Kotak NIFTY 100 Low Volatility 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Kotak NIFTY 100 Low Volatility 30 Index Fund Direct Growth Plan had a NAV of ₹10.5795 as of 10 Sep 2026 and a scheme AUM of ₹115 Cr. Its 1-year, 3-year and 5-year returns are -4.87%, 0% and 0%, and the scheme sits in the High Risk bucket. Our view is that this is a narrow-fit index option for investors who want a rules-based equity sleeve and can accept uneven short-term behaviour.

The fund tracks a low-volatility segment of the NIFTY 100 universe, but the recent return pattern still shows short-term pressure. With only a little over a year of track record since launch on 07 Jun 2024, it is better read as a new index strategy than a long-established core holding.

Quick facts

Particular	Details
NAV	₹10.5795 as of 10 Sep 2026
AUM	₹115 Cr
Expense Ratio	0.31%
Launch Date	07 Jun 2024
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 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.33%	-4.06%
3M	2.17%	1.37%
1Y	-4.87%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent path has been choppy. Over the last month, the fund fell more than the benchmark, which tells us the low-volatility screen did not fully shield it from a weak stretch. Over three months, the fund recovered faster than the benchmark, so the short-term bounce has been stronger than the broader index.

Over one year, the comparison is more constructive. The fund is still negative, but it has held up better than the benchmark by a clear margin. That matters because the strategy is meant to soften the blow in difficult markets, and the one-year figure suggests that it has done that more effectively than the Nifty 50 reference over this stretch.

The time pattern also matters. The series shows an early setback, a rebound, and then a renewed weakening into the latest readings. That tells us the fund has not yet settled into a smooth compounding profile, which is important for investors expecting a calmer equity ride. The shorter periods look better than the one-year result, but the overall return record is still young and uneven.

On balance, the benchmark comparison favours the fund across the one-year window, while the very recent month remains weak. For our view, that mix points to a strategy that can behave differently from the broad market, but not one that has yet earned a long, steady track record.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Kotak NIFTY 100 Low Volatility 30 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Kotak NIFTY 100 Low Volatility 30 Index Fund Direct Growth Plan	-4.87%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	33.08%	30.07%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.95%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.94%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	24.33%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	23.74%	Data not available	Data not available

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

Against the listed peer set, the fund’s one-year return is clearly weaker, while several peers have posted strong gains over the same period. The short-term gap is wide enough that the fund does not yet look competitive on the latest trailing year.

The longer comparison is harder to extend because 3-year and 5-year figures are not available for the fund, which limits a deeper peer read. Among peers with a 3-year history shown, the available figures are strongly positive, so the fund’s current long-term visibility is much thinner than theirs. That leaves the peer story split: the fund is not showing momentum on the latest year, and it also lacks the longer record that some peers already have.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	3.96%
SBI Life Insurance Company Ltd	Insurance	3.77%
Sun Pharmaceutical Industries Ltd.	Healthcare	3.73%
Bajaj Auto Ltd.	Automobile & Ancillaries	3.7%
Bharti Airtel Ltd.	Telecom	3.7%
Nestle India Ltd.	FMCG	3.7%
NTPC Ltd	Power	3.66%
Apollo Hospitals Enterprise Ltd.	Healthcare	3.65%
Bajaj Finserv Ltd.	Finance	3.53%
Tata Consultancy Services Ltd.	IT	3.52%

The top 10 holdings account for approximately 36.92% of the portfolio.

To see all holdings, visit the Kotak NIFTY 100 Low Volatility 30 Index Fund Direct Growth Plan page

ICICI Bank Ltd. is the largest disclosed holding at 3.96%, and the rest of the top names sit close together rather than tapering sharply. The tenth holding is at 3.52%, so the gap between the first and tenth is only 0.44 percentage points. That kind of spread suggests the visible sleeve is relatively balanced at the top, even though no single position dominates the list.

Because the top 10 make up 36.92% of the portfolio and the scheme discloses 30 holdings in total, the fund appears to spread capital across a fairly long tail beyond the leading positions. That may reduce dependence on any one stock, while still allowing several large holdings to have greater influence on returns.

As an index fund, the portfolio does not look concentrated in one or two outliers from the disclosed list. Instead, the weights cluster tightly around the mid-3% range, which could make the fund’s performance more dependent on the broader behaviour of many constituents than on a single holding.

Source data date: as of 10 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate equity-style volatility and who understand that a low-volatility screen does not mean a low-risk product. The High Risk label, combined with the weak one-year return and the short track record, makes it more suitable for investors with a medium-to-long horizon rather than anyone looking for near-term stability.

The main trade-off is simple: you get a rules-based equity strategy with a relatively modest expense ratio and a diversified holding list, but you must accept that recent returns have been uneven. Investors who want a broad-market or factor-based satellite allocation may find it useful, while those seeking a proven long-term compounding history may want to wait for a longer record.

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 10 Sep 2026

Frequently asked questions

What is the current NAV of Kotak NIFTY 100 Low Volatility 30 Index Fund Direct Growth Plan?

The current NAV is ₹10.5795 as of 10 Sep 2026.

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

The 1-year return is -4.87%, while the 3-year and 5-year returns are both 0 in the available record and are shown as Data not available for long-history comparison.

How does the fund compare with the benchmark?

Over 1 year, the fund has done better than the Nifty 50 benchmark, which is at -7.31%. Over 3 months, it is also ahead of the benchmark, while the latest 1-month reading is weaker.

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

The fund’s 1-year return is -4.87%, while the listed peers have much stronger 1-year figures such as 33.08%, 26.95%, 26.94%, 24.33% and 23.74%.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Satish Dondapati, Abhishek Bisen and Jeetu Valechha Sonar. The scheme has no exit load.

Bottom line

This fund’s short-term picture is mixed: the latest month is weak, the 3-month number has improved, and the 1-year result is better than the benchmark even though it remains negative. Compared with the listed peers, the one-year figure is much softer, and the fund also lacks longer-history figures that some peers already show. The portfolio is fairly evenly spread across its leading holdings, which may appeal to investors who want a rules-based equity exposure, but the short record means it is still an early read rather than a settled long-term story.

Published on 11 September 2026 at 1:46 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.