Kotak Focused Fund

FocusedDirect and Regular plans, Growth option

Data as on 30-10-2026

Kotak Focused Fund is a Focused fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹4,273 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 14.1% a year and its Regular plan returned 12.6% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.

NAV (Direct plan): ₹28.68; ▼ 0.07%30-10-2026
NAV (Regular plan): ₹25.65; ▼ 0.07%30-10-2026
Expense ratio: 0.73%Direct2.04%Regular; 0.73%; A year
Riskometer: Very High; Set by the fund house
3 year return: 14.1%Direct12.6%Regular; 14.1%; A year

Kotak Focused Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹28.68 (down 0.07% that day); Regular Plan Growth ₹25.65 (down 0.07% that day).

This fund (Direct plan)

₹28.677

Kotak Focused Fund Returns vs Nifty 500 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)	−1.14%	−6.36%	−0.47%	−2.55%	+14.10%	+10.63%	--
This fund (Regular)	−1.25%	−6.67%	−1.13%	−3.83%	+12.57%	+9.06%	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Focused average	−1.00%	−4.12%	+1.39%	−3.09%	+12.30%	+10.21%	--
Best in Focused	+2.11%	+5.18%	+17.02%	+19.34%	+21.38%	+15.90%	--
Worst in Focused	−5.18%	−8.77%	−5.73%	−14.35%	+7.49%	+3.36%	--
Rank in Focused	16/28	24/28	18/28	12/28	8/27	9/22	--

Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.

Kotak Focused Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−4.06%	−5.11%	−7.51%
2025	+14.64%	+13.12%	+7.76%
2024	+17.99%	+16.36%	+16.24%
2023	+24.48%	+22.68%	+26.91%
2022	+3.25%	+1.61%	+4.25%
2021	+36.51%	+34.23%	+31.60%

Kotak Focused 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 1,049 periods, one for each trading day from 25-07-2022 to 30-10-2026.

0%10%20%30%40%

Nov 2019
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026

Kotak Focused Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	1,547	13.7%	−4.9%	92.8%	4%	11.5%	59%
2 years	1,298	20.1%	0.8%	51.9%	0%	19.3%	50%
3 years	1,049	18.5%	10.7%	32.3%	0%	17.9%	50%
5 years	561	19.3%	9.8%	27.9%	0%	19.0%	60%
7 years	67	17.0%	14.9%	17.7%	0%	15.5%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	76	15.3%	−14.4%	73.6%	13%	14.6%	54%
2 years	64	15.8%	0.3%	45.1%	0%	14.4%	63%
3 years	52	17.0%	6.4%	27.6%	0%	16.1%	48%
5 years	28	17.3%	11.1%	25.7%	0%	15.8%	64%

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 500 TRI over the same days. Past returns do not promise future returns.

Kotak Focused Fund Risk

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

Risk and return

Measure	Kotak Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−2.55%	−7.34%
Standard deviation	15.16%	14.48%
Sharpe ratio	-0.51	-0.87
Sortino ratio	-0.69	-1.16
Maximum drawdown	−14.1% (30-03-2026)	−14.7% (30-03-2026)
Beta	1.03	1.00
Alpha	+5.12%	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 Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+14.10%	+10.22%
Standard deviation	14.22%	14.30%
Sharpe ratio	0.57	0.29
Sortino ratio	0.78	0.40
Maximum drawdown	−17.9% (28-02-2025)	−18.6% (28-02-2025)
Beta	0.97	1.00
Alpha	+4.01%	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 Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+10.63%	+8.81%
Standard deviation	14.05%	14.36%
Sharpe ratio	0.34	0.21
Sortino ratio	0.47	0.28
Maximum drawdown	−18.4% (20-06-2022)	−18.6% (28-02-2025)
Beta	0.95	1.00
Alpha	+1.97%	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 Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+15.56%	+13.77%
Standard deviation	16.56%	17.27%
Sharpe ratio	0.63	0.50
Sortino ratio	0.84	0.66
Maximum drawdown	−36.3% (23-03-2020)	−38.1% (23-03-2020)
Beta	0.94	1.00
Alpha	+2.34%	0.00%

From daily NAVs, 23-07-2019 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.

−40%−30%−20%−10%0%

2020202120222023202420252026

Kotak Focused Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Focused Fund (Direct)	−36.3%	24-01-2020	23-03-2020	09-11-2020	8 months	−8.4%
Nifty 500 TRI	−38.1%	17-01-2020	23-03-2020	06-11-2020	7 months	−8.8%

From the Direct plan's daily NAV since 23-07-2019, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak Focused Fund vs Other Focused Funds

The five Focused 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
Invesco India Focused Fund	1/27	6,229	0.70%	+3.30%	+21.38%	+11.34%	1.04	0.96	1.35	Compare
ICICI Prudential Focused Fund	2/27	17,168	1.12%	−4.91%	+16.41%	+6.86%	0.91	0.77	1.09	Compare
ITI Focused Fund	3/27	607	0.90%	−0.70%	+15.80%	+5.33%	1.06	0.61	0.82	Compare
HDFC Focused Fund	4/27	26,553	0.83%	−4.98%	+15.40%	+6.13%	0.77	0.80	1.12	Compare
SBI Focused Fund	5/27	50,180	0.82%	+3.97%	+15.26%	+6.11%	0.76	0.76	1.05	Compare
Kotak Focused Fund	8/27	4,273	0.73%	−2.55%	+14.10%	+4.01%	0.97	0.57	0.78

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 Focused 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	Focused median	Cost rank (1 = cheapest)
Direct	0.51%	0.03%	0.00%	0.19%	0.73%	1.10%	2/28
Regular	1.62%	0.03%	0.00%	0.39%	2.04%	2.23%	8/28

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 Focused 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	−3.83%	−2.55%	1.28%	₹96,170	₹97,450
3 years	12.57%	14.10%	1.53% a year	₹1,42,649	₹1,48,545
5 years	9.06%	10.63%	1.57% a year	₹1,54,286	₹1,65,716

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 Focused 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 23-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Focused Fund (Direct)	₹8,80,000	₹14,91,608	₹6,11,608	14.1%
Regular planKotak Focused Fund (Regular)	₹8,80,000	₹13,98,293	₹5,18,293	12.4%
Nifty 500 TRI	₹8,80,000	₹13,71,348	₹4,91,348	11.9%
Category averageCategory average, 28 Focused funds	₹8,80,000	₹14,57,068	₹5,77,068	13.5%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

2020202120222023202420252026

Direct planKotak Focused Fund (Direct)Regular planKotak Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused 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 Focused Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.8%Equity

Asset	Fund	Category
Equity	95.8%	93.9%
Cash and others	4.2%	5.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	58.6%	57.8%
Mid Cap	31.5%	18.9%
Small Cap	5.5%	15.4%
Not on AMFI's list	0.2%	1.4%

Share of the whole fund. Category: the average of the Focused 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 Focused Fund Sector Allocation

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

Largest sectors

Banks17.5%
Finance10.2%
Aerospace and Defense6.2%
Healthcare Services5.8%
Automobiles5.7%
Retailing5.4%
Consumer Durables5.2%
IT - Software4.4%
Telecom - Services4.2%
Pharmaceuticals and Biotechnology3.9%

The ten largest of 20 sectors. The other 10 add up to 27.4%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	17.6%	17.2%	17.5%	−0.1%
Finance	7.9%	10.2%	10.2%	+2.3%
Aerospace and Defense	6.3%	6.0%	6.2%	−0.1%
Healthcare Services	6.1%	5.7%	5.8%	−0.3%
Automobiles	6.0%	5.8%	5.7%	−0.3%

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 Focused Fund Portfolio Holdings

As on 30-09-2026 · 29 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
ICICI BANK LTD.	Banks	6.89%	0.0%
HDFC BANK LTD.	Banks	5.73%	+7.8%
ETERNAL LIMITED	Retailing	5.41%	0.0%
STATE BANK OF INDIA.	Banks	4.90%	0.0%
SHRIRAM FINANCE LIMITED	Finance	4.66%	0.0%
BHARTI AIRTEL LTD.	Telecom - Services	4.17%	0.0%
Divis Laboratories Ltd.	Pharmaceuticals and Biotechnology	3.86%	0.0%
RELIANCE INDUSTRIES LTD.	Petroleum Products	3.51%	0.0%
KEI Industries Ltd.	Industrial Products	3.39%	+6.5%
Bharat Electronics Ltd.	Aerospace and Defense	3.28%	0.0%
GE VERNOVA T&D INDIA LIMITED	Electrical Equipment	3.19%	0.0%
BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW)	Capital Markets	3.14%	0.0%
Radico Khaitan Ltd.	Beverages	3.11%	−7.3%
Fortis Healthcare India Ltd	Healthcare Services	3.09%	0.0%
Hero MotoCorp Ltd.	Automobiles	3.04%	0.0%
Minda Industries Ltd.	Auto Components	3.03%	+6.8%
Dixon Technologies India Ltd	Consumer Durables	2.92%	+15.8%
ASTRA MICROWAVE PRODUCTS LTD.	Aerospace and Defense	2.89%	0.0%
Inter Globe Aviation Ltd	Transport Services	2.88%	0.0%
POONAWALLA FINCORP LIMITED	Finance	2.81%	0.0%
PIRAMAL FINANCE LTD	Finance	2.75%	+18.1%
KRISHNA INSTITUTE OF MEDICAL	Healthcare Services	2.66%	+11.3%
Maruti Suzuki India Limited	Automobiles	2.64%	0.0%
Ultratech Cement Ltd.	Cement and Cement Products	2.60%	0.0%
Tech Mahindra Ltd.	IT - Software	2.53%	0.0%
Larsen and Toubro Ltd.	Construction	2.36%	0.0%
BLUE STAR LTD.	Consumer Durables	2.29%	+33.0%
Persistent Systems Limited	IT - Software	1.89%	0.0%
MOLBIO DIAGNOSTICS LIMITED	Healthcare Equipment and Supplies	0.18%	New

Kotak Focused Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC BANK LTD.	Added	+7.8%	5.73%
KEI Industries Ltd.	Added	+6.5%	3.39%
Radico Khaitan Ltd.	Reduced	−7.3%	3.11%
Minda Industries Ltd.	Added	+6.8%	3.03%
Dixon Technologies India Ltd	Added	+15.8%	2.92%
PIRAMAL FINANCE LTD	Added	+18.1%	2.75%
KRISHNA INSTITUTE OF MEDICAL	Added	+11.3%	2.66%
BLUE STAR LTD.	Added	+33.0%	2.29%
SRF LTD.	Sold out	−100%	was 1.37%
MOLBIO DIAGNOSTICS LIMITED	New	New	0.18%

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 Focused Fund bought and sold

Kotak Focused Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Kotak Contra FundValue and Contra · Kotak Mahindra	46.9%	22	Compare
Kotak ELSS Tax Saver FundELSS · Kotak Mahindra	44.0%	16	Compare
Kotak Flexi Cap FundFlexi Cap · Kotak Mahindra	43.8%	17	Compare
Canara Robeco Focused FundFocused · Canara Robeco	41.5%	12	Compare
HSBC Large Cap FundLarge Cap · HSBC	41.2%	12	Compare
PGIM India Large Cap FundLarge Cap · PGIM India	41.1%	16	Compare
Canara Robeco Flexi Cap FundFlexi Cap · Canara Robeco	41.0%	21	Compare
Kotak Large Cap FundLarge Cap · Kotak Mahindra	40.9%	16	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 Focused Fund Overview

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

Expense ratio (Direct): 0.73%
Expense ratio (Regular): 2.04%
Category: Focused
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 16-07-2019
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹4,273.21 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 147473
ISIN (Direct): INF174KA1EN7
Scheme code (Regular): 147477
ISIN (Regular): INF174KA1EK3
NAV history: From 23-07-2019, 7.3 years

Exit load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.

Tax on Kotak Focused Fund returns

Kotak Focused 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	Income Distribution Cum Capital Withdrawal	₹28.678	30-10-2026
direct	Growth	₹28.677	30-10-2026
regular	Income Distribution Cum Capital Withdrawal	₹25.652	30-10-2026
regular	Growth	₹25.652	30-10-2026

About Kotak Focused Fund

Kotak Focused Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Focused. It was launched on 16-07-2019. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 29 securities.

Fund Manager

Shibani Kurian
Fund manager of Kotak Focused Fund, since 16-07-2019

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹4,273.21 Cr; −6.06% from August 2026
August 2026: ₹4,548.87 Cr; +2.06% from July 2026
July 2026: ₹4,457.06 Cr; +3.68% from June 2026

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

Compare Kotak Focused Fund with Other Funds

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

Kotak Focused vs Invesco India FocusedFocused
Kotak Focused vs ICICI Prudential FocusedFocused
Kotak Focused vs ITI FocusedFocused
Kotak Focused vs HDFC FocusedFocused
Kotak Focused vs SBI FocusedFocused
Kotak Focused vs Kotak Contra46.9% overlap
Kotak Focused vs Kotak ELSS Tax Saver44.0% overlap
Kotak Focused vs Kotak Flexi Cap43.8% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Focused Fund

What is the current NAV of Kotak Focused Fund?

The Direct plan NAV is ₹28.677. The Regular plan NAV is ₹25.652, as on 30-10-2026.

What are the returns of Kotak Focused Fund?

The Direct plan returned −2.55% in 1 year, +14.10% a year over 3 years, +10.63% a year over 5 years. The Regular plan returned −3.83% in 1 year, +12.57% a year over 3 years, +9.06% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Focused Fund?

The Direct plan charges 0.73% a year. The Regular plan charges 2.04% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak Focused Fund?

Kotak Focused Fund managed ₹4,273.21 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Focused Fund?

At the end of September 2026 the largest holdings were ICICIBANK (6.89%), HDFCBANK (5.73%), ETERNAL (5.41%), SBIN (4.90%), SHRIRAMFIN (4.66%). The fund held 29 securities in all.

What did Kotak Focused Fund buy and sell in September 2026?

It bought 1 new stock: MOLBIO DIAGNOSTICS LIMITED. It sold out of 1: SRF LTD. It added shares in 7. It reduced 1.

How do I invest in Kotak Focused 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 Focused Fund?

Shibani Kurian (since 16-07-2019).

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.