Kotak Mutual Fund – Key Schemes and Performance
Kotak Mahindra Mutual Fund is part of Kotak Mahindra Asset Management Company and offers a range of schemes across equity, debt and hybrid categories. Each scheme operates with a defined investment framework and risk profile, giving users access to different segments of the financial markets. This blog provides an overview of key schemes, structure, taxation and other details based on publicly available information.
List of Top Kotak Mutual Funds for 2025
Here are the top Kotak MFs in India for 2025, sorted as per their AUM.
| Name | AUM | NAV | Absolute Returns - 3M | Absolute Returns - 1Y | CAGR 3Y | CAGR 5Y | Expense Ratio | Exit Load | Volatility |
|---|---|---|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund | 71517.5 | 41.1 | 1.5 | 7.1 | 7.9 | 6.6 | 0.4 | 0.3 | 0.8 |
| Kotak Midcap Fund | 58299.6 | 159.5 | 1.4 | 5.1 | 22.8 | 25.3 | 0.4 | 1.0 | 16.2 |
| Kotak Flexicap Fund | 56039.9 | 99.2 | 5.3 | 9.6 | 17.7 | 18.4 | 0.6 | 1.0 | 13.0 |
| Kotak Liquid Fund | 34080.4 | 5455.4 | 1.5 | 6.7 | 7.1 | 5.8 | 0.2 | 0.0 | 0.1 |
| Kotak Money Market Fund | 32820.9 | 4658.7 | 1.6 | 7.6 | 7.7 | 6.2 | 0.2 | 0.0 | 0.4 |
| Kotak Large & Midcap Fund | 29515.9 | 408.8 | 5.8 | 6.6 | 20.3 | 21.5 | 0.5 | 1.0 | 13.9 |
| Kotak Multicap Fund | 21541.5 | 21.4 | 7.3 | 7.3 | 25.0 | 0.0 | 0.4 | 1.0 | 15.1 |
| Kotak Bond Short Term Fund | 18310.4 | 59.0 | 2.0 | 8.6 | 8.1 | 6.4 | 0.4 | 0.0 | 0.9 |
| Kotak Small Cap Fund | 18024.0 | 297.5 | -1.9 | -6.9 | 16.9 | 23.9 | 0.5 | 1.0 | 15.7 |
| Kotak Balanced Advantage Fund | 17874.2 | 23.0 | 4.0 | 7.1 | 13.3 | 12.6 | 0.6 | 1.0 | 7.7 |
| Kotak Corporate Bond Fund | 17545.6 | 4059.1 | 2.2 | 8.8 | 8.1 | 6.5 | 0.4 | 0.0 | 1.1 |
| Kotak Savings Fund | 15148.7 | 46.1 | 1.6 | 7.4 | 7.5 | 6.1 | 0.4 | 0.0 | 0.4 |
| Kotak Low Duration Fund | 14356.7 | 3753.7 | 1.8 | 8.1 | 7.9 | 6.5 | 0.4 | 0.0 | 0.5 |
| Kotak Large Cap Fund | 10899.8 | 690.3 | 5.7 | 8.4 | 16.7 | 18.3 | 0.6 | 1.0 | 12.1 |
Disclaimer: Please note that the above list of Kotak Mahindra mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the best Kotak Mahindra funds is from 27th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: Kotak Mahindra Asset Management Limited
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Overview of Top Kotak Mutual Funds
Kotak Arbitrage Fund
Kotak Arbitrage Fund aims to generate returns through arbitrage opportunities between cash and derivatives markets. It maintains equity exposure while behaving like a low-risk solution through hedging. It may suit a short-term allocation, given its relatively lower volatility and equity tax benefits, depending on prevailing market spreads.
Kotak Midcap Fund
Kotak Midcap Fund invests primarily in mid-cap companies with growth potential. The fund focuses on businesses with competitive advantages, scalability and improving fundamentals. Mid-caps may experience higher volatility than large caps, but the fund targets long-term capital appreciation through disciplined stock selection and sector diversification.
Kotak Flexicap Fund
Kotak Flexicap Fund invests across large, mid and small-cap companies without market-cap restrictions. The flexible approach enables the portfolio to adjust to market conditions and opportunities. The fund seeks long-term growth through diversified equity exposure and a research-based stock selection process.
Kotak Liquid Fund
Kotak Liquid Fund invests in short-term money market instruments to provide capital preservation and liquidity. It may suit investors looking to park surplus funds for short durations with lower market risk. The fund focuses on high-quality securities and follows conservative risk management practices.
Kotak Money Market Fund
Kotak Money Market Fund invests in high-quality money market securities with shorter maturity profiles. It aims to deliver stable and predictable returns for short-term needs. The fund prioritises liquidity and credit safety, making it suitable for cash management or emergency fund allocation.
Kotak Large & Midcap Fund
Kotak Large & Midcap Fund invests in a blend of established large-cap companies and growing mid-cap businesses. The strategy balances stability with growth potential, aiming for long-term capital appreciation. It follows a structured research process to identify companies with strong fundamentals and business visibility.
Kotak Multicap Fund
Kotak Multicap Fund invests across large, mid, and small-cap stocks, with defined allocations across each segment. The approach ensures exposure to stable, emerging and high-growth companies. The fund aims to generate long-term capital appreciation through diversification and consistent investment discipline.
Kotak Bond Short Term Fund
Kotak Bond Short Term Fund focuses on short-duration fixed-income securities, aiming to provide steady income with lower interest-rate sensitivity. It invests in high-quality debt instruments and follows a conservative investment approach suited for short- to medium-term horizons.
Kotak Small Cap Fund
Kotak Small Cap Fund invests in small-cap companies with long-term growth potential. The fund seeks businesses with strong financials, scalability and competitive positioning. Small-cap exposure may involve higher volatility, but the strategy targets compounding opportunities over extended periods.
Kotak Balanced Advantage Fund
Kotak Balanced Advantage Fund dynamically adjusts allocation between equity and debt based on market conditions. The approach aims to manage volatility while participating in market growth. It may suit investors seeking a hybrid structure with automatic rebalancing and risk-aligned allocation.
Key Information About Kotak Mahindra Asset Management
| Key Information | Details |
| AMC Name | Kotak Mahindra Asset Management Company Limited (KMAMC) |
| Mutual Fund Brand | Kotak Mahindra Mutual Fund (Kotak Mutual Fund) |
| AMC Incorporation Date | 2 August 1994 |
| AMC Setup / Operation Start Date | 23 June 1998 (started mutual fund operations in December 1998) |
| Sponsor / Parent Company | Kotak Mahindra Bank Limited (KMBL) |
| Trustee Organisation | Kotak Mahindra Trustee Company Limited |
| Key Executives | Chairman: Uday Kotak; MD & CEO: Nilesh Shah; CIO(s): Harsha Upadhyaya (Equity), Deepak Agrawal (Debt) |
| Headquarters | Mumbai, India |
| Asset Under Management (AUM) | ₹ 5.66 lakh cr approx (as of Sep 2025) |
| Number of Investor Folios / Accounts | Over 8 mn investor accounts (and a large investor base) |
| Scheme Coverage | Equity, Debt, Hybrid, Tax-saving (ELSS), Gilt / Government Securities, Money Market, Liquid, Hybrid & more — wide spectrum for varied investor risk-return profiles |
How to invest in Kotak Mutual Funds?
You can easily start to invest in Kotak Mahindra mutual funds by following these steps:
- To invest in the best Kotak Mahindra mutual funds, you can visit a mutual fund investment platform such as smallcase.
- The next step is to research and identify the Kotak Mahindra mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.
Top Fund Managers of Kotak Mahindra
Harsha Upadhyaya
Harsha Upadhyaya leads equity investments at Kotak Mahindra Mutual Fund. His experience spans portfolio management, equity research and market strategy across multiple sectors. He has worked with leading financial institutions and oversees large equity mandates. His academic background includes engineering and finance, blending quantitative skills with capital market understanding.
Harish Bihani
Harish Bihani manages equity schemes at Kotak Mahindra Mutual Fund with a focus on fundamental analysis and sector research. His experience includes equity research roles in institutional investment firms. He evaluates business models, financial metrics and sector dynamics while managing portfolios aligned with defined mandates and market frameworks.
Abhishek Bisen
Abhishek Bisen manages fixed income strategies at Kotak Mahindra Mutual Fund. His background includes experience in interest rate products, macro analysis and debt markets research. He oversees debt schemes across different maturity profiles, considering economic indicators and market structure, while operating within regulatory and mandate-specific frameworks.
Deepak Agrawal
Deepak Agrawal handles debt portfolios at Kotak Mahindra Mutual Fund. His work spans credit evaluation, duration management and fixed income research. He has extensive exposure to corporate bonds, money market instruments and sovereign securities. His approach reflects a mix of macroeconomic awareness, regulatory understanding and fixed income market experience.
Devender Singhal
Devender Singhal manages equity strategies at Kotak Mahindra Mutual Fund with experience in tracking consumer-focused and diversified sectors. He has worked in research roles and portfolio management positions across financial institutions. His responsibilities include evaluating businesses, competitive positioning and long-term structural themes relevant to equity portfolios.
Shibani Sircar Kurian
Shibani Sircar Kurian is part of the investment team managing equity strategies at Kotak Mahindra Mutual Fund. Her experience spans equity research, sector analysis and portfolio construction. She covers multiple industries and monitors business fundamentals, earnings trends and macro developments aligned with scheme mandates.
Arjun Khanna
Arjun Khanna manages portfolios with a focus on the defence and manufacturing ecosystem, along with diversified themes. His background includes equity research, corporate analysis and capital markets exposure. He evaluates sector-specific developments, company fundamentals and broader market conditions while managing equity schemes under defined guidelines.
Satish Dondapati
Satish Dondapati manages quantitative and rule-based strategies at Kotak Mahindra Mutual Fund. His work covers index investing, data models, and algorithmic portfolio construction. His experience spans capital markets, technology-driven investing and risk frameworks. He manages portfolios designed to track indices, factor-based models and systematic approaches.
Taxation on Kotak Mahindra Mutual Funds
| Fund Category | Holding Period for Tax Classification | Short-Term Capital Gains (STCG) Tax | Long-Term Capital Gains (LTCG) Tax |
| Equity Funds (Flexicap, Midcap, Multicap, Large & Midcap, Small Cap, ELSS, Arbitrage, etc.) | Less than 12 months → Short-Term More than 12 months → Long-Term | 15% on gains | 10% on gains above ₹1 lakh in a financial year |
| Hybrid Funds with ≥65% Equity Exposure (Kotak mid cap advantage fund, Multi Asset Fund if equity-qualified) | Less than 12 months → Short-Term More than 12 months → Long-Term | 15% on gains | 10% on gains above ₹1 lakh in a financial year |
| Debt Funds (Liquid, Money Market, Short-Term Bond, Gilt, Income Funds, etc.) | No separate holding period classification | Taxed as per investor’s applicable income tax slab rate | No preferential LTCG treatment (no indexation benefit post-April 2023) |
| Gold or Other Non-Equity Assets in Hybrid Fund (if equity exposure is below classification threshold) | No separate holding period classification | Taxed as per investor’s income tax slab rate | No separate LTCG category benefit |
Documents Required To Invest in Kotak Mahindra Mutual Funds
Investors need a few basic documents to complete KYC and start investing in Kotak Mahindra Mutual Funds:
Here are a few documents you may require to invest in Kotak Mutual Funds
- PAN Card
- Proof of Identity (PoI)li>
- Proof of Address (PoA)
- Bank Account Proof
- FATCA Declaration
Note: For latest details visit Kotak’s official AMC website.
Risks of Investing in Kotak Mahindra Mutual Funds
- High Allocation to Cyclical Sectors in Some Equity Schemes: Certain Kotak equity portfolios have historically maintained exposure to sectors such as banking, capital goods, and manufacturing. During periods of economic slowdown or policy delays, these allocations may experience sharper drawdowns.
- Style Bias Impact (Growth Tilt in Multiple Funds): Some Kotak schemes lean towards growth-oriented stocks. When value stocks outperform or markets rotate away from growth themes, performance may temporarily lag category peers.
- Active Duration Calls in Debt Funds: Kotak’s fixed-income strategies sometimes take tactical interest rate positions. If rate expectations shift unexpectedly, short-term volatility may appear in gilt, dynamic or medium-duration portfolios.
- Volatility in Small- and Mid-Cap Mandates During Market Euphoria: Certain Kotak thematic and small-cap strategies may witness rapid inflows during optimistic phases. This could lead to valuation stretch and higher short-term swings when markets normalise.
Factors to Consider While Investing in Kotak Mahindra Mutual Funds
- Portfolio Construction Philosophy Varies by Category: Kotak follows differentiated frameworks across its flexicap, multicap, and midcap schemes. Understanding the rationale behind weightages, concentration, and sector cadence helps align expectations.
- Role of Quantitative Screens and Research Depth: Many schemes incorporate structured research filters alongside bottom-up analysis. Investors may review fact sheets and strategy notes to assess how decisions are calibrated across market cycles.
- Liquidity Characteristics of Smaller-Cap Exposure: In funds with meaningful small-cap allocation, redemption behaviour and liquidity conditions can influence execution costs and short-term pricing impact.
- Tax Treatment of Hybrid and Arbitrage Offerings: Some strategies, such as arbitrage, hybrid equity, and Kotak mid cap advantage fund, may still qualify for equity taxation, which may influence return outcomes based on the investor’s planning horizon.
- Fund Manager Strategy Continuity: Kotak has long-serving fund managers across equity and debt desks. Reviewing tenure-linked performance and consistency of approach helps assess how stable the decision framework has been over time.
To Wrap Up…
Kotak Mahindra Mutual Fund manages a diverse lineup of schemes that span equity, fixed income and multi-asset categories, each governed by its stated mandate and regulatory guidelines. Factors such as cost, portfolio composition, fund management approach and category behaviour may influence how a scheme navigates different market phases. Users exploring Kotak Mahindra Mutual Fund schemes can review available data, compare categories and understand structure before forming their own view. smallcase offer a convenient way to access and explore these schemes digitally.
Frequently Asked Questions About Kotak Mahindra Mutual Funds
The 5-year historical performance varies across schemes. Examples include Kotak Aggressive Hybrid Fund at around 18.35%, Kotak Flexicap Fund at approximately 18.33%, and Kotak Midcap Fund near 28.31%. Kotak Balanced Advantage Fund shows around 12.57% over the same period.
Disclaimer: Data is historical and subject to change. Past performance does not guarantee future results and should not be viewed as advice or a recommendation.
Redemption can be requested through the Kotak MF platform, mobile app, or the platform used for investment. Mutual funds on smallcase can also be redeemed when not pledged as collateral. Processing follows applicable cut-off rules, timelines and scheme guidelines.
Disclaimer: Mutual fund transactions including redemption are subject to applicable cut off timings, exit loads, and tax rules. Verify all details before proceeding.
The availability of SIP modification features varies across platforms, including those where Kotak multicap fund direct growth investments are held. Some allow amendments, while others may require starting a new SIP with the revised amount.
Stopping a SIP, including one linked to Kotak multicap fund regular growth, generally depends on the channel where the SIP was created. Some portals support online cancellation, while others may require a formal request before discontinuation.
