Kotak Flexi Cap Fund Direct Growth NAV Reaches ₹95.51 on 23 September; Daily Gain at 0.52%

Key Takeaways

• Kotak Flexi Cap Fund Direct Growth recorded an NAV of ₹95.51 on 23 September 2026, reflecting a 0.52% increase from the preceding valuation. The daily movement was positive even though the most recent one-year historical return remained negative. 
• The fund's three-year CAGR was 11.78%, compared with a five-year CAGR of 10.36%. The three-year annualised figure was therefore 1.42 percentage points higher. 
• The latest one-year return stood at -1.17%, creating a 12.95 percentage-point gap versus the three-year CAGR. This illustrates how strongly return figures can change according to the period selected. 
• The scheme managed approximately ₹56,392 crore and carried a Direct Growth expense ratio of 0.6589%. Minimum SIP and lump-sum investments were each ₹100. 

Kotak Flexi Cap Fund Direct Growth NAV moved to ₹95.51 on 23 September 2026, a 0.52% increase for the valuation day. Historical returns varied considerably by measurement period. The latest one-year number stood at -1.17%, whereas the three-year CAGR was 11.78% and the five-year CAGR came in at 10.36%. 

Among the two longer windows, the three-year annualised figure exceeded the five-year CAGR by 1.42 percentage points. The difference versus the latest one-year result was much larger: the three-year CAGR was 12.95 percentage points above it. Such comparisons describe historical periods with different starting dates rather than a single continuous rate of return. 

The scheme's AUM was approximately ₹56,392 crore. Its Direct Growth expense ratio was listed at 0.6589%, preserving the precision supplied in the fund data. A minimum of ₹100 applied to both SIP and lump-sum investments. 

Flexi-cap funds can move across large-, mid- and small-cap stocks without maintaining a prescribed allocation to each market-cap bucket. Consequently, the NAV reflects a portfolio whose market-cap composition can change over time rather than one tied to a single company-size segment. 

For 23 September specifically, the daily NAV move was positive at just over half a per cent. The broader return record was less uniform: the latest year remained negative, whereas both three- and five-year annualised numbers were positive and in double digits. Reading the periods separately avoids treating a longer CAGR as if it represented the most recent year's experience. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.