Kotak Pioneer Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹34.66-0.14%1 day
- Return since launch
- 19.4%
- 52-week range
- ₹28.44 — ₹36.20
- AUM
- ₹4,295 Cr
Kotak Pioneer Fund is a Thematic-Innovation equity fund from Kotak Mahindra Mutual Fund with ₹4,295 Cr under management, launched in 2019. Over three years it has returned 11.5% a year, against 14.4% for its category. The expense ratio is 1.90% and the SEBI riskometer reading is Very High.
Performance
Kotak Pioneer Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +7.4% against +6.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.4% | +3.2 pts | 8.2% | 14.0% |
| 2Y | 10.6% | −0.2 pts | 10.9% | 10.1% |
| 3Y | 11.5% | −2.9 pts | 14.4% | 10.3% |
| 5Y | 15.6% | +4.7 pts | 10.9% | 13.6% |
| 7Y | 17.6% | 0.0 pts | 17.6% | 15.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.4% | −3.9 pts | 3.5% | 3.7% |
| 3M | -2.6% | −2.2 pts | -0.4% | -1.2% |
| 6M | 5.4% | −4.3 pts | 9.7% | 8.2% |
| 1Y | 7.5% | −0.6 pts | 8.2% | 6.9% |
| 2Y | 8.3% | +2.4 pts | 5.9% | 5.9% |
| 3Y | 17.7% | +3.3 pts | 14.4% | 15.9% |
| 5Y | 12.2% | +1.3 pts | 10.9% | 9.9% |
| 7Y | 19.4% | 0.0 pts | 19.4% | 17.4% |
Since launch (9 Oct 2019): 19.4%
Calendar-year returns
Category average33.1%
36.1%
-8.4%
36.7%
28.3%
6.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.2% | +3.8 pts | 2.4% |
| 2024 | 28.3% | −0.5 pts | 28.8% |
| 2023 | 36.7% | +4.5 pts | 32.2% |
| 2022 | -8.4% | +1.1 pts | -9.4% |
| 2021 | 36.1% | −0.9 pts | 37.0% |
| 2020 | 33.1% | −2.4 pts | 35.5% |
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
1.90%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.31%
- 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
- NA
- 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 | 7.55 | 5.29 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.90 | 0.94 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.78 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.00 | 0.87 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.63 | 16.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Kotak Pioneer Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.5%
- Other5.5%
Market cap split
- Large32.8%
- Mid40.8%
- Small26.4%
- P/E
- 46.12
- P/B
- 5.68
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF USD | Unclassified | 16.33% | ₹701 Cr | +17.57% | +17.08% | +17.17% |
| Eternal Ltd. | Services | 5.53% | ₹238 Cr | +5.07% | +4.62% | +4.83% |
| Others | Others | 5.47% | ₹234 Cr | -0.16% | -0.26% | -0.38% |
| INDO-MIM Ltd. | Capital Goods | 4.92% | ₹211 Cr | — | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 3.65% | ₹157 Cr | +3.05% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 2.94% | ₹126 Cr | +3.67% | +3.93% | +3.61% |
| Aditya Infotech Ltd. | Communication | 2.90% | ₹125 Cr | +3.05% | +1.90% | — |
| ICICI Bank Ltd. | Financial | 2.66% | ₹114 Cr | +3.07% | +3.38% | +1.67% |
| Interglobe Aviation Ltd. | Services | 2.41% | ₹103 Cr | +2.88% | +2.65% | +3.24% |
| Capillary Technologies India Ltd. | Technology | 2.15% | ₹92.51 Cr | +1.96% | +1.35% | — |
| Bharti Hexacom Ltd. | Communication | 2.05% | ₹88.21 Cr | +2.37% | +3.03% | +3.26% |
| Maruti Suzuki India Ltd. | Automobile | 2.01% | ₹86.16 Cr | +2.62% | +2.87% | +3.11% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 1.98% | ₹84.85 Cr | +2.06% | +1.65% | +1.72% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.89% | ₹81.04 Cr | +2.28% | +2.19% | +2.41% |
| UNO Minda Ltd. | Automobile | 1.83% | ₹78.51 Cr | +1.88% | +2.58% | +3.18% |
| Titan Company Ltd. | Consumer Discretionary | 1.82% | ₹77.98 Cr | +1.93% | +2.18% | +1.82% |
| Info Edge (India) Ltd. | Services | 1.79% | ₹76.83 Cr | +1.09% | +1.35% | +1.25% |
| Reliance Industries Ltd. | Energy | 1.77% | ₹75.97 Cr | +2.14% | +2.79% | +2.77% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.63% | ₹70.09 Cr | +1.65% | +1.68% | +2.26% |
| 360 One Wam Ltd. | Financial | 1.60% | ₹68.76 Cr | +1.85% | +2.06% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.58% | ₹67.85 Cr | +1.82% | +2.20% | +2.50% |
| Solar Industries India Ltd. | Chemicals | 1.58% | ₹67.99 Cr | +1.67% | +1.35% | +1.46% |
| PB Fintech Ltd. | Services | 1.53% | ₹65.54 Cr | +2.09% | +1.74% | +1.38% |
| Vishal Mega Mart Ltd. | Services | 1.42% | ₹61.11 Cr | +1.84% | +2.07% | +2.97% |
| KFin Technologies Ltd. | Financial | 1.37% | ₹59.03 Cr | — | — | — |
| Avenue Supermarts Ltd. | Services | 1.32% | ₹56.85 Cr | +1.69% | +1.92% | +2.13% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.31% | ₹56.38 Cr | +1.59% | +1.97% | +1.89% |
| Mankind Pharma Ltd. | Healthcare | 1.27% | ₹54.74 Cr | +1.44% | +1.42% | +1.69% |
| GE Vernova T&D India Ltd | Capital Goods | 1.23% | ₹52.93 Cr | +1.61% | +2.28% | +2.82% |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.22% | ₹52.25 Cr | +1.60% | +1.96% | +2.28% |
| SBI Life Insurance Company Ltd. | Insurance | 1.19% | ₹50.89 Cr | +1.37% | +1.73% | +1.71% |
| Happy Forgings Ltd. | Metals & Mining | 1.17% | ₹50.41 Cr | +0.97% | +0.91% | +0.71% |
| AIA Engineering Ltd. | Metals & Mining | 1.04% | ₹44.64 Cr | +1.51% | +1.36% | +1.12% |
| Anthem Biosciences Ltd. | Healthcare | 0.99% | ₹42.70 Cr | +0.99% | +1.06% | +1.90% |
| Geninnov Global Master Fund | Unclassified | 0.99% | ₹42.69 Cr | +1.08% | +1.50% | +0.03% |
| Minda Corporation Ltd. | Automobile | 0.97% | ₹41.57 Cr | +1.08% | +0.98% | +1.09% |
| Swiggy Ltd. | Services | 0.92% | ₹39.36 Cr | +0.66% | +0.91% | +1.08% |
| TVS Motor Company Ltd. | Automobile | 0.91% | ₹39.28 Cr | +0.85% | +1.04% | — |
| Schaeffler India Ltd. | Capital Goods | 0.89% | ₹38.39 Cr | +1.07% | +1.23% | +1.32% |
| HDFC Bank Ltd. | Financial | 0.87% | ₹37.56 Cr | +1.09% | +1.26% | +1.60% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.80% | ₹34.31 Cr | +1.06% | +0.93% | +1.39% |
| Shiprocket Ltd. | Technology | 0.79% | ₹34.07 Cr | — | — | — |
| Rolex Rings Ltd | Capital Goods | 0.77% | ₹33.06 Cr | +0.74% | +0.73% | +0.83% |
| Jubilant Ingrevia Ltd. | Chemicals | 0.75% | ₹32.15 Cr | +0.77% | +0.87% | +1.00% |
| Mahindra Lifespace Developers Ltd. | Construction | 0.69% | ₹29.72 Cr | +0.78% | +0.79% | +0.93% |
| Shadowfax Technologies Ltd. | Services | 0.69% | ₹29.73 Cr | — | — | — |
| Medplus Health Services Ltd. | Healthcare | 0.60% | ₹25.79 Cr | +0.82% | +1.07% | +0.95% |
| Carborundum Universal Ltd. | Metals & Mining | 0.59% | ₹25.52 Cr | +0.62% | +0.51% | +0.60% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 0.57% | ₹24.38 Cr | +0.58% | +0.64% | +0.68% |
| 3M India Ltd. | Consumer Staples | 0.52% | ₹22.51 Cr | +0.59% | +0.68% | +0.65% |
| Physicswallah Ltd. | Services | 0.50% | ₹21.41 Cr | +1.09% | +0.96% | — |
| Cyient Ltd. | Technology | 0.48% | ₹20.57 Cr | +0.43% | +0.50% | +0.75% |
| Trent Ltd. | Services | 0.43% | ₹18.29 Cr | +1.33% | +1.12% | +1.56% |
| CMS Info Systems Ltd. | Services | 0.38% | ₹16.49 Cr | +0.54% | +0.66% | +0.67% |
| Brainbees Solutions Ltd. | Consumer Discretionary | 0.25% | ₹10.57 Cr | +0.34% | +0.40% | +0.68% |
| Tracxn Technologies Ltd. | Technology | 0.09% | ₹3.98 Cr | +0.09% | +0.10% | +0.19% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| INDO-MIM Ltd. | 3.48% | 4.92% | +1.44% |
| PB Fintech Ltd. | 2.70% | 1.53% | -1.17% |
| iShares NASDAQ 100 UCITS ETF USD | 15.83% | 16.33% | +0.50% |
| ICICI Bank Ltd. | 2.94% | 2.66% | -0.28% |
| Maruti Suzuki India Ltd. | 2.28% | 2.01% | -0.27% |
| Aster DM Quality Care Ltd. | 3.20% | 2.94% | -0.26% |
| Capillary Technologies India Ltd. | 1.90% | 2.15% | +0.25% |
| Dixon Technologies (India) Ltd. | 1.86% | 1.63% | -0.23% |
| 360 One Wam Ltd. | 1.83% | 1.60% | -0.23% |
| KFin Technologies Ltd. | 1.59% | 1.37% | -0.22% |
| Titan Company Ltd. | 2.03% | 1.82% | -0.21% |
| Happy Forgings Ltd. | 1.37% | 1.17% | -0.20% |
| Aditya Infotech Ltd. | 2.70% | 2.90% | +0.20% |
| Bharti Hexacom Ltd. | 2.24% | 2.05% | -0.19% |
| Mahindra & Mahindra Ltd. | 1.76% | 1.58% | -0.18% |
| UNO Minda Ltd. | 2.00% | 1.83% | -0.17% |
| Eternal Ltd. | 5.69% | 5.53% | -0.16% |
| Vishal Mega Mart Ltd. | 1.56% | 1.42% | -0.14% |
| Info Edge (India) Ltd. | 1.93% | 1.79% | -0.14% |
| Reliance Industries Ltd. | 1.91% | 1.77% | -0.14% |
| Shiprocket Ltd. | 0.92% | 0.79% | -0.13% |
| Interglobe Aviation Ltd. | 2.54% | 2.41% | -0.13% |
| Swiggy Ltd. | 1.04% | 0.92% | -0.12% |
| AIA Engineering Ltd. | 1.15% | 1.04% | -0.11% |
| Lenskart Solutions Ltd. | 3.54% | 3.65% | +0.11% |
| Vijaya Diagnostic Centre Ltd. | 2.09% | 1.98% | -0.11% |
| GE Vernova T&D India Ltd | 1.31% | 1.23% | -0.08% |
| Godrej Consumer Products Ltd. | 1.29% | 1.22% | -0.07% |
| Aptus Value Housing Finance India Ltd. | 0.86% | 0.80% | -0.06% |
| Carborundum Universal Ltd. | 0.53% | 0.59% | +0.06% |
| TVS Motor Company Ltd. | 0.97% | 0.91% | -0.06% |
| Anthem Biosciences Ltd. | 1.04% | 0.99% | -0.05% |
| Shadowfax Technologies Ltd. | 0.64% | 0.69% | +0.05% |
| Avenue Supermarts Ltd. | 1.36% | 1.32% | -0.04% |
| Rolex Rings Ltd | 0.73% | 0.77% | +0.04% |
| Solar Industries India Ltd. | 1.62% | 1.58% | -0.04% |
| CMS Info Systems Ltd. | 0.42% | 0.38% | -0.04% |
| Trent Ltd. | 0.47% | 0.43% | -0.04% |
| Cyient Ltd. | 0.51% | 0.48% | -0.03% |
| Jubilant Ingrevia Ltd. | 0.78% | 0.75% | -0.03% |
| Krishna Institute of Medical Sciences Ltd | 1.92% | 1.89% | -0.03% |
| Mankind Pharma Ltd. | 1.24% | 1.27% | +0.03% |
| Minda Corporation Ltd. | 1.00% | 0.97% | -0.03% |
| Physicswallah Ltd. | 0.47% | 0.50% | +0.03% |
| SBI Life Insurance Company Ltd. | 1.22% | 1.19% | -0.03% |
| Schaeffler India Ltd. | 0.92% | 0.89% | -0.03% |
| 3M India Ltd. | 0.54% | 0.52% | -0.02% |
| Medplus Health Services Ltd. | 0.62% | 0.60% | -0.02% |
| Ratnamani Metals & Tubes Ltd. | 0.55% | 0.57% | +0.02% |
| Geninnov Global Master Fund | 0.98% | 0.99% | +0.01% |
| HDFC Bank Ltd. | 0.88% | 0.87% | -0.01% |
| ICICI Lombard General Insurance Company Ltd. | 1.30% | 1.31% | +0.01% |
| Mahindra Lifespace Developers Ltd. | 0.70% | 0.69% | -0.01% |
| Others | -0.22% | -0.21% | +0.01% |
| Brainbees Solutions Ltd. | 0.25% | 0.25% | 0.00% |
| Tracxn Technologies Ltd. | 0.09% | 0.09% | 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 | ₹3,245 Cr | 2.21% | 14.9% | 10.5% | 14.9% |
 ICICI Prudential Innovation Fund | ₹7,434 Cr | 2.16% | 5.1% | 7.8% | — |
 Nippon India Innovation Fund | ₹2,923 Cr | 2.10% | 5.8% | 5.8% | — |
 Axis Innovation Fund | ₹1,315 Cr | 2.27% | 24.9% | 14.3% | 14.9% |
 Union Innovation & Opportunities Fund | ₹1,307 Cr | 2.31% | 23.9% | 14.2% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.
Fund managers
- Harish BihaniMr. Bihani has done MBA in FinancePrior to joining Kotak Mutual Fund, he has worked with ICICI Prudential Mutual Fund, SBI Mutual Fund, Kotak Instituitional Equities, CIMB Securities, RBS Equities India Pvt. Ltd., Indiabulls Securities Ltd. and Reliance Equities International Pvt. Ltd.
- 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 months5.37% absolute | ₹60,000 | ₹63,222 | 5.37% | |
| 1 year7.52% annualised | ₹1,20,000 | ₹1,25,002 | 4.17% | |
| 3 years17.68% annualised | ₹3,60,000 | ₹4,77,325 | 32.59% | |
| 5 years12.22% annualised | ₹6,00,000 | ₹8,29,893 | 38.32% |
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 Pioneer Fund?
The NAV of Kotak Pioneer Fund is ₹34.66 as on 6 Nov 2026.
What is the expense ratio of Kotak Pioneer Fund?
The expense ratio of Kotak Pioneer Fund is 1.90% per year.
What is the minimum SIP amount for Kotak Pioneer Fund?
You can start a SIP in Kotak Pioneer Fund with ₹3,000 a month.
What returns has Kotak Pioneer Fund given?
Kotak Pioneer Fund has returned 11.4% over 1 year, 11.5% over 3 years and 15.6% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Pioneer Fund?
Lock-in: None. Exit load: 0.5% for redemption within 90 Days.
How risky is Kotak Pioneer Fund?
Kotak Pioneer Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Kotak Pioneer Fund?
Kotak Pioneer Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.