MonitorDirect · Growth

Kotak Pioneer Fund

Kotak Mahindra Mutual Fund Equity Scheme - Sectoral/ Thematic6.9 years

The scheme seeks to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.

NAV: 38.372; 15 Sept 2026
1Y: +7.5%; Trailing CAGR
AUM: ₹4,022.58 Cr; 31 Aug 2026
Volatility: Medium; 15.8% annualized

NAV path pending

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+7.5%
3Y+18.8%
5Y+15.0%
10Yn/a
SI+21.6%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+14.2%
3Y+14.4%
5Y+17.8%
10Yn/a

Since inception: +21.6%; Calendar-day CAGR
Excess 1Y: +1.4%; Category median, same plan and option
3Y win rate: +90%; Windows beating the median
3Y percentile: 78; Vs comparable share classes
Worst rolling 3Y: +14.2%; 951 daily-ending windows
Median rolling 3Y: +22.0%; Calendar-day CAGR
Positive rolling 5Y: +100%; 460 daily-ending windows
SIP 3Y XIRR: +14.4%; Simulated monthly SIP

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

Path not in current snapshots

n/a

Average recovery: 11 days; 91 recovered episodes
Longest recovery: 350 days; Trough to prior peak
Current spell: 15 days; Days below latest peak
Time below peak: +82%; NAV observations

17 Jan 2020 – 4 Aug 2020
Trough 23 Mar 2020 · recovered in 134 days
-35.7%
16 Nov 2021 – 5 Jun 2023
Trough 20 Jun 2022 · recovered in 350 days
-21.7%
27 Sept 2024 – 30 Jun 2025
Trough 7 Apr 2025 · recovered in 84 days
-19.3%
19 Sept 2025 – 6 May 2026
Trough 30 Mar 2026 · recovered in 37 days
-13.1%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
78
Vs category
59
Consistency
84
Risk-adjusted
76
Drawdown
11
Mean
61

Portfolio

31 Aug 2026 · 56 holdings · top 10 are 45.4%.

Top 5: 31.6%
Top 10: 45.4%
Largest holding: 15.8%
Effective holdings: 22.9

IShares NASDAQ 100 UCITS ETF
Unspecified
15.8%
Zomato Ltd
Technology
5.7%
Lenskart Solutions Ltd.
Consumer Discretionary
3.5%
INDO-MIM Ltd.
Industrials
3.5%
Aster DM Healthcare Ltd
Healthcare
3.2%

Decision

Quantitative read of the live evidence. An explanation can only restate what is already here.

As of 15 Sept 2026

Monitor

Engine status

Monitor

Recent evidence

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 90% of rolling 3-year windows.
Three-year return is above the category median.
Risk-adjusted return sits above the documented risk-free proxy.

Worth investigating

Same-category peers with enough history to inspect beside this fund.

All funds

MonitorDirect · Growth

Kotak Pioneer Fund

Kotak Mahindra Mutual Fund Equity Scheme - Sectoral/ Thematic6.9 years

NAV: 38.372; 15 Sept 2026
1Y: +7.5%; Trailing CAGR
AUM: ₹4,022.58 Cr; 31 Aug 2026
Volatility: Medium; 15.8% annualized

Sept 2024 – Sept 2026

All funds

MonitorDirect · Growth

Kotak Pioneer Fund

Kotak Mahindra Mutual Fund Equity Scheme - Sectoral/ Thematic6.9 years

NAV: 38.372; 15 Sept 2026
1Y: +7.5%; Trailing CAGR
AUM: ₹4,022.58 Cr; 31 Aug 2026
Volatility: Medium; 15.8% annualized

NAV path pending

NAV

15 Sept 2026 · +7.5% over 1Y

38.372

Sept 202531.435 – 39.814Sept 2026

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+7.5%
3Y+18.8%
5Y+15.0%
10Yn/a
SI+21.6%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+14.2%
3Y+14.4%
5Y+17.8%
10Yn/a

Since inception: +21.6%; Calendar-day CAGR
Excess 1Y: +1.4%; Category median, same plan and option
3Y win rate: +90%; Windows beating the median
3Y percentile: 78; Vs comparable share classes
Worst rolling 3Y: +14.2%; 951 daily-ending windows
Median rolling 3Y: +22.0%; Calendar-day CAGR
Positive rolling 5Y: +100%; 460 daily-ending windows
SIP 3Y XIRR: +14.4%; Simulated monthly SIP

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

15 Sept 2026

-3.6%

Nov 2019-35.7% – 0.0%Sept 2026

Average recovery: 11 days; 91 recovered episodes
Longest recovery: 350 days; Trough to prior peak
Current spell: 15 days; Days below latest peak
Time below peak: +82%; NAV observations

17 Jan 2020 – 4 Aug 2020
Trough 23 Mar 2020 · recovered in 134 days
-35.7%
16 Nov 2021 – 5 Jun 2023
Trough 20 Jun 2022 · recovered in 350 days
-21.7%
27 Sept 2024 – 30 Jun 2025
Trough 7 Apr 2025 · recovered in 84 days
-19.3%
19 Sept 2025 – 6 May 2026
Trough 30 Mar 2026 · recovered in 37 days
-13.1%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
78
Vs category
59
Consistency
84
Risk-adjusted
76
Drawdown
11
Mean
61

Portfolio

31 Aug 2026 · 56 holdings · top 10 are 45.4%.

Top 5: 31.6%
Top 10: 45.4%
Largest holding: 15.8%
Effective holdings: 22.9

IShares NASDAQ 100 UCITS ETF
Unspecified
15.8%
Zomato Ltd
Technology
5.7%
Lenskart Solutions Ltd.
Consumer Discretionary
3.5%
INDO-MIM Ltd.
Industrials
3.5%
Aster DM Healthcare Ltd
Healthcare
3.2%

Decision

Quantitative read of the live evidence. An explanation can only restate what is already here.

As of 15 Sept 2026

Monitor

Engine status

Monitor

Recent evidence

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 90% of rolling 3-year windows.
Three-year return is above the category median.
Risk-adjusted return sits above the documented risk-free proxy.

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+7.5%
3Y+18.8%
5Y+15.0%
10Yn/a
SI+21.6%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+14.2%
3Y+14.4%
5Y+17.8%
10Yn/a

Since inception: +21.6%; Calendar-day CAGR
Excess 1Y: +1.4%; Category median, same plan and option
3Y win rate: +90%; Windows beating the median
3Y percentile: 78; Vs comparable share classes
Worst rolling 3Y: +14.2%; 951 daily-ending windows
Median rolling 3Y: +22.0%; Calendar-day CAGR
Positive rolling 5Y: +100%; 460 daily-ending windows
SIP 3Y XIRR: +14.4%; Simulated monthly SIP

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

Path not in current snapshots

n/a

Average recovery: 11 days; 91 recovered episodes
Longest recovery: 350 days; Trough to prior peak
Current spell: 15 days; Days below latest peak
Time below peak: +82%; NAV observations

17 Jan 2020 – 4 Aug 2020
Trough 23 Mar 2020 · recovered in 134 days
-35.7%
16 Nov 2021 – 5 Jun 2023
Trough 20 Jun 2022 · recovered in 350 days
-21.7%
27 Sept 2024 – 30 Jun 2025
Trough 7 Apr 2025 · recovered in 84 days
-19.3%
19 Sept 2025 – 6 May 2026
Trough 30 Mar 2026 · recovered in 37 days
-13.1%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
78
Vs category
59
Consistency
84
Risk-adjusted
76
Drawdown
11
Mean
61

Portfolio

31 Aug 2026 · 56 holdings · top 10 are 45.4%.

Top 5: 31.6%
Top 10: 45.4%
Largest holding: 15.8%
Effective holdings: 22.9

IShares NASDAQ 100 UCITS ETF
Unspecified
15.8%
Zomato Ltd
Technology
5.7%
Lenskart Solutions Ltd.
Consumer Discretionary
3.5%
INDO-MIM Ltd.
Industrials
3.5%
Aster DM Healthcare Ltd
Healthcare
3.2%

Decision

Quantitative read of the live evidence. An explanation can only restate what is already here.

As of 15 Sept 2026

Monitor

Engine status

Monitor

Recent evidence

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 90% of rolling 3-year windows.
Three-year return is above the category median.
Risk-adjusted return sits above the documented risk-free proxy.

Worth investigating

Same-category peers with enough history to inspect beside this fund.

NAV

15 Sept 2026 · +7.5% over 1Y

38.372

Sept 202531.435 – 39.814Sept 2026

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+7.5%
3Y+18.8%
5Y+15.0%
10Yn/a
SI+21.6%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+14.2%
3Y+14.4%
5Y+17.8%
10Yn/a

Since inception: +21.6%; Calendar-day CAGR
Excess 1Y: +1.4%; Category median, same plan and option
3Y win rate: +90%; Windows beating the median
3Y percentile: 78; Vs comparable share classes
Worst rolling 3Y: +14.2%; 951 daily-ending windows
Median rolling 3Y: +22.0%; Calendar-day CAGR
Positive rolling 5Y: +100%; 460 daily-ending windows
SIP 3Y XIRR: +14.4%; Simulated monthly SIP

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

15 Sept 2026

-3.6%

Nov 2019-35.7% – 0.0%Sept 2026

Average recovery: 11 days; 91 recovered episodes
Longest recovery: 350 days; Trough to prior peak
Current spell: 15 days; Days below latest peak
Time below peak: +82%; NAV observations

17 Jan 2020 – 4 Aug 2020
Trough 23 Mar 2020 · recovered in 134 days
-35.7%
16 Nov 2021 – 5 Jun 2023
Trough 20 Jun 2022 · recovered in 350 days
-21.7%
27 Sept 2024 – 30 Jun 2025
Trough 7 Apr 2025 · recovered in 84 days
-19.3%
19 Sept 2025 – 6 May 2026
Trough 30 Mar 2026 · recovered in 37 days
-13.1%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
78
Vs category
59
Consistency
84
Risk-adjusted
76
Drawdown
11
Mean
61

Portfolio

31 Aug 2026 · 56 holdings · top 10 are 45.4%.

Top 5: 31.6%
Top 10: 45.4%
Largest holding: 15.8%
Effective holdings: 22.9

IShares NASDAQ 100 UCITS ETF
Unspecified
15.8%
Zomato Ltd
Technology
5.7%
Lenskart Solutions Ltd.
Consumer Discretionary
3.5%
INDO-MIM Ltd.
Industrials
3.5%
Aster DM Healthcare Ltd
Healthcare
3.2%

Decision

Quantitative read of the live evidence. An explanation can only restate what is already here.

As of 15 Sept 2026

Monitor

Engine status

Monitor

Recent evidence

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 90% of rolling 3-year windows.
Three-year return is above the category median.
Risk-adjusted return sits above the documented risk-free proxy.

Kotak Pioneer Fund

Returns

Drawdown

Dimensions

Portfolio

Decision

Worth investigating

Kotak Business Cycle Fund

Motilal Oswal Active Momentum Fund

Nippon India Innovation Fund

quant Business Cycle Fund

Aditya Birla Sun Life Business Cycle Fund

Kotak Pioneer Fund

Kotak Pioneer Fund

Returns

Drawdown

Dimensions

Portfolio

Decision

Returns

Drawdown

Dimensions

Portfolio

Decision

Worth investigating

Kotak Business Cycle Fund

Motilal Oswal Active Momentum Fund

Nippon India Innovation Fund

quant Business Cycle Fund

Aditya Birla Sun Life Business Cycle Fund

Kotak Pioneer Fund

Returns

Drawdown

Dimensions

Portfolio

Decision