Kotak Infrastructure and Economic Reform Fund Direct Growth

Fund Overview

Fund Size

₹2,055 Cr

Expense Ratio

0.69%

ISIN

INF178L01AL9

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Kotak Infrastructure and Economic Reform Fund Direct Growth is a Equity - Infrastructure mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 13 years, 3 months and 19 days, having been launched on 01-Jan-13.
As of 17-Apr-26, it has a Net Asset Value (NAV) of ₹79.52, Assets Under Management (AUM) of 2054.92 Crores, and an expense ratio of 0.69%.

Kotak Infrastructure and Economic Reform Fund Direct Growth has given a CAGR return of 17.81% since inception.
The fund's asset allocation comprises around 100.16% in equities, 0.00% in debts, and -0.16% in cash & cash equivalents.
You can start investing in Kotak Infrastructure and Economic Reform 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

+14.74%

+10.43% (Cat Avg.)

3 Years

+21.50%

+23.60% (Cat Avg.)

5 Years

+23.90%

+22.32% (Cat Avg.)

10 Years

+17.64%

+16.74% (Cat Avg.)

Since Inception

+17.81%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2026

Equity	₹2,058.22 Cr	100.16%
Others	₹-3.3 Cr	-0.16%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Larsen & Toubro Ltd	Equity	₹212.7 Cr	10.35%
Bharti Airtel Ltd	Equity	₹134.57 Cr	6.55%
Reliance Industries Ltd	Equity	₹106.17 Cr	5.17%
Indus Towers Ltd Ordinary Shares	Equity	₹94.08 Cr	4.58%
Kalpataru Projects International Ltd	Equity	₹66.63 Cr	3.24%
Cummins India Ltd	Equity	₹65.61 Cr	3.19%
Solar Industries India Ltd	Equity	₹65.21 Cr	3.17%
UltraTech Cement Ltd	Equity	₹64.47 Cr	3.14%
Shree Cement Ltd	Equity	₹62.15 Cr	3.02%
VST Tillers Tractors Ltd	Equity	₹61.97 Cr	3.02%
Bosch Ltd	Equity	₹50.3 Cr	2.45%
Mahindra Logistics Ltd	Equity	₹47.32 Cr	2.30%
Ashok Leyland Ltd	Equity	₹46.24 Cr	2.25%
Bharat Electronics Ltd	Equity	₹40.07 Cr	1.95%
Sansera Engineering Ltd	Equity	₹39.42 Cr	1.92%
Shriram Finance Ltd	Equity	₹39.24 Cr	1.91%
KSH International Ltd	Equity	₹34.28 Cr	1.67%
Kajaria Ceramics Ltd	Equity	₹33.12 Cr	1.61%
Engineers India Ltd	Equity	₹32.78 Cr	1.60%
Schaeffler India Ltd	Equity	₹32.68 Cr	1.59%
Atlanta Electricals Ltd	Equity	₹32.14 Cr	1.56%
InterGlobe Aviation Ltd	Equity	₹31.94 Cr	1.55%
Ratnamani Metals & Tubes Ltd	Equity	₹31.71 Cr	1.54%
Greenpanel Industries Ltd Ordinary Shares	Equity	₹30.84 Cr	1.50%
Bharat Forge Ltd	Equity	₹30.14 Cr	1.47%
ABB India Ltd	Equity	₹30 Cr	1.46%
Samvardhana Motherson International Ltd	Equity	₹29.32 Cr	1.43%
G R Infraprojects Ltd	Equity	₹28.72 Cr	1.40%
Container Corporation of India Ltd	Equity	₹28.71 Cr	1.40%
V-Guard Industries Ltd	Equity	₹28.35 Cr	1.38%
Carborundum Universal Ltd	Equity	₹27.93 Cr	1.36%
Power Finance Corp Ltd	Equity	₹27.32 Cr	1.33%
Emmvee Photovoltaic Power Ltd	Equity	₹26.69 Cr	1.30%
Jyoti CNC Automation Ltd	Equity	₹26.45 Cr	1.29%
AIA Engineering Ltd	Equity	₹26.18 Cr	1.27%
NTPC Ltd	Equity	₹26.02 Cr	1.27%
Astra Microwave Products Ltd	Equity	₹25.67 Cr	1.25%
Mahindra Lifespace Developers Ltd	Equity	₹25.08 Cr	1.22%
Ashoka Buildcon Ltd	Equity	₹24.82 Cr	1.21%
Park Medi World Ltd	Equity	₹23.45 Cr	1.14%
Apollo Tyres Ltd	Equity	₹22.26 Cr	1.08%
Oil India Ltd	Equity	₹21.4 Cr	1.04%
Azad Engineering Ltd	Equity	₹21.37 Cr	1.04%
Petronet LNG Ltd	Equity	₹20.12 Cr	0.98%
Exide Industries Ltd	Equity	₹16.99 Cr	0.83%
WPIL Ltd	Equity	₹15.07 Cr	0.73%
M & B Engineering Ltd	Equity	₹14.27 Cr	0.69%
Brigade Enterprises Ltd	Equity	₹11.17 Cr	0.54%
Concord Enviro Systems Ltd	Equity	₹8.94 Cr	0.44%
H.G. Infra Engineering Ltd Ordinary Shares	Equity	₹8.52 Cr	0.41%
Gujarat State Petronet Ltd	Equity	₹7.59 Cr	0.37%
Net Current Assets/(Liabilities)	Cash	₹-5.4 Cr	0.26%
Triparty Repo	Cash - Repurchase Agreement	₹2.1 Cr	0.10%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹985.2 Cr	47.94%
Basic Materials	₹254.38 Cr	12.38%
Communication Services	₹228.66 Cr	11.13%
Consumer Cyclical	₹221.11 Cr	10.76%
Energy	₹147.69 Cr	7.19%
Financial Services	₹66.57 Cr	3.24%
Technology	₹52.36 Cr	2.55%
Utilities	₹42.55 Cr	2.07%
Real Estate	₹36.25 Cr	1.76%
Healthcare	₹23.45 Cr	1.14%

Risk & Performance Ratios

Fund Managers

Nalin Bhatt

Since October 2023

Additional Scheme Detailsas of 31st March 2026

ISIN

INF178L01AL9

Expense Ratio

0.69%

Exit Load

No Charges

Fund Size

₹2,055 Cr

Age

13 years 3 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Infrastructure 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 Equity - Infrastructure Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Nifty India Infrastructure & Logistics ETF Very High Risk	0.2%	-	₹7.23 Cr	-
Mirae Asset Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹330.36 Cr	-
Mirae Asset Infrastructure Fund Regular Growth Very High Risk	2.4%	1.0%	₹330.36 Cr	-
Nippon India Nifty India Manufacturing ETF Very High Risk	0.3%	-	₹11.27 Cr	-
Motilal Oswal Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹113.43 Cr	-
Motilal Oswal Infrastructure Fund Regular Growth Very High Risk	2.4%	1.0%	₹113.43 Cr	-
Motilal Oswal Nifty Realty ETF Very High Risk	0.4%	-	₹242.21 Cr	-6.9%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2057.60 Cr	12.7%
LIC MF Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹904.53 Cr	19.6%
SBI Infrastructure Fund Direct Growth Very High Risk	1.0%	0.0%	₹4108.96 Cr	5.1%
ICICI Prudential Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹7553.54 Cr	12.2%
Kotak Infrastructure and Economic Reform Fund Direct Growth Very High Risk	0.7%	0.0%	₹2054.92 Cr	14.7%
Taurus Infrastructure Fund Regular Growth Very High Risk	2.5%	1.0%	₹7.96 Cr	4.3%
Bandhan Infrastructure Fund Direct Growth Very High Risk	0.9%	0.0%	₹1277.67 Cr	3.9%
Invesco India Infrastructure Fund Direct Growth Very High Risk	0.9%	1.0%	₹1214.55 Cr	9.6%
Bandhan Infrastructure Fund Regular Growth Very High Risk	2.1%	0.0%	₹1277.67 Cr	2.6%
HSBC Infrastructure Fund Regular Growth Very High Risk	2.1%	1.0%	₹2057.60 Cr	11.5%
Quant Infrastructure Fund Regular Growth Very High Risk	2.0%	0.0%	₹2489.26 Cr	9.1%
SBI Infrastructure Fund Regular Growth Very High Risk	1.9%	0.0%	₹4108.96 Cr	4.1%
Nippon India ETF Nifty Infrastructure BeES Very High Risk	0.5%	-	₹169.95 Cr	7.8%
UTI Infrastructure Fund Direct Growth Very High Risk	1.9%	1.0%	₹1914.28 Cr	6.3%
HDFC Infrastructure Fund Direct Growth Very High Risk	1.2%	1.0%	₹2131.53 Cr	6.9%
Aditya Birla Sun Life Infrastructure Fund Direct Growth Very High Risk	1.4%	1.0%	₹1000.74 Cr	15.6%
Bank of India Manufacturing and Infrastructure fund Direct Growth Very High Risk	0.6%	1.0%	₹647.14 Cr	23.8%
Canara Robeco Infrastructure Direct Growth Very High Risk	1.0%	1.0%	₹864.49 Cr	18.0%
Sundaram Infrastructure Advantage Fund Direct Growth Very High Risk	1.6%	0.0%	₹872.61 Cr	16.2%
Tata Infrastructure Fund Direct Growth Very High Risk	1.2%	0.0%	₹1790.38 Cr	10.5%
Taurus Infrastructure Fund Direct Growth Very High Risk	2.5%	1.0%	₹7.96 Cr	4.9%
DSP India TIGER Fund Direct Growth Very High Risk	0.7%	1.0%	₹4979.31 Cr	19.0%
Quant Infrastructure Fund Direct Growth Very High Risk	0.9%	0.0%	₹2489.26 Cr	10.4%
Franklin Build India Direct Growth Very High Risk	1.0%	1.0%	₹2858.37 Cr	13.5%
Franklin Build India Regular Growth Very High Risk	2.0%	1.0%	₹2858.37 Cr	12.3%
Invesco India Infrastructure Fund Regular Growth Very High Risk	2.1%	1.0%	₹1214.55 Cr	8.2%
HDFC Infrastructure Fund Regular Growth Very High Risk	2.1%	1.0%	₹2131.53 Cr	5.9%
Kotak Infrastructure and Economic Reform Fund Regular Growth Very High Risk	2.0%	0.0%	₹2054.92 Cr	13.2%
LIC MF Infrastructure Fund Regular Growth Very High Risk	2.3%	1.0%	₹904.53 Cr	17.9%
Aditya Birla Sun Life Infrastructure Fund Regular Growth Very High Risk	2.3%	1.0%	₹1000.74 Cr	14.6%
DSP India TIGER Fund Regular Growth Very High Risk	1.9%	1.0%	₹4979.31 Cr	17.7%
Canara Robeco Infrastructure Regular Growth Very High Risk	2.3%	1.0%	₹864.49 Cr	16.5%
Sundaram Infrastructure Advantage Fund Regular Growth Very High Risk	2.4%	0.0%	₹872.61 Cr	15.5%
ICICI Prudential Infrastructure Fund Regular Growth Very High Risk	1.9%	1.0%	₹7553.54 Cr	11.4%
UTI Infrastructure Fund Regular Growth Very High Risk	2.2%	1.0%	₹1914.28 Cr	6.0%
ICICI Prudential Nifty Infrastructure ETF Very High Risk	0.5%	-	₹365.12 Cr	8.2%
Tata Infrastructure Fund Regular Growth Very High Risk	2.1%	0.0%	₹1790.38 Cr	9.5%
Bank of India Manufacturing and Infrastructure fund Regular Growth Very High Risk	2.2%	1.0%	₹647.14 Cr	21.8%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹6,16,950 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
Kotak Multi Asset Active FOF Direct Growth Very High Risk	-	1.0%	-	-
Kotak Quality Overseas Equity Omni FOF Direct Growth Low Risk	-	1.0%	-	-
Kotak Multi Factor Passive FOF Direct Growth Very High Risk	-	0.0%	-	-
Kotak Services Fund Direct Growth Very High Risk	-	0.0%	₹712.06 Cr	-
Kotak Nifty200 Value 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹11.35 Cr	-
Kotak Dividend Yield Fund Direct Growth Very High Risk	0.9%	1.0%	₹204.02 Cr	-
Kotak Nifty500 Momentum 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹16.92 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹759.93 Cr	-
Kotak Gold Silver Passive FOF Direct Growth Very High Risk	0.7%	0.0%	₹984.23 Cr	-
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1108.58 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1303.76 Cr	-
Kotak Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹24.55 Cr	-
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹215.68 Cr	-
Kotak Nifty 200 Quality 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹14.00 Cr	-
Kotak Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹37.11 Cr	-
Kotak Energy Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹254.82 Cr	-
Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.1%	0.0%	₹24.72 Cr	13.4%
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹317.35 Cr	6.7%
Kotak Nifty Commodities Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹258.83 Cr	19.3%
Kotak CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹197.72 Cr	6.9%
Kotak BSE Sensex Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹15.24 Cr	0.8%
Kotak Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹43.63 Cr	6.5%
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹35.65 Cr	10.0%
Kotak Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹59.11 Cr	9.4%
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹448.21 Cr	18.9%
Kotak MNC Fund Direct Growth Very High Risk	0.6%	0.0%	₹1791.78 Cr	23.9%
Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹319.28 Cr	9.9%
Kotak Nifty India Tourism Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹27.77 Cr	-18.2%
Kotak Crisil-IBX AAA Financial Services Index - Sep 2027 Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹524.43 Cr	6.9%
Kotak Nifty Midcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹63.52 Cr	14.9%
Kotak BSE PSU Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹80.41 Cr	20.6%
Kotak Special Opportunities Fund Direct Growth Very High Risk	0.8%	0.0%	₹1232.86 Cr	10.8%
Kotak Nifty 100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹117.74 Cr	4.4%
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%	₹97.79 Cr	-1.8%
Kotak Technology Fund Direct Growth Very High Risk	0.9%	0.0%	₹504.02 Cr	-1.7%
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	0.7%	0.0%	₹442.28 Cr	8.1%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1527.21 Cr	7.0%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹19.57 Cr	3.4%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.5%	1.0%	₹12073.43 Cr	28.1%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹11.79 Cr	-1.1%
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth Low to Moderate Risk	-	0.0%	-	-

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Kotak Infrastructure and Economic Reform Fund Direct Growth?

The NAV of Kotak Infrastructure and Economic Reform Fund Direct Growth, as of 17-Apr-2026, is ₹79.52.

What are the returns of Kotak Infrastructure and Economic Reform Fund Direct Growth?

The fund has generated 14.74% over the last 1 year and 21.50% 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 Infrastructure and Economic Reform Fund Direct Growth?

The fund's allocation of assets is distributed as 100.16% in equities, 0.00% in bonds, and -0.16% in cash and cash equivalents.

Who manages the Kotak Infrastructure and Economic Reform Fund Direct Growth?

The fund managers responsible for Kotak Infrastructure and Economic Reform Fund Direct Growth are:-

Nalin Bhatt

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 Infrastructure and Economic Reform Fund Direct Growth

Fund Overview