Kotak Technology Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

Kotak Technology Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹479 Cr of investors' money. In the year to 29-10-2026, its Direct plan returned −7.3% and its Regular plan returned −8.7%. Its benchmark, BSE TECK TRI, returned −9.4% over the same year.

NAV (Direct plan): ₹11.08; ▲ 0.85%29-10-2026
NAV (Regular plan): ₹10.66; ▲ 0.84%29-10-2026
Expense ratio: 1.13%Direct2.56%Regular; 1.13%; A year
Riskometer: Very High; Set by the fund house
1 year return: −7.3%Direct−8.7%Regular; −7.3%; Total

Kotak Technology Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹11.08 (up 0.85% that day); Regular Plan Growth ₹10.66 (up 0.84% that day).

This fund (Direct plan)

₹11.084

Kotak Technology Fund Returns vs BSE TECK TRI

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)	+8.04%	+2.07%	+10.38%	−7.34%	--	--	--
This fund (Regular)	+7.91%	+1.70%	+9.58%	−8.68%	--	--	--
BSE TECK TRI	+13.23%	+2.07%	+7.89%	−9.37%	+6.40%	+3.13%	+13.22%
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	3/235	16/232	33/232	148/215	--	--	--

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

Kotak Technology Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	BSE TECK TRI
2026to date	−8.84%	−9.94%	−12.44%
2025	−4.38%	−5.76%	−3.10%

Kotak Technology 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 406 periods, one for each trading day from 07-03-2025 to 29-10-2026.

−30%−20%−10%0%10%20%30%

Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026

Kotak Technology Fund (Direct)BSE TECK TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	406	−5.6%	−22.1%	21.6%	76%	−7.3%	87%
2 years	160	−3.8%	−10.7%	4.7%	68%	−5.8%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	20	−5.6%	−25.5%	9.7%	65%	−8.0%	65%

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

Kotak Technology Fund Risk

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

Risk and return

Measure	Kotak Technology Fund (Direct)This fund	BSE TECK TRI
Return (CAGR)	−7.34%	−7.44%
Standard deviation	16.94%	18.81%
Sharpe ratio	-0.74	-0.67
Sortino ratio	-1.00	-0.93
Maximum drawdown	−24.1% (30-06-2026)	−26.9% (01-07-2026)
Beta	0.86	1.00
Alpha	−0.08%	0.00%

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

Measure	Kotak Technology Fund (Direct)This fund	BSE TECK TRI
Return (CAGR)	+3.89%	+0.16%
Standard deviation	16.76%	18.02%
Sharpe ratio	-0.12	-0.32
Sortino ratio	-0.17	-0.45
Maximum drawdown	−28.6% (30-06-2026)	−31.1% (01-07-2026)
Beta	0.89	1.00
Alpha	+3.45%	0.00%

From daily NAVs, 07-03-2024 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. 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%

20252026

Kotak Technology Fund (Direct)BSE TECK TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Technology Fund (Direct)	−28.6%	16-12-2024	30-06-2026	Not yet	--	−16.9%
BSE TECK TRI	−31.1%	13-12-2024	01-07-2026	Not yet	--	−19.2%

From the Direct plan's daily NAV since 07-03-2024, adjusted for unit splits, and BSE TECK TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak Technology 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 Technology Fund	148/215	479	1.13%	−7.34%	--	--	--	--	--

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 Technology 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	0.88%	0.02%	0.00%	0.22%	1.13%	1.18%	104/235
Regular	2.09%	0.02%	0.00%	0.45%	2.56%	2.41%	151/235

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	−8.68%	−7.34%	1.34%	₹91,320	₹92,660

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 Technology 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 07-03-2024 to 29-10-2026: 32 instalments, ₹3,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Technology Fund (Direct)	₹3,20,000	₹3,19,254	−₹746	−0.2%
Regular planKotak Technology Fund (Regular)	₹3,20,000	₹3,13,023	−₹6,977	−1.6%
BSE TECK TRI	₹3,20,000	₹3,11,585	−₹8,415	−1.9%
Category averageCategory average, 235 Thematic funds	₹3,20,000	₹3,34,925	₹14,925	3.4%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planKotak Technology Fund (Direct)Regular planKotak Technology Fund (Regular)BSE TECK 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 Technology Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

98.3%Equity

Asset	Fund	Category
Equity	98.3%	94.5%
Cash and others	1.7%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	52.6%	45.7%
Mid Cap	30.8%	19.6%
Small Cap	7.6%	24.1%
Foreign stocks	3.2%	2.7%
Not on AMFI's list	4.2%	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 Technology Fund Sector Allocation

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

Largest sectors

IT - Software47.4%
Telecom - Services18.2%
Retailing16.2%
Transport Services3.5%
Commercial Services and Supplies3.3%
Consumer Durables3.2%
Capital Markets2.2%
Leisure Services1.9%
IT - Services1.9%
Financial Technology (Fintech)0.5%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
IT - Software	48.5%	50.3%	47.4%	−1.1%
Telecom - Services	23.6%	18.5%	18.2%	−5.4%
Retailing	14.7%	15.4%	16.2%	+1.5%
Transport Services	1.1%	3.9%	3.5%	+2.4%
Commercial Services and Supplies	1.4%	1.3%	3.3%	+1.9%

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 Technology Fund Portfolio Holdings

As on 30-09-2026 · 26 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Infosys Ltd.	IT - Software	16.10%	0.0%
BHARTI AIRTEL LTD.	Telecom - Services	11.29%	−12.3%
Tech Mahindra Ltd.	IT - Software	7.94%	+0.6%
ETERNAL LIMITED	Retailing	7.30%	−3.5%
Persistent Systems Limited	IT - Software	4.61%	0.0%
Coforge Limited	IT - Software	4.56%	0.0%
LENSKART SOLUTIONS LIMITED	Retailing	4.23%	0.0%
Mphasis Ltd	IT - Software	4.09%	0.0%
BHARTI HEXACOM LTD.	Telecom - Services	3.73%	0.0%
Dixon Technologies India Ltd	Consumer Durables	3.20%	0.0%
COGNIZANT TECHNOLOGY SOLUTIONS	IT - Software	3.17%	0.0%
Indus Towers Ltd.	Telecom - Services	3.16%	0.0%
HCL Technologies Ltd.	IT - Software	3.06%	0.0%
SWIGGY LTD	Retailing	3.05%	0.0%
SHIPROCKET LIMITED	Transport Services	2.34%	−9.7%
BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW)	Capital Markets	2.22%	0.0%
TBO TEK LIMITED	Leisure Services	1.94%	0.0%
RENTOMOJO LIMITED	Commercial Services and Supplies	1.87%	New
SAGILITY INDIA LTD.	IT - Services	1.85%	0.0%
FSN E-Commerce Ventures Ltd.	Retailing	1.66%	0.0%
Larsen & Toubro Infotech Ltd	IT - Software	1.58%	0.0%
FIRSTSOURCE SOLUTIONS LTD.	Commercial Services and Supplies	1.41%	0.0%
CAPILLARY TECHNOLOGIES	IT - Software	1.21%	0.0%
DELHIVERY LTD	Transport Services	1.16%	0.0%
Oracle Financial Services Software Ltd	IT - Software	1.09%	0.0%
One 97 Communications Ltd	Financial Technology (Fintech)	0.53%	New

Kotak Technology Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

BHARTI AIRTEL LTD.	Reduced	−12.3%	11.29%
Tech Mahindra Ltd.	Added	+0.6%	7.94%
ETERNAL LIMITED	Reduced	−3.5%	7.30%
TATA CONSULTANCY SERVICES LTD.	Sold out	−100%	was 3.15%
SHIPROCKET LIMITED	Reduced	−9.7%	2.34%
RENTOMOJO LIMITED	New	New	1.87%
One 97 Communications Ltd	New	New	0.53%

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 Technology Fund bought and sold

Kotak Technology Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Tata Digital India FundThematic · Tata	56.0%	16	Compare
ICICI Prudential Technology FundThematic · ICICI Prudential	53.2%	16	Compare
Aditya Birla Sun Life Digital India FundThematic · Aditya Birla Sun Life	53.1%	15	Compare
WhiteOak Capital Digital Bharat FundSectoral · WhiteOak Capital	52.6%	16	Compare
HDFC Technology FundThematic · HDFC	51.8%	13	Compare
HDFC Nifty India Digital Index FundIndex · HDFC	49.7%	16	Compare
SBI Technology Opportunities FundThematic · SBI	48.8%	13	Compare
Invesco India Technology FundSectoral · Invesco	48.5%	11	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 Technology Fund Overview

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

Expense ratio (Direct): 1.13%
Expense ratio (Regular): 2.56%
Category: Thematic
Risk: Very High
Benchmark: BSE Teck TRI
Launch date: 04-03-2024
Minimum investment: Rs. 100/- and any amount thereafter
Minimum additional investment: Rs. 100/- and any amount thereafter
AUM: ₹478.86 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152462
ISIN (Direct): INF174KA1QZ5
Scheme code (Regular): 152460
ISIN (Regular): INF174KA1QW2
NAV history: From 07-03-2024, 2.6 years

Exit load: 0.5% for redemption within 30 Days

Tax on Kotak Technology Fund returns

Kotak Technology 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	₹11.084	29-10-2026
direct	IDCW	₹11.083	29-10-2026
regular	Growth	₹10.664	29-10-2026
regular	IDCW	₹10.665	29-10-2026

About Kotak Technology Fund

Kotak Technology Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 04-03-2024. Its benchmark is BSE Teck TRI. At the end of September 2026 it held 26 securities.

Fund Manager

Shibani Kurian
Fund manager of Kotak Technology Fund
Abhishek Bisen
Fund manager of Kotak Technology Fund

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹478.86 Cr; −10.06% from August 2026
August 2026: ₹532.44 Cr; −6.71% from July 2026
July 2026: ₹570.71 Cr; +12.93% from June 2026

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

Compare Kotak Technology Fund with Other Funds

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

Kotak Technology vs Nippon India Taiwan EquityThematic
Kotak Technology vs HDFC DefenceThematic
Kotak Technology vs HDFC Pharma and HealthcareThematic
Kotak Technology vs SBI Healthcare OpportunitiesThematic
Kotak Technology vs Aditya Birla Sun Life International EquityThematic
Kotak Technology vs Tata Digital India56.0% overlap
Kotak Technology vs ICICI Prudential Technology53.2% overlap
Kotak Technology vs Aditya Birla Sun Life Digital India53.1% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Technology Fund

What is the current NAV of Kotak Technology Fund?

The Direct plan NAV is ₹11.084. The Regular plan NAV is ₹10.664, as on 29-10-2026.

What are the returns of Kotak Technology Fund?

The Direct plan returned −7.34% in 1 year. The Regular plan returned −8.68% in 1 year. These figures are as on 29-10-2026.

What is the expense ratio of Kotak Technology Fund?

The Direct plan charges 1.13% a year. The Regular plan charges 2.56% a year. This is the figure the fund house reported to AMFI, in force from 16-10-2026.

What is the AUM of Kotak Technology Fund?

Kotak Technology Fund managed ₹478.86 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Technology Fund?

At the end of September 2026 the largest holdings were INFY (16.10%), BHARTIARTL (11.29%), TECHM (7.94%), ETERNAL (7.30%), PERSISTENT (4.61%). The fund held 26 securities in all.

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

It bought 2 new stocks: RENTOMOJO LIMITED, One 97 Communications Ltd. It sold out of 1: TATA CONSULTANCY SERVICES LTD. It added shares in 1. It reduced 3.

How do I invest in Kotak Technology 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 Rs. 100/- and any amount thereafter. You can invest once or through a monthly SIP.

Who is the fund manager of Kotak Technology Fund?

Shibani Kurian, 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.