May 14, 2026
RA Jainee
Kotak ESG Exclusionary Strategy Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 17.45 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 17.45 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 1 |
| Benchmark | NIFTY 100 ESG TRI |
| AUM Rs. | 709 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.90% |
| 1 Year Return (%) | 1.52 |
| 3 Year Return (%) | 12.94 |
| 5 Year Return (%) | 10.89 |
| 10 Year Return (%) | — |
| Return Since Launch | 11.27% |
⚖️ Sahifund Review – Kotak ESG Exclusionary Strategy Fund ✔
PLUS:
✓ Backed by the strong institutional investment framework and research depth of Kotak Mahindra Mutual Fund.
✓ Reasonable expense ratio of 0.90% compares favourably with several ESG-oriented peer funds.
✓ 3-year returns of 12.94% have remained broadly competitive within the ESG category.
✓ Fund has marginally outperformed the benchmark on 1-year and medium-term periods despite volatile markets.
✓ Diversified portfolio of 48 stocks reduces excessive single-stock concentration risk.
✓ Large-cap allocation above 80% provides relative portfolio stability and governance-focused exposure.
✓ Suitable for SIP investors seeking quality-oriented ESG investing with relatively moderate risk compared to aggressive thematic funds.
MINUS:
⚖️ 5-year returns lag the broader BSE 100 TRI benchmark, indicating limited alpha generation over longer periods.
⚖️ Recent return momentum remains relatively muted with only 1.52% 1-year return.
⚖️ Large-cap heavy allocation may restrict strong upside participation during mid-cap rallies.
⚖️ ESG investing themes can underperform in momentum-driven or cyclical market phases.
⚖️ Top 3 sectors account for nearly 65% exposure, creating moderate sector concentration risk.
⚖️ Limited small-cap exposure reduces aggressive growth potential compared to diversified flexi-cap strategies.
⚖️ Investors may achieve similar risk-adjusted outcomes through diversified large-cap or flexi-cap funds at lower thematic risk.
Sahifund View (Decisive Line):
Kotak ESG Exclusionary Strategy Fund can suit disciplined long-term SIP investors seeking governance-focused large-cap exposure, but diversified flexi-cap funds still remain a more practical core allocation for most investors
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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?
ESG funds are suitable for investors:
1. Seeking exposure in shares of companies demonstrating sustainable practices across Environmental, Social and Governance (ESG) parameters for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate capital appreciation by investing in a diversified portfolio of companies that follow Environmental, Social and Governance parameters.
Fund Manager:
1) Mandar Pawar
Education: Mr. Pawar has done B.Com and MMS
Experience: Prior to joining Kotak Mahindra Mutual Fund, he has worked with KR Choksey Securities and MF Global Sify Securities
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 90 days |
Basic Details of Kotak ESG Exclusionary Strategy Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 11-Dec-20 |
| Return Since Launch | 11.27% |
| Benchmark | NIFTY 100 ESG TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 709 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.90% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 22.63% |
Kotak ESG Exclusionary Strategy Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak ESG Exclusionary Strategy Dir | -7.46 | -0.96 | 6.99 | -6.16 | -6.22 | 1.52 | 12.94 | 10.89 | — | — |
| BSE 100 TRI | -7.01 | -0.80 | 8.51 | -4.19 | -5.68 | 1.25 | 12.85 | 12.77 | — | — |
| Equity: Thematic-ESG | -6.57 | -0.63 | 9.04 | -3.42 | -6.01 | 0.42 | 13.74 | 12.27 | — | — |
| Rank within category | 6 | 10 | 10 | 10 | 4 | 3 | 4 | 6 | — | — |
| Number of funds in category | 10 | 11 | 11 | 10 | 10 | 10 | 9 | 9 | 1 | 1 |
Peer Comparison of Kotak ESG Exclusionary Strategy 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 ESG Exclusionary Strategy Dir | Unrated | 1.52 | 12.94 | 10.89 | 0.90 | 709 | 11.27 | 0.50 (90) | 5Y 4M | 22.63 |
| SBI ESG Exclusionary Strategy Dir | Unrated | 1.37 | 12.91 | 12.02 | 1.31 | 4,810 | 13.23 | 1.00 (365) | 13Y 4M | 22.00 |
| ICICI Pru ESG Exclusionary Strategy Dir | Unrated | -1.53 | 17.33 | 13.74 | 1.47 | 1,246 | 15.73 | 1.00 (365) | 5Y 6M | 30.00 |
| Axis ESG Integration Strategy Dir | Unrated | -0.54 | 11.61 | 9.14 | 2.82 | 1,006 | 13.46 | 1.00 (365) | 6Y 2M | 51.00 |
| Baroda BNP Paribas ESG Best-in-class strategy Dir | Unrated | — | — | — | 0.71 | 635 | 2.57 | 1.00 (365) | 1M | 18.00 |
Kotak ESG Exclusionary Strategy Fund Portfolio
| No. of Stocks | 48 |
| Top 10 Stocks | 46.57% |
| Top 5 Stocks | 27.54% |
| Top 3 Sectors | 64.96% |
| Portfolio P/B Ratio | 3.28 |
| Portfolio P/E Ratio | 21.63 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,50,473 | 2,23,098 |
| Giant (%) | — | — |
| Large (%) | 80.68 | 74.29 |
| Mid (%) | 15.85 | 13.76 |
| Small (%) | 3.46 | 14.34 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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