Kotak Business Cycle Fund
The fund is positioned for a cyclical recovery centered on banking and healthcare, with modest diversification across 56 holdings. However, the manager's recent shift toward Vedanta group commodities while trimming defensive pharma exposure signals growing conviction in economic acceleration and cyclical upside over defensive plays. The elevated cash position through repo suggests tactical flexibility rather than defensive hedging.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹16.0120 | +0.36% | +2.52% | +16.05% | — |
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 |
|---|---|
| VEDANTA LTD. | 0.71% |
| MALCO ENERGY LIMITED | 0.32% |
| VEDANTA ALUMINIUM METAL LTD | 0.32% |
| TALWANDI SABO POWER LTD. | 0.32% |
| VEDANTA IRON & STEEL LTD | 0.32% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI BANK LTD. INE090A01021 | 8.18% |
| 2 | AXIS BANK LTD. INE238A01034 | 4.23% |
| 3 | ADITYA INFOTECH LIMITED INE819V01029 | 3.86% |
| 4 | ASTER DM HEALTHCARE LTD INE914M01019 | 3.82% |
| 5 | ETERNAL LIMITED INE758T01015 | 3.24% |
| 6 | KRISHNA INSTITUTE OF MEDICAL INE967H01025 | 3.22% |
| 7 | BHARTI HEXACOM LTD. INE343G01021 | 3.13% |
| 8 | Triparty Repo | 2.97% |
| 9 | HDFC BANK LTD. INE040A01034 | 2.80% |
| 10 | VIJAYA DIAGNOSTIC CENTRE PVT INE043W01024 | 2.72% |
| 11 | SHRIRAM FINANCE LIMITED INE721A01047 | 2.63% |
| 12 | Maruti Suzuki India Limited INE585B01010 | 2.59% |
| 13 | VISHAL MEGA MART LIMITED INE01EA01019 | 2.49% |
| 14 | Avenue Supermarts Ltd INE192R01011 | 2.30% |
| 15 | GODREJ CONSUMER PRODUCTS LTD. INE102D01028 | 2.27% |
| 16 | 360 ONE WAM LIMITED INE466L01038 | 2.23% |
| 17 | Century Plyboards (India) Ltd. INE348B01021 | 2.22% |
| 18 | INDIAN BANK INE562A01011 | 2.17% |
| 19 | Mahindra & Mahindra Ltd. INE101A01026 | 2.17% |
| 20 | ICICI Lombard General Insurance Company Ltd INE765G01017 | 1.99% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Business Cycle Fund hold?
Kotak Business Cycle Fund holds 54 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.33% of NAV.
What is the largest holding in Kotak Business Cycle Fund?
The largest position in Kotak Business Cycle Fund is ICICI BANK LTD., accounting for 8.18% of NAV in the Banks sector.
Is Kotak Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.354, Kotak Business Cycle Fund is well-diversified. The HHI concentration index is 26,500 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.33% of the portfolio.
What is the market cap allocation of Kotak Business Cycle Fund?
Based on SEBI's AMFI classification, Kotak Business Cycle Fund's equity portfolio is split as: Large Cap: 45.97%, Mid Cap: 20.58%, Small Cap: 29.23%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Business Cycle Fund invest in most?
Kotak Business Cycle Fund has the highest allocation to Banks (17.38%), Healthcare Services (9.76%), Retailing (8.47%). The fund is invested across 30 sectors in total.
How actively managed is Kotak Business Cycle Fund compared to other Sectoral / Thematic funds?
Kotak Business Cycle Fund has an Active Share of 74.67%, 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 Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Business Cycle Fund added 5 new stocks (including VEDANTA LTD.) and exited 5 stocks (including Larsen and Toubro Ltd.). Total holding count remained at 56 stocks.