Kotak Multi Cap Fund Direct Growth NAV at ₹21.3860 on 9 September; 3-Year CAGR at 16.24%

Key Takeaways

• Kotak Multi Cap Fund Direct Growth declined 0.48% to ₹21.3860 on 9 September 2026. 
• The latest three-year CAGR was 16.24%; a complete five-year trailing return was not yet available because the scheme had not completed five years by the valuation date. 
• The fund managed ₹29,274 crore, with a Direct Growth expense ratio of approximately 0.72% and ₹100 minimums for both SIP and lump sum. 
• The five leading disclosed stocks represented 19.60% of the recent portfolio snapshot. 

Kotak Multi Cap Fund Direct Growth recorded an NAV of ₹21.3860 on 9 September 2026 after declining 0.48% during the day. Its latest three-year CAGR stood at 16.24%. A five-year trailing return was not yet available for the requested date because the scheme, launched in late September 2021, had not completed a full five-year operating period. 

That shorter history is important when comparing the scheme with older funds. The absence of a five-year number is a function of fund age rather than a missing calculation that should be estimated from a shorter period. 

The scheme had assets under management of ₹29,274 crore. Its Direct Growth expense ratio was approximately 0.72%, and both the minimum SIP and minimum lump-sum investment stood at ₹100. 

A recent disclosed portfolio snapshot placed Maruti Suzuki at 5.01%, HDFC Bank at 3.90%, Oracle Financial Services Software at 3.77%, Hero MotoCorp at 3.47% and IndusInd Bank at 3.45%. Their combined weight was 19.60%. The remaining portfolio therefore represented 80.40% of assets outside those five positions. 

Multi-cap funds follow a different construction requirement from flexi-cap schemes. Their mandate calls for exposure across large-, mid- and small-cap segments in line with the applicable category framework. As a result, the portfolio is designed to maintain representation across the market-cap spectrum rather than having unrestricted freedom to concentrate predominantly in one segment. 

Recent risk data put beta around 1.04, with the Sharpe ratio in the mid-0.70s. These readings are based on a shorter operating history than those available for many long-established schemes in the batch, which should be kept in mind when comparing the numbers across funds. 

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