Markets / Mutual funds / Sectoral / Thematic

Kotak Business Cycle Fund - Regular Plan - Growth

NAVs of 8 Nov 2026

Kotak Mahindra Mutual Fund · Equity fund · Regular plan · Growth

Sectoral / ThematicRegular · GrowthRisk: Very High

NAV · 6 Nov 2026

₹17.6000 ▲ 0.27%

Kotak Mahindra Mutual Fund

Fund size₹3,441 crJuly - September 2026

1-month range₹16.25 – 17.60

1 year+6.71%rank 78 of 280

Expense ratio2.02%regular plan, a year

5 years–a year

What the fund does

The scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the scheme will be realized.

BenchmarkNifty 500 Total Return Index

Fund houseKotak Mahindra Mutual Fund

Fund managersFM 1 Mr. Harish BihaniFM 2 Mr. Abhishek Bisen

NAV history

Returns

1 week

+6.45%avg 5.4%

1 month

+3.74%avg 2.9%

3 months

+0.09%avg -1.9%

6 months

+8.01%avg 3.1%

This year

+6.13%avg 3.2%

1 year

+6.71%avg 3.7% · #78/280

3 years (a year)

+16.30%avg 13.8% · #50/165

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.4
2025	-5.1	-9.8	+6.5	+3.1	+6.2	+3.5	-1.0	+0.6	-0.1	+2.7	-0.4	+0.0
2026	-4.0	+1.0	-10.6	+10.2	+1.5	+4.4	+2.4	+1.9	-3.6	-2.2	+6.4

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held5254 lines in all

Top 10 stocks40.8%of the fund

Short positions-0.2%sold through derivatives

Net equity98.4%long stocks and derivatives minus shorts

Where the money is

Equity 98.6%Cash & others 1.4%Short -0.2%

Sectors (stocks held)

Banks

15.8%

Retailing

10.3%

Industrial Manufacturing

10.1%

Healthcare Services

9.7%

Automobiles

5.1%

Capital Markets

4.7%

IT - Software

4.0%

Power

3.9%

Stocks held 52

Holding	Sector / type	% of fund
ICICI BANK LTD. INE090A01021	Banks	7.69%
ADITYA INFOTECH LIMITED INE819V01029	Industrial Manufacturing	5.74%
INDO-MIM LTD INE084101034	Industrial Manufacturing	4.39%
ETERNAL LIMITED INE758T01015	Retailing	4.05%
AXIS BANK LTD. INE238A01034	Banks	3.67%
ASTER DM HEALTHCARE LTD INE914M01019	Healthcare Services	3.37%
KRISHNA INSTITUTE OF MEDICAL INE967H01025	Healthcare Services	3.23%
VIJAYA DIAGNOSTIC CENTRE PVT INE043W01024	Healthcare Services	3.11%
ACME SOLAR HOLDINGS LTD. INE622W01025	Power	2.87%
LENSKART SOLUTIONS LIMITED INE956O01016	Retailing	2.70%
BHARTI HEXACOM LTD. INE343G01021	Telecom - Services	2.64%
HDFC BANK LTD. INE040A01034	Banks	2.62%
SHRIRAM FINANCE LIMITED INE721A01047	Finance	2.48%
Maruti Suzuki India Limited INE585B01010	Automobiles	2.09%
360 ONE WAM LIMITED INE466L01038	Capital Markets	1.99%
Mahindra & Mahindra Ltd. INE101A01026	Automobiles	1.86%
VISHAL MEGA MART LIMITED INE01EA01019	Retailing	1.85%
INDIAN BANK INE562A01011	Banks	1.85%
HAPPY FORGINGS LTD INE330T01021	Industrial Products	1.77%
VEDANTA ALUMINIUM METAL LTD INE1CDF01017	Non - Ferrous Metals	1.75%
Avenue Supermarts Ltd INE192R01011	Retailing	1.71%
Century Plyboards (India) Ltd. INE348B01021	Consumer Durables	1.70%
Ultratech Cement Ltd. INE481G01011	Cement and Cement Products	1.67%
SBI Life Insurance Company Ltd INE123W01016	Insurance	1.65%
GODREJ CONSUMER PRODUCTS LTD. INE102D01028	Personal Products	1.62%
ICICI Lombard General Insurance Company Ltd INE765G01017	Insurance	1.61%
KALPATARU PROJECTS INTERNATIONAL LIMITED INE220B01022	Construction	1.58%
MANKIND PHARMA LTD INE634S01028	Pharmaceuticals and Biotechnology	1.48%
Mphasis Ltd INE356A01018	IT - Software	1.46%
BRIGADE ENTERPRISES LIMITED INE791I01019	Realty	1.40%
Oberoi Realty Limited INE093I01010	Realty	1.39%
Infosys Ltd. INE009A01021	IT - Software	1.39%
Minda Industries Ltd. INE405E01023	Auto Components	1.33%
RELIANCE INDUSTRIES LTD. INE002A01018	Petroleum Products	1.23%
SAGILITY INDIA LTD. INE0W2G01015	IT - Services	1.18%
TVS Motor Company Ltd. INE494B01023	Automobiles	1.15%
LG ELECTRONICS INDIA LTD. INE324D01010	Consumer Durables	1.14%
HEXAWARE TECHNOLOGIES LTD. INE093A01041	IT - Software	1.11%
NTPC LTD INE733E01010	Power	1.04%
APTUS VALUE HOUSING FINANCE INE852O01025	Finance	1.00%
ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LTD. INE346A01027	Capital Markets	1.00%
CORONA REMEDIES LIMITED INE02ZQ01018	Pharmaceuticals and Biotechnology	0.99%
JUBILANT INGREVIA LTD. INE0BY001018	Chemicals and Petrochemicals	0.94%
KFIN TECHNOLOGIES LTD. INE138Y01010	Capital Markets	0.93%
Hindustan Aeronautics Ltd. INE066F01020	Aerospace and Defense	0.82%
SBI FUNDS MANAGEMENT LIMITED INE640G01020	Capital Markets	0.79%
SHADOWFAX TECHNOLOGIES LTD INE12UN01015	Transport Services	0.77%
TENNECO CLEAN AIR INDIA LIMITED INE19RI01016	Auto Components	0.75%
ITC Ltd. INE154A01025	Diversified FMCG	0.69%
MEDI ASSIST HEALTHCARE SERVICES LIMITED INE456Z01021	Insurance	0.57%
CMS INFO SYSTEMS LIMITED INE925R01014	Commercial Services and Supplies	0.55%
WESTERN CARRIERS (INDIA) LTD INE0CJF01024	Transport Services	0.27%

Show 37 moreShow fewer

Short positions 1

Holding	Sector / type	% of fund
Net Current Assets/(Liabilities)	–	-0.18%

Debt, money market and cash 1

Holding	Sector / type	% of fund
Triparty Repo	–	1.55%

From the fund house's monthly portfolio (kotakmf.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility14.8%yearly, from daily NAVs

Worst fall-18.75%27 Sept 2024 → 28 Feb 2025

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Oct 2022).

Fund details

Fund size (average AUM, July - September 2026)	₹3,441 cr across all plans · this plan ₹3,268 cr
Fund house	Kotak Mahindra Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Regular
Option	Growth
Expense ratio (TER)	Direct 0.74% · Regular 2.02% (3 Nov 2026)
Exit load	For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	150626
ISIN	INF174KA1JK2
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹18.7060	+8.11%
Direct · IDCW	₹17.3860	+0.49%
Regular · IDCW	₹16.3590	-0.82%

Top Sectoral / Thematic funds (regular plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+37.70%	+40.44%
HDFC Defence Fund	+19.63%	+33.69%
HDFC Pharma and Healthcare Fund	+26.81%	+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND	+21.11%	+24.39%
HDFC Transportation and Logistics Fund	+8.74%	+23.82%
UTI - Healthcare Fund	+17.70%	+23.50%
Mirae Asset Healthcare Fund	+22.57%	+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND	+16.15%	+22.19%
Kotak Business Cycle Fund	+6.71%	+16.30%

All Sectoral / Thematic funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Kotak Business Cycle Fund - Regular Plan - Growth today?

₹17.6000 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Kotak Business Cycle Fund - Regular Plan - Growth?

1 year: 6.71%, 3 years: 16.30% a year

How does Kotak Business Cycle Fund rank in its category?

78 of 280 Sectoral / Thematic funds (regular plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.