Kotak Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹86.28+0.14%1 day
- Return since launch
- 13.3%
- 52-week range
- ₹76.63 — ₹89.36
- AUM
- ₹53,087 Cr
Kotak Flexi Cap Fund is a Flexi Cap equity fund from Kotak Mahindra Mutual Fund with ₹53,087 Cr under management, launched in 2009. Over three years it has returned 5.5% a year, against 12.4% for its category. The expense ratio is 1.49% and the SEBI riskometer reading is Very High.
Performance
Kotak Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.5% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.5% | +0.7 pts | 2.8% | 6.2% |
| 2Y | 4.1% | −2.3 pts | 6.4% | 4.0% |
| 3Y | 5.5% | −6.9 pts | 12.4% | 4.8% |
| 5Y | 10.1% | +0.2 pts | 9.9% | 9.5% |
| 7Y | 12.4% | −1.1 pts | 13.5% | 11.9% |
| 10Y | 12.3% | −1.0 pts | 13.3% | 11.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 8.1% | +2.3 pts | 5.8% | 5.9% |
| 3M | -0.5% | 0.0 pts | -0.5% | -0.7% |
| 6M | 3.3% | −2.7 pts | 6.0% | 5.4% |
| 1Y | 0.3% | −2.5 pts | 2.8% | -0.3% |
| 2Y | 3.7% | +0.4 pts | 3.3% | 1.6% |
| 3Y | 12.1% | −0.3 pts | 12.4% | 10.9% |
| 5Y | 9.7% | −0.2 pts | 9.9% | 8.7% |
| 7Y | 12.9% | −1.7 pts | 14.6% | 12.6% |
| 10Y | 12.6% | −0.8 pts | 13.3% | 11.4% |
Since launch (22 Jul 2009): 13.3%
Calendar-year returns
Category average11.8%
25.4%
5.0%
24.2%
16.4%
9.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 9.5% | +5.3 pts | 4.2% |
| 2024 | 16.4% | −5.4 pts | 21.8% |
| 2023 | 24.2% | −5.5 pts | 29.7% |
| 2022 | 5.0% | +3.3 pts | 1.7% |
| 2021 | 25.4% | −9.0 pts | 34.4% |
| 2020 | 11.8% | −7.2 pts | 19.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.48%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.22%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.25%
- Exit load
- Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.67 | 5.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.46 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.17 | 17.12 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Flexi Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.5%
- Debt0.2%
- Other1.3%
Market cap split
- Large70.7%
- Mid25.9%
- Small3.4%
- P/E
- 24.61
- P/B
- 3.12
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.48% | ₹2,908 Cr | +5.42% | +5.29% | +6.61% |
| Bharat Electronics Ltd. | Capital Goods | 5.34% | ₹2,835 Cr | +5.42% | +6.03% | +6.05% |
| HDFC Bank Ltd. | Financial | 5.27% | ₹2,799 Cr | +5.64% | +5.76% | +5.63% |
| State Bank of India | Financial | 4.30% | ₹2,284 Cr | +4.38% | +4.65% | +3.84% |
| Eternal Ltd. | Services | 4.22% | ₹2,240 Cr | +3.32% | +3.11% | +3.61% |
| Jindal Steel Ltd. | Metals & Mining | 4.06% | ₹2,156 Cr | +3.61% | +4.22% | +3.74% |
| Solar Industries India Ltd. | Chemicals | 3.71% | ₹1,970 Cr | +3.35% | +2.41% | +2.46% |
| Larsen & Toubro Ltd. | Construction | 3.54% | ₹1,880 Cr | +3.93% | +3.70% | +3.65% |
| Axis Bank Ltd. | Financial | 3.35% | ₹1,778 Cr | +3.86% | +3.71% | +3.35% |
| SRF Ltd. | Chemicals | 2.89% | ₹1,533 Cr | +3.07% | +3.04% | +3.26% |
| Bharti Airtel Ltd. | Communication | 2.88% | ₹1,529 Cr | +2.88% | +3.09% | +2.87% |
| Ultratech Cement Ltd. | Materials | 2.84% | ₹1,506 Cr | +2.77% | +2.95% | +3.11% |
| Interglobe Aviation Ltd. | Services | 2.53% | ₹1,346 Cr | +2.60% | +2.12% | +2.74% |
| Bharat Forge Ltd. | Automobile | 2.39% | ₹1,271 Cr | +2.53% | +2.20% | +1.48% |
| Zydus Lifesciences Ltd. | Healthcare | 2.28% | ₹1,210 Cr | +2.07% | +1.82% | +1.91% |
| Reliance Industries Ltd. | Energy | 2.24% | ₹1,187 Cr | +2.32% | +2.68% | +2.52% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.14% | ₹1,135 Cr | +1.07% | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.08% | ₹1,102 Cr | +0.43% | — | — |
| Bajaj Finance Ltd. | Financial | 1.99% | ₹1,055 Cr | +1.98% | +1.76% | +1.66% |
| Hero Motocorp Ltd. | Automobile | 1.97% | ₹1,048 Cr | +1.72% | +2.02% | +2.02% |
| BSE Ltd. | Services | 1.81% | ₹959 Cr | +2.15% | +1.66% | +0.91% |
| Maruti Suzuki India Ltd. | Automobile | 1.80% | ₹957 Cr | +2.02% | +1.96% | +2.37% |
| AU Small Finance Bank Ltd. | Financial | 1.69% | ₹899 Cr | +1.65% | +1.50% | +1.20% |
| Infosys Ltd. | Technology | 1.60% | ₹852 Cr | +1.53% | +0.39% | +3.07% |
| Kotak Mahindra Bank Ltd. | Financial | 1.45% | ₹771 Cr | +1.30% | +1.30% | +1.36% |
| Petronet LNG Ltd. | Energy | 1.39% | ₹740 Cr | +1.31% | +1.29% | +1.34% |
| Thermax Ltd. | Capital Goods | 1.39% | ₹738 Cr | +2.01% | +1.41% | +1.29% |
| Tech Mahindra Ltd. | Technology | 1.35% | ₹716 Cr | +1.18% | +1.30% | +1.22% |
| NTPC Ltd. | Energy | 1.28% | ₹678 Cr | +1.34% | +1.33% | +1.01% |
| Indusind Bank Ltd. | Financial | 1.27% | ₹676 Cr | +1.24% | +1.13% | — |
| Others | Others | 1.27% | ₹675 Cr | -2.84% | -3.50% | -0.53% |
| The Ramco Cements Ltd. | Materials | 1.19% | ₹634 Cr | +1.28% | +1.41% | +1.40% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.14% | ₹607 Cr | +1.16% | +0.84% | — |
| Shriram Finance Ltd | Financial | 1.11% | ₹590 Cr | +1.12% | +0.61% | +0.28% |
| Ajanta Pharma Ltd. | Healthcare | 1.10% | ₹586 Cr | +0.99% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.03% | ₹546 Cr | +1.03% | +1.06% | +1.19% |
| Power Grid Corporation Of India Ltd. | Energy | 0.98% | ₹521 Cr | +1.03% | +1.18% | +1.04% |
| Indus Towers Ltd. | Communication | 0.91% | ₹485 Cr | +0.91% | +1.08% | — |
| MRF Ltd. | Automobile | 0.90% | ₹476 Cr | +0.87% | +0.97% | +1.02% |
| Cipla Ltd. | Healthcare | 0.89% | ₹471 Cr | +0.92% | +0.85% | +0.99% |
| Dalmia Bharat Ltd. | Materials | 0.86% | ₹455 Cr | +0.82% | +0.96% | +1.02% |
| AIA Engineering Ltd. | Metals & Mining | 0.78% | ₹415 Cr | +0.98% | +0.78% | +0.61% |
| BEML Ltd. | Capital Goods | 0.71% | ₹379 Cr | +0.60% | +0.52% | +0.73% |
| Max Financial Services Ltd. | Financial | 0.70% | ₹371 Cr | +0.77% | +0.80% | +0.79% |
| Piramal Finance Ltd. | Financial | 0.69% | ₹368 Cr | — | — | — |
| Balkrishna Industries Ltd. | Automobile | 0.68% | ₹360 Cr | +0.66% | +0.71% | +0.72% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.60% | ₹321 Cr | +0.16% | — | — |
| 360 One Wam Ltd. | Financial | 0.60% | ₹319 Cr | +0.60% | +0.59% | +0.59% |
| Coromandel International Ltd. | Chemicals | 0.50% | ₹264 Cr | +0.54% | +0.57% | +0.62% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.45% | ₹241 Cr | — | — | — |
| United Breweries Ltd. | Consumer Staples | 0.45% | ₹240 Cr | +0.50% | +0.64% | +0.69% |
| Tata Chemicals Ltd. | Chemicals | 0.43% | ₹229 Cr | +0.48% | +0.44% | +0.64% |
| Apollo Tyres Ltd. | Automobile | 0.43% | ₹227 Cr | +0.43% | +0.46% | +0.49% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.40% | ₹213 Cr | +0.45% | +0.49% | +0.19% |
| Torrent Power Ltd. | Energy | 0.26% | ₹140 Cr | +0.29% | +0.29% | +0.25% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.19% | ₹101 Cr | +0.18% | +0.14% | +0.12% |
| Swiggy Ltd. | Services | 0.18% | ₹96.57 Cr | +0.17% | +0.20% | +0.30% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Lenskart Solutions Ltd. | 0.70% | 2.08% | +1.38% |
| Tata Consultancy Services Ltd. | 0.77% | 0.00% | -0.77% |
| Hindustan Unilever Ltd. | 0.73% | 0.00% | -0.73% |
| Piramal Finance Ltd. | 0.29% | 0.69% | +0.40% |
| Axis Bank Ltd. | 3.69% | 3.35% | -0.34% |
| HDFC Bank Ltd. | 4.97% | 5.27% | +0.30% |
| ICICI Bank Ltd. | 5.67% | 5.48% | -0.19% |
| Larsen & Toubro Ltd. | 3.73% | 3.54% | -0.19% |
| State Bank of India | 4.47% | 4.30% | -0.17% |
| Krishna Institute of Medical Sciences Ltd | 0.44% | 0.60% | +0.16% |
| Eternal Ltd. | 4.07% | 4.22% | +0.15% |
| Solar Industries India Ltd. | 3.57% | 3.71% | +0.14% |
| Zydus Lifesciences Ltd. | 2.14% | 2.28% | +0.14% |
| Maruti Suzuki India Ltd. | 1.92% | 1.80% | -0.12% |
| Infosys Ltd. | 1.72% | 1.60% | -0.12% |
| Thermax Ltd. | 1.50% | 1.39% | -0.11% |
| Bharti Airtel Ltd. | 2.80% | 2.88% | +0.08% |
| Indusind Bank Ltd. | 1.35% | 1.27% | -0.08% |
| Kotak Mahindra Bank Ltd. | 1.38% | 1.45% | +0.07% |
| Ajanta Pharma Ltd. | 1.03% | 1.10% | +0.07% |
| Bajaj Finance Ltd. | 2.06% | 1.99% | -0.07% |
| Shriram Finance Ltd | 1.18% | 1.11% | -0.07% |
| SRF Ltd. | 2.82% | 2.89% | +0.07% |
| Bharat Forge Ltd. | 2.46% | 2.39% | -0.07% |
| BEML Ltd. | 0.65% | 0.71% | +0.06% |
| Bharat Petroleum Corporation Ltd. | 1.09% | 1.03% | -0.06% |
| Bharat Electronics Ltd. | 5.40% | 5.34% | -0.06% |
| NTPC Ltd. | 1.22% | 1.28% | +0.06% |
| Max Financial Services Ltd. | 0.75% | 0.70% | -0.05% |
| Power Grid Corporation Of India Ltd. | 0.93% | 0.98% | +0.05% |
| Others | -0.04% | 0.01% | +0.05% |
| 360 One Wam Ltd. | 0.65% | 0.60% | -0.05% |
| Ultratech Cement Ltd. | 2.79% | 2.84% | +0.05% |
| Hero Motocorp Ltd. | 1.93% | 1.97% | +0.04% |
| Jindal Steel Ltd. | 4.02% | 4.06% | +0.04% |
| Dalmia Bharat Ltd. | 0.89% | 0.86% | -0.03% |
| Sun Pharmaceutical Industries Ltd. | 2.11% | 2.14% | +0.03% |
| AIA Engineering Ltd. | 0.81% | 0.78% | -0.03% |
| United Breweries Ltd. | 0.48% | 0.45% | -0.03% |
| Interglobe Aviation Ltd. | 2.51% | 2.53% | +0.02% |
| Reliance Industries Ltd. | 2.26% | 2.24% | -0.02% |
| Torrent Power Ltd. | 0.24% | 0.26% | +0.02% |
| Billionbrains Garage Ventures Ltd. | 1.12% | 1.14% | +0.02% |
| Cipla Ltd. | 0.87% | 0.89% | +0.02% |
| AU Small Finance Bank Ltd. | 1.71% | 1.69% | -0.02% |
| Indus Towers Ltd. | 0.90% | 0.91% | +0.01% |
| Coromandel International Ltd. | 0.51% | 0.50% | -0.01% |
| Apollo Tyres Ltd. | 0.44% | 0.43% | -0.01% |
| Balkrishna Industries Ltd. | 0.69% | 0.68% | -0.01% |
| Tech Mahindra Ltd. | 1.36% | 1.35% | -0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.18% | 0.19% | +0.01% |
| Swiggy Ltd. | 0.19% | 0.18% | -0.01% |
| Manipal Health Enterprises Ltd. | 0.46% | 0.45% | -0.01% |
| BSE Ltd. | 1.80% | 1.81% | +0.01% |
| The Ramco Cements Ltd. | 1.20% | 1.19% | -0.01% |
| Petronet LNG Ltd. | 1.39% | 1.39% | 0.00% |
| MRF Ltd. | 0.90% | 0.90% | 0.00% |
| Tata Chemicals Ltd. | 0.43% | 0.43% | 0.00% |
| Godrej Consumer Products Ltd. | 0.40% | 0.40% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹26,441 Cr | 2.01% | 15.2% | 10.1% | 15.1% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.6% | 9.6% | 15.2% |
 Motilal Oswal Flexi Cap Fund | ₹13,446 Cr | 1.97% | 15.3% | 9.0% | 14.7% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.3% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,137 Cr | 2.29% | 13.9% | 9.8% | 15.4% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 21.0% | 12.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate longterm capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors.
Fund managers
- Harsha UpadhyayaMr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.31% absolute | ₹60,000 | ₹61,986 | 3.31% | |
| 1 year0.28% annualised | ₹1,20,000 | ₹1,20,182 | 0.15% | |
| 3 years12.11% annualised | ₹3,60,000 | ₹4,35,850 | 21.07% | |
| 5 years9.69% annualised | ₹6,00,000 | ₹7,74,261 | 29.04% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Kotak Flexi Cap Fund?
The NAV of Kotak Flexi Cap Fund is ₹86.28 as on 9 Nov 2026.
What is the expense ratio of Kotak Flexi Cap Fund?
The expense ratio of Kotak Flexi Cap Fund is 1.49% per year.
What is the minimum SIP amount for Kotak Flexi Cap Fund?
You can start a SIP in Kotak Flexi Cap Fund with ₹3,000 a month.
What returns has Kotak Flexi Cap Fund given?
Kotak Flexi Cap Fund has returned 3.5% over 1 year, 5.5% over 3 years and 10.1% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Flexi Cap Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days..
How risky is Kotak Flexi Cap Fund?
Kotak Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages Kotak Flexi Cap Fund?
Kotak Flexi Cap Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.