Banking & PSU Fund · Moderate risk · ₹4,761 crore
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Fund details
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.
Returns
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | |
|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.54% | +0.26% | +2.61% | +3.74% | +4.08% | +6.82% | +6.01% | +6.45% | +6.87% |
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As of 11 Nov 2026
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Kotak Banking and PSU Debt Growth is a Banking & PSU Fund fixed income fund from Kotak Mahindra Asset Management Company Limited, launched on 29 Dec 1998. Its benchmark is the CRISIL Banking and PSU Debt Index. The expense ratio is 0.75% a year. It manages ₹4,761 crore. The NAV was ₹69.90 on 11 Nov 2026. Over 10 years it returned 6.87% a year in rupees and 3.30% a year in US dollars and UAE dirhams, as the rupee fell 3.46% a year against the dollar.
| Period | Return | Volatility a year |
|---|---|---|
| Last 1 year | +4.08% | 2.22% |
| Last 3 years | +6.82% a year | 1.74% |
| Last 5 years | +6.01% a year | 1.54% |
| Last 10 years | +6.87% a year | 1.85% |
Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of returns over the same period. Figures as of 11 Nov 2026.
From 2017 to 2026, the fund returned more than the CRISIL Banking and PSU Debt Index in 6 of 10 calendar years. The 2026 figure is year to date.
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 YTD |
|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +6.17% | +6.71% | +10.84% | +10.51% | +3.91% | +3.60% | +6.77% | +8.03% | +7.68% | +3.74% |
| Benchmark | +6.03% | +6.69% | +9.53% | +10.42% | +4.38% | +3.57% | +7.28% | +7.97% | +7.76% | +4.05% |
The NAV of Kotak Banking and PSU Debt Regular Growth was ₹69.90 on 11 Nov 2026. Mutual fund NAVs are published once a day, after markets close.
Kotak Banking and PSU Debt Regular Growth returned 4.1% over 1 year, 6.8% a year over 3 years, 6.0% a year over 5 years and 6.9% a year over 10 years, to 11 Nov 2026, worked out from its own daily NAV. It returned more than the CRISIL Banking and PSU Debt Index in 6 of 10 calendar years since 2017.
In US dollars it returned -1.7% over 1 year, 2.6% a year over 3 years, 1.1% a year over 5 years and 3.3% a year over 10 years. The rupee fell 3.5% a year against the dollar over 10 years, which accounts for the gap from the rupee return. The UAE dirham is pegged to the dollar, so returns in dirhams are the same.
0.75% a year. It is taken from the fund's assets every day, so the NAV and every return shown are already after this cost.
NRIs can generally invest once KYC is complete, paying from an NRE or NRO account. Some fund houses do not accept investments from residents of the US and Canada.
India's tax on this fund depends on how much of it is in shares and when the units were bought, and for NRIs it is deducted when units are redeemed. The UAE has no personal income tax, and the India UAE tax treaty may apply, so confirm your position with a tax adviser.
Rolling returns in dollars shows every period, not just the latest.
Compare every banking and psu fund on returns, volatility, worst fall and cost.
