Kotak Equity Savings Fund vs Kotak Special Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Equity Savings Fund is an Equity Savings fund and Kotak Special Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Kotak Equity Savings Fund (Direct) returned 0.6% and Kotak Special Opportunities Fund (Direct) returned 6.1%. Kotak Equity Savings Fund charges 1.09% a year and Kotak Special Opportunities Fund 1.04% (Direct plans). Their portfolios overlap 18.8%: they hold 17 of the same securities.
Kotak Equity Savings Fund
Equity Savings
- 1 year return
- 0.6%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Kotak Special Opportunities Fund
Thematic
- 1 year return
- 6.1%
- Expense ratio
- 1.04%
- NAV
- ₹10.77
Which is better, Kotak Equity Savings or Kotak Special Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Special Opportunities returned more over 1 year: 6.1% against 0.6%.
- Kotak Special Opportunities costs less: 1.04% a year against 1.09% (Direct plans).
- Kotak Equity Savings fell less in its worst fall since 05-07-2024: −6.0% against −23.1%.
- Kotak Equity Savings holds more in large companies: 42.8% of the fund in large caps against 12.6%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹1,920 Cr.
- Their portfolios overlap 18.8%: 17 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 Equity Savings Fund | Kotak Special Opportunities Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Equity Savings | Thematic |
| AUM | ₹10,443 Cr (30-09-2026) | ₹1,920 Cr (30-09-2026) |
| NAV | ₹29.94 (Direct) | ₹10.77 (Direct) |
| Expense ratio (Direct) | 1.09% | 1.04% |
| Expense ratio (Regular) | 2.13% | 2.31% |
| Riskometer | Moderately High | Very High |
| Benchmark | NIFTY Equity Savings Index (TRI) | Nifty 500 TRI |
| Launch date | 13-10-2014 | 01-07-2024 |
| Minimum investment | ₹100 | Rs. 100/- and any amount thereafter |
| Lock in | None | None |
| Fund managers | Devender Singhal, Abhishek Bisen, Hiten Shah | Devender Singhal, Abhishek Bisen |
| Exit load | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. | 0.5% for redemption within 90 Days |
Kotak Equity Savings vs Kotak Special Opportunities: 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 Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Kotak Special Opportunities Fund (Direct) | −7.39% | −3.46% | +4.82% | +6.08% | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 23 Equity Savings funds and the 235 Thematic funds, same plan type.
Kotak Equity Savings vs Kotak Special Opportunities: Year-wise Returns
| Year | Equity SavingsKotak Equity Savings | Special OpportunitiesKotak Special Opportunities |
|---|---|---|
| 2026to date | −0.57% | +4.98% |
| 2025 | +9.12% | +2.35% |
| 2024 | +12.97% | -- |
| 2023 | +16.89% | -- |
| 2022 | +7.90% | -- |
| 2021 | +12.17% | -- |
Kotak Equity Savings vs Kotak Special Opportunities: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak Special Opportunities Fund
Rolling returns
Every 1-year holding period, 324 of them, one for each trading day from 07-07-2025 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 Equity Savings Fund (Direct)
Kotak Special Opportunities Fund (Direct)
Nifty 500 TRI
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Equity Savings | 0.0 | 17.6 | 74.1 | 8.3 | 0.0 | 0.0 | 0.0 | 6.8% | 6.4% | 0.3% | 12.4% | 90% |
| Kotak Special Opportunities | 28.4 | 19.1 | 12.3 | 21.6 | 11.1 | 7.4 | 0.0 | 6.5% | 6.7% | −9.3% | 23.9% | 49% |
| Nifty 500 TRI | 32.1 | 33.3 | 25.6 | 7.1 | 1.9 | 0.0 | 0.0 | 2.9% | 2.2% | −9.0% | 15.9% | -- |
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. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 05-07-2024. Past returns do not promise future returns.
Kotak Equity Savings vs Kotak Special Opportunities: 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 01-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹2,80,000 | ₹2,92,464 | ₹12,464 | 3.7% |
| Kotak Special OpportunitiesKotak Special Opportunities Fund (Direct) | ₹2,80,000 | ₹3,03,413 | ₹23,413 | 6.8% |
Kotak Equity SavingsKotak Equity Savings Fund (Direct)
Kotak Special OpportunitiesKotak Special Opportunities 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 Equity Savings vs Kotak Special Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Equity Savings Fund (Direct) | Kotak Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.58% | +6.08% |
| Standard deviation | 5.72% | 18.55% |
| Sharpe ratio | -0.81 | 0.04 |
| Sortino ratio | -1.05 | 0.06 |
| Maximum drawdown | −5.2% (30-03-2026) | −15.8% (23-03-2026) |
| Beta | -- | 1.12 |
| Alpha | -- | +14.99% |
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 Equity Savings Fund (Direct) | Kotak Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.53% | +3.15% |
| Standard deviation | 5.60% | 16.55% |
| Sharpe ratio | 0.68 | -0.16 |
| Sortino ratio | 0.92 | -0.21 |
| Maximum drawdown | −16.5% (23-03-2020) | −23.1% (03-03-2025) |
| Beta | -- | 1.05 |
| Alpha | -- | +4.61% |
From daily NAVs, 17-10-2014 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 Equity Savings Fund (Direct)
Kotak Special Opportunities 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 Equity Savings Fund (Direct) | −6.0% | 06-12-2024 | 28-02-2025 | 15-05-2025 | 2 months | −3.0% |
| Kotak Special Opportunities Fund (Direct) | −23.1% | 24-09-2024 | 03-03-2025 | 15-06-2026 | 15 months | −10.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 05-07-2024, 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 Equity Savings Fund (Direct)
Kotak Special Opportunities Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Equity Savings Fund (Direct) | 58% | 33% | 9.80% |
| Kotak Special Opportunities Fund (Direct) | 146% | 117% | 10.14% |
From month-end values since 05-07-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Equity Savings vs Kotak Special Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Equity Savings Fund, September 2026; Kotak Special Opportunities Fund, September 2026
Holdings in common
- Overlap
- 18.8%
- Held by both
- 17
- Only in Kotak Equity Savings
- 143
- Only in Kotak Special Opportunities
- 29
| Security | % of Kotak Equity Savings | % of Kotak Special Opportunities |
|---|---|---|
| Maruti Suzuki India Limited | 2.94% | 3.93% |
| One 97 Communications Ltd | 3.60% | 2.82% |
| Indus Towers Ltd. | 3.38% | 2.72% |
| Hero MotoCorp Ltd. | 2.23% | 3.33% |
| INDUSIND BANK LTD. | 1.42% | 2.44% |
| POONAWALLA FINCORP LIMITED | 1.39% | 2.52% |
| NLC India Ltd. (Neyveli Lignite Corporation Ltd.) | 1.10% | 2.45% |
| Oracle Financial Services Software Ltd | 0.81% | 1.80% |
| SWIGGY LTD | 0.73% | 2.02% |
| Vodafone Idea Ltd | 0.59% | 2.87% |
| Sapphire Foods India Ltd. | 0.59% | 1.68% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.53% | 1.94% |
| JYOTI CNC AUTOMATION LTD | 0.49% | 3.28% |
| Sun TV Network Limited | 0.28% | 3.43% |
| PRASOL CHEMICALS LIMITED | 0.13% | 1.39% |
| MV ELECTROSYSTEMS LTD | 0.03% | 1.44% |
| JIO FINANCIAL SERVICES LTD | 0.02% | 1.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.8% means 18.8% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| BHARTI AIRTEL LTD. | 4.93% |
| HDFC BANK LTD. | 4.38% |
| STATE BANK OF INDIA. | 2.77% |
| Adani Ports and Special Economic Zone Limited | 2.47% |
Largest holdings only in Kotak Special Opportunities Fund
| Security | % of fund |
|---|---|
| PVR LTD. | 2.93% |
| Carborundum Universal Ltd. | 2.87% |
| MTAR TECHNOLOGIES LIMITED | 2.84% |
| AZAD ENGINEERING LTD | 2.78% |
| Barbeque Nation Hospitality Ltd. | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Equity Savings | Kotak Special Opportunities |
|---|---|---|
| Equity | 64.3% | 97.2% |
| Debt | 16.4% | 0.0% |
| Cash and others | 19.3% | 2.8% |
Market cap of stocks
| Market cap | Kotak Equity Savings | Kotak Special Opportunities |
|---|---|---|
| Large Cap | 42.8% | 12.6% |
| Mid Cap | 17.0% | 20.7% |
| Small Cap | 3.9% | 55.8% |
| Not on AMFI's list | 0.7% | 8.2% |
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 Equity Savings | Kotak Special Opportunities |
|---|---|---|
| Banks | 13.3% | 7.3% |
| Pharmaceuticals and Biotechnology | 1.1% | 10.7% |
| Telecom - Services | 8.9% | 5.6% |
| Industrial Products | 0.0% | 8.8% |
| Electrical Equipment | 1.4% | 7.7% |
| Industrial Manufacturing | 0.5% | 7.3% |
| Automobiles | 5.8% | 7.3% |
| Finance | 4.0% | 5.6% |
| Financial Technology (Fintech) | 3.6% | 2.8% |
| Power | 3.5% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Equity Savings vs Kotak Special Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Equity Savings Fund | Kotak Special Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 1.04% |
| Base expense ratio (Direct) | 0.57% | 0.70% |
| Total expense ratio (Regular) | 2.13% | 2.31% |
| Base expense ratio (Regular) | 1.45% | 1.77% |
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 Equity Savings with
Compare Kotak Special Opportunities with
Kotak Equity Savings Fund vs Kotak Special Opportunities Fund: Frequently Asked Questions
What is the difference between Kotak Equity Savings Fund and Kotak Special Opportunities Fund?
Kotak Equity Savings Fund is an Equity Savings fund, Kotak Special Opportunities Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 18.8%. Kotak Equity Savings Fund charges 1.09% a year and Kotak Special Opportunities Fund 1.04%.
Which has given higher returns, Kotak Equity Savings Fund or Kotak Special Opportunities Fund?
Over 1 year: Kotak Equity Savings Fund +0.58%, Kotak Special Opportunities Fund +6.08%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Equity Savings Fund or Kotak Special Opportunities Fund?
Kotak Special Opportunities Fund charges less: 1.04% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Equity Savings Fund and Kotak Special Opportunities Fund overlap?
18.8%. They hold 17 of the same securities, the largest shared ones being MARUTI, PAYTM, INDUSTOWER. From each fund's latest monthly portfolio.
Which is riskier, Kotak Equity Savings Fund or Kotak Special Opportunities Fund?
On SEBI's riskometer, Kotak Equity Savings Fund is rated Moderately High and Kotak Special Opportunities Fund Very High. Over 1 years, the standard deviation of daily returns was 5.72% and 18.55% a year.
Can I invest in both Kotak Equity Savings Fund and Kotak Special Opportunities Fund?
Yes. 18.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Equity Savings Fund and Kotak Special Opportunities Fund?
Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah. Kotak Special Opportunities Fund: Devender Singhal, 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.