Kotak Nifty500 Momentum 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Nifty500 Momentum 50 Index Fund Direct Growth Plan has a NAV of ₹10.019 as of 16 Sep 2026 and scheme AUM of ₹26 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a new index strategy with very limited history, so the more important question is whether investors want a momentum-led equity exposure rather than a mature performance record.
It is a direct-growth index fund with a very low expense ratio of 0.0%, no exit load, and a portfolio built around 41 holdings. That mix can appeal to investors who understand equity volatility and are comfortable with a strategy that may behave differently from broad market benchmarks over shorter periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.019 as of 16 Sep 2026 |
| AUM | ₹26 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 11 Dec 2025 |
| 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 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.44% | -4.41% |
| 3M | -1.81% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern has been choppy but slightly better than the benchmark over the periods that are available. In the 1-month and 3-month windows, the fund fell, yet it declined less than the benchmark, which tells us it has held up a little better in the latest stretch.
That relative edge matters more here than the absolute numbers, because this scheme launched only on 11 Dec 2025. The available history is still short, so we would treat the recent pattern as an early read rather than a full cycle test.
The daily path also suggests the fund has moved through several small swings rather than a one-way trend. For investors, that is consistent with a momentum-oriented equity index strategy: it can track market phases closely, but it may still feel uneven when short-term sentiment turns.
Against the Nifty 50, the fund is ahead in both available windows, but the gap is not large enough to imply a decisive structural outperformance. Our read is that it has been somewhat less weak than the benchmark during a soft patch, while the longer record is simply not yet long enough to anchor stronger conclusions.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Kotak Nifty500 Momentum 50 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 Nifty500 Momentum 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Nifty500 Momentum 50 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The comparison set shows far stronger one-year numbers in other index strategies, while this fund does not yet have a completed return history to compare on the same footing. That makes the peer table useful mainly as a reminder that the scheme is very early in its life and its own record is still incomplete.
Where longer data is available for peers, the spread is wide enough to show how differently index themes can behave. The current fund’s recent short-term edge over the benchmark is helpful, but it is not yet enough to place it in the same conversation as peers that have a fuller multi-year record.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Multi Commodity Exchange of India Limited | Finance | 5.75% |
| Laurus Labs Ltd | Healthcare | 5.67% |
| Shriram Finance Limited | Finance | 5.23% |
| Hindalco Industries Ltd. | Non – Ferrous Metals | 4.99% |
| Cummins India Ltd. | Automobile & Ancillaries | 4.41% |
| Ge Vernova T&D India Limited | Capital Goods | 4.22% |
| Adani Power Ltd | Power | 4.14% |
| BSE Ltd | Finance | 4.05% |
| Federal Bank Ltd. | Bank | 3.78% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 3.48% |
The largest holding is Multi Commodity Exchange of India Limited at 5.75%, so no single position dominates the fund in isolation. The tenth holding is still 3.48%, which means the top end of the portfolio tapers down gradually rather than dropping sharply after the first few names.
The top 10 holdings account for approximately 45.72% of the portfolio, and the fund has 41 disclosed holdings in total. That combination suggests a meaningful core position set with a long tail behind it, so a handful of names may still have greater influence on short-term movement even though the portfolio is not concentrated in just one or two stocks.
To see all holdings, visit the Kotak Nifty500 Momentum 50 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and can stay invested through short-term swings. The current record is too short to judge it on a full market cycle, so the cleaner signal is that it has moved in line with an equity strategy that can be uneven in the near term.
The more suitable horizon is long term, because a new momentum-style index fund may need time before its pattern becomes easier to assess. The key trade-off is straightforward: investors get a low-cost, rules-based equity portfolio, but they must accept that recent returns can diverge from the benchmark and that the fund’s own history is still limited.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of Kotak Nifty500 Momentum 50 Index Fund Direct Growth Plan?
The current NAV is ₹10.019 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are not available yet in a completed multi-year sense. The available short-term figures are -3.44% for 1 month and -1.81% for 3 months.
How does the fund compare with the Nifty 50?
The fund has been slightly better than the Nifty 50 in the available short-term windows. It fell less than the benchmark over 1 month and 3 months, but the history is still too short for a firm long-term judgment.
How does it compare with peer funds on available returns?
Peer funds with longer records show much stronger one-year numbers, while this fund does not yet have a completed return history to compare on the same basis. That makes the comparison more informative about theme differences than about a settled track record.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹100.
What is the risk, portfolio style and exit load?
The fund is marked High Risk and its portfolio is spread across 41 holdings, with the top 10 accounting for about 45.72%. It has no exit load, and the fund managers are Satish Dondapati, Abhishek Bisen and Jeetu Valechha Sonar.
Bottom line
Kotak Nifty500 Momentum 50 Index Fund Direct Growth Plan is still in its early stage, so the latest short-term pattern matters more than any long record. It has been a little less weak than the Nifty 50 in the available windows, but peer funds with longer histories show far stronger one-year figures. The portfolio is not dominated by one stock, yet the top holdings still matter meaningfully. Our view is that it fits investors who want a low-cost, High Risk, rules-based equity exposure and can tolerate an incomplete track record.
Published on 17 September 2026 at 1:08 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.