Kotak Flexi Cap Fund eases 0.35% to ₹96.24; top three holdings account for 15.98%

Key Takeaways

• Kotak Flexi Cap Fund Direct Growth declined 0.35% on 8 September 2026 to finish at an NAV of ₹96.24. 
• Its three-year annualised return was 11.56%, which was 0.76 percentage points above the five-year return of 10.80%. 
• ICICI Bank, HDFC Bank and Bharat Electronics together made up 15.98% of the disclosed portfolio, while the top five holdings totalled 24.11%. 
• The scheme had assets of ₹56,119 crore and a Direct Growth expense ratio of 0.6589%, with both SIP and lump-sum minimums set at ₹100. 

Kotak Flexi Cap Fund Direct Growth finished 8 September 2026 at ₹96.24 after its NAV fell 0.35% during the session. The one-year return stood at 1.92%, a considerably smaller figure than the annualised readings available for the longer three-year and five-year periods. 

Over three years, the fund delivered an annualised return of 11.56%. The five-year figure was 10.80%, leaving the three-year return 0.76 percentage points higher. That relationship differs from funds where the five-year number exceeds the three-year reading and gives this update a distinct return-period comparison. 

The portfolio's three largest disclosed holdings were ICICI Bank at 5.63%, HDFC Bank at 5.27% and Bharat Electronics at 5.08%. Together they represented 15.98%. Adding SBI at 4.36% and Eternal at 3.77% brought the concentration of the five largest disclosed positions to 24.11%. 

Fund size was ₹56,119 crore, and the Direct Growth expense ratio was displayed with relatively fine precision at 0.6589%. Both the minimum SIP and minimum lump-sum investment were ₹100. Under the disclosed exit-load structure, 10% of units can be redeemed without load within the first year. Redemptions above that allowance attract 1% within one year, while the charge falls to nil thereafter. 

Risk data showed an alpha of 1.12, beta of 0.94 and standard deviation of 4.28. The Sharpe ratio was 0.57. Against those figures, the 8 September snapshot combines a 0.35% daily decline with low single-digit one-year performance and double-digit annualised returns over the longer three- and five-year windows. 

Mutual fund investments are subject to market risks; read all scheme-related documents carefully.