Kotak US Specific Equity Passive FOF

Fund of FundsDirect and Regular plans, Growth option

Data as on 29-10-2026

Kotak US Specific Equity Passive FOF is a mutual fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹4,689 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 33.1% a year and its Regular plan returned 32.6% a year.

NAV (Direct plan): ₹28.45; ▼ 0.87%29-10-2026
NAV (Regular plan): ₹27.83; ▼ 0.87%29-10-2026
Expense ratio: 0.34%Direct0.72%Regular; 0.34%; A year
Riskometer: Very High; Set by the fund house
3 year return: 33.1%Direct32.6%Regular; 33.1%; A year

Kotak US Specific Equity Passive FOF NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹28.45 (down 0.87% that day); Regular Plan Growth ₹27.83 (down 0.87% that day).

This fund (Direct plan)

₹28.4543

Kotak US Specific Equity Passive FOF Returns

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)	−3.76%	+6.74%	+8.84%	+21.59%	+33.09%	+19.05%	--
This fund (Regular)	−3.79%	+6.64%	+8.63%	+21.13%	+32.59%	+18.60%	--
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is NASDAQ 100 TRI. Returns of that index are not available to us.

Kotak US Specific Equity Passive FOF Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+22.55%	+22.17%
2025	+26.11%	+25.65%
2024	+28.69%	+28.21%
2023	+58.36%	+57.75%
2022	−26.54%	−26.84%

Kotak US Specific Equity Passive FOF 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 623 periods, one for each trading day from 09-02-2024 to 29-10-2026.

0%10%20%30%40%

Apr 2021
to
Apr 2024Oct 2021
to
Oct 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026

Kotak US Specific Equity Passive FOF (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	1,075	27.6%	−27.0%	63.5%	21%
2 years	841	26.7%	0.6%	43.7%	0%
3 years	623	26.5%	10.2%	37.4%	0%
5 years	175	20.2%	17.2%	24.2%	0%

Period	Periods	Median	Lowest	Highest	With a loss
1 year	57	29.6%	−31.2%	65.6%	18%
2 years	45	29.0%	−3.9%	45.9%	4%
3 years	33	28.1%	18.6%	39.4%	0%

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. Past returns do not promise future returns.

Kotak US Specific Equity Passive FOF Risk

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

Risk and return

Measure	Kotak US Specific Equity Passive FOF (Direct)This fund
Return (CAGR)	+21.59%
Standard deviation	19.20%
Sharpe ratio	0.85
Sortino ratio	1.27
Maximum drawdown	−10.4% (29-07-2026)

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 US Specific Equity Passive FOF (Direct)This fund
Return (CAGR)	+33.09%
Standard deviation	18.64%
Sharpe ratio	1.45
Sortino ratio	2.12
Maximum drawdown	−23.4% (07-04-2025)

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 US Specific Equity Passive FOF (Direct)This fund
Return (CAGR)	+19.05%
Standard deviation	20.84%
Sharpe ratio	0.64
Sortino ratio	0.91
Maximum drawdown	−29.1% (16-06-2022)

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 US Specific Equity Passive FOF (Direct)This fund
Return (CAGR)	+20.05%
Standard deviation	20.36%
Sharpe ratio	0.72
Sortino ratio	1.03
Maximum drawdown	−29.1% (16-06-2022)

From daily NAVs, 09-02-2021 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.

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.

−30%−25%−20%−15%−10%−5%0%

20222023202420252026

Kotak US Specific Equity Passive FOF (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak US Specific Equity Passive FOF (Direct)	−29.1%	22-11-2021	16-06-2022	14-06-2023	12 months	−7.3%

From the Direct plan's daily NAV since 09-02-2021, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak US Specific Equity Passive FOF 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
Direct	0.29%	0.00%	0.00%	0.05%	0.34%
Regular	0.60%	0.00%	0.00%	0.12%	0.72%

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.

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	21.13%	21.59%	0.46%	₹1,21,130	₹1,21,590
3 years	32.59%	33.09%	0.50% a year	₹2,33,095	₹2,35,742
5 years	18.60%	19.05%	0.45% a year	₹2,34,652	₹2,39,137

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 US Specific Equity Passive FOF 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 09-02-2021 to 29-10-2026: 69 instalments, ₹6,90,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak US Specific Equity Passive FOF (Direct)	₹6,90,000	₹14,20,317	₹7,30,317	25.2%
Regular planKotak US Specific Equity Passive FOF (Regular)	₹6,90,000	₹14,02,195	₹7,12,195	24.7%

₹0₹5.0 L₹10.0 L₹15.0 L

20222023202420252026

Direct planKotak US Specific Equity Passive FOF (Direct)Regular planKotak US Specific Equity Passive FOF (Regular)Amount invested

From each plan's published NAV (Growth option), 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 US Specific Equity Passive FOF Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.0%Equity

Asset	Fund
Equity	100.0%

Market cap of stocks

Market cap	Fund
Large Cap	0.0%
Mid Cap	0.0%
Small Cap	0.0%
Foreign stocks	100.0%

Share of the whole fund. 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 US Specific Equity Passive FOF Sector Allocation

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

Largest sectors

Overseas Mutual Fund100.0%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Overseas Mutual Fund	99.9%	99.9%	100.0%	+0.1%

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 US Specific Equity Passive FOF Portfolio Holdings

As on 30-09-2026 · 1 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	Holdings trend	1M change
Ishares Nasdaq 100 UCITS ETF USD	Overseas Mutual Fund	99.96%		−0.2%

Kotak US Specific Equity Passive FOF Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Ishares Nasdaq 100 UCITS ETF USD	Reduced	−0.2%	99.96%

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 US Specific Equity Passive FOF bought and sold

Kotak US Specific Equity Passive FOF Overview

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

Expense ratio (Direct): 0.34%
Expense ratio (Regular): 0.72%
Category: Fund of Funds
Risk: Very High
Benchmark: NASDAQ 100 TRI
Launch date: 02-02-2021
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹4,689.32 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 148662
ISIN (Direct): INF174KA1FQ7
Scheme code (Regular): 148661
ISIN (Regular): INF174KA1FR5
NAV history: From 09-02-2021, 5.7 years

Exit load: Nil

Tax on Kotak US Specific Equity Passive FOF returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
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	₹28.4543	29-10-2026
regular	Growth	₹27.831	29-10-2026

About Kotak US Specific Equity Passive FOF

Kotak US Specific Equity Passive FOF is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Fund of Funds. It was launched on 02-02-2021. Its benchmark is NASDAQ 100 TRI. At the end of September 2026 it held 1 securities.

Fund Manager

Abhishek Bisen
Fund manager of Kotak US Specific Equity Passive FOF, since 02-02-2021
Arjun Khanna
Fund manager of Kotak US Specific Equity Passive FOF, since 02-02-2021

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹4,689.32 Cr; +3.24% from August 2026
August 2026: ₹4,542.30 Cr; +5.89% from July 2026
July 2026: ₹4,289.52 Cr; −6.50% from June 2026

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

Frequently Asked Questions for Kotak US Specific Equity Passive FOF

What is the current NAV of Kotak US Specific Equity Passive FOF?

The Direct plan NAV is ₹28.4543. The Regular plan NAV is ₹27.831, as on 29-10-2026.

What are the returns of Kotak US Specific Equity Passive FOF?

The Direct plan returned +21.59% in 1 year, +33.09% a year over 3 years, +19.05% a year over 5 years. The Regular plan returned +21.13% in 1 year, +32.59% a year over 3 years, +18.60% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of Kotak US Specific Equity Passive FOF?

The Direct plan charges 0.34% a year. The Regular plan charges 0.72% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak US Specific Equity Passive FOF?

Kotak US Specific Equity Passive FOF managed ₹4,689.32 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak US Specific Equity Passive FOF?

At the end of September 2026 the largest holdings were Ishares Nasdaq 100 UCITS ETF USD (99.96%). The fund held 1 securities in all.

What did Kotak US Specific Equity Passive FOF buy and sell in September 2026?

It reduced 1.

How do I invest in Kotak US Specific Equity Passive FOF?

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 US Specific Equity Passive FOF?

Abhishek Bisen (since 02-02-2021), Arjun Khanna (since 02-02-2021).

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.