Kotak Special Opportunities Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹10.79-1.00%1 day
- Return since launch
- 3.2%
- 52-week range
- ₹8.52 — ₹11.68
- AUM
- ₹1,920 Cr
Kotak Special Opportunities Fund is a Equity Opportunities equity fund from Kotak Mahindra Mutual Fund with ₹1,920 Cr under management, launched in 2024. The expense ratio is 2.32% and the SEBI riskometer reading is Very High.
Performance
Kotak Special Opportunities Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.8% against -1.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.0% | +8.5 pts | 3.6% | 4.8% |
| 2Y | 10.3% | +4.7 pts | 5.5% | 2.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -6.0% | −7.9 pts | 1.9% | 4.2% |
| 3M | -3.9% | −2.5 pts | -1.4% | -1.5% |
| 6M | 4.7% | +1.5 pts | 3.3% | 3.8% |
| 1Y | 9.8% | +6.2 pts | 3.6% | -1.7% |
| 2Y | 3.5% | +1.8 pts | 1.7% | -0.2% |
Since launch (10 Jun 2024): 3.2%
Calendar-year returns
Category average0.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.9% | −2.3 pts | 3.2% |
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
2.29%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.78%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.46%
- 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 500 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 Special Opportunities Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.2%
- Other2.8%
Market cap split
- Large12.9%
- Mid24.0%
- Small63.1%
- P/E
- 22.60
- P/B
- 3.01
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd. | Automobile | 3.93% | ₹75.39 Cr | +3.91% | +5.54% | +8.40% |
| Sun TV Network Ltd. | Services | 3.43% | ₹65.81 Cr | +2.81% | +3.67% | +2.23% |
| Hero Motocorp Ltd. | Automobile | 3.33% | ₹63.94 Cr | +4.00% | +6.32% | +6.10% |
| Jyoti CNC Automation Ltd. | Capital Goods | 3.28% | ₹63.07 Cr | +3.22% | +3.55% | +2.76% |
| PVR Inox Ltd. | Services | 2.93% | ₹56.22 Cr | +3.06% | +3.46% | +2.75% |
| Carborundum Universal Ltd. | Metals & Mining | 2.87% | ₹55.11 Cr | +3.55% | +2.77% | +1.14% |
| Vodafone Idea Ltd. | Communication | 2.87% | ₹55.04 Cr | — | — | — |
| MTAR Technologies Ltd. | Capital Goods | 2.84% | ₹54.58 Cr | — | — | +2.97% |
| One 97 Communications Ltd. | Services | 2.82% | ₹54.25 Cr | — | — | — |
| Azad Engineering Ltd. | Capital Goods | 2.78% | ₹53.34 Cr | +2.87% | +2.71% | +1.88% |
| Others | Others | 2.76% | ₹53.63 Cr | -0.42% | -0.80% | -0.64% |
| Indus Towers Ltd. | Communication | 2.72% | ₹52.27 Cr | +3.49% | +4.41% | +2.44% |
| United Foodbrands Ltd. | Services | 2.70% | ₹51.77 Cr | +2.04% | — | — |
| INDO-MIM Ltd. | Capital Goods | 2.63% | ₹50.47 Cr | — | — | — |
| Marksans Pharma Ltd. | Healthcare | 2.57% | ₹49.31 Cr | +4.76% | +3.34% | +2.23% |
| Orchid Pharma Ltd. | Healthcare | 2.53% | ₹48.63 Cr | +2.85% | +1.67% | +1.49% |
| Poonawalla Fincorp Ltd. | Financial | 2.52% | ₹48.30 Cr | +2.83% | +2.80% | +3.56% |
| NLC India Ltd. | Energy | 2.45% | ₹47.11 Cr | +3.97% | +5.01% | +3.87% |
| Indusind Bank Ltd. | Financial | 2.44% | ₹46.87 Cr | +3.92% | +4.39% | +2.95% |
| Engineers India Ltd. | Construction | 2.34% | ₹44.89 Cr | — | — | — |
| Park Medi World Ltd. | Healthcare | 2.24% | ₹42.98 Cr | +3.66% | +2.75% | — |
| Viyash Scientific Limited | Healthcare | 2.17% | ₹41.71 Cr | — | — | — |
| Indigo Paints Ltd. | Materials | 2.10% | ₹40.32 Cr | +2.57% | +2.13% | +2.53% |
| Midwest Ltd. | Materials | 2.02% | ₹38.74 Cr | +3.71% | +4.01% | — |
| Swiggy Ltd. | Services | 2.02% | ₹38.77 Cr | +1.56% | +2.11% | — |
| Jana Small Finance Bank Ltd. | Financial | 1.95% | ₹37.47 Cr | +1.81% | +1.61% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.94% | ₹37.25 Cr | +2.53% | +2.40% | +1.88% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.94% | ₹37.24 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 1.92% | ₹36.79 Cr | +2.89% | +2.90% | +0.90% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.85% | ₹35.48 Cr | +2.23% | +1.88% | +1.19% |
| Oracle Financial Services Software Ltd. | Technology | 1.80% | ₹34.55 Cr | +2.40% | +2.89% | +3.24% |
| Graphite India Ltd. | Capital Goods | 1.79% | ₹34.42 Cr | +1.47% | +2.00% | +1.19% |
| Quadrant Future Tek Ltd. | Capital Goods | 1.79% | ₹34.42 Cr | — | — | — |
| Lumino Industries Ltd. | Capital Goods | 1.72% | ₹32.97 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 1.68% | ₹32.30 Cr | +1.88% | +1.86% | +2.39% |
| Yatharth Hospital & Trauma Care Services Ltd. | Healthcare | 1.67% | ₹32.01 Cr | +1.82% | +1.30% | — |
| Jubilant Pharmova Ltd. | Healthcare | 1.53% | ₹29.40 Cr | +4.08% | +4.24% | +3.75% |
| MV Electrosystems Ltd. | Capital Goods | 1.44% | ₹27.56 Cr | — | — | — |
| Prasol Chemicals Ltd. | Chemicals | 1.39% | ₹26.67 Cr | — | — | — |
| Oberoi Realty Ltd. | Construction | 1.38% | ₹26.49 Cr | +1.82% | +1.73% | +1.27% |
| Avanti Feeds Ltd. | Consumer Staples | 1.26% | ₹24.29 Cr | +2.16% | +2.86% | +0.86% |
| JIO Financial Services Ltd. | Financial | 1.13% | ₹21.69 Cr | — | — | — |
| Kanohar Electricals Ltd. | Capital Goods | 1.04% | ₹19.88 Cr | — | — | — |
| Avalon Technologies Ltd. | Capital Goods | 1.03% | ₹19.69 Cr | — | — | — |
| The South Indian Bank Ltd. | Financial | 1.03% | ₹19.76 Cr | +1.28% | +1.39% | +0.77% |
| Bata India Ltd. | Consumer Discretionary | 0.81% | ₹15.56 Cr | +1.18% | +1.43% | +1.93% |
| CMR Green Technologies Ltd. | Metals & Mining | 0.62% | ₹11.96 Cr | +1.79% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Engineers India Ltd. | 0.00% | 2.34% | +2.34% |
| Quadrant Future Tek Ltd. | 0.00% | 1.79% | +1.79% |
| Prasol Chemicals Ltd. | 0.00% | 1.39% | +1.39% |
| Sun TV Network Ltd. | 2.18% | 3.43% | +1.25% |
| JIO Financial Services Ltd. | 0.00% | 1.13% | +1.13% |
| Lumino Industries Ltd. | 0.59% | 1.72% | +1.13% |
| Kanohar Electricals Ltd. | 0.00% | 1.04% | +1.04% |
| Avalon Technologies Ltd. | 0.00% | 1.03% | +1.03% |
| Jubilant Pharmova Ltd. | 2.41% | 1.53% | -0.88% |
| Midwest Ltd. | 2.79% | 2.02% | -0.77% |
| Marksans Pharma Ltd. | 3.33% | 2.57% | -0.76% |
| Indusind Bank Ltd. | 3.11% | 2.44% | -0.67% |
| Vodafone Idea Ltd. | 2.27% | 2.87% | +0.60% |
| Oracle Financial Services Software Ltd. | 2.39% | 1.80% | -0.59% |
| Hero Motocorp Ltd. | 3.91% | 3.33% | -0.58% |
| Others | -0.14% | -0.72% | -0.58% |
| One 97 Communications Ltd. | 2.25% | 2.82% | +0.57% |
| Swiggy Ltd. | 2.57% | 2.02% | -0.55% |
| INDO-MIM Ltd. | 2.09% | 2.63% | +0.54% |
| Piramal Finance Ltd. | 2.43% | 1.92% | -0.51% |
| Indus Towers Ltd. | 3.20% | 2.72% | -0.48% |
| Jana Small Finance Bank Ltd. | 2.42% | 1.95% | -0.47% |
| Poonawalla Fincorp Ltd. | 2.96% | 2.52% | -0.44% |
| Sapphire Foods India Ltd. | 2.10% | 1.68% | -0.42% |
| Indigo Paints Ltd. | 2.50% | 2.10% | -0.40% |
| Park Medi World Ltd. | 2.63% | 2.24% | -0.39% |
| Avanti Feeds Ltd. | 1.64% | 1.26% | -0.38% |
| NLC India Ltd. | 2.83% | 2.45% | -0.38% |
| PVR Inox Ltd. | 3.30% | 2.93% | -0.37% |
| MTAR Technologies Ltd. | 2.48% | 2.84% | +0.36% |
| Maruti Suzuki India Ltd. | 3.62% | 3.93% | +0.31% |
| Sun Pharmaceutical Industries Ltd. | 1.63% | 1.94% | +0.31% |
| Kalpataru Projects International Ltd. | 2.22% | 1.94% | -0.28% |
| Oberoi Realty Ltd. | 1.65% | 1.38% | -0.27% |
| Jyoti CNC Automation Ltd. | 3.54% | 3.28% | -0.26% |
| Azad Engineering Ltd. | 3.03% | 2.78% | -0.25% |
| Viyash Scientific Limited | 1.96% | 2.17% | +0.21% |
| Bata India Ltd. | 1.01% | 0.81% | -0.20% |
| United Foodbrands Ltd. | 2.90% | 2.70% | -0.20% |
| Orchid Pharma Ltd. | 2.72% | 2.53% | -0.19% |
| Yatharth Hospital & Trauma Care Services Ltd. | 1.82% | 1.67% | -0.15% |
| CMR Green Technologies Ltd. | 0.72% | 0.62% | -0.10% |
| Graphite India Ltd. | 1.86% | 1.79% | -0.07% |
| The South Indian Bank Ltd. | 1.10% | 1.03% | -0.07% |
| MV Electrosystems Ltd. | 1.50% | 1.44% | -0.06% |
| The Jammu & Kashmir Bank Ltd. | 1.83% | 1.85% | +0.02% |
| Carborundum Universal Ltd. | 2.86% | 2.87% | +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 | ₹6,105 Cr | 2.13% | 6.1% | 8.3% | 14.9% |
 ICICI Prudential Business Cycle Fund | ₹14,889 Cr | 1.86% | 3.5% | 6.8% | 13.3% |
 Franklin India Opportunities Fund | ₹9,577 Cr | 2.08% | -0.7% | 5.4% | 15.7% |
| Kotak Business Cycle Fund | ₹3,414 Cr | 2.02% | 13.8% | 10.7% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,357 Cr | 2.26% | 14.0% | 13.2% | 15.6% |
 Mahindra Manulife Business Cycle Fund | ₹1,291 Cr | 2.42% | -0.1% | 5.3% | — |
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 by investing predominantly in opportunities presented by Special Situations such as Company Specific Event/Developments, Corporate Restructuring, Government Policy change and/or Regulatory changes, Technology led Disruption/ Innovation or companies going through temporary but unique challenges and other similar instances.
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.
- Devender SinghalMr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 -- January 2009) ,Religare (February 2006 -- June 2007), Karvy (July 2004 -- January 2006), P N Vijay Financial Services Pvt Ltd(2001 -- 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 -- June 2000 ).
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 months4.70% absolute | ₹60,000 | ₹62,820 | 4.70% | |
| 1 year9.79% annualised | ₹1,20,000 | ₹1,26,558 | 5.46% |
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 Special Opportunities Fund?
The NAV of Kotak Special Opportunities Fund is ₹10.79 as on 6 Nov 2026.
What is the expense ratio of Kotak Special Opportunities Fund?
The expense ratio of Kotak Special Opportunities Fund is 2.32% per year.
What is the minimum SIP amount for Kotak Special Opportunities Fund?
You can start a SIP in Kotak Special Opportunities Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak Special Opportunities Fund?
Lock-in: None. Exit load: 0.5% for redemption within 90 Days.
How risky is Kotak Special Opportunities Fund?
Kotak Special Opportunities Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Kotak Special Opportunities Fund?
Kotak Special Opportunities Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.