Kotak Flexicap Fund

Kotak Flexicap Fund has delivered strong SIP XIRR across horizons, with 3Y at 16.02% and 5Y at 15.41%, outperforming the category average of 14.89% and 15.64% respectively. Against the NIFTY 50, the fund shows consistent alpha of 3.25% to 6.17% across all periods, with 3Y Fund CAGR of 13.95% versus the benchmark's 7.75%. The 10Y SIP XIRR of 15.66% is broadly in line with the category's 16.09%, indicating competitive but not dominant long-term SIP performance.

The fund exhibits a favorable risk profile with downside capture consistently below 100% (89.84% to 95.16% across periods), meaning it loses less than the NIFTY 50 in falling markets, while upside capture remains near or above 100%. Beta declines from 1.04 over 1Y to 0.93 over 15Y, showing progressively lower market sensitivity over longer horizons. The Calmar ratios of 0.40 to 0.50 across durations reflect reasonable risk-adjusted returns, though 10 drawdown events exceeding 10% indicate meaningful interim volatility that investors must tolerate.

Detailed holdings and sector allocation data were not provided in this dataset, so a specific assessment of top holdings and concentration cannot be made. As a flexi-cap mandate, the fund has the flexibility to allocate across large, mid, and small caps, which typically supports diversification across market capitalizations. Investors should review the latest fund factsheet for current portfolio composition and sector exposure before investing.

The fund beats category average SIP XIRR over 1Y (19.35% vs 15.6%), 3Y (16.02% vs 14.89%), and 12Y (15.55% vs 15.4%), while trailing slightly over 5Y, 7Y, and 10Y. Calendar year returns show strong consistency, with positive returns in 13 of 14 years and only a modest -1.06% in 2026 YTD. This blend of alpha generation and downside protection positions the fund among the more dependable performers in the flexi-cap category.

This fund suits investors seeking a core equity holding with active large-to-small cap flexibility and a preference for smoother downside behavior than the index. A minimum horizon of 5 to 7 years is appropriate, as evidenced by the fund's strongest rolling returns over longer windows (12Y rolling mean of 17.16%). It is suitable for moderate-to-high risk tolerance investors who can accept occasional drawdowns exceeding 10% in exchange for long-term wealth creation.

• Consistent positive alpha versus NIFTY 50 across all measured periods, ranging from 3.25% (10Y) to 6.17% (3Y)
• Superior downside capture (as low as 89.84% over 15Y) combined with near-parity upside capture, indicating effective loss mitigation
• Strong SIP XIRR outperformance versus category averages over 1Y and 3Y horizons, with positive calendar year returns in 13 of the last 14 years

• SIP XIRR trails the category average over the 5Y, 7Y, and 10Y windows, suggesting mid-tier long-term SIP performance relative to peers
• Ten drawdown events exceeding 10% and a recovery period of 233 days from the maximum drawdown highlight that meaningful interim losses can take considerable time to recoup