Kotak Flexi Cap Fund Direct Growth NAV Slips to ₹95.4500 on 9 September 2026

Key Takeaways

• Kotak Flexi Cap Fund Direct Growth fell 0.82% to an NAV of ₹95.4500 on 9 September 2026. 
• The latest three-year CAGR was 11.25%, compared with a recent five-year annualised return of 10.80%. 
• The scheme managed approximately ₹56,119 crore and carried a Direct Growth expense ratio of about 0.66%. 
• Its five largest disclosed holdings represented 24.11%, led by ICICI Bank at 5.63%. 

Kotak Flexi Cap Fund Direct Growth moved to ₹95.4500 on 9 September 2026, with the NAV declining by 0.82% over the day. The latest three-year CAGR stood at 11.25%. Recent supporting performance data showed a one-year return of 1.92% and a five-year CAGR of 10.80%. 

The three-year and five-year annualised figures were relatively close to each other, whereas the one-year reading was markedly lower. These return windows cover different combinations of market conditions, so the gap should be viewed as a historical comparison rather than evidence about the next period. 

Assets under management stood at roughly ₹56,119 crore. The Direct Growth expense ratio was about 0.66%. Both minimum SIP and minimum lump-sum investment amounts were ₹100. The exit-load framework allowed a portion of units to be redeemed without load and applied 1% to qualifying excess redemptions within one year, subject to the scheme conditions. 

ICICI Bank was the largest disclosed holding at 5.63%, followed by HDFC Bank at 5.27% and Bharat Electronics at 5.08%. SBI contributed another 4.36%, and Eternal accounted for 3.77%. Their combined weight was 24.11%, which left roughly three-quarters of the portfolio distributed beyond these five stocks. 

The fund's beta stood at 0.94 and standard deviation at 4.28. Alpha was 1.12, with a Sharpe ratio of 0.57. These historical risk measures provide additional context to the return figures but do not establish a future range for the NAV. 

As a flexi-cap scheme, the fund has the ability to move across market-cap segments without maintaining a fixed allocation to large-, mid- and small-cap stocks. Portfolio weights can therefore change with the scheme's investment decisions over time. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.