Kotak Active Momentum Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Kotak Active Momentum Fund Direct Growth Plan has a NAV of ₹10.798 as of 16 Sep 2026 and an AUM of ₹1,659 Cr. Its 1-year, 3-year and 5-year returns are 6.31%, Data not available and Data not available, and the fund sits in the High Risk category. Our view is that it suits investors who can tolerate sharp swings and want an actively positioned equity fund, but the short track record means the recent return pattern matters more than any long-term history here.

The fund’s portfolio is tilted toward individual stock ideas rather than a narrow index-style basket, with healthcare, automobiles, capital goods and metals among the visible holdings. That gives it the potential to behave differently from the benchmark, but it also means performance can vary materially from period to period.

Quick facts

Particular	Details
NAV	₹10.798 as of 16 Sep 2026
AUM	₹1,659 Cr
Expense Ratio	0.74%
Launch Date	20 Aug 2025
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
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	-5.17%	-4.41%
3M	1.87%	-3.60%
1Y	6.31%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent behaviour has been mixed. Over 1 month, the fund fell more than the benchmark, so the latest stretch has not been smooth. Over 3 months, it moved back into positive territory while the benchmark stayed negative, which points to some recovery in the more recent phase.

The 1-year figure is more encouraging because the fund stayed positive while the benchmark was negative over the same span. That said, the one-year path also shows intermittent drawdowns, so the return has not come from a straight upward run. This is consistent with a momentum-oriented equity strategy that may move sharply when market leadership changes.

Because the scheme was launched on 20 Aug 2025, 3-year and 5-year return figures are not available yet. That means the current read is heavily weighted toward the first year of performance, and we think investors should place more emphasis on the recent path and benchmark comparison than on any missing long-term history.

On balance, the fund appears to have handled the 1-year period better than the benchmark, but its latest 1-month dip shows that short-term volatility remains part of the story.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Kotak Active Momentum?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan	34.39%	Data not available	Data not available
HDFC Innovation Fund Direct Growth Plan	14.30%	Data not available	Data not available
Bajaj Finserv Small Cap Fund Direct Growth Plan	13.33%	Data not available	Data not available
Quant Equity Savings Fund Direct Growth Plan	8.75%	Data not available	Data not available
Kotak Active Momentum Fund Direct Growth Plan	6.31%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return trails several peer funds on the available figures, even though it has stayed positive. That tells us the recent run has been respectable rather than standout in this peer set.

For 3-year and 5-year views, the comparison is limited because the fund and the peer set shown here do not have usable long-term return figures. As a result, the short-term comparison carries most of the insight, and it points to a fund that has delivered gains but has not yet built a long enough record to judge through a full market cycle.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Laurus Labs Ltd	Healthcare	3.95%
Triparty Repo	Cash & Cash Equivalents and Net Assets	3.75%
Bharat Forge Ltd.	Automobile & Ancillaries	2.93%
National Aluminium Company Ltd.	Non – Ferrous Metals	2.71%
Sona BLW Precision Forgings Ltd	Automobile & Ancillaries	2.70%
Bharat Heavy Electricals Ltd.	Capital Goods	2.63%
Aurobindo Pharma Ltd.	Healthcare	2.61%
Apar Industries Ltd.	Capital Goods	2.59%
FSN E-Commerce Ventures Ltd.	Retailing	2.55%
TVS Motor Company Ltd.	Automobile & Ancillaries	2.55%

The top 10 holdings account for approximately 28.97% of the portfolio.

To see all holdings, visit the Kotak Active Momentum Fund Direct Growth Plan page

The largest visible holding, Laurus Labs Ltd, carries a weight of 3.95%, which is a moderate single-position exposure rather than an oversized one. The tenth holding, TVS Motor Company Ltd., is at 2.55%, so the fall from the top position to the tenth is fairly measured.

That pattern suggests the fund may be spreading its active bets across a cluster of mid-sized positions rather than relying on one dominant stock. The visible list spans healthcare, automobiles, capital goods, metals, retailing and cash, which may help performance behave differently across market conditions.

With 51 disclosed holdings and the top 10 accounting for 28.97%, the portfolio appears to have a longer tail beyond the names shown here. In our view, that points to a mix of concentration in selected ideas and diversification across a broader set of positions.

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who can accept High Risk exposure and are comfortable with a strategy that may move differently from the benchmark in both good and weak markets. The one-year record is positive, but the latest month was weak, so the ride can be uneven.

We think the better fit is a medium-to-long horizon investor who can wait through volatility and judge the scheme over more than a short stretch. The main trade-off is accepting short-term swings and an incomplete long-term record in exchange for the possibility of differentiated equity returns.

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 90 days, nil after 90 days.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Kotak Active Momentum Fund Direct Growth Plan?

The current NAV is ₹10.798 as of 16 Sep 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 6.31%, while the 3-year and 5-year returns are Data not available.

How has the fund performed versus the benchmark?

It has outperformed the benchmark over 3 months and 1 year, but it lagged the benchmark over 1 month.

How does it compare with the peer funds shown here?

Its 1-year return is below the higher-return peer figures shown, although it remains positive. The longer-term comparison is limited because usable 3-year and 5-year figures are not available for this set.

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 90 days and nil after 90 days.

Bottom line

Kotak Active Momentum Fund Direct Growth Plan has shown a positive 1-year return, but its latest month was weak and its long-term record is not yet available. Against the benchmark, it looks better over 3 months and 1 year, while the peer set shown here includes several higher 1-year returns. The fund carries High Risk and uses a portfolio of multiple mid-sized positions across several sectors, which may support differentiation but also adds volatility. It is most relevant for investors who want an actively managed equity approach and can stay patient through uneven stretches.

Published on 17 September 2026 at 10:19 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.