Kotak Pioneer Fund

ThematicDirect and Regular plans, Growth option

Data as on 29-10-2026

Kotak Pioneer Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹4,295 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 20.0% a year and its Regular plan returned 18.3% a year.

NAV (Direct plan): ₹37.63; ▲ 0.33%29-10-2026
NAV (Regular plan): ₹33.79; ▲ 0.32%29-10-2026
Expense ratio: 0.63%Direct1.90%Regular; 0.63%; A year
Riskometer: Very High; Set by the fund house
3 year return: 20.0%Direct18.3%Regular; 20.0%; A year

Kotak Pioneer Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹37.63 (up 0.33% that day); Regular Plan Growth ₹33.79 (up 0.32% that day).

This fund (Direct plan)

₹37.634

Kotak Pioneer Fund Returns vs Thematic Funds

Returns as on 29-10-2026. 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)	−3.23%	−1.53%	+6.34%	+4.04%	+19.97%	+13.89%	--
This fund (Regular)	−3.33%	−1.84%	+5.65%	+2.66%	+18.32%	+12.25%	--
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	156/235	49/232	53/232	55/215	21/133	31/96	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return. This fund's benchmark is 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI. Returns of that index are not available to us, so the category average is the comparison.

Kotak Pioneer Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+6.63%	+5.46%
2025	+7.70%	+6.23%
2024	+30.41%	+28.57%
2023	+38.70%	+36.67%
2022	−6.89%	−8.36%
2021	+38.48%	+36.11%

Kotak Pioneer 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 981 periods, one for each trading day from 07-11-2022 to 29-10-2026.

0%10%20%30%40%

Mar 2020
to
Mar 2023Nov 2020
to
Nov 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026

Kotak Pioneer Fund (Direct)Category average, 235 Thematic funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,473	18.2%	−11.1%	129.5%	9%	17.1%	68%
2 years	1,228	24.5%	4.5%	63.4%	0%	22.4%	62%
3 years	981	22.0%	14.2%	38.4%	0%	21.0%	63%
5 years	489	23.2%	13.2%	34.1%	0%	20.9%	95%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	72	21.1%	−18.4%	104.1%	15%	16.3%	69%
2 years	60	17.8%	−0.4%	56.6%	2%	16.2%	60%
3 years	48	20.2%	9.1%	34.1%	0%	19.0%	56%
5 years	24	20.1%	13.5%	27.7%	0%	18.5%	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 235 Thematic funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Kotak Pioneer Fund Risk

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

Risk and return

Measure	Kotak Pioneer Fund (Direct)This fund	Category average
Return (CAGR)	+4.04%	−1.54%
Standard deviation	13.48%	13.74%
Sharpe ratio	-0.09	-0.49
Sortino ratio	-0.12	-0.66
Maximum drawdown	−13.1% (30-03-2026)	−12.7% (30-03-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. 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 Pioneer Fund (Direct)This fund	Category average
Return (CAGR)	+19.97%	+14.14%
Standard deviation	12.91%	13.39%
Sharpe ratio	1.08	0.61
Sortino ratio	1.53	0.82
Maximum drawdown	−19.3% (07-04-2025)	−18.5% (28-02-2025)

From daily NAVs, 27-10-2023 to 29-10-2026. 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 Pioneer Fund (Direct)This fund	Category average
Return (CAGR)	+13.89%	+12.42%
Standard deviation	13.61%	13.09%
Sharpe ratio	0.59	0.51
Sortino ratio	0.82	0.68
Maximum drawdown	−21.7% (20-06-2022)	−18.5% (28-02-2025)

From daily NAVs, 29-10-2021 to 29-10-2026. 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 Pioneer Fund (Direct)This fund	Category average
Return (CAGR)	+20.88%	+16.95%
Standard deviation	15.66%	15.19%
Sharpe ratio	1.01	0.78
Sortino ratio	1.38	1.02
Maximum drawdown	−35.7% (23-03-2020)	−33.7% (23-03-2020)

From daily NAVs, 06-11-2019 to 29-10-2026. 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.

−40%−30%−20%−10%0%

2020202120222023202420252026

Kotak Pioneer Fund (Direct)Category average, 235 Thematic funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Pioneer Fund (Direct)	−35.7%	17-01-2020	23-03-2020	04-08-2020	4 months	−6.5%
Category average	−33.7%	07-02-2020	23-03-2020	05-11-2020	7 months	−6.9%

From the Direct plan's daily NAV since 06-11-2019, adjusted for unit splits, and the average of the 235 Thematic 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 Pioneer 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 Pioneer Fund	21/133	4,295	0.63%	+4.04%	+19.97%	--	--	1.08	1.53

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 Pioneer Fund Expense Ratio and Costs

What each plan charges a year, in force from 16-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.48%	0.01%	0.00%	0.13%	0.63%	1.18%	3/235
Regular	1.57%	0.01%	0.00%	0.32%	1.90%	2.41%	13/235

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	2.66%	4.04%	1.38%	₹1,02,660	₹1,04,040
3 years	18.32%	19.97%	1.65% a year	₹1,65,644	₹1,72,670
5 years	12.25%	13.89%	1.64% a year	₹1,78,210	₹1,91,614

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 Pioneer 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 06-11-2019 to 29-10-2026: 84 instalments, ₹8,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Pioneer Fund (Direct)	₹8,40,000	₹16,56,286	₹8,16,286	19.1%
Regular planKotak Pioneer Fund (Regular)	₹8,40,000	₹15,53,613	₹7,13,613	17.3%
Category averageCategory average, 235 Thematic funds	₹8,40,000	₹14,52,870	₹6,12,870	15.4%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

2020202120222023202420252026

Direct planKotak Pioneer Fund (Direct)Regular planKotak Pioneer Fund (Regular)Category averageCategory average, 235 Thematic 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 Pioneer Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.5%Equity

Asset	Fund	Category
Equity	93.5%	94.5%
Cash and others	6.5%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	25.3%	45.7%
Mid Cap	26.6%	19.6%
Small Cap	19.6%	24.1%
Foreign stocks	16.3%	2.7%
Not on AMFI's list	5.7%	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 Pioneer Fund Sector Allocation

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

Largest sectors

Overseas Mutual Fund16.3%
Retailing15.9%
Industrial Manufacturing7.8%
Healthcare Services6.8%
Automobiles4.5%
Auto Components4.5%
Transport Services3.9%
Banks3.5%
Consumer Durables3.5%
Industrial Products3.4%

The ten largest of 26 sectors. The other 16 add up to 23.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Overseas Mutual Fund	15.9%	15.8%	16.3%	+0.4%
Retailing	16.4%	16.5%	15.9%	−0.5%
Industrial Manufacturing	6.0%	6.2%	7.8%	+1.8%
Healthcare Services	7.8%	7.2%	6.8%	−1.0%
Automobiles	5.5%	5.0%	4.5%	−1.0%

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 Pioneer Fund Portfolio Holdings

As on 30-09-2026 · 54 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Ishares Nasdaq 100 UCITS ETF USD	Overseas Mutual Fund	16.33%	0.0%
ETERNAL LIMITED	Retailing	5.53%	0.0%
INDO-MIM LTD	Industrial Manufacturing	4.92%	0.0%
LENSKART SOLUTIONS LIMITED	Retailing	3.65%	0.0%
ASTER DM HEALTHCARE LTD	Healthcare Services	2.94%	0.0%
ADITYA INFOTECH LIMITED	Industrial Manufacturing	2.90%	0.0%
ICICI BANK LTD.	Banks	2.66%	0.0%
Inter Globe Aviation Ltd	Transport Services	2.41%	0.0%
CAPILLARY TECHNOLOGIES	IT - Software	2.15%	0.0%
BHARTI HEXACOM LTD.	Telecom - Services	2.05%	0.0%
Maruti Suzuki India Limited	Automobiles	2.01%	0.0%
VIJAYA DIAGNOSTIC CENTRE PVT	Healthcare Services	1.98%	0.0%
KRISHNA INSTITUTE OF MEDICAL	Healthcare Services	1.89%	0.0%
Minda Industries Ltd.	Auto Components	1.83%	0.0%
TITAN COMPANY LTD.	Consumer Durables	1.82%	0.0%
Info Edge India Ltd.	Retailing	1.79%	0.0%
RELIANCE INDUSTRIES LTD.	Petroleum Products	1.77%	0.0%
Dixon Technologies India Ltd	Consumer Durables	1.63%	0.0%
360 ONE WAM LIMITED	Capital Markets	1.60%	0.0%
Solar Industries India Limited	Chemicals and Petrochemicals	1.58%	0.0%
Mahindra & Mahindra Ltd.	Automobiles	1.58%	0.0%
PB Fintech Ltd.	Financial Technology (Fintech)	1.53%	0.0%
VISHAL MEGA MART LIMITED	Retailing	1.42%	0.0%
KFIN TECHNOLOGIES LTD.	Capital Markets	1.37%	0.0%
Avenue Supermarts Ltd	Retailing	1.32%	0.0%
ICICI Lombard General Insurance Company Ltd	Insurance	1.31%	0.0%
MANKIND PHARMA LTD	Pharmaceuticals and Biotechnology	1.27%	0.0%
GE VERNOVA T&D INDIA LIMITED	Electrical Equipment	1.23%	0.0%
GODREJ CONSUMER PRODUCTS LTD.	Personal Products	1.22%	0.0%
SBI Life Insurance Company Ltd	Insurance	1.19%	0.0%
HAPPY FORGINGS LTD	Industrial Products	1.17%	0.0%
AIA Engineering Limited	Industrial Products	1.04%	0.0%
ANTHEM BIOSCIENCES LTD	Pharmaceuticals and Biotechnology	0.99%	0.0%
MINDA CORPORATION LIMITED	Auto Components	0.97%	0.0%
SWIGGY LTD	Retailing	0.92%	0.0%
TVS Motor Company Ltd.	Automobiles	0.91%	0.0%
Schaeffler India Ltd	Auto Components	0.89%	0.0%
HDFC BANK LTD.	Banks	0.87%	0.0%
APTUS VALUE HOUSING FINANCE	Finance	0.80%	0.0%
SHIPROCKET LIMITED	Transport Services	0.79%	0.0%
Rolex Rings Limited	Auto Components	0.77%	0.0%
JUBILANT INGREVIA LTD.	Chemicals and Petrochemicals	0.75%	0.0%
MAHINDRA LIFESPACE DEVELOPERS LTD	Realty	0.69%	0.0%
SHADOWFAX TECHNOLOGIES LTD	Transport Services	0.69%	0.0%
Medplus Health Services Ltd.	Retailing	0.60%	0.0%
Carborundum Universal Ltd.	Industrial Products	0.59%	0.0%
Ratnamani Metals & Tubes Ltd.	Industrial Products	0.57%	0.0%
Birla 3M Ltd.	Diversified	0.52%	0.0%
PHYSICSWALLAH LIMITED	Other Consumer Services	0.50%	0.0%
Cyient Ltd.	IT - Services	0.48%	0.0%
TRENT LTD	Retailing	0.43%	0.0%
CMS INFO SYSTEMS LIMITED	Commercial Services and Supplies	0.38%	0.0%
BRAINBEES SOLUTIONS LIMITED	Retailing	0.25%	0.0%
Tracxn Technologies Ltd.	Commercial Services and Supplies	0.09%	0.0%

Kotak Pioneer Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

No stocks were bought or sold in September 2026.

What Kotak Pioneer Fund bought and sold

Kotak Pioneer Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Kotak Business Cycle FundThematic · Kotak Mahindra	47.5%	28	Compare
Kotak Small Cap FundSmall Cap · Kotak Mahindra	30.5%	29	Compare
Aditya Birla Sun Life Consumption FundThematic · Aditya Birla Sun Life	29.1%	19	Compare
PGIM India Large and Midcap FundLarge & Mid Cap · PGIM India	26.6%	21	Compare
Mirae Asset Nifty India New Age Consumption ETFETF · Mirae Asset	26.2%	18	Compare
ICICI Prudential Innovation FundThematic · ICICI Prudential	26.2%	20	Compare
Canara Robeco Consumption FundThematic · Canara Robeco	24.8%	13	Compare
Nippon India Flexi Cap FundFlexi Cap · Nippon India	24.3%	24	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 Pioneer Fund Overview

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

Expense ratio (Direct): 0.63%
Expense ratio (Regular): 1.90%
Category: Thematic
Risk: Very High
Launch date: 31-10-2019
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹4,294.62 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 147727
ISIN (Direct): INF174KA1EZ1
Scheme code (Regular): 147724
ISIN (Regular): INF174KA1EW8
NAV history: From 06-11-2019, 7.0 years

Benchmark: 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI
Exit load: 0.5% for redemption within 90 Days

Tax on Kotak Pioneer Fund returns

Kotak Pioneer 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	Reinvestment Income Distribution Cum Capital Withdrawal	₹37.629	29-10-2026
direct	Growth	₹37.634	29-10-2026
regular	Reinvestment Income Distribution Cum Capital Withdrawal	₹33.808	29-10-2026
regular	Growth	₹33.793	29-10-2026

About Kotak Pioneer Fund

Kotak Pioneer Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 31-10-2019. Its benchmark is 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI. At the end of September 2026 it held 54 securities.

Fund Manager

Harish Bihani
Fund manager of Kotak Pioneer Fund, since 20-10-2023

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹4,294.62 Cr; +0.33% from August 2026
August 2026: ₹4,280.58 Cr; +6.41% from July 2026
July 2026: ₹4,022.58 Cr; +3.86% from June 2026

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

Compare Kotak Pioneer Fund with Other Funds

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

Kotak Pioneer vs Nippon India Taiwan EquityThematic
Kotak Pioneer vs HDFC DefenceThematic
Kotak Pioneer vs HDFC Pharma and HealthcareThematic
Kotak Pioneer vs SBI Healthcare OpportunitiesThematic
Kotak Pioneer vs Aditya Birla Sun Life International EquityThematic
Kotak Pioneer vs Kotak Business Cycle47.5% overlap
Kotak Pioneer vs Kotak Small Cap30.5% overlap
Kotak Pioneer vs Aditya Birla Sun Life Consumption29.1% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Pioneer Fund

What is the current NAV of Kotak Pioneer Fund?

The Direct plan NAV is ₹37.634. The Regular plan NAV is ₹33.793, as on 29-10-2026.

What are the returns of Kotak Pioneer Fund?

The Direct plan returned +4.04% in 1 year, +19.97% a year over 3 years, +13.89% a year over 5 years. The Regular plan returned +2.66% in 1 year, +18.32% a year over 3 years, +12.25% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of Kotak Pioneer Fund?

The Direct plan charges 0.63% a year. The Regular plan charges 1.90% a year. This is the figure the fund house reported to AMFI, in force from 16-10-2026.

What is the AUM of Kotak Pioneer Fund?

Kotak Pioneer Fund managed ₹4,294.62 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Pioneer Fund?

At the end of September 2026 the largest holdings were Ishares Nasdaq 100 UCITS ETF USD (16.33%), ETERNAL (5.53%), INDOMIM (4.92%), LENSKART (3.65%), ASTERDM (2.94%). The fund held 54 securities in all.

How do I invest in Kotak Pioneer 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 Pioneer Fund?

Harish Bihani (since 20-10-2023).

What is the exit load of Kotak Pioneer Fund?

0.5% for redemption within 90 Days

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.