Kotak Nifty 100 Equal Weight Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Plan currently has an NAV of ₹10.711 as of 15 Sep 2026 and an AUM of ₹48 Cr. Its 1-year, 3-year and 5-year returns are 0.8%, 0% and 0%, and the scheme sits in the High Risk category. Our view is that this is a straightforward index option for investors who want equal-weight exposure rather than a concentrated large-cap profile, but the near-term return record is still modest and the fund is young.
Because the scheme launched on 23 Dec 2024, the longer return periods are not yet meaningful in a traditional trailing sense. The current evidence suggests a fund that has been relatively resilient over the past year compared with its benchmark, while still carrying the volatility that comes with an equity index strategy.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.711 as of 15 Sep 2026 |
| AUM | ₹48 Cr |
| Expense Ratio | 0.22% |
| Launch Date | 23 Dec 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
The fund is managed by Satish Dondapati, Abhishek Bisen and Jeetu Valechha Sonar.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.51% | -4.81% |
| 3M | -2.24% | -3.63% |
| 1Y | 0.8% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The most useful read on the recent path is the contrast between the 1-month decline and the 3-month recovery. The fund fell over the latest month, but it was still less weak than the benchmark over three months and materially better over one year. That tells us the scheme has not been immune to pressure, yet it has held up better than the benchmark through the last year.
The one-year result is especially important because the fund is too new for a normal 3-year or 5-year trail. Even so, the pattern suggests a mildly choppy start rather than a smooth upward grind. The benchmark has been more fragile over the same one-year window, while the fund’s own path has shown a somewhat steadier finish to the year.
For investors, the key point is not that the fund has produced a high return; it has not. The point is that its relative behaviour versus the benchmark has been better over 1 year and 3 months, even though short-term volatility remains visible. That makes it a fund to assess on structure and fit, not on a long track record.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Kotak Nifty 100 Equal Weight Index?
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 Nifty 100 Equal Weight Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Nifty 100 Equal Weight Index Fund Direct Growth Plan | 0.8% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the return numbers available here, the fund trails the stronger peer set on a one-year basis by a wide margin. Its own 1-year return is positive but much lower than the higher-return peers shown, which means the recent outcome has been comparatively restrained. Where the picture differs is in relation to the benchmark, because the fund has done better than the benchmark over 1 year and 3 months even though the peer set includes much stronger absolute performers.
That creates a split reading: relative to its benchmark, the fund has been sturdier; relative to the listed peers, its recent return is far more subdued. Since 3-year and 5-year figures are not yet available for the current fund, longer-horizon peer comparisons cannot be made cleanly. For now, the table mainly shows that this is a newer index fund whose current-year result is modest against peers but still ahead of the benchmark path.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Divis Laboratories Ltd. | Healthcare | 1.38% |
| Eternal Limited | Retailing | 1.26% |
| Macrotech Developers Ltd | Realty | 1.26% |
| TVS Motor Company Ltd. | Automobile & Ancillaries | 1.25% |
| Bajaj Auto Ltd. | Automobile & Ancillaries | 1.23% |
| Bosch Limited | Automobile & Ancillaries | 1.23% |
| Larsen & Toubro Infotech Ltd | IT | 1.18% |
| HCL Technologies Ltd. | IT | 1.16% |
| Samvardhana Motherson International Ltd | Automobile & Ancillaries | 1.16% |
| Titan Company Ltd. | Diamond & Jewellery | 1.16% |
The largest holding is Divis Laboratories Ltd. at 1.38%, which is a small position in absolute terms. The drop from the first holding to the tenth is only 0.22 percentage points, so the visible top slice is tightly grouped rather than dominated by a single large position.
That pattern is consistent with an equal-weight style, where no one company can become too large too quickly. The top 10 holdings together account for 12.27% of the portfolio, while the full disclosed holding count is 100. On that basis, the portfolio is likely to spread influence across many names rather than let a few positions drive most of the outcome.
For investors, the useful takeaway is that the scheme may be less dependent on any one holding’s move than a concentrated active fund, but it still carries equity-market volatility because the underlying exposure remains entirely stock-based. The small gap between the biggest positions also suggests the visible leaders are fairly balanced within the top slice.
To see all holdings, visit the Kotak Nifty 100 Equal Weight Index Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and who can stay invested for a long enough horizon to absorb short-term swings. The recent return pattern is uneven, and the benchmark comparison shows that results can diverge noticeably over shorter windows. That means the scheme is better suited to investors who understand that an index strategy can still move sharply in the near term.
Its equal-weight structure may appeal to those who want broader participation across the underlying universe rather than a heavier tilt toward the largest names. The main trade-off is that this diversification style can look different from a conventional benchmark and may not always track the same short-term path. It is therefore best viewed as a long-horizon equity allocation rather than a short-term return play.
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: No exit load
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Kotak Nifty 100 Equal Weight Index Fund Direct Growth Plan?
The current NAV is ₹10.711 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 0.8%, while the 3-year and 5-year returns are Data not available.
How has the fund done versus Nifty 50?
It has done better than Nifty 50 over 1 year, with 0.8% versus -8.27%, and it has also been less weak over 3 months, with -2.24% versus -3.63%.
How does it compare with the peer funds listed here?
Its 1-year return is much lower than the stronger peer figures shown, but the current fund has still been ahead of the benchmark over the same period.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the fund’s risk level and exit load?
The scheme is in the High Risk category and has no exit load. It is managed by Satish Dondapati, Abhishek Bisen and Jeetu Valechha Sonar.
Bottom line
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Plan has a modest one-year return profile, but it has still held up better than its benchmark over the same period and over three months. Against the peer set shown, its recent return is clearly more subdued, while its own longer trail is still too short to read as a full cycle. The equal-weight portfolio design and 100 disclosed holdings suggest a broadly spread structure rather than concentration in a few names, which fits investors looking for diversified equity exposure with High Risk characteristics.
Published on 16 September 2026 at 9:17 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.