MonitorDirect · GrowthWatch before adding
Kotak Active Momentum Fund
Kotak Mahindra Mutual FundEquity Scheme - Sectoral/ Thematic1.2 years
The scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities selected based on momentum theme, following an in-house model i.e. enhanced earnings factor model.
- NAV
- 10.378
- 29 Oct 2026
- 1Y
- +0.8%
- Trailing CAGR
- Upside capture
- +110%
- Vs NIFTY 500 TRI
- Downside capture
- +85%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer ICICI Prudential Bharat Consumption Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.2 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Watch
1.53% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -13.6%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Abhishek Bisen · 1.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 29.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 14%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+3.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.7%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +3.0%
- Calendar-day CAGR
- Excess 1Y
- +3.3%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +8.4%
- Fund minus TRI
- 3Y excess
- n/a
- Fund minus TRI
- Upside capture
- +110%
- Benchmark-up months
- Downside capture
- +85%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -13.6%
- Worst peak-to-trough
- Current
- -9.7%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 18 recovered episodes
- Longest recovery
- 102 days
- Trough to prior peak
7 Jan 2026 – 3 Jul 2026
Trough 23 Mar 2026 · recovered in 102 days
-13.6%
10 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-13.2%
18 Sept 2025 – 9 Oct 2025
Trough 26 Sept 2025 · recovered in 13 days
-3.5%
1 Dec 2025 – 22 Dec 2025
Trough 10 Dec 2025 · recovered in 12 days
-2.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
24
Vs category
71
Consistency
100
Risk-adjusted
20
Drawdown
66
Mean
56
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 51 holdings · top 10 are 29.3%.
- Top 5
- 16.3%
- Top 10
- 29.3%
- Largest holding
- 4.3%
- Effective holdings
- 45.6
Laurus Labs Ltd
Healthcare
4.3%
Repo
Unspecified
3.5%
Sona BLW Precision Forgings Ltd
Consumer Discretionary
2.9%
Bharat Forge Ltd
Consumer Discretionary
2.9%
Apar Industries Ltd
Diversified
2.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ICICI Prudential Bharat Consumption Fund
ICICI Prudential Mutual Fund
- 1Y
- -10.1%
- 3Y
- +8.6%
- Vol
- 15.4%
- Max DD
- -31.3%
- Sharpe
- 0.52
- 3Y win
- +45%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -9.1%
- 3Y
- +10.7%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.55
- 3Y win
- +65%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +0.3%
- 3Y
- +16.1%
- Vol
- 12.7%
- Max DD
- -18.4%
- Sharpe
- 0.72
- 3Y win
- +98%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- -5.1%
- 3Y
- +13.1%
- Vol
- 14.3%
- Max DD
- -21.5%
- Sharpe
- 0.47
- 3Y win
- +100%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
SBI CONSUMPTION OPPORTUNITIES FUND
SBI Mutual Fund
- 1Y
- -16.6%
- 3Y
- +3.8%
- Vol
- 14.8%
- Max DD
- -35.4%
- Sharpe
- 0.58
- 3Y win
- +64%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown