |
| KEC International Ltd. | 0.76% | 0.66% | -0.10% |
| Hindustan Copper Ltd. | 2.01% | 2.10% | +0.09% |
| PG Electroplast Ltd. | 1.23% | 1.14% | -0.09% |
| Tata Chemicals Ltd. | 1.31% | 1.22% | -0.09% |
| Anand Rathi Wealth Ltd. | 2.31% | 2.39% | +0.08% |
| Central Depository Services (India) Ltd. | 2.96% | 3.04% | +0.08% |
| Kaynes Technology India Ltd. | 1.48% | 1.40% | -0.08% |
| Aegis Logistics Ltd. | 2.01% | 1.93% | -0.08% |
| Reliance Power Ltd. | 0.85% | 0.78% | -0.07% |
| Five-Star Business Finance Ltd. | 1.32% | 1.26% | -0.06% |
| IIFL Finance Ltd. | 1.77% | 1.83% | +0.06% |
| Amara Raja Energy & Mobility Ltd | 1.39% | 1.33% | -0.06% |
| Poonawalla Fincorp Ltd. | 2.06% | 2.01% | -0.05% |
| Indraprastha Gas Ltd. | 1.33% | 1.28% | -0.05% |
| Castrol India Ltd. | 1.11% | 1.07% | -0.04% |
| Cohance Lifesciences Ltd. | 0.86% | 0.90% | +0.04% |
| Karur Vysya Bank Ltd. | 4.03% | 3.99% | -0.04% |
| RBL Bank Ltd. | 2.89% | 2.86% | -0.03% |
| Affle 3I Ltd. | 1.25% | 1.23% | -0.02% |
| Dr. Lal Pathlabs Ltd. | 1.85% | 1.83% | -0.02% |
| KFin Technologies Ltd. | 1.56% | 1.58% | +0.02% |
| Syngene International Ltd. | 0.91% | 0.93% | +0.02% |
| Amber Enterprises India Ltd. | 2.03% | 2.02% | -0.01% |
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 | ₹982 Cr | 1.05% | 24.4% | 11.5% | 18.2% |
 Motilal Oswal Nifty Microcap 250 Index Fund | ₹2,494 Cr | 1.10% | 29.5% | 11.8% | — |
 Axis Nifty Smallcap 50 Index Fund | ₹783 Cr | 1.13% | 25.5% | 12.8% | — |
 Aditya Birla Sun Life Nifty Smallcap 50 Index Fund | ₹367 Cr | 1.11% | 25.6% | 13.0% | 18.2% |
 Edelweiss Nifty Smallcap 250 Index Fund | ₹285 Cr | 0.87% | 16.8% | 8.4% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to replicate the composition of the Nifty Smallcap 50 Index and to generate returns that are commensurate with the performance of the Nifty Small cap 50 Index, subject to tracking errors.
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.
- Jeetu Valechha SonarMr. Sonar is a Post Graduate Diploma in Management in Finance managementPrior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Ltd. and is part of Kotak Group since 2014.
- Satish DondapatiMr. Dondapati has done MBA FinancePrior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.
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 months29.04% absolute | ₹60,000 | ₹77,424 | 29.04% | |
| 1 year16.39% annualised | ₹1,20,000 | ₹1,31,206 | 9.34% | |
| 3 years18.67% annualised | ₹3,60,000 | ₹4,85,192 | 34.78% |
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 Nifty Smallcap 50 Index Fund?
The NAV of Kotak Nifty Smallcap 50 Index Fund is ₹22.62 as on 25 Sep 2026.
What is the expense ratio of Kotak Nifty Smallcap 50 Index Fund?
The expense ratio of Kotak Nifty Smallcap 50 Index Fund is 0.93% per year.
What is the minimum SIP amount for Kotak Nifty Smallcap 50 Index Fund?
You can start a SIP in Kotak Nifty Smallcap 50 Index Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak Nifty Smallcap 50 Index Fund?
Lock-in: None. Exit load: 0%.
How risky is Kotak Nifty Smallcap 50 Index Fund?
Kotak Nifty Smallcap 50 Index Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap Index category.
Which fund house manages Kotak Nifty Smallcap 50 Index Fund?
Kotak Nifty Smallcap 50 Index Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.