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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹161.2540 | +1.45% | — | — | — |
| Regular Growth | ₹138.1600 | +1.37% | +8.09% | +20.86% | +18.96% |
| Direct IDCW | ₹96.0730 | +1.45% | — | — | — |
| Regular IDCW | ₹75.8810 | +1.37% | — | — | — |
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 | 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.
Frequently Asked Questions
How many stocks does Kotak Midcap Fund hold?
Kotak Midcap Fund holds 65 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.59% of NAV.
What is the largest holding in Kotak Midcap Fund?
The largest position in Kotak Midcap Fund is GE VERNOVA T&D INDIA LIMITED, accounting for 4.89% of NAV in the Electrical Equipment sector.
Is Kotak Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.281, Kotak Midcap Fund is well-diversified. The HHI concentration index is 19,566 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.59% of the portfolio.
What is the market cap allocation of Kotak Midcap Fund?
Based on SEBI's AMFI classification, Kotak Midcap Fund's equity portfolio is split as: Large Cap: 11.82%, Mid Cap: 73.25%, Small Cap: 14.10%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Midcap Fund invest in most?
Kotak Midcap Fund has the highest allocation to Finance (11.96%), IT - Software (7.74%), Healthcare Services (7.26%). The fund is invested across 24 sectors in total.
How actively managed is Kotak Midcap Fund compared to other Mid Cap Fund funds?
Kotak Midcap Fund has an Active Share of 63.90%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Kotak Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Midcap Fund exited 2 stocks (including RUBICON RESEARCH LIMITED). Total holding count decreased from 69 to 67 stocks.