Kotak Multi Cap Fund Direct Growth NAV Advances to ₹21.82 on 23 September; 3-Year CAGR at 17.53%

Key Takeaways

• Kotak Multi Cap Fund Direct Growth recorded an NAV of ₹21.82 on 23 September 2026, representing a 0.81% increase from the preceding valuation. 
• Its latest one-year return stood at 5.22%, whereas the three-year CAGR was 17.53%. The annualised three-year figure was therefore 12.31 percentage points higher. 
• A valid five-year CAGR is not available because the scheme had not completed a full five-year performance period by the requested valuation date. No since-inception figure has been substituted for a genuine five-year record. 
• The fund managed approximately ₹30,529 crore, with a Direct Growth expense ratio of 0.7163%. The minimum SIP and lump-sum amounts were both ₹100. 

Kotak Multi Cap Fund Direct Growth NAV rose 0.81% to ₹21.82 on 23 September 2026. Its latest one-year return was 5.22%, whereas the three-year CAGR stood at 17.53%, a difference of 12.31 percentage points between the two measurement windows. 

The current fund record does not provide a valid five-year CAGR. The scheme was launched in late September 2021 and had not completed a full five-year operating period in the latest verified material immediately preceding the requested date. A five-year figure has therefore not been extrapolated from since-inception performance or any shorter return series. 

AUM was approximately ₹30,529 crore. The Direct Growth plan's expense ratio stood at 0.7163%, and the minimum SIP and lump-sum investment amounts were both ₹100. The precision of the expense ratio has been retained as published rather than rounded to two decimal places. 

Multi-cap schemes maintain exposure across large-, mid- and small-cap segments in line with applicable category requirements. That framework differs from a flexi-cap mandate, where there is no equivalent prescribed minimum allocation across all three market-cap buckets. The scheme's NAV therefore reflects a portfolio built within those multi-cap allocation rules. 

The 23 September valuation recorded a positive daily movement of just over 0.8%. For longer historical context, the available three-year CAGR was considerably higher than the latest one-year return. With no complete five-year record yet available, the three-year and one-year figures provide the cleaner comparable periods without extending the available data beyond the scheme's actual history. 

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