Kotak Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Services Fund Direct Growth Plan currently has a NAV of ₹10.284 as of 16 Sep 2026 and an AUM of ₹756 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 still a very early-stage equity strategy with limited return history, so the main lens is the portfolio and short-term price behaviour rather than a long record. The portfolio is tilted toward financials and large individual positions, which can make outcomes more sensitive to stock-specific moves.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.284 as of 16 Sep 2026 |
| AUM | ₹756 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 25 Feb 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.50% on or before 90D, Nil after 90D |
| Fund Managers | Rohit Tandon, Abhishek Bisen |
The fund is managed by Rohit Tandon and Abhishek Bisen.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.93% | -4.41% |
| 3M | 0.16% | -3.60% |
| 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 is mixed but not weak relative to the benchmark. Over 1 month, the fund fell less than the Nifty 50, and over 3 months it held a small positive return while the benchmark remained negative. That tells us the strategy has been steadier than the index in the recent period, even though the 1-month path was choppy.
The time pattern also suggests an early fund that has not yet built a long compounding history. There is no usable 1-year, 3-year or 5-year trailing return record here, so our read is necessarily limited to the recent window. In that window, the fund has shown the ability to avoid some of the benchmark’s downside, which is a useful sign, but it is not enough to judge durability.
Compared with the benchmark, the fund is ahead in both available short horizons. The gap is larger over 3 months than over 1 month, which hints that the portfolio has weathered the recent market patch better than the index. For now, that relative resilience matters more than any long-term conclusion because the scheme does not yet have a mature trailing-return record.
The main takeaway is that the fund has started life with a reasonably contained short-term drawdown pattern versus Nifty 50, but investors still need to treat it as an emerging track record. A stronger view on consistency will only emerge once the fund accumulates more time in market cycles.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Kotak Services?
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 Services? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
There is no meaningful long-horizon peer comparison to draw from here because the available peer set in this view is limited to the same scheme. That means the comparison is essentially a self-check on the fund’s own return history rather than a broader relative screen.
On the short-term side, the fund’s recent return pattern is more informative than its absent longer-term figures. Because the peer view does not add another return profile, the practical message is that the fund has shown some resilience versus the benchmark in recent months, but there is no peer spread available to judge whether that advantage is unique or typical.
For an investor, the key point is that the absence of a broader peer table keeps the emphasis on the fund’s own build-out. At this stage, the limited return history matters more than comparison language, and any assessment should remain cautious until more periods become available.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd. | Bank | 11.21% |
| State Bank of India. | Bank | 9.61% |
| Axis Bank Ltd. | Bank | 8.66% |
| Bharti Airtel Ltd. | Telecom | 7.46% |
| Titan Company Ltd. | Diamond & Jewellery | 5.22% |
| HDFC Bank Ltd. | Bank | 4.90% |
| Power Grid Corporation of India Ltd. | Power | 4.78% |
| PNB Housing Finance Ltd. | Finance | 4.31% |
| Infosys Ltd. | IT | 4.01% |
| Bajaj Finance Ltd. | Finance | 3.72% |
The top 10 holdings account for approximately 63.88% of the portfolio.
To see all holdings, visit the Kotak Services Fund Direct Growth Plan page
The largest holding, ICICI Bank Ltd., is 11.21%, so a single large financial position may have a noticeable effect on near-term performance. The next few holdings remain fairly sizeable as well, which suggests the fund is not built around one isolated idea alone.
Weight then tapers gradually rather than collapsing sharply: the tenth holding still stands at 3.72%. That pattern suggests the portfolio is concentrated in a handful of positions, but the spread across ten holdings also gives it some breadth beyond the biggest names.
With 35 disclosed holdings and 63.88% of assets in the top 10, the fund may be more influenced by its larger positions than by the long tail. That concentration can help if the biggest holdings move well, but it can also leave outcomes more exposed to stock-specific swings.
Source data date: as of 16 Sep 2026
Who should invest
This fund is better suited to investors who can handle High Risk exposure and are comfortable with an equity portfolio that has started with a short track record. The recent return pattern has been steadier than the benchmark over the available short windows, but there is still no meaningful long-horizon record to lean on.
It fits a longer investment horizon rather than a short holding period, because the strategy needs time for its portfolio decisions to show through. The main trade-off is that the concentrated top holdings may support stronger upside if the larger positions do well, but they can also make results more uneven if those names struggle.
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: 0.50% on or before 90D, Nil after 90D.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Kotak Services Fund Direct Growth Plan?
The current NAV is ₹10.284 as of 16 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available.
How has the fund done versus Nifty 50 recently?
It has been ahead of Nifty 50 in the available short windows, with -2.93% versus -4.41% over 1 month and 0.16% versus -3.60% over 3 months.
Is there enough peer return data for a wider comparison?
No broader peer return comparison is available in this view, so the practical comparison is limited.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Rohit Tandon and Abhishek Bisen. The exit load is 0.50% on or before 90D, and nil after 90D.
Bottom line
Kotak Services Fund Direct Growth Plan is still building its history, so the most useful signals come from its short-term behaviour and portfolio makeup rather than long-run returns. It has been more resilient than the benchmark in the available recent periods, but there is no mature trailing record yet. The portfolio is meaningfully concentrated in a few large holdings, especially financial names, which can support outcomes but also increase stock-specific sensitivity. That makes it a better fit for investors with a longer horizon and a higher comfort with uncertainty.
Published on 17 September 2026 at 2:45 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.