Kotak Multicap Fund
Kotak Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹20.5300 | — | — | — | — | — | — |
| Regular Growth | ₹19.2230 | +2.32% | -2.74% | -3.97% | +6.36% | +21.33% | — |
| Direct IDCW | ₹18.8680 | — | — | — | — | — | — |
| Regular IDCW | ₹17.6660 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
77
Top 5 Weight
17.79%
Top 10 Weight
32.32%
Active Share
—
Large Cap
41.07%
Gini
0.390
What Changed2026-03-31 → 2026-04-30
Holdings: 74 → 79+7 added−2 removed32 weight shifts ≥ 0.1%
| 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
Banks16.0%
Finance10.3%
Automobiles8.1%
IT - Software6.8%
Construction6.2%
Telecom - Services6.1%
Power5.8%
Beverages4.1%
Consumer Durables4.0%
Diversified FMCG3.9%
Top 10 sectors by % to NAV. Excludes derivatives.