Markets / Mutual funds / Contra
Kotak Mahindra Mutual Fund · Equity fund · Direct plan · IDCW
The investment objective of the Scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments.The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued.Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors.There is no assurance that the investment objective of the Scheme will be achieved.
Bars: this plan; the thin mark is the Contra average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.5 | |||||||||||
| 2025 | -5.2 | -7.7 | +7.4 | +1.8 | +4.7 | +4.1 | -2.0 | -0.9 | +1.0 | +4.1 | +1.2 | +0.6 |
| 2026 | -2.4 | +1.4 | -12.0 | +8.8 | -0.1 | +2.8 | +1.8 | +0.8 | -6.0 | -2.4 | +7.1 |
Each month's change in NAV (the current month to the latest NAV).
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.
| Holding | % of fund |
|---|---|
| ICICI BANK LTD. INE090A01021 | 5.93% |
| HDFC BANK LTD. INE040A01034 | 5.06% |
| STATE BANK OF INDIA. INE062A01020 | 3.24% |
| RELIANCE INDUSTRIES LTD. INE002A01018 | 2.70% |
| Hero MotoCorp Ltd. INE158A01026 | 2.67% |
| SHRIRAM FINANCE LIMITED INE721A01047 | 2.53% |
| Larsen and Toubro Ltd. INE018A01030 | 2.50% |
| NTPC LTD INE733E01010 | 2.46% |
| BHARTI AIRTEL LTD. INE397D01024 | 2.42% |
| SWIGGY LTD INE00H001014 | 2.26% |
| Tech Mahindra Ltd. INE669C01036 | 2.10% |
| POONAWALLA FINCORP LIMITED INE511C01022 | 2.09% |
| Mphasis Ltd INE356A01018 | 2.00% |
| Fortis Healthcare India Ltd INE061F01013 | 1.98% |
| Maruti Suzuki India Limited INE585B01010 | 1.96% |
| INDO-MIM LTD INE084101034 | 1.93% |
| Ultratech Cement Ltd. INE481G01011 | 1.85% |
| Infosys Ltd. INE009A01021 | 1.83% |
| PARK MEDI WORLD LIMITED (PARK HOSPITAL) INE119201023 | 1.77% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. INE044A01036 | 1.70% |
| Indus Towers Ltd. INE121J01017 | 1.70% |
| IPCA Laboratories Ltd. INE571A01038 | 1.68% |
| INDIAN BANK INE562A01011 | 1.63% |
| Bharat Electronics Ltd. INE263A01024 | 1.50% |
| JAMMU KASHMIR BANK LTD INE168A01041 | 1.50% |
| BAJAJ FINANCE LTD. INE296A01032 | 1.49% |
| AXIS BANK LTD. INE238A01034 | 1.48% |
| PIRAMAL FINANCE LTD INE202B01038 | 1.44% |
| INDUSIND BANK LTD. INE095A01012 | 1.43% |
| Schaeffler India Ltd INE513A01022 | 1.42% |
| Jindal Steel & Power Ltd INE749A01030 | 1.38% |
| V-Guard Industries Ltd. INE951I01027 | 1.33% |
| Inter Globe Aviation Ltd INE646L01027 | 1.32% |
| BANK OF MAHARASHTRA INE457A01014 | 1.32% |
| MOLBIO DIAGNOSTICS LIMITED INE869T01028 | 1.31% |
| SRF LTD. INE647A01010 | 1.30% |
| Dalmia Bharat Limited INE00R701025 | 1.28% |
| ASTRA MICROWAVE PRODUCTS LTD. INE386C01029 | 1.27% |
| Ajanta Pharma Ltd. INE031B01049 | 1.19% |
| KALPATARU PROJECTS INTERNATIONAL LIMITED INE220B01022 | 1.19% |
| GE VERNOVA T&D INDIA LIMITED INE200A01026 | 1.18% |
| Ashok Leyland Ltd. INE208A01029 | 1.11% |
| METROPOLIS HEALTHCARE LTD. INE112L01020 | 1.10% |
| Tata Steel Ltd. INE081A01020 | 1.10% |
| Minda Industries Ltd. INE405E01023 | 1.07% |
| KEI Industries Ltd. INE878B01027 | 1.06% |
| Century Plyboards (India) Ltd. INE348B01021 | 1.05% |
| DLF LIMITED INE271C01023 | 1.04% |
| Radico Khaitan Ltd. INE944F01028 | 1.02% |
| TENNECO CLEAN AIR INDIA LIMITED INE19RI01016 | 0.98% |
| PINE LABS LTD. INE15B701018 | 0.97% |
| GODREJ CONSUMER PRODUCTS LTD. INE102D01028 | 0.95% |
| VIYASH SCIENTIFIC LTD INE807F01027 | 0.90% |
| SBI FUNDS MANAGEMENT LIMITED INE640G01020 | 0.87% |
| Hindalco Industries Ltd. INE038A01020 | 0.80% |
| AXISCADES TECHNOLOGIES LTD INE555B01013 | 0.68% |
| SOUTH INDIAN BANK LTD INE683A01023 | 0.67% |
| VISHAL MEGA MART LIMITED INE01EA01019 | 0.66% |
| L&T FINANCE LTD INE498L01015 | 0.65% |
| Global Health Ltd. INE474Q01031 | 0.57% |
| ITC Ltd. INE154A01025 | 0.56% |
| LUMINO INDUSTRIES LIMITED INE185Q01025 | 0.44% |
| NATIONAL STOCK EXCHANGE OF INDIA LIMITED (NSE) INE721I01024 | 0.38% |
| Holding | % of fund |
|---|---|
| Net Current Assets/(Liabilities) | -0.46% |
| Holding | % of fund |
|---|---|
| Triparty Repo | 1.51% |
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.
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 May 2016).
| Fund size (average AUM, July - September 2026) | ₹5,428 cr across all plans · this plan ₹10.64 cr |
| Fund house | Kotak Mahindra Mutual Fund |
| Category | Equity · Contra |
| Plan | Direct |
| Option | IDCW |
| Expense ratio (TER) | Direct 0.78% · Regular 2.02% (3 Nov 2026) |
| Exit load | For redemption / switch out within 90 days from the date of allotment: 1% If units are redeemed or switched out on or after 90 days from the date of allotment - Nil. Any exit load charged (net off Goods and Services, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load. |
| Minimum investment | ₹100 · additional ₹100 |
| Scheme code (AMFI) | 119768 |
| ISIN | INF174K01LA0 |
| NAV date | 6 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹182.6320 | +0.50% |
| Regular · Growth | ₹152.3460 | -0.74% |
| Regular · IDCW | ₹52.5130 | -0.74% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| Invesco India Contra Fund | +1.39% | +16.13% |
| Kotak Contra Fund | +0.50% | +15.68% |
| SBI CONTRA FUND | -3.17% | +11.84% |
Information only, not investment advice.
₹64.9890 as of 6 Nov 2026, from AMFI's official NAV data.
1 year: 0.50%, 3 years: 15.68% a year, 5 years: 14.15% a year
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.