Kotak Special Opportunities Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 1 Oct 2026
11.1480
1-day change
-1.12%
1Y return
15.2%
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 5 Jul 2024 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes) and “Special opportunities” median (7)
| Period | Scheme | Category median | Special opportunities median |
|---|---|---|---|
| 1 month | -0.5% | -5.4% | -3.2% |
| 3 months | 4.4% | -3.1% | 0.8% |
| 6 months | 26.2% | 8.5% | 19.3% |
| Year to date | 11.0% | -2.6% | 6.3% |
| 1 year | 15.2% | 0.0% | 9.5% |
| 3 years (CAGR) | n/a | 11.7% | 16.6% |
| 5 years (CAGR) | n/a | 10.6% | 14.4% |
| 7 years (CAGR) | n/a | 15.7% | 20.2% |
| 10 years (CAGR) | n/a | 13.3% | 15.4% |
| Since first NAV (CAGR) | 4.9% | – | – |
“Special opportunities” 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 | 3.9% | 9.8% |
| 3Y rolling median | n/a | 15.6% |
| 3Y rolling worst | n/a | 0.6% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 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.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.34 |
| Sortino ratio | n/a | 0.51 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 2.3% |
| Upside capture | n/a | 103.56 |
| Downside capture | n/a | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −23.6% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | n/a | −22.8% |
| Current drawdown | −4.6% | −8.8% |
| Recovery time of worst fall | 486 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 2.28% a year and the Direct plan's 1.01%, a gap of 1.27%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹28,55,351.
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 increased from 2.27% to 2.28% (AMFI TER disclosure)
- 21 Sep 2026: TER reduced from 2.28% to 2.27% (AMFI TER disclosure)
- 12 Sep 2026: TER reduced from 2.29% to 2.28% (AMFI TER disclosure)
- 9 Sep 2026: TER reduced from 2.30% to 2.29% (AMFI TER disclosure)
- 4 Sep 2026: TER reduced from 2.31% to 2.30% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Devender Singhal | Primary Fund Manager | 25 Jul 2024 |
| Abhishek Bisen | Primary Fund Manager | 25 Jul 2024 |
Objective: The investment objective of the scheme is 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. However, there is no assurance that the objective of the scheme will be achieved.
Stated asset allocation: Investments Indicative Allocation 1.Equity and Equity Related Instruments of special situations theme- 80%-100% 2.Equity and Equity Related Instruments Other than of special situations theme - 0%-20% 3.Debt and Money Market Instruments- 0-20% 4.Units of Gold/Silver ETF - 0-20% 5.Units of InvITs - 0-10%
Benchmark (tier 1): Nifty 500 (Total Return Index)
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/- and any amount thereafter
Allotment date: 1 Jul 2024
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 | 2.28% | 2.38% |
| AUM, whole scheme (₹ crore) | 1,985 | 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) | 17.9% | -2.0% TRI |
Official benchmark: Nifty 500 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 | 11.0% | -7.8% | +18.8% |
| 2025 | 0.9% | 7.7% | −6.7% |
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 | ₹1,34,297 | 22.8% |
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: 152703
ISIN: INF174KA1SC0
First NAV in MFIC data: 5 Jul 2024
History: 2.2 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 |
|---|---|---|---|
| Quant Small Cap Fund | Small Cap | 0.96 | 15.9% |
| Kotak Multi Cap Fund | Multi Cap | 0.96 | 14.1% |
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.95 | n/a |
| Kotak MNC Fund | Sectoral/Thematic | 0.95 | n/a |
| Navi Flexi Cap Fund | Flexi Cap | 0.95 | 8.6% |
| ITI Multi Cap Fund | Multi Cap | 0.95 | 14.2% |
Questions about Kotak Special Opportunities Fund
- What is the latest NAV of Kotak Special Opportunities Fund?
- The NAV of the Regular plan (growth option) was ₹11.1480 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Special Opportunities 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 was the largest fall in Kotak Special Opportunities Fund's NAV?
- The largest peak-to-trough fall in its available history was 23.6%.
- What is the expense ratio (TER) of Kotak Special Opportunities Fund?
- The total expense ratio of the Regular plan is 2.28% 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 large is Kotak Special Opportunities Fund?
- Assets under management of the whole scheme were ₹1,985 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Special Opportunities 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.
- Who manages Kotak Special Opportunities Fund?
- According to its Scheme Summary Document, Kotak Special Opportunities Fund is managed by Devender Singhal (since 25 Jul 2024), Abhishek Bisen (since 25 Jul 2024).
- What is the exit load of Kotak Special Opportunities 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 Special Opportunities Fund?
- The minimum application amount is Rs. 100/- and any amount thereafter. 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 16.7% and the Regular plan's by 15.2%. 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 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.