Kotak Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹1,446 Cr

Expense Ratio

0.70%

ISIN

INF174KA1MD1

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

27 Feb 2023

About this fund

Kotak Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 3 years, 3 months and 17 days, having been launched on 27-Feb-23.
As of 12-Jun-26, it has a Net Asset Value (NAV) of ₹16.66, Assets Under Management (AUM) of 1445.59 Crores, and an expense ratio of 0.7%.

Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.80% since inception.
The fund's asset allocation comprises around 98.12% in equities, 0.00% in debts, and 1.88% in cash & cash equivalents.
You can start investing in Kotak Banking & Financial Services Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+4.63%

+0.19% (Cat Avg.)

3 Years

+14.44%

+11.91% (Cat Avg.)

Since Inception

+16.80%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity	₹1,418.35 Cr	98.12%
Others	₹27.24 Cr	1.88%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹169.81 Cr	11.75%
ICICI Bank Ltd	Equity	₹162.01 Cr	11.21%
State Bank of India	Equity	₹121.04 Cr	8.37%
Axis Bank Ltd	Equity	₹116.75 Cr	8.08%
Bajaj Finance Ltd	Equity	₹82.88 Cr	5.73%
BSE Ltd	Equity	₹72.14 Cr	4.99%
Shriram Finance Ltd	Equity	₹67.41 Cr	4.66%
Kotak Mahindra Bank Ltd	Equity	₹49.25 Cr	3.41%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹36.8 Cr	2.55%
Bank of Maharashtra	Equity	₹34.84 Cr	2.41%
IndusInd Bank Ltd	Equity	₹34.11 Cr	2.36%
Power Finance Corp Ltd	Equity	₹32.37 Cr	2.24%
Poonawalla Fincorp Ltd	Equity	₹31.48 Cr	2.18%
Cholamandalam Investment and Finance Co Ltd	Equity	₹29.98 Cr	2.07%
Jammu & Kashmir Bank Ltd	Equity	₹29.23 Cr	2.02%
SBI Life Insurance Co Ltd	Equity	₹29.01 Cr	2.01%
Bank of Baroda	Equity	₹28.73 Cr	1.99%
Triparty Repo	Cash - Repurchase Agreement	₹28.1 Cr	1.94%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹27.96 Cr	1.93%
Karur Vysya Bank Ltd	Equity	₹26.57 Cr	1.84%
One97 Communications Ltd	Equity	₹26.07 Cr	1.80%
Aptus Value Housing Finance India Ltd	Equity	₹23.48 Cr	1.62%
Nuvama Wealth Management Ltd	Equity	₹23.42 Cr	1.62%
RBL Bank Ltd	Equity	₹21.84 Cr	1.51%
Indian Bank	Equity	₹21.13 Cr	1.46%
Billionbrains Garage Ventures Ltd	Equity	₹20.06 Cr	1.39%
Piramal Finance Ltd	Equity	₹18.85 Cr	1.30%
Prudent Corporate Advisory Services Ltd	Equity	₹15.82 Cr	1.09%
The South Indian Bank Ltd	Equity	₹15.11 Cr	1.05%
Max Financial Services Ltd	Equity	₹14.23 Cr	0.98%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹13.11 Cr	0.91%
India Shelter Finance Corporation Ltd	Equity	₹12.13 Cr	0.84%
Home First Finance Co India Ltd ---	Equity	₹10.62 Cr	0.73%
Net Current Assets/(Liabilities)	Cash	₹-0.86 Cr	0.06%
The Federal Bank Ltd	Equity	₹0.14 Cr	0.01%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹1,379.18 Cr	95.41%
Technology	₹39.18 Cr	2.71%

Risk & Performance Ratios

Fund Managers

Abhishek Bisen

Since February 2023

Shibani Kurian

Since February 2023

Additional Scheme Detailsas of 31st May 2026

ISIN

INF174KA1MD1

Expense Ratio

0.70%

Exit Load

No Charges

Fund Size

₹1,446 Cr

Age

3 years 3 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4357.89 Cr	1.9%
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹574.85 Cr	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹574.85 Cr	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹184.70 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	3.0%	1.0%	₹181.21 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	1.5%	1.0%	₹176.12 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹256.29 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹256.29 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹273.08 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹273.08 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹414.71 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹414.71 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹427.75 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.75 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.0%	1.0%	₹876.05 Cr	5.8%
HSBC Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹876.05 Cr	7.4%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2635.56 Cr	1.9%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹55.89 Cr	22.1%
Edelweiss Nifty Bank ETF Very High Risk	0.5%	-	₹11.64 Cr	1.8%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹189.38 Cr	-0.9%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹189.38 Cr	-2.5%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹4.02 Cr	1.9%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹3136.56 Cr	-0.1%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹363.61 Cr	-0.1%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.8%	1.0%	₹70.14 Cr	5.6%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹70.14 Cr	7.6%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.5%	0.0%	₹591.58 Cr	0.9%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	0.0%	₹591.58 Cr	2.7%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹35.03 Cr	21.9%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹387.84 Cr	1.9%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	1.8%	0.0%	₹1870.92 Cr	6.4%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1870.92 Cr	7.9%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹431.79 Cr	-1.6%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	26.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹7441.66 Cr	-0.2%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹1673.13 Cr	5.9%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3208.68 Cr	1.9%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹2854.44 Cr	1.9%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹399.80 Cr	-0.1%
Bandhan Financial Services Fund Regular Growth Very High Risk	1.9%	0.0%	₹1059.88 Cr	-2.2%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1059.88 Cr	-0.7%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹297.08 Cr	2.0%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3674.01 Cr	1.9%
Quant BFSI Fund Regular Growth Very High Risk	2.4%	1.0%	₹753.02 Cr	15.5%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹394.93 Cr	-0.5%
Quant BFSI Fund Direct Growth Very High Risk	0.8%	1.0%	₹753.02 Cr	17.3%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹282.08 Cr	2.1%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4330.06 Cr	3.5%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4330.06 Cr	2.3%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹6,15,558 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Infinity Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Kotak Multi Asset Active FOF Direct Growth Low Risk	-	1.0%	₹73.45 Cr	-
Kotak Quality Overseas Equity Omni FOF Direct Growth Very High Risk	1.0%	1.0%	₹383.03 Cr	-
Kotak Multi Factor Passive FOF Direct Growth Very High Risk	0.6%	0.0%	₹53.73 Cr	-
Kotak Services Fund Direct Growth Very High Risk	0.9%	0.0%	₹725.97 Cr	-
Kotak Nifty200 Value 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹26.54 Cr	-
Kotak Dividend Yield Fund Direct Growth Very High Risk	0.9%	1.0%	₹228.21 Cr	-
Kotak Nifty500 Momentum 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹23.29 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹795.34 Cr	-
Kotak Gold Silver Passive FOF Direct Growth Very High Risk	0.6%	0.0%	₹1128.04 Cr	-
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1005.20 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1441.83 Cr	-
Kotak Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹33.34 Cr	-
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹225.42 Cr	-
Kotak Nifty 200 Quality 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹16.56 Cr	-
Kotak Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹38.27 Cr	-11.3%
Kotak Energy Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹270.14 Cr	5.2%
Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.1%	0.0%	₹35.02 Cr	3.6%
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹341.02 Cr	6.5%
Kotak Nifty Commodities Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹298.22 Cr	13.9%
Kotak CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹106.01 Cr	6.3%
Kotak BSE Sensex Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹20.85 Cr	-6.9%
Kotak Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹57.02 Cr	-1.0%
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹43.19 Cr	4.0%
Kotak Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹59.31 Cr	3.0%
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹491.21 Cr	6.5%
Kotak MNC Fund Direct Growth Very High Risk	0.7%	0.0%	₹2112.73 Cr	22.1%
Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹418.69 Cr	0.2%
Kotak Nifty India Tourism Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹33.33 Cr	-16.7%
Kotak Crisil-IBX AAA Financial Services Index - Sep 2027 Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹483.83 Cr	6.1%
Kotak Nifty Midcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹80.42 Cr	5.1%
Kotak BSE PSU Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹84.69 Cr	7.5%
Kotak Special Opportunities Fund Direct Growth Very High Risk	0.8%	0.0%	₹1424.74 Cr	10.7%
Kotak Nifty 100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹121.83 Cr	-0.8%
Kotak Fixed Maturity Plan Series 330 - 98 Days Direct Growth Low Risk	-	0.0%	-	-
Kotak Nifty AAA Bond Jun 2025 HTM Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹102.05 Cr	7.5%
Kotak Fixed Maturity Plan Series 329 - 90 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹83.11 Cr	-0.6%
Kotak Technology Fund Direct Growth Very High Risk	0.9%	0.0%	₹526.44 Cr	-19.2%
Kotak Fixed Maturity Plan Series 328 - 90 Days Direct Growth Moderate Risk	-	0.0%	₹144.91 Cr	-
Kotak FMP Series 327 Direct Growth Moderately High risk	-	0.0%	₹206.03 Cr	-
Kotak FMP Series 326 - 175 Days Direct Growth Moderate Risk	-	-	-	-
Kotak FMP Series 325 - 90 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak FMP Series 324 - 109 Days Direct Growth Moderately High risk	-	0.0%	-	-
Kotak Healthcare Fund Direct Growth Very High Risk	0.8%	0.0%	₹560.17 Cr	17.0%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1667.79 Cr	2.9%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹21.15 Cr	4.0%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹13958.01 Cr	18.1%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Kotak Banking & Financial Services Fund Direct Growth?

The NAV of Kotak Banking & Financial Services Fund Direct Growth, as of 12-Jun-2026, is ₹16.66.

What are the returns of Kotak Banking & Financial Services Fund Direct Growth?

The fund has generated 4.63% over the last 1 year and 14.44% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Kotak Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 98.12% in equities, 0.00% in bonds, and 1.88% in cash and cash equivalents.

Who manages the Kotak Banking & Financial Services Fund Direct Growth?

The fund managers responsible for Kotak Banking & Financial Services Fund Direct Growth are:-

Abhishek Bisen
Shibani Kurian

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Kotak Banking & Financial Services Fund Direct Growth

Fund Overview