Kotak Infrastructure and Economic Reform Fund
The fund remains heavily tilted toward infrastructure and capital-goods businesses, with construction and industrial products comprising over 30 percent of holdings. The significant weighting in L&T, cement, and project-related stocks signals the manager expects sustained government spending and urbanization momentum. Airtel's modest reduction suggests selective profit-taking rather than conviction loss, while the concentrated top-10 exposure of 43 percent reflects conviction in large-cap infrastructure plays capable of benefiting from India's capex cycle.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹78.3780 | +2.30% | +0.76% | -0.38% | +7.85% | +19.56% | +23.30% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Larsen and Toubro Ltd. INE018A01030 | 10.27% |
| 2 | BHARTI AIRTEL LTD. INE397D01024 | 5.37% |
| 3 | RELIANCE INDUSTRIES LTD. INE002A01018 | 4.76% |
| 4 | Indus Towers Ltd. INE121J01017 | 3.89% |
| 5 | Solar Industries India Limited INE343H01029 | 3.51% |
| 6 | KALPATARU PROJECTS INTERNATIONAL LIMITED INE220B01022 | 3.32% |
| 7 | Cummins India Ltd. INE298A01020 | 3.24% |
| 8 | Ultratech Cement Ltd. INE481G01011 | 2.93% |
| 9 | V.S.T Tillers Tractors Ltd INE764D01017 | 2.84% |
| 10 | Shree Cement Ltd. INE070A01015 | 2.75% |
| 11 | Bosch Limited INE323A01026 | 2.65% |
| 12 | Mahindra Logistics Ltd INE766P01016 | 2.42% |
| 13 | KSH INTERNATIONAL INE987S01020 | 2.18% |
| 14 | Ashok Leyland Ltd. INE208A01029 | 2.05% |
| 15 | Sansera Engineering Ltd INE953O01021 | 2.01% |
| 16 | ATLANTA ELECTRICALS LIMITED INE0Z4F01028 | 1.97% |
| 17 | Engineers India Ltd INE510A01028 | 1.91% |
| 18 | Bharat Electronics Ltd. INE263A01024 | 1.82% |
| 19 | Kajaria Ceramics Ltd. INE217B01036 | 1.80% |
| 20 | SHRIRAM FINANCE LIMITED INE721A01047 | 1.78% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.