Kotak MNC Fund
Thematic-MNCVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹12.41-0.99%1 day
- Return since launch
- 12.5%
- 52-week range
- ₹9.94 — ₹12.74
- AUM
- ₹2,309 Cr
Kotak MNC Fund is a Thematic-MNC equity fund from Kotak Mahindra Mutual Fund with ₹2,309 Cr under management, launched in 2024. The expense ratio is 2.24% and the SEBI riskometer reading is Very High.
Performance
Kotak MNC Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +17.9% 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 | 21.1% | +17.3 pts | 3.8% | 2.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.8% | +1.7 pts | -3.5% | -4.0% |
| 3M | 0.9% | +0.5 pts | 0.4% | -0.7% |
| 6M | 19.8% | +7.1 pts | 12.7% | 10.5% |
| 1Y | 17.9% | +14.1 pts | 3.8% | 0.6% |
Since launch (7 Oct 2024): 12.5%
Calendar-year returns
Category average6.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | +4.1 pts | 2.4% |
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
2.28%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.73%
- Brokerage
- 0.06%
- Transaction charges
- 0.01%
- Statutory levies
- 0.49%
- Exit load
- 0.5% for redemption within 90 Days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY MNC 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.
Portfolio
Kotak MNC Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.0%
- Other1.0%
Market cap split
- Large35.8%
- Mid29.6%
- Small34.6%
- P/E
- 39.86
- P/B
- 6.89
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd. | Automobile | 4.99% | ₹115 Cr | +7.15% | +8.79% | +8.13% |
| MTAR Technologies Ltd. | Capital Goods | 4.27% | ₹98.61 Cr | +5.22% | +3.19% | +1.12% |
| Hindustan Unilever Ltd. | Consumer Staples | 4.26% | ₹98.37 Cr | +6.88% | +5.53% | +7.31% |
| Acutaas Chemicals Ltd. | Healthcare | 4.11% | ₹94.82 Cr | +5.56% | +4.09% | +2.57% |
| Azad Engineering Ltd. | Capital Goods | 4.09% | ₹94.44 Cr | +3.15% | +2.85% | +2.38% |
| Oracle Financial Services Software Ltd. | Technology | 3.80% | ₹87.78 Cr | +2.36% | +2.38% | +2.72% |
| Britannia Industries Ltd. | Consumer Staples | 3.75% | ₹86.63 Cr | +4.68% | +6.51% | +7.58% |
| Nestle India Ltd. | Consumer Staples | 3.56% | ₹82.31 Cr | +4.71% | +3.98% | +3.63% |
| GE Vernova T&D India Ltd | Capital Goods | 3.47% | ₹80.01 Cr | +4.39% | +3.80% | +2.71% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.44% | ₹79.39 Cr | — | — | +1.90% |
| INDO-MIM Ltd. | Capital Goods | 3.17% | ₹73.20 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 3.10% | ₹71.69 Cr | +1.03% | +1.00% | +0.64% |
| Ashok Leyland Ltd. | Automobile | 3.04% | ₹70.26 Cr | +2.94% | +4.21% | +2.12% |
| company:6237 | Healthcare | 2.95% | ₹68.16 Cr | — | — | — |
| Marksans Pharma Ltd. | Healthcare | 2.79% | ₹64.32 Cr | +2.33% | +1.73% | +1.54% |
| United Spirits Ltd. | Consumer Staples | 2.65% | ₹61.09 Cr | +2.46% | +2.86% | +3.24% |
| Nippon Life India Asset Management Ltd. | Financial | 2.44% | ₹56.27 Cr | +3.02% | +2.71% | +2.21% |
| Bosch Ltd. | Automobile | 2.38% | ₹55.00 Cr | +1.60% | +1.67% | +1.71% |
| Cummins India Ltd. | Capital Goods | 2.21% | ₹51.05 Cr | +3.08% | +2.70% | +1.96% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.15% | ₹49.63 Cr | +2.27% | +2.47% | +2.10% |
| Schaeffler India Ltd. | Capital Goods | 2.03% | ₹46.93 Cr | +2.28% | +2.54% | +2.09% |
| Siemens Ltd. | Capital Goods | 1.98% | ₹45.74 Cr | +2.07% | +1.93% | +1.73% |
| Tenneco Clean Air India Ltd | Automobile | 1.92% | ₹44.22 Cr | — | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.82% | ₹42.07 Cr | +2.01% | — | — |
| Vedanta Ltd. | Metals & Mining | 1.81% | ₹41.73 Cr | +2.50% | +5.37% | +0.77% |
| Fortis Healthcare Ltd. | Healthcare | 1.73% | ₹39.90 Cr | +1.93% | +2.07% | +1.88% |
| ABB India Ltd. | Capital Goods | 1.70% | ₹39.26 Cr | +1.76% | +1.56% | +1.69% |
| Rossell Techsys Ltd. | Capital Goods | 1.63% | ₹37.74 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 1.60% | ₹36.89 Cr | +1.59% | +1.51% | +1.31% |
| company:13618 | Services | 1.44% | ₹33.24 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.41% | ₹32.51 Cr | +1.48% | +2.06% | +2.12% |
| Garware Technical Fibres Ltd. | Textiles | 1.41% | ₹32.55 Cr | +1.03% | +1.06% | — |
| company:6832 | Healthcare | 1.41% | ₹32.58 Cr | — | — | — |
| company:1502 | Metals & Mining | 1.32% | ₹30.46 Cr | — | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 1.29% | ₹29.86 Cr | +1.48% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.21% | ₹27.83 Cr | +1.12% | +1.09% | +0.84% |
| Igarashi Motors India Ltd. | Capital Goods | 1.18% | ₹27.30 Cr | +1.06% | — | — |
| Midwest Ltd. | Materials | 1.11% | ₹25.75 Cr | +1.32% | +1.48% | — |
| Orchid Pharma Ltd. | Healthcare | 1.09% | ₹25.24 Cr | +0.69% | +0.57% | +0.62% |
| PI Industries Ltd. | Chemicals | 1.03% | ₹23.70 Cr | — | — | — |
| Others | Others | 1.00% | ₹23.29 Cr | -0.38% | -0.66% | -0.16% |
| Indusind Bank Ltd. | Financial | 0.97% | ₹22.37 Cr | +0.95% | +1.05% | — |
| Sai Life Sciences Ltd. | Healthcare | 0.88% | ₹20.44 Cr | +0.77% | — | — |
| SBI Funds Management Ltd. | Financial | 0.33% | ₹7.55 Cr | — | — | — |
| KSB Ltd. | Capital Goods | 0.08% | ₹1.86 Cr | +0.91% | +0.93% | +0.92% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Torrent Pharmaceuticals Ltd. | 4.15% | 0.00% | -4.15% |
| Vedanta Aluminium Metal Ltd. | 3.45% | 0.00% | -3.45% |
| company:6237 | 0.00% | 2.95% | +2.95% |
| Maruti Suzuki India Ltd. | 7.00% | 4.99% | -2.01% |
| MTAR Technologies Ltd. | 2.69% | 4.27% | +1.58% |
| company:13618 | 0.00% | 1.44% | +1.44% |
| company:6832 | 0.00% | 1.41% | +1.41% |
| company:1502 | 0.00% | 1.32% | +1.32% |
| Jubilant Pharmova Ltd. | 1.22% | 0.00% | -1.22% |
| Samvardhana Motherson International Ltd. | 2.02% | 3.10% | +1.08% |
| Others | -0.46% | 0.46% | +0.92% |
| KSB Ltd. | 0.96% | 0.08% | -0.88% |
| Tenneco Clean Air India Ltd | 1.08% | 1.92% | +0.84% |
| Azad Engineering Ltd. | 3.38% | 4.09% | +0.71% |
| Marksans Pharma Ltd. | 2.31% | 2.79% | +0.48% |
| Hindustan Unilever Ltd. | 4.70% | 4.26% | -0.44% |
| SBI Funds Management Ltd. | 0.69% | 0.33% | -0.36% |
| Bosch Ltd. | 2.02% | 2.38% | +0.36% |
| Sun Pharmaceutical Industries Ltd. | 3.11% | 3.44% | +0.33% |
| Oracle Financial Services Software Ltd. | 3.50% | 3.80% | +0.30% |
| INDO-MIM Ltd. | 2.90% | 3.17% | +0.27% |
| Cummins India Ltd. | 2.47% | 2.21% | -0.26% |
| Britannia Industries Ltd. | 4.00% | 3.75% | -0.25% |
| PI Industries Ltd. | 1.23% | 1.03% | -0.20% |
| Rossell Techsys Ltd. | 1.45% | 1.63% | +0.18% |
| Aster DM Quality Care Ltd. | 1.58% | 1.41% | -0.17% |
| Nestle India Ltd. | 3.71% | 3.56% | -0.15% |
| Midwest Ltd. | 1.25% | 1.11% | -0.14% |
| Fortis Healthcare Ltd. | 1.86% | 1.73% | -0.13% |
| Igarashi Motors India Ltd. | 1.31% | 1.18% | -0.13% |
| Grindwell Norton Ltd. | 1.73% | 1.60% | -0.13% |
| United Spirits Ltd. | 2.78% | 2.65% | -0.13% |
| Aptus Value Housing Finance India Ltd. | 1.40% | 1.29% | -0.11% |
| Schaeffler India Ltd. | 2.13% | 2.03% | -0.10% |
| Garware Technical Fibres Ltd. | 1.31% | 1.41% | +0.10% |
| Anthem Biosciences Ltd. | 1.13% | 1.21% | +0.08% |
| Siemens Ltd. | 1.91% | 1.98% | +0.07% |
| Ashok Leyland Ltd. | 2.97% | 3.04% | +0.07% |
| Sai Life Sciences Ltd. | 0.82% | 0.88% | +0.06% |
| Orchid Pharma Ltd. | 1.15% | 1.09% | -0.06% |
| Nippon Life India Asset Management Ltd. | 2.49% | 2.44% | -0.05% |
| Acutaas Chemicals Ltd. | 4.16% | 4.11% | -0.05% |
| Vedanta Ltd. | 1.77% | 1.81% | +0.04% |
| ABB India Ltd. | 1.67% | 1.70% | +0.03% |
| Indusind Bank Ltd. | 1.00% | 0.97% | -0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 2.12% | 2.15% | +0.03% |
| Aditya Birla Sun Life AMC Ltd. | 1.81% | 1.82% | +0.01% |
| GE Vernova T&D India Ltd | 3.48% | 3.47% | -0.01% |
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 | ₹3,035 Cr | 2.27% | 5.4% | 4.5% | 8.1% |
 SBI MNC Fund | ₹6,718 Cr | 2.03% | 21.2% | 8.8% | 9.2% |
 Aditya Birla Sun Life MNC Fund | ₹3,293 Cr | 2.10% | -3.5% | 0.5% | 5.5% |
 UTI MNC Fund | ₹2,790 Cr | 2.18% | -0.9% | 3.0% | 7.4% |
 ICICI Prudential MNC Fund | ₹1,808 Cr | 2.16% | 4.8% | 6.5% | 10.3% |
 HDFC MNC Fund | ₹566 Cr | 2.90% | 5.6% | 3.4% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of multi-national companies (MNC).
Fund managers
- Abhishek BisenMr. Bisen is a BA and MBA in Finance.Prior to joining Kotak AMC, he 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.
- Dhananjay TikarihaMr. Tikariha has done B.Tech, M. Tech from IIT Madras and PGDM (Finance & Marketing) from IIM LucknowPrior to joining Kotak Mahindra Mutual Fund, he has worked with IDFC First Bank
- 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 months19.80% absolute | ₹60,000 | ₹71,880 | 19.80% | |
| 1 year17.95% annualised | ₹1,20,000 | ₹1,32,332 | 10.28% |
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 MNC Fund?
The NAV of Kotak MNC Fund is ₹12.41 as on 24 Sep 2026.
What is the expense ratio of Kotak MNC Fund?
The expense ratio of Kotak MNC Fund is 2.24% per year.
What is the minimum SIP amount for Kotak MNC Fund?
You can start a SIP in Kotak MNC Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak MNC Fund?
Lock-in: None. Exit load: 0.5% for redemption within 90 Days.
How risky is Kotak MNC Fund?
Kotak MNC Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-MNC category.
Which fund house manages Kotak MNC Fund?
Kotak MNC Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.