Kotak Banking & Financial Services Fund
The fund maintains aggressive exposure to India's banking oligopoly, with the big four banks commanding nearly 41 percent of assets, signaling conviction in their structural resilience and dividend potential. The concentrated 65 percent weighting in top-10 holdings reflects a quality-over-breadth approach, though the modest addition to Power Finance Corporation and exit from insurance suggest the manager is rebalancing within financial services rather than dramatically shifting thesis. Cash minimization and tight sector focus indicate confidence in banking-led growth, though concentrated bets amplify downside risk during sector corrections.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.1870 | — | — | — | — |
| Regular Growth | ₹15.3990 | -1.87% | +1.60% | +12.15% | — |
| Direct IDCW | ₹16.1850 | — | — | — | — |
| Regular IDCW | ₹15.3990 | — | — | — | — |
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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC BANK LTD. INE040A01034 | 12.92% |
| 2 | ICICI BANK LTD. INE090A01021 | 11.26% |
| 3 | STATE BANK OF INDIA. INE062A01020 | 9.27% |
| 4 | AXIS BANK LTD. INE238A01034 | 7.96% |
| 5 | BAJAJ FINANCE LTD. INE296A01032 | 5.91% |
| 6 | SHRIRAM FINANCE LIMITED INE721A01047 | 4.61% |
| 7 | BSE LTD INE118H01025 | 4.38% |
| 8 | KOTAK MAHINDRA BANK LTD. INE237A01036 | 3.40% |
| 9 | Triparty Repo | 2.61% |
| 10 | BANK OF MAHARASHTRA INE457A01014 | 2.38% |
| 11 | POONAWALLA FINCORP LIMITED INE511C01022 | 2.37% |
| 12 | INDUSIND BANK LTD. INE095A01012 | 2.36% |
| 13 | Nippon Life Asset Management Ltd INE298J01013 | 2.34% |
| 14 | Power Finance Corporation Ltd. INE134E01011 | 2.34% |
| 15 | Ujjivan Small Finance Bank Ltd. INE551W01018 | 2.02% |
| 16 | SBI Life Insurance Company Ltd INE123W01016 | 1.99% |
| 17 | BANK OF BARODA INE028A01039 | 1.95% |
| 18 | KARUR VYSYA BANK LTD. INE036D01028 | 1.87% |
| 19 | CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. INE121A01024 | 1.78% |
| 20 | APTUS VALUE HOUSING FINANCE INE852O01025 | 1.62% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Banking & Financial Services Fund hold?
Kotak Banking & Financial Services Fund holds 33 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 47.32% of NAV.
What is the largest holding in Kotak Banking & Financial Services Fund?
The largest position in Kotak Banking & Financial Services Fund is HDFC BANK LTD., accounting for 12.92% of NAV in the Banks sector.
Is Kotak Banking & Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.471, Kotak Banking & Financial Services Fund is moderately concentrated. The HHI concentration index is 59,730 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 47.32% of the portfolio.
What is the market cap allocation of Kotak Banking & Financial Services Fund?
Based on SEBI's AMFI classification, Kotak Banking & Financial Services Fund's equity portfolio is split as: Large Cap: 61.37%, Mid Cap: 20.02%, Small Cap: 13.03%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Banking & Financial Services Fund invest in most?
Kotak Banking & Financial Services Fund has the highest allocation to Banks (59.35%), Finance (23.05%), Capital Markets (10.96%). The fund is invested across 5 sectors in total.
How actively managed is Kotak Banking & Financial Services Fund compared to other Sectoral / Thematic funds?
Kotak Banking & Financial Services Fund has an Active Share of 82.98%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Kotak Banking & Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Banking & Financial Services Fund exited 1 stock (including HDFC Life Insurance Company Ltd). Total holding count decreased from 36 to 35 stocks.