Kotak Energy Opportunities Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Kotak Energy Opportunities Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹264 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −6.5% and its Regular plan returned −7.9%. Its benchmark, Nifty Energy TRI, returned −2.8% over the same year.

NAV (Direct plan): ₹9.90; ▼ 1.01%30-10-2026
NAV (Regular plan): ₹9.68; ▼ 1.02%30-10-2026
Expense ratio: 1.11%Direct2.60%Regular; 1.11%; A year
Riskometer: Very High; Set by the fund house
1 year return: −6.5%Direct−7.9%Regular; −6.5%; Total

Kotak Energy Opportunities Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹9.90 (down 1.01% that day); Regular Plan Growth ₹9.68 (down 1.02% that day).

This fund (Direct plan)

₹9.90

Kotak Energy Opportunities Fund Returns vs Nifty Energy TRI

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)	−5.48%	−7.85%	−10.47%	−6.54%	--	--	--
This fund (Regular)	−5.59%	−8.20%	−11.14%	−7.94%	--	--	--
Nifty Energy TRI	−4.57%	−8.32%	−13.74%	−2.82%	+10.70%	+10.19%	+15.48%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	217/235	202/232	225/232	140/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Kotak Energy Opportunities Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Energy TRI
2026to date	−4.07%	−5.27%	−0.05%

Kotak Energy Opportunities 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 1-year holding period, plotted on the day it ended. There are 123 periods, one for each trading day from 04-05-2026 to 30-10-2026.

−10%−5%0%5%10%15%20%25%

May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026

Kotak Energy Opportunities Fund (Direct)Nifty Energy TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	123	5.8%	−6.5%	11.9%	7%	11.5%	0%

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 benchmark" counts the periods in which the fund did better than Nifty Energy TRI over the same days. Past returns do not promise future returns.

Kotak Energy Opportunities Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Kotak Energy Opportunities Fund (Direct)This fund	Nifty Energy TRI
Return (CAGR)	−6.54%	−2.82%
Standard deviation	15.98%	16.28%
Sharpe ratio	-0.74	-0.50
Sortino ratio	-0.98	-0.68
Maximum drawdown	−13.1% (23-10-2026)	−16.4% (23-10-2026)
Beta	0.92	1.00
Alpha	−4.37%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Kotak Energy Opportunities Fund (Direct)This fund	Nifty Energy TRI
Return (CAGR)	−0.80%	+2.84%
Standard deviation	13.97%	15.26%
Sharpe ratio	-0.44	-0.17
Sortino ratio	-0.59	-0.23
Maximum drawdown	−13.1% (23-10-2026)	−16.4% (23-10-2026)
Beta	0.82	1.00
Alpha	−4.09%	0.00%

From daily NAVs, 02-05-2025 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−20%−15%−10%−5%0%

2026

Kotak Energy Opportunities Fund (Direct)Nifty Energy TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Energy Opportunities Fund (Direct)	−13.1%	07-05-2026	23-10-2026	Not yet	--	−11.7%
Nifty Energy TRI	−16.4%	27-05-2026	23-10-2026	Not yet	--	−15.3%

From the Direct plan's daily NAV since 02-05-2025, adjusted for unit splits, and Nifty Energy TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak Energy Opportunities Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Kotak Energy Opportunities Fund	140/215	264	1.11%	−6.54%	--	--	--	--	--

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 Energy Opportunities 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	Thematic median	Cost rank (1 = cheapest)
Direct	0.84%	0.03%	0.00%	0.24%	1.11%	1.18%	99/235
Regular	2.10%	0.03%	0.00%	0.47%	2.60%	2.41%	166/235

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 Thematic 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	−7.94%	−6.54%	1.40%	₹92,060	₹93,460

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 Energy Opportunities 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Energy Opportunities Fund (Direct)	₹1,80,000	₹1,71,108	−₹8,892	−6.3%
Regular planKotak Energy Opportunities Fund (Regular)	₹1,80,000	₹1,69,061	−₹10,939	−7.7%
Nifty Energy TRI	₹1,80,000	₹1,74,285	−₹5,715	−4.0%
Category averageCategory average, 235 Thematic funds	₹1,80,000	₹1,81,886	₹1,886	1.3%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planKotak Energy Opportunities Fund (Direct)Regular planKotak Energy Opportunities Fund (Regular)Nifty Energy TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI 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 Energy Opportunities Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.1%Equity

Asset	Fund	Category
Equity	96.1%	94.5%
Cash and others	3.9%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	50.0%	45.7%
Mid Cap	22.9%	19.6%
Small Cap	16.0%	24.1%
Not on AMFI's list	7.1%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Kotak Energy Opportunities Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Electrical Equipment21.0%
Power18.8%
Petroleum Products13.5%
Gas12.2%
Industrial Products8.0%
Construction5.7%
Consumable Fuels4.8%
Finance3.1%
Auto Components2.3%
Chemicals and Petrochemicals2.2%

The ten largest of 14 sectors. The other 4 add up to 4.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Electrical Equipment	19.0%	20.2%	21.0%	+2.0%
Power	23.3%	19.2%	18.8%	−4.5%
Petroleum Products	16.4%	16.2%	13.5%	−2.9%
Gas	11.2%	12.3%	12.2%	+1.0%
Industrial Products	7.2%	6.3%	8.0%	+0.8%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Kotak Energy Opportunities Fund Portfolio Holdings

As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
GAIL (India) Ltd.	Gas	7.40%	0.0%
RELIANCE INDUSTRIES LTD.	Petroleum Products	6.73%	0.0%
GE VERNOVA T&D INDIA LIMITED	Electrical Equipment	5.24%	0.0%
Petronet LNG Ltd.	Gas	4.84%	0.0%
Coal India Limited	Consumable Fuels	4.82%	+200.0%
Siemens Ltd.	Electrical Equipment	4.65%	0.0%
ABB India Ltd.	Electrical Equipment	4.61%	0.0%
BHARAT PETROLEUM CORPORATION LTD.	Petroleum Products	4.13%	0.0%
Tata Power Company Ltd.	Power	3.66%	0.0%
NTPC LTD	Power	3.48%	−24.0%
KALPATARU PROJECTS INTERNATIONAL LIMITED	Construction	3.13%	0.0%
Larsen and Toubro Ltd.	Construction	2.56%	−33.3%
NHPC Ltd.	Power	2.48%	0.0%
LUMINO INDUSTRIES LIMITED	Industrial Products	2.36%	0.0%
ACME SOLAR HOLDINGS LTD.	Power	2.34%	0.0%
Exide Industries Ltd.	Auto Components	2.25%	0.0%
Linde India Ltd.	Chemicals and Petrochemicals	2.17%	0.0%
Power Grid Corporation of India Ltd.	Power	2.17%	0.0%
EMMVEE PHOTOVOLTAIC POWER LIMITED	Electrical Equipment	2.15%	0.0%
REC LTD	Finance	2.03%	0.0%
KANOHAR ELECTRICALS LIMITED	Electrical Equipment	1.90%	New
CESC Ltd.	Power	1.82%	0.0%
LASER POWER & INFRA LTD	Industrial Products	1.80%	0.0%
Oil And Natural Gas Corporation Ltd.	Oil	1.71%	0.0%
TORRENT POWER LTD	Power	1.70%	0.0%
Cummins India Ltd.	Industrial Products	1.62%	0.0%
KEI Industries Ltd.	Industrial Products	1.52%	0.0%
INDIAN OIL CORPORATION LTD.	Petroleum Products	1.38%	0.0%
WAAREE ENERGIES LIMITED	Electrical Equipment	1.35%	0.0%
Gulf Oil Lubricants India Ltd.	Petroleum Products	1.28%	0.0%
NLC India Ltd. (Neyveli Lignite Corporation Ltd.)	Power	1.19%	0.0%
Power Finance Corporation Ltd.	Finance	1.11%	0.0%
VIKRAM SOLAR LIMITED	Electrical Equipment	1.09%	0.0%
TEMPSENS INSTRUMENTS (INDIA) LIMITED	Industrial Manufacturing	1.06%	0.0%
V-Guard Industries Ltd.	Consumer Durables	0.84%	0.0%
JINDAL SAW LTD	Industrial Products	0.47%	0.0%
Balrampur Chini Mills Ltd.	Agricultural Food and other Product	0.45%	0.0%
Havells India Ltd.	Consumer Durables	0.42%	0.0%
OSWAL PUMPS LTD	Industrial Products	0.20%	0.0%

Kotak Energy Opportunities Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Coal India Limited	Added	+200.0%	4.82%
NTPC LTD	Reduced	−24.0%	3.48%
Larsen and Toubro Ltd.	Reduced	−33.3%	2.56%
HINDUSTAN PETROLEUM CORPORATION LTD.	Sold out	−100%	was 2.40%
KANOHAR ELECTRICALS LIMITED	New	New	1.90%
Suzlon Energy Ltd.	Sold out	−100%	was 0.35%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Kotak Energy Opportunities Fund bought and sold

Kotak Energy Opportunities Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Baroda BNP Paribas Energy Opportunities FundThematic · Baroda BNP Paribas	49.9%	20	Compare
SBI Energy Opportunities FundThematic · SBI	42.9%	15	Compare
Axis Nifty Energy Index FundIndex · Axis	42.4%	17	Compare
Motilal Oswal Nifty Energy ETFETF · Motilal Oswal	42.4%	17	Compare
Mirae Asset Nifty Energy ETFETF · Mirae Asset	42.4%	17	Compare
Axis Nifty Energy ETFETF · Axis	42.4%	17	Compare
ICICI Prudential Energy Opportunities FundThematic · ICICI Prudential	39.6%	27	Compare
Sundaram Infrastructure Advantage FundThematic · Sundaram	30.4%	14	Compare

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 Energy Opportunities Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.11%
Expense ratio (Regular): 2.60%
Category: Thematic
Risk: Very High
Benchmark: Nifty Energy TRI
Launch date: 25-04-2025
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹264.49 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153447
ISIN (Direct): INF174KA1VX0
Scheme code (Regular): 153449
ISIN (Regular): INF174KA1WA6
NAV history: From 02-05-2025, 1.5 years

Exit load: Exit load of 0.5%, if redeemed within 90 Days.

Tax on Kotak Energy Opportunities Fund returns

Kotak Energy Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
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	Growth	₹9.90	30-10-2026
direct	IDCW Payout Reinvestment	₹9.899	30-10-2026
regular	Growth	₹9.675	30-10-2026
regular	IDCW Payout Reinvestment	₹9.675	30-10-2026

About Kotak Energy Opportunities Fund

Kotak Energy Opportunities Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 25-04-2025. Its benchmark is Nifty Energy TRI. At the end of September 2026 it held 39 securities.

Fund Manager

Mandar Pawar
Fund manager of Kotak Energy Opportunities Fund
Abhishek Bisen
Fund manager of Kotak Energy Opportunities Fund

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹264.49 Cr; −3.66% from August 2026
August 2026: ₹274.55 Cr; −0.30% from July 2026
July 2026: ₹275.37 Cr; +0.70% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Kotak Energy Opportunities Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Kotak Energy Opportunities vs Nippon India Taiwan EquityThematic
Kotak Energy Opportunities vs HDFC DefenceThematic
Kotak Energy Opportunities vs HDFC Pharma and HealthcareThematic
Kotak Energy Opportunities vs SBI Healthcare OpportunitiesThematic
Kotak Energy Opportunities vs Aditya Birla Sun Life International EquityThematic
Kotak Energy Opportunities vs Baroda BNP Paribas Energy Opportunities49.9% overlap
Kotak Energy Opportunities vs SBI Energy Opportunities42.9% overlap
Kotak Energy Opportunities vs Axis Nifty Energy Index42.4% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Energy Opportunities Fund

What is the current NAV of Kotak Energy Opportunities Fund?

The Direct plan NAV is ₹9.90. The Regular plan NAV is ₹9.675, as on 30-10-2026.

What are the returns of Kotak Energy Opportunities Fund?

The Direct plan returned −6.54% in 1 year. The Regular plan returned −7.94% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Energy Opportunities Fund?

The Direct plan charges 1.11% a year. The Regular plan charges 2.60% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak Energy Opportunities Fund?

Kotak Energy Opportunities Fund managed ₹264.49 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Energy Opportunities Fund?

At the end of September 2026 the largest holdings were GAIL (7.40%), RELIANCE (6.73%), GVT&D (5.24%), PETRONET (4.84%), COALINDIA (4.82%). The fund held 39 securities in all.

What did Kotak Energy Opportunities Fund buy and sell in September 2026?

It bought 1 new stock: KANOHAR ELECTRICALS LIMITED. It sold out of 2: Suzlon Energy Ltd, HINDUSTAN PETROLEUM CORPORATION LTD. It added shares in 1. It reduced 2.

How do I invest in Kotak Energy Opportunities 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 Energy Opportunities Fund?

Mandar Pawar, Abhishek Bisen.

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.