Kotak Flexi Cap Fund
Kotak Mahindra Mutual Fund · Flexi Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
80.4960
1-day change
-0.99%
1Y return
-4.6%
3Y CAGR
9.2%
5Y CAGR
8.8%
Max drawdown, 5Y
−18.1%
NAV history month-end NAV, ₹ · 17 Sep 2009 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -6.0% | -5.6% |
| 3 months | -5.8% | -3.0% |
| 6 months | 2.8% | 9.3% |
| Year to date | -7.6% | -3.5% |
| 1 year | -4.6% | -0.9% |
| 3 years (CAGR) | 9.2% | 9.7% |
| 5 years (CAGR) | 8.8% | 8.7% |
| 7 years (CAGR) | 12.5% | 13.3% |
| 10 years (CAGR) | 11.8% | 12.0% |
| Since first NAV (CAGR) | 12.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.3% | 10.0% |
| 3Y rolling median | 15.4% | 15.0% |
| 3Y rolling worst | -5.2% | -4.0% |
| 3Y periods positive | 98% | 99% |
| 3Y periods ahead of benchmark | 41% | 41% |
| 5Y rolling median | 15.3% | 14.6% |
| 5Y rolling worst | 1.2% | 0.8% |
| 5Y periods ahead of benchmark | 3% | 14% |
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.) | 15.2% | 15.6% |
| Sharpe ratio | 0.26 | 0.29 |
| Sortino ratio | 0.37 | 0.41 |
| Beta | 0.95 | 0.96 |
| Alpha (ann.) | 0.7% | 1.1% |
| Upside capture | 98.23 | 99.18 |
| Downside capture | 95.81 | 97.41 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −37.4% | −30.0% |
| Maximum drawdown, last 10Y | −37.4% | −36.7% |
| Maximum drawdown, last 5Y | −18.1% | −20.5% |
| Current drawdown | −9.9% | −7.2% |
| Recovery time of worst fall | 235 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 9% of days since 2022 (median 23.5)
- 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.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.49% a year and the Direct plan's 0.66%, a gap of 0.83%; over the last 3 years the Direct plan returned 0.93 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 ₹20,08,054.
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 1.48% to 1.49% (AMFI TER disclosure)
- 21 Sep 2026: TER reduced from 1.49% to 1.48% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.48% to 1.49% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harsha Upadhyaya | FM 1 Primary | 1 Aug 2004 |
Objective: The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors. However, there is no assurance that the objective of the scheme will be realized
Stated asset allocation: Equity and Equity related Securities - 65% to 100% - Medium to High ( Risk Profile) Debt & Money Market Instruments - 0% to 35% - Low ( Risk Profile) Units issued by InvITs - 0-10% - Medium to High ( Risk Profile)
Benchmark (tier 1): NIFTY 500 TRI
Exit load: For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year from the date of allotment: NIL
Minimum application: Rs. 100/-
Allotment date: 11 Sep 2009
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 | 1.49% | 2.19% |
| AUM, whole scheme (₹ crore) | 54,816 | 4,704 |
| 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) | -3.0% | -2.0% TRI |
| Return, 3 years (AMFI) | 9.5% | 9.5% TRI |
| Return, 5 years (AMFI) | 9.0% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 65% | 48% median |
| Month-ends in category top quartile (3Y) | 29% | 18% median |
| 7Y rolling CAGR, median (monthly windows) | 14.8% | 13.6% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap 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 | -7.6% | -7.8% | +0.2% |
| 2025 | 9.5% | 7.7% | +1.8% |
| 2024 | 16.5% | 15.6% | +0.9% |
| 2023 | 24.2% | 26.5% | −2.3% |
| 2022 | 5.0% | 3.8% | +1.2% |
| 2021 | 25.4% | 30.6% | −5.3% |
| 2020 | 11.8% | 17.2% | −5.5% |
| 2019 | 12.3% | n/a | – |
| 2018 | -0.9% | n/a | – |
| 2017 | 34.3% | 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 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,13,584 | -9.8% |
| 3 years | ₹3,60,000 | ₹3,69,037 | 1.6% |
| 5 years | ₹6,00,000 | ₹7,29,690 | 7.8% |
| 10 years | ₹12,00,000 | ₹21,56,490 | 11.3% |
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: Flexi Cap
Plan / option: Regular · Growth
AMFI scheme code: 112090
ISIN: INF174K01336
First NAV in MFIC data: 17 Sep 2009
History: 17.0 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 |
|---|---|---|---|
| Kotak Large Cap Fund | Large Cap | 0.98 | 7.6% |
| Kotak Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 10.5% |
| Tata Large Cap Fund | Large Cap | 0.97 | 7.6% |
| Groww Large Cap Fund | Large Cap | 0.97 | 7.6% |
| Kotak Focused Fund | Focused | 0.97 | 11.7% |
| BAJAJ FINSERV LARGE CAP FUND | Large Cap | 0.97 | n/a |
Questions about Kotak Flexi Cap Fund
- What is the latest NAV of Kotak Flexi Cap Fund?
- The NAV of the Regular plan (growth option) was ₹80.4960 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Regular plans).
- What returns has Kotak Flexi Cap Fund delivered?
- Over one year the NAV changed by -4.6%. The 3-year CAGR is 9.2% (category median 9.7%) and the 5-year CAGR is 8.8% (category median 8.7%). 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 15.4%, the lowest was -5.2%, and 98% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 41% of those periods.
- What was the largest fall in Kotak Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 37.4%; within the last five years it was 18.1% (category median 20.5%).
- How volatile is Kotak Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.2%, which is below the Flexi Cap category median of 15.6%.
- What would a monthly SIP in Kotak Flexi Cap 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 ₹7,29,690 on 1 Oct 2026, an annualised return (XIRR) of 7.8%. 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 Flexi Cap Fund?
- The total expense ratio of the Regular plan is 1.49% a year, as disclosed to AMFI (median of Flexi Cap Regular plans: 2.19%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Flexi Cap Fund?
- Assets under management of the whole scheme were ₹54,816 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Flexi Cap 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 Flexi Cap Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 9.5% for this plan against 9.5% for the benchmark total return index; over 5 years 9.0% against 9.0%. Past performance does not indicate future results.
- How often has Kotak Flexi Cap Fund beaten its category?
- At 65% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Flexi Cap schemes (Regular plans); it was in the top quarter at 29% of them. A typical scheme would show about 50%.
- Who manages Kotak Flexi Cap Fund?
- According to its Scheme Summary Document, Kotak Flexi Cap Fund is managed by Harsha Upadhyaya (since 1 Aug 2004).
- What is the exit load of Kotak Flexi Cap Fund?
- As stated in its scheme documents: For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year 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 Flexi Cap 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 -3.8% and the Regular plan's by -4.6%. 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 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.