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

Kotak Long Term Fund Direct Growth Plan currently has a NAV of ₹11.1904 as of 17 Sep 2026 and a scheme AUM of ₹57 Cr. Its 1-year, 3-year and 5-year returns are 2.36%, Data not available and Data not available, and the risk category is Medium Risk.

Our view is that this is a conservative debt-oriented option with modest recent gains and a portfolio dominated by government securities and cash-like exposure. The return profile looks uneven over the shorter windows, so the fund appears better suited to investors who value lower volatility and can accept subdued return expectations rather than those chasing aggressive growth.

Quick facts

Particular	Details
NAV	₹11.1904 as of 17 Sep 2026
AUM	₹57 Cr
Expense Ratio	0.34%
Launch Date	11 Mar 2024
Min SIP	₹100
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Abhishek Bisen

The fund is managed by Abhishek Bisen.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.19%	-3.66%
3M	0.32%	-3.71%
1Y	2.36%	-7.13%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent behaviour has been mixed, but the fund has stayed ahead of the benchmark across every available window. The 1-month figure is slightly negative, yet it still compares favourably with the benchmark’s deeper fall in the same period. That matters because it suggests the fund has been more defensive than the index during a weak stretch.

The 3-month return is positive while the benchmark remains negative, so the fund has recovered faster over the quarter than the index. The 1-year figure is also positive against a clearly negative benchmark year, which points to steadier relative outcomes rather than outright high absolute gains. In our view, that is consistent with a debt scheme that is designed to limit swings rather than chase sharp upside.

The pattern visible across the time horizon is not one of smooth compounding, but of resilience through choppy periods. The longer view is limited because 3-year and 5-year return figures are not available here, so we would avoid reading too much into longer-term strength. What can be said with confidence is that the fund has behaved better than the benchmark in the periods that are available.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Kotak Long Term?

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 Long Term Fund Direct Growth Plan	2.36%	Data not available	Data not available
Franklin India Long Term Fund Direct Growth Plan	4.06%	Data not available	Data not available
Bandhan Long Term Fund Direct Growth Plan	3.86%	Data not available	Data not available
Aditya Birla SL Long Term Fund Direct Growth Plan	3.18%	6.5%	Data not available
ICICI Pru Long Term Fund Direct Growth Plan	2.5%	6.38%	5.25%
SBI Long Term Fund Direct Growth Plan	2.43%	6.04%	Data not available

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

On the 1-year view, this fund trails the stronger peer readings available in the table, especially Franklin India Long Term Fund Direct Growth Plan and Bandhan Long Term Fund Direct Growth Plan. It is closer to the lower end of the available 1-year set, though the gap to SBI Long Term Fund Direct Growth Plan is small.

The longer-horizon comparison is harder to read because several peers do not have usable 3-year or 5-year figures here. Where those figures are available, the current fund cannot yet match them, but that should be interpreted cautiously because its own longer-horizon numbers are also unavailable. Short-term and longer-term peer comparisons therefore tell different stories: the short window is fully visible and somewhat softer, while the longer window is incomplete for multiple funds.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
6.48% Central Government – 2035(^)	Government Securities	16.79%
7.24% Central Government – 2055	Government Securities	16.65%
GS CG 06/11/2037 – (Strips)	Government Securities	16.15%
Triparty Repo	Cash & Cash Equivalents and Net Assets	15.39%
GS CG 25/05/2038 – (Strips)	Government Securities	11.59%
GS CG 25/11/2038 – (Strips)	Government Securities	11.17%
GS CG 22/10/2038 – (Strips)	Government Securities	7.41%
GS CG 22/10/2041 – (Strips)	Government Securities	2.95%
Net Current Assets/(Liabilities)	Cash & Cash Equivalents and Net Assets	1.02%
SBI Alternative Investment Fund	Alternative Investment Fund	0.88%

The largest holding is 6.48% Central Government – 2035(^) at 16.79%, which is sizeable but not extreme for a debt portfolio built around sovereign exposure. The weight then stays fairly close through the next few positions before stepping down toward the bottom of the list, where the tenth holding is just 0.88%.

This pattern suggests the portfolio is led by a cluster of large government-backed positions rather than by one dominant line item. The spread between the first and tenth holding is wide, so the top of the portfolio is clearly more influential than the tail. At the same time, the difference between the first several holdings is not dramatic, which can soften concentration risk within the core book.

The disclosed holdings account for 100% of the portfolio across 10 rows, so the visible book is fully covered by the table above. That means the fund’s current structure is easy to read: it is heavily tilted toward government securities and cash-like instruments, with a small allocation to an alternative investment fund. In our view, that mix may support stability, but it also points to more measured return potential.

Source data date: as of 17 Sep 2026

Who should invest

This fund is better aligned with investors who are comfortable with Medium Risk rather than those expecting equity-style upside. The recent return pattern is modest, but it has held up better than the benchmark across the available 1-month, 3-month and 1-year periods, which suits investors who want steadier relative behaviour.

The main trade-off is that this stability comes with limited visible long-term return evidence in the numbers available here. That makes the fund more appropriate for a medium-to-long horizon investor who wants a debt-oriented allocation and can accept moderate returns in exchange for lower volatility and a government-security-heavy portfolio.

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 17 Sep 2026

Frequently asked questions

What is the current NAV of Kotak Long Term Fund Direct Growth Plan?

The current NAV is ₹11.1904 as of 17 Sep 2026.

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

The 1-year return is 2.36%. The 3-year and 5-year returns are Data not available.

How has the fund performed against the benchmark?

It has outperformed the benchmark in the available 1-month, 3-month and 1-year periods. The benchmark returns are -3.66%, -3.71% and -7.13% for those windows, while the fund is less negative or positive in each case.

How does the fund compare with peer funds on 1-year return?

Its 1-year return of 2.36% is below several peers in the table, including Franklin India Long Term Fund Direct Growth Plan at 4.06% and Bandhan Long Term Fund Direct Growth Plan at 3.86%. It is close to SBI Long Term Fund Direct Growth Plan at 2.43%.

Is there a minimum SIP amount?

The minimum SIP amount is ₹100.

What kind of portfolio and risk profile does this fund have?

The fund is marked Medium Risk and its portfolio is dominated by government securities, triparty repo and other cash-like exposures. It is managed by Abhishek Bisen, and the exit load is nil.

Bottom line

Kotak Long Term Fund Direct Growth Plan has shown better recent resilience than its benchmark, but its visible return record is still modest and the longer-horizon figures are not available here. Against peers, the 1-year number looks softer than several comparable funds, so the case for it is more about portfolio style than standout performance. The heavy tilt toward government securities and cash-like holdings supports a steadier profile, which may suit investors seeking a debt allocation with measured volatility rather than strong return expectations.

Published on 18 September 2026 at 1:05 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.