MonitorDirect · GrowthWatch before adding
Kotak Pioneer Fund
Kotak Mahindra Mutual FundEquity Scheme - Sectoral/ Thematic7 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
- 37.634
- 29 Oct 2026
- 1Y
- +4.0%
- Trailing CAGR
- AUM
- ₹4,294.62 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.8% 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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 91% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Kotak Business Cycle Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.0 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.63% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
91% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Harish Bihani · 3.0 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 ≈ 49.2% 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 36%. 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+4.0%
- 3Y+19.9%
- 5Y+13.9%
- 10Yn/a
- SI+20.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+9.5%
- 3Y+11.8%
- 5Y+16.6%
- 10Yn/a
- Since inception
- +20.9%
- Calendar-day CAGR
- Excess 1Y
- +6.9%
- Category median, same plan and option
- 3Y win rate
- +91%
- Windows beating the median
- 3Y percentile
- 87
- Vs comparable share classes
- SIP 3Y XIRR
- +11.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +14.2%
- 981 daily-ending windows
- Median rolling 3Y
- +22.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 490 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.7%
- Worst peak-to-trough
- Current
- -6.5%
- Below last peak
- Current spell
- 36 days
- Days below latest peak
- Time below peak
- +82%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 92 recovered episodes
- Longest recovery
- 350 days
- Trough to prior peak
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
87
Vs category
93
Consistency
85
Risk-adjusted
71
Drawdown
11
Mean
70
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
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 91% 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 · 56 holdings · top 10 are 49.2%.
- Top 5
- 36.1%
- Top 10
- 49.2%
- Largest holding
- 16.3%
- Effective holdings
- 21.3
IShares NASDAQ 100 UCITS ETF
Unspecified
16.3%
Repo
Unspecified
5.7%
Zomato Ltd
Technology
5.5%
INDO-MIM Ltd.
Industrials
4.9%
Lenskart Solutions Ltd.
Consumer Discretionary
3.6%
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
Caveat: Higher TER · Lower trailing returns
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
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
Caveat: Higher volatility · Higher TER · Lower trailing returns
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +0.1%
- 3Y
- +13.1%
- Vol
- 13.9%
- Max DD
- -17.8%
- Sharpe
- 0.39
- 3Y win
- +13%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Axis ESG Integration Strategy Fund
Axis Mutual Fund
- 1Y
- -10.3%
- 3Y
- +8.1%
- Vol
- 14.4%
- Max DD
- -24.3%
- Sharpe
- 0.45
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns