Kotak Healthcare Fund vs PGIM India Healthcare Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Healthcare Fund is a Thematic fund and PGIM India Healthcare Fund is a Thematic fund. In the year to 30-10-2026, Kotak Healthcare Fund (Direct) returned 23.3% and PGIM India Healthcare Fund (Direct) returned 18.1%. Kotak Healthcare Fund charges 1.03% a year and PGIM India Healthcare Fund 0.98% (Direct plans). Their portfolios overlap 51.3%: they hold 18 of the same securities.
PGIM India Healthcare Fund
Thematic
- 1 year return
- 18.1%
- Expense ratio
- 0.98%
- NAV
- ₹12.10
Which is better, Kotak Healthcare or PGIM India Healthcare? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Healthcare returned more over 1 year: 23.3% against 18.1%.
- PGIM India Healthcare costs less: 0.98% a year against 1.03% (Direct plans).
- PGIM India Healthcare fell less in its worst fall since 11-12-2024: −14.4% against −18.1%.
- Kotak Healthcare is the larger fund: ₹825 Cr against ₹130 Cr.
- Their portfolios overlap 51.3%: 18 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 Healthcare Fund | PGIM India Healthcare Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | PGIM India Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹825 Cr (30-09-2026) | ₹130 Cr (30-09-2026) |
| NAV | ₹17.44 (Direct) | ₹12.10 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.98% |
| Expense ratio (Regular) | 2.55% | 2.65% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Healthcare TRI | BSE Healthcare TRI |
| Launch date | 12-12-2023 | 06-12-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhananjay Tikariha, Abhishek Bisen | Anandha Padmanabhan Anjeneyan, Utsav Mehta, Vivek Sharma, and Mr. Puneet Pal |
| Exit load | 0.5% for redemption within 30 Days | Exit load of 0.50%, if redeemed within 90 days. |
Kotak Healthcare vs PGIM India Healthcare: 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 Healthcare Fund (Direct) | −0.62% | +1.50% | +19.13% | +23.31% | -- | -- | -- |
| PGIM India Healthcare Fund (Direct) | −1.22% | −1.14% | +15.90% | +18.05% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Healthcare vs PGIM India Healthcare: Year-wise Returns
| Year | KotakKotak Healthcare | PGIM IndiaPGIM India Healthcare |
|---|---|---|
| 2026to date | +27.28% | +20.76% |
| 2025 | −5.83% | −0.99% |
| 2024 | +41.86% | -- |
Kotak Healthcare vs PGIM India Healthcare: Rolling Returns
Every holding period of both funds, against Nifty Healthcare Index TRI, the benchmark of Kotak Healthcare Fund
Rolling returns
Every 1-year holding period, 217 of them, one for each trading day from 11-12-2025 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 Healthcare Fund (Direct)
PGIM India Healthcare Fund (Direct)
Nifty Healthcare Index TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Healthcare | 16.6 | 4.6 | 10.1 | 10.1 | 22.6 | 19.4 | 16.6 | 14.4% | 16.6% | −6.2% | 32.2% | 77% |
| PGIM India Healthcare | 9.2 | 13.8 | 11.1 | 21.2 | 22.1 | 12.0 | 10.6 | 13.1% | 13.8% | −3.0% | 29.3% | 75% |
| Nifty Healthcare Index TRI | 4.1 | 21.2 | 21.7 | 40.6 | 12.4 | 0.0 | 0.0 | 9.4% | 10.8% | −2.0% | 18.6% | -- |
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 Healthcare Index 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 11-12-2024. Past returns do not promise future returns.
Kotak Healthcare vs PGIM India Healthcare: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak HealthcareKotak Healthcare Fund (Direct) | ₹2,30,000 | ₹2,81,312 | ₹51,312 | 21.7% |
| PGIM India HealthcarePGIM India Healthcare Fund (Direct) | ₹2,30,000 | ₹2,72,424 | ₹42,424 | 18.1% |
Kotak HealthcareKotak Healthcare Fund (Direct)
PGIM India HealthcarePGIM India Healthcare 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 Healthcare vs PGIM India Healthcare: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Healthcare Fund (Direct) | PGIM India Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | +23.31% | +18.05% |
| Standard deviation | 14.36% | 12.68% |
| Sharpe ratio | 1.26 | 1.01 |
| Sortino ratio | 1.86 | 1.50 |
| Maximum drawdown | −10.4% (23-10-2026) | −10.0% (23-10-2026) |
| Beta | 0.92 | 0.87 |
| Alpha | +12.32% | +6.61% |
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 Healthcare Fund (Direct) | PGIM India Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.25% | +10.77% |
| Standard deviation | 14.46% | 13.07% |
| Sharpe ratio | 1.06 | 0.40 |
| Sortino ratio | 1.49 | 0.54 |
| Maximum drawdown | −18.1% (03-03-2025) | −14.4% (28-02-2025) |
| Beta | 0.90 | 0.84 |
| Alpha | +4.30% | +3.79% |
From daily NAVs, 18-12-2023 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.
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 Healthcare Fund (Direct)
PGIM India Healthcare Fund (Direct)
Nifty Healthcare Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Healthcare Fund (Direct) | −18.1% | 02-01-2025 | 03-03-2025 | 04-05-2026 | 14 months | −4.4% |
| PGIM India Healthcare Fund (Direct) | −14.4% | 07-01-2025 | 28-02-2025 | 15-07-2025 | 5 months | −5.1% |
| Nifty Healthcare Index TRI | −15.7% | 02-01-2025 | 28-02-2025 | 29-07-2025 | 5 months | −2.9% |
From daily values since 11-12-2024, 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 Healthcare Fund (Direct)
PGIM India Healthcare Fund (Direct)
Nifty Healthcare Index TRI
Against Nifty Healthcare Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Healthcare Fund (Direct) | 110% | 93% | 5.40% |
| PGIM India Healthcare Fund (Direct) | 107% | 90% | 4.56% |
From month-end values since 11-12-2024. 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 Healthcare vs PGIM India Healthcare: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Healthcare Fund, September 2026; PGIM India Healthcare Fund, September 2026
Holdings in common
- Overlap
- 51.3%
- Held by both
- 18
- Only in Kotak Healthcare
- 17
- Only in PGIM India Healthcare
- 13
| Security | % of Kotak Healthcare | % of PGIM India Healthcare |
|---|---|---|
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 13.21% | 10.25% |
| Divis Laboratories Ltd. | 9.35% | 10.36% |
| TORRENT PHARMACEUTICALS LTD. | 4.65% | 8.49% |
| Max Healthcare Institute Ltd. | 3.61% | 4.71% |
| MANKIND PHARMA LTD | 2.73% | 4.04% |
| KRISHNA INSTITUTE OF MEDICAL | 2.71% | 2.99% |
| SAI LIFE SCIENCES LIMITED | 2.96% | 2.54% |
| Cipla Ltd. | 3.26% | 2.04% |
| Ajanta Pharma Ltd. | 1.97% | 4.96% |
| RUBICON RESEARCH LIMITED | 1.96% | 2.99% |
| ANTHEM BIOSCIENCES LTD | 2.34% | 1.81% |
| Gland Pharma Limited | 3.16% | 1.50% |
| Fortis Healthcare India Ltd | 2.33% | 1.46% |
| DR.Lal Pathlabs Ltd | 1.06% | 4.33% |
| Zydus Lifesciences Ltd. | 1.06% | 2.04% |
| Lupin Ltd. | 0.98% | 1.93% |
| MOLBIO DIAGNOSTICS LIMITED | 5.08% | 0.80% |
| ORCHID PHARMA LIMITED | 1.57% | 0.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.3% means 51.3% 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 Healthcare Fund
| Security | % of fund |
|---|---|
| Ami Organics Ltd | 4.17% |
| PARK MEDI WORLD LIMITED (PARK HOSPITAL) | 3.17% |
| YATHARTH HOSPITAL AND TRAUMA CARE SERVICES LTD | 3.12% |
| Apollo Hospitals Enterprise Ltd. | 2.97% |
| Laurus Labs Ltd | 2.88% |
Largest holdings only in PGIM India Healthcare Fund
| Security | % of fund |
|---|---|
| Manipal Health Enterprises Ltd. | 3.68% |
| Navin Fluorine International Ltd. | 3.24% |
| Abbott India Ltd. | 3.12% |
| Neuland Laboratories Ltd. | 2.91% |
| Aster DM Quality Care Ltd. | 2.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Healthcare | PGIM India Healthcare |
|---|---|---|
| Equity | 98.7% | 94.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 5.1% |
Market cap of stocks
| Market cap | Kotak Healthcare | PGIM India Healthcare |
|---|---|---|
| Large Cap | 33.4% | 31.1% |
| Mid Cap | 19.6% | 31.6% |
| Small Cap | 38.3% | 25.1% |
| Not on AMFI's list | 7.3% | 7.0% |
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 Healthcare | PGIM India Healthcare |
|---|---|---|
| Pharmaceuticals and Biotechnology | 69.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 62.8% |
| Healthcare Services | 21.1% | 24.6% |
| Healthcare Equipment and Supplies | 5.1% | 0.0% |
| Chemicals and Petrochemicals | 3.6% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 3.2% |
| Insurance | 0.0% | 2.1% |
| Retailing | 0.0% | 1.0% |
| Healthcare Equipment & Supplies | 0.0% | 0.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Healthcare vs PGIM India Healthcare: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Healthcare Fund | PGIM India Healthcare Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.98% |
| Base expense ratio (Direct) | 0.72% | 0.68% |
| Total expense ratio (Regular) | 2.55% | 2.65% |
| Base expense ratio (Regular) | 2.00% | 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 Healthcare with
Kotak Healthcare Fund vs PGIM India Healthcare Fund: Frequently Asked Questions
What is the difference between Kotak Healthcare Fund and PGIM India Healthcare Fund?
Kotak Healthcare Fund is a Thematic fund, PGIM India Healthcare Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 51.3%. Kotak Healthcare Fund charges 1.03% a year and PGIM India Healthcare Fund 0.98%.
Which has given higher returns, Kotak Healthcare Fund or PGIM India Healthcare Fund?
Over 1 year: Kotak Healthcare Fund +23.31%, PGIM India Healthcare Fund +18.05%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Healthcare Fund or PGIM India Healthcare Fund?
PGIM India Healthcare Fund charges less: 0.98% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Healthcare Fund and PGIM India Healthcare Fund overlap?
51.3%. They hold 18 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, TORNTPHARM. From each fund's latest monthly portfolio.
Which is riskier, Kotak Healthcare Fund or PGIM India Healthcare Fund?
On SEBI's riskometer, Kotak Healthcare Fund is rated Very High and PGIM India Healthcare Fund Very High. Over 1 years, the standard deviation of daily returns was 14.36% and 12.68% a year.
Can I invest in both Kotak Healthcare Fund and PGIM India Healthcare Fund?
Yes. 51.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Healthcare Fund and PGIM India Healthcare Fund?
Kotak Healthcare Fund: Dhananjay Tikariha, Abhishek Bisen. PGIM India Healthcare Fund: Anandha Padmanabhan Anjeneyan, Utsav Mehta, Vivek Sharma, and Mr. Puneet Pal.
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.