Kotak Flexi Cap Fund
Kotak Mutual Fund·Flexi Cap Fund·vs Nifty 500 TRI
The portfolio is heavily tilted toward domestic cyclicals and financials, betting on India's infrastructure and credit expansion cycle. Banking dominance at 23% coupled with concentrated bets in defense, cement, and steel signals conviction in capital-intensive sectors benefiting from government spending. The exit of HCL Technologies suggests the manager is rotating away from software to double down on physical economy plays, keeping ammunition minimal with just 2.5% cash.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹82.1010 | -1.17% | -6.69% | -5.90% | +0.30% | +13.75% | +12.88% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
57
Top 5 Weight
25.29%
Top 10 Weight
41.92%
Active Share
—
Large Cap
65.00%
Gini
0.417
What Changed2026-03-31 → 2026-04-30
Holdings: 60 → 59+0 added−1 removed22 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharat Electronics Ltd. INE263A01024 | 5.78% |
| 2 | HDFC BANK LTD. INE040A01034 | 5.56% |
| 3 | ICICI BANK LTD. INE090A01021 | 5.07% |
| 4 | STATE BANK OF INDIA. INE062A01020 | 4.64% |
| 5 | Jindal Steel & Power Ltd INE749A01030 | 4.24% |
| 6 | Larsen and Toubro Ltd. INE018A01030 | 3.88% |
| 7 | AXIS BANK LTD. INE238A01034 | 3.70% |
| 8 | ETERNAL LIMITED INE758T01015 | 3.15% |
| 9 | BHARTI AIRTEL LTD. INE397D01024 | 2.99% |
| 10 | Ultratech Cement Ltd. INE481G01011 | 2.91% |
| 11 | SRF LTD. INE647A01010 | 2.87% |
| 12 | Solar Industries India Limited INE343H01029 | 2.82% |
| 13 | Triparty Repo | 2.71% |
| 14 | RELIANCE INDUSTRIES LTD. INE002A01018 | 2.61% |
| 15 | BHARAT FORGE LTD. INE465A01025 | 2.26% |
| 16 | Inter Globe Aviation Ltd INE646L01027 | 2.11% |
| 17 | BSE LTD INE118H01025 | 2.06% |
| 18 | Maruti Suzuki India Limited INE585B01010 | 1.94% |
| 19 | BAJAJ FINANCE LTD. INE296A01032 | 1.88% |
| 20 | Hero MotoCorp Ltd. INE158A01026 | 1.86% |
Sector Allocation
Banks23.2%
Chemicals and Petrochemicals6.2%
Aerospace and Defense5.8%
Cement and Cement Products5.7%
Petroleum Products4.4%
Construction4.3%
IT - Software4.3%
Auto Components4.3%
Ferrous Metals4.2%
Telecom - Services4.0%
Top 10 sectors by % to NAV. Excludes derivatives.