Kotak Services Fund
ThematicVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹10.18+0.42%1 day
- Return since launch
- 1.7%
- 52-week range
- ₹9.56 — ₹10.66
- AUM
- ₹757 Cr
Kotak Services Fund is a Thematic equity fund from Kotak Mahindra Mutual Fund with ₹757 Cr under management, launched in 2026. The expense ratio is 2.63% and the SEBI riskometer reading is Very High.
Performance
Kotak Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.7% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | +0.1 pts | -4.0% | -3.5% |
| 3M | -1.1% | −1.5 pts | 0.4% | -0.9% |
| 6M | 4.0% | −10.3 pts | 14.3% | 10.5% |
Since launch (4 Feb 2026): 1.7%
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
2.62%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.04%
- Brokerage
- 0.04%
- Transaction charges
- 0.01%
- Statutory levies
- 0.53%
- Exit load
- Exit load of 0.5%, if redeemed within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Services Sector 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.
Portfolio
Kotak Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.8%
- Other2.3%
Market cap split
- Large75.9%
- Mid5.2%
- Small18.9%
- P/E
- 18.94
- P/B
- 2.83
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 11.21% | ₹84.81 Cr | +9.78% | — | — |
| State Bank of India | Financial | 9.61% | ₹72.73 Cr | +9.11% | — | — |
| Axis Bank Ltd. | Financial | 8.66% | ₹65.53 Cr | +10.10% | — | — |
| Bharti Airtel Ltd. | Communication | 7.46% | ₹56.43 Cr | +8.10% | — | — |
| Titan Company Ltd. | Consumer Discretionary | 5.22% | ₹39.51 Cr | +4.25% | — | — |
| HDFC Bank Ltd. | Financial | 4.90% | ₹37.05 Cr | +1.92% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 4.78% | ₹36.16 Cr | +7.66% | — | — |
| PNB Housing Finance Ltd. | Financial | 4.31% | ₹32.61 Cr | +3.88% | — | — |
| Infosys Ltd. | Technology | 4.01% | ₹30.32 Cr | +4.35% | — | — |
| Bajaj Finance Ltd. | Financial | 3.72% | ₹28.15 Cr | +3.60% | — | — |
| Tech Mahindra Ltd. | Technology | 3.45% | ₹26.14 Cr | +2.40% | — | — |
| company:20795 | Technology | 2.37% | ₹17.90 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 2.24% | ₹16.98 Cr | +2.00% | — | — |
| Others | Others | 1.97% | ₹14.86 Cr | -0.19% | +24.68% | — |
| NTPC Ltd. | Energy | 1.78% | ₹13.47 Cr | +0.70% | — | — |
| HCL Technologies Ltd. | Technology | 1.67% | ₹12.61 Cr | +2.89% | — | — |
| company:5765 | Insurance | 1.66% | ₹12.54 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | 1.63% | ₹12.35 Cr | +1.23% | — | — |
| Global Health Ltd. | Healthcare | 1.38% | ₹10.45 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 1.33% | ₹10.06 Cr | — | — | — |
| Quadrant Future Tek Ltd. | Capital Goods | 1.25% | ₹9.49 Cr | +0.24% | — | — |
| Delhivery Ltd. | Services | 1.19% | ₹8.98 Cr | +1.10% | — | — |
| Angel One Ltd. | Financial | 1.12% | ₹8.46 Cr | +1.37% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.08% | ₹8.17 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.95% | ₹7.20 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.91% | ₹6.87 Cr | +0.75% | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.80% | ₹6.04 Cr | +1.26% | — | — |
| 360 One Wam Ltd. | Financial | 0.72% | ₹5.44 Cr | — | — | — |
| Sai Life Sciences Ltd. | Healthcare | 0.72% | ₹5.48 Cr | +0.08% | — | — |
| Tata Technologies Ltd | Services | 0.71% | ₹5.40 Cr | — | — | — |
| Container Corporation Of India Ltd. | Services | 0.63% | ₹4.79 Cr | +0.25% | — | — |
| Chalet Hotels Ltd. | Services | 0.61% | ₹4.64 Cr | — | — | — |
| Tata Communications Ltd. | Communication | 0.57% | ₹4.31 Cr | — | — | — |
| Emmvee Photovoltaic Power Ltd. | Energy | 0.56% | ₹4.26 Cr | +0.66% | — | — |
| Eternal Ltd. | Services | 0.54% | ₹4.08 Cr | +0.44% | — | — |
| Bank of Maharashtra | Financial | 0.49% | ₹3.69 Cr | — | — | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.44% | ₹3.34 Cr | — | — | — |
| company:805 | Services | 0.43% | ₹3.24 Cr | — | — | — |
| Metro Brands Ltd. | Consumer Discretionary | 0.41% | ₹3.13 Cr | +0.48% | — | — |
| Indus Towers Ltd. | Communication | 0.38% | ₹2.85 Cr | — | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.36% | ₹2.70 Cr | — | — | — |
| JNK India Ltd. | Capital Goods | 0.34% | ₹2.57 Cr | +0.30% | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.28% | ₹2.09 Cr | — | — | — |
| company:14552 | Services | 0.26% | ₹1.98 Cr | — | — | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.25% | ₹1.87 Cr | — | — | — |
| Graphite India Ltd. | Capital Goods | 0.17% | ₹1.26 Cr | — | — | — |
| Tata Power Company Ltd. | Energy | 0.13% | ₹0.98 Cr | — | — | — |
| company:9041 | Services | 0.12% | ₹0.93 Cr | — | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.11% | ₹0.80 Cr | +0.13% | — | — |
| company:14725 | Financial | 0.11% | ₹0.82 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 4.09% | -0.14% | -4.23% |
| company:20795 | 0.00% | 2.37% | +2.37% |
| company:5765 | 0.00% | 1.66% | +1.66% |
| Bajaj Finance Ltd. | 4.49% | 3.72% | -0.77% |
| ACME Solar Holdings Ltd. | 0.76% | 0.00% | -0.76% |
| Global Health Ltd. | 0.62% | 1.38% | +0.76% |
| Bharti Airtel Ltd. | 8.09% | 7.46% | -0.63% |
| Chalet Hotels Ltd. | 0.11% | 0.61% | +0.50% |
| company:805 | 0.00% | 0.43% | +0.43% |
| Oracle Financial Services Software Ltd. | 0.37% | 0.00% | -0.37% |
| PNB Housing Finance Ltd. | 3.94% | 4.31% | +0.37% |
| Power Grid Corporation Of India Ltd. | 5.14% | 4.78% | -0.36% |
| State Bank of India | 9.29% | 9.61% | +0.32% |
| 360 One Wam Ltd. | 0.43% | 0.72% | +0.29% |
| company:14552 | 0.00% | 0.26% | +0.26% |
| HDFC Bank Ltd. | 5.15% | 4.90% | -0.25% |
| Quadrant Future Tek Ltd. | 1.00% | 1.25% | +0.25% |
| Titan Company Ltd. | 4.98% | 5.22% | +0.24% |
| ICICI Bank Ltd. | 11.03% | 11.21% | +0.18% |
| Info Edge (India) Ltd. | 1.45% | 1.63% | +0.18% |
| Shriram Finance Ltd | 2.11% | 2.24% | +0.13% |
| Orchid Pharma Ltd. | 0.13% | 0.00% | -0.13% |
| Emmvee Photovoltaic Power Ltd. | 0.68% | 0.56% | -0.12% |
| company:9041 | 0.00% | 0.12% | +0.12% |
| company:14725 | 0.00% | 0.11% | +0.11% |
| Container Corporation Of India Ltd. | 0.52% | 0.63% | +0.11% |
| Axis Bank Ltd. | 8.55% | 8.66% | +0.11% |
| NTPC Ltd. | 1.88% | 1.78% | -0.10% |
| Sai Life Sciences Ltd. | 0.65% | 0.72% | +0.07% |
| Tata Technologies Ltd | 0.64% | 0.71% | +0.07% |
| Delhivery Ltd. | 1.25% | 1.19% | -0.06% |
| Metro Brands Ltd. | 0.47% | 0.41% | -0.06% |
| Motherson Sumi Wiring India Ltd. | 0.49% | 0.44% | -0.05% |
| Eternal Ltd. | 0.50% | 0.54% | +0.04% |
| HCL Technologies Ltd. | 1.71% | 1.67% | -0.04% |
| Tech Mahindra Ltd. | 3.49% | 3.45% | -0.04% |
| Angel One Ltd. | 1.16% | 1.12% | -0.04% |
| Aditya Birla Sun Life AMC Ltd. | 0.77% | 0.80% | +0.03% |
| Prudent Corporate Advisory Services Ltd. | 0.22% | 0.25% | +0.03% |
| L&T Finance Ltd. | 0.92% | 0.95% | +0.03% |
| Ujjivan Small Finance Bank Ltd. | 0.94% | 0.91% | -0.03% |
| Infosys Ltd. | 3.98% | 4.01% | +0.03% |
| Bank of Maharashtra | 0.47% | 0.49% | +0.02% |
| Krishna Institute of Medical Sciences Ltd | 0.38% | 0.36% | -0.02% |
| SBI Funds Management Ltd. | 1.35% | 1.33% | -0.02% |
| Cholamandalam Investment and Finance Company Ltd. | 1.07% | 1.08% | +0.01% |
| Graphite India Ltd. | 0.16% | 0.17% | +0.01% |
| Tata Communications Ltd. | 0.58% | 0.57% | -0.01% |
| Tata Power Company Ltd. | 0.14% | 0.13% | -0.01% |
| Crompton Greaves Consumer Electricals Ltd. | 0.12% | 0.11% | -0.01% |
| Brookfield India Real Estate Trust REIT | 0.28% | 0.28% | 0.00% |
| Indus Towers Ltd. | 0.38% | 0.38% | 0.00% |
| JNK India Ltd. | 0.34% | 0.34% | 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 | ₹3,954 Cr | 2.14% | 17.1% | 14.2% | 14.2% |
 HDFC Defence Fund | ₹11,478 Cr | 1.79% | 34.5% | 26.7% | — |
 ICICI Prudential Commodities Fund | ₹4,277 Cr | 1.96% | 6.2% | 10.4% | 14.6% |
| ICICI Prudential Exports and Services Fund | ₹1,549 Cr | 2.30% | 1.2% | 6.5% | 12.4% |
 SBI Comma Fund | ₹1,237 Cr | 2.28% | 7.8% | 10.1% | 13.0% |
 Edelweiss Recently Listed IPO Fund | ₹1,230 Cr | 2.36% | 35.9% | 17.3% | 16.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies belonging to the services industry.
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.
- Rohit TandonMr. Tandon has done B.E.(Mechanical) and PGDM from IIM-BPrior to joining Kotak Mahindra Mutual Fund, he has worked with Reliance Nippon Life Insurance, Max Life Insurance and JP Morgan India
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 months3.97% absolute | ₹60,000 | ₹62,382 | 3.97% |
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 Services Fund?
The NAV of Kotak Services Fund is ₹10.18 as on 25 Sep 2026.
What is the expense ratio of Kotak Services Fund?
The expense ratio of Kotak Services Fund is 2.63% per year.
What is the minimum SIP amount for Kotak Services Fund?
You can start a SIP in Kotak Services Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak Services Fund?
Lock-in: None. Exit load: Exit load of 0.5%, if redeemed within 90 days..
How risky is Kotak Services Fund?
Kotak Services Fund is rated Very High on the SEBI riskometer and belongs to the Thematic category.
Which fund house manages Kotak Services Fund?
Kotak Services Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.