Kotak Flexi Cap Fund
The scheme seeks to generate longterm capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors.
Growthvine rating: 4/5 — ranked #9 of 56 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹78.83 (as of 2026-10-23) |
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| AUM | ₹56,392 Cr |
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| Expense ratio | 1.22% |
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| Riskometer | Very High |
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| Fund manager | Harsha Upadhyaya |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 8.81% |
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| Sharpe ratio | 0.3 |
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| Standard deviation | 15.34% |
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| Max drawdown | −37.42% |
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| Alpha | 0.46 |
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| Beta | 0.95 |
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Over 5 years, captured 96.1% of Nifty 500's upside and 95.0% of its downside.
Market cap allocation
| Large cap | 70.7% |
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| Mid cap | 25.4% |
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| Small cap | 3.9% |
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Concentration
| Top 5 holdings | 24.6% |
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| Top 10 holdings | 42.2% |
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| Total holdings | 55 |
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| Index overlap | 39.9% |
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| Active share | 60.1% |
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Top holdings
- ICICI Bank Ltd. — 5.5%
- Bharat Electronics Ltd. — 5.3%
- HDFC Bank Ltd. — 5.3%
- State Bank Of India — 4.3%
- Eternal Limited — 4.2%
- JINDAL STEEL LIMITED — 4.1%
- Solar Industries India Limited — 3.7%
- Larsen & Toubro Limited — 3.5%
- AXIS Bank Ltd. — 3.3%
- SRF Ltd. — 2.9%
Top sectors
- Banking & Financial — 26.4%
- Construction — 8.4%
- Automobile — 8.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.5% | Q4 (Bottom) | #39 of 50 |
| 2025 | 9.5% | Q1 (Top) | #5 of 43 |
| 2024 | 16.5% | Q3 | #27 of 42 |
| 2023 | 24.2% | Q4 (Bottom) | #30 of 36 |
| 2022 | 5.0% | Q1 (Top) | #7 of 30 |