Kotak Multi Cap Fund
Direct · GrowthAI Summary
Kotak Multi Cap Fund has consistently outperformed the NIFTY 50 across all measured periods, with a 3Y SIP XIRR of 20.36% and 5Y XIRR of 15.67%. Against the benchmark, it delivered strong lump-sum alpha: 8.97% over 3Y and 9.71% over 5Y, with the fund's 5Y CAGR of 15.54% versus the benchmark's 5.81%. Compared to the category, it leads on 1Y (15.5% vs 11.3%) and 3Y (20.36% vs 14.77%) XIRR, but trails on 5Y (15.67% vs 17.19%).
The fund shows asymmetric return capture, with 5Y downside capture of 87.35% meaning it falls meaningfully less than the index, while upside capture remains near or above 100%. It recorded 3 drawdown events exceeding 10%, with recovery taking 231 days. The 5Y Calmar ratio of 0.74, versus 1.14 over 3Y, indicates weaker risk-adjusted returns over the longer window.
Portfolio composition details such as top holdings and sector allocation are not provided in this dataset, so concentration and diversification cannot be assessed here. Investors should review the latest portfolio disclosure for that information before investing.
The fund is a clear leader over short and medium horizons, beating category average SIP XIRR by roughly 4.2% over 1Y and 5.6% over 3Y. However, over longer windows it lags the category, with 5Y XIRR of 15.67% versus 17.19% and trailing at 7Y and 10Y as well, where category averages sit near 18%. This suggests recent performance strength rather than long-run category leadership.
This fund suits investors seeking diversified multi-cap equity exposure with demonstrated benchmark outperformance and below-benchmark downside capture. The recent drawdown behavior and mid-term underperformance versus peers indicate tolerance for periods of peer-relative weakness is needed. A time horizon of at least 3-5 years, with SIP investing preferred, is appropriate.
- Consistent benchmark alpha of 2.9% to 9.7% across periods from 15Y to 3Y
- Low downside capture (87.35% over 5Y) limits losses in corrections
- Strong 3Y SIP XIRR of 20.36%, well above the 14.77% category average
- Trails category average SIP XIRR over 5Y (15.67% vs 17.19%), 7Y, and 10Y windows
- Three drawdowns exceeding 10% with slow recovery, taking 231 days from max drawdown
- Weaker long-horizon risk-adjusted returns with a 5Y Calmar ratio of just 0.74
Generated on 08-11-2026, 3:02 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.00 L | 23.1% | -25.7% | 77.5% |
| 3 Years | ₹36.00 L | ₹48.27 L | 20.6% | 2.7% | 43.0% |
| 5 Years | ₹60.00 L | ₹88.28 L | 15.7% | 13.3% | 17.6% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 23.1% | 14.3% | 11.3% | +8.8% |
| 3 Years | 20.6% | 11.0% | 14.8% | +9.6% |
| 5 Years | 15.7% | 10.4% | 17.3% | +5.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 22.3% | 13.1% | -5.8% | 67.0% | 0.78 | 6.20 | 94% | — | — |
| 3 Years | 23.9% | 24.3% | 14.4% | 31.8% | 4.83 | — | 100% | — | — |
| 5 Years | 15.7% | 15.7% | 14.8% | 16.5% | 20.69 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.02 | 0.99 | 98.4% | 92.1% | 3.0% | -2.1% |
| 3 Years | +8.21 | 1.01 | 103.6% | 93.6% | 17.1% | 8.9% |
| 5 Years | +9.35 | 0.96 | 98.8% | 87.3% | 16.1% | 6.8% |
| 7 Years | +6.63 | 0.95 | 98.0% | 86.7% | 11.7% | 5.0% |
| 10 Years | +4.44 | 0.95 | 98.0% | 86.7% | 8.1% | 3.5% |
| 12 Years | +3.61 | 0.95 | 98.0% | 86.7% | 6.7% | 2.9% |
| 15 Years | +2.81 | 0.95 | 98.0% | 86.7% | 5.3% | 2.3% |