Kotak Banking and Financial Services Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 2 Oct 2026
16.0340
1-day change
-0.62%
1Y return
0.5%
3Y CAGR
10.9%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 6 Mar 2023 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Banking & financial services” median (28)
| Period | Scheme | Category median | Banking & financial services median |
|---|---|---|---|
| 1 month | -6.1% | -5.4% | -6.1% |
| 3 months | -7.7% | -2.8% | -6.4% |
| 6 months | 6.6% | 8.9% | 6.7% |
| Year to date | -5.1% | -2.0% | -5.9% |
| 1 year | 0.5% | 1.4% | 0.2% |
| 3 years (CAGR) | 10.9% | 13.0% | 11.0% |
| 5 years (CAGR) | n/a | 12.0% | 11.3% |
| 7 years (CAGR) | n/a | 17.0% | 12.3% |
| 10 years (CAGR) | n/a | 14.6% | 11.9% |
| Since first NAV (CAGR) | 13.9% | – | – |
“Banking & financial services” 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 | 14.2% | 11.8% |
| 3Y rolling median | 14.7% | 17.5% |
| 3Y rolling worst | 10.9% | 3.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 89% | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 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.) | 16.6% | 16.7% |
| Sharpe ratio | 0.35 | 0.42 |
| Sortino ratio | 0.51 | 0.63 |
| Beta | 0.96 | 0.96 |
| Alpha (ann.) | 2.4% | 3.7% |
| Upside capture | 104.21 | 106.94 |
| Downside capture | 93.95 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −16.7% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −8.9% | −8.3% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | n/a | 1.23% |
| AUM, whole scheme (₹ crore) | 1,509 | 1,272 |
| 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) | 2.4% | -4.4% TRI |
| Return, 3 years (AMFI) | 11.1% | 8.6% TRI |
Official benchmark: Nifty Financial Services TRI (total return index, as published by AMFI). 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 | -5.1% | -7.8% | +2.7% |
| 2025 | 15.9% | 7.7% | +8.3% |
| 2024 | 14.1% | 15.6% | −1.5% |
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 | ₹1,15,997 | -6.1% |
| 3 years | ₹3,60,000 | ₹3,92,020 | 5.6% |
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: 151384
ISIN: INF174KA1MD1
First NAV in MFIC data: 6 Mar 2023
History: 3.6 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 |
|---|---|---|---|
| WhiteOak Capital Banking & Financial Services Fund | Sectoral/Thematic | 0.98 | n/a |
| ITI Banking and Financial Services Fund | Sectoral/Thematic | 0.98 | 10.1% |
| UTI - Banking and Financial Services Fund | Sectoral/Thematic | 0.98 | 11.6% |
| Taurus Banking & Financial Services Fund | Sectoral/Thematic | 0.98 | 6.7% |
| HDFC Banking & Financial Services Fund | Sectoral/Thematic | 0.97 | 11.0% |
| Mirae Asset Banking and Financial Services Fund | Sectoral/Thematic | 0.97 | 11.2% |
Questions about Kotak Banking and Financial Services Fund
- What is the latest NAV of Kotak Banking and Financial Services Fund?
- The NAV of the Direct plan (growth option) was ₹16.0340 on 2 Oct 2026, as published by AMFI.
- Which category is Kotak Banking and Financial Services 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 Banking and Financial Services Fund delivered?
- Over one year the NAV changed by 0.5%. The 3-year CAGR is 10.9% (category median 13.0%). 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 14.7%, the lowest was 10.9%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 89% of those periods.
- What was the largest fall in Kotak Banking and Financial Services Fund's NAV?
- The largest peak-to-trough fall in its available history was 16.7%.
- How volatile is Kotak Banking and Financial Services Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.6%, which is below the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in Kotak Banking and Financial Services Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,92,020 on 2 Oct 2026, an annualised return (XIRR) of 5.6%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- How large is Kotak Banking and Financial Services Fund?
- Assets under management of the whole scheme were ₹1,509 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Banking and Financial Services 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 Banking and Financial Services Fund and how has it compared?
- Its official benchmark is the Nifty Financial Services TRI. Over 3 years AMFI reports a return of 11.1% for this plan against 8.6% for the benchmark total return index. Past performance does not indicate future results.
- 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 0.5% and the Regular plan's by -1.0%. 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.
Follow Kotak Banking and Financial Services Fund by email
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.
Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 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.