Kotak US Specific Equity Passive FOF Direct Growth NAV today
AMFI: 148662ISIN: INF174KA1FQ7MUTF_IN: KOTA_US_SPEC_FKRD1KKotak Mahindra Mutual FundOverseas Fund of Funds
Formerly Kotak Nasdaq 100 Fund of Fund
NAV ₹28.0021down ₹0.66 (2.29%)
NAV for 22 Oct 2026, against 21 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹4,651 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.34%20 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 2 Feb 2021
Kotak US Specific Equity Passive FOF returns
Direct Growth plan
Over each window to 22 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|
| 1 week | −2.48% | – | – | – |
| 1 month | −6.02% | 2 of 6 | −6.53% | −6.8% to −6.1% |
| 3 months | −1.89% | 3 of 6 | −1.89% | −2.0% to −1.9% |
| 6 months | +9.47% | 2 of 6 | +8.83% | +8.5% to +9.3% |
| 1 year | +24.71% | 1 of 6 | +24.25% | +24.0% to +24.6% |
| 3 years | +31.44% | 3 of 6 | +31.43% | +31.4% to +31.5% |
| 5 years | +19.27% | 2 of 4 | +19.13% | +18.9% to +19.5% |
| 10 years | Needs 10 years | – | – | – |
₹10,000 put in on 9 Feb 2021 is ₹27,968 at the NAV of 22 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Rank, median and middle half among the Direct plans of funds tracking NASDAQ 100 TRI, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). |
|---|---|
| 1 year | +34.55% |
| 3 years | +34.10% |
| 5 years | +21.72% |
| Since launch | +21.29% |
As the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Loss
Highest year to Dec 2023, +58.4%; lowest year to Dec 2022, −26.5%
Kotak US Specific Equity Passive FOF SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 22 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,31,198₹1,31,191 after stamp duty | +18.70% | +18.69% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹5,33,778₹5,33,751 after stamp duty | +27.80% | +27.80% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹11,58,194₹11,58,136 after stamp duty | +26.90% | +26.90% | ₹30 | |
| Since Feb 202168 instalments | ₹6,80,000 | ₹13,69,778₹13,69,709 after stamp duty | +24.96% | +24.95% | ₹34 |
10 years: Launched 2 Feb 2021, needs 10 years of history.
Rolling returns
Per cent a year, every window from 9 Feb 2021 to 22 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,070 windows−26.7%+21.9%+63.5%78.8%
3 years618 windows+10.2%+24.3%+37.3%100.0%
5 yearsLaunched 2 Feb 2021, needs 6 years of history
Every 3-year window ended higher than it started.
Kotak US Specific Equity Passive FOF expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.38 ptsA year, on 20 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.34%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.72%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.34%, Aug 2026.Direct plan lowest 0.24%, Apr 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.29% | 0.60% |
| Brokerage | 0.00% | 0.00% |
| Transaction costs | None | None |
| Statutory levies | 0.05% | 0.12% |
Per cent of assets a year, filed for 20 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Not accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹1,000
- SIP
- Not accepted
- SIP minimum
- Rs. 100/- and any amount thereafter
- SIP dates
- Any date from 1st to 31st date
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 24 Oct 2026.
Kotak US Specific Equity Passive FOF AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹4,500 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 66.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Mar 2021.
Assets at each month end
Highest ₹4,678 Cr, May 2026.Lowest ₹759 Cr, Feb 2022.
Kotak US Specific Equity Passive FOF portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|
| Ishares Nasdaq 100 UCITS ETF USDOverseas Mutual Fund | 99.96% | 4,687.30 | 2,77,785 | Feb 2021or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo | 0.14% | 6.50 |
| Net Current Assets/(Liabilities) | −0.10% | −4.48 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Units of other funds99.96%
- Cash and receivables0.04%
Per cent of the fund's net assets.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 0.04%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Ishares Nasdaq 100 UCITS ETF USD | Trimmed | 99.96% | 99.91% | +0.04 pts | −500 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Nasdaq 100 UCITS ETF USD | 100.00%Cut | 99.94%Cut | 99.97%Cut | 99.83%Cut | 99.94%Cut | 99.83%Cut | 99.95%Cut | 99.94%Cut | 99.96%Cut | 99.90%Cut | 99.91%Cut | 99.96%Cut |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 11.2% in Sep 2025
Risk ratios
NAV to 22 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of funds tracking NASDAQ 100 TRI (6 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.18.73%
17.42%Lowest19.85%Average27.30%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.8.13%
7.59%Lowest8.36%Average10.36%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.1.36
1.10Lowest1.32Average1.43Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.2.87
2.67Lowest2.85Average2.99Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −10.42% | 3 Jun 2026 | 29 Jul 2026 | 22 Sep 2026 |
| 3 years | −23.38% | 17 Feb 2025 | 7 Apr 2025 | 27 Jun 2025 |
| 5 years and since Feb 2021 | −29.12% | 22 Nov 2021 | 16 Jun 2022 | 14 Jun 2023 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Aug 20261 month | Very High | Very HighNASDAQ 100 TRI |
| Mar 2025 to Jun 202616 months | Very High | Very HighNASDAQ 100 TRI |
| Feb 20251 month | Very High | NASDAQ 100 TRI |
| Dec 2024 to Jan 20252 months | Very High | Very HighNASDAQ 100 TRI |
| Oct 20241 month | Very High | Very HighNASDAQ 100 TRI |
| Apr 2024 to Aug 20245 months | Very High | Very HighNASDAQ 100 TRI |
| Sep 2023 to Feb 20246 months | Very High | Very HighNASDAQ 100 TRI |
| Apr 2023 to Jul 20234 months | Very High | Very HighNASDAQ 100 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Kotak US Specific Equity Passive FOF fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Abhishek BisenPrimary | Feb 2021 | +20.18%a year | – | – | – | – | 85 | ₹1,87,877 Cr₹22,422 Cr alone |
| Arjun KhannaPrimary | Feb 2021 | +20.18%a year | – | – | – | – | 6 | ₹8,445 Cr₹2,680 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Kotak Multi Cap FundAbhishek Bisen | Sep 2021 | +15.79%a year | +10.84% | +4.95 pts | ₹30,274 Cr |
| Kotak Balanced Advantage FundAbhishek Bisen | Aug 2018 | +10.45%a year | – | – | ₹16,608 Cr |
| Kotak Multi Asset Allocation FundAbhishek Bisen | Sep 2023 | +16.70%a year | – | – | ₹15,191 Cr |
| Kotak Gold ETFAbhishek Bisen | Apr 2008 | – | – | – | ₹14,402 Cr |
| Kotak Short Term FundAbhishek Bisen | Nov 2022 | +7.28%a year | – | – | ₹14,259 Cr |
| Kotak Equity Savings FundAbhishek Bisen | Sep 2014 | – | – | – | ₹10,423 Cr |
| Kotak Aggressive Hybrid FundAbhishek Bisen | Apr 2008 | – | – | – | ₹9,061 Cr |
| Kotak Income Plus Arbitrage Omni FOFAbhishek Bisen | Nov 2022 | +7.46%a year | – | – | ₹7,884 Cr |
| Kotak Gold FundAbhishek Bisen | Mar 2011 | – | – | – | ₹6,927 Cr |
| Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index FundAbhishek Bisen | Feb 2022 | +6.30%a year | +6.61% | −0.31 pts | ₹6,139 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| DSP Global Innovation Overseas Equity Omni FoFDSP Mutual Fund | 28.78% | 1 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 TRI. However, there can be no assurance that the investment objective of the Scheme will be realized.
Asset allocation
- Units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index - 95% - 100% - High (Risk Profile) Debt schemes, Debt & Money Market Instruments, including Tri Party Repo, G-Secs, Cash and Cash at call, etc. - 0% - 5% - Low to Medium (Risk Profile)
Type of scheme
An open ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index.(TRI)
- Stated category
- Overseas FOF - Country specific Equity FoF
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nasdaq 100 TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 11 Jan 2021 to 2 Feb 2021
- Units first allotted
- 2 Feb 2021
- Open for sale again
- 9 Feb 2021
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 148662 | INF174KA1FQ7 | KOTA_US_SPEC_FKRD1K | 9 Feb 2021 |
| Regular Growth | 148661 | INF174KA1FR5 | KOTA_US_SPEC_1GEZB3 | 9 Feb 2021 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet for September 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Sep 2026
Statement of additional information
- SAI Kotak Mahindra Mutual Fund (opens in a new tab)Kotak Mahindra Mutual Fund, Oct 2026
Annual report
- Annual Report FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
- Abridged Annual Report for FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
- KMTC Annual Report for FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Disclosure as on March 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Sep 2026