HealthyDirect · GrowthFit for a long SIP
Kotak Banking and PSU Debt Fund
Kotak Mahindra Mutual FundDebt Scheme - Banking and PSU Fund13.2 years
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.
- NAV
- 72.4713
- 29 Oct 2026
- 1Y
- +4.0%
- Trailing CAGR
- AUM
- ₹4,761.48 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.5% annualized
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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 82% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.2 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.40% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
82% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dharmesh Thakar · 1.4 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 ≈ 38.0% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+4.0%
- 3Y+7.0%
- 5Y+6.3%
- 10Y+7.2%
- SI+7.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.3%
- 3Y+5.9%
- 5Y+6.5%
- 10Y+6.9%
- Since inception
- +7.9%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- +82%
- Windows beating the median
- 3Y percentile
- 67
- Vs comparable share classes
- SIP 3Y XIRR
- +5.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.1%
- 2470 daily-ending windows
- Median rolling 3Y
- +8.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1985 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.8%
- Worst peak-to-trough
- Current
- -0.7%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +42%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 296 recovered episodes
- Longest recovery
- 75 days
- Trough to prior peak
6 Mar 2020 – 20 Apr 2020
Trough 24 Mar 2020 · recovered in 27 days
-2.8%
8 Jan 2021 – 26 Apr 2021
Trough 17 Mar 2021 · recovered in 40 days
-1.4%
9 Apr 2018 – 2 Jul 2018
Trough 17 May 2018 · recovered in 46 days
-1.1%
23 Apr 2020 – 6 May 2020
Trough 29 Apr 2020 · recovered in 7 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
67
Vs category
50
Consistency
75
Risk-adjusted
93
Drawdown
93
Mean
75
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 82% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 62 holdings · top 10 are 38.0%.
- Top 5
- 23.6%
- Top 10
- 38.0%
- Largest holding
- 6.9%
- Effective holdings
- 38.1
POWER FINANCE CORPORATION LIMITED SR 237A 7.60 BD 13AP29 FVRS1LAC
Financial
6.9%
Repo
Unspecified
6.0%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT SR NABFID20272 7.3700 BD 16JL29 FVRS1LAC
Financial
4.2%
POWER GRID CORPORATION OF INDIA LIMITED SR LXXIV 7.70 BD 12OT33 FVRS1LAC
Energy & Utilities
3.4%
HDFC BANK LIMITED SR V004 8.55 NCD 27MR29 FVRS10LAC
Financial
3.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ITI Banking & PSU Debt Fund
ITI Mutual Fund
- 1Y
- +4.0%
- 3Y
- +6.8%
- Vol
- 0.8%
- Max DD
- -1.1%
- Sharpe
- 0.20
- 3Y win
- +48%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Franklin India Banking & PSU Debt Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.4%
- 3Y
- +7.3%
- Vol
- 1.7%
- Max DD
- -3.6%
- Sharpe
- 1.07
- 3Y win
- +31%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
HDFC Banking and PSU Debt Fund
HDFC Mutual Fund
- 1Y
- +3.3%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.1%
- Sharpe
- 1.12
- 3Y win
- +48%
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns