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Multi Cap · Kotak Mahindra Mutual Fund · AMFI code 149182Kotak Multi Cap Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹30,335 Cr
down ₹194 Cr vs Aug 2026
- Stocks held
- 72
- up 4 vs Aug 2026
- Top 10 weight
- 35.2%
- of the portfolio in its ten largest
- Cash & debt
- 1.2%
- cash, money market and debt
- Moves this month
- 4 in · 0 out
- added to 10, trimmed 48
Holdings as of the end of September 2026, from Kotak Mahindra Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
Kotak Multi Cap Fund is an active equity fund in the Multi Cap category from Kotak Mahindra Mutual Fund. In September 2026 it disclosed 72 stocks worth ₹30,335 Cr, down ₹194 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (5.7%), Maruti Suzuki India Limited (4.1%), State Bank of India (3.5%); the ten largest together made up 35.2% of the portfolio, and Banks was the biggest sector at 20.7% of its equity. Cash and debt stood at 1.2%. Compared with Aug 2026 the fund entered 4 new stocks and exited 0.
Against 31 other Multi Cap funds
Concentration
84%
Top-10 weight is higher than 84% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
6%
Holds more cash than 6% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 5.66% | up 0.36 pts | ₹1,717 Cr | up ₹98.5 Cr | Added |
| Maruti Suzuki India Limited | 4.10% | down 0.47 pts | ₹1,244 Cr | down ₹151 Cr | Trimmed |
| State Bank of India | 3.55% | down 0.35 pts | ₹1,076 Cr | down ₹113 Cr | Trimmed |
| Oracle Financial Services Software Limited | 3.46% | down 0.60 pts | ₹1,049 Cr | down ₹188 Cr | Trimmed |
| INDO-MIM Ltd. | 3.33% | up 0.92 pts | ₹1,010 Cr | up ₹275 Cr | Added |
| Eternal Limited | 3.28% | down 0.06 pts | ₹995 Cr | down ₹25.2 Cr | Trimmed |
| Hero MotoCorp Limited | 3.26% | down 0.11 pts | ₹988 Cr | down ₹39.4 Cr | Trimmed |
| IndusInd Bank Limited | 2.97% | down 0.36 pts | ₹900 Cr | down ₹115 Cr | Trimmed |
| Indus Towers Limited | 2.86% | down 0.10 pts | ₹869 Cr | down ₹36.3 Cr | Trimmed |
| One 97 Communications Limited | 2.70% | up 1.92 pts | ₹820 Cr | up ₹580 Cr | Added |
| Bank of Baroda | 2.29% | up 0.13 pts | ₹695 Cr | up ₹35.4 Cr | Added |
| Power Finance Corporation Limited | 2.26% | down 0.06 pts | ₹686 Cr | down ₹22.8 Cr | Trimmed |
| Radico Khaitan Limited | 2.26% | down 0.18 pts | ₹686 Cr | down ₹60.3 Cr | Trimmed |
| NTPC Limited | 2.20% | down 0.02 pts | ₹668 Cr | down ₹9.6 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 2.13% | down 0.18 pts | ₹645 Cr | down ₹59.7 Cr | Trimmed |
| ITC Limited | 2.04% | up 0.07 pts | ₹619 Cr | up ₹17.1 Cr | Added |
| The South Indian Bank Limited | 1.93% | up 0.12 pts | ₹587 Cr | up ₹31.4 Cr | Added |
| Kajaria Ceramics Limited | 1.89% | down <0.01 pts | ₹573 Cr | down ₹4.5 Cr | Trimmed |
| Poonawalla Fincorp Limited | 1.72% | down 0.07 pts | ₹521 Cr | down ₹23.4 Cr | Trimmed |
| The Jammu & Kashmir Bank Limited | 1.67% | down 0.05 pts | ₹507 Cr | down ₹18.2 Cr | Trimmed |
| Engineers India Limited | 1.64% | up 0.26 pts | ₹497 Cr | up ₹76.7 Cr | Added |
| NLC India Limited | 1.63% | down 0.02 pts | ₹494 Cr | down ₹10.8 Cr | Trimmed |
| Sun TV Network Limited | 1.54% | up 0.36 pts | ₹468 Cr | up ₹108 Cr | Added |
| LIC Housing Finance Limited | 1.53% | down 0.01 pts | ₹463 Cr | down ₹7.2 Cr | Trimmed |
| Larsen & Toubro Limited | 1.48% | down 0.10 pts | ₹449 Cr | down ₹34.1 Cr | Trimmed |
| Pine Labs Limited | 1.43% | up 1.43 pts | ₹435 Cr | up ₹435 Cr | New |
| RBL Bank Limited | 1.32% | down 0.05 pts | ₹400 Cr | down ₹19 Cr | Trimmed |
| Jyoti CNC Automation Ltd | 1.31% | up 0.06 pts | ₹397 Cr | up ₹17.1 Cr | Added |
| Tata Technologies Limited | 1.28% | up 0.05 pts | ₹389 Cr | up ₹13.4 Cr | Added |
| United Spirits Limited | 1.24% | down 0.12 pts | ₹377 Cr | down ₹37.9 Cr | Trimmed |
| Cash, TREPS & receivables | 1.23% | down 1.85 pts | ₹374 Cr | down ₹568 Cr | Trimmed |
| Whirlpool of India Limited | 1.20% | up 0.20 pts | ₹365 Cr | up ₹59.8 Cr | Added |
| InterGlobe Aviation Limited | 1.15% | down 0.05 pts | ₹349 Cr | down ₹17.5 Cr | Trimmed |
| DLF Limited | 1.14% | down 0.02 pts | ₹345 Cr | down ₹8.7 Cr | Trimmed |
| Swiggy Limited | 1.14% | down 0.14 pts | ₹345 Cr | down ₹43.9 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.12% | down 0.06 pts | ₹340 Cr | down ₹19.3 Cr | Trimmed |
| Yatharth Hospital & Trauma Care Serv Ltd | 1.07% | up 0.04 pts | ₹326 Cr | up ₹9.6 Cr | Added |
| Bandhan Bank Limited | 1.04% | up 0.09 pts | ₹316 Cr | up ₹26.1 Cr | Added |
| Kalpataru Projects International Limited | 1.03% | down 0.01 pts | ₹312 Cr | down ₹4.6 Cr | Trimmed |
| Tata Communications Limited | 0.96% | down 0.03 pts | ₹291 Cr | down ₹11.8 Cr | Trimmed |
| Life Insurance Corporation Of India | 0.92% | down 0.05 pts | ₹280 Cr | down ₹16.1 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 0.91% | down 0.11 pts | ₹276 Cr | down ₹35.7 Cr | Trimmed |
| Acutaas Chemicals Limited | 0.89% | up 0.04 pts | ₹271 Cr | up ₹9.8 Cr | Added |
| Hindustan Unilever Limited | 0.88% | down 0.04 pts | ₹267 Cr | down ₹12.5 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 0.87% | down 0.10 pts | ₹263 Cr | down ₹33 Cr | Trimmed |
| Dalmia Bharat Limited | 0.83% | down 0.08 pts | ₹250 Cr | down ₹25.6 Cr | Trimmed |
| Lohia Corp Ltd. | 0.82% | up 0.01 pts | ₹248 Cr | up ₹2.5 Cr | Added |
| Bharti Airtel Limited | 0.78% | down 0.91 pts | ₹236 Cr | down ₹279 Cr | Trimmed |
| PVR Limited | 0.76% | up 0.01 pts | ₹230 Cr | up ₹27 L | Held |
| Shree Cement Limited | 0.75% | down 0.02 pts | ₹227 Cr | down ₹8.7 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (4)
- Pine Labs Limited1.4% · ₹435 Cr
- AXISCADES Technologies Limited0.7% · ₹203 Cr
- National Stock Exchange Of India Ltd0.3% · ₹80.6 Cr
- CRISIL Limited0.2% · ₹52.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- One 97 Communications Limitedup ₹580 Cr (+1.92% pts)
- INDO-MIM Ltd.up ₹275 Cr (+0.92% pts)
- Sun TV Network Limitedup ₹108 Cr (+0.36% pts)
- HDFC Bank Limitedup ₹98.5 Cr (+0.36% pts)
- Engineers India Limitedup ₹76.7 Cr (+0.26% pts)
- Whirlpool of India Limitedup ₹59.8 Cr (+0.20% pts)
- Bank of Barodaup ₹35.4 Cr (+0.13% pts)
- The South Indian Bank Limitedup ₹31.4 Cr (+0.12% pts)
- Bandhan Bank Limitedup ₹26.1 Cr (+0.09% pts)
- Jubilant Pharmova Limitedup ₹22.9 Cr (+0.08% pts)
Trimmed Biggest reductions
- Bharti Airtel Limiteddown ₹279 Cr (−0.91% pts)
- Oracle Financial Services Software Limiteddown ₹188 Cr (−0.60% pts)
- Maruti Suzuki India Limiteddown ₹151 Cr (−0.47% pts)
- IndusInd Bank Limiteddown ₹115 Cr (−0.36% pts)
- State Bank of Indiadown ₹113 Cr (−0.35% pts)
- MphasiS Limiteddown ₹99.4 Cr (−0.33% pts)
- Radico Khaitan Limiteddown ₹60.3 Cr (−0.18% pts)
- Sun Pharmaceutical Industries Limiteddown ₹59.7 Cr (−0.18% pts)
- Swiggy Limiteddown ₹43.9 Cr (−0.14% pts)
- Hero MotoCorp Limiteddown ₹39.4 Cr (−0.11% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Financial Technology (fintech) (+3.4 pts) and Industrial Manufacturing (+0.9 pts), and fell most in Telecom - Services (−1.2 pts) and IT - Software (−1.0 pts).
- Financial Technology (fintech)0.8% → 4.2%+3.4 pts
- Industrial Manufacturing4.8% → 5.8%+0.9 pts
- Aerospace & Defense0.0% → 0.7%new+0.7 pts
- Entertainment2.0% → 2.3%+0.3 pts
- Capital Markets1.8% → 1.9%+0.2 pts
- Telecom - Services5.8% → 4.7%−1.2 pts
- IT - Software4.6% → 3.5%−1.0 pts
- Automobiles8.2% → 7.5%−0.7 pts
- Banks21.2% → 20.7%−0.5 pts
- Beverages3.9% → 3.6%−0.4 pts
- Finance7.9% → 7.6%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 21.2% | 20.7% |
| Finance | 7.9% | 7.6% |
| Automobiles | 8.2% | 7.5% |
| Industrial Manufacturing | 4.8% | 5.8% |
| Construction | 4.9% | 4.9% |
| Telecom - Services | 5.8% | 4.7% |
| Retailing | 4.8% | 4.5% |
| Pharmaceuticals & Biotechnology | 4.5% | 4.4% |
| Financial Technology (fintech) | 0.8% | 4.2% |
| Consumer Durables | 4.1% | 4.1% |
Allocation in Sep 2026change vs Aug 2026
- Banks (8)20.7%▼ 0.5 pts
- Finance (6)7.6%▼ 0.3 pts
- Automobiles (2)7.5%▼ 0.7 pts
- Industrial Manufacturing (4)5.8%▲ 0.9 pts
- Construction (4)4.9%
- Telecom - Services (3)4.7%▼ 1.2 pts
- Retailing (2)4.5%▼ 0.3 pts
- Pharmaceuticals & Biotechnology (5)4.4%▼ 0.1 pts
- Financial Technology (fintech) (2)4.2%▲ 3.4 pts
- Consumer Durables (4)4.1%
- Power (2)3.9%▼ 0.1 pts
- Beverages (2)3.6%▼ 0.4 pts
- IT - Software (2)3.5%▼ 1.0 pts
- Diversified FMCG (2)3.0%
- Cement & Cement Products (4)2.6%▼ 0.3 pts
- Entertainment (2)2.3%▲ 0.3 pts
- Capital Markets (3)1.9%▲ 0.2 pts
- IT - Services (1)1.3%
- Transport Services (1)1.2%▼ 0.1 pts
- Realty (1)1.2%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
1.2%
▼ 1.9 pts vs Aug 2026
- Cash alone
- 1.3%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.7% – 3.1%
- lowest to highest · record 3.1% in Aug 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.