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 #17 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹17.55 (as of 2026-08-21) |
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| AUM | ₹3,411 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 | 0.62 |
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| Standard deviation | 15.30% |
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| Max drawdown | -18.93% |
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| Alpha | 3.14 |
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| Beta | 0.95 |
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Over 5 years, captured 98.5% of Nifty 500's upside and 84.2% of its downside.
Market cap allocation
| Large cap | 45.3% |
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| Mid cap | 22.0% |
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| Small cap | 32.7% |
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Concentration
| Top 5 holdings | 24.9% |
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| Top 10 holdings | 39.8% |
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| Total holdings | 51 |
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Top holdings
- ICICI Bank Ltd. — 8.4%
- Aditya Infotech Limited — 5.1%
- Aster DM Healthcare Limited — 4.0%
- Eternal Limited — 3.8%
- AXIS Bank Ltd. — 3.7%
- Krishna Institute of Medical Sciences Limited — 3.5%
- Bharti Hexacom Limited — 3.0%
- Vijaya Diagnostic Centre Limited — 2.9%
- HDFC Bank Ltd. — 2.8%
- Indo Mim Ltd — 2.7%
Top sectors
- Banking & Financial — 20.8%
- Retail — 12.7%
- Healthcare — 10.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 5.8% | Q2 | #65 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 |