Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Banking Financial Services Fund

Holds 35 companies worth ₹1,431 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹1,509 CrKotak Banking Financial Services Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.3% on Aug 2026, ₹1,561 Cr.

  • Largest holding

    ICICI BankICICI Bank is 12.7% of this scheme's NAV.

  • Fund manager

    Abhishek BisenRuns it since 27 Feb 2023, as the fund house dates it. With Shibani Kurian (fund manager).

Overview(9 Oct 2026)

Fund managers2

  1. Abhishek BisenFund manager, equity · Feb 2023 · 23y · MBA
  2. Shibani KurianFund manager, equity · Feb 2023 · 26y · PGDM
  1. Arjun KhannaFeb 2023 – Sept 2024

Key facts

Benchmark
Nifty Financial Services Total Return Index
Risk
Very High
Expense
Regular 2.25% · Direct 0.81%
Exit load
0.5% within 30 days
Started
27 Feb 2023
Minimum
₹100

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(16 changes)

Aug 2026

1 change
  1. Expense ratio
    30 AugRegular 2.24% → 2.23%Direct 0.83% → 0.8%

Jul 2026

1 change
  1. Expense ratio
    30 JulDirect 0.81% → 0.83%

Jun 2026

1 change
  1. Expense ratio
    29 JunRegular 2.14% → 2.24%Direct 0.69% → 0.81%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Feb 2023 – now)

  1. Abhishek Bisen
  2. Shibani Kurian
  3. Arjun Khanna
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
15 changesRegularDirectΔ pt
30 Aug 20262.23%0.80%0.03
30 Jul 20262.24%0.83%0.02
29 Jun 20262.24%0.81%0.12
30 May 20262.14%0.69%0.01
30 Mar 20262.13%0.70%0.02
30 Dec 20252.10%0.68%0
29 Nov 20252.11%0.68%0.02
31 Oct 20252.12%0.66%0.01
30 Sept 20252.13%0.65%0
31 Aug 20252.14%0.65%0
31 Jul 20252.13%0.65%0.01
30 Jun 20252.14%0.66%0.03
31 May 20252.15%0.69%0
30 Sept 20242.22%0.69%0
31 Aug 20242.23%0.69%–
Direct plan, 30 Aug 2026
0.80%
Regular plan 2.23% · Exit load 0.5% within 30 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended equity scheme investing in the Banking and Financial Services sectors
Benchmark
Nifty Financial Services Total Return Index

Asset allocation it may hold% of NAV

  1. Equity and Equity Related Instruments of companies engaged in Banking and Financial Services Sector
    Allowed80–100%
  2. Equity and Equity Related Instruments of companies other than those engaged in banking & financial services
    Allowed0–20%
  3. Debt and Money Market Instruments
    Allowed0–20%Holds1.2%
  4. Units of Gold/Silver ETF
    Allowed0–20%
  5. Units of InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.98.8% equity · 1.2% debt and cash

How to invest(9 Oct 2026)

Buying

To start
₹100, then any amount thereafter Rs. 100
To add
₹100, then any amount thereafter Rs. 100
Systematic
SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily & Weekly SSIP - Monthly/Quarterly SSTP - Monthly/Quarterly
Dates
SIP - Any date from 1st to 31st SWP - Any Date of Every Month STP - Any Business Day SSIP - Any date from 1st to 31st of given month/quarter SSTP - Any Business Day (Monday-Friday) and Any Business date from 1st to 31st of given month/quarter
Minimum
SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - N.A.STP - N.A.
Instalments
SIP - N.A. SWP - 6 installmentsSTP - 6 installments

Selling and switching

To redeem
₹1,000 or 100 unit units

Scheme details(9 Oct 2026)

What it is

Category
Sectoral
Offer
6 Feb 2023 to 20 Feb 2023
Started
27 Feb 2023
Reopened
6 Mar 2023
Plans
Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled, No Segregrated Portfolio created.
Custodian
Deutsche Bank A G, Mumbai & Standard Chartered Bank,Orbis Financial Corporation Limited
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/E/SEC/22/11/0093