EquitySectoral/ ThematicRegularGrowthVery High

Kotak MNC Fund

Q: What is the NAV of Kotak MNC Fund?

As of 05 Oct 2026, the NAV of Kotak MNC Fund is ₹12.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak MNC Fund delivered?

Kotak MNC Fund has returned +15.81% over 1 year and +10.77% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Kotak MNC Fund?

Kotak MNC Fund charges an expense ratio of 2.28% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Kotak MNC Fund?

Kotak MNC Fund's largest holdings are Maruti Suzuki India Limited (5.0%), MTAR TECHNOLOGIES LIMITED (4.3%), Hindustan Unilever Ltd. (4.3%), Ami Organics Ltd (4.1%) and AZAD ENGINEERING LTD (4.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak MNC Fund?

Kotak MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -16.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Kotak MNC Fund?

Kotak MNC Fund is benchmarked against the Nifty MNC Index (Total Return Index (TRI)). Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak MNC Fund?

Kotak MNC Fund is managed by Harsha Upadhyaya, Dhananjay Thikaria and Abhishek Bisen at Kotak Mahindra.

Q: How is Kotak MNC Fund taxed?

Kotak MNC Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Kotak Mahindra Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹12.20

+0.07% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak MNC Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+15.50%absolute

52-week rangePrev NAV ₹12.20

Latest ₹12.20

Low ₹9.9481st percentile of its 52-week rangeHigh ₹12.74

Scorecard

★★★★★5/5 vs 229 of 255 Sectoral/ Thematic peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 229 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskLow

Volatility 13.9% vs 15.6% category avg

CostAverage

2.3% expense vs 2.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 13.73pp
Ranks #20 of 229 on 1-year return in its Sectoral/ Thematic cohort
Less volatile than its Sectoral/ Thematic peers (13.9% vs 15.6%)

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.28%

Category 2.47%▼0.19%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

33.70

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.36

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCWs shall not be subject to entry and exit load Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.

Up to 0.50%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Nifty MNC Index (Total Return Index (TRI))

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

31 Oct 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.34%

Absolute return over the last 3 months (not annualized)

-1.94%

Absolute return over the last 6 months (not annualized)

+20.92%

Absolute return since 1 Jan of this year (not annualized)

+13.47%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+15.81%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.77%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.93%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-16.93%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-2.34%	-4.58%	+2.24%
3M abs	-1.94%	-2.62%	+0.68%
6M abs	+20.92%	+11.36%	+9.56%
1Y CAGR	+15.81%	+2.08%	+13.73%
3Y CAGR	—	+12.50%	—
5Y CAGR	—	+10.82%	—

Category average across peers in Sectoral/ Thematic (up to 255 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 255 peers in Sectoral/ Thematic

1Y return

+15.81%

Beats 91.7% · rank #20

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.29L

Absolute

+7.37%

XIRR

+16.48%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Kotak MNC Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+13.47%	-7.18%	+20.65%
2025	+6.50%	+7.94%	-1.44%
2024part	+0.79%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

474

Expense ratio

2.28%

AUM

₹2,054Cr

Portfolio turnover

47%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

33.7

P/B ratio

8.3

Avg market cap

₹1,21,474Cr

P/E & P/B are portfolio-weighted harmonic means across 40 of 44 equity holdings (91% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


Kotak MNC FundThis fund Kotak Mahindra · Regular · Growth	★★★★★ 1Y	+15.81%	—	—	—	2.28%	₹2,054Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Regular · Growth	★★★☆☆	+28.99%	+22.97%	+10.76%	—	2.50%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap39.5%
Mid cap25.9%
Small cap34.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.00%
Cash & Equivalents1.00%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Maruti Suzuki India Limited

4.99%

MTAR TECHNOLOGIES LIMITED

4.27%

Hindustan Unilever Ltd.

4.26%

Ami Organics Ltd

4.11%

AZAD ENGINEERING LTD

4.09%

Oracle Financial Services Software Ltd

3.80%

Britannia Industries Ltd.

3.75%

Nestle India Ltd.

3.56%

GE VERNOVA T&D INDIA LIMITED

3.47%

SUN PHARMACEUTICAL INDUSTRIES LTD.

3.44%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
HDFC MNC Fund HDFC · Sectoral/ Thematic	44.3%	★☆☆☆☆	1.87%	+6.80%
SBI MNC Fund SBI · Sectoral/ Thematic	37.0%	★★☆☆☆	1.39%	+6.57%
Aditya Birla Sun Life MNC Fund Aditya Birla Sun Life · Sectoral/ Thematic	36.7%	★☆☆☆☆	1.47%	+4.97%
ICICI Prudential MNC Fund ICICI Prudential · Sectoral/ Thematic	32.7%	★★★★☆	1.21%	+9.17%
Nippon India MNC Fund Nippon India · Sectoral/ Thematic	32.7%	★★☆☆☆	1.31%	—
UTI - MNC Fund UTI · Sectoral/ Thematic	30.1%	★★☆☆☆	1.52%	+7.75%
Kotak Manufacture in India Fund Kotak Mahindra · Sectoral/ Thematic	26.2%	★★★★★	0.77%	+20.42%
Kotak Multi Asset Allocation Fund Kotak Mahindra · Multi Asset Allocation	25.2% of 70% equity	★★★☆☆	0.64%	+17.13%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 4.27% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Mtar Technologies LimitedLong-term · Stage IV4.27%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-16.9%05 Dec 2024 → 07 Apr 2025
Fell over 4 months, back to the old high on 03 Sep 2025 — 5 months under water after the low.
-11.3%26 Feb 2026 → 23 Mar 2026
Fell over 25 days, back to the old high on 20 Apr 2026 — 28 days under water after the low.
-6.1%07 Jan 2026 → 21 Jan 2026
Fell over 14 days, back to the old high on 10 Feb 2026 — 20 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹2,054Cr

April - June 2026

+5%

since January - March 2026

−₹71.19Cr

est. net flow, last quarter

At or near its largest, ₹2,054Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

HUHarsha UpadhyayaStart date not disclosed

Role

CIO - Equity Bachelor and Debt

Experience

Mr. Harsha Upadhyaya has over three decades of rich experience spread over Fund Management and Equity Research. His prior stints have been with companies such as DSP BlackRock Investment Managers, UTI Asset Management Co. Ltd, Reliance Group, etc.

Funds managed (6)

All schemes Harsha Upadhyaya runs →

DTDhananjay ThikariaStart date not disclosed

ABAbhishek BisenStart date not disclosed

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm

Funds managed (80)

All schemes Abhishek Bisen runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Harsha Upadhyaya Abhishek Bisen

Top holdings

Maruti Suzuki India Limited MTAR TECHNOLOGIES LIMITED Hindustan Unilever Ltd.Ami Organics Ltd AZAD ENGINEERING LTD Oracle Financial Services Software Ltd Britannia Industries Ltd.Nestle India Ltd.GE VERNOVA T&D INDIA LIMITED SUN PHARMACEUTICAL INDUSTRIES LTD.INDO-MIM LTD SAMVARDHANA MOTHERSON INTERNATIONAL LTD

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Kotak MNC Fund?

As of 05 Oct 2026, the NAV of Kotak MNC Fund is ₹12.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak MNC Fund delivered?

Kotak MNC Fund has returned +15.81% over 1 year and +10.77% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak MNC Fund?

Kotak MNC Fund charges an expense ratio of 2.28% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak MNC Fund?

Kotak MNC Fund's largest holdings are Maruti Suzuki India Limited (5.0%), MTAR TECHNOLOGIES LIMITED (4.3%), Hindustan Unilever Ltd. (4.3%), Ami Organics Ltd (4.1%) and AZAD ENGINEERING LTD (4.1%). Holdings are disclosed monthly and change over time.

How risky is Kotak MNC Fund?

Kotak MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -16.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Kotak MNC Fund?

Kotak MNC Fund is benchmarked against the Nifty MNC Index (Total Return Index (TRI)). Its alpha and beta on this page are measured against that index.

Who manages Kotak MNC Fund?

Kotak MNC Fund is managed by Harsha Upadhyaya, Dhananjay Thikaria and Abhishek Bisen at Kotak Mahindra.

How is Kotak MNC Fund taxed?

Kotak MNC Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.