Kotak Pioneer Fund Direct - Growth

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

The Kotak Pioneer Fund Direct - Growth is a 6 yrs 3 m old fund and has delivered average annual returns of 21.4% since inception. Kotak Pioneer Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 7.49% 21.47% 17.89% 21.4%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹33.65+0.55% 1 day change	21.4% p.a.	App exclusive #NA View Ranked Funds	₹3,342 Cr

Historical NAV & returns

NAV: ₹33.65 as on Feb 02, 2026

This fund Category average

Kotak Pioneer Fund overview

Expense ratio	0.48% as on Feb 01, 2026
Exit load	0.5% 0.5% for redemption within 90 Days!
AUM (Fund size)	₹3,342 Cr
Lock-in Period	Nil
Age	6 yrs 3 m since Oct 09, 2019
Benchmark	NA
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Kotak Pioneer 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	-5.5%	-5.0%
3 Months	-6.62%	-4.43%
6 Months	-2.6%	-0.15%
1 Year	7.49%	6.58%
2 Years	14.44%	8.28%
3 Years	21.47%	16.88%
4 Years	15.61%	12.78%
5 Years	17.89%	15.33%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 39.69%

Mid Cap 32.92%

Small Cap 24.16%

Other Cap 0%

Top holdings

Eternal Ltd.3.89%

Maruti Suzuki India Ltd.3.5%

Bharti Hexacom Ltd.3.38%

Aster DM Healthcare Ltd.3.34%

Top sectors

Services 18.169999999999998%

Healthcare 12.56%

Automobile 11.11%

Capital Goods 8.110000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Foreign Mutual Funds 17.378903920000003%

Repo 3.39043518%

Other Holdings

iShares NASDAQ 100 UCITS ETF USD 16.96%

Others 3.39%

Geninnov Global Master Fund 0.42%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Pioneer Fund	-5.5%	-2.6%	7.49%	21.47%	17.89%	N.A.
ICICI Prudential India Opportunities Fund	-2.97%	5.64%	12.89%	24.07%	25.84%	14.9%
ICICI Prudential Value Fund	-3.51%	3.96%	11.85%	20.58%	21.22%	17.49%
ICICI Prudential Dividend Yield Equity Fund	-3.62%	3.79%	11.74%	23.62%	24.78%	18.62%
SBI Contra Fund	-3.71%	2.29%	7.43%	20.68%	22.18%	18.06%
ICICI Prudential Diversified Equity All Cap Omni FoF	-4.81%	1.4%	8.8%	20.98%	20.64%	12.46%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Pioneer Fund	13.44	0.92	1.1	1.38
ICICI Prudential India Opportunities Fund	11.32	0.83	1.44	2.34
ICICI Prudential Value Fund	11.1	0.81	1.23	2.08
ICICI Prudential Dividend Yield Equity Fund	11.93	0.87	1.38	2.16
SBI Contra Fund	12.08	0.91	1.15	1.76
ICICI Prudential Diversified Equity All Cap Omni FoF	11.67	0.89	1.21	1.86

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak Pioneer Fund	N.A.	3,342 Cr	6 yrs 3 m	0.48%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	7 yrs 1 m	0.66%
ICICI Prudential Value Fund	N.A.	61,272 Cr	13 yrs 1 m	0.96%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	11 yrs 9 m	0.57%
SBI Contra Fund	N.A.	49,967 Cr	13 yrs 1 m	0.71%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	258 Cr	5 yrs 11 m	0.46%

View all Strategy funds

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

Alpha	5.69 vs. 5.27 Higher outperformance against benchmark
Sharpe	1.1 vs. 4.78 Poor risk-adjusted returns
Beta	0.92 vs. 0.83 More sensitive to market's ups & downs
Standard deviation	13.44 vs. 8.79 More volatile performance

About this fund

About Kotak Pioneer Fund

Kotak Pioneer Fund Direct - Growth is a Strategy mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 6 yrs 3 m, having been launched on 09/10/2019. Kotak Pioneer Fund Direct - Growth has ₹3,342 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 Pioneer Fund Direct - Growth as of 02/02/2026 is ₹33.65. The fund has an expense ratio of 0.48%, which is less than what most other Strategy funds charge.

Kotak Pioneer Fund Direct - Growth returns of last 1-year are 9.39%. Since launch, it has delivered 21.46% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Kotak Pioneer Fund Direct - Growth 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 average.
The fund has the majority of its money invested in Services, Unclassified, Healthcare, Automobile, Capital Goods sectors. It has taken less exposure in Services, Unclassified sectors compared to other funds in the category.
The fund's top 5 holdings are in iShares NASDAQ 100 UCITS ETF USD, Eternal Ltd., Maruti Suzuki India Ltd., Bharti Hexacom Ltd., Aster DM Healthcare Ltd..

...

Fund AUM	3,342 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Harish Bihani

Mr. Bihani has done MBA in Finance Prior to joining Kotak Mutual Fund, he has worked with ICICI Prudential Mutual Fund, SBI Mutual Fund, Kotak Instituitional Equities, CIMB Securities, RBS Equities India Pvt. Ltd., Indiabulls Securities Ltd. and Reliance Equities International Pvt. Ltd.

Investment objective

The scheme seeks to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.

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	5Y
Kotak Infrastructure and Economic Reform Fund	N.A.	2,353 Cr	5.6%	24.17%
Kotak Midcap Fund	N.A.	60,637 Cr	9.46%	21.13%
Kotak Contra Fund	N.A.	5,136 Cr	11.15%	18.85%
Kotak Small Cap Fund	N.A.	17,258 Cr	-5.23%	18.59%
Kotak Large & Midcap Fund	N.A.	30,039 Cr	13.11%	18.57%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Kotak Pioneer Fund Direct - Growth?

The current Net Asset Value (NAV) of the Kotak Pioneer Fund - Direct Growth plan is approximately ₹33.65 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Pioneer Fund Direct - Growth is a 6 yrs 3 m old fund and has delivered average annual returns of 21.4% since inception.

Kotak Pioneer Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
7.49%	21.47%	17.89%	21.4%

How much does this mutual fund charge as expense ratio?

The Kotak Pioneer Fund - Direct Growth has an expense ratio of 0.48%, 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 Pioneer Fund currently has assets under management (AUM) or fund size valued at approximately 3,342 Cr as on Dec 31, 2025.

What are the top stock holdings of Kotak Pioneer Fund?

The Kotak Pioneer Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Eternal Ltd.	3.89%
Maruti Suzuki India Ltd.	3.5%
Bharti Hexacom Ltd.	3.38%
Aster DM Healthcare Ltd.	3.34%
Reliance Industries Ltd.	3.01%
UNO Minda Ltd.	2.97%
GE Vernova T&D India Ltd	2.81%
Interglobe Aviation Ltd.	2.76%
Vishal Mega Mart Ltd.	2.7%
Mahindra & Mahindra Ltd.	2.55%

What are the top sectors Kotak Pioneer Fund has invested in?

The Kotak Pioneer Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	18.169999999999998%
Healthcare	12.56%
Automobile	11.11%
Capital Goods	8.110000000000001%
Financial	4.57%
Insurance	3.91%
Metals & Mining	3.39%
Communication	3.38%
Energy	3.01%
Consumer Staples	2.99%

What is risk level of Kotak Pioneer Fund?

This is a Strategy fund comes with Very High risk.

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

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

How do I invest in Kotak Pioneer Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Kotak Pioneer Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Kotak Pioneer Fund is complete.

How can I redeem my investments in Kotak Pioneer Fund?

Redeeming your investments in the Kotak Pioneer 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 Strategy

#NA

Return Outperformance: This fund has generated highest return amongst Strategy funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Exit Load: 0.5% for redemption within 90 Days