Kotak Pioneer Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Regular plan, growth option
| Period | Scheme | Category median | Innovation median |
|---|---|---|---|
| 1 month | -2.6% | -5.4% | -5.0% |
| 3 months | 0.7% | -3.1% | -0.3% |
| 6 months | 18.7% | 8.5% | 18.7% |
| Year to date | 7.8% | -2.6% | 6.1% |
| 1 year | 7.6% | 0.0% | 7.3% |
| 3 years (CAGR) | 18.1% | 11.7% | 16.1% |
| 5 years (CAGR) | 13.6% | 10.6% | 11.9% |
| 7 years (CAGR) | n/a | 15.7% | n/a |
| 10 years (CAGR) | n/a | 13.3% | n/a |
| Since first NAV (CAGR) | 19.7% | – | – |
“Innovation” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.7% | 9.8% |
| 3Y rolling median | 20.2% | 15.6% |
| 3Y rolling worst | 12.6% | 0.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 88% | 71% |
| 5Y rolling median | 21.8% | 14.2% |
| 5Y rolling worst | 13.2% | 0.3% |
| 5Y periods ahead of benchmark | 100% | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.3% | 16.7% |
| Sharpe ratio | 0.83 | 0.34 |
| Sortino ratio | 1.30 | 0.51 |
| Beta | 0.89 | 0.96 |
| Alpha (ann.) | 9.7% | 2.3% |
| Upside capture | 116.79 | 103.56 |
| Downside capture | 74.70 | 96.87 |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.9% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | −22.5% | −22.8% |
| Current drawdown | −4.5% | −8.8% |
| Recovery time of worst fall | 134 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
The Regular plan's expense ratio is 1.91% a year and the Direct plan's 0.63%, a gap of 1.28%; over the last 3 years the Direct plan returned 1.65 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹30,22,151.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
- 17 Sep 2026: TER reduced from 1.92% to 1.91% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.91% to 1.92% (AMFI TER disclosure)
- 9 Sep 2026: TER reduced from 1.92% to 1.91% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 1.93% to 1.92% (AMFI TER disclosure)
| Fund manager | Role | Managing since |
|---|---|---|
| Harish Bihani | FM 1 Primary | 20 Oct 2023 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.91% | 2.38% |
| AUM, whole scheme (₹ crore) | n/a | 1,245 |
| Riskometer | n/a | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Month-ends above category median (3Y CAGR) | 70% | 53% median |
| Month-ends in category top quartile (3Y) | 11% | 24% median |
Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 7.8% | -7.8% | +15.6% |
| 2025 | 6.2% | 7.7% | −1.4% |
| 2024 | 28.6% | 15.6% | +12.9% |
| 2023 | 36.7% | 26.5% | +10.1% |
| 2022 | -8.4% | 3.8% | −12.2% |
| 2021 | 36.1% | 30.6% | +5.5% |
| 2020 | 33.1% | 17.2% | +15.9% |
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.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,28,193 | 12.9% |
| 3 years | ₹3,60,000 | ₹4,34,590 | 12.6% |
| 5 years | ₹6,00,000 | ₹8,94,831 | 16.0% |
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 | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Nippon India Innovation Fund | Sectoral/Thematic | 0.96 | 11.5% |
| Kotak MNC Fund | Sectoral/Thematic | 0.96 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.95 | n/a |
| Canara Robeco Manufacturing Fund | Sectoral/Thematic | 0.95 | n/a |
| Kotak Business Cycle Fund | Sectoral/Thematic | 0.95 | 13.4% |
| Franklin India Multi Cap Fund | Multi Cap | 0.95 | n/a |
- What is the latest NAV of Kotak Pioneer Fund?
- The NAV of the Regular plan (growth option) was ₹34.5560 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Pioneer 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 Pioneer Fund delivered?
- Over one year the NAV changed by 7.6%. The 3-year CAGR is 18.1% (category median 11.7%) and the 5-year CAGR is 13.6% (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 20.2%, the lowest was 12.6%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 88% of those periods.
- What was the largest fall in Kotak Pioneer Fund's NAV?
- The largest peak-to-trough fall in its available history was 35.9%; within the last five years it was 22.5% (category median 22.8%).
- How volatile is Kotak Pioneer Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.3%, which is below the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in Kotak Pioneer 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 ₹8,94,831 on 1 Oct 2026, an annualised return (XIRR) of 16.0%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Pioneer Fund?
- The total expense ratio of the Regular plan is 1.91% a year, as disclosed to AMFI (median of Sectoral/Thematic Regular plans: 2.38%). It is already deducted from the NAV, so every return shown is after expenses.
- How often has Kotak Pioneer Fund beaten its category?
- At 70% of the 47 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 11% of them. A typical scheme would show about 50%.
- Who manages Kotak Pioneer Fund?
- According to its Scheme Summary Document, Kotak Pioneer Fund is managed by Harish Bihani (since 20 Oct 2023).
- What is the exit load of Kotak Pioneer 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 Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Pioneer 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 9.1% and the Regular plan's by 7.6%. The Regular plan includes the services of a distributor.
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.