Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund is one of India’s established mutual fund houses. It started operations in December 1998 and is part of Kotak Mahindra Group. Today, it offers a wide mix of schemes across equity, debt, hybrid, fund of funds, ETFs and index funds. Kotak Mahindra MF is also the 5th largest mutual fund provider in the country.

Data as of 30 September, 2026.

Kotak Mahindra MF’s key framework is BMV, which stands for Business, Management and Valuation. This approach looks at three things. First, whether the business has the potential to remain strong and grow. Second, whether its management has the ability to execute its plans. And third, whether the stock’s valuation is reasonable.

Fundamental research is the basis of this approach. Kotak MF also incorporates environmental, social and governance (ESG) factors into its investment analysis. The AMC is also a signatory to the UN-supported Principles of Responsible Investment (PRI).

Kotak Mahindra MF has a broad product range. As per the September 2026 factsheet, it offers 122 schemes across 6 broad groups.

The interesting thing about Kotak Mahindra mutual fund schemes is the size of its passive fund lineup. It has 34 index funds and 22 ETFs, for a total of 56 schemes across two categories. This shows that passive products account for almost half of its schemes.

Its equity range is also spread across several sub-categories. Along with large-cap, flexi-cap, multi-cap and mid-cap funds, Kotak offers more specialised funds. These schemes focus on areas such as manufacturing, healthcare, IT, consumption, infrastructure, and rural opportunities.

This gives you more options across both broad market categories and more focused investment themes.

Kotak MF schemes operate within the mutual fund structure regulated by SEBI. When you invest in a mutual fund, your money is pooled and invested according to the scheme’s stated objective. The AMC manages the portfolio, while the trustee oversees the fund’s activities.

The securities held by the mutual fund are kept separately from the AMC’s own assets. A custodian holds these investments safely, while the trustee monitors the AMC and its compliance with applicable rules. Kotak Mahindra is a SEBI-registered mutual fund provider.

However, SEBI regulation doesn’t guarantee returns. Mutual Funds invest in market-linked assets, so the value of your investment can go up or down, depending on many external factors. The risk also differs from one scheme to another. For instance, equity funds can be more volatile than many debt funds. So, don’t confuse safety with guaranteed returns.

Performance of one Kotak scheme can be very different from another because each fund follows a different strategy and invests in different assets. Therefore, while comparing the top Kotak Mahindra mutual funds, it’s better to look at the performance against its own category average.

Here’s a list of schemes that have beaten their respective category averages over 3 and 5 years.

3-year category average comparison

5-year category average comparison

Note that past performance can change and may not be repeated in the future. So, consider historical returns as a part of your research. Don’t think of them as a promise of future returns.

Not all top Kotak mutual funds will suit your needs. Before choosing a scheme, look at these factors:

• Start with your goal: Be clear about what you are investing for. A short-term vacation goal and a long-term wealth-building goal may require different types of funds.
• Match the fund with your time frame: Your investment period matters. A fund for long-term investing may not be suitable if you need the money soon.
• Check your comfort with risk: Ask yourself how much market movement you can handle. Equity funds can see bigger price swings, while debt and hybrid funds have different risk levels.
• Compare funds within the same category: Once you know your goal, time horizon and risk level, narrow your search to a suitable category. Then compare the best Kotak mutual funds based on their strategy, portfolio, costs and past performance.

Setting up Kotak Mahindra SIP plans or making a lump-sum investment on Millions is simple. Just download the Millions app from the Google Play Store or iOS App Store, register, and follow these steps:

1. Go to the Mutual Funds section on the Millions app dashboard.
2. Search for ‘Kotak Mahindra Mutual Funds’.
3. Select the Kotak scheme you want to explore.
4. Check its performance, holdings, risk level, fund manager and other details.
5. Choose ‘One Time’ for lump-sum investment or ‘SIP’ for regular investments.
6. Enter the investment amount. For SIPs, select the frequency and debit date.
7. Check the details before clicking ‘Invest Now’.
8. Authorise the investment using OTP. And you’re all set!

The minimum investment amount can vary between schemes. For instance, some funds show a ₹100 minimum for both one-time investment and SIP in Kotak Large Mid Fund. You can check a particular fund’s minimum investment amount in the ‘Scheme Snapshot’ section.

If you choose a Direct Plan, the expense ratio is generally lower than the Regular Plan. For example, Kotak Large Cap Fund’s expense ratio is 0.68% for the Direct Plan versus 1.76% for the Regular Plan. This is because there is no distributor commission in the Direct Plan.

Always start small, be consistent and gradually increase your investment to suit your growing financial goals. You can also use the SIP Calculator to estimate how much you may need to invest regularly to work towards your financial goals.