Kotak Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹20.110.00%1 day
- Return since launch
- 15.3%
- 52-week range
- ₹17.47 — ₹20.51
- AUM
- ₹30,529 Cr
Kotak Multi Cap Fund is a Multi Cap equity fund from Kotak Mahindra Mutual Fund with ₹30,529 Cr under management, launched in 2021. Over three years it has returned 8.4% a year, against 13.6% for its category. The expense ratio is 1.83% and the SEBI riskometer reading is Very High.
Performance
Kotak Multi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.4% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | −1.8 pts | 6.4% | 3.1% |
| 2Y | 6.1% | −0.2 pts | 6.3% | 2.6% |
| 3Y | 8.4% | −5.2 pts | 13.6% | 5.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.0% | +1.9 pts | -2.9% | -3.1% |
| 3M | 0.9% | −0.8 pts | 1.8% | 1.1% |
| 6M | 12.0% | −3.4 pts | 15.5% | 13.9% |
| 1Y | 5.4% | −1.1 pts | 6.4% | 1.7% |
| 2Y | 0.0% | −0.1 pts | 0.1% | -2.8% |
| 3Y | 15.7% | +2.1 pts | 13.6% | 11.4% |
Since launch (8 Sep 2021): 15.3%
Calendar-year returns
Category average9.9%
39.8%
26.9%
6.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | +2.8 pts | 3.6% |
| 2024 | 26.9% | +1.8 pts | 25.0% |
| 2023 | 39.8% | +5.3 pts | 34.5% |
| 2022 | 9.9% | +4.4 pts | 5.5% |
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
1.79%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.34%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- Exit load
- Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 500 Multicap 50:25:25 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 | 5.17 | 6.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.03 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.66 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.81 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.43 | 16.82 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Multi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.7%
- Debt0.3%
- Other3.1%
Market cap split
- Large43.0%
- Mid28.7%
- Small28.3%
- P/E
- 17.26
- P/B
- 2.26
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.30% | ₹1,618 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 4.57% | ₹1,395 Cr | +4.35% | +5.22% | +7.15% |
| Oracle Financial Services Software Ltd. | Technology | 4.05% | ₹1,237 Cr | +1.96% | +1.50% | +2.17% |
| State Bank of India | Financial | 3.89% | ₹1,188 Cr | +2.76% | +3.27% | +3.92% |
| Hero Motocorp Ltd. | Automobile | 3.36% | ₹1,027 Cr | +3.50% | +4.32% | +1.01% |
| Eternal Ltd. | Services | 3.34% | ₹1,020 Cr | +2.24% | +2.37% | +2.78% |
| Indusind Bank Ltd. | Financial | 3.32% | ₹1,015 Cr | +3.48% | +3.94% | +2.07% |
| Others | Others | 3.06% | ₹934 Cr | -0.78% | -2.59% | -6.62% |
| Indus Towers Ltd. | Communication | 2.96% | ₹905 Cr | +3.92% | +3.54% | +1.77% |
| Radico Khaitan Ltd. | Consumer Staples | 2.44% | ₹746 Cr | +3.15% | +2.34% | +2.86% |
| INDO-MIM Ltd. | Capital Goods | 2.41% | ₹735 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 2.32% | ₹709 Cr | +2.88% | +2.43% | +2.30% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.31% | ₹705 Cr | — | — | — |
| NTPC Ltd. | Energy | 2.22% | ₹678 Cr | +2.91% | +2.82% | +1.91% |
| Bank Of Baroda | Financial | 2.16% | ₹660 Cr | +1.62% | +2.14% | +1.71% |
| ITC Ltd. | Consumer Staples | 1.97% | ₹602 Cr | +2.53% | +3.77% | +2.45% |
| Kajaria Ceramics Ltd. | Materials | 1.89% | ₹577 Cr | +1.89% | +1.58% | +1.78% |
| The South Indian Bank Ltd. | Financial | 1.82% | ₹555 Cr | +1.62% | +1.77% | +1.56% |
| Poonawalla Fincorp Ltd. | Financial | 1.78% | ₹545 Cr | +1.71% | +2.24% | +2.64% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.72% | ₹525 Cr | +1.90% | +1.49% | +1.51% |
| Bharti Airtel Ltd. | Communication | 1.69% | ₹515 Cr | +2.16% | +2.43% | +1.80% |
| NLC India Ltd. | Energy | 1.65% | ₹505 Cr | +2.50% | +2.01% | +1.85% |
| Larsen & Toubro Ltd. | Construction | 1.58% | ₹483 Cr | +1.86% | +1.32% | — |
| LIC Housing Finance Ltd. | Financial | 1.54% | ₹470 Cr | — | — | +1.01% |
| Engineers India Ltd. | Construction | 1.38% | ₹421 Cr | +1.42% | +1.49% | +1.66% |
| RBL Bank Ltd. | Financial | 1.37% | ₹419 Cr | +1.72% | +1.76% | +1.51% |
| United Spirits Ltd. | Consumer Staples | 1.36% | ₹415 Cr | +1.08% | — | — |
| Swiggy Ltd. | Services | 1.27% | ₹389 Cr | +0.96% | +1.17% | +1.55% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.24% | ₹379 Cr | +0.84% | +1.28% | +1.33% |
| Tata Technologies Ltd | Services | 1.23% | ₹376 Cr | +0.49% | — | — |
| Interglobe Aviation Ltd. | Services | 1.20% | ₹366 Cr | +1.17% | — | — |
| Sun TV Network Ltd. | Services | 1.18% | ₹361 Cr | +1.48% | +1.21% | +0.92% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.18% | ₹359 Cr | +1.30% | +0.46% | — |
| DLF Ltd. | Construction | 1.16% | ₹354 Cr | — | — | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.04% | ₹317 Cr | +1.12% | +1.17% | +1.47% |
| Yatharth Hospital & Trauma Care Services Ltd. | Healthcare | 1.03% | ₹316 Cr | +0.96% | +0.94% | +0.85% |
| Shriram Finance Ltd | Financial | 1.02% | ₹311 Cr | +2.92% | +3.52% | — |
| Whirlpool Of India Ltd. | Consumer Discretionary | 1.00% | ₹305 Cr | +0.72% | +0.70% | — |
| Tata Communications Ltd. | Communication | 0.99% | ₹302 Cr | +0.94% | +0.84% | +1.01% |
| Piramal Finance Ltd. | Financial | 0.97% | ₹296 Cr | +1.37% | +1.27% | — |
| Life Insurance Corporation of India | Insurance | 0.97% | ₹296 Cr | +1.11% | +1.26% | +1.52% |
| Bandhan Bank Ltd. | Financial | 0.95% | ₹289 Cr | +2.35% | +2.10% | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.92% | ₹279 Cr | +1.16% | — | — |
| Dalmia Bharat Ltd. | Materials | 0.90% | ₹276 Cr | +0.99% | +1.24% | +0.80% |
| Acutaas Chemicals Ltd. | Healthcare | 0.86% | ₹261 Cr | +1.75% | +1.33% | +1.00% |
| Lohia Corp Ltd. | Materials | 0.80% | ₹245 Cr | — | — | — |
| company:17109 | Services | 0.79% | ₹240 Cr | — | — | — |
| Shree Cement Ltd. | Materials | 0.77% | ₹236 Cr | +0.98% | +1.11% | +1.55% |
| SRF Ltd. | Chemicals | 0.76% | ₹233 Cr | +0.94% | +0.87% | +0.44% |
| PVR Inox Ltd. | Services | 0.75% | ₹230 Cr | +0.71% | +0.83% | +1.13% |
| GR Infraprojects Ltd. | Construction | 0.71% | ₹216 Cr | +0.85% | +0.98% | +0.81% |
| Pokarna Ltd. | Materials | 0.67% | ₹204 Cr | +0.73% | +0.91% | +1.10% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | 0.65% | ₹200 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.63% | ₹193 Cr | +0.82% | +0.47% | — |
| Jubilant FoodWorks Ltd. | Services | 0.62% | ₹188 Cr | +0.42% | +1.20% | +2.12% |
| The India Cements Ltd. | Materials | 0.60% | ₹184 Cr | +0.72% | +0.84% | +0.99% |
| Innova Captab Ltd. | Healthcare | 0.60% | ₹182 Cr | +0.58% | +0.50% | +0.84% |
| Subros Ltd. | Automobile | 0.57% | ₹174 Cr | +0.67% | +0.81% | +1.11% |
| PI Industries Ltd. | Chemicals | 0.55% | ₹168 Cr | +0.66% | +0.69% | +0.83% |
| Ultratech Cement Ltd. | Materials | 0.54% | ₹166 Cr | +0.63% | +0.77% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.54% | ₹166 Cr | +0.54% | — | — |
| Jubilant Pharmova Ltd. | Healthcare | 0.54% | ₹165 Cr | +0.71% | +0.68% | +0.96% |
| Indigo Paints Ltd. | Materials | 0.40% | ₹123 Cr | +0.40% | +0.42% | +0.61% |
| Ashoka Buildcon Ltd. | Construction | 0.38% | ₹117 Cr | +0.48% | +0.56% | +0.92% |
| Mphasis Ltd. | Technology | 0.36% | ₹109 Cr | +1.40% | +1.56% | +2.47% |
| Navneet Education Ltd. | Consumer Staples | 0.34% | ₹104 Cr | +0.42% | +0.47% | +0.62% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.26% | ₹78.63 Cr | +0.29% | +0.32% | +0.38% |
| Reliance Industries Ltd. | Energy | 0.25% | ₹76.62 Cr | +0.55% | +0.64% | +0.78% |
| JNK India Ltd. | Capital Goods | 0.21% | ₹63.72 Cr | +0.22% | +0.15% | +0.23% |
| Orchid Pharma Ltd. | Healthcare | 0.08% | ₹25.66 Cr | +0.08% | +0.07% | +0.04% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 3.90% | 5.30% | +1.40% |
| company:17109 | 0.00% | 0.79% | +0.79% |
| Life Insurance Corporation of India | 0.22% | 0.97% | +0.75% |
| Bandhan Bank Ltd. | 1.67% | 0.95% | -0.72% |
| State Bank of India | 3.23% | 3.89% | +0.66% |
| Tech Mahindra Ltd. | 0.62% | 0.00% | -0.62% |
| Mphasis Ltd. | 0.98% | 0.36% | -0.62% |
| Power Finance Corporation Ltd. | 2.91% | 2.32% | -0.59% |
| Oil India Ltd. | 0.59% | 0.00% | -0.59% |
| Jubilant FoodWorks Ltd. | 0.57% | 0.03% | -0.54% |
| Radico Khaitan Ltd. | 2.97% | 2.44% | -0.53% |
| Eternal Ltd. | 2.89% | 3.34% | +0.45% |
| Maruti Suzuki India Ltd. | 5.01% | 4.57% | -0.44% |
| ITC Ltd. | 2.26% | 1.97% | -0.29% |
| Oracle Financial Services Software Ltd. | 3.77% | 4.05% | +0.28% |
| NLC India Ltd. | 1.92% | 1.65% | -0.27% |
| NTPC Ltd. | 2.46% | 2.22% | -0.24% |
| Bharti Airtel Ltd. | 1.92% | 1.69% | -0.23% |
| Bank Of Baroda | 1.96% | 2.16% | +0.20% |
| Jyoti CNC Automation Ltd. | 1.05% | 1.24% | +0.19% |
| INDO-MIM Ltd. | 2.23% | 2.41% | +0.18% |
| The Jammu & Kashmir Bank Ltd. | 1.89% | 1.72% | -0.17% |
| Sun TV Network Ltd. | 1.35% | 1.18% | -0.16% |
| Shriram Finance Ltd | 1.18% | 1.02% | -0.16% |
| Engineers India Ltd. | 1.22% | 1.38% | +0.16% |
| Yatharth Hospital & Trauma Care Services Ltd. | 0.88% | 1.03% | +0.15% |
| Indus Towers Ltd. | 3.11% | 2.96% | -0.15% |
| Shree Cement Ltd. | 0.91% | 0.77% | -0.13% |
| Indusind Bank Ltd. | 3.45% | 3.32% | -0.13% |
| The South Indian Bank Ltd. | 1.94% | 1.82% | -0.12% |
| RBL Bank Ltd. | 1.49% | 1.37% | -0.12% |
| DLF Ltd. | 1.04% | 1.16% | +0.12% |
| Amara Raja Energy & Mobility Ltd | 0.54% | 0.65% | +0.11% |
| Subros Ltd. | 0.68% | 0.57% | -0.11% |
| Hindustan Unilever Ltd. | 1.02% | 0.92% | -0.10% |
| Hero Motocorp Ltd. | 3.47% | 3.36% | -0.10% |
| Pokarna Ltd. | 0.77% | 0.67% | -0.10% |
| Whirlpool Of India Ltd. | 0.91% | 1.00% | +0.09% |
| United Spirits Ltd. | 1.44% | 1.36% | -0.08% |
| Tata Technologies Ltd | 1.16% | 1.23% | +0.08% |
| Poonawalla Fincorp Ltd. | 1.86% | 1.78% | -0.08% |
| The India Cements Ltd. | 0.68% | 0.60% | -0.07% |
| ISGEC Heavy Engineering Ltd. | 0.07% | 0.00% | -0.07% |
| Swiggy Ltd. | 1.34% | 1.27% | -0.07% |
| Piramal Finance Ltd. | 0.90% | 0.97% | +0.07% |
| Tata Communications Ltd. | 1.05% | 0.99% | -0.06% |
| Jubilant Pharmova Ltd. | 0.60% | 0.54% | -0.06% |
| SRF Ltd. | 0.81% | 0.76% | -0.05% |
| PI Industries Ltd. | 0.60% | 0.55% | -0.05% |
| Ultratech Cement Ltd. | 0.59% | 0.54% | -0.05% |
| PVR Inox Ltd. | 0.71% | 0.75% | +0.04% |
| Kalpataru Projects International Ltd. | 1.00% | 1.04% | +0.04% |
| GR Infraprojects Ltd. | 0.74% | 0.71% | -0.04% |
| Interglobe Aviation Ltd. | 1.24% | 1.20% | -0.04% |
| Juniper Hotels Ltd. | 0.03% | 0.00% | -0.03% |
| Sun Pharmaceutical Industries Ltd. | 2.28% | 2.31% | +0.03% |
| Billionbrains Garage Ventures Ltd. | 0.57% | 0.54% | -0.03% |
| Larsen & Toubro Ltd. | 1.61% | 1.58% | -0.02% |
| Acutaas Chemicals Ltd. | 0.88% | 0.86% | -0.02% |
| Ashoka Buildcon Ltd. | 0.40% | 0.38% | -0.02% |
| LIC Housing Finance Ltd. | 1.56% | 1.54% | -0.02% |
| Reliance Industries Ltd. | 0.27% | 0.25% | -0.02% |
| Innova Captab Ltd. | 0.58% | 0.60% | +0.02% |
| Navneet Education Ltd. | 0.35% | 0.34% | -0.01% |
| JNK India Ltd. | 0.22% | 0.21% | -0.01% |
| Dalmia Bharat Ltd. | 0.91% | 0.90% | -0.01% |
| Lohia Corp Ltd. | 0.81% | 0.80% | -0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.27% | 0.26% | -0.01% |
| Kajaria Ceramics Ltd. | 1.90% | 1.89% | -0.01% |
| Orchid Pharma Ltd. | 0.09% | 0.08% | -0.01% |
| Aditya Birla Sun Life AMC Ltd. | 1.18% | 1.18% | 0.00% |
| Others | 0.02% | 0.02% | 0.00% |
| Indigo Paints Ltd. | 0.41% | 0.40% | 0.00% |
| Hindalco Industries Ltd. | 0.63% | 0.63% | 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 | ₹5,292 Cr | 2.18% | 11.5% | 10.8% | — |
 Axis Multicap Fund | ₹11,985 Cr | 1.99% | 15.9% | 12.4% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.6% | 10.0% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 7.3% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.13% | 10.7% | 10.3% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 12.1% | 11.1% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.
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.
- Devender SinghalMr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 -- January 2009) ,Religare (February 2006 -- June 2007), Karvy (July 2004 -- January 2006), P N Vijay Financial Services Pvt Ltd(2001 -- 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 -- June 2000 ).
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 months12.03% absolute | ₹60,000 | ₹67,218 | 12.03% | |
| 1 year5.38% annualised | ₹1,20,000 | ₹1,23,555 | 2.96% | |
| 3 years15.67% annualised | ₹3,60,000 | ₹4,61,825 | 28.28% |
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 Multi Cap Fund?
The NAV of Kotak Multi Cap Fund is ₹20.11 as on 25 Sep 2026.
What is the expense ratio of Kotak Multi Cap Fund?
The expense ratio of Kotak Multi Cap Fund is 1.83% per year.
What is the minimum SIP amount for Kotak Multi Cap Fund?
You can start a SIP in Kotak Multi Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak Multi 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 1 year..
How risky is Kotak Multi Cap Fund?
Kotak Multi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages Kotak Multi Cap Fund?
Kotak Multi Cap Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.