Kotak Banking and PSU Debt Fund

Q: What are the returns of this mutual fund scheme?

The Kotak Banking and PSU Debt Fund is a 27 yrs 1 m old fund and has delivered average annual returns of 7.29% since inception. Kotak Banking and PSU Debt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.89% 7.31% 6.1% 7.34% 7.29%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹67.3656-0.03% 1 day change	7.29% p.a.	App exclusive #NA View Ranked Funds	₹5,608 Cr

Historical NAV & returns

NAV: ₹67.3656 as on Feb 02, 2026

This fund Category average

Kotak Banking and PSU Debt Fund overview

AUM (Fund size)	₹5,608 Cr
Exit load	0%
Lock-in Period	Nil
Age	27 yrs 1 m since Dec 11, 1998
Benchmark	CRISIL Banking and PSU Debt A-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.75% as on Feb 01, 2026
Plan type	Regular
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Kotak Banking and PSU Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-0.01%	0.0%
3 Months	0.73%	0.53%
6 Months	1.93%	1.68%
1 Year	6.89%	6.56%
2 Years	7.35%	7.17%
3 Years	7.31%	7.14%
4 Years	6.53%	6.33%
5 Years	6.1%	5.84%
7 Years	7.22%	6.83%
10 Years	7.34%	6.98%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 70.1%

SOV 17.39%

Cash & Call Money 6.94%

A1+ 2.64%

Top Debt Holdings

HDFC Bank Ltd. 10.01%

Small Industries Devp. Bank of India Ltd. 4.42%

National Bank For Agriculture & Rural Development 3.8%

Gujarat State 3.59%

Allocation by Instruments

Debenture 32.82%

Non Convertible Debenture 16.66%

Bonds 13.920000000000002%

GOI Securities 9.83%

Other Holdings

Others 3.8%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Banking and PSU Debt Fund	-0.01%	1.93%	6.89%	7.31%	6.1%	7.34%
ICICI Prudential Banking & PSU Debt Fund	-0.02%	2.01%	6.86%	7.41%	6.27%	7.39%
ITI Banking & PSU Debt Fund	0.14%	1.8%	6.24%	6.75%	5.88%	2.95%
Axis Banking & PSU Debt Fund	-0.03%	1.74%	6.66%	6.96%	5.8%	7.11%
Bandhan Banking and PSU Fund	0.06%	1.71%	6.37%	6.94%	5.8%	7.05%
Sundaram Banking & PSU Fund	-0.05%	1.73%	6.68%	7.22%	5.6%	6.52%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Banking and PSU Debt Fund	1.24	1.34	0.81	1.25
ICICI Prudential Banking & PSU Debt Fund	0.93	1.08	1.17	1.58
ITI Banking & PSU Debt Fund	0.87	0.96	0.5	0.86
Axis Banking & PSU Debt Fund	1.08	1.31	0.62	0.93
Bandhan Banking and PSU Fund	1.0	1.23	0.62	0.99
Sundaram Banking & PSU Fund	1.17	1.43	0.78	1.29

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak Banking and PSU Debt Fund	N.A.	5,608 Cr	27 yrs 1 m	0.75%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,728 Cr	16 yrs 1 m	0.73%
ITI Banking & PSU Debt Fund	N.A.	37 Cr	5 yrs 3 m	0.7%
Axis Banking & PSU Debt Fund	N.A.	13,574 Cr	13 yrs 8 m	0.62%
Bandhan Banking and PSU Fund	N.A.	12,651 Cr	12 yrs 11 m	0.66%
Sundaram Banking & PSU Fund	N.A.	377 Cr	21 yrs 1 m	0.44%

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.52 vs. 3.19 Higher outperformance against benchmark
Sharpe	0.81 vs. 3.7 Poor risk-adjusted returns
Beta	1.34 vs. 1.12 More sensitive to market's ups & downs
Standard deviation	1.24 vs. 1.13 More volatile performance

Compare Kotak Banking and PSU Debt Fund in detail with

About this fund

About Kotak Banking and PSU Debt Fund

Kotak Banking and PSU Debt Fund is a Banking and PSU mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 27 yrs 1 m, having been launched on 11/12/1998. Kotak Banking and PSU Debt Fund has ₹5,608 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Kotak Banking and PSU Debt Fund as of 02/02/2026 is ₹67.37. The fund has an expense ratio of 0.75%, which is higher than what most other Banking And Psu funds charge.

Kotak Banking and PSU Debt Fund returns of last 1-year are 6.97%. Since launch, it has delivered 7.29% average annual returns. The fund has doubled the money invested in it every 10 yrs.
Kotak Banking and PSU Debt Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in HDFC Bank Ltd., Small Industries Devp. Bank of India Ltd., National Bank For Agriculture & Rural Development, Gujarat State, Indian Oil Corporation Ltd..

...

Fund AUM	5,608 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Deepak Agrawal

Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.

Investment objective

The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.

Kotak Mahindra Mutual Fund details

No. of schemes	84 view all schemes
Total AUM	5,88,199 Cr as on Dec 31, 2025
Address	The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai, 400051
Phone	022-61152100 / 1800-22-2626

More funds from Kotak Mahindra Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Kotak FMP Series 304 - 3119 Days	N.A.	119 Cr	6.42%	8.33%
Kotak Medium Term Fund	N.A.	2,015 Cr	8.11%	8.07%
Kotak Income Plus Arbitrage Omni FoF	N.A.	7,870 Cr	6.76%	7.89%
Kotak Floating Rate Fund	N.A.	3,368 Cr	7.79%	7.8%
Kotak Credit Risk Fund	N.A.	707 Cr	8.26%	7.65%
Kotak Nifty SDL Jul 2033 Index Fund	N.A.	190 Cr	5.17%	7.62%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Kotak Banking and PSU Debt Fund?

The current Net Asset Value (NAV) of the Kotak Banking and PSU Debt Fund plan is approximately ₹67.3656 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Banking and PSU Debt Fund is a 27 yrs 1 m old fund and has delivered average annual returns of 7.29% since inception.

Kotak Banking and PSU Debt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.89%	7.31%	6.1%	7.34%	7.29%

How much does this mutual fund charge as expense ratio?

The Kotak Banking and PSU Debt Fund has an expense ratio of 0.75%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Kotak Banking and PSU Debt Fund currently has assets under management (AUM) or fund size valued at approximately 5,608 Cr as on Dec 31, 2025.

To whom does Kotak Banking and PSU Debt Fund lend to?

The top 3 debt holdings of Kotak Banking and PSU Debt Fund are as follows

Holding Name	Percentage of Portfolio
HDFC Bank Ltd.	10.01%
Small Industries Devp. Bank of India Ltd.	4.42%
National Bank For Agriculture & Rural Development	3.8%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Kotak Banking and PSU Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	70.1%
SOV	17.39%
Cash & Call Money	6.94%

What is risk level of Kotak Banking and PSU Debt Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Kotak Banking and PSU Debt Fund?

Redeeming your investments in the Kotak Banking and PSU Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 10 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.