Kotak ESG Exclusionary Strategy Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹685 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.9% a year and its Regular plan returned 7.3% a year. Its benchmark, NIFTY100 ESG TRI, returned 10.5% a year over the same 3 years.
NAV (Direct plan)
₹17.48
▼ 0.06% · 30-10-2026
NAV (Regular plan)
₹15.93
▼ 0.07% · 30-10-2026
Expense ratio
1.15%Direct2.50%Regular
1.15%
A year
Riskometer
Very High
Set by the fund house
3 year return
8.9%Direct7.3%Regular
8.9%
A year
Kotak ESG Exclusionary Strategy Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹17.48 (down 0.06% that day); Regular Plan Growth ₹15.93 (down 0.07% that day).
This fund (Direct plan)
₹17.481
Kotak ESG Exclusionary Strategy Fund Returns vs NIFTY100 ESG 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)
+0.32%
−5.69%
−1.67%
−8.34%
+8.91%
+6.97%
--
This fund (Regular)
+0.20%
−6.01%
−2.34%
−9.63%
+7.35%
+5.33%
--
NIFTY100 ESG TRI
+1.52%
−5.78%
−0.97%
−5.79%
+10.54%
+7.10%
--
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
--
Rank in Thematic
32/235
128/232
134/232
159/215
105/133
83/96
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
Kotak ESG Exclusionary Strategy Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
NIFTY100 ESG TRI
2026to date
−9.00%
−10.06%
−7.38%
2025
+9.57%
+8.02%
+11.72%
2024
+13.89%
+12.21%
+12.77%
2023
+22.47%
+20.47%
+23.36%
2022
+0.30%
−1.39%
−2.94%
2021
+24.04%
+21.88%
+32.26%
Kotak ESG Exclusionary Strategy 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 706 periods, one for each trading day from 18-12-2023 to 30-10-2026.
0%5%10%15%20%25%
Kotak ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG TRI
Mar 2021 to Mar 2024Sept 2021 to Sept 2024Mar 2022 to Mar 2025Aug 2022 to Aug 2025Feb 2023 to Feb 2026Aug 2023 to Aug 2026
Kotak ESG Exclusionary Strategy Fund (Direct)NIFTY100 ESG TRI
0%
0%
Below 0%
0%
0%
0-5%
7%
7%
5-10%
56%
57%
10-15%
36%
36%
15-20%
2%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,198
8.2%
−10.0%
39.5%
25%
8.2%
39%
2 years
951
12.1%
−5.2%
31.3%
5%
12.2%
44%
3 years
706
14.5%
6.7%
21.1%
0%
14.4%
48%
5 years
212
9.7%
6.1%
13.9%
0%
10.6%
11%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
59
8.3%
−21.1%
42.3%
27%
8.2%
41%
2 years
47
10.6%
−5.4%
33.2%
11%
10.2%
47%
3 years
35
14.1%
−0.1%
25.4%
3%
15.0%
54%
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 NIFTY100 ESG TRI over the same days. Past returns do not promise future returns.
Kotak ESG Exclusionary Strategy Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak ESG Exclusionary Strategy Fund (Direct)This fund
NIFTY100 ESG TRI
Return (CAGR)
−8.34%
−5.79%
Standard deviation
14.42%
14.45%
Sharpe ratio
-0.94
-0.76
Sortino ratio
-1.27
-1.02
Maximum drawdown
−14.7%
(30-03-2026)
−15.4%
(30-03-2026)
Beta
0.98
1.00
Alpha
−2.74%
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 ESG Exclusionary Strategy Fund (Direct)This fund
NIFTY100 ESG TRI
Return (CAGR)
+8.91%
+10.54%
Standard deviation
13.68%
13.83%
Sharpe ratio
0.21
0.33
Sortino ratio
0.29
0.45
Maximum drawdown
−17.9%
(28-02-2025)
−17.5%
(04-03-2025)
Beta
0.96
1.00
Alpha
−1.47%
0.00%
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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak ESG Exclusionary Strategy Fund (Direct)This fund
NIFTY100 ESG TRI
Return (CAGR)
+6.97%
+7.10%
Standard deviation
14.04%
14.13%
Sharpe ratio
0.08
0.09
Sortino ratio
0.11
0.13
Maximum drawdown
−21.9%
(20-06-2022)
−19.9%
(17-06-2022)
Beta
0.96
1.00
Alpha
−0.09%
0.00%
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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak ESG Exclusionary Strategy Fund (Direct)This fund
NIFTY100 ESG TRI
Return (CAGR)
+9.96%
+11.38%
Standard deviation
13.83%
14.20%
Sharpe ratio
0.33
0.42
Sortino ratio
0.45
0.58
Maximum drawdown
−21.9%
(20-06-2022)
−19.9%
(17-06-2022)
Beta
0.94
1.00
Alpha
−1.04%
0.00%
From daily NAVs, 18-12-2020 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.
−25%−20%−15%−10%−5%0%
Kotak ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG TRI
202120222023202420252026
Kotak ESG Exclusionary Strategy Fund (Direct)NIFTY100 ESG TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak ESG Exclusionary Strategy Fund (Direct)
−21.9%
17-01-2022
20-06-2022
30-06-2023
12 months
−10.3%
NIFTY100 ESG TRI
−19.9%
17-01-2022
17-06-2022
14-07-2023
13 months
−8.8%
From the Direct plan's daily NAV since 18-12-2020, adjusted for unit splits, and NIFTY100 ESG TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Kotak ESG Exclusionary Strategy Fund vs Other Thematic Funds
The five Thematic 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 ESG Exclusionary Strategy 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
0.90%
0.02%
0.00%
0.22%
1.15%
1.18%
108/235
Regular
2.04%
0.02%
0.00%
0.43%
2.50%
2.41%
134/235
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
−9.63%
−8.34%
1.29%
₹90,370
₹91,660
3 years
7.35%
8.91%
1.56% a year
₹1,23,710
₹1,29,182
5 years
5.33%
6.97%
1.64% a year
₹1,29,646
₹1,40,059
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 ESG Exclusionary Strategy 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 18-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planKotak ESG Exclusionary Strategy Fund (Direct)
₹7,10,000
₹8,76,688
₹1,66,688
7.1%
Regular planKotak ESG Exclusionary Strategy Fund (Regular)
Direct planKotak ESG Exclusionary Strategy Fund (Direct)Regular planKotak ESG Exclusionary Strategy Fund (Regular)NIFTY100 ESG 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 ESG Exclusionary Strategy Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
98.7%Equity
Asset
Fund
Category
Equity
98.7%
94.5%
Cash and others
1.3%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
75.0%
45.7%
Mid Cap
17.7%
19.6%
Small Cap
5.9%
24.1%
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 ESG Exclusionary Strategy Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks22.7%
Finance10.2%
Retailing9.2%
Telecom - Services8.9%
IT - Software8.0%
Auto Components6.0%
Cement and Cement Products5.9%
Chemicals and Petrochemicals4.5%
Automobiles4.5%
Construction4.5%
The ten largest of 20 sectors. The other 10 add up to 14.4%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
22.5%
22.4%
22.7%
+0.2%
Finance
10.1%
10.0%
10.2%
+0.1%
Retailing
7.7%
8.7%
9.2%
+1.5%
Telecom - Services
9.0%
8.5%
8.9%
−0.1%
IT - Software
8.7%
8.4%
8.0%
−0.7%
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 ESG Exclusionary Strategy Fund Portfolio Holdings
As on 30-09-2026 · 46 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
BHARTI AIRTEL LTD.
Telecom - Services
7.70%
0.0%
ICICI BANK LTD.
Banks
6.95%
0.0%
HDFC BANK LTD.
Banks
5.28%
0.0%
AXIS BANK LTD.
Banks
4.83%
0.0%
Larsen and Toubro Ltd.
Construction
4.45%
0.0%
Infosys Ltd.
IT - Software
4.36%
0.0%
ETERNAL LIMITED
Retailing
4.21%
0.0%
BAJAJ FINANCE LTD.
Finance
4.20%
0.0%
Bosch Limited
Auto Components
4.13%
0.0%
SHRIRAM FINANCE LIMITED
Finance
3.87%
0.0%
Ultratech Cement Ltd.
Cement and Cement Products
3.84%
0.0%
STATE BANK OF INDIA.
Banks
3.78%
0.0%
Linde India Ltd.
Chemicals and Petrochemicals
3.32%
0.0%
Hero MotoCorp Ltd.
Automobiles
2.64%
0.0%
GODREJ CONSUMER PRODUCTS LTD.
Personal Products
2.23%
0.0%
METROPOLIS HEALTHCARE LTD.
Healthcare Services
2.14%
0.0%
Avenue Supermarts Ltd
Retailing
2.00%
0.0%
TATA CONSULTANCY SERVICES LTD.
IT - Software
1.98%
0.0%
Glaxosmithkline Pharma Ltd
Pharmaceuticals and Biotechnology
1.82%
0.0%
Siemens Ltd.
Electrical Equipment
1.80%
0.0%
AMBUJA CEMENTS LTD.
Cement and Cement Products
1.64%
0.0%
Power Finance Corporation Ltd.
Finance
1.57%
0.0%
Britannia Industries Ltd.
Food Products
1.55%
0.0%
VISHAL MEGA MART LIMITED
Retailing
1.47%
0.0%
Indus Towers Ltd.
Telecom - Services
1.21%
0.0%
Abbott India Ltd.
Pharmaceuticals and Biotechnology
1.19%
0.0%
SRF LTD.
Chemicals and Petrochemicals
1.19%
0.0%
Hindustan Unilever Ltd.
Diversified FMCG
1.10%
0.0%
INDIAN BANK
Banks
1.06%
0.0%
Schaeffler India Ltd
Auto Components
1.02%
+8.2%
Shopper Stop Ltd.
Retailing
0.97%
0.0%
Tech Mahindra Ltd.
IT - Software
0.96%
0.0%
Mahindra & Mahindra Ltd.
Automobiles
0.95%
0.0%
Apollo Tyres Ltd.
Auto Components
0.89%
0.0%
Maruti Suzuki India Limited
Automobiles
0.87%
0.0%
GAIL (India) Ltd.
Gas
0.83%
+58.6%
BANK OF BARODA
Banks
0.76%
0.0%
HCL Technologies Ltd.
IT - Software
0.72%
0.0%
Kotak Liquid Direct Growth
Mutual Fund
0.62%
CRISIL Ltd.
Finance
0.59%
+331.0%
V-MART RETAIL LTD.
Retailing
0.50%
0.0%
BIOCON LTD.
Pharmaceuticals and Biotechnology
0.49%
0.0%
Balrampur Chini Mills Ltd.
Agricultural Food and other Product
0.44%
0.0%
JK Cement Ltd.
Cement and Cement Products
0.44%
0.0%
Teamlease Services Ltd
Commercial Services and Supplies
0.41%
0.0%
RELIANCE INDUSTRIES LTD.
Petroleum Products
0.35%
New
Kotak ESG Exclusionary Strategy Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Schaeffler India Ltd
↑Added
+8.2%
1.02%
GAIL (India) Ltd.
↑Added
+58.6%
0.83%
BHARAT PETROLEUM CORPORATION LTD.
↓Sold out
−100%
was 0.66%
CRISIL Ltd.
↑Added
+331.0%
0.59%
HINDUSTAN PETROLEUM CORPORATION LTD.
↓Sold out
−100%
was 0.44%
RELIANCE INDUSTRIES LTD.
↑New
New
0.35%
APL Apollo Tubes Ltd
↓Sold out
−100%
was 0.27%
No stocks in this group for September 2026.
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.
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 ESG Exclusionary Strategy Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.15%
Expense ratio (Regular)
2.50%
Category
Thematic
Risk
Very High
Benchmark
Nifty 100 ESG TRI
Launch date
11-12-2020
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹684.73 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
148606
ISIN (Direct)
INF174KA1FI4
Scheme code (Regular)
148602
ISIN (Regular)
INF174KA1FF0
NAV history
From 18-12-2020, 5.9 years
Exit load
0.5% for redemption within 90 Days
Tax on Kotak ESG Exclusionary Strategy Fund returns
Kotak ESG Exclusionary Strategy 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
Payout Income Distribution Cum Capital Withdrawal
₹17.479
30-10-2026
direct
Growth
₹17.481
30-10-2026
regular
Payout Income Distribution Cum Capital Withdrawal
₹15.932
30-10-2026
regular
Growth
₹15.932
30-10-2026
About Kotak ESG Exclusionary Strategy Fund
Kotak ESG Exclusionary Strategy Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 11-12-2020. Its benchmark is Nifty 100 ESG TRI. At the end of September 2026 it held 46 securities.
Fund Manager
Mandar Pawar
Fund manager of Kotak ESG Exclusionary Strategy Fund, since 22-01-2024
Frequently Asked Questions for Kotak ESG Exclusionary Strategy Fund
What is the current NAV of Kotak ESG Exclusionary Strategy Fund?
The Direct plan NAV is ₹17.481. The Regular plan NAV is ₹15.932, as on 30-10-2026.
What are the returns of Kotak ESG Exclusionary Strategy Fund?
The Direct plan returned −8.34% in 1 year, +8.91% a year over 3 years, +6.97% a year over 5 years. The Regular plan returned −9.63% in 1 year, +7.35% a year over 3 years, +5.33% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak ESG Exclusionary Strategy Fund?
The Direct plan charges 1.15% a year. The Regular plan charges 2.50% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Kotak ESG Exclusionary Strategy Fund?
Kotak ESG Exclusionary Strategy Fund managed ₹684.73 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak ESG Exclusionary Strategy Fund?
At the end of September 2026 the largest holdings were BHARTIARTL (7.70%), ICICIBANK (6.95%), HDFCBANK (5.28%), AXISBANK (4.83%), LT (4.45%). The fund held 46 securities in all.
What did Kotak ESG Exclusionary Strategy Fund buy and sell in September 2026?
It bought 1 new stock: RELIANCE INDUSTRIES LTD. It sold out of 3: BHARAT PETROLEUM CORPORATION LTD, HINDUSTAN PETROLEUM CORPORATION LTD, APL Apollo Tubes Ltd. It added shares in 3.
How do I invest in Kotak ESG Exclusionary Strategy 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 ESG Exclusionary Strategy Fund?
Mandar Pawar (since 22-01-2024).
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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