Kotak Flexi Cap Fund Direct Growth NAV Rises to ₹94.16 on 17 September; Top Five Holdings at 24.58%

Key Takeaways

• Kotak Flexi Cap Fund Direct Growth NAV rose 0.79% to ₹94.16 on 17 September 2026. Its latest three-year CAGR stood at 10.48%.
• The scheme recorded a one-year return of -3.06%, compared with three- and five-year CAGRs of 10.48% and 10.12%. The two longer-period figures were relatively close to each other.
• ICICI Bank was the largest disclosed holding at 5.67%, followed by Bharat Electronics at 5.40%. The five largest positions together accounted for 24.58% of assets.
• The fund managed approximately ₹56,392 crore and had a Direct Growth expense ratio of 0.6589%. Minimum SIP and lump-sum amounts were ₹100 each.

Kotak Flexi Cap Fund Direct Growth NAV increased 0.79% to ₹94.16 on 17 September 2026. The scheme's three-year CAGR stood at 10.48%. Its fund size was approximately ₹56,392 crore and the Direct Growth expense ratio was 0.6589%. The minimum SIP and lump-sum investment were both ₹100.

The latest one-year return stood at -3.06%. Over three years, annualised performance was 10.48%, with the five-year CAGR slightly lower at 10.12%. The difference between these two longer periods was only 0.36 percentage points. Relative to the latest one-year return, however, the five-year CAGR was 13.18 percentage points higher.

ICICI Bank was the largest disclosed portfolio position at 5.67%, followed closely by Bharat Electronics at 5.40%. HDFC Bank accounted for 4.97%, SBI for 4.47% and Eternal for 4.07%. Together, those five holdings represented 24.58% of the portfolio, leaving 75.42% distributed across other positions and components.

Historical beta stood at 0.94, with standard deviation at 4.28. Alpha came in at 1.12, while the Sharpe ratio was 0.57. These are backward-looking portfolio statistics and should not be used to infer future NAV levels or returns.

The scheme's flexi-cap mandate allows investments across market-cap segments. Its latest holdings profile showed two individual positions above 5%, with the five largest collectively representing just under one-quarter of the portfolio.