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

Kotak Technology Fund Direct Growth Plan has a NAV of ₹10.525 as of 16 Sep 2026 and a scheme AUM of ₹532 Cr. Its 1-year, 3-year and 5-year returns are -9.12%, 0% and 0%, respectively, and the fund sits in the High Risk category. Our view is that this is a high-volatility thematic equity fund whose near-term record remains weak, while the limited live history means the longer horizon figures are not yet meaningful for a full-cycle judgement.

For investors, the key question is not just whether the fund can recover, but whether they are comfortable with concentrated sector exposure and benchmark divergence. The portfolio is still heavily tilted toward a small set of holdings, so the fund may move differently from a broad market equity allocation.

Quick facts

Particular	Details
NAV	₹10.525 as of 16 Sep 2026
AUM	₹532 Cr
Expense Ratio	0.92%
Launch Date	04 Mar 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 30D, Nil after 30D
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	-2.08%	-3.66%
3M	5.9%	-3.71%
1Y	-9.12%	-7.13%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The 1-month and 3-month pattern is choppy but better than the benchmark over the same windows, especially in the 3-month period where the fund turned positive while the benchmark remained weak. That suggests the strategy can behave differently from a plain market proxy, which is typical for a focused technology-led portfolio.

The 1-year figure is still negative, though it is less severe than the broad market benchmark over the same period. Even so, a negative 1-year return after a short life indicates the fund has not yet established a stable public track record through a full cycle. For a thematic equity scheme, that matters more than any single short burst of outperformance.

The daily pattern across the recent windows suggests a fund that has had brief recovery phases but has not yet shown smooth compounding. The benchmark comparison is also important: the fund has recently held up better in the short run, but the 1-year result still leaves it behind the broader market on an absolute basis. In our view, that mix points to tactical interest rather than a steady core holding.

The longer horizon fields are not yet available in a meaningful way, so we would avoid reading too much into them. The real signal is that recent resilience has not been enough to offset the weaker 1-year outcome.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Kotak Technology?

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 Technology? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Kotak Technology Fund Direct Growth Plan	-9.12%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	25.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	24.51%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	22.75%	Data not available	Data not available

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

On recent numbers, the fund trails the stronger peer return figures by a wide margin, even though some peers also have limited longer-duration availability. That makes the short-term comparison uncomfortable for this scheme, because the current fund is negative where the peers shown are strongly positive over 1 year.

The 3-year and 5-year fields do not give a direct long-run comparison against most peers, but the one available 3-year peer figure is materially stronger than the current fund’s available history. So the peer set paints a mixed picture: the fund has shown some short-run resilience versus the benchmark, yet it still looks much weaker than the better-performing thematic and sector funds in the list when judged on the returns that are available.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Infosys Ltd.	IT	16.51%
Bharti Airtel Ltd.	Telecom	11.93%
Tech Mahindra Ltd.	IT	7.59%
Eternal Limited	Retailing	6.98%
Coforge Limited	IT	4.65%
Persistent Systems Limited	IT	4.39%
Mphasis Ltd	IT	4.14%
Lenskart Solutions Limited	Domestic Equities	3.68%
Bharti Hexacom Ltd.	Telecom	3.64%
Dixon Technologies India Ltd	Consumer Durables	3.26%

The top 10 holdings account for approximately 66.77% of the portfolio.

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

The largest holding, Infosys Ltd. at 16.51%, is meaningfully larger than every other position in the visible list. That size gives it greater influence on the fund’s day-to-day movement than the smaller individual holdings below it.

The drop from the first holding to the tenth is steep: the tenth position, Dixon Technologies India Ltd at 3.26%, is only a fraction of the largest weight. That gap suggests the portfolio is not evenly balanced across the visible names and may depend more on a handful of core positions.

At 66.77% across the top 10 holdings, the fund appears fairly concentrated in its disclosed major positions, even though it still holds 26 names in total. In our view, that mix may create sharper performance swings than a more widely spread diversified equity fund, while also giving selected holdings a stronger role in the outcome.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with a strategy that may behave differently from the Nifty 50. The recent 1-year result is negative, while the shorter 3-month period improved, so the path has not been smooth.

It is better suited to a longer horizon and to investors who understand that sector-focused equity funds can underperform the broader market for stretches. The main trade-off is between the possibility of sharper upside if the theme works and the chance of deeper drawdowns when the theme falls out of favour. A portfolio tilted toward a few large positions makes that trade-off more pronounced.

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% if units are sold on or before 30 days; no exit load after 30 days.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Kotak Technology Fund Direct Growth Plan?
The current NAV is ₹10.525 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -9.12%, while the 3-year and 5-year returns are 0% in the available record.

How has it compared with the benchmark recently?
It has done better than the Nifty 50 over 1 month and 3 months, but the 1-year return is still weaker than the benchmark.

How does it compare with the peer funds listed here?
The fund’s recent 1-year return is far below the stronger peer return figures shown, while its shorter-term movement has been more resilient than the benchmark.

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 Shibani Kurian and Abhishek Bisen. The exit load is 0.50% if units are sold on or before 30 days, and nil after 30 days.

Bottom line

Kotak Technology Fund Direct Growth Plan has shown a mixed short-term pattern: the latest 3-month performance is positive, but the 1-year return remains negative and below the benchmark. The available peer figures are much stronger, which makes the fund look softer on recent return data. Its High Risk label and concentrated holdings mean it is best viewed as a themed equity exposure rather than a stable core allocation. For investors who accept that trade-off, the fund may be worth watching; for conservative investors, the volatility profile is likely to matter more than the recent bounce.

Published on 18 September 2026 at 12:44 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.