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

Kotak Dividend Yield Fund Direct Growth Plan currently has a NAV of ₹9.425 as of 16 Sep 2026 and an AUM of ₹239 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund is tagged as High Risk. Our view is that this looks like a newly launched equity strategy with a concentrated large-cap lean, so the key question is less about long-term track record and more about whether an investor is comfortable with a high-risk style while the scheme builds history.

The fund sits against the NIFTY 50 benchmark, but its return record is still too short to build a full long-term judgement. With a portfolio led by banks, industrials, telecom and healthcare names, it may suit investors who want an equity dividend-yield approach and can stay patient through early-stage price swings.

Quick facts

Particular	Details
NAV	₹9.425 as of 16 Sep 2026
AUM	₹239 Cr
Expense Ratio	0.0%
Launch Date	27 Jan 2026
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of investments and 1% for remaining investments on or before 1Y, Nil after 1Y
Fund Managers	Shibani Kurian, Abhishek Bisen

The fund is managed by Shibani Kurian and Abhishek Bisen.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.9%	-4.41%
3M	-2.57%	-3.6%
1Y	0%	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is weak, but not uniformly so. Over 1 month, the fund has fallen slightly more than the benchmark, which tells us the last stretch of trading has been somewhat tougher for the scheme than for the index. Over 3 months, the picture improves because the fund has declined less than the benchmark, suggesting it held up better through the same market window.

The larger point is that the fund has only been live since January 2026, so there is no genuine multi-year return history yet. That makes the 3-month comparison more useful than any long-horizon read-through at this stage. For now, the fund appears to be moving in line with a volatile equity environment rather than showing a clearly separate performance pattern.

Because the 1-year, 3-year and 5-year figures are all shown as 0% in the current record, we do not treat that as a meaningful long-term track record. Instead, our view is that investors should focus on how the fund behaves relative to NIFTY 50 over shorter periods until a real history builds up.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Kotak Dividend Yield?

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
Kotak Dividend Yield Fund Direct Growth Plan	0%	0%	0%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available return figures, there is no meaningful peer spread to compare against, so the more useful lens is the fund’s short-term behaviour versus its benchmark. The recent 1-month result trails the benchmark a little, while the 3-month figure is better than the benchmark. That split suggests the fund has not followed one single direction over the short window we can observe.

Since no comparable multi-year peer return data is available here, the current fund’s early record should be read as a developing one rather than a completed performance story. The short-term comparison points to a scheme that may be handling some periods better than the index and some a little worse, which is consistent with an early-stage equity fund.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	6.2%
HDFC Bank Ltd.	Bank	4.66%
Reliance Industries Ltd.	Crude Oil	3.21%
State Bank of India.	Bank	3.17%
Larsen and Toubro Ltd.	Infrastructure	3.11%
Bharti Airtel Ltd.	Telecom	3.08%
Solar Industries India Limited	Chemicals	3.07%
Sun Pharmaceutical Industries Ltd.	Healthcare	2.7%
Max Healthcare Institute Ltd.	Healthcare	2.59%
Indusind Bank Ltd.	Bank	2.57%

The largest holding, ICICI Bank Ltd., is 6.2%, which is sizeable but not extreme for a focused equity portfolio. The tenth holding is 2.57%, so the weights taper down steadily rather than dropping off sharply after the top name. That kind of spread suggests the fund may not rely on a single stock for most of its behaviour.

The top 10 holdings together account for approximately 34.36% of the portfolio, and the scheme has 51 disclosed holdings in total. That combination points to a portfolio that is fairly spread out beyond the very largest positions, even though banks take a visible share of the top list. The larger tail may help soften single-stock dependence, but the top names still look likely to have greater influence on short-term movement.

To see all holdings, visit the Kotak Dividend Yield Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can stay invested for a longer horizon. The short-term record is mixed versus NIFTY 50, and the absence of a meaningful multi-year history means the fund is still proving its style in live markets.

The main trade-off is between the possibility of participation in an equity dividend-yield strategy and the uncertainty that comes with a young scheme. Investors who want a developed long-term record may prefer to wait, while those who can tolerate early-stage volatility and want a portfolio led by large, established businesses may find the setup relevant.

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

Nil upto 10% of investments and 1% for remaining investments on or before 1Y, Nil after 1Y.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Kotak Dividend Yield Fund Direct Growth Plan?

The current NAV is ₹9.425 as of 16 Sep 2026.

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

The 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund performed versus NIFTY 50 recently?

It has underperformed the benchmark over 1 month, but it has done better than the benchmark over 3 months.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund?

The fund is managed by Shibani Kurian and Abhishek Bisen.

What is the exit load?

The exit load is nil on up to 10% of investments and 1% on the remaining investments if units are sold on or before 1 year, and nil after 1 year.

Bottom line

Kotak Dividend Yield Fund Direct Growth Plan is still too new for a full long-term judgement, but its early behaviour is already informative. Recent results are mixed against NIFTY 50, with one month softer and three months relatively better. The portfolio is led by large financial and industrial names, and the top holdings are meaningfully spread rather than dominated by a single stock. For investors comfortable with High Risk equity exposure and a developing track record, the fund may be worth watching as history builds.

Published on 17 September 2026 at 2:07 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.