Kotak Large Cap Fund
The fund remains heavily concentrated in financial stocks, with banks commanding over a fifth of the portfolio, reflecting conviction in domestic consumption and credit growth. The recent addition of defence and passenger vehicle plays while trimming coal and pharma suggests the manager is pivoting toward structural growth themes within largecaps rather than commodity-linked cyclicals. This repositioning hints at confidence in India's manufacturing renaissance and urban mobility spending, though the 45 percent top-ten concentration leaves limited diversification benefit.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹540.8730 | -1.81% | -7.93% | -8.58% | -3.25% | +11.62% | +11.62% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Hindustan Aeronautics Ltd. | 0.41% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.25% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI BANK LTD. INE090A01021 | 6.95% |
| 2 | RELIANCE INDUSTRIES LTD. INE002A01018 | 6.88% |
| 3 | HDFC BANK LTD. INE040A01034 | 6.28% |
| 4 | STATE BANK OF INDIA. INE062A01020 | 4.51% |
| 5 | Larsen and Toubro Ltd. INE018A01030 | 4.17% |
| 6 | BHARTI AIRTEL LTD. INE397D01024 | 4.06% |
| 7 | NTPC LTD INE733E01010 | 3.26% |
| 8 | AXIS BANK LTD. INE238A01034 | 3.17% |
| 9 | Infosys Ltd. INE009A01021 | 3.16% |
| 10 | BAJAJ FINANCE LTD. INE296A01032 | 3.05% |
| 11 | Mahindra & Mahindra Ltd. INE101A01026 | 2.58% |
| 12 | Tata Steel Ltd. INE081A01020 | 2.28% |
| 13 | Maruti Suzuki India Limited INE585B01010 | 2.23% |
| 14 | ITC Ltd. INE154A01025 | 2.10% |
| 15 | Ultratech Cement Ltd. INE481G01011 | 2.09% |
| 16 | Solar Industries India Limited INE343H01029 | 1.84% |
| 17 | Triparty Repo | 1.83% |
| 18 | SUN PHARMACEUTICAL INDUSTRIES LTD. INE044A01036 | 1.81% |
| 19 | SHRIRAM FINANCE LIMITED INE721A01047 | 1.78% |
| 20 | TATA CONSULTANCY SERVICES LTD. INE467B01029 | 1.77% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.