Kotak Special Opportunities Fund
Direct · GrowthAI Summary
Kotak Special Opportunities Fund has delivered a 1Y SIP XIRR of 9.19%, which trails the category average SIP XIRR of 14.1% by nearly 5 percentage points. On a lump-sum basis, the fund's 1Y CAGR of 21.93% sharply outperformed the NIFTY 50's -2.9%, generating an alpha of 25.34% over the past year. Over longer horizons, the fund has consistently beaten the benchmark, though by a narrowing margin, with alpha declining from 5.33% at 3Y to 0.97% at 15Y.
The fund shows a beta of roughly 0.98-1.05 against the NIFTY 50, indicating market-like volatility, with a favorable downside capture of 81.85-88.87% versus upside capture near 99.62-114.21%. Only one drawdown event exceeding 10% has occurred, and the maximum drawdown was a mild -0.23%, though recovery took 469 days. The 1Y Calmar ratio of 0.20 suggests modest risk-adjusted returns relative to the drawdown experienced.
Holdings-level portfolio data was not provided, so specific top holdings and sector weights cannot be assessed. As a sectoral/thematic fund, it is likely to carry concentrated sector exposures that can amplify both gains and losses compared to diversified equity funds. Investors should review the current factsheet to understand the underlying themes before investing.
The fund's 1Y SIP XIRR of 9.19% underperforms the category average of 14.1%, indicating weaker SIP outcomes than sectoral/thematic peers over the past year. However, its lump-sum performance versus the NIFTY 50 has been consistently positive across all measured periods from 1Y to 15Y, with positive alpha throughout. Calendar year returns have been uneven, ranging from 13.3% in 2026 to near-flat 0.01% in 2024 and 1.88% in 2025.
This fund suits investors with high risk tolerance who already hold a diversified core equity portfolio and want thematic or opportunistic exposure. A horizon of at least 5-7 years is advisable given the uneven calendar-year returns and the sectoral/thematic nature of the strategy. It should be treated as a satellite allocation rather than a primary holding, given the underperformance versus category SIP averages.
- Strong 1Y lump-sum performance with a 21.93% CAGR versus -2.9% for the NIFTY 50, producing an alpha of 25.34%
- Favorable downside capture of 81.85-88.87% across periods, indicating better-than-benchmark resilience in falling markets
- Consistent positive alpha over the benchmark across all measured horizons from 1Y through 15Y
- 1Y SIP XIRR of 9.19% significantly trails the category average SIP XIRR of 14.1%
- Alpha has steadily compressed over longer horizons, from 5.33% at 3Y to under 1% at 15Y
- Highly uneven calendar-year returns, including near-zero returns of 0.01% in 2024 and 1.88% in 2025
Generated on 09-09-2026, 3:35 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 | ₹12.55 L | 9.2% | -20.4% | 33.2% |
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 | 9.2% | 14.4% | 14.1% | -5.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 4.6% | 3.2% | -9.3% | 23.9% | -0.23 | -0.28 | 66% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +25.34 | 1.05 | 114.2% | 81.8% | 21.9% | -2.9% |
| 3 Years | +5.33 | 0.98 | 99.6% | 88.9% | 5.2% | -0.2% |
| 5 Years | +3.14 | 0.98 | 99.6% | 88.9% | 3.1% | -0.1% |
| 7 Years | +2.20 | 0.98 | 99.6% | 88.9% | 2.2% | -0.1% |
| 10 Years | +1.51 | 0.98 | 99.6% | 88.9% | 1.5% | -0.1% |
| 12 Years | +1.24 | 0.98 | 99.6% | 88.9% | 1.3% | -0.1% |
| 15 Years | +0.97 | 0.98 | 99.6% | 88.9% | 1.0% | -0.1% |