Kotak Pioneer Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 1 Oct 2026
38.4470
1-day change
-1.05%
1Y return
9.1%
3Y CAGR
19.8%
5Y CAGR
15.3%
Max drawdown, 5Y
−21.7%
NAV history month-end NAV, ₹ · 6 Nov 2019 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Innovation” median (13)
| Period | Scheme | Category median | Innovation median |
|---|---|---|---|
| 1 month | -2.5% | -5.4% | -4.9% |
| 3 months | 1.1% | -2.8% | 0.0% |
| 6 months | 19.5% | 8.9% | 19.5% |
| Year to date | 8.9% | -2.0% | 7.2% |
| 1 year | 9.1% | 1.4% | 8.8% |
| 3 years (CAGR) | 19.8% | 13.0% | 17.6% |
| 5 years (CAGR) | 15.3% | 12.0% | 13.4% |
| 7 years (CAGR) | n/a | 17.0% | n/a |
| 10 years (CAGR) | n/a | 14.6% | n/a |
| Since first NAV (CAGR) | 21.5% | – | – |
“Innovation” 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 | 18.5% | 11.8% |
| 3Y rolling median | 22.0% | 17.5% |
| 3Y rolling worst | 14.2% | 3.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 84% |
| 5Y rolling median | 23.7% | 15.6% |
| 5Y rolling worst | 14.9% | 1.8% |
| 5Y periods ahead of benchmark | 100% | 91% |
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.) | 15.3% | 16.7% |
| Sharpe ratio | 0.94 | 0.42 |
| Sortino ratio | 1.49 | 0.63 |
| Beta | 0.89 | 0.96 |
| Alpha (ann.) | 11.3% | 3.7% |
| Upside capture | 121.45 | 106.94 |
| Downside capture | 72.25 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.7% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | −21.7% | −22.3% |
| Current drawdown | −4.5% | −8.3% |
| Recovery time of worst fall | 134 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
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.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 24 Sep 2026: TER reduced from 0.64% to 0.63% (AMFI TER disclosure)
- 23 Sep 2026: TER increased from 0.63% to 0.64% (AMFI TER disclosure)
- 21 Sep 2026: TER reduced from 0.64% to 0.63% (AMFI TER disclosure)
- 18 Sep 2026: TER increased from 0.63% to 0.64% (AMFI TER disclosure)
- 15 Sep 2026: TER reduced from 0.64% to 0.63% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harish Bihani | FM 1 Primary | 20 Oct 2023 |
Objective: The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models. However, there is no assurance that the objective of the scheme will be achieved.
Stated asset allocation: Equity and Equity Related Instruments of companies having pioneering innovations theme 80%-100% Equity and Equity Related Instruments of companies other than having pioneering innovations theme - 0%- 20% Debt and Money Market Instruments- 0%-20% Units of Gold/Silver ETF- 0%-20% Units of InvITs- 0-10%"
Benchmark (tier 1): 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index 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
Minimum application: Rs. 100/-
Allotment date: 31 Oct 2019
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), Direct plan | 0.63% | 1.15% |
| AUM, whole scheme (₹ crore) | n/a | 1,272 |
| Riskometer | n/a | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Month-ends above category median (3Y CAGR) | 77% | 53% median |
| Month-ends in category top quartile (3Y) | 19% | 24% median |
Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 8.9% | -7.8% | +16.7% |
| 2025 | 7.7% | 7.7% | +0.0% |
| 2024 | 30.4% | 15.6% | +14.8% |
| 2023 | 38.7% | 26.5% | +12.2% |
| 2022 | -6.9% | 3.8% | −10.7% |
| 2021 | 38.5% | 30.6% | +7.9% |
| 2020 | 35.5% | 17.2% | +18.2% |
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 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,29,130 | 14.4% |
| 3 years | ₹3,60,000 | ₹4,44,487 | 14.2% |
| 5 years | ₹6,00,000 | ₹9,32,017 | 17.6% |
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: Direct · Growth
AMFI scheme code: 147727
ISIN: INF174KA1EZ1
First NAV in MFIC data: 6 Nov 2019
History: 6.9 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Nippon India Innovation Fund | Sectoral/Thematic | 0.96 | 13.0% |
| 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 | 15.0% |
| Franklin India Multi Cap Fund | Multi Cap | 0.95 | n/a |
Questions about Kotak Pioneer Fund
- What is the latest NAV of Kotak Pioneer Fund?
- The NAV of the Direct plan (growth option) was ₹38.4470 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 253 Sectoral/Thematic schemes (Direct plans).
- What returns has Kotak Pioneer Fund delivered?
- Over one year the NAV changed by 9.1%. The 3-year CAGR is 19.8% (category median 13.0%) and the 5-year CAGR is 15.3% (category median 12.0%). 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 22.0%, the lowest was 14.2%, and 100% 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 Pioneer Fund's NAV?
- The largest peak-to-trough fall in its available history was 35.7%; within the last five years it was 21.7% (category median 22.3%).
- 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 ₹9,32,017 on 1 Oct 2026, an annualised return (XIRR) of 17.6%. This uses the Direct 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 Direct plan is 0.63% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). It is already deducted from the NAV, so every return shown is after expenses.
- How often has Kotak Pioneer Fund beaten its category?
- At 77% of the 47 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Direct plans); it was in the top quarter at 19% 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.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct 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.