Kotak Special Opportunities Fund vs SBI Healthcare Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Special Opportunities Fund is a Thematic fund and SBI Healthcare Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Kotak Special Opportunities Fund (Direct) returned 6.1% and SBI Healthcare Opportunities Fund (Direct) returned 17.1%. Kotak Special Opportunities Fund charges 1.04% a year and SBI Healthcare Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 1.9%: they hold 1 of the same security.
Kotak Special Opportunities Fund
Thematic
- 1 year return
- 6.1%
- Expense ratio
- 1.04%
- NAV
- ₹10.77
SBI Healthcare Opportunities Fund
Thematic
- 1 year return
- 17.1%
- Expense ratio
- 1.01%
- NAV
- ₹588.16
Which is better, Kotak Special Opportunities or SBI Healthcare Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Healthcare Opportunities returned more over 1 year: 17.1% against 6.1%.
- SBI Healthcare Opportunities costs less: 1.01% a year against 1.04% (Direct plans).
- SBI Healthcare Opportunities fell less in its worst fall since 05-07-2024: −13.5% against −23.1%.
- SBI Healthcare Opportunities holds more in large companies: 32.3% of the fund in large caps against 12.6%.
- SBI Healthcare Opportunities is the larger fund: ₹5,870 Cr against ₹1,920 Cr.
- Their portfolios overlap 1.9%: 1 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 Special Opportunities Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,920 Cr (30-09-2026) | ₹5,870 Cr (30-09-2026) |
| NAV | ₹10.77 (Direct) | ₹588.16 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.01% |
| Expense ratio (Regular) | 2.31% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 01-07-2024 | Not available |
| Minimum investment | Rs. 100/- and any amount thereafter | Not available |
| Lock in | None | Not available |
| Fund managers | Devender Singhal, Abhishek Bisen | Not available |
| Exit load | 0.5% for redemption within 90 Days | Not available |
Kotak Special Opportunities vs SBI Healthcare 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 Special Opportunities Fund (Direct) | −7.39% | −3.46% | +4.82% | +6.08% | -- | -- | -- |
| SBI Healthcare Opportunities Fund (Direct) | +0.31% | −0.59% | +16.00% | +17.12% | +24.60% | +19.22% | +14.72% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Special Opportunities vs SBI Healthcare Opportunities: Year-wise Returns
| Year | Kotak SpecialKotak Special Opportunities | SBI HealthcareSBI Healthcare Opportunities |
|---|---|---|
| 2026to date | +4.98% | +21.31% |
| 2025 | +2.35% | −2.50% |
| 2024 | -- | +43.75% |
| 2023 | -- | +39.72% |
| 2022 | -- | −5.01% |
| 2021 | -- | +21.48% |
Kotak Special Opportunities vs SBI Healthcare 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 Special Opportunities Fund (Direct)
SBI Healthcare 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 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% |
| SBI Healthcare Opportunities | 10.3 | 21.0 | 19.8 | 19.8 | 14.6 | 14.3 | 0.3 | 9.9% | 9.5% | −3.3% | 25.3% | 67% |
| 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 Special Opportunities vs SBI Healthcare 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 05-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Special OpportunitiesKotak Special Opportunities Fund (Direct) | ₹2,80,000 | ₹3,03,413 | ₹23,413 | 6.8% |
| SBI Healthcare OpportunitiesSBI Healthcare Opportunities Fund (Direct) | ₹2,80,000 | ₹3,35,245 | ₹55,245 | 15.7% |
Kotak Special OpportunitiesKotak Special Opportunities Fund (Direct)
SBI Healthcare OpportunitiesSBI Healthcare 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 Special Opportunities vs SBI Healthcare Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Special Opportunities Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.08% | +17.12% |
| Standard deviation | 18.55% | 13.36% |
| Sharpe ratio | 0.04 | 0.89 |
| Sortino ratio | 0.06 | 1.33 |
| Maximum drawdown | −15.8% (23-03-2026) | −10.3% (23-10-2026) |
| Beta | 1.12 | 0.93 |
| Alpha | +14.99% | +5.25% |
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 Special Opportunities Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.15% | +17.93% |
| Standard deviation | 16.55% | 15.96% |
| Sharpe ratio | -0.16 | 0.74 |
| Sortino ratio | -0.21 | 1.05 |
| Maximum drawdown | −23.1% (03-03-2025) | −30.5% (23-03-2020) |
| Beta | 1.05 | 0.91 |
| Alpha | +4.61% | +3.97% |
From daily NAVs, 05-07-2024 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 Special Opportunities Fund (Direct)
SBI Healthcare 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 Special Opportunities Fund (Direct) | −23.1% | 24-09-2024 | 03-03-2025 | 15-06-2026 | 15 months | −10.6% |
| SBI Healthcare Opportunities Fund (Direct) | −13.5% | 07-01-2025 | 28-02-2025 | 17-07-2025 | 5 months | −3.8% |
| 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 Special Opportunities Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Special Opportunities Fund (Direct) | 146% | 117% | 10.14% |
| SBI Healthcare Opportunities Fund (Direct) | 120% | 41% | 12.22% |
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 Special Opportunities vs SBI Healthcare Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Special Opportunities Fund, September 2026; SBI Healthcare Opportunities Fund, September 2026
Holdings in common
- Overlap
- 1.9%
- Held by both
- 1
- Only in Kotak Special Opportunities
- 45
- Only in SBI Healthcare Opportunities
- 35
| Security | % of Kotak Special Opportunities | % of SBI Healthcare Opportunities |
|---|---|---|
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.94% | 11.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 1.9% means 1.9% 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 Special Opportunities Fund
| Security | % of fund |
|---|---|
| Maruti Suzuki India Limited | 3.93% |
| Sun TV Network Limited | 3.43% |
| Hero MotoCorp Ltd. | 3.33% |
| JYOTI CNC AUTOMATION LTD | 3.28% |
| PVR LTD. | 2.93% |
Largest holdings only in SBI Healthcare Opportunities Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Ltd. | 7.91% |
| Acutaas Chemicals Ltd. | 5.03% |
| Apollo Hospitals Enterprise Ltd. | 4.45% |
| Torrent Pharmaceuticals Ltd. | 4.42% |
| Cipla Ltd. | 4.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Special Opportunities | SBI Healthcare Opportunities |
|---|---|---|
| Equity | 97.2% | 95.5% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.8% | 4.4% |
Market cap of stocks
| Market cap | Kotak Special Opportunities | SBI Healthcare Opportunities |
|---|---|---|
| Large Cap | 12.6% | 32.3% |
| Mid Cap | 20.7% | 25.7% |
| Small Cap | 55.8% | 35.4% |
| Not on AMFI's list | 8.2% | 2.2% |
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 Special Opportunities | SBI Healthcare Opportunities |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 63.1% |
| Healthcare Services | 3.9% | 25.6% |
| Pharmaceuticals and Biotechnology | 10.7% | 0.0% |
| Industrial Products | 8.8% | 0.0% |
| Electrical Equipment | 7.7% | 0.0% |
| Industrial Manufacturing | 7.3% | 0.0% |
| Banks | 7.3% | 0.0% |
| Automobiles | 7.3% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 5.0% |
| Healthcare Equipment & Supplies | 0.0% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Special Opportunities vs SBI Healthcare Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Special Opportunities Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.01% |
| Base expense ratio (Direct) | 0.70% | 0.74% |
| Total expense ratio (Regular) | 2.31% | 1.99% |
| Base expense ratio (Regular) | 1.77% | 1.58% |
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 Special Opportunities with
Kotak Special Opportunities Fund vs SBI Healthcare Opportunities Fund: Frequently Asked Questions
What is the difference between Kotak Special Opportunities Fund and SBI Healthcare Opportunities Fund?
Kotak Special Opportunities Fund is a Thematic fund, SBI Healthcare Opportunities Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 1.9%. Kotak Special Opportunities Fund charges 1.04% a year and SBI Healthcare Opportunities Fund 1.01%.
Which has given higher returns, Kotak Special Opportunities Fund or SBI Healthcare Opportunities Fund?
Over 1 year: Kotak Special Opportunities Fund +6.08%, SBI Healthcare Opportunities Fund +17.12%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Special Opportunities Fund or SBI Healthcare Opportunities Fund?
SBI Healthcare Opportunities Fund charges less: 1.01% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Special Opportunities Fund and SBI Healthcare Opportunities Fund overlap?
1.9%. They hold 1 of the same securities, the largest shared ones being SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both Kotak Special Opportunities Fund and SBI Healthcare Opportunities Fund?
Yes. 1.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.