Kotak Multi Cap Fund Direct Growth NAV Rises to ₹21.64 on 22 September

Key Takeaways

• Kotak Multi Cap Fund Direct Growth NAV rose 0.39% to ₹21.64 on 22 September 2026, recording one of the more noticeable daily increases within the batch. 
• The scheme managed approximately ₹30,529 crore, with a Direct Growth expense ratio of 0.7163% and minimum SIP and lump-sum investments of ₹100. 
• HDFC Bank, Maruti Suzuki, Oracle Financial Services, SBI and Hero MotoCorp together represented 21.17% of the recent portfolio snapshot. 
• The multi-cap mandate requires exposure across large-, mid- and small-cap stocks, giving the scheme a different structural profile from flexi-cap funds. 

Kotak Multi Cap Fund Direct Growth NAV increased 0.39% to ₹21.64 on 22 September 2026. The movement was larger than the marginal changes recorded by several funds in the batch, although it remained below half a percent for the valuation period. 

The scheme managed approximately ₹30,529 crore. Its Direct Growth expense ratio was listed at 0.7163%, and both minimum SIP and lump-sum investments stood at ₹100. 

HDFC Bank was the largest disclosed holding in the recent portfolio snapshot at 5.30%. Maruti Suzuki followed at 4.57%, Oracle Financial Services at 4.05%, SBI at 3.89% and Hero MotoCorp at 3.36%. Together, these five positions represented 21.17% of the portfolio. That left 78.83% distributed across the remaining securities and other portfolio components. 

Kotak Multi Cap Fund's category structure is also relevant. Multi-cap schemes maintain exposure across large-, mid- and small-cap companies in accordance with applicable category requirements. This differs from a flexi-cap strategy, where the portfolio manager has greater discretion over the proportion assigned to each market-cap segment. 

The ₹21.64 NAV represents the exact per-unit valuation for 22 September. Its 0.39% daily increase should remain separate from longer-period performance measures because each captures a different time horizon. 

The fund's operating history also needs to be considered before presenting trailing return periods. A five-year CAGR should only be used once the relevant plan has completed the full measurement period; it should never be inferred from a shorter since-inception record. 

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