Kotak Contra Fund vs Kotak Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Contra Fund is a Value and Contra fund and Kotak Dividend Yield Fund is a Dividend Yield fund. Kotak Contra Fund charges 0.80% a year and Kotak Dividend Yield Fund 1.14% (Direct plans). Their portfolios overlap 48.0%: they hold 27 of the same securities.
Which is better, Kotak Contra or Kotak Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Contra costs less: 0.80% a year against 1.14% (Direct plans).
- Kotak Dividend Yield fell less in its worst fall since 03-02-2026: −12.3% against −13.5%.
- Kotak Dividend Yield holds more in large companies: 64.7% of the fund in large caps against 51.2%.
- Kotak Contra is the larger fund: ₹5,196 Cr against ₹273 Cr.
- Their portfolios overlap 48.0%: 27 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 Contra Fund | Kotak Dividend Yield Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Value and Contra | Dividend Yield |
| AUM | ₹5,196 Cr (30-09-2026) | ₹273 Cr (30-09-2026) |
| NAV | ₹170.58 (Direct) | ₹9.18 (Direct) |
| Expense ratio (Direct) | 0.80% | 1.14% |
| Expense ratio (Regular) | 2.03% | 2.57% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 27-07-2005 | 27-01-2026 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shibani Kurian | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | Exit load of 1% if redeemed within 90 days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. |
Kotak Contra vs Kotak Dividend Yield: 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 Contra Fund (Direct) | −2.39% | −7.04% | −3.27% | −7.37% | +13.69% | +12.60% | +15.65% |
| Kotak Dividend Yield Fund (Direct) | −0.42% | −6.96% | −4.01% | -- | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds and the 12 Dividend Yield funds, same plan type.
Kotak Contra vs Kotak Dividend Yield: Year-wise Returns
| Year | ContraKotak Contra | Dividend YieldKotak Dividend Yield | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −8.36% | -- | −7.51% |
| 2025 | +8.82% | -- | +7.76% |
| 2024 | +23.74% | -- | +16.24% |
| 2023 | +36.86% | -- | +26.91% |
| 2022 | +8.88% | -- | +4.25% |
| 2021 | +31.94% | -- | +31.60% |
Kotak Contra vs Kotak Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Kotak Contra vs Kotak Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Contra Fund (Direct) | Kotak Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.38% | −11.19% |
| Standard deviation | 15.41% | 14.22% |
| Sharpe ratio | 0.61 | -1.15 |
| Sortino ratio | 0.82 | -1.49 |
| Maximum drawdown | −37.9% (23-03-2020) | −12.3% (30-03-2026) |
| Beta | 0.95 | 0.90 |
| Alpha | +2.91% | −4.62% |
From daily NAVs, 02-01-2013 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 Contra Fund (Direct)
Kotak Dividend Yield Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Contra Fund (Direct) | −13.5% | 11-02-2026 | 31-03-2026 | 06-08-2026 | 4 months | −9.0% |
| Kotak Dividend Yield Fund (Direct) | −12.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.2% |
| Nifty 500 TRI | −13.6% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.9% |
From daily values since 03-02-2026, the first day every fund has.
Kotak Contra vs Kotak Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Contra Fund, September 2026; Kotak Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 48.0%
- Held by both
- 27
- Only in Kotak Contra
- 36
- Only in Kotak Dividend Yield
- 30
| Security | % of Kotak Contra | % of Kotak Dividend Yield |
|---|---|---|
| HDFC BANK LTD. | 5.06% | 5.55% |
| ICICI BANK LTD. | 5.93% | 4.94% |
| RELIANCE INDUSTRIES LTD. | 2.70% | 2.62% |
| STATE BANK OF INDIA. | 3.24% | 2.51% |
| Larsen and Toubro Ltd. | 2.50% | 2.54% |
| BHARTI AIRTEL LTD. | 2.42% | 2.62% |
| NTPC LTD | 2.46% | 2.20% |
| SHRIRAM FINANCE LIMITED | 2.53% | 1.95% |
| Indus Towers Ltd. | 1.70% | 1.84% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.70% | 2.16% |
| Ultratech Cement Ltd. | 1.85% | 1.68% |
| Maruti Suzuki India Limited | 1.96% | 1.65% |
| AXIS BANK LTD. | 1.48% | 1.81% |
| Infosys Ltd. | 1.83% | 1.45% |
| INDUSIND BANK LTD. | 1.43% | 2.00% |
| Bharat Electronics Ltd. | 1.50% | 1.42% |
| Schaeffler India Ltd | 1.42% | 2.74% |
| BANK OF MAHARASHTRA | 1.32% | 2.39% |
| Ajanta Pharma Ltd. | 1.19% | 1.25% |
| Tech Mahindra Ltd. | 2.10% | 1.17% |
| BAJAJ FINANCE LTD. | 1.49% | 1.15% |
| Tata Steel Ltd. | 1.10% | 1.51% |
| Ashok Leyland Ltd. | 1.11% | 0.86% |
| DLF LIMITED | 1.04% | 0.84% |
| Hindalco Industries Ltd. | 0.80% | 1.02% |
| Hero MotoCorp Ltd. | 2.67% | 0.74% |
| L&T FINANCE LTD | 0.65% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.0% means 48.0% 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 Contra Fund
| Security | % of fund |
|---|---|
| SWIGGY LTD | 2.26% |
| POONAWALLA FINCORP LIMITED | 2.09% |
| Mphasis Ltd | 2.00% |
| Fortis Healthcare India Ltd | 1.98% |
| INDO-MIM LTD | 1.93% |
Largest holdings only in Kotak Dividend Yield Fund
| Security | % of fund |
|---|---|
| Solar Industries India Limited | 2.64% |
| KARUR VYSYA BANK LTD. | 2.38% |
| Ujjivan Small Finance Bank Ltd. | 2.15% |
| ASTER DM HEALTHCARE LTD | 2.07% |
| Max Healthcare Institute Ltd. | 2.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Contra | Kotak Dividend Yield |
|---|---|---|
| Equity | 98.9% | 94.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 5.9% |
Market cap of stocks
| Market cap | Kotak Contra | Kotak Dividend Yield |
|---|---|---|
| Large Cap | 51.2% | 64.7% |
| Mid Cap | 28.8% | 22.9% |
| Small Cap | 14.0% | 6.5% |
| Not on AMFI's list | 4.9% | 0.0% |
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 Contra | Kotak Dividend Yield |
|---|---|---|
| Banks | 22.3% | 24.8% |
| Finance | 8.2% | 8.3% |
| Pharmaceuticals and Biotechnology | 5.5% | 6.2% |
| Healthcare Services | 5.4% | 6.1% |
| IT - Software | 5.9% | 5.0% |
| Automobiles | 4.6% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Contra vs Kotak Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Contra Fund | Kotak Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 1.14% |
| Base expense ratio (Direct) | 0.55% | 0.90% |
| Total expense ratio (Regular) | 2.03% | 2.57% |
| Base expense ratio (Regular) | 1.60% | 2.10% |
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 Contra with
Kotak Contra Fund vs Kotak Dividend Yield Fund: Frequently Asked Questions
What is the difference between Kotak Contra Fund and Kotak Dividend Yield Fund?
Kotak Contra Fund is a Value and Contra fund, Kotak Dividend Yield Fund is a Dividend Yield fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 48.0%. Kotak Contra Fund charges 0.80% a year and Kotak Dividend Yield Fund 1.14%.
Which has the lower expense ratio, Kotak Contra Fund or Kotak Dividend Yield Fund?
Kotak Contra Fund charges less: 0.80% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Contra Fund and Kotak Dividend Yield Fund overlap?
48.0%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Kotak Contra Fund or Kotak Dividend Yield Fund?
On SEBI's riskometer, Kotak Contra Fund is rated Very High and Kotak Dividend Yield Fund Very High. Over their common history, the standard deviation of daily returns was 15.41% and 14.22% a year.
Can I invest in both Kotak Contra Fund and Kotak Dividend Yield Fund?
Yes. 48.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Contra Fund and Kotak Dividend Yield Fund?
Kotak Contra Fund: Shibani Kurian. Kotak Dividend Yield Fund: Shibani Sircar Kurian, Abhishek Bisen.
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.