Kotak Flexi Cap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹83.1490 | -1.87% | -0.20% | +14.12% | +13.16% |
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 | |
|---|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Flexi Cap Fund hold?
Kotak Flexi Cap Fund holds 57 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.29% of NAV.
What is the largest holding in Kotak Flexi Cap Fund?
The largest position in Kotak Flexi Cap Fund is Bharat Electronics Ltd., accounting for 5.78% of NAV in the Aerospace and Defense sector.
Is Kotak Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.417, Kotak Flexi Cap Fund is well-diversified. The HHI concentration index is 27,318 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.29% of the portfolio.
What is the market cap allocation of Kotak Flexi Cap Fund?
Based on SEBI's AMFI classification, Kotak Flexi Cap Fund's equity portfolio is split as: Large Cap: 65.00%, Mid Cap: 26.87%, Small Cap: 4.14%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Flexi Cap Fund invest in most?
Kotak Flexi Cap Fund has the highest allocation to Banks (23.16%), Chemicals and Petrochemicals (6.24%), Aerospace and Defense (5.78%). The fund is invested across 28 sectors in total.
How actively managed is Kotak Flexi Cap Fund compared to other Flexi Cap Fund funds?
Kotak Flexi Cap Fund has an Active Share of 58.49%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Kotak Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Flexi Cap Fund exited 1 stock (including HCL Technologies Ltd.). Total holding count decreased from 60 to 59 stocks.