Asset Sadhu
Funds/Sectoral / Thematic/Kotak ESG Exclusionary Strategy Fund

Kotak ESG Exclusionary Strategy Fund

Kotak Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a heavily concentrated financial services tilt, with banks and non-bank finance representing nearly 31 percent of the portfolio, signaling conviction in India's credit cycle resilience. The manager exited high-dividend energy and pharma plays while boosting software exposure, particularly Infosys, suggesting a shift toward quality growth over cyclical defensiveness. With nearly half the portfolio in ten holdings and minimal cash, this ESG strategy operates with conviction in large-cap quality, betting on domestic economic momentum rather than valuation compression hedges.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M3M6M1Y3Y CAGR5Y CAGR
Direct Growth₹17.4510——————
Regular Growth₹16.0060-2.56%-9.47%-9.02%-3.62%+10.25%+8.57%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
47
Top 5 Weight
28.17%
Top 10 Weight
48.56%
Active Share
—
Large Cap
76.57%
Gini
0.417

What Changed2026-03-31 → 2026-04-30

Holdings: 51 → 49+0 added−2 removed16 weight shifts ≥ 0.1%
StockWeight
No new entries this month

Full Holdings

#Holding% to NAV
1
BHARTI AIRTEL LTD.
INE397D01024
7.67%
2
HDFC BANK LTD.
INE040A01034
6.15%
3
ICICI BANK LTD.
INE090A01021
5.04%
4
Infosys Ltd.
INE009A01021
4.71%
5
ETERNAL LIMITED
INE758T01015
4.60%
6
Larsen and Toubro Ltd.
INE018A01030
4.32%
7
BAJAJ FINANCE LTD.
INE296A01032
4.11%
8
Linde India Ltd.
INE473A01011
4.08%
9
AXIS BANK LTD.
INE238A01034
4.05%
10
STATE BANK OF INDIA.
INE062A01020
3.83%
11
Ultratech Cement Ltd.
INE481G01011
3.70%
12
SHRIRAM FINANCE LIMITED
INE721A01047
3.36%
13
Triparty Repo
2.98%
14
BHARAT FORGE LTD.
INE465A01025
2.25%
15
TATA CONSULTANCY SERVICES LTD.
INE467B01029
2.17%
16
Bosch Limited
INE323A01026
2.15%
17
Hero MotoCorp Ltd.
INE158A01026
2.03%
18
Avenue Supermarts Ltd
INE192R01011
2.01%
19
AMBUJA CEMENTS LTD.
INE079A01024
1.77%
20
Glaxosmithkline Pharma Ltd
INE159A01016
1.71%

Sector Allocation

Banks22.1%
IT - Software9.4%
Telecom - Services8.8%
Finance8.5%
Retailing7.8%
Cement and Cement Products5.9%
Auto Components5.2%
Chemicals and Petrochemicals5.2%
Construction4.3%
Pharmaceuticals and Biotechnology4.0%

Top 10 sectors by % to NAV. Excludes derivatives.