Kotak Multi Cap Fund Direct Growth NAV Falls to ₹21.0450 on 15 September; 3-Year CAGR at 15.75%

Key Takeaways

• Kotak Multi Cap Fund Direct Growth NAV declined 1.81% to ₹21.0450 on 15 September 2026. 
• Its exact-date three-year CAGR stood at 15.75%. 
• The scheme had not completed five full years by 15 September 2026, so a valid five-year CAGR was not yet available. 
• The latest disclosed five largest holdings together represented 21.17% of the portfolio. 

Kotak Multi Cap Fund Direct Growth NAV stood at ₹21.0450 on 15 September 2026 after declining 1.81%. Its exact-date three-year CAGR was 15.75%. The scheme was launched on 29 September 2021, meaning the requested valuation date still fell short of its fifth anniversary. 

A five-year CAGR should therefore not be reported for 15 September 2026. A since-inception return covers a different measurement period and cannot be used as a substitute. This fund-age check is particularly relevant here because only two weeks separated the requested valuation date from the point at which the scheme would complete a full five-year history. 

Fund size stood at approximately ₹30,529 crore. Minimum SIP and lump-sum investments were both ₹100. As a multi-cap scheme, the portfolio maintains exposure across large-, mid- and small-cap categories in accordance with the applicable fund-category requirements. 

HDFC Bank was the largest disclosed holding at 5.30%, followed by Maruti Suzuki at 4.57%. Oracle Financial Services represented 4.05%, State Bank of India 3.89% and Hero MotoCorp 3.36%. Combined, those five positions accounted for 21.17% of the portfolio, leaving 78.83% across the remaining securities and other components. 

The latest available historical risk readings included standard deviation of 5.04 and beta of 1.04. Alpha stood at 3.62 and the Sharpe ratio at 0.76. Because the fund's operating record was still under five years on the valuation date, its available risk and return history spans a shorter period than that of many older schemes in this batch. 

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