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Sectoral / Thematic · Equity

Kotak Banking & Financial Services Fund

Kotak Mahindra Asset Management Company Limited.
Benchmark
Nifty Financial Services TRI
Riskometer
Very High
Size
₹1,455 cr
Allotted
27 Feb 2023
Holdings as of
30 Sep 2026

Kotak Banking & Financial Services Fund is a sectoral / thematic fund of Kotak Mahindra Asset Management Company Limited. with ₹1,455 cr under management. It is ahead of its benchmark (Nifty Financial Services TRI) in 2 of 2 periods. Its direct plan charges 0.81% a year.

Has Kotak Banking & Financial Services Fund beaten its benchmark?

Ahead of its benchmark, Nifty Financial Services TRI, in 2 of 2 periods in AMFI's figures; +0.83% over the last year against −5.31%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−4.08% −3.60% —
3 months−7.20% −5.03% —
6 months−1.75% −1.83% —
1 year+0.17% −4.06% +4.23 pts
3 years+11.44% +9.27% +2.17 pts
5 years— +8.00% —
10 years— +12.69% —
Since start
from 6 Mar 2023
+14.15%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty Financial Services TRI) in 2 of 2 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +0.83%−0.60%−5.31% +6.14 🔒
3y +11.86%+10.19%+9.40% +2.46 🔒
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

Mar 2023 to 14 Oct 2026
100150200 2025
Fund 160Nifty 500 TRI 157

₹100 put in at the start of Mar 2023 would be ₹160 on 14 Oct 2026, against ₹157 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Kotak Banking & Financial Services Fund cost?

0.81% a year on the direct plan, 2.25% on the regular plan; 8 of 174 funds in its category charge less.

Direct plan
0.81% a year
Category median 1.22%
Regular plan
2.25% a year
Category median 2.38%
Gap
1.44 points
for the same holdings
8 of 174 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Sectoral/ Thematic

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Kotak Banking & Financial Services Fund?

Shibani Sircar Kurian, since None; Abhishek Bisen, since None.

Shibani Sircar Kurian
None years
since None
Abhishek Bisen
None years
since None
Benchmark as filedNifty Financial Services Total Return Index
Exit load
For redemption / switch out within 30 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 30 days from the date of allotment: NIL Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.
From 6 Scheme Summary Documents filed with NSE, first on 29 Apr 2026; as on 29 Sep 2026

What does Kotak Banking & Financial Services Fund hold?

37 holdings as of 30 Sep 2026; the ten largest are 61.7% of the fund, the largest ICICI BANK LTD. at 12.7%.

Mix

Holdings as of 30 Sep 2026
Equity98.8%Debt0.0%Cash1.2%Other0.0%
Holdings
37
35 shares
Top ten
61.7%
of the fund
Effective holdings
17.1
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
ICICI BANK LTD.12.7%
HDFC BANK LTD.11.3%
STATE BANK OF INDIA.8.31%
AXIS BANK LTD.7.36%
BAJAJ FINANCE LTD.6.04%

Five largest industries

% of fund
Banks60.8%
Finance21.6%
Capital Markets11.9%
Financial Technology (Fintech)3.00%
Insurance2.70%

By company size

% of equity · SEBI size lists
Large Cap66.8%Mid Cap16.9%Small Cap16.3%

How does Kotak Banking & Financial Services Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Kotak Banking & Financial Services Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty 50: 65% of it differs from the index (an active fund is usually above 60%).
Active share 64.8%60%

Funds that hold much the same

% of holdings in common
CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND71.4% the same
21 shared holdings
Mahindra Manulife Banking & Financial Services Fund68.4% the same
20 shared holdings
Baroda BNP Paribas Banking & Financial Services Fund66.6% the same
23 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Kotak Banking & Financial Services Fund?

Shibani Sircar Kurian (manager) since None; Abhishek Bisen (manager) since None.

What is the expense ratio of Kotak Banking & Financial Services Fund?

0.81% a year on the direct plan and 2.25% on the regular plan (expense report, Oct 2026).

How has Kotak Banking & Financial Services Fund done?

Its direct plan returned +11.86% a year over 3 years against +9.40% for its benchmark, Nifty Financial Services TRI, as of 13 Oct 2026.

Inside the app

See Kotak Banking & Financial Services Fund beside your own funds in Valarth

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Kotak Banking & Financial Services Fund in the app: beside your own funds, with what you own through them

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