Kotak Banking and Financial Services Fund

Direct Plan · Growth · Sectoral / Thematic · Scheme code 151384

NAV₹15.7540as on 28 Oct 2026

Fund houseKotak Mahindra Mutual Fund

CategorySectoral / Thematic

Plan & optionDirect · Growth

History3.5 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.38	6.99	-0.06	12.06	14.49	—	—	—	16.79
Nifty 500 benchmark	0.87	4.31	2.15	5.20	12.49	11.41	—	—	15.49
Sectoral / Thematic category median	—	—	—	-5.63	13.04	10.23	—	13.74	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	16.1%	0.50	0.75	0.96	2.57%	-16.7%	81.71
Nifty 500 benchmark	15.2%	0.39	0.58	—	—	-37.3%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 36 months this scheme and its benchmark share.

Growth of ₹100 since launch

Drawdown from peak (%)

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
613	-1.2%	14.8%	32.6%	1%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up capture	Down capture	Correlation	Tracking error	Information ratio	Treynor
104%	91%	0.90	6.9%	0.33	8.56

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 36 months this scheme and Nifty 500 share.

Kotak Banking and Financial Services Fund

Direct Plan · Growth

Allocation

By asset

Equity	98.81%
Cash & Equivalents	1.19%

By market cap

Large Cap	131.45%
Mid Cap	27.86%
Small Cap	32.03%
Unclassified	4.57%

Concentration

Number of stocks	35
Top 5 stocks	45.66%
Top 10 stocks	61.73%
Top 20 stocks	82.76%
Lines in the filing	37

Largest holding	12.67%
Largest sector	Banks 60.03%
Effective stocks	17.5
Sectors held	5
Cash	1.19%

Effective stocks is what the concentration works out to: a fund holding 35 names but most of its money in a few behaves like a fund of 18. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks	60.03%
Finance	21.38%
Capital Markets	11.72%
Financial Technology (Fintech)	2.98%
Insurance	2.70%
	1.46%

Kotak Banking and Financial Services Fund

Direct Plan · Growth · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	ICICI BANK LTD.	Banks	1,388,467	184	12.67%
2	HDFC BANK LTD.	Banks	2,305,700	163	11.28%
3	STATE BANK OF INDIA.	Banks	1,255,030	120	8.31%
4	AXIS BANK LTD.	Banks	869,446	107	7.36%
5	BAJAJ FINANCE LTD.	Finance	912,478	88	6.04%
6	SHRIRAM FINANCE LIMITED	Finance	711,720	70	4.83%
7	KOTAK MAHINDRA BANK LTD.	Banks	1,281,895	53	3.69%
8	POONAWALLA FINCORP LIMITED	Finance	822,351	37	2.52%
9	CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD.	Finance	224,979	36	2.52%
10	INDUSIND BANK LTD.	Banks	403,000	36	2.51%
11	Ujjivan Small Finance Bank Ltd.	Banks	5,140,000	35	2.40%
12	KARUR VYSYA BANK LTD.	Banks	1,035,101	34	2.32%
13	BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW)	Capital Markets	1,789,900	33	2.27%
14	BANK OF MAHARASHTRA	Banks	3,960,505	31	2.17%
15	BSE LTD	Capital Markets	98,703	31	2.11%
16	INDIAN BANK	Banks	368,702	30	2.05%
17	JAMMU KASHMIR BANK LTD	Banks	2,082,175	29	1.99%
18	PIRAMAL FINANCE LTD	Finance	139,643	29	1.97%
19	L&T FINANCE LTD	Finance	1,032,880	27	1.89%
20	SBI Life Insurance Company Ltd	Insurance	158,500	27	1.86%
21	SBI FUNDS MANAGEMENT LIMITED	Capital Markets	522,626	27	1.86%
22	RBL BANK LTD.	Banks	633,000	26	1.76%
23	PINE LABS LTD.	Financial Technology (Fintech)	1,461,972	25	1.73%
24	Nippon Life Asset Management Ltd	Capital Markets	232,500	25	1.72%
25	NUVAMA WEALTH MANAGEMENT LIMITED	Capital Markets	150,640	25	1.72%
26	SOUTH INDIAN BANK LTD	Banks	4,547,724	22	1.51%
27	Triparty Repo		—	21	1.46%
28	Prudent Corporate Advisory Services Ltd.	Capital Markets	58,150	18	1.26%
29	One 97 Communications Ltd	Financial Technology (Fintech)	108,000	18	1.25%
30	Max Financial Services Ltd	Insurance	89,000	12	0.84%

Kotak Banking and Financial Services Fund

Direct Plan · Growth · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹59 cr	₹15 cr	1	1	+1.36%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
INE640G01020	522,626	entered	—	30.8
Added to
INE040A01034	200,000	+10.1%	-6.2%	15.0
INE498L01015	335,000	+87.5%	+0.2%	10.4
INE562A01011	115,000	+45.3%	+2.4%	9.6
INE090A01021	54,000	+4.1%	+4.4%	7.8
INE202B01038	35,000	+35.8%	-5.0%	7.2
INE121A01024	30,000	+15.4%	+3.4%	5.6
INE095A01012	30,000	+8.0%	+9.6%	3.0
Trimmed
INE298J01013	62,000	-21.1%	-0.1%	7.2
INE238A01034	38,000	-4.2%	-8.6%	4.7
INE457A01014	380,000	-10.3%	-13.2%	3.0
Sold out of
INE028A01039	1,070,000	exited	—	29.2

Not equity	Previous filing	This filing	Change
Cash, repo and TREPS	₹0 cr	₹0 cr	+₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 30 Oct 2026.