Kotak Infrastructure and Economic Reform Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 2 Oct 2026
67.9000
1-day change
-1.22%
1Y return
5.1%
3Y CAGR
13.9%
5Y CAGR
16.2%
Max drawdown, 5Y
−28.1%
NAV history month-end NAV, ₹ · 2 Feb 2015 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes) and “Infrastructure” median (21)
| Period | Scheme | Category median | Infrastructure median |
|---|---|---|---|
| 1 month | -3.9% | -5.4% | -3.8% |
| 3 months | -2.2% | -3.1% | -5.6% |
| 6 months | 13.4% | 8.5% | 9.9% |
| Year to date | 3.9% | -2.6% | 3.9% |
| 1 year | 5.1% | 0.0% | 2.9% |
| 3 years (CAGR) | 13.9% | 11.7% | 13.9% |
| 5 years (CAGR) | 16.2% | 10.6% | 16.1% |
| 7 years (CAGR) | 19.4% | 15.7% | 19.8% |
| 10 years (CAGR) | 14.5% | 13.3% | 14.6% |
| Since first NAV (CAGR) | 13.5% | – | – |
“Infrastructure” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 13.3% | 9.8% |
| 3Y rolling median | 17.5% | 15.6% |
| 3Y rolling worst | -12.1% | 0.6% |
| 3Y periods positive | 89% | 100% |
| 3Y periods ahead of benchmark | 100% | 71% |
| 5Y rolling median | 15.1% | 14.2% |
| 5Y rolling worst | -3.9% | 0.3% |
| 5Y periods ahead of benchmark | 100% | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 21.4% | 16.7% |
| Sharpe ratio | 0.39 | 0.34 |
| Sortino ratio | 0.57 | 0.51 |
| Beta | 1.23 | 0.96 |
| Alpha (ann.) | 4.1% | 2.3% |
| Upside capture | 141.08 | 103.56 |
| Downside capture | 117.74 | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −47.5% | −23.7% |
| Maximum drawdown, last 10Y | −47.5% | −39.3% |
| Maximum drawdown, last 5Y | −28.1% | −22.8% |
| Current drawdown | −6.7% | −8.8% |
| Recovery time of worst fall | 324 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Nalin Rasik | FM 1 Primary | 1 Oct 2023 |
Objective: The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.However, there is no assurance that the objective of the scheme will be realized.
Stated asset allocation: The asset allocation under the Scheme, under normal circumstances, will be as follows: Investments Indicative Allocation Risk Profile Equity and equity related Instruments of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms 80%- 100% Equity and equity related Instruments of companies other than those involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms 0%- 20% Debt & money market securities/instruments/funds 0 – 20% Units of Gold/Silver ETF 0 – 20% Units issued by InvITs 0-10%
Benchmark (tier 1): Nifty Infrastructure TRI
Exit load: For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.
Minimum application: Rs. 100/-
Allotment date: 25 Feb 2008
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | n/a | 2.65% |
| AUM, whole scheme (₹ crore) | 2,404 | 1,245 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 7.4% | -2.2% TRI |
| Return, 3 years (AMFI) | 14.3% | 12.8% TRI |
| Return, 5 years (AMFI) | 16.4% | 12.8% TRI |
| Month-ends above category median (3Y CAGR) | 63% | 53% median |
| Month-ends in category top quartile (3Y) | 34% | 24% median |
| 7Y rolling CAGR, median (monthly windows) | 16.6% | 13.5% median |
Official benchmark: Nifty Infrastructure TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 3.9% | -7.8% | +11.7% |
| 2025 | -3.7% | 7.7% | −11.4% |
| 2024 | 32.4% | 15.6% | +16.8% |
| 2023 | 37.3% | 26.5% | +10.7% |
| 2022 | 15.6% | 3.8% | +11.8% |
| 2021 | 57.3% | 30.6% | +26.7% |
| 2020 | 3.4% | 17.2% | −13.9% |
| 2019 | 3.6% | n/a | – |
| 2018 | -19.6% | n/a | – |
| 2017 | 45.3% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,290 | 5.1% |
| 3 years | ₹3,60,000 | ₹3,95,416 | 6.2% |
| 5 years | ₹6,00,000 | ₹8,51,638 | 14.0% |
| 10 years | ₹12,00,000 | ₹29,10,708 | 16.9% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Sectoral/Thematic
Plan / option: Regular · Growth
AMFI scheme code: 133796
ISIN: INF178L01095
First NAV in MFIC data: 2 Feb 2015
History: 11.7 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Canara Robeco Manufacturing Fund | Sectoral/Thematic | 0.98 | n/a |
| Mahindra Manulife Manufacturing Fund | Sectoral/Thematic | 0.96 | n/a |
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.96 | n/a |
| Invesco India Infrastructure Fund | Sectoral/Thematic | 0.96 | 16.4% |
| HSBC Infrastructure Fund | Sectoral/Thematic | 0.95 | 13.6% |
| Tata Infrastructure Fund | Sectoral/Thematic | 0.95 | 10.6% |
Questions about Kotak Infrastructure and Economic Reform Fund
- What is the latest NAV of Kotak Infrastructure and Economic Reform Fund?
- The NAV of the Regular plan (growth option) was ₹67.9000 on 2 Oct 2026, as published by AMFI.
- Which category is Kotak Infrastructure and Economic Reform Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What returns has Kotak Infrastructure and Economic Reform Fund delivered?
- Over one year the NAV changed by 5.1%. The 3-year CAGR is 13.9% (category median 11.7%) and the 5-year CAGR is 16.2% (category median 10.6%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 17.5%, the lowest was -12.1%, and 89% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in Kotak Infrastructure and Economic Reform Fund's NAV?
- The largest peak-to-trough fall in its available history was 47.5%; within the last five years it was 28.1% (category median 22.8%).
- How volatile is Kotak Infrastructure and Economic Reform Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 21.4%, which is above the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in Kotak Infrastructure and Economic Reform Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,51,638 on 2 Oct 2026, an annualised return (XIRR) of 14.0%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- How large is Kotak Infrastructure and Economic Reform Fund?
- Assets under management of the whole scheme were ₹2,404 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Infrastructure and Economic Reform Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Infrastructure and Economic Reform Fund and how has it compared?
- Its official benchmark is the Nifty Infrastructure TRI. Over 3 years AMFI reports a return of 14.3% for this plan against 12.8% for the benchmark total return index; over 5 years 16.4% against 12.8%. Past performance does not indicate future results.
- How often has Kotak Infrastructure and Economic Reform Fund beaten its category?
- At 63% of the 104 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Regular plans); it was in the top quarter at 34% of them. A typical scheme would show about 50%.
- Who manages Kotak Infrastructure and Economic Reform Fund?
- According to its Scheme Summary Document, Kotak Infrastructure and Economic Reform Fund is managed by Nalin Rasik (since 1 Oct 2023).
- What is the exit load of Kotak Infrastructure and Economic Reform Fund?
- As stated in its scheme documents: For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Infrastructure and Economic Reform Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000 ".
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.5% and the Regular plan's by 5.1%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.