Kotak Business Cycle Fund
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Growthvine rating: 5/5 — ranked #16 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹16.41 (as of 2026-10-22) |
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| AUM | ₹3,509 Cr |
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| Expense ratio | 1.65% |
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| Riskometer | Very High |
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| Fund manager | Harish Bihani |
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| Exit load | 0.5% for redemption within 90 days |
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Performance & risk
| Sharpe ratio | 0.55 |
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| Standard deviation | 15.56% |
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| Max drawdown | −18.93% |
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| Alpha | 4.39 |
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| Beta | 0.94 |
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Over 5 years, captured 100.4% of Nifty 500's upside and 81.8% of its downside.
Market cap allocation
| Large cap | 42.6% |
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| Mid cap | 21.3% |
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| Small cap | 36.1% |
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Concentration
| Top 5 holdings | 25.5% |
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| Top 10 holdings | 40.8% |
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| Total holdings | 52 |
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Top holdings
- ICICI Bank Ltd. — 7.7%
- Aditya Infotech Limited — 5.7%
- Indo Mim Ltd — 4.4%
- Eternal Limited — 4.1%
- AXIS Bank Ltd. — 3.7%
- Aster DM Healthcare Limited — 3.4%
- Krishna Institute of Medical Sciences Limited — 3.2%
- Vijaya Diagnostic Centre Limited — 3.1%
- ACME Solar Holdings Limited — 2.9%
- Lenskart Solutions Limited — 2.7%
Top sectors
- Banking & Financial — 20.5%
- Retail — 13.1%
- Industrial Products — 11.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −1.0% | Q2 | #48 of 167 |
| 2025 | 5.4% | Q2 | #53 of 132 |
| 2024 | 27.4% | Q1 (Top) | #12 of 86 |
| 2023 | 22.6% | Q4 (Bottom) | #60 of 66 |