INAAX Performance — Kotak India Equity Fund, Class A
Data updated: 2026-09-25
INAAX returned −27.37% year to date and −38.09% over one year to Jul 2026. Over one year the fund trailed its India Equity category average: $100 grew to $62, against $95 for the category. Volatility over the past 12 months was 14.98% a year. In the 12 months to Jul 2026 the fund lost a net $98.7M, and assets reached $230.63M.
INAAX Growth of $100
What $100 invested in Kotak India Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the India Equity category average over the same months.
| Period | INAAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $62 | $95 |
| 3 years (Aug 2023 – Jul 2026) | $21 | $118 |
| 5 years (Aug 2021 – Jul 2026) | $5 | $121 |
| Since data start (Aug 2019 – Jul 2026) | $2 | $170 |
INAAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −27.37% |
| 1 year | −38.09% |
3- and 5-year figures withheld: returns differ from sibling classes.
INAAX Annual Returns
Calendar-year total returns of Kotak India Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −27.37% |
| 2025 | −37.51% |
| 2024 | −43.68% |
| 2023 | −40.67% |
| 2022 | −55.61% |
| 2021 | −35.87% |
| 2020 | −41.92% |
| 2019 (Aug–Dec) | −19.54% |
INAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −8.1% | −3.0% | −14.9% | +1.9% | −4.5% | −1.2% | −0.4% | — | — | — | — | — |
| 2025 | −9.4% | −11.4% | +0.7% | −1.0% | −1.6% | +0.2% | −7.0% | −4.6% | −3.9% | −1.1% | −1.8% | −4.2% |
| 2024 | −4.1% | −4.3% | −4.6% | −3.8% | −4.3% | +0.7% | −4.4% | −4.7% | −3.1% | −10.6% | −4.0% | −8.3% |
| 2023 | −5.9% | −8.2% | −4.5% | −3.4% | −3.3% | −1.0% | −3.6% | −6.3% | −5.0% | −7.9% | −0.3% | −1.6% |
| 2022 | −6.1% | −11.2% | −4.3% | −8.4% | −10.3% | −10.4% | +1.8% | −4.5% | −8.9% | −3.1% | −1.4% | −10.5% |
| 2021 | −5.5% | −0.4% | −2.8% | −7.8% | +0.9% | −4.5% | −2.7% | +1.6% | −5.8% | −6.0% | −7.8% | −2.4% |
| 2020 | −4.6% | −10.0% | −32.0% | +6.5% | −8.3% | +2.8% | +2.6% | −0.5% | −3.9% | −4.1% | +3.2% | +2.1% |
| 2019 | — | — | — | — | — | — | — | −8.9% | −0.3% | −2.0% | −5.3% | −4.6% |
INAAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 14.98%
- Best month: +1.89% (Apr 2026)
- Worst month: −14.91% (Mar 2026)
INAAX Fund Flows
Monthly money in and out of Kotak India Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$98.7M
- 12-month gross sales (incl. reinvestments): $42.2M
- Sales ÷ redemptions: 0.30×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $59K | $945K | −$886K |
| Jun 2026 | $237K | $63.7M | −$63.5M |
| May 2026 | $254K | $58.6M | −$58.3M |
| Apr 2026 | $807K | $1.7M | −$871K |
| Mar 2026 | $1.9M | $2.0M | −$84K |
| Feb 2026 | $1.9M | $1.0M | $820K |
| Jan 2026 | $3.3M | $5.6M | −$2.3M |
| Dec 2025 | $21.4M | $1.9M | $19.6M |
| Nov 2025 | $1.1M | $1.3M | −$211K |
| Oct 2025 | $1.9M | $1.8M | $113K |
| Sep 2025 | $1.4M | $981K | $460K |
| Aug 2025 | $7.9M | $1.4M | $6.5M |
INAAX Assets Under Management
Net assets of Kotak India Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $230.63M |
| 2026-04-30 | $347.98M |
| 2026-01-31 | $374.49M |
| 2025-10-31 | $395.25M |
| 2025-07-31 | $387.48M |
| 2025-04-30 | $379.85M |
| 2025-01-31 | $366.03M |
| 2024-10-31 | $396.62M |
| 2024-07-31 | $404.59M |
| 2024-04-30 | $387.91M |
| 2024-01-31 | $371.53M |
| 2023-10-31 | $318.01M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.