Kotak Services Fund
The Kotak Services Fund heavily concentrates on financial intermediaries and utilities, with banks alone representing nearly a third of the portfolio. The manager is signaling a tactical shift by deploying excess cash into infrastructure and IT stocks—adding multiple software names and power companies—while trimming repo exposure, suggesting confidence in equities over short-term instruments. This repositioning reflects conviction in cyclical recovery and quality discretionary names despite maintaining a concentrated bet on domestic banking strength.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹9.8700 | -4.29% | — | — | — |
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 |
|---|---|
| Infosys Ltd. | 4.32% |
| HCL Technologies Ltd. | 2.86% |
| TATA CONSULTANCY SERVICES LTD. | 1.33% |
| BANK OF BARODA | 0.71% |
| NTPC LTD | 0.70% |
| Ujjivan Small Finance Bank Ltd. | 0.63% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.62% |
| BANDHAN BANK LIMITED | 0.39% |
| R R KABEL LTD | 0.22% |
| EQUITAS SMALL FINANCE BANK LTD. | 0.14% |
| HONASA CONSUMER LTD. | 0.07% |
| KOTAK NIFTY 200 MOMENTUM 30 ETF | 0.05% |
| KOTAK NIFTY 100 LOW VOLATILITY 30 ETF | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | STATE BANK OF INDIA. INE062A01020 | 9.86% |
| 2 | AXIS BANK LTD. INE238A01034 | 9.72% |
| 3 | ICICI BANK LTD. INE090A01021 | 9.60% |
| 4 | Triparty Repo | 8.29% |
| 5 | Power Grid Corporation of India Ltd. INE752E01010 | 8.19% |
| 6 | BHARTI AIRTEL LTD. INE397D01024 | 8.15% |
| 7 | Net Current Assets/(Liabilities) | 6.54% |
| 8 | CNX BANK INDEX-MAY2026 | 5.90%(der) |
| 9 | TITAN COMPANY LTD. INE280A01028 | 4.54% |
| 10 | Infosys Ltd. INE009A01021 | 4.32% |
| 11 | Max Healthcare Institute Ltd. INE027H01010 | 4.30% |
| 12 | PNB HOUSING FINANCE LTD. INE572E01012 | 3.85% |
| 13 | BAJAJ FINANCE LTD. INE296A01032 | 3.62% |
| 14 | HCL Technologies Ltd. INE860A01027 | 2.86% |
| 15 | Tech Mahindra Ltd. INE669C01036 | 2.33% |
| 16 | SHRIRAM FINANCE LIMITED INE721A01047 | 1.93% |
| 17 | HDFC BANK LTD. INE040A01034 | 1.69% |
| 18 | TATA CONSULTANCY SERVICES LTD. INE467B01029 | 1.33% |
| 19 | ANGEL ONE LIMITED INE732I01021 | 1.22% |
| 20 | United Spirits Ltd INE854D01024 | 1.21% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Services Fund hold?
Kotak Services Fund holds 33 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 45.52% of NAV.
What is the largest holding in Kotak Services Fund?
The largest position in Kotak Services Fund is STATE BANK OF INDIA., accounting for 9.86% of NAV in the Banks sector.
Is Kotak Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.599, Kotak Services Fund is moderately concentrated. The HHI concentration index is 53,203 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 45.52% of the portfolio.
What is the market cap allocation of Kotak Services Fund?
Based on SEBI's AMFI classification, Kotak Services Fund's equity portfolio is split as: Large Cap: 75.64%, Mid Cap: 1.31%, Small Cap: 6.94%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Services Fund invest in most?
Kotak Services Fund has the highest allocation to Banks (32.74%), IT - Software (10.84%), Finance (9.40%). The fund is invested across 15 sectors in total.
How actively managed is Kotak Services Fund compared to other Sectoral / Thematic funds?
Kotak Services Fund has an Active Share of 73.23%, 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 Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Services Fund added 13 new stocks (including Infosys Ltd.). Total holding count increased from 22 to 35 stocks.