Kotak Pioneer Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹35.64-1.55%1 day
- Return since launch
- 20.4%
- 52-week range
- ₹28.44 — ₹35.98
- AUM
- ₹4,281 Cr
Kotak Pioneer Fund is a Thematic-Innovation equity fund from Kotak Mahindra Mutual Fund with ₹4,281 Cr under management, launched in 2019. Over three years it has returned 15.1% a year, against 17.1% for its category. The expense ratio is 1.92% 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 +12.7% against +10.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 19.9% | +10.1 pts | 9.8% | 14.2% |
| 2Y | 14.5% | +3.6 pts | 10.9% | 10.0% |
| 3Y | 15.1% | −2.0 pts | 17.1% | 11.3% |
| 5Y | 17.6% | +5.5 pts | 12.1% | 14.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.4% | +2.1 pts | -2.5% | -2.9% |
| 3M | 5.5% | −0.1 pts | 5.7% | 4.2% |
| 6M | 20.8% | −1.6 pts | 22.3% | 20.5% |
| 1Y | 9.8% | 0.0 pts | 9.8% | 8.5% |
| 2Y | 6.1% | +3.8 pts | 2.4% | 2.6% |
| 3Y | 19.5% | +2.4 pts | 17.1% | 15.9% |
| 5Y | 14.0% | +1.9 pts | 12.1% | 10.7% |
Since launch (9 Oct 2019): 20.4%
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
1.91%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.56%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- 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 | 6.87 | 6.41 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 0.88 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.86 | 0.84 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.06 | 1.19 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.27 | 14.79 | 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 31 Aug 2026
Asset allocation
- Equity97.3%
- Other2.7%
Market cap split
- Large33.5%
- Mid40.9%
- Small25.6%
- P/E
- 49.35
- P/B
- 6.12
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF USD | Unclassified | 15.83% | ₹678 Cr | +18.73% | +16.97% | +16.69% |
| Eternal Ltd. | Services | 5.69% | ₹244 Cr | +4.64% | +4.62% | +4.81% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 3.54% | ₹152 Cr | +3.26% | +0.48% | — |
| INDO-MIM Ltd. | Capital Goods | 3.48% | ₹149 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 3.20% | ₹137 Cr | +3.58% | +3.57% | +3.56% |
| ICICI Bank Ltd. | Financial | 2.94% | ₹126 Cr | +2.95% | +2.83% | +1.79% |
| Others | Others | 2.71% | ₹116 Cr | -0.38% | +1.02% | -0.04% |
| Aditya Infotech Ltd. | Communication | 2.70% | ₹116 Cr | +2.55% | +1.66% | — |
| PB Fintech Ltd. | Services | 2.70% | ₹116 Cr | +1.74% | +1.68% | +1.49% |
| Interglobe Aviation Ltd. | Services | 2.54% | ₹109 Cr | +2.48% | +2.66% | +3.38% |
| Maruti Suzuki India Ltd. | Automobile | 2.28% | ₹97.54 Cr | +2.56% | +3.22% | +2.96% |
| Bharti Hexacom Ltd. | Communication | 2.24% | ₹95.71 Cr | +2.51% | +3.00% | +3.60% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 2.09% | ₹89.61 Cr | +2.09% | +1.79% | +1.78% |
| Titan Company Ltd. | Consumer Discretionary | 2.03% | ₹86.74 Cr | +1.88% | +2.22% | +2.02% |
| UNO Minda Ltd. | Automobile | 2.00% | ₹85.63 Cr | +2.01% | +2.76% | +3.23% |
| Info Edge (India) Ltd. | Services | 1.93% | ₹82.72 Cr | +1.16% | +1.33% | +1.33% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.92% | ₹82.03 Cr | +2.23% | +2.44% | +2.57% |
| Reliance Industries Ltd. | Energy | 1.91% | ₹81.73 Cr | +2.29% | +2.69% | +2.85% |
| Capillary Technologies India Ltd. | Technology | 1.90% | ₹81.52 Cr | +1.20% | +0.86% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.86% | ₹79.45 Cr | +1.67% | +1.70% | +2.38% |
| 360 One Wam Ltd. | Financial | 1.83% | ₹78.44 Cr | +2.00% | +0.46% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.76% | ₹75.49 Cr | +1.90% | +2.35% | +2.41% |
| Solar Industries India Ltd. | Chemicals | 1.62% | ₹69.39 Cr | +1.71% | +1.40% | +1.56% |
| company:17868 | Financial | 1.59% | ₹68.16 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 1.56% | ₹66.95 Cr | +2.00% | +2.15% | +3.07% |
| Happy Forgings Ltd. | Metals & Mining | 1.37% | ₹58.82 Cr | +0.92% | +0.98% | +0.72% |
| Avenue Supermarts Ltd. | Services | 1.36% | ₹58.32 Cr | +1.64% | +1.73% | +2.33% |
| GE Vernova T&D India Ltd | Capital Goods | 1.31% | ₹56.01 Cr | +1.76% | +2.78% | +2.73% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.30% | ₹55.56 Cr | +1.72% | +2.03% | +1.90% |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.29% | ₹55.41 Cr | +1.72% | +2.26% | +2.50% |
| Mankind Pharma Ltd. | Healthcare | 1.24% | ₹52.89 Cr | +1.41% | +1.48% | +1.77% |
| SBI Life Insurance Company Ltd. | Insurance | 1.22% | ₹52.22 Cr | +1.49% | +1.84% | +1.77% |
| AIA Engineering Ltd. | Metals & Mining | 1.15% | ₹49.13 Cr | +1.41% | +1.34% | +1.16% |
| Anthem Biosciences Ltd. | Healthcare | 1.04% | ₹44.42 Cr | +1.03% | +1.05% | +2.10% |
| Swiggy Ltd. | Services | 1.04% | ₹44.37 Cr | +0.75% | +0.98% | +1.08% |
| Minda Corporation Ltd. | Automobile | 1.00% | ₹42.75 Cr | +1.02% | +1.00% | +0.98% |
| Geninnov Global Master Fund | Unclassified | 0.98% | ₹41.96 Cr | +1.12% | +0.50% | — |
| TVS Motor Company Ltd. | Automobile | 0.97% | ₹41.53 Cr | +0.87% | +1.12% | — |
| Schaeffler India Ltd. | Capital Goods | 0.92% | ₹39.55 Cr | +1.10% | +1.29% | +1.25% |
| company:20795 | Technology | 0.92% | ₹39.38 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 0.88% | ₹37.58 Cr | +1.07% | +1.42% | +1.65% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.86% | ₹36.71 Cr | +1.04% | +1.08% | — |
| Jubilant Ingrevia Ltd. | Chemicals | 0.78% | ₹33.22 Cr | +0.86% | +0.87% | +1.16% |
| Rolex Rings Ltd | Capital Goods | 0.73% | ₹31.40 Cr | +0.73% | +0.82% | +0.91% |
| Mahindra Lifespace Developers Ltd. | Construction | 0.70% | ₹30.17 Cr | +0.74% | +0.89% | +0.95% |
| Shadowfax Technologies Ltd. | Services | 0.64% | ₹27.42 Cr | — | — | — |
| Medplus Health Services Ltd. | Healthcare | 0.62% | ₹26.47 Cr | +0.96% | +1.01% | +1.09% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 0.55% | ₹23.70 Cr | +0.62% | +0.66% | +0.70% |
| 3M India Ltd. | Consumer Staples | 0.54% | ₹23.32 Cr | +0.62% | +0.79% | +0.71% |
| Carborundum Universal Ltd. | Metals & Mining | 0.53% | ₹22.54 Cr | +0.57% | +0.51% | +0.61% |
| Cyient Ltd. | Technology | 0.51% | ₹21.95 Cr | +0.51% | +0.57% | +0.79% |
| Physicswallah Ltd. | Services | 0.47% | ₹20.16 Cr | +0.98% | — | — |
| Trent Ltd. | Services | 0.47% | ₹20.09 Cr | +1.20% | +1.23% | +1.82% |
| CMS Info Systems Ltd. | Services | 0.42% | ₹18.14 Cr | +0.63% | +0.70% | +0.76% |
| Brainbees Solutions Ltd. | Consumer Discretionary | 0.25% | ₹10.72 Cr | +0.36% | +0.38% | +0.70% |
| Tracxn Technologies Ltd. | Technology | 0.09% | ₹3.65 Cr | +0.10% | +0.12% | +0.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:17868 | 0.00% | 1.59% | +1.59% |
| company:20795 | 0.00% | 0.92% | +0.92% |
| Aster DM Quality Care Ltd. | 3.70% | 3.20% | -0.50% |
| Happy Forgings Ltd. | 1.00% | 1.37% | +0.37% |
| Godrej Consumer Products Ltd. | 1.64% | 1.29% | -0.35% |
| Lenskart Solutions Ltd. | 3.20% | 3.54% | +0.34% |
| Maruti Suzuki India Ltd. | 2.55% | 2.28% | -0.27% |
| Krishna Institute of Medical Sciences Ltd | 2.17% | 1.92% | -0.25% |
| PB Fintech Ltd. | 2.45% | 2.70% | +0.25% |
| Bharti Hexacom Ltd. | 2.47% | 2.24% | -0.23% |
| INDO-MIM Ltd. | 3.28% | 3.48% | +0.20% |
| Mahindra & Mahindra Ltd. | 1.94% | 1.76% | -0.18% |
| SBI Life Insurance Company Ltd. | 1.40% | 1.22% | -0.18% |
| AIA Engineering Ltd. | 1.32% | 1.15% | -0.17% |
| Reliance Industries Ltd. | 2.08% | 1.91% | -0.17% |
| ICICI Bank Ltd. | 3.09% | 2.94% | -0.15% |
| Capillary Technologies India Ltd. | 2.04% | 1.90% | -0.14% |
| Rolex Rings Ltd | 0.59% | 0.73% | +0.14% |
| ICICI Lombard General Insurance Company Ltd. | 1.43% | 1.30% | -0.13% |
| Interglobe Aviation Ltd. | 2.67% | 2.54% | -0.13% |
| Cyient Ltd. | 0.39% | 0.51% | +0.12% |
| Jubilant Ingrevia Ltd. | 0.90% | 0.78% | -0.12% |
| Vijaya Diagnostic Centre Ltd. | 1.97% | 2.09% | +0.12% |
| Eternal Ltd. | 5.58% | 5.69% | +0.11% |
| Mahindra Lifespace Developers Ltd. | 0.81% | 0.70% | -0.11% |
| Others | -0.11% | -0.22% | -0.11% |
| HDFC Bank Ltd. | 0.99% | 0.88% | -0.11% |
| Mankind Pharma Ltd. | 1.34% | 1.24% | -0.10% |
| Aptus Value Housing Finance India Ltd. | 0.96% | 0.86% | -0.10% |
| Avenue Supermarts Ltd. | 1.46% | 1.36% | -0.10% |
| Schaeffler India Ltd. | 1.00% | 0.92% | -0.08% |
| Physicswallah Ltd. | 0.54% | 0.47% | -0.07% |
| Swiggy Ltd. | 1.11% | 1.04% | -0.07% |
| CMS Info Systems Ltd. | 0.49% | 0.42% | -0.07% |
| Medplus Health Services Ltd. | 0.69% | 0.62% | -0.07% |
| TVS Motor Company Ltd. | 1.03% | 0.97% | -0.06% |
| Brainbees Solutions Ltd. | 0.31% | 0.25% | -0.06% |
| 3M India Ltd. | 0.60% | 0.54% | -0.06% |
| iShares NASDAQ 100 UCITS ETF USD | 15.88% | 15.83% | -0.05% |
| Minda Corporation Ltd. | 1.05% | 1.00% | -0.05% |
| Trent Ltd. | 0.52% | 0.47% | -0.05% |
| Vishal Mega Mart Ltd. | 1.61% | 1.56% | -0.05% |
| 360 One Wam Ltd. | 1.88% | 1.83% | -0.05% |
| Anthem Biosciences Ltd. | 1.00% | 1.04% | +0.04% |
| GE Vernova T&D India Ltd | 1.35% | 1.31% | -0.04% |
| Solar Industries India Ltd. | 1.58% | 1.62% | +0.04% |
| Titan Company Ltd. | 2.06% | 2.03% | -0.03% |
| Ratnamani Metals & Tubes Ltd. | 0.52% | 0.55% | +0.03% |
| UNO Minda Ltd. | 1.97% | 2.00% | +0.03% |
| Aditya Infotech Ltd. | 2.73% | 2.70% | -0.03% |
| Carborundum Universal Ltd. | 0.54% | 0.53% | -0.01% |
| Dixon Technologies (India) Ltd. | 1.87% | 1.86% | -0.01% |
| Info Edge (India) Ltd. | 1.92% | 1.93% | +0.01% |
| Geninnov Global Master Fund | 0.98% | 0.98% | 0.00% |
| Shadowfax Technologies Ltd. | 0.64% | 0.64% | 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 | ₹3,457 Cr | 2.22% | 16.0% | 11.8% | 15.4% |
 ICICI Prudential Innovation Fund | ₹8,012 Cr | 2.18% | 4.7% | 9.2% | — |
 Nippon India Innovation Fund | ₹3,108 Cr | 2.07% | 7.5% | 7.5% | — |
 Axis Innovation Fund | ₹1,363 Cr | 2.28% | 27.8% | 15.6% | 15.4% |
 Union Innovation & Opportunities Fund | ₹1,344 Cr | 2.36% | 24.0% | 14.9% | — |
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.
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 months20.76% absolute | ₹60,000 | ₹72,456 | 20.76% | |
| 1 year9.79% annualised | ₹1,20,000 | ₹1,26,558 | 5.46% | |
| 3 years19.46% annualised | ₹3,60,000 | ₹4,91,583 | 36.55% | |
| 5 years14.01% annualised | ₹6,00,000 | ₹8,72,251 | 45.38% |
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 ₹35.64 as on 24 Sep 2026.
What is the expense ratio of Kotak Pioneer Fund?
The expense ratio of Kotak Pioneer Fund is 1.92% 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 19.9% over 1 year, 15.1% over 3 years and 17.6% 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 94 schemes with ₹6,09,561 Cr under management.