Kotak International REIT Overseas Equity Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak International REIT Overseas Equity Active FOF Direct Growth Plan is priced at ₹11.8154 as of 15 Sep 2026, with scheme AUM of ₹103 Cr. Its 1-year, 3-year and 5-year returns are -1.62%, 8.72% and 3.1% respectively, and the fund sits in the High Risk category.
Our view is that this is a specialised overseas fund-of-fund with a concentrated portfolio and a mixed return path. The recent 1-year figure is weak, but the longer stretch has been steadier, so it may suit investors who can accept sharp near-term swings for a less conventional overseas allocation.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.8154 as of 15 Sep 2026 |
| AUM | ₹103 Cr |
| Expense Ratio | 0.53% |
| Launch Date | 29 Dec 2020 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | Nil upto 8% of units and 1% for remaining units on or before 1Y, Nil after 1Y |
| Fund Managers | Arjun Khanna |
The fund is managed by Arjun Khanna.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.57% | -4.81% |
| 3M | -4.59% | -3.63% |
| 1Y | -1.62% | -8.27% |
| 3Y | 8.72% | 5.59% |
| 5Y | 3.1% | 5.58% |
The short-term pattern has been soft. Over the last month and three months, the fund declined more than NIFTY 50, which tells us that recent momentum has been weaker than the benchmark even though both have been under pressure.
The 1-year comparison is more supportive. The fund’s -1.62% return is meaningfully better than the benchmark’s -8.27%, so it has protected capital better over that window. That said, the return is still negative, which means the past year has not been a comfortable holding period.
Looking further out, the 3-year return of 8.72% is ahead of the benchmark’s 5.59%, while the 5-year return of 3.1% trails the benchmark’s 5.58%. That split suggests the fund has not followed a straight line: it has recovered better over the medium term, but the longer record still shows that consistency has been limited.
We also see a more uneven path in the return series itself. The fund has gone through a stronger multi-year recovery after earlier weakness, but recent months have turned choppier again. For investors, that means the fund’s behaviour can diverge materially from the benchmark and may require patience through periods when the overseas allocation does not work in its favour.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Kotak International REIT Overseas Equity Active FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Kotak International REIT Overseas Equity Active FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak International REIT Overseas Equity Active FOF Direct Growth Plan | -1.62% | 8.72% | 3.1% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 45.84% | 27.6% | 11.51% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 42.32% | 27.43% | 12% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 37.03% | 25.62% | 12.08% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 32.04% | 26.36% | 14.86% |
| Invesco India – Invesco Pan European Equity FoF Direct Growth Plan | 31.97% | 20.54% | 15.5% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund’s 1-year return is far below the peer set shown here, while its 3-year figure is also much lower than the stronger overseas and emerging-markets names. At 5 years, it still trails all five peer funds listed, so the longer record looks less competitive than the medium-term rebound. In short, the peer table tells a mixed story: the fund has improved over some periods, but the available comparison data shows a clear gap versus the stronger peer return profiles.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Smam Asia Reit Sub Trust | Overseas Mutual Fund Units | 99.47% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 0.58% |
The portfolio is extremely concentrated, with the largest holding at 99.47% of the fund. That single position is likely to drive most of the fund’s behaviour, while the small cash and repo balance plays only a supporting role.
Because the disclosed holdings total only two lines, there is no broad spread across a long tail of securities. The gap between the top holding and the remainder is very large, so the portfolio may behave much more like a focused allocation than a diversified basket.
This concentration also means the fund’s results may depend heavily on the outcome of one overseas REIT-related exposure. For investors, that can create a more specialised return pattern than a multi-holding overseas fund, and it may help explain why the fund’s recent movement has differed from the benchmark at times.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who can handle High Risk and who are comfortable with a specialist overseas allocation. The 1-year number is negative, the 3-year return is positive, and the 5-year figure remains modest, so the holding period needs to be long enough to ride through uneven stretches.
Our view is that it is better suited to someone using it as a satellite allocation rather than a core holding. The main trade-off is clear: the fund offers access to a concentrated foreign REIT-linked exposure, but that same concentration can make performance more uneven than a broad domestic equity fund.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil upto 8% of units and 1% for remaining units on or before 1Y, Nil after 1Y.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Kotak International REIT Overseas Equity Active FOF Direct Growth Plan?
The current NAV is ₹11.8154 as of 15 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its returns are -1.62% over 1 year, 8.72% over 3 years and 3.1% over 5 years.
How does it compare with NIFTY 50?
It has beaten NIFTY 50 over 1 year and 3 years, but it trails the benchmark over 5 years. The short-term numbers remain weak, so the comparison is mixed rather than steady.
How does it compare with the peer funds listed here?
Its 1-year, 3-year and 5-year figures are all below the peer funds shown in the comparison table. The gap is especially wide on the 1-year measure.
What is the minimum SIP amount?
A minimum SIP amount is not stated here, so it is not listed in the fund details.
Who manages the fund and what is the exit load?
The fund is managed by Arjun Khanna. The exit load is nil upto 8% of units and 1% for remaining units on or before 1Y, with nil exit load after 1Y.
Bottom line
Kotak International REIT Overseas Equity Active FOF Direct Growth Plan has a mixed record: the 1-year return is negative, the 3-year return is stronger, and the 5-year return is still modest. Against the benchmark, it has done better in the medium term but not over the longer stretch, and the peer comparison shows a clear gap to the stronger overseas funds. The portfolio is highly concentrated in one overseas REIT exposure, so the fund may suit investors who understand and can tolerate a specialist, high-risk allocation.
Published on 16 September 2026 at 5:55 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.