Kotak Pioneer Fund
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.
Growthvine rating: 5/5 — ranked #4 of 186 in category.
Fund basics
| Category | Equity: Thematic |
|---|
| NAV | ₹33.45 (as of 2026-10-21) |
|---|
| AUM | ₹4,281 Cr |
|---|
| Expense ratio | 1.56% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Harish Bihani |
|---|
| Exit load | 0.5% for redemption within 90 days |
|---|
Performance & risk
| 5-year annualised return | 13.63% |
|---|
| Sharpe ratio | 0.82 |
|---|
| Standard deviation | 15.42% |
|---|
| Max drawdown | −35.91% |
|---|
| Alpha | 8.78 |
|---|
| Beta | 0.89 |
|---|
Over 5 years, captured 99.9% of Nifty 500's upside and 76.5% of its downside.
Market cap allocation
| Large cap | 32.8% |
|---|
| Mid cap | 34.5% |
|---|
| Small cap | 32.8% |
|---|
Concentration
| Top 5 holdings | 33.4% |
|---|
| Top 10 holdings | 45.5% |
|---|
| Total holdings | 54 |
|---|
Top holdings
- Ishares Nasdaq 100 UCITS ETF USD — 16.3%
- Triparty Repo — 5.7%
- Eternal Limited — 5.5%
- Indo Mim Ltd — 4.9%
- Lenskart Solutions Limited — 3.7%
- Aster DM Healthcare Limited — 2.9%
- Aditya Infotech Limited — 2.9%
- ICICI Bank Ltd. — 2.7%
- InterGlobe Aviation Limited — 2.4%
- Capillary Technologies India Limited — 2.2%
Top sectors
- Retail — 16.6%
- Global Equity — 16.3%
- Industrial Products — 11.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.4% | Q1 (Top) | #27 of 167 |
| 2025 | 6.2% | Q2 | #47 of 132 |
| 2024 | 28.6% | Q1 (Top) | #8 of 86 |
| 2023 | 36.7% | Q1 (Top) | #14 of 66 |
| 2022 | −8.4% | Q4 (Bottom) | #51 of 55 |