Kotak Mahindra Mutual Fund: Schemes, AUM & Top Picks
Kotak Mahindra Mutual Fund manages ₹6.20 lakh crore across 96 schemes. Explore top-ranked funds, risk metrics, and how to start investing.
Kotak Mahindra Mutual Fund, managed by Kotak Mahindra Asset Management Company (KMAMC), is a 32-year-old fund house with ₹6,19,695.24 crore (approximately ₹6.20 lakh crore) in assets under management across 96 schemes. Sponsored by Kotak Mahindra Bank Limited and operational since December 1998, it offers a wide range of equity, debt, and hybrid options designed to suit investors across different risk appetites.
Key takeaways
- Kotak Mahindra Mutual Fund manages ₹6.20 lakh crore in AUM across 96 schemes covering equity, debt, hybrid, and thematic categories.
- The AMC was incorporated on 5 August 1994 and began operations in December 1998; it was the first fund house in India to launch a dedicated gilt fund investing solely in Government securities.
- It is a wholly-owned subsidiary of Kotak Mahindra Bank Limited and operates under SEBI (Mutual Funds) Regulations, 1996.
- Eligible investors can claim income tax benefits under Section 80C through qualifying schemes in the fund house's lineup.
- The fund house has 86 branches across 82 cities and serves 25.9 lakh unique investors across India.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company Limited was incorporated on 5 August 1994 as a public limited company under the Companies Act, 1956. It is a wholly-owned subsidiary of Kotak Mahindra Bank Limited and serves as the asset manager for Kotak Mahindra Mutual Fund. Commercial operations started in December 1998, since when the fund house has grown to manage ₹6,19,695.24 crore in assets.
A significant milestone: Kotak was the first AMC in India to introduce a dedicated gilt fund — a scheme that puts money exclusively into Government securities. Beyond mutual funds, KMAMC provides portfolio management services under SEBI (Portfolio Manager) Regulations, 1993, and extends into pension fund management through its subsidiary, Kotak Mahindra Pension Fund Limited.
Within its fixed-income mandates, the AMC primarily invests in AAA and AA rated companies, reflecting an emphasis on credit quality. Its pan-India network spans 86 branches in 82 cities, with a customer base of 25.9 lakh unique investors. Tax-saving options under Section 80C are also available through eligible schemes.
Kotak Mutual Fund: Key Information
The table below covers essential fund house details, including leadership, sponsor, and registered address.
| Field | Detail |
|---|---|
| Total AUM | ₹6,19,695.24 crore (about ₹6.20 lakh crore) |
| Number of schemes | 96 |
| AMC age | 32 years |
| Incorporation date | 5 August 1994 |
| Sponsors | Kotak Mahindra Bank Limited |
| Trustee organisation | Kotak Mahindra Trustee Company Ltd |
| CIO | Harsha Upadhyaya(Chief Investment Officer-Equity), Deepak Agrawal(Chief Investment Officer-Debt) |
| MD | Mr. Nilesh Shah |
| CEO | Nilesh Shah(Managing Director) |
| Compliance officer | Ms. Jolly Bhatt |
| Address | The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla ComplexBandra (E) Mumbai 400051 |
Top 10 Kotak Mutual Fund Schemes Ranked by Invo Wealth
The funds below are ranked using Invo Wealth's internal quality score. The table shows trailing returns across 6-month, 1-year, 3-year, and 5-year periods.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Kotak Equity Savings Fund | Equity Savings Fund | 5.90% | 4.86% | 9.34% | 9.14% |
| Kotak Arbitrage Fund | Arbitrage Fund | 5.75% | 5.90% | 6.86% | 6.25% |
| Kotak Banking and PSU Debt Fund | Banking & PSU Fund | 5.13% | 5.49% | 7.04% | 6.11% |
| Kotak Pioneer Fund | Sectoral/Thematic Fund | 35.50% | 9.74% | 18.49% | 14.45% |
| Kotak India Growth Fund Series 4-Regular Plan-ayout of Income Distribution cum capital withdrawal option | Multi Cap Fund | 0.00% | 0.00% | 6.23% | 10.37% |
| Kotak India Growth Fund Series 4 - Regular Plan- Growth option | Multi Cap Fund | 0.00% | 0.00% | 6.23% | 10.37% |
| Kotak Infrastructure and Economic Reform Fund | Sectoral/Thematic Fund | 22.50% | 10.14% | 15.33% | 17.82% |
| Kotak Nifty Financial Services Ex-Bank Index Fund | Index Fund | 11.55% | 9.61% | 16.91% | -- |
| Kotak Gold Fund | Fund of Funds (FoF) | -7.35% | 43.36% | 35.55% | 24.86% |
| Kotak Nifty Next 50 Index Fund | Index Fund | 16.65% | 8.91% | 17.26% | 11.57% |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Notable Return Highlights
A few schemes stand out across different categories:
- Kotak Gold Fund (Fund of Funds) delivered a 1-year return of 43.36%, a 3-year return of 35.55%, and a 5-year return of 24.86% — the highest Sortino ratio in this list at 1.55.
- Kotak Pioneer Fund (Sectoral/Thematic) posted a 3-year return of 18.49% and a 5-year return of 14.45%, alongside a 6-month figure of 35.50%, with volatility at 15.43%.
- Kotak Infrastructure and Economic Reform Fund recorded a 5-year return of 17.82% and a 3-year return of 15.33%, with higher volatility of 21.04%.
- Kotak Equity Savings Fund offered steadier performance — a 3-year return of 9.34% with a comparatively low volatility of 6.80% and a maximum drawdown of -6.21%.
- Kotak Arbitrage Fund had the lowest volatility in this group at 1.20% and a near-zero maximum drawdown of -0.32%, making it relevant for capital-conservative investors.
Risk Metrics: Volatility and Drawdown
Volatility and maximum drawdown figures help investors gauge how much a fund's value can fluctuate or fall during adverse market conditions — an important complement to return data.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| Kotak Equity Savings Fund | INF174K01C78 | 10.33% | 6.80% | -6.21% | 0.47 |
| Kotak Arbitrage Fund | INF174K01302 | 6.10% | 1.20% | -0.32% | -0.19 |
| Kotak Banking and PSU Debt Fund | INF174K01FO3 | 6.15% | 1.40% | -0.64% | 0.04 |
| Kotak Pioneer Fund | INF174KA1EW8 | 18.84% | 15.43% | -19.87% | 1.06 |
| Kotak India Growth Fund Series 4-Regular Plan-ayout of Income Distribution cum capital withdrawal option | INF174KA1GE1 | 22.89% | 16.04% | -6.28% | -0.07 |
| Kotak India Growth Fund Series 4 - Regular Plan- Growth option | INF174KA1GD3 | 22.89% | 16.04% | -6.29% | -0.07 |
| Kotak Infrastructure and Economic Reform Fund | INF178L01095 | 25.62% | 21.04% | -28.15% | 0.53 |
| Kotak Nifty Financial Services Ex-Bank Index Fund | INF174KA1OO4 | 17.37% | 24.11% | -17.16% | 0.58 |
| Kotak Gold Fund | INF174K01AT3 | 23.72% | 26.01% | -24.16% | 1.55 |
| Kotak Nifty Next 50 Index Fund | INF174KA1FX3 | 15.55% | 22.16% | -26.49% | 0.62 |
How to Invest in Kotak Mahindra Mutual Fund
Investors can start a SIP or make a lump-sum investment in Kotak Mutual Fund schemes online through the AMC's official website or via third-party platforms. KYC completion is a prerequisite. For step-up SIPs — where the investment amount is increased incrementally — check with the fund house whether the facility is available for your chosen scheme before proceeding.
Sign up on Invo Wealth to get complete portfolio insights and start investing in Kotak mutual fund schemes that match your financial goals and risk appetite.
Conclusion
With 32 years of operations, ₹6.20 lakh crore in AUM, and 96 schemes spanning equity, debt, and hybrid categories, Kotak Mahindra Mutual Fund offers a well-rounded set of options — from ultra-low-volatility arbitrage funds to high-conviction sectoral strategies. Comparing return history, volatility, and drawdown data against your own investment horizon and risk tolerance is the right starting point before choosing any scheme.
Frequently asked questions
How do I start a SIP in Kotak Mahindra Mutual Fund online?
You can start a Kotak Mahindra Mutual Fund SIP online through platforms like Invo Wealth or the fund house's official website. Third-party investment platforms and mobile applications also support investments in Kotak Mutual Fund schemes.
How do I redeem my Kotak Mahindra Mutual Fund investments?
You can redeem online by logging in to the AMC's official website with your folio number. Alternatively, you can visit the nearest fund house branch and submit a redemption form, or redeem through any online investment platform where you originally invested.
How can I increase my SIP amount in Kotak Mahindra Mutual Fund?
You can increase your SIP amount using the step-up or top-up SIP facility. It is advisable to check with the fund house whether this option is available for your chosen scheme, and use a Step-up SIP Calculator to work out the revised amount before making changes.
How do I stop or cancel a Kotak Mahindra Mutual Fund SIP online?
You can cancel your SIP at any time by placing a Cancel SIP request. This can be done by logging in to the fund house's website with your folio number, contacting your agent, or following the cancellation steps on the investment platform where you invested.
How is a Kotak Mahindra Mutual Fund SIP return calculated?
A SIP return calculation factors in the investment amount, the SIP tenure, the number of instalments already paid, and the expected rate of return. Using an online SIP calculator with these inputs gives you an estimate of the maturity value.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).