Kotak Healthcare Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Kotak Healthcare Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹825 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 23.3% and its Regular plan returned 21.4%. Its benchmark, Nifty Healthcare Index TRI, returned 11.5% over the same year.

NAV (Direct plan): ₹17.44; ▲ 0.60%30-10-2026
NAV (Regular plan): ₹16.65; ▲ 0.60%30-10-2026
Expense ratio: 1.03%Direct2.55%Regular; 1.03%; A year
Riskometer: Very High; Set by the fund house
1 year return: 23.3%Direct21.4%Regular; 23.3%; Total

Kotak Healthcare Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹17.44 (up 0.60% that day); Regular Plan Growth ₹16.65 (up 0.60% that day).

This fund (Direct plan)

₹17.444

Kotak Healthcare Fund Returns vs Nifty Healthcare Index 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)	−0.62%	+1.50%	+19.13%	+23.31%	--	--	--
This fund (Regular)	−0.75%	+1.12%	+18.22%	+21.39%	--	--	--
Nifty Healthcare Index TRI	+1.93%	−1.47%	+10.59%	+11.50%	+21.56%	+14.55%	--
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	54/235	21/232	2/232	3/215	--	--	--

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

Kotak Healthcare Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Healthcare Index TRI
2026to date	+27.28%	+25.64%	+12.91%
2025	−5.83%	−7.34%	−1.50%
2024	+41.86%	+39.49%	+41.36%

Kotak Healthcare 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 460 periods, one for each trading day from 18-12-2024 to 30-10-2026.

−10%0%10%20%30%40%50%

Feb 2024
to
Feb 2025Jun 2024
to
Jun 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026

Kotak Healthcare Fund (Direct)Nifty Healthcare Index TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	460	15.3%	−6.2%	42.5%	14%	11.4%	65%
2 years	212	14.2%	8.1%	19.5%	0%	11.6%	76%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	23	7.3%	−9.3%	43.1%	13%	9.5%	52%

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

Kotak Healthcare Fund Risk

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

Risk and return

Measure	Kotak Healthcare Fund (Direct)This fund	Nifty Healthcare Index TRI
Return (CAGR)	+23.31%	+11.50%
Standard deviation	14.36%	13.99%
Sharpe ratio	1.26	0.45
Sortino ratio	1.86	0.66
Maximum drawdown	−10.4% (23-10-2026)	−9.2% (23-10-2026)
Beta	0.92	1.00
Alpha	+12.32%	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 Healthcare Fund (Direct)This fund	Nifty Healthcare Index TRI
Return (CAGR)	+21.25%	+18.24%
Standard deviation	14.46%	14.82%
Sharpe ratio	1.06	0.83
Sortino ratio	1.49	1.18
Maximum drawdown	−18.1% (03-03-2025)	−15.7% (28-02-2025)
Beta	0.90	1.00
Alpha	+4.30%	0.00%

From daily NAVs, 18-12-2023 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.

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%

202420252026

Kotak Healthcare Fund (Direct)Nifty Healthcare Index TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Healthcare Fund (Direct)	−18.1%	02-01-2025	03-03-2025	04-05-2026	14 months	−4.4%
Nifty Healthcare Index TRI	−15.7%	02-01-2025	28-02-2025	29-07-2025	5 months	−2.9%

From the Direct plan's daily NAV since 18-12-2023, adjusted for unit splits, and Nifty Healthcare Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak Healthcare 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
Kotak Healthcare Fund	3/215	825	1.03%	+23.31%	--	--	--	--	--
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

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 Healthcare Fund Expense Ratio and Costs

What each plan charges a year, in force from 19-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.72%	0.04%	0.00%	0.27%	1.03%	1.18%	70/235
Regular	2.00%	0.04%	0.00%	0.51%	2.55%	2.41%	148/235

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	21.39%	23.31%	1.92%	₹1,21,390	₹1,23,310

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 Healthcare 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 18-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Healthcare Fund (Direct)	₹3,50,000	₹4,59,727	₹1,09,727	19.2%
Regular planKotak Healthcare Fund (Regular)	₹3,50,000	₹4,48,198	₹98,198	17.3%
Nifty Healthcare Index TRI	₹3,50,000	₹4,22,169	₹72,169	13.0%
Category averageCategory average, 235 Thematic funds	₹3,50,000	₹3,73,991	₹23,991	4.5%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L

202420252026

Direct planKotak Healthcare Fund (Direct)Regular planKotak Healthcare Fund (Regular)Nifty Healthcare Index 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 Healthcare 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	33.4%	45.7%
Mid Cap	19.6%	19.6%
Small Cap	38.3%	24.1%
Not on AMFI's list	7.3%	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 Healthcare Fund Sector Allocation

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

Largest sectors

Pharmaceuticals and Biotechnology69.0%
Healthcare Services21.1%
Healthcare Equipment and Supplies5.1%
Chemicals and Petrochemicals3.6%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals and Biotechnology	71.2%	70.3%	69.0%	−2.2%
Healthcare Services	25.1%	27.7%	21.1%	−4.0%
Healthcare Equipment and Supplies	0.6%	0.2%	5.1%	+4.5%
Chemicals and Petrochemicals	1.8%	1.5%	3.6%	+1.8%

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 Healthcare Fund Portfolio Holdings

As on 30-09-2026 · 35 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
SUN PHARMACEUTICAL INDUSTRIES LTD.	Pharmaceuticals and Biotechnology	13.21%	+11.1%
Divis Laboratories Ltd.	Pharmaceuticals and Biotechnology	9.35%	+10.7%
MOLBIO DIAGNOSTICS LIMITED	Healthcare Equipment and Supplies	5.08%	0.0%
TORRENT PHARMACEUTICALS LTD.	Pharmaceuticals and Biotechnology	4.65%	+11.1%
Ami Organics Ltd	Pharmaceuticals and Biotechnology	4.17%	+10.5%
Max Healthcare Institute Ltd.	Healthcare Services	3.61%	0.0%
Cipla Ltd.	Pharmaceuticals and Biotechnology	3.26%	0.0%
PARK MEDI WORLD LIMITED (PARK HOSPITAL)	Healthcare Services	3.17%	+5.6%
Gland Pharma Limited	Pharmaceuticals and Biotechnology	3.16%	+11.1%
YATHARTH HOSPITAL AND TRAUMA CARE SERVICES LTD	Healthcare Services	3.12%	0.0%
Apollo Hospitals Enterprise Ltd.	Healthcare Services	2.97%	+7.1%
SAI LIFE SCIENCES LIMITED	Pharmaceuticals and Biotechnology	2.96%	0.0%
Laurus Labs Ltd	Pharmaceuticals and Biotechnology	2.88%	+20.0%
MANKIND PHARMA LTD	Pharmaceuticals and Biotechnology	2.73%	0.0%
KRISHNA INSTITUTE OF MEDICAL	Healthcare Services	2.71%	+20.0%
Marksans Pharma Ltd	Pharmaceuticals and Biotechnology	2.44%	+4.2%
ANTHEM BIOSCIENCES LTD	Pharmaceuticals and Biotechnology	2.34%	+12.5%
Fortis Healthcare India Ltd	Healthcare Services	2.33%	0.0%
PRASOL CHEMICALS LIMITED	Chemicals and Petrochemicals	2.24%	New
Ajanta Pharma Ltd.	Pharmaceuticals and Biotechnology	1.97%	0.0%
RUBICON RESEARCH LIMITED	Pharmaceuticals and Biotechnology	1.96%	0.0%
EMCURE PHARMACEUTICALS LIMITED	Pharmaceuticals and Biotechnology	1.77%	+15.4%
Aurobindo Pharma Ltd.	Pharmaceuticals and Biotechnology	1.72%	+21.4%
VIYASH SCIENTIFIC LTD	Pharmaceuticals and Biotechnology	1.71%	+2.6%
ORCHID PHARMA LIMITED	Pharmaceuticals and Biotechnology	1.57%	0.0%
CORONA REMEDIES LIMITED	Pharmaceuticals and Biotechnology	1.52%	0.0%
INNOVA CAPTABS LTD	Pharmaceuticals and Biotechnology	1.41%	+29.9%
JUBILANT INGREVIA LTD.	Chemicals and Petrochemicals	1.35%	0.0%
JUBILANT PHARMOVA LIMITED	Pharmaceuticals and Biotechnology	1.25%	0.0%
RAINBOW CHILDRENS MEDICARE LTD	Healthcare Services	1.11%	0.0%
DR.Lal Pathlabs Ltd	Healthcare Services	1.06%	0.0%
Zydus Lifesciences Ltd.	Pharmaceuticals and Biotechnology	1.06%	0.0%
Lupin Ltd.	Pharmaceuticals and Biotechnology	0.98%	0.0%
METROPOLIS HEALTHCARE LTD.	Healthcare Services	0.98%	0.0%
Pfizer Ltd.	Pharmaceuticals and Biotechnology	0.89%	0.0%

Kotak Healthcare Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

SUN PHARMACEUTICAL INDUSTRIES LTD.	Added	+11.1%	13.21%
Divis Laboratories Ltd.	Added	+10.7%	9.35%
TORRENT PHARMACEUTICALS LTD.	Added	+11.1%	4.65%
Ami Organics Ltd	Added	+10.5%	4.17%
PARK MEDI WORLD LIMITED (PARK HOSPITAL)	Added	+5.6%	3.17%
Apollo Hospitals Enterprise Ltd.	Added	+7.1%	2.97%
Gland Pharma Limited	Added	+11.1%	3.16%
Laurus Labs Ltd	Added	+20.0%	2.88%
KRISHNA INSTITUTE OF MEDICAL	Added	+20.0%	2.71%
Marksans Pharma Ltd	Added	+4.2%	2.44%
ANTHEM BIOSCIENCES LTD	Added	+12.5%	2.34%
PRASOL CHEMICALS LIMITED	New	New	2.24%
VIYASH SCIENTIFIC LTD	Added	+2.6%	1.71%
EMCURE PHARMACEUTICALS LIMITED	Added	+15.4%	1.77%
Aurobindo Pharma Ltd.	Added	+21.4%	1.72%
INNOVA CAPTABS LTD	Added	+29.9%	1.41%
LAXMI DENTAL LIMITED	Sold out	−100%	was 0.17%

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 Healthcare Fund bought and sold

Kotak Healthcare Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
SBI Healthcare Opportunities FundThematic · SBI	62.2%	20	Compare
Bandhan BSE Healthcare Index FundIndex · Bandhan	56.1%	32	Compare
Motilal Oswal BSE Healthcare ETFETF · Motilal Oswal	55.8%	32	Compare
Mirae Asset Nifty 500 Healthcare ETFETF · Mirae Asset	55.0%	22	Compare
Mirae Asset Healthcare FundThematic · Mirae Asset	54.4%	17	Compare
ITI Pharma and Healthcare FundThematic · ITI	53.0%	17	Compare
WhiteOak Capital Pharma and Healthcare FundSectoral · WhiteOak Capital	53.0%	23	Compare
ICICI Prudential Nifty Healthcare ETFETF · ICICI Prudential	52.3%	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 Healthcare Fund Overview

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

Expense ratio (Direct): 1.03%
Expense ratio (Regular): 2.55%
Category: Thematic
Risk: Very High
Benchmark: NIFTY Healthcare TRI
Launch date: 12-12-2023
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹825.14 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152214
ISIN (Direct): INF174KA1PZ7
Scheme code (Regular): 152216
ISIN (Regular): INF174KA1PW4
NAV history: From 18-12-2023, 2.9 years

Exit load: 0.5% for redemption within 30 Days

Tax on Kotak Healthcare Fund returns

Kotak Healthcare 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	₹17.444	30-10-2026
direct	IDCW	₹17.442	30-10-2026
regular	Growth	₹16.646	30-10-2026
regular	IDCW	₹16.651	30-10-2026

About Kotak Healthcare Fund

Kotak Healthcare Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 12-12-2023. Its benchmark is NIFTY Healthcare TRI. At the end of September 2026 it held 35 securities.

Fund Manager

Dhananjay Tikariha
Fund manager of Kotak Healthcare Fund
Abhishek Bisen
Fund manager of Kotak Healthcare Fund

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹825.14 Cr; +7.48% from August 2026
August 2026: ₹767.70 Cr; +12.50% from July 2026
July 2026: ₹682.39 Cr; +0.59% from June 2026

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

Compare Kotak Healthcare Fund with Other Funds

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

Kotak Healthcare vs Nippon India Taiwan EquityThematic
Kotak Healthcare vs HDFC DefenceThematic
Kotak Healthcare vs HDFC Pharma and HealthcareThematic
Kotak Healthcare vs SBI Healthcare Opportunities62.2% overlap
Kotak Healthcare vs Aditya Birla Sun Life International EquityThematic
Kotak Healthcare vs Bandhan BSE Healthcare Index56.1% overlap
Kotak Healthcare vs Motilal Oswal BSE Healthcare ETF55.8% overlap
Kotak Healthcare vs Mirae Asset Nifty 500 Healthcare ETF55.0% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Healthcare Fund

What is the current NAV of Kotak Healthcare Fund?

The Direct plan NAV is ₹17.444. The Regular plan NAV is ₹16.646, as on 30-10-2026.

What are the returns of Kotak Healthcare Fund?

The Direct plan returned +23.31% in 1 year. The Regular plan returned +21.39% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Healthcare Fund?

The Direct plan charges 1.03% a year. The Regular plan charges 2.55% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.

What is the AUM of Kotak Healthcare Fund?

Kotak Healthcare Fund managed ₹825.14 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Healthcare Fund?

At the end of September 2026 the largest holdings were SUNPHARMA (13.21%), DIVISLAB (9.35%), MOLBIO (5.08%), TORNTPHARM (4.65%), ACUTAAS (4.17%). The fund held 35 securities in all.

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

It bought 1 new stock: PRASOL CHEMICALS LIMITED. It sold out of 1: LAXMI DENTAL LIMITED. It added shares in 15.

How do I invest in Kotak Healthcare 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 Healthcare Fund?

Dhananjay Tikariha, 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.