Kotak Special Opportunities Fund
- NAV as on 24 Sep 2026
- ₹11.49-1.65%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹8.52 — ₹11.68
- AUM
- ₹1,702 Cr
Kotak Special Opportunities Fund is a Equity Opportunities equity fund from Kotak Mahindra Mutual Fund with ₹1,702 Cr under management, launched in 2024. The expense ratio is 2.26% 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 +18.1% 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 | 29.2% | +24.7 pts | 4.5% | 0.6% |
| 2Y | 17.2% | +11.7 pts | 5.5% | 0.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.0% | +3.1 pts | -2.1% | -2.9% |
| 3M | 8.7% | +6.8 pts | 1.8% | 0.5% |
| 6M | 28.3% | +14.4 pts | 13.9% | 10.5% |
| 1Y | 18.1% | +13.5 pts | 4.5% | -1.6% |
| 2Y | 3.9% | +4.7 pts | -0.8% | -4.2% |
Since launch (10 Jun 2024): 7.2%
Calendar-year returns
Category averageShow 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
2.27%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.76%
- 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.
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 31 Aug 2026
Asset allocation
- Equity94.3%
- Other5.7%
Market cap split
- Large11.4%
- Mid27.9%
- Small60.6%
- P/E
- 24.10
- P/B
- 3.01
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.65% | ₹96.05 Cr | -0.96% | -0.46% | -0.22% |
| Hero Motocorp Ltd. | Automobile | 3.91% | ₹66.49 Cr | +4.20% | +6.48% | +5.62% |
| Maruti Suzuki India Ltd. | Automobile | 3.62% | ₹61.64 Cr | +3.73% | +6.00% | +8.31% |
| Jyoti CNC Automation Ltd. | Capital Goods | 3.54% | ₹60.35 Cr | +2.54% | +3.53% | +2.93% |
| Marksans Pharma Ltd. | Healthcare | 3.33% | ₹56.61 Cr | +4.45% | +3.24% | +2.26% |
| PVR Inox Ltd. | Services | 3.30% | ₹56.16 Cr | +3.14% | +3.37% | +2.84% |
| Indus Towers Ltd. | Communication | 3.20% | ₹54.46 Cr | +4.04% | +4.19% | +2.39% |
| Indusind Bank Ltd. | Financial | 3.11% | ₹52.86 Cr | +3.98% | +4.88% | +2.94% |
| Azad Engineering Ltd. | Capital Goods | 3.03% | ₹51.51 Cr | +2.89% | +2.73% | +1.83% |
| Poonawalla Fincorp Ltd. | Financial | 2.96% | ₹50.47 Cr | +2.52% | +3.02% | +3.06% |
| United Foodbrands Ltd. | Services | 2.90% | ₹49.41 Cr | +1.56% | — | — |
| Carborundum Universal Ltd. | Metals & Mining | 2.86% | ₹48.69 Cr | +3.18% | +2.57% | +1.11% |
| NLC India Ltd. | Energy | 2.83% | ₹48.13 Cr | +4.39% | +4.61% | +3.03% |
| Midwest Ltd. | Materials | 2.79% | ₹47.48 Cr | +3.62% | +3.94% | — |
| Orchid Pharma Ltd. | Healthcare | 2.72% | ₹46.39 Cr | +2.38% | +1.88% | +1.55% |
| Park Medi World Ltd. | Healthcare | 2.63% | ₹44.80 Cr | +3.62% | +2.45% | — |
| Swiggy Ltd. | Services | 2.57% | ₹43.69 Cr | +1.81% | +2.14% | — |
| Indigo Paints Ltd. | Materials | 2.50% | ₹42.60 Cr | +2.57% | +2.45% | +2.62% |
| MTAR Technologies Ltd. | Capital Goods | 2.48% | ₹42.26 Cr | — | — | +2.22% |
| Piramal Finance Ltd. | Financial | 2.43% | ₹41.41 Cr | +2.64% | +2.40% | — |
| Jana Small Finance Bank Ltd. | Financial | 2.42% | ₹41.16 Cr | +2.14% | +1.45% | — |
| Jubilant Pharmova Ltd. | Healthcare | 2.41% | ₹41.05 Cr | +4.29% | +3.93% | +3.53% |
| Oracle Financial Services Software Ltd. | Technology | 2.39% | ₹40.76 Cr | +2.62% | +2.65% | +3.17% |
| company:6022 | Communication | 2.27% | ₹38.69 Cr | — | — | — |
| company:17109 | Services | 2.25% | ₹38.34 Cr | — | — | — |
| Kalpataru Projects International Ltd. | Capital Goods | 2.22% | ₹37.80 Cr | +2.47% | +2.46% | +1.85% |
| Sun TV Network Ltd. | Services | 2.18% | ₹37.15 Cr | +2.81% | +3.66% | +2.30% |
| Sapphire Foods India Ltd. | Services | 2.10% | ₹35.70 Cr | +1.93% | +2.21% | +2.64% |
| INDO-MIM Ltd. | Capital Goods | 2.09% | ₹35.56 Cr | — | — | — |
| company:6832 | Healthcare | 1.96% | ₹33.45 Cr | — | — | — |
| Graphite India Ltd. | Capital Goods | 1.86% | ₹31.61 Cr | +2.04% | +2.04% | +1.08% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.83% | ₹31.15 Cr | +2.08% | +1.81% | +1.11% |
| Yatharth Hospital & Trauma Care Services Ltd. | Healthcare | 1.82% | ₹31.06 Cr | +1.73% | +1.31% | — |
| Oberoi Realty Ltd. | Construction | 1.65% | ₹28.02 Cr | +1.80% | +1.62% | +1.28% |
| Avanti Feeds Ltd. | Consumer Staples | 1.64% | ₹27.91 Cr | +2.86% | +2.73% | +0.85% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.63% | ₹27.79 Cr | — | — | — |
| MV Electrosystems Ltd. | Capital Goods | 1.50% | ₹25.61 Cr | — | — | — |
| The South Indian Bank Ltd. | Financial | 1.10% | ₹18.71 Cr | +1.19% | +1.46% | +0.78% |
| Bata India Ltd. | Consumer Discretionary | 1.01% | ₹17.16 Cr | +1.36% | +1.62% | +1.80% |
| CMR Green Technologies Ltd. | Metals & Mining | 0.72% | ₹12.33 Cr | — | — | — |
| company:20835 | Capital Goods | 0.59% | ₹9.99 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Radico Khaitan Ltd. | 3.64% | 0.00% | -3.64% |
| company:6022 | 0.00% | 2.27% | +2.27% |
| company:17109 | 0.00% | 2.25% | +2.25% |
| Bandhan Bank Ltd. | 2.06% | 0.00% | -2.06% |
| company:6832 | 0.00% | 1.96% | +1.96% |
| Ola Electric Mobility Ltd. | 1.83% | 0.00% | -1.83% |
| MTAR Technologies Ltd. | 1.16% | 2.48% | +1.32% |
| Aster DM Quality Care Ltd. | 1.17% | 0.00% | -1.17% |
| Sun Pharmaceutical Industries Ltd. | 0.61% | 1.63% | +1.02% |
| NLC India Ltd. | 3.63% | 2.83% | -0.80% |
| Maruti Suzuki India Ltd. | 4.38% | 3.62% | -0.76% |
| Midwest Ltd. | 3.50% | 2.79% | -0.71% |
| United Foodbrands Ltd. | 2.22% | 2.90% | +0.68% |
| Jubilant Pharmova Ltd. | 3.05% | 2.41% | -0.64% |
| company:20835 | 0.00% | 0.59% | +0.59% |
| Sun TV Network Ltd. | 2.74% | 2.18% | -0.56% |
| Hero Motocorp Ltd. | 4.44% | 3.91% | -0.53% |
| MV Electrosystems Ltd. | 0.97% | 1.50% | +0.53% |
| Park Medi World Ltd. | 3.09% | 2.63% | -0.46% |
| Indusind Bank Ltd. | 3.56% | 3.11% | -0.45% |
| Swiggy Ltd. | 2.99% | 2.57% | -0.42% |
| Avanti Feeds Ltd. | 2.06% | 1.64% | -0.42% |
| The Jammu & Kashmir Bank Ltd. | 2.23% | 1.83% | -0.40% |
| Carborundum Universal Ltd. | 3.17% | 2.86% | -0.31% |
| Indigo Paints Ltd. | 2.78% | 2.50% | -0.28% |
| PVR Inox Ltd. | 3.56% | 3.30% | -0.26% |
| Marksans Pharma Ltd. | 3.08% | 3.33% | +0.25% |
| Azad Engineering Ltd. | 2.79% | 3.03% | +0.24% |
| Indus Towers Ltd. | 3.44% | 3.20% | -0.24% |
| Jyoti CNC Automation Ltd. | 3.32% | 3.54% | +0.22% |
| Jana Small Finance Bank Ltd. | 2.20% | 2.42% | +0.22% |
| Oberoi Realty Ltd. | 1.85% | 1.65% | -0.20% |
| Sapphire Foods India Ltd. | 1.91% | 2.10% | +0.19% |
| The South Indian Bank Ltd. | 1.29% | 1.10% | -0.19% |
| Bata India Ltd. | 1.18% | 1.01% | -0.17% |
| Kalpataru Projects International Ltd. | 2.35% | 2.22% | -0.13% |
| Orchid Pharma Ltd. | 2.85% | 2.72% | -0.13% |
| Yatharth Hospital & Trauma Care Services Ltd. | 1.72% | 1.82% | +0.10% |
| Graphite India Ltd. | 1.78% | 1.86% | +0.08% |
| Oracle Financial Services Software Ltd. | 2.46% | 2.39% | -0.07% |
| Piramal Finance Ltd. | 2.50% | 2.43% | -0.07% |
| CMR Green Technologies Ltd. | 0.78% | 0.72% | -0.06% |
| INDO-MIM Ltd. | 2.13% | 2.09% | -0.04% |
| Poonawalla Fincorp Ltd. | 2.94% | 2.96% | +0.02% |
| Others | -0.13% | -0.14% | -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 | ₹3,420 Cr | 2.23% | 8.8% | 10.0% | 16.3% |
 Franklin India Opportunities Fund | ₹9,717 Cr | 2.08% | 10.4% | 11.0% | 19.2% |
| Kotak Business Cycle Fund | ₹3,509 Cr | 2.05% | 11.2% | 10.8% | — |
 Mahindra Manulife Business Cycle Fund | ₹1,364 Cr | 2.41% | 1.2% | 7.2% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,279 Cr | 2.30% | 13.9% | 13.9% | 15.9% |
 HSBC Business Cycles Fund | ₹1,229 Cr | 2.31% | 7.2% | 7.3% | 13.6% |
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 months28.34% absolute | ₹60,000 | ₹77,004 | 28.34% | |
| 1 year18.06% annualised | ₹1,20,000 | ₹1,32,412 | 10.34% |
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.