HealthyDirect · GrowthFit for a long SIP
Kotak Active Momentum Fund
Kotak Mahindra Mutual FundEquity Scheme - Sectoral/ Thematic1.2 years
The scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities selected based on momentum theme, following an in-house model i.e. enhanced earnings factor model.
- NAV
- 10.696
- 4 Nov 2026
- 1Y
- +4.4%
- Trailing CAGR
- Upside capture
- +98%
- Vs NIFTY 500 TRI
- Downside capture
- +87%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Fail
1.2 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.43% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -13.6%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Abhishek Bisen · 1.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 29.3% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 14%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.6%
- Calendar-day CAGR
- Excess 1Y
- +5.1%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 5 Nov 2026.
- 1Y excess
- +7.3%
- Fund minus TRI
- 3Y excess
- n/a
- Fund minus TRI
- Upside capture
- +98%
- Benchmark-up months
- Downside capture
- +87%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -13.6%
- Worst peak-to-trough
- Current
- -7.0%
- Below last peak
- Current spell
- 86 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 18 recovered episodes
- Longest recovery
- 102 days
- Trough to prior peak
7 Jan 2026 – 3 Jul 2026
Trough 23 Mar 2026 · recovered in 102 days
-13.6%
10 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-13.2%
18 Sept 2025 – 9 Oct 2025
Trough 26 Sept 2025 · recovered in 13 days
-3.5%
1 Dec 2025 – 22 Dec 2025
Trough 10 Dec 2025 · recovered in 12 days
-2.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
32
Vs category
82
Consistency
100
Risk-adjusted
28
Drawdown
66
Mean
62
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 51 holdings · top 10 are 29.3%.
- Top 5
- 16.3%
- Top 10
- 29.3%
- Largest holding
- 4.3%
- Effective holdings
- 45.6
Laurus Labs Ltd
Healthcare
4.3%
Repo
Unspecified
3.5%
Sona BLW Precision Forgings Ltd
Consumer Discretionary
2.9%
Bharat Forge Ltd
Consumer Discretionary
2.9%
Apar Industries Ltd
Diversified
2.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ICICI Prudential Bharat Consumption Fund
ICICI Prudential Mutual Fund
- 1Y
- -5.0%
- 3Y
- +9.7%
- Vol
- 15.4%
- Max DD
- -31.3%
- Sharpe
- 0.55
- 3Y win
- +45%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -5.0%
- 3Y
- +11.4%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.61
- 3Y win
- +65%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +4.3%
- 3Y
- +16.9%
- Vol
- 12.7%
- Max DD
- -18.4%
- Sharpe
- 0.77
- 3Y win
- +98%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- -2.0%
- 3Y
- +13.5%
- Vol
- 14.3%
- Max DD
- -21.5%
- Sharpe
- 0.52
- 3Y win
- +100%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
SBI CONSUMPTION OPPORTUNITIES FUND
SBI Mutual Fund
- 1Y
- -13.2%
- 3Y
- +4.6%
- Vol
- 14.8%
- Max DD
- -35.4%
- Sharpe
- 0.59
- 3Y win
- +64%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown