Kotak Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹20.24+0.83%1 day
- Return since launch
- 14.6%
- 52-week range
- ₹17.47 — ₹20.51
- AUM
- ₹30,335 Cr
Kotak Multi Cap Fund is a Multi Cap equity fund from Kotak Mahindra Mutual Fund with ₹30,335 Cr under management, launched in 2021. Over three years it has returned 7.3% a year, against 13.7% for its category. The expense ratio is 1.78% 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 +1.5% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | +0.9 pts | 4.6% | 7.5% |
| 2Y | 6.3% | −0.8 pts | 7.1% | 4.7% |
| 3Y | 7.3% | −6.4 pts | 13.7% | 5.3% |
| 5Y | 14.7% | +3.3 pts | 11.4% | 11.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.5% | −0.1 pts | 4.6% | 5.1% |
| 3M | -0.7% | +0.2 pts | -0.9% | -0.7% |
| 6M | 3.2% | −2.5 pts | 5.8% | 5.1% |
| 1Y | 1.9% | −2.7 pts | 4.6% | 0.4% |
| 2Y | 3.7% | 0.0 pts | 3.7% | 1.5% |
| 3Y | 15.6% | +1.9 pts | 13.7% | 11.7% |
| 5Y | 14.6% | +3.2 pts | 11.4% | 10.4% |
Since launch (8 Sep 2021): 14.6%
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
1.80%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.35%
- Brokerage
- 0.04%
- 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 | 5.23 | 6.57 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.53 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.68 | 0.85 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.61 | 16.72 | 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 30 Sep 2026
Asset allocation
- Equity98.5%
- Debt0.3%
- Other1.2%
Market cap split
- Large40.4%
- Mid28.9%
- Small30.8%
- P/E
- 16.97
- P/B
- 2.20
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.66% | ₹1,717 Cr | +2.84% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 4.10% | ₹1,244 Cr | +5.13% | +4.79% | +6.32% |
| State Bank of India | Financial | 3.55% | ₹1,076 Cr | +3.29% | +2.88% | +4.04% |
| Oracle Financial Services Software Ltd. | Technology | 3.46% | ₹1,049 Cr | +2.94% | +1.57% | +2.09% |
| INDO-MIM Ltd. | Capital Goods | 3.33% | ₹1,010 Cr | — | — | — |
| Eternal Ltd. | Services | 3.28% | ₹995 Cr | +2.21% | +2.44% | +2.89% |
| Hero Motocorp Ltd. | Automobile | 3.26% | ₹988 Cr | +3.20% | +4.19% | +4.52% |
| Indusind Bank Ltd. | Financial | 2.97% | ₹900 Cr | +3.29% | +3.40% | +1.95% |
| Indus Towers Ltd. | Communication | 2.86% | ₹869 Cr | +3.25% | +3.61% | +1.70% |
| One 97 Communications Ltd. | Services | 2.70% | ₹820 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.29% | ₹695 Cr | +2.12% | +1.78% | +1.92% |
| Power Finance Corporation Ltd. | Financial | 2.26% | ₹686 Cr | +2.81% | +2.58% | +2.56% |
| Radico Khaitan Ltd. | Consumer Staples | 2.26% | ₹686 Cr | +3.24% | +2.80% | +2.81% |
| NTPC Ltd. | Energy | 2.20% | ₹668 Cr | +2.63% | +3.14% | +2.55% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.13% | ₹645 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 2.04% | ₹619 Cr | +2.37% | +2.82% | +2.28% |
| The South Indian Bank Ltd. | Financial | 1.93% | ₹587 Cr | +1.67% | +1.59% | +1.46% |
| Kajaria Ceramics Ltd. | Materials | 1.89% | ₹573 Cr | +2.00% | +1.72% | +1.62% |
| Poonawalla Fincorp Ltd. | Financial | 1.72% | ₹521 Cr | +1.84% | +1.96% | +2.88% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.67% | ₹507 Cr | +1.96% | +1.46% | +1.52% |
| Engineers India Ltd. | Construction | 1.64% | ₹497 Cr | +1.38% | +1.32% | +1.53% |
| NLC India Ltd. | Energy | 1.63% | ₹494 Cr | +2.17% | +2.30% | +2.22% |
| Sun TV Network Ltd. | Services | 1.54% | ₹468 Cr | +1.42% | +1.79% | +0.84% |
| LIC Housing Finance Ltd. | Financial | 1.53% | ₹463 Cr | +1.75% | — | +0.97% |
| Larsen & Toubro Ltd. | Construction | 1.48% | ₹449 Cr | +1.76% | +1.42% | — |
| Pine Labs Ltd. | Financial | 1.43% | ₹435 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.32% | ₹400 Cr | +1.72% | +1.72% | +1.52% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.31% | ₹397 Cr | +1.03% | +1.21% | +1.18% |
| Tata Technologies Ltd | Services | 1.28% | ₹389 Cr | +1.10% | — | — |
| Others | Others | 1.25% | ₹374 Cr | -1.32% | -3.80% | -9.35% |
| United Spirits Ltd. | Consumer Staples | 1.24% | ₹377 Cr | +1.34% | +1.07% | — |
| Whirlpool Of India Ltd. | Consumer Discretionary | 1.20% | ₹365 Cr | +0.83% | +0.64% | — |
| Interglobe Aviation Ltd. | Services | 1.15% | ₹349 Cr | +1.34% | — | — |
| DLF Ltd. | Construction | 1.14% | ₹345 Cr | — | — | — |
| Swiggy Ltd. | Services | 1.14% | ₹345 Cr | +0.83% | +1.15% | +1.94% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.12% | ₹340 Cr | +1.40% | +1.24% | — |
| Yatharth Hospital & Trauma Care Services Ltd. | Healthcare | 1.07% | ₹326 Cr | +0.96% | +0.88% | +0.86% |
| Bandhan Bank Ltd. | Financial | 1.04% | ₹316 Cr | +2.15% | +1.76% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.03% | ₹312 Cr | +1.10% | +1.08% | +1.40% |
| Tata Communications Ltd. | Communication | 0.96% | ₹291 Cr | +1.23% | +0.77% | +1.00% |
| Life Insurance Corporation of India | Insurance | 0.92% | ₹280 Cr | +0.54% | +1.16% | +1.53% |
| Shriram Finance Ltd | Financial | 0.91% | ₹276 Cr | +1.52% | +3.08% | +2.02% |
| Acutaas Chemicals Ltd. | Healthcare | 0.89% | ₹271 Cr | +1.53% | +1.70% | +0.89% |
| Hindustan Unilever Ltd. | Consumer Staples | 0.88% | ₹267 Cr | +1.07% | — | — |
| Piramal Finance Ltd. | Financial | 0.87% | ₹263 Cr | +1.44% | +1.55% | +0.91% |
| Dalmia Bharat Ltd. | Materials | 0.83% | ₹250 Cr | +0.90% | +1.20% | +1.10% |
| Lohia Corp Ltd. | Materials | 0.82% | ₹248 Cr | — | — | — |
| Bharti Airtel Ltd. | Communication | 0.78% | ₹236 Cr | +2.04% | +2.50% | +1.69% |
| PVR Inox Ltd. | Services | 0.76% | ₹230 Cr | +0.66% | +0.80% | +1.03% |
| Shree Cement Ltd. | Materials | 0.75% | ₹227 Cr | +0.91% | +1.06% | +1.47% |
| SRF Ltd. | Chemicals | 0.74% | ₹225 Cr | +0.89% | +0.89% | +1.07% |
| Axiscades Technologies Ltd. | Technology | 0.67% | ₹203 Cr | — | — | — |
| GR Infraprojects Ltd. | Construction | 0.65% | ₹197 Cr | +0.81% | +0.89% | +0.75% |
| Innova Captab Ltd. | Healthcare | 0.64% | ₹196 Cr | +0.62% | +0.56% | +0.75% |
| Jubilant Pharmova Ltd. | Healthcare | 0.62% | ₹188 Cr | +0.65% | +0.69% | +0.98% |
| Hindalco Industries Ltd. | Metals & Mining | 0.59% | ₹179 Cr | +0.65% | +0.56% | — |
| Jubilant FoodWorks Ltd. | Services | 0.57% | ₹173 Cr | +0.56% | +0.38% | +0.99% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | 0.56% | ₹169 Cr | — | — | — |
| Pokarna Ltd. | Materials | 0.56% | ₹169 Cr | +0.88% | +0.90% | +0.91% |
| Subros Ltd. | Automobile | 0.56% | ₹170 Cr | +0.73% | +0.70% | +1.30% |
| PI Industries Ltd. | Chemicals | 0.54% | ₹164 Cr | +0.57% | +0.65% | +0.74% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.52% | ₹159 Cr | +0.62% | — | — |
| Ultratech Cement Ltd. | Materials | 0.52% | ₹159 Cr | +0.58% | +0.71% | — |
| The India Cements Ltd. | Materials | 0.49% | ₹150 Cr | +0.67% | +0.77% | +0.94% |
| Indigo Paints Ltd. | Materials | 0.38% | ₹117 Cr | +0.39% | +0.34% | +0.56% |
| Ashoka Buildcon Ltd. | Construction | 0.35% | ₹105 Cr | +0.48% | +0.47% | +0.94% |
| Navneet Education Ltd. | Consumer Staples | 0.31% | ₹94.54 Cr | +0.39% | +0.43% | +0.58% |
| National Stock Exchange | Financial | 0.27% | ₹80.61 Cr | — | — | — |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.26% | ₹79.01 Cr | +0.28% | +0.35% | +0.37% |
| Reliance Industries Ltd. | Energy | 0.23% | ₹71.22 Cr | +0.51% | +0.67% | +0.74% |
| JNK India Ltd. | Capital Goods | 0.21% | ₹64.37 Cr | +0.27% | +0.15% | +0.21% |
| Crisil Ltd. | Services | 0.17% | ₹52.29 Cr | — | — | — |
| Orchid Pharma Ltd. | Healthcare | 0.09% | ₹26.35 Cr | +0.09% | +0.06% | +0.04% |
| Mphasis Ltd. | Technology | 0.03% | ₹10.12 Cr | +1.09% | +1.51% | +2.23% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| One 97 Communications Ltd. | 0.79% | 2.70% | +1.91% |
| Pine Labs Ltd. | 0.00% | 1.43% | +1.43% |
| INDO-MIM Ltd. | 2.41% | 3.33% | +0.92% |
| Bharti Airtel Ltd. | 1.69% | 0.78% | -0.91% |
| Axiscades Technologies Ltd. | 0.00% | 0.67% | +0.67% |
| Oracle Financial Services Software Ltd. | 4.05% | 3.46% | -0.59% |
| Jubilant FoodWorks Ltd. | 0.03% | 0.57% | +0.54% |
| Maruti Suzuki India Ltd. | 4.57% | 4.10% | -0.47% |
| HDFC Bank Ltd. | 5.30% | 5.66% | +0.36% |
| Sun TV Network Ltd. | 1.18% | 1.54% | +0.36% |
| Indusind Bank Ltd. | 3.32% | 2.97% | -0.35% |
| State Bank of India | 3.89% | 3.55% | -0.34% |
| Mphasis Ltd. | 0.36% | 0.03% | -0.33% |
| National Stock Exchange | 0.00% | 0.27% | +0.27% |
| Engineers India Ltd. | 1.38% | 1.64% | +0.26% |
| Whirlpool Of India Ltd. | 1.00% | 1.20% | +0.20% |
| Radico Khaitan Ltd. | 2.44% | 2.26% | -0.18% |
| Sun Pharmaceutical Industries Ltd. | 2.31% | 2.13% | -0.18% |
| Crisil Ltd. | 0.00% | 0.17% | +0.17% |
| Swiggy Ltd. | 1.27% | 1.14% | -0.13% |
| Bank Of Baroda | 2.16% | 2.29% | +0.13% |
| United Spirits Ltd. | 1.36% | 1.24% | -0.12% |
| The India Cements Ltd. | 0.60% | 0.49% | -0.11% |
| The South Indian Bank Ltd. | 1.82% | 1.93% | +0.11% |
| Pokarna Ltd. | 0.67% | 0.56% | -0.11% |
| Shriram Finance Ltd | 1.02% | 0.91% | -0.11% |
| Indus Towers Ltd. | 2.96% | 2.86% | -0.10% |
| Hero Motocorp Ltd. | 3.36% | 3.26% | -0.10% |
| Larsen & Toubro Ltd. | 1.58% | 1.48% | -0.10% |
| Piramal Finance Ltd. | 0.97% | 0.87% | -0.10% |
| Amara Raja Energy & Mobility Ltd | 0.65% | 0.56% | -0.09% |
| Bandhan Bank Ltd. | 0.95% | 1.04% | +0.09% |
| Jubilant Pharmova Ltd. | 0.54% | 0.62% | +0.08% |
| Dalmia Bharat Ltd. | 0.90% | 0.83% | -0.07% |
| Jyoti CNC Automation Ltd. | 1.24% | 1.31% | +0.07% |
| ITC Ltd. | 1.97% | 2.04% | +0.07% |
| Poonawalla Fincorp Ltd. | 1.78% | 1.72% | -0.06% |
| Power Finance Corporation Ltd. | 2.32% | 2.26% | -0.06% |
| Eternal Ltd. | 3.34% | 3.28% | -0.06% |
| GR Infraprojects Ltd. | 0.71% | 0.65% | -0.06% |
| Aditya Birla Sun Life AMC Ltd. | 1.18% | 1.12% | -0.06% |
| RBL Bank Ltd. | 1.37% | 1.32% | -0.05% |
| Interglobe Aviation Ltd. | 1.20% | 1.15% | -0.05% |
| Life Insurance Corporation of India | 0.97% | 0.92% | -0.05% |
| The Jammu & Kashmir Bank Ltd. | 1.72% | 1.67% | -0.05% |
| Tata Technologies Ltd | 1.23% | 1.28% | +0.05% |
| Innova Captab Ltd. | 0.60% | 0.64% | +0.04% |
| Hindalco Industries Ltd. | 0.63% | 0.59% | -0.04% |
| Yatharth Hospital & Trauma Care Services Ltd. | 1.03% | 1.07% | +0.04% |
| Hindustan Unilever Ltd. | 0.92% | 0.88% | -0.04% |
| Acutaas Chemicals Ltd. | 0.86% | 0.89% | +0.03% |
| Ashoka Buildcon Ltd. | 0.38% | 0.35% | -0.03% |
| Tata Communications Ltd. | 0.99% | 0.96% | -0.03% |
| Navneet Education Ltd. | 0.34% | 0.31% | -0.03% |
| Indigo Paints Ltd. | 0.40% | 0.38% | -0.02% |
| NLC India Ltd. | 1.65% | 1.63% | -0.02% |
| Ultratech Cement Ltd. | 0.54% | 0.52% | -0.02% |
| SRF Ltd. | 0.76% | 0.74% | -0.02% |
| Shree Cement Ltd. | 0.77% | 0.75% | -0.02% |
| Billionbrains Garage Ventures Ltd. | 0.54% | 0.52% | -0.02% |
| NTPC Ltd. | 2.22% | 2.20% | -0.02% |
| Reliance Industries Ltd. | 0.25% | 0.23% | -0.02% |
| DLF Ltd. | 1.16% | 1.14% | -0.02% |
| Lohia Corp Ltd. | 0.80% | 0.82% | +0.02% |
| Subros Ltd. | 0.57% | 0.56% | -0.01% |
| LIC Housing Finance Ltd. | 1.54% | 1.53% | -0.01% |
| PI Industries Ltd. | 0.55% | 0.54% | -0.01% |
| Others | 0.02% | 0.01% | -0.01% |
| Kalpataru Projects International Ltd. | 1.04% | 1.03% | -0.01% |
| PVR Inox Ltd. | 0.75% | 0.76% | +0.01% |
| Orchid Pharma Ltd. | 0.08% | 0.09% | +0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.26% | 0.26% | 0.00% |
| JNK India Ltd. | 0.21% | 0.21% | 0.00% |
| Kajaria Ceramics Ltd. | 1.89% | 1.89% | 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 | ₹5,569 Cr | 2.19% | 14.5% | 11.0% | 14.9% |
 Axis Multicap Fund | ₹12,234 Cr | 1.97% | 19.1% | 12.5% | — |
 Mahindra Manulife Multi Cap Fund | ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% |
 WhiteOak Capital Multi Cap Fund | ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — |
 LIC MF Multi Cap Fund | ₹2,187 Cr | 2.15% | 12.8% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,357 Cr | 2.45% | 15.1% | 11.3% | — |
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 months3.22% absolute | ₹60,000 | ₹61,932 | 3.22% | |
| 1 year1.88% annualised | ₹1,20,000 | ₹1,21,229 | 1.02% | |
| 3 years15.61% annualised | ₹3,60,000 | ₹4,61,371 | 28.16% | |
| 5 years14.63% annualised | ₹6,00,000 | ₹8,87,538 | 47.92% |
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 ₹20.24 as on 9 Nov 2026.
What is the expense ratio of Kotak Multi Cap Fund?
The expense ratio of Kotak Multi Cap Fund is 1.78% 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.
What returns has Kotak Multi Cap Fund given?
Kotak Multi Cap Fund has returned 5.5% over 1 year, 7.3% over 3 years and 14.7% over 5 years (annualised).
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 97 schemes with ₹6,34,000 Cr under management.