Funds/Sectoral / Thematic/Kotak MNC Fund

Kotak MNC Fund

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

The fund maintains a concentrated bet on multinational-linked businesses—particularly electrical equipment, pharmaceuticals, and defensive FMCG—positioning it for stable earnings and export tailwinds. The manager's recent rotation reveals a shift away from commodity-exposed plays like Vedanta toward quality domestic consumption names and niche industrial exporters, signaling conviction in resilient, margin-accretive businesses over cyclical value. High top-10 concentration and selective portfolio churn suggest disciplined conviction rather than reactive positioning.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹11.8700	—	—	—	—	—	—
Regular Growth	₹11.6090	+7.95%	+7.60%	+9.28%	+21.10%	—	—
Direct IDCW	₹11.8710	—	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

31.36%

Top 10 Weight

50.28%

Active Share

—

Large Cap

39.79%

Gini

0.366

What Changed2026-03-31 → 2026-04-30

Holdings: 41 → 42+7 added−6 removed24 weight shifts ≥ 0.1%

Stock	Sector	Weight
APTUS VALUE HOUSING FINANCE	Finance	1.52%
MIDWEST LTD	Consumer Durables	1.42%
MALCO ENERGY LIMITED	Power	0.89%
TALWANDI SABO POWER LTD.	Power	0.89%
VEDANTA ALUMINIUM METAL LTD	Non - Ferrous Metals	0.89%
VEDANTA IRON & STEEL LTD	Ferrous Metals	0.89%
Igarashi Motors Ltd	Auto Components	0.51%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	7.67%
2	Hindustan Unilever Ltd. INE030A01027	Diversified FMCG	EQUITY	7.47%
3	Britannia Industries Ltd. INE216A01030	Food Products	EQUITY	6.07%
4	Nestle India Ltd. INE239A01024	Food Products	EQUITY	5.34%
5	Ami Organics Ltd INE00FF01025	Pharmaceuticals and Biotechnology	EQUITY	4.81%
6	MTAR TECHNOLOGIES LIMITED INE864I01014	Electrical Equipment	EQUITY	4.54%
7	GE VERNOVA T&D INDIA LIMITED INE200A01026	Electrical Equipment	EQUITY	4.14%
8	JB Chemicals & Pharmaceuticals Ltd. INE572A01036	Pharmaceuticals and Biotechnology	EQUITY	3.54%
9	AZAD ENGINEERING LTD INE02IJ01035	Electrical Equipment	EQUITY	3.53%
10	Ashok Leyland Ltd. INE208A01029	Agricultural, Commercial and Constr	EQUITY	3.17%
11	Nippon Life Asset Management Ltd INE298J01013	Capital Markets	EQUITY	2.88%
12	Cummins India Ltd. INE298A01020	Industrial Products	EQUITY	2.84%
13	United Spirits Ltd INE854D01024	Beverages	EQUITY	2.65%
14	Oracle Financial Services Software Ltd INE881D01027	IT - Software	EQUITY	2.37%
15	Schaeffler India Ltd INE513A01022	Auto Components	EQUITY	2.35%
16	ZF Commercial Vehicle Control Systems India Ltd INE342J01019	Auto Components	EQUITY	2.34%
17	ASTER DM HEALTHCARE LTD INE914M01019	Healthcare Services	EQUITY	2.16%
18	Siemens Ltd. INE003A01024	Electrical Equipment	EQUITY	2.11%
19	VEDANTA LTD. INE205A01025	Diversified Metals	EQUITY	1.99%
20	BHARTI AIRTEL LTD. INE397D01024	Telecom - Services	EQUITY	1.98%

Sector Allocation

Electrical Equipment16.1%

Pharmaceuticals and Biotechnology13.5%

Food Products11.4%

Auto Components7.7%

Automobiles7.7%

Diversified FMCG7.5%

Industrial Products5.4%

Capital Markets4.9%

Healthcare Services4.1%

Agricultural, Commercial and Constr3.2%

Top 10 sectors by % to NAV. Excludes derivatives.