ReviewDirect · GrowthPrefer peers first
Kotak Infrastructure and Economic Reform Fund
Kotak Mahindra Mutual FundEquity Scheme - Sectoral/ Thematic11.7 years
The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.
- NAV
- 80.103
- 29 Oct 2026
- 1Y
- +0.6%
- Trailing CAGR
- AUM
- ₹2,333.52 Cr
- 30 Sept 2026
- Volatility
- High
- 16.3% 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
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Kotak Business Cycle Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
11.7 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.85% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -46.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
70% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Nalin Rasik Bhatt · 3.1 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 ≈ 45.9% 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 46%. 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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+0.6%
- 3Y+15.7%
- 5Y+17.1%
- 10Y+15.8%
- SI+14.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.4%
- 3Y+6.1%
- 5Y+14.8%
- 10Y+18.1%
- Since inception
- +14.8%
- Calendar-day CAGR
- Excess 1Y
- +3.1%
- Category median, same plan and option
- 3Y win rate
- +70%
- Windows beating the median
- 3Y percentile
- 65
- Vs comparable share classes
- SIP 3Y XIRR
- +6.1%
- Simulated monthly SIP
- Worst rolling 3Y
- -10.8%
- 2152 daily-ending windows
- Median rolling 3Y
- +19.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +99%
- 1663 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -46.0%
- Worst peak-to-trough
- Current
- -6.3%
- Below last peak
- Current spell
- 51 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 17 days
- 117 recovered episodes
- Longest recovery
- 528 days
- Trough to prior peak
12 Jan 2018 – 4 Feb 2021
Trough 24 Mar 2020 · recovered in 317 days
-46.0%
27 Sept 2024 – 13 Aug 2026
Trough 3 Mar 2025 · recovered in 528 days
-27.7%
6 Aug 2015 – 29 Jun 2016
Trough 29 Feb 2016 · recovered in 121 days
-18.9%
17 Jan 2022 – 1 Aug 2022
Trough 7 Mar 2022 · recovered in 147 days
-15.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
65
Vs category
70
Consistency
68
Risk-adjusted
54
Drawdown
0
Mean
51
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 70% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 50 holdings · top 10 are 45.9%.
- Top 5
- 30.9%
- Top 10
- 45.9%
- Largest holding
- 8.7%
- Effective holdings
- 29.3
Larsen & Toubro Ltd
Industrials
8.7%
Bharti Airtel Ltd
Technology
7.4%
Reliance Industries Ltd
Energy & Utilities
7.3%
Kalpataru Power Transmission Ltd
Industrials
3.7%
Engineers India Ltd
Industrials
3.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
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
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Innovation Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +5.8%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -22.3%
- Sharpe
- 0.47
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +15.9%
- 3Y
- n/a
- Vol
- 17.2%
- Max DD
- -16.6%
- Sharpe
- 1.01
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
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
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Aditya Birla Sun Life Transportation and Logistics Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +8.5%
- 3Y
- n/a
- Vol
- 18.1%
- Max DD
- -28.2%
- Sharpe
- 0.78
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns