Kotak Flexi Cap Fund Direct Growth NAV Edges Higher to ₹95.03 on 21 September; Top Five Holdings at 24.58%

Key Takeaways

• Kotak Flexi Cap Fund Direct Growth NAV stood at ₹95.03 on 21 September 2026, up 0.26% for the day. 
• The latest one-year return was -2.08%, compared with an 11.54% three-year CAGR and 10.50% five-year CAGR. 
• ICICI Bank was the largest disclosed holding at 5.67%, with the top five positions together accounting for 24.58%. 

Kotak Flexi Cap Fund Direct Growth NAV edged up 0.26% to ₹95.03 on 21 September 2026. The scheme managed approximately ₹56,392 crore, and the Direct Growth expense ratio was 0.6589%. Both the minimum SIP and minimum lump-sum amount were listed at ₹100. 

The latest one-year return stood at -2.08%. Over three years, the annualised return was 11.54%, whereas the five-year CAGR came in at 10.50%. In this case, the three-year figure exceeded the five-year figure by 1.04 percentage points. Neither longer-period number should be read as a continuation of the latest one-year outcome because each period uses a different starting valuation. 

ICICI Bank represented 5.67% of the disclosed portfolio. Bharat Electronics followed at 5.40%, HDFC Bank at 4.97%, State Bank of India at 4.47% and Eternal at 4.07%. Their combined weight was 24.58%, leaving 75.42% across the rest of the portfolio. The two largest positions together accounted for 11.07%. 

Historical risk measures included a beta of 0.94, alpha of 1.12, standard deviation of 4.28 and Sharpe ratio of 0.57. These measures describe the scheme's past behaviour relative to the methodology and benchmark used for each calculation and are separate from the 0.26% one-day change recorded in the NAV. 

As a flexi-cap fund, the scheme can invest across large-, mid- and small-cap companies without maintaining a predetermined allocation to each segment. The disclosed exit-load terms allow a specified portion of units to be redeemed without charge, with a 1% load applying to qualifying excess redemptions made within one year. 

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