April 23, 2026
RA Jainee
Kotak Banking & Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.88 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 16.88 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 1 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 1,293 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.68% |
| 1 Year Return (%) | 6.86 |
| 3 Year Return (%) | 17.15 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 17.93% |
⚖️ Sahifund Review – Kotak Banking & Financial Services Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
Fund Manager:
1) Shibani Sircar Kurian
Education: Ms. Kurian has done PGDM (Specialization in Finance), BSc (Hons)-Economics
Experience: Prior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
2) Abhishek Bisen
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of Kotak Banking & Financial Services Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 27-Feb-23 |
| Return Since Launch | 17.93% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,293 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.68% |
| (As on 31-Mar-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 30.09% |
Kotak Banking & Financial Services Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak Banking & Financial Services Dir | -0.50 | -0.43 | 9.23 | 0.45 | 1.02 | 6.86 | 17.15 | — | — | — |
| BSE Bankex TRI | -3.52 | -0.39 | 7.04 | -3.62 | -1.47 | 1.85 | 11.43 | — | — | — |
| Equity: Sectoral-Banking | -2.21 | -0.47 | 8.44 | -1.14 | 0.14 | 7.43 | 17.02 | — | — | — |
| Rank within category | 8 | 18 | 14 | 10 | 13 | 14 | 12 | — | — | — |
| Number of funds in category | 40 | 45 | 43 | 40 | 39 | 37 | 19 | 13 | 11 | 11 |
Peer Comparison of Kotak Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Kotak Banking & Financial Services Dir | 3 star | 6.86 | 17.15 | — | 0.68 | 1,293 | 17.93 | 0.50 (30) | 3Y 1M | 30.09 |
| SBI Banking & Financial Services Dir | 4 star | 9.09 | 21.60 | 16.67 | 0.74 | 9,380 | 15.50 | 0.50 (30) | 11Y 1M | 89.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 5.14 | 18.83 | 19.22 | 0.97 | 6,721 | 14.08 | 1.00 (30) | 13Y 3M | 24.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 8.64 | 19.15 | 16.96 | 0.61 | 1,975 | 17.12 | 1.00 (365) | 5Y 4M | 38.00 |
| Invesco India Financial Services Dir | 5 star | 11.68 | 23.18 | 19.09 | 0.81 | 1,480 | 16.02 | 1.00 (365) | 13Y 3M | 26.00 |
Kotak Banking & Financial Services Fund Portfolio
| No. of Stocks | 34 |
| Top 10 Stocks | 64.74% |
| Top 5 Stocks | 48.85% |
| Top 3 Sectors | 96.51% |
| Portfolio P/B Ratio | 2.14 |
| Portfolio P/E Ratio | 15.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,24,475 | 2,58,648 |
| Giant (%) | — | — |
| Large (%) | 69.11 | 72.76 |
| Mid (%) | 17.85 | 20.08 |
| Small (%) | 13.03 | 10.33 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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