Kotak Contra Fund
Kotak Contra remains heavily positioned in financial services, with banks and finance commanding over a third of the portfolio, suggesting conviction in valuation opportunities within the sector despite near-term headwinds. The manager's recent activity—trimming IT exposure while adding micro-cap picks in defence and niche finance—signals a cautious shift toward overlooked pockets rather than broad-based optimism. Modest monthly gains alongside concentrated positioning indicate patience for deeper correction in core holdings before aggressively deploying the minimal cash buffer.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹175.2250 | -0.67% | — | — | — |
| Regular Growth | ₹147.0400 | -0.76% | +0.98% | +17.60% | +16.22% |
| Direct IDCW | ₹62.3540 | -0.67% | — | — | — |
| Regular IDCW | ₹50.6840 | -0.76% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| ASTRA MICROWAVE PRODUCTS LTD. | 1.04% |
| JAMMU KASHMIR BANK LTD | 1.00% |
| Power Finance Corporation Ltd. | 0.96% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC BANK LTD. INE040A01034 | 5.61% |
| 2 | ICICI BANK LTD. INE090A01021 | 4.52% |
| 3 | STATE BANK OF INDIA. INE062A01020 | 3.63% |
| 4 | RELIANCE INDUSTRIES LTD. INE002A01018 | 3.28% |
| 5 | NTPC LTD INE733E01010 | 2.93% |
| 6 | Larsen and Toubro Ltd. INE018A01030 | 2.69% |
| 7 | BHARTI AIRTEL LTD. INE397D01024 | 2.63% |
| 8 | Hero MotoCorp Ltd. INE158A01026 | 2.62% |
| 9 | SHRIRAM FINANCE LIMITED INE721A01047 | 2.61% |
| 10 | Fortis Healthcare India Ltd INE061F01013 | 2.39% |
| 11 | Maruti Suzuki India Limited INE585B01010 | 2.35% |
| 12 | AXIS BANK LTD. INE238A01034 | 2.15% |
| 13 | Tech Mahindra Ltd. INE669C01036 | 2.09% |
| 14 | Mphasis Ltd INE356A01018 | 2.00% |
| 15 | POONAWALLA FINCORP LIMITED INE511C01022 | 1.98% |
| 16 | Ultratech Cement Ltd. INE481G01011 | 1.97% |
| 17 | BAJAJ FINANCE LTD. INE296A01032 | 1.97% |
| 18 | PARK MEDI WORLD LIMITED (PARK HOSPITAL) INE119201023 | 1.90% |
| 19 | SWIGGY LTD INE00H001014 | 1.84% |
| 20 | Infosys Ltd. INE009A01021 | 1.81% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Contra Fund hold?
Kotak Contra Fund holds 60 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.97% of NAV.
What is the largest holding in Kotak Contra Fund?
The largest position in Kotak Contra Fund is HDFC BANK LTD., accounting for 5.61% of NAV in the Banks sector.
Is Kotak Contra Fund a concentrated or diversified fund?
With a Gini coefficient of 0.282, Kotak Contra Fund is well-diversified. The HHI concentration index is 21,511 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.97% of the portfolio.
What is the market cap allocation of Kotak Contra Fund?
Based on SEBI's AMFI classification, Kotak Contra Fund's equity portfolio is split as: Large Cap: 54.72%, Mid Cap: 30.85%, Small Cap: 12.75%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Contra Fund invest in most?
Kotak Contra Fund has the highest allocation to Banks (22.79%), Finance (10.23%), Healthcare Services (6.47%). The fund is invested across 26 sectors in total.
How actively managed is Kotak Contra Fund compared to other Contra Fund funds?
Kotak Contra Fund has an Active Share of 60.91%, classifying it as "Active Stock Picker" among 3 Contra Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Kotak Contra Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Contra Fund added 3 new stocks (including ASTRA MICROWAVE PRODUCTS LTD.) and exited 4 stocks (including SBI Life Insurance Company Ltd). Total holding count decreased from 63 to 62 stocks.