Kotak MNC Fund
Thematic-MNCVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹12.06+1.75%1 day
- Return since launch
- 8.7%
- 52-week range
- ₹9.94 — ₹12.74
- AUM
- ₹2,246 Cr
Kotak MNC Fund is a Thematic-MNC equity fund from Kotak Mahindra Mutual Fund with ₹2,246 Cr under management, launched in 2024. The expense ratio is 2.30% 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 +13.4% 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 | 10.9% | +8.5 pts | 2.3% | 0.9% |
| 2Y | 13.5% | +8.4 pts | 5.0% | 2.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | −2.5 pts | 2.6% | 2.9% |
| 3M | -4.9% | +0.6 pts | -5.5% | -5.8% |
| 6M | 2.6% | +1.4 pts | 1.2% | 0.2% |
| 1Y | 13.4% | +11.0 pts | 2.3% | -0.6% |
| 2Y | 9.7% | +8.2 pts | 1.5% | -0.3% |
Since launch (7 Oct 2024): 8.7%
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
2.27%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.74%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.47%
- 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 30 Sep 2026
Asset allocation
- Equity99.5%
- Other0.5%
Market cap split
- Large33.7%
- Mid27.3%
- Small39.1%
- P/E
- 38.80
- P/B
- 6.66
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| MTAR Technologies Ltd. | Capital Goods | 4.86% | ₹109 Cr | +4.72% | +3.25% | +1.48% |
| INDO-MIM Ltd. | Capital Goods | 4.70% | ₹106 Cr | — | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 4.38% | ₹98.38 Cr | +5.66% | +5.43% | +2.41% |
| Azad Engineering Ltd. | Capital Goods | 4.35% | ₹97.79 Cr | +3.11% | +2.77% | +2.43% |
| GE Vernova T&D India Ltd | Capital Goods | 3.37% | ₹75.62 Cr | +4.08% | +4.02% | +2.89% |
| Hindustan Unilever Ltd. | Consumer Staples | 3.35% | ₹75.16 Cr | +5.15% | +5.45% | +6.91% |
| Oracle Financial Services Software Ltd. | Technology | 3.31% | ₹74.41 Cr | +2.47% | +2.59% | +2.75% |
| Britannia Industries Ltd. | Consumer Staples | 3.23% | ₹72.45 Cr | +4.25% | +6.57% | +7.80% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.23% | ₹72.66 Cr | — | — | — |
| Nestle India Ltd. | Consumer Staples | 3.21% | ₹72.05 Cr | +3.55% | +3.93% | +3.62% |
| Maruti Suzuki India Ltd. | Automobile | 3.20% | ₹71.80 Cr | +7.12% | +8.10% | +10.65% |
| Samvardhana Motherson International Ltd. | Automobile | 3.05% | ₹68.57 Cr | +1.02% | +0.88% | +0.73% |
| Divi's Laboratories Ltd. | Healthcare | 2.98% | ₹66.90 Cr | — | — | — |
| Marksans Pharma Ltd. | Healthcare | 2.87% | ₹64.46 Cr | +2.50% | +1.75% | +1.51% |
| Ashok Leyland Ltd. | Automobile | 2.75% | ₹61.68 Cr | +2.89% | +3.44% | +2.75% |
| Hyundai Motor India Ltd. | Automobile | 2.71% | ₹60.93 Cr | — | +0.98% | +1.18% |
| Axiscades Technologies Ltd. | Technology | 2.48% | ₹55.78 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 2.47% | ₹55.51 Cr | +2.54% | +2.79% | +3.28% |
| Nippon Life India Asset Management Ltd. | Financial | 2.29% | ₹51.36 Cr | +3.09% | +2.61% | +2.45% |
| Rossell Techsys Ltd. | Capital Goods | 2.28% | ₹51.11 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 2.12% | ₹47.60 Cr | +2.87% | +2.78% | +2.01% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.04% | ₹45.84 Cr | +2.30% | +2.51% | +1.93% |
| Schaeffler India Ltd. | Capital Goods | 2.03% | ₹45.56 Cr | +2.25% | +2.51% | +2.27% |
| Tenneco Clean Air India Ltd | Automobile | 1.89% | ₹42.46 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 1.88% | ₹42.29 Cr | +1.87% | +1.86% | +1.77% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.77% | ₹39.81 Cr | +2.12% | +1.96% | — |
| Vedanta Ltd. | Metals & Mining | 1.73% | ₹38.85 Cr | +1.93% | +5.48% | +1.07% |
| Grindwell Norton Ltd. | Metals & Mining | 1.62% | ₹36.36 Cr | +1.81% | +1.38% | +1.33% |
| ABB India Ltd. | Capital Goods | 1.55% | ₹34.83 Cr | +1.66% | +1.70% | +1.75% |
| Fortis Healthcare Ltd. | Healthcare | 1.51% | ₹33.88 Cr | +1.93% | +1.95% | +2.00% |
| Garware Technical Fibres Ltd. | Textiles | 1.37% | ₹30.83 Cr | +1.40% | +1.12% | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.33% | ₹29.98 Cr | +1.55% | +2.36% | +2.21% |
| Viyash Scientific Limited | Healthcare | 1.30% | ₹29.14 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.26% | ₹28.25 Cr | — | — | — |
| Tata Technologies Ltd | Services | 1.26% | ₹28.30 Cr | — | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 1.24% | ₹27.90 Cr | +1.53% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.19% | ₹26.75 Cr | +1.10% | +1.14% | +0.80% |
| Igarashi Motors India Ltd. | Capital Goods | 1.17% | ₹26.22 Cr | +1.37% | — | — |
| Orchid Pharma Ltd. | Healthcare | 1.15% | ₹25.92 Cr | +1.16% | +0.50% | +0.60% |
| PI Industries Ltd. | Chemicals | 1.03% | ₹23.10 Cr | +1.17% | — | — |
| Hero Motors Ltd. | Automobile | 0.97% | ₹21.79 Cr | — | — | — |
| Sai Life Sciences Ltd. | Healthcare | 0.95% | ₹21.34 Cr | +0.79% | — | — |
| Midwest Ltd. | Materials | 0.94% | ₹21.01 Cr | +1.35% | +1.49% | — |
| Indusind Bank Ltd. | Financial | 0.88% | ₹19.83 Cr | +0.93% | +0.92% | — |
| Others | Others | 0.45% | ₹10.37 Cr | -0.32% | -0.72% | -0.52% |
| SBI Funds Management Ltd. | Financial | 0.30% | ₹6.74 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hyundai Motor India Ltd. | 0.00% | 2.71% | +2.71% |
| Axiscades Technologies Ltd. | 0.00% | 2.48% | +2.48% |
| Bosch Ltd. | 2.38% | 0.00% | -2.38% |
| Maruti Suzuki India Ltd. | 4.99% | 3.20% | -1.79% |
| INDO-MIM Ltd. | 3.17% | 4.70% | +1.53% |
| Hero Motors Ltd. | 0.00% | 0.97% | +0.97% |
| Others | 0.46% | -0.49% | -0.95% |
| Hindustan Unilever Ltd. | 4.26% | 3.35% | -0.91% |
| Rossell Techsys Ltd. | 1.63% | 2.28% | +0.65% |
| MTAR Technologies Ltd. | 4.27% | 4.86% | +0.59% |
| Britannia Industries Ltd. | 3.75% | 3.23% | -0.52% |
| Oracle Financial Services Software Ltd. | 3.80% | 3.31% | -0.49% |
| Nestle India Ltd. | 3.56% | 3.21% | -0.35% |
| Ashok Leyland Ltd. | 3.04% | 2.75% | -0.29% |
| Acutaas Chemicals Ltd. | 4.11% | 4.38% | +0.27% |
| Azad Engineering Ltd. | 4.09% | 4.35% | +0.26% |
| Fortis Healthcare Ltd. | 1.73% | 1.51% | -0.22% |
| Sun Pharmaceutical Industries Ltd. | 3.44% | 3.23% | -0.21% |
| Tata Technologies Ltd | 1.44% | 1.26% | -0.18% |
| United Spirits Ltd. | 2.65% | 2.47% | -0.18% |
| Midwest Ltd. | 1.11% | 0.94% | -0.17% |
| ABB India Ltd. | 1.70% | 1.55% | -0.15% |
| Nippon Life India Asset Management Ltd. | 2.44% | 2.29% | -0.15% |
| Viyash Scientific Limited | 1.41% | 1.30% | -0.11% |
| ZF Commercial Vehicle Control Systems India Ltd. | 2.15% | 2.04% | -0.11% |
| GE Vernova T&D India Ltd | 3.47% | 3.37% | -0.10% |
| Siemens Ltd. | 1.98% | 1.88% | -0.10% |
| Indusind Bank Ltd. | 0.97% | 0.88% | -0.09% |
| Cummins India Ltd. | 2.21% | 2.12% | -0.09% |
| Marksans Pharma Ltd. | 2.79% | 2.87% | +0.08% |
| Vedanta Ltd. | 1.81% | 1.73% | -0.08% |
| KSB Ltd. | 0.08% | 0.00% | -0.08% |
| Aster DM Quality Care Ltd. | 1.41% | 1.33% | -0.08% |
| Sai Life Sciences Ltd. | 0.88% | 0.95% | +0.07% |
| Hindalco Industries Ltd. | 1.32% | 1.26% | -0.06% |
| Orchid Pharma Ltd. | 1.09% | 1.15% | +0.06% |
| Samvardhana Motherson International Ltd. | 3.10% | 3.05% | -0.05% |
| Aditya Birla Sun Life AMC Ltd. | 1.82% | 1.77% | -0.05% |
| Aptus Value Housing Finance India Ltd. | 1.29% | 1.24% | -0.05% |
| Garware Technical Fibres Ltd. | 1.41% | 1.37% | -0.04% |
| SBI Funds Management Ltd. | 0.33% | 0.30% | -0.03% |
| Tenneco Clean Air India Ltd | 1.92% | 1.89% | -0.03% |
| Divi's Laboratories Ltd. | 2.95% | 2.98% | +0.03% |
| Anthem Biosciences Ltd. | 1.21% | 1.19% | -0.02% |
| Grindwell Norton Ltd. | 1.60% | 1.62% | +0.02% |
| Igarashi Motors India Ltd. | 1.18% | 1.17% | -0.01% |
| PI Industries Ltd. | 1.03% | 1.03% | 0.00% |
| Schaeffler India Ltd. | 2.03% | 2.03% | 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 | ₹2,853 Cr | 2.26% | 3.9% | 3.2% | 7.0% |
 SBI MNC Fund | ₹6,381 Cr | 2.01% | 16.7% | 7.8% | 8.4% |
 Aditya Birla Sun Life MNC Fund | ₹3,029 Cr | 2.12% | -8.6% | -2.7% | 3.4% |
 UTI MNC Fund | ₹2,619 Cr | 2.17% | 2.3% | 3.0% | 7.3% |
 ICICI Prudential MNC Fund | ₹1,703 Cr | 2.14% | 1.3% | 4.4% | 8.8% |
 HDFC MNC Fund | ₹534 Cr | 2.87% | 7.9% | 3.6% | — |
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 months2.59% absolute | ₹60,000 | ₹61,554 | 2.59% | |
| 1 year13.38% annualised | ₹1,20,000 | ₹1,29,063 | 7.55% |
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 ₹12.06 as on 9 Nov 2026.
What is the expense ratio of Kotak MNC Fund?
The expense ratio of Kotak MNC Fund is 2.30% 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 97 schemes with ₹6,34,000 Cr under management.