Kotak Midcap Fund
Kotak Midcap Fund has repositioned toward infrastructure and discretionary consumption themes, evidenced by GE Vernova's commanding 4.89% position and fresh retail exposure via Vishal Mega Mart. The manager exited Wipro, signaling reduced conviction in established IT giants while maintaining software exposure through Oracle FSL and Mphasis—suggesting a preference for niche software players. With 67 holdings and top-10 at 29.4%, the fund balances selective conviction with diversification, capturing the midcap rally with a portfolio tilt toward electrification, healthcare, and emerging retail narratives.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹159.9420 | +3.60% | — | — | — | — | — |
| Regular Growth | ₹137.0410 | +3.52% | +0.65% | -0.77% | +9.10% | +20.73% | +18.76% |
| Direct IDCW | ₹95.2910 | +3.60% | — | — | — | — | — |
| Regular IDCW | ₹75.2660 | +3.52% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | GE VERNOVA T&D INDIA LIMITED INE200A01026 | 4.89% |
| 2 | Fortis Healthcare India Ltd INE061F01013 | 4.08% |
| 3 | IPCA Laboratories Ltd. INE571A01038 | 2.98% |
| 4 | Mphasis Ltd INE356A01018 | 2.84% |
| 5 | KEI Industries Ltd. INE878B01027 | 2.80% |
| 6 | INDIAN BANK INE562A01011 | 2.45% |
| 7 | Solar Industries India Limited INE343H01029 | 2.42% |
| 8 | VISHAL MEGA MART LIMITED INE01EA01019 | 2.34% |
| 9 | Oracle Financial Services Software Ltd INE881D01027 | 2.29% |
| 10 | Bharat Electronics Ltd. INE263A01024 | 2.28% |
| 11 | Apar Industries Ltd. INE372A01015 | 2.18% |
| 12 | Dixon Technologies India Ltd INE935N01020 | 2.07% |
| 13 | L&T FINANCE HOLDINGS LTD INE498L01015 | 2.05% |
| 14 | BSE LTD INE118H01025 | 2.04% |
| 15 | JK Cement Ltd. INE823G01014 | 2.02% |
| 16 | BANK OF MAHARASHTRA INE457A01014 | 1.97% |
| 17 | Oberoi Realty Limited INE093I01010 | 1.95% |
| 18 | Schaeffler India Ltd INE513A01022 | 1.88% |
| 19 | Coromandel International Limited INE169A01031 | 1.79% |
| 20 | BHARTI HEXACOM LTD. INE343G01021 | 1.77% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.