Kotak Banking and PSU Debt Fund is a Banking & PSU fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹4,761 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.0% a year and its Regular plan returned 6.6% a year.
NAV (Direct plan)
₹72.49
▲ 0.03% · 30-10-2026
NAV (Regular plan)
₹69.25
▲ 0.03% · 30-10-2026
Expense ratio
0.40%Direct0.75%Regular
0.40%
A year
Riskometer
Moderate
Set by the fund house
3 year return
7.0%Direct6.6%Regular
7.0%
A year
Kotak Banking and PSU Debt Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹72.49 (up 0.03% that day); Regular Plan Growth ₹69.25 (up 0.03% that day).
This fund (Direct plan)
₹72.4913
Kotak Banking and PSU Debt Fund Returns vs Banking & PSU Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.38%
−0.26%
+2.10%
+4.03%
+7.01%
+6.27%
+7.22%
This fund (Regular)
−0.41%
−0.35%
+1.92%
+3.67%
+6.62%
+5.85%
+6.82%
Banking & PSU average
−0.21%
+0.14%
+2.36%
+4.04%
+6.88%
+6.22%
+6.95%
Best in Banking & PSU
+0.29%
+1.41%
+3.21%
+5.74%
+7.47%
+7.79%
+7.22%
Worst in Banking & PSU
−0.45%
−0.53%
+1.89%
+2.97%
+6.32%
+5.58%
+6.46%
Rank in Banking & PSU
15/19
15/19
14/19
8/19
5/18
4/16
1/13
Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Banking and PSU Debt A-II Index. Returns of that index are not available to us, so the category average is the comparison.
Kotak Banking and PSU Debt Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+3.07%
+2.77%
2025
+8.06%
+7.68%
2024
+8.46%
+8.03%
2023
+7.24%
+6.77%
2022
+4.03%
+3.60%
2021
+4.34%
+3.91%
Kotak Banking and PSU Debt Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,469 periods, one for each trading day from 16-08-2016 to 30-10-2026.
0%2%4%6%8%10%12%
Kotak Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
Jun 2014 to Jun 2017Mar 2016 to Mar 2019Nov 2017 to Nov 2020Aug 2019 to Aug 2022May 2021 to May 2024Jan 2023 to Jan 2026
Kotak Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
0%
0%
Below 0%
0%
3%
0-5%
99%
96%
5-10%
1%
1%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
2,948
8.2%
2.7%
12.7%
0%
8.0%
76%
2 years
2,709
8.1%
4.1%
11.8%
0%
7.8%
89%
3 years
2,469
8.0%
5.1%
10.3%
0%
7.8%
93%
5 years
1,984
7.7%
6.2%
9.4%
0%
7.3%
95%
7 years
1,504
7.7%
6.8%
9.6%
0%
7.4%
100%
10 years
775
7.9%
7.2%
8.3%
0%
7.6%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
147
8.1%
1.6%
13.3%
0%
7.8%
74%
2 years
135
8.0%
3.3%
12.4%
0%
7.8%
84%
3 years
123
7.7%
4.9%
11.1%
0%
7.4%
98%
5 years
99
7.5%
6.4%
9.9%
0%
7.2%
100%
7 years
75
7.2%
6.7%
9.6%
0%
6.9%
100%
10 years
39
7.5%
7.0%
7.8%
0%
7.2%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Kotak Banking and PSU Debt Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+4.03%
+4.04%
Standard deviation
1.35%
1.18%
Sharpe ratio
-0.90
-1.02
Sortino ratio
-1.23
-1.39
Maximum drawdown
−0.79%
(23-10-2026)
−0.54%
(02-04-2026)
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.
Measure
Kotak Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+7.01%
+6.89%
Standard deviation
1.14%
1.00%
Sharpe ratio
0.86
0.87
Sortino ratio
1.26
1.29
Maximum drawdown
−0.79%
(23-10-2026)
−0.54%
(02-04-2026)
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.
Measure
Kotak Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.27%
+6.19%
Standard deviation
1.16%
0.98%
Sharpe ratio
0.40
0.39
Sortino ratio
0.55
0.54
Maximum drawdown
−1.1%
(06-05-2022)
−0.91%
(05-05-2022)
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.
Measure
Kotak Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+7.22%
+6.96%
Standard deviation
1.63%
1.60%
Sharpe ratio
1.12
0.98
Sortino ratio
1.75
1.59
Maximum drawdown
−2.8%
(24-03-2020)
−3.2%
(23-03-2020)
From daily NAVs, 28-10-2016 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.
Measure
Kotak Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+7.94%
+7.68%
Standard deviation
1.49%
1.44%
Sharpe ratio
1.33
1.19
Sortino ratio
2.13
1.94
Maximum drawdown
−2.8%
(24-03-2020)
−3.2%
(23-03-2020)
From daily NAVs, 14-08-2013 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.
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.
−4%−3%−2%−1%0%
Kotak Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
2014201620182020202220242026
Kotak Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak Banking and PSU Debt Fund (Direct)
−2.8%
06-03-2020
24-03-2020
20-04-2020
27 days
−0.67%
Category average
−3.2%
06-03-2020
23-03-2020
20-04-2020
28 days
−0.37%
From the Direct plan's daily NAV since 14-08-2013, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Kotak Banking and PSU Debt Fund vs Other Banking & PSU Funds
The five Banking & PSU funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Kotak Banking and PSU Debt Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Banking & PSU median
Cost rank (1 = cheapest)
Direct
0.34%
0.00%
0.00%
0.06%
0.40%
0.36%
16/19
Regular
0.64%
0.00%
0.00%
0.11%
0.75%
0.70%
15/19
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
3.67%
4.03%
0.36%
₹1,03,670
₹1,04,030
3 years
6.62%
7.01%
0.39% a year
₹1,21,204
₹1,22,539
5 years
5.85%
6.27%
0.42% a year
₹1,32,878
₹1,35,536
10 years
6.82%
7.22%
0.40% a year
₹1,93,431
₹2,00,797
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Kotak Banking and PSU Debt Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 14-08-2013 to 30-10-2026: 159 instalments, ₹15,90,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planKotak Banking and PSU Debt Fund (Direct)
₹15,90,000
₹26,25,818
₹10,35,818
7.2%
Regular planKotak Banking and PSU Debt Fund (Regular)
Direct planKotak Banking and PSU Debt Fund (Direct)Regular planKotak Banking and PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Banking and PSU Debt Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
90.9%Debt
Asset
Fund
Category
Debt
90.9%
91.5%
Cash and others
9.1%
8.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.
Rating
Fund
Category
Sovereign
4.3%
8.9%
AAA and A1+
85.6%
81.8%
AA
1.0%
0.8%
Kotak Banking and PSU Debt Fund Portfolio Holdings
As on 30-09-2026 · 60 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
6.90%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT · Bond
CRISIL AAA
4.15%
Power Grid Corporation of India Ltd. · Bond
CRISIL AAA
3.36%
HDFC BANK LTD. · Bond
CRISIL AAA
3.19%
CANARA BANK · Certificate of deposit
CRISIL A1+
3.08%
STATE BANK OF INDIA. · Bond
CRISIL AAA
2.94%
INDIAN OIL CORPORATION LTD. · Bond
CRISIL AAA
2.93%
REC LTD · Bond
CRISIL AAA
2.73%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
2.62%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
CRISIL AAA
2.61%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
2.60%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
2.10%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
CRISIL AAA
2.09%
Export-Import Bank of India · Bond
CRISIL AAA
2.09%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
2.09%
ICICI BANK LTD. · Bond
ICRA AAA
2.06%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT · Bond
CRISIL AAA
2.02%
ICICI BANK LTD.(AT 1 Bonds) · Bond
ICRA AAA
1.98%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
ICRA AAA
1.78%
Central Government - 2066 · Government security
SOV
1.57%
Food Corporation of India · Bond
CRISIL AAA(CE)
1.57%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
1.56%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
1.55%
UNION BANK OF INDIA · Certificate of deposit
ICRA A1+
1.54%
BANK OF BARODA · Certificate of deposit
FITCH A1+
1.54%
CANARA BANK · Certificate of deposit
CRISIL A1+
1.54%
UNION BANK OF INDIA · Certificate of deposit
ICRA A1+
1.53%
INDIAN BANK · Certificate of deposit
CRISIL A1+
1.51%
HDFC BANK LTD. · Bond
CRISIL AAA
1.45%
Power Grid Corporation of India Ltd. · Bond
CRISIL AAA
1.36%
REC LTD · Bond
CRISIL AAA
1.28%
REC LTD · Bond
CRISIL AAA
1.20%
HDFC BANK LTD. · Bond
CRISIL AAA
1.07%
INDIAN RAILWAY FINANCE CORPORATION LTD. · Bond
CRISIL AAA
1.04%
Food Corporation of India · Bond
CRISIL AAA(CE)
1.04%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
1.04%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
CRISIL AAA
1.04%
INDIAN RAILWAY FINANCE CORPORATION LTD. · Bond
CRISIL AAA
1.04%
HDFC BANK LTD. · Bond
CRISIL AAA
1.03%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond
CRISIL AAA
1.03%
HDFC BANK LTD. · Certificate of deposit
CARE A1+
1.02%
ONGC PETRO ADDITIONS LTD. · Bond
CRISIL AAA(CE)
1.01%
Mahanagar Telephone Nigam Ltd. · Bond
BRICKWORK AA+(CE)
1.01%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
CRISIL AAA
0.94%
HDFC BANK LTD. · Bond
CRISIL AAA
0.94%
Central Government - 2065 · Government security
SOV
0.85%
Maharashtra State Govt - 2035 - Maharashtra · State government security
SOV
0.80%
Tamil Nadu State Govt - 2033 - Tamil Nadu · State government security
SOV
0.72%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond
FITCH AAA
0.53%
REC LTD · Bond
CRISIL AAA
0.53%
REC LTD · Bond
CRISIL AAA
0.52%
REC LTD · Bond
ICRA AAA
0.52%
SBI ALTERNATIVE INVESTMENT FUND
Alternative Investment Fund
0.39%
Maharashtra State Govt - 2033 - Maharashtra · State government security
SOV
0.34%
INDIAN RAILWAY FINANCE CORPORATION LTD. · Bond
CRISIL AAA
0.10%
Mahanagar Telephone Nigam Ltd. · Bond
CARE AAA(CE)
0.10%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
0.05%
Power Finance Corporation Ltd. · Bond
ICRA AAA
0.02%
Gujarat State Govt - 2030 - Gujarat · State government security
SOV
0.01%
Gujarat State Govt - 2032 - Gujarat · State government security
SOV
0.01%
Kotak Banking and PSU Debt Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Kotak Banking and PSU Debt Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.40%
Expense ratio (Regular)
0.75%
Category
Banking & PSU
Risk
Moderate
Benchmark
CRISIL Banking and PSU Debt A-II Index
Launch date
29-12-1998
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹4,761.48 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
123693
ISIN (Direct)
INF174K01KH7
Scheme code (Regular)
123690
ISIN (Regular)
INF174K01FO3
NAV history
From 14-08-2013, 13.2 years
Exit load
Nil
Tax on Kotak Banking and PSU Debt Fund returns
Kotak Banking and PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Payout Income Distribution Cum Capital Withdrawal
₹13.0108
30-10-2026
direct
Monthly Payout Income Distribution Cum Capital Withdrawal
₹10.1825
30-10-2026
direct
Growth
₹72.4913
30-10-2026
regular
Growth
₹69.2504
30-10-2026
About Kotak Banking and PSU Debt Fund
Kotak Banking and PSU Debt Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Banking & PSU. It was launched on 29-12-1998. Its benchmark is CRISIL Banking and PSU Debt A-II Index. At the end of September 2026 it held 60 securities.
Fund Manager
Deepak Agrawal
Fund manager of Kotak Banking and PSU Debt Fund, since 01-08-2008
Dharmesh Thakar
Fund manager of Kotak Banking and PSU Debt Fund, since 01-11-2022
Frequently Asked Questions for Kotak Banking and PSU Debt Fund
What is the current NAV of Kotak Banking and PSU Debt Fund?
The Direct plan NAV is ₹72.4913. The Regular plan NAV is ₹69.2504, as on 30-10-2026.
What are the returns of Kotak Banking and PSU Debt Fund?
The Direct plan returned +4.03% in 1 year, +7.01% a year over 3 years, +6.27% a year over 5 years. The Regular plan returned +3.67% in 1 year, +6.62% a year over 3 years, +5.85% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak Banking and PSU Debt Fund?
The Direct plan charges 0.40% a year. The Regular plan charges 0.75% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Kotak Banking and PSU Debt Fund?
Kotak Banking and PSU Debt Fund managed ₹4,761.48 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak Banking and PSU Debt Fund?
At the end of September 2026 the largest holdings were Power Finance Corporation Ltd. (6.90%), NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT (4.15%), Power Grid Corporation of India Ltd. (3.36%), HDFC BANK LTD. (3.19%), CANARA BANK (3.08%). The fund held 60 securities in all.
How do I invest in Kotak Banking and PSU Debt Fund?
Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of Kotak Banking and PSU Debt Fund?
What is the exit load of Kotak Banking and PSU Debt Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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