Kotak Conservative Hybrid Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Conservative Hybrid Fund is a Conservative Hybrid fund and Kotak Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Kotak Conservative Hybrid Fund (Direct) returned 8.3% a year and Kotak Equity Savings Fund (Direct) returned 9.4% a year. Kotak Conservative Hybrid Fund charges 0.60% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 18.7%: they hold 37 of the same securities.
Kotak Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.3%
- Expense ratio
- 0.60%
- NAV
- ₹68.74
Kotak Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Which is better, Kotak Conservative Hybrid or Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Equity Savings returned more over 5 years: 9.1% a year against 7.9%.
- Kotak Equity Savings returned more over 3 years: 9.4% a year against 8.3%.
- Kotak Conservative Hybrid costs less: 0.60% a year against 1.09% (Direct plans).
- Kotak Conservative Hybrid swung less over 3 years: a standard deviation of 4.4% a year against 5.7%.
- Kotak Conservative Hybrid fell less in its worst fall since 17-10-2014: −11.8% against −16.5%.
- Kotak Equity Savings holds more in large companies: 42.8% of the fund in large caps against 14.8%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹2,733 Cr.
- Their portfolios overlap 18.7%: 37 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Kotak Conservative Hybrid Fund | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Conservative Hybrid | Equity Savings |
| AUM | ₹2,733 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹68.74 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 0.60% | 1.09% |
| Expense ratio (Regular) | 1.77% | 2.13% |
| Riskometer | High | Moderately High |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | NIFTY Equity Savings Index (TRI) |
| Launch date | 02-12-2003 | 13-10-2014 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shibani Sircar Kurian, Abhishek Bisen | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 6 months. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
Kotak Conservative Hybrid vs Kotak Equity Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Kotak Conservative Hybrid Fund (Direct) | −0.55% | −1.88% | +0.75% | +0.20% | +8.35% | +7.87% | +9.22% |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 18 Conservative Hybrid funds and the 23 Equity Savings funds, same plan type.
Kotak Conservative Hybrid vs Kotak Equity Savings: Year-wise Returns
| Year | Conservative HybridKotak Conservative Hybrid | Equity SavingsKotak Equity Savings |
|---|---|---|
| 2026to date | −0.70% | −0.57% |
| 2025 | +6.52% | +9.12% |
| 2024 | +12.80% | +12.97% |
| 2023 | +15.40% | +16.89% |
| 2022 | +5.71% | +7.90% |
| 2021 | +14.79% | +12.17% |
Kotak Conservative Hybrid vs Kotak Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,187 of them, one for each trading day from 17-10-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Kotak Conservative Hybrid Fund (Direct)
Kotak Equity Savings Fund (Direct)
to
Jul 2018Jan 2017
to
Jan 2020Aug 2018
to
Aug 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Conservative Hybrid | 0.0 | 0.4 | 37.2 | 60.8 | 1.6 | 0.0 | 0.0 | 10.7% | 11.1% | 3.7% | 15.9% |
| Kotak Equity Savings | 0.0 | 1.5 | 44.9 | 53.3 | 0.2 | 0.0 | 0.0 | 10.4% | 10.4% | 2.1% | 16.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 17-10-2014. Past returns do not promise future returns.
Kotak Conservative Hybrid vs Kotak Equity Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2014 to 30-10-2026: 145 instalments, ₹14,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Conservative HybridKotak Conservative Hybrid Fund (Direct) | ₹14,50,000 | ₹26,40,124 | ₹11,90,124 | 9.5% |
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹14,50,000 | ₹26,60,136 | ₹12,10,136 | 9.6% |
Kotak Conservative HybridKotak Conservative Hybrid Fund (Direct)
Kotak Equity SavingsKotak Equity Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Conservative Hybrid vs Kotak Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Conservative Hybrid Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.20% | +0.58% |
| Standard deviation | 4.19% | 5.72% |
| Sharpe ratio | -1.20 | -0.81 |
| Sortino ratio | -1.57 | -1.05 |
| Maximum drawdown | −4.0% (30-03-2026) | −5.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Kotak Conservative Hybrid Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.35% | +9.45% |
| Standard deviation | 4.40% | 5.66% |
| Sharpe ratio | 0.53 | 0.60 |
| Sortino ratio | 0.72 | 0.82 |
| Maximum drawdown | −4.0% (30-03-2026) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Kotak Conservative Hybrid Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.87% | +9.14% |
| Standard deviation | 4.23% | 5.15% |
| Sharpe ratio | 0.49 | 0.65 |
| Sortino ratio | 0.67 | 0.88 |
| Maximum drawdown | −4.4% (17-06-2022) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Kotak Conservative Hybrid Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.08% | +9.53% |
| Standard deviation | 4.74% | 5.60% |
| Sharpe ratio | 0.85 | 0.68 |
| Sortino ratio | 1.16 | 0.92 |
| Maximum drawdown | −11.8% (23-03-2020) | −16.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Kotak Conservative Hybrid Fund (Direct)
Kotak Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Conservative Hybrid Fund (Direct) | −11.8% | 20-02-2020 | 23-03-2020 | 03-07-2020 | 3 months | −2.6% |
| Kotak Equity Savings Fund (Direct) | −16.5% | 19-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −3.0% |
From daily values since 17-10-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Conservative Hybrid Fund (Direct)
Kotak Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Conservative Hybrid Fund (Direct)
Kotak Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Conservative Hybrid Fund (Direct)
Kotak Equity Savings Fund (Direct)
Kotak Conservative Hybrid vs Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Conservative Hybrid Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 18.7%
- Held by both
- 37
- Only in Kotak Conservative Hybrid
- 78
- Only in Kotak Equity Savings
- 123
| Security | % of Kotak Conservative Hybrid | % of Kotak Equity Savings |
|---|---|---|
| ICICI BANK LTD. | 1.45% | 2.19% |
| STATE BANK OF INDIA. | 1.24% | 2.77% |
| HDFC BANK LTD. | 1.21% | 4.38% |
| BHARTI AIRTEL LTD. | 1.06% | 4.93% |
| Maruti Suzuki India Limited | 1.01% | 2.94% |
| Power Finance Corporation Ltd. | 3.62% | 0.95% |
| Hero MotoCorp Ltd. | 0.93% | 2.23% |
| RELIANCE INDUSTRIES LTD. | 0.85% | 2.02% |
| PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST) | 2.62% | 0.69% |
| PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST) | 2.62% | 0.69% |
| National Housing Bank | 2.10% | 0.69% |
| AXIS BANK LTD. | 0.69% | 1.26% |
| NTPC LTD | 0.65% | 2.24% |
| Bihar State Govt - 2034 - Bihar | 1.25% | 0.56% |
| VEDANTA LTD. | 1.83% | 0.48% |
| Indus Towers Ltd. | 0.48% | 3.38% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 0.90% | 0.47% |
| SWIGGY LTD | 0.43% | 0.73% |
| POONAWALLA FINCORP LIMITED | 0.43% | 1.39% |
| Central Government - 2065 | 6.80% | 0.41% |
| Mphasis Ltd | 0.40% | 0.55% |
| BANK OF BARODA | 0.39% | 1.21% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.37% | 0.53% |
| Radico Khaitan Ltd. | 0.35% | 2.37% |
| Power Finance Corporation Ltd. | 0.25% | 0.75% |
| One 97 Communications Ltd | 0.25% | 3.60% |
| ITC Ltd. | 0.21% | 1.87% |
| INDUSIND BANK LTD. | 0.18% | 1.42% |
| Bihar State Govt - 2035 - Bihar | 0.17% | 0.22% |
| United Spirits Ltd | 0.38% | 0.15% |
| RAAJMARG INFRA INVESTMENT TRUST | 0.30% | 0.15% |
| Ultratech Cement Ltd. | 0.28% | 0.15% |
| BAGMANE PRIME OFFICE REIT | 0.50% | 0.13% |
| Fortis Healthcare India Ltd | 0.34% | 0.07% |
| INDUS INFRA TRUST | 0.06% | 1.33% |
| Tamil Nadu State Govt - 2028 - Tamil Nadu | 0.07% | 0.03% |
| Max Healthcare Institute Ltd. | 0.52% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.7% means 18.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Kotak Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| Central Government - 2055 | 7.12% |
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 3.95% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.62% |
| LIC HOUSING FINANCE LTD. | 2.72% |
| 360 ONE PRIME LTD. | 1.84% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| Adani Ports and Special Economic Zone Limited | 2.47% |
| CUBE HIGHWAYS TRUST | 1.79% |
| EMMVEE PHOTOVOLTAIC POWER LIMITED | 1.38% |
| Hindustan Unilever Ltd. | 1.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Conservative Hybrid | Kotak Equity Savings |
|---|---|---|
| Equity | 23.0% | 64.3% |
| Debt | 59.7% | 16.4% |
| Cash and others | 17.3% | 19.3% |
Market cap of stocks
| Market cap | Kotak Conservative Hybrid | Kotak Equity Savings |
|---|---|---|
| Large Cap | 14.8% | 42.8% |
| Mid Cap | 6.6% | 17.0% |
| Small Cap | 0.9% | 3.9% |
| Not on AMFI's list | 0.6% | 0.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Kotak Conservative Hybrid | Kotak Equity Savings |
|---|---|---|
| Banks | 6.0% | 13.3% |
| Telecom - Services | 1.5% | 8.9% |
| Automobiles | 1.9% | 5.8% |
| Finance | 0.9% | 4.0% |
| Financial Technology (Fintech) | 0.3% | 3.6% |
| Power | 0.7% | 3.5% |
| Pharmaceuticals and Biotechnology | 1.5% | 1.1% |
| IT - Software | 1.3% | 1.4% |
| Healthcare Services | 1.2% | 0.3% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Conservative Hybrid vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Conservative Hybrid Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.60% | 1.09% |
| Base expense ratio (Direct) | 0.49% | 0.57% |
| Total expense ratio (Regular) | 1.77% | 2.13% |
| Base expense ratio (Regular) | 1.48% | 1.45% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Kotak Conservative Hybrid with
- Kotak Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Kotak Conservative Hybrid vs HSBC Conservative Hybrid
- Kotak Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Kotak Conservative Hybrid vs Nippon India Conservative Hybrid
- Kotak Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Kotak Conservative Hybrid Fund vs Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between Kotak Conservative Hybrid Fund and Kotak Equity Savings Fund?
Kotak Conservative Hybrid Fund is a Conservative Hybrid fund, Kotak Equity Savings Fund is an Equity Savings fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 18.7%. Kotak Conservative Hybrid Fund charges 0.60% a year and Kotak Equity Savings Fund 1.09%.
Which has given higher returns, Kotak Conservative Hybrid Fund or Kotak Equity Savings Fund?
Over 1 year: Kotak Conservative Hybrid Fund +0.20%, Kotak Equity Savings Fund +0.58%. Over 3 years: Kotak Conservative Hybrid Fund +8.35% a year, Kotak Equity Savings Fund +9.45% a year. Over 5 years: Kotak Conservative Hybrid Fund +7.87% a year, Kotak Equity Savings Fund +9.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Conservative Hybrid Fund or Kotak Equity Savings Fund?
Kotak Conservative Hybrid Fund charges less: 0.60% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Conservative Hybrid Fund and Kotak Equity Savings Fund overlap?
18.7%. They hold 37 of the same securities, the largest shared ones being ICICIBANK, SBIN, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Conservative Hybrid Fund or Kotak Equity Savings Fund?
On SEBI's riskometer, Kotak Conservative Hybrid Fund is rated High and Kotak Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 4.40% and 5.66% a year.
Which is better for SIP, Kotak Conservative Hybrid Fund or Kotak Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,782 in Kotak Conservative Hybrid Fund (XIRR 7.1% a year) and ₹7,54,250 in Kotak Equity Savings Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Conservative Hybrid Fund and Kotak Equity Savings Fund?
Yes. 18.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Conservative Hybrid Fund and Kotak Equity Savings Fund?
Kotak Conservative Hybrid Fund: Shibani Sircar Kurian, Abhishek Bisen. Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.