Kotak Equity Savings Fund
Kotak Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI
The manager is repositioning toward quality defensives, rotating out of high-volatility plays like EV and e-commerce while adding financial sector exposures and infrastructure plays. The significant reduction in repo allocation and new entries in PSU bonds and NBFCs suggest a tactical shift toward steady dividend yields over growth, signaling conviction that the hybrid mandate works better with established names offering stability. This concentration in banks and telecom reflects confidence in resilient earnings amid market uncertainty.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹26.8632 | +0.88% | -0.90% | -0.71% | +5.10% | +10.26% | +9.87% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
145
Top 5 Weight
22.68%
Top 10 Weight
35.49%
Active Share
—
Large Cap
44.33%
Gini
0.658
What Changed2026-03-31 → 2026-04-30
Holdings: 147 → 147+8 added−8 removed33 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Ultratech Cement Ltd. | 0.21% |
| MUTHOOT FINANCE LTD.** | 1.00% |
| TATA CAPITAL LTD.** | 0.20% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** | 0.10% |
| REC LTD** | 0.06% |
| REC LTD** | 0.05% |
| Maharashtra State Govt - 2026 - Maharashtra | 0.05% |
| CD UNION BANK OF INDIA** | 0.98% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo | 7.25% |
| 2 | Kotak Liquid Direct Growth INF174K01NE8 | 6.62% |
| 3 | BHARTI AIRTEL LTD. INE397D01024 | 6.37% |
| 4 | Indus Towers Ltd. INE121J01017 | 3.61% |
| 5 | STATE BANK OF INDIA. INE062A01020 | 3.10% |
| 6 | HDFC BANK LTD. INE040A01034 | 2.98% |
| 7 | NTPC LTD INE733E01010 | 2.96% |
| 8 | Maruti Suzuki India Limited INE585B01010 | 2.81% |
| 9 | Adani Ports and Special Economic Zone Limited INE742F01042 | 2.49% |
| 10 | ITC Ltd. INE154A01025 | 2.29% |
| 11 | Hero MotoCorp Ltd. INE158A01026 | 2.26% |
| 12 | ICICI BANK LTD. INE090A01021 | 2.17% |
| 13 | One 97 Communications Ltd INE982J01020 | 2.16% |
| 14 | Radico Khaitan Ltd. INE944F01028 | 2.05% |
| 15 | Mphasis Ltd INE356A01018 | 1.71% |
| 16 | Kotak Low Duration Fund Direct Growth INF178L01AX4 | 1.67% |
| 17 | RELIANCE INDUSTRIES LTD. INE002A01018 | 1.64% |
| 18 | INDUSIND BANK LTD. INE095A01012 | 1.51% |
| 19 | NLC India Ltd. (Neyveli Lignite Corporation Ltd.) INE589A01014 | 1.38% |
| 20 | POONAWALLA FINCORP LIMITED INE511C01022 | 1.36% |
Sector Allocation
Banks13.1%
Telecom - Services10.5%
Mutual Fund8.9%
Automobiles5.9%
Power4.6%
Finance4.4%
CRISIL AAA4.4%
Diversified FMCG3.6%
Transport Infrastructure3.5%
IT - Software2.9%
Top 10 sectors by % to NAV. Excludes derivatives.