Kotak Multi Cap Fund Direct Growth NAV Rises to ₹21.5540 on 21 September; Three-Year CAGR at 17.24%

Key Takeaways

• Kotak Multi Cap Fund Direct Growth NAV rose 0.33% to ₹21.5540 on 21 September 2026. 
• The three-year CAGR stood at 17.24%, with the fund managing approximately ₹30,529 crore. 
• The scheme had not completed a full five-year operating history by 21 September 2026, so a valid five-year CAGR was not yet available. 

Kotak Multi Cap Fund Direct Growth recorded an NAV of ₹21.5540 on 21 September 2026, an increase of 0.33% over the previous valuation. Its three-year CAGR stood at 17.24%. The latest fund size was approximately ₹30,529 crore, and the Direct Plan base expense ratio was 0.42%. 

The scheme was launched in late September 2021. Consequently, as of the requested 21 September 2026 valuation date, it had not yet completed a full five-year operating history. A valid five-year CAGR should therefore not be presented for this date. The three-year annualised figure remains the relevant longer-period trailing return available from the verified fund card. 

Minimum investment levels were comparatively low: the lump-sum minimum was ₹100 and the minimum SIP was also ₹100. The disclosed exit load was 1% for redemptions made within 365 days, with the schedule changing after completion of that period. 

As a multi-cap scheme, the portfolio must maintain exposure across large-, mid- and small-cap companies in line with applicable category requirements. The category framework therefore differs from a flexi-cap mandate, where the portfolio manager has greater latitude over the proportions assigned to individual market-cap segments. That distinction is relevant when interpreting the scheme's 17.24% three-year record. 

The fund's relatively recent launch also matters when comparing it with older schemes in the same daily NAV set. A shorter history means fewer complete market cycles are represented in the available trailing data. For 21 September, the verifiable numerical picture is therefore centred on the ₹21.5540 NAV, its 0.33% daily movement, the 17.24% three-year CAGR, ₹30,529 crore of assets and the 0.42% Direct Plan expense ratio. 

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