Kotak Multicap Fund
The fund maintains a defensive positioning anchored in financials and utilities, reflecting confidence in interest-rate-sensitive sectors and established blue-chips over growth plays. Recent trimming of software exposure via Wipro's exit, paired with new additions in consumer staples and cyclical energy, suggests a tactical shift toward valuation-driven opportunities in a potentially cooling market. The modest cash buffer and concentrated top-10 holdings indicate the manager is selectively hunting for quality rather than broadly diversifying.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹20.7690 | — | — | — | — |
| Regular Growth | ₹19.4450 | +0.83% | +5.28% | +21.56% | — |
| Direct IDCW | ₹19.0870 | — | — | — | — |
| Regular IDCW | ₹17.8710 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Hindustan Unilever Ltd. | 1.24% |
| Inter Globe Aviation Ltd | 0.83% |
| VEDANTA LTD. | 0.47% |
| VEDANTA IRON & STEEL LTD | 0.21% |
| TALWANDI SABO POWER LTD. | 0.21% |
| VEDANTA ALUMINIUM METAL LTD | 0.21% |
| MALCO ENERGY LIMITED | 0.21% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Maruti Suzuki India Limited INE585B01010 | 4.44% |
| 2 | Hero MotoCorp Ltd. INE158A01026 | 3.61% |
| 3 | INDUSIND BANK LTD. INE095A01012 | 3.55% |
| 4 | Radico Khaitan Ltd. INE944F01028 | 3.12% |
| 5 | Indus Towers Ltd. INE121J01017 | 3.07% |
| 6 | NTPC LTD INE733E01010 | 3.05% |
| 7 | STATE BANK OF INDIA. INE062A01020 | 2.99% |
| 8 | SHRIRAM FINANCE LIMITED INE721A01047 | 2.95% |
| 9 | Power Finance Corporation Ltd. INE134E01011 | 2.89% |
| 10 | ITC Ltd. INE154A01025 | 2.65% |
| 11 | NLC India Ltd. (Neyveli Lignite Corporation Ltd.) INE589A01014 | 2.32% |
| 12 | BANDHAN BANK LIMITED INE545U01014 | 2.29% |
| 13 | BHARTI AIRTEL LTD. INE397D01024 | 2.27% |
| 14 | ETERNAL LIMITED INE758T01015 | 2.25% |
| 15 | Kajaria Ceramics Ltd. INE217B01036 | 2.14% |
| 16 | Oracle Financial Services Software Ltd INE881D01027 | 1.94% |
| 17 | POONAWALLA FINCORP LIMITED INE511C01022 | 1.90% |
| 18 | Larsen and Toubro Ltd. INE018A01030 | 1.78% |
| 19 | RBL BANK LTD. INE976G01028 | 1.71% |
| 20 | Sun TV Network Limited INE424H01027 | 1.64% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Multicap Fund hold?
Kotak Multicap Fund holds 77 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.79% of NAV.
What is the largest holding in Kotak Multicap Fund?
The largest position in Kotak Multicap Fund is Maruti Suzuki India Limited, accounting for 4.44% of NAV in the Automobiles sector.
Is Kotak Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.390, Kotak Multicap Fund is well-diversified. The HHI concentration index is 19,597 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.79% of the portfolio.
What is the market cap allocation of Kotak Multicap Fund?
Based on SEBI's AMFI classification, Kotak Multicap Fund's equity portfolio is split as: Large Cap: 41.07%, Mid Cap: 25.37%, Small Cap: 30.84%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Multicap Fund invest in most?
Kotak Multicap Fund has the highest allocation to Banks (15.98%), Finance (10.27%), Automobiles (8.05%). The fund is invested across 32 sectors in total.
How actively managed is Kotak Multicap Fund compared to other Multi Cap Fund funds?
Kotak Multicap Fund has an Active Share of 77.41%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Kotak Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Multicap Fund added 7 new stocks (including Hindustan Unilever Ltd.) and exited 2 stocks (including FSN E-Commerce Ventures Ltd.). Total holding count increased from 74 to 79 stocks.