Kotak Global Innovation Overseas Equity Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Global Innovation Overseas Equity Active FOF Direct Growth Plan is at ₹15.6391 NAV as of 15 September 2026, with scheme AUM of ₹840 Cr. Its 1-year, 3-year and 5-year returns are 25.33%, 23.42% and 9.32%, and the scheme carries a High Risk label.
Our view is that this is a niche overseas fund-of-funds with good medium-term compounding but clear volatility. The return pattern is strongest over 1-year and 3-year horizons, while the 5-year figure is steadier rather than exceptional, so the fund fits investors who can tolerate sharp swings in exchange-linked and overseas equity exposure.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹15.6391 as of 15 Sep 2026 |
| AUM | ₹840 Cr |
| Expense Ratio | 0.49% |
| Launch Date | 29 Jul 2021 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | 1% 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 | -3.99% | -4.41% |
| 3M | 1.93% | -3.6% |
| 1Y | 25.33% | -7.76% |
| 3Y | 23.42% | 5.74% |
| 5Y | 9.32% | 5.67% |
The fund has been far better than the benchmark over the recent 1-year and 3-month periods, while the benchmark has remained weak over the same windows. That matters because the fund’s latest stretch has not simply mirrored the index; it has added materially more upside in a period when the benchmark was negative over 1 year and 3 months.
The longer picture is still constructive. The 3-year return of 23.42% is well above the benchmark’s 5.74%, which tells us the fund has done more than just benefit from a short rally. At 5 years, the gap narrows: the fund’s 9.32% compares with 5.67% for the benchmark, so the advantage persists, but the margin is much smaller than it was over 1 year or 3 years.
The time pattern suggests a fund that has seen meaningful swings rather than a smooth climb. There were weaker patches in the shorter run, but the recovery has been strong enough to leave the 1-year and 3-year figures ahead of the benchmark. For investors, that means recent momentum is real, yet it sits on top of a history that still demands patience through volatility.
In our view, the fund’s recent behaviour and its 3-year profile point in the same direction, but the 5-year result is a reminder that the experience can vary with market conditions. The benchmark comparison also helps here: this scheme has not just outpaced the index in one isolated period, it has stayed ahead across all the displayed horizons, with the widest lead in the shorter windows.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Kotak Global Innovation 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 Global Innovation Overseas Equity Active FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Global Innovation Overseas Equity Active FOF Direct Growth Plan | 25.33% | 23.42% | 9.32% |
| 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 trails the stronger peer figures displayed here, especially the 45.84% and 42.32% readings, but it still stays comfortably positive. Over 3 years, it remains close to the better peer numbers and ahead of the 20.54% result in the table, which supports a solid medium-term profile. Over 5 years, the fund is lower than several peers, so the longer-term comparison is less compelling than the shorter-term one.
That mix tells a nuanced story: the fund has improved sharply in the recent period, yet peers have delivered stronger 1-year and, in several cases, stronger 5-year outcomes. So the short-term and long-term comparisons do not point in exactly the same direction. The fund looks more competitive on the 3-year lens than on the 1-year or 5-year lens, which is useful for investors focusing on medium-term consistency.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Wellington Global Innovation S Usd Acc | Overseas Mutual Fund Units | 77.56% |
| Geninnov Global Master Fund | Overseas Mutual Fund Units | 21.48% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 1.15% |
The portfolio is highly concentrated, with the largest holding alone at 77.56%. That means the scheme’s day-to-day movement is likely to be shaped most by one overseas underlying fund, with the second holding adding another 21.48% and leaving very little room for other positions.
The fall-off from the first holding to the third is sharp. There are only three disclosed holdings in total, so the structure is narrow rather than diversified across many individual positions. In practical terms, the fund may be more dependent on the behaviour of its core overseas fund allocations than a broader multi-holding portfolio would be.
Because the top three disclosed holdings add up to 100%, the visible portfolio is fully explained by a small set of positions. That concentration could help the fund express a focused overseas innovation theme, but it may also mean returns can shift more noticeably when those underlying exposures move in either direction.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who can handle High Risk exposure and are comfortable with overseas equity volatility. The 1-year and 3-year numbers show strong medium-term momentum, while the 5-year return is respectable rather than dramatic, so the profile suits someone with a longer horizon and tolerance for uneven performance.
The key trade-off is concentration versus access to a focused innovation-led global theme. The scheme has outpaced its benchmark across the displayed periods, but the portfolio is concentrated in a few holdings, which can amplify swings. In our view, it is better suited to investors who want thematic overseas exposure and can stay patient through periods of sharp variation.
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: 1% 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 Global Innovation Overseas Equity Active FOF Direct Growth Plan?
The current NAV is ₹15.6391 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 25.33% for 1 year, 23.42% for 3 years and 9.32% for 5 years.
How does this fund compare with its benchmark?
It has outperformed the benchmark across all displayed horizons. The gap is especially wide over 1 year and 3 months, where the benchmark has been negative while the fund stayed positive.
How does the fund compare with the displayed peer funds on recent returns?
Its 1-year return is lower than several peers in the table, while its 3-year result stays competitive and its 5-year figure is below some of the displayed peer funds. The short-term and long-term comparisons do not point in the same direction.
Is there a minimum SIP for this scheme?
No minimum SIP is listed for this scheme in the available fund details, so we do not present one here.
Who manages the fund and what is the exit load?
The fund is managed by Arjun Khanna. The exit load is 1% on or before 1 year and nil after 1 year.
Bottom line
Kotak Global Innovation Overseas Equity Active FOF Direct Growth Plan has shown a stronger recent run than its longer 5-year record alone would suggest, and it has stayed ahead of the benchmark across the displayed horizons. Its peer comparison is mixed: the short-term figure trails several peers, while the 3-year outcome remains competitive. The High Risk label and the concentrated portfolio mean the fund may move sharply, but that same focus can support a clearer thematic exposure for investors who can hold through volatility.
Published on 17 September 2026 at 10:59 AM 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.