What stocks does Kotak Business Cycle hold?

Kotak Business Cycle holds a portfolio of Indian equity stocks disclosed monthly by Kotak Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Kotak Business Cycle?

Kotak Business Cycle is managed by Kotak Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Kotak Business Cycle?

Kotak Business Cycle is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Kotak Business Cycle portfolio data updated?

Portfolio holdings for Kotak Business Cycle are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Kotak Mutual Fund

Kotak Business Cycle - Direct Plan - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

Share: WhatsApp X

Stocks Held

Apr 2026

Equity Holdings

₹2,935.40 Cr

Equity only, excl. debt & cash

Top 5 Weight

23.3%

Diversified

Top 10 Weight

37.8%

Diversified

Changes

1 new · 5 exits

Top Sector

Banks

17.4% of portfolio

📋 What Happened This Month Kotak Business Cycle made 1 new addition and exited 5 stocks this month. The biggest new buy was Vedanta Limited (Diversified Metals) at 0.71% weight. Larsen & Toubro Limited was the biggest exit (Construction), which was held at 1.74%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 8.18% of the portfolio. UNO Minda Limited was trimmed the most, now at 1.41%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 17.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

1 year history · Kotak Business Cycle - Direct Plan - Growth

-0.43%

+4.08%

-1.48%

+2.71%

Latest NAV

₹17.05

04 Jun 2026

52W High

₹17.66

-3% from High

52W Low

₹14.02

+22% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+6.9%

2024

+29.4%

2023

+24.7%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

21.1%

+ve in 100% windows

45.3% / -1.2%

3Y Rolling Avg

18.8% p.a.

+ve in 100% windows

21.2% / 14.8%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-18.3%

Rec: Aug 2025 (8 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.92

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.29

Penalises downside volatility only.

Std Deviation (3Y)

13.4%

Lower = more consistent returns.

NAV Chart ₹17.05 04 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Kotak Business Cycle - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹17.05

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	16.3%	16.7%	▲ +0.4%
Healthcare Services	8.8%	9.0%	▲ +0.2%
Retailing	7.3%	7.7%	▲ +0.4%
Automobiles	6.5%	6.2%	▼ -0.3%
IT - Software	5.6%	5.8%	▲ +0.2%
Insurance	5.2%	5.0%	▼ -0.1%
Realty	4.0%	4.0%	● +0.0%
Finance	3.8%	3.8%	● 0.0%
Industrial Manufacturing	3.1%	3.6%	▲ +0.6%
Auto Components	3.7%	3.6%	▼ -0.1%

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	16.7%	17.4%	▲ +0.7%
Healthcare Services	9.0%	9.8%	▲ +0.7%
Retailing	7.7%	8.5%	▲ +0.8%
Automobiles	6.2%	5.9%	▼ -0.3%
IT - Software	5.8%	5.3%	▼ -0.5%
Insurance	5.0%	4.7%	▼ -0.3%
Realty	4.0%	4.3%	▲ +0.3%
Finance	3.8%	3.9%	● +0.1%
Industrial Manufacturing	3.6%	3.9%	▲ +0.2%
Consumer Durables	3.4%	3.4%	● +0.0%

🟢

Biggest New Buy

Vedanta Limited

0.71% weight · Diversified Metals

🔴

Biggest Exit

Larsen & Toubro Limited

1.74% was held · Construction

↑

Biggest Add

ICICI Bank Limited

+1.21% · now 8.18%

↓

Biggest Trim

UNO Minda Limited

-0.52% · now 1.41%

🤝 Other funds also bought this month

Vedanta Limited 38 funds

👋 Other funds also exited

Sun Pharmaceutical Industries Limited 33 funds

Larsen & Toubro Limited 24 funds

GE Vernova T&D India Limited 16 funds

IPCA Laboratories Limited 6 funds

Rolex Rings Limited 2 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 1 New Entry 🔴 5 Exits ↑ 23 Increased ↓ 26 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Vedanta Limited ₹21.72 Cr	Diversified Metals	0.71%

#	Stock	Sector	Last Weight (Mar 2026)
1	Larsen & Toubro Limited ₹47.67 Cr	Construction	1.74%
2	GE Vernova T&D India Limited ₹40.86 Cr	Electrical Equipment	1.49%
3	Sun Pharmaceutical Industries Limited ₹25.38 Cr	Pharmaceuticals & Biotechnology	0.93%
4	IPCA Laboratories Limited ₹23.20 Cr	Pharmaceuticals & Biotechnology	0.85%
5	Rolex Rings Limited ₹18.67 Cr	Auto Components	0.68%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	ICICI Bank Limited ₹250.78 Cr	Banks	6.97%	8.18%	+1.21%
2	Krishna Institute Of Medical Sciences Limited ₹98.57 Cr	Healthcare Services	2.45%	3.22%	+0.77%
3	Eternal Limited ₹99.23 Cr	Retailing	2.65%	3.24%	+0.59%
4	Vijaya Diagnostic Centre Limited ₹83.34 Cr	Healthcare Services	2.32%	2.72%	+0.40%
5	Aditya Infotech Limited ₹118.40 Cr	Industrial Manufacturing	3.62%	3.86%	+0.24%
6	Aptus Value Housing Finance India Limited ₹38.34 Cr	Finance	1.05%	1.25%	+0.20%
7	Jubilant Ingrevia Limited ₹35.14 Cr	Chemicals & Petrochemicals	0.98%	1.15%	+0.17%
8	Brigade Enterprises Limited ₹49.34 Cr	Realty	1.48%	1.61%	+0.13%
9	Vishal Mega Mart Limited ₹76.39 Cr	Retailing	2.40%	2.49%	+0.09%
10	Kalpataru Projects International Limited ₹48.89 Cr	Construction	1.51%	1.60%	+0.09%
11	Hindustan Aeronautics Limited ₹26.03 Cr	Aerospace & Defense	0.76%	0.85%	+0.09%
12	Avenue Supermarts Limited ₹70.45 Cr	Retailing	2.22%	2.30%	+0.08%
13	Oberoi Realty Limited ₹44.96 Cr	Realty	1.39%	1.47%	+0.08%
14	Tenneco Clean Air India Limited ₹31.32 Cr	Auto Components	0.95%	1.02%	+0.07%
15	Happy Forgings Limited ₹39.32 Cr	Industrial Products	1.23%	1.28%	+0.05%
16	ICICI Prudential Asset Management Company Limited ₹35.66 Cr	Capital Markets	1.11%	1.16%	+0.05%
17	WESTERN CARRIERS (INDIA) LTD ₹10.25 Cr	Transport Services	0.28%	0.33%	+0.05%
18	Century Plyboards (India) Limited ₹68.09 Cr	Consumer Durables	2.18%	2.22%	+0.04%
19	Mahindra Lifespace Developers Limited ₹36.40 Cr	Realty	1.15%	1.19%	+0.04%
20	Medi Assist Healthcare Services Ltd ₹22.29 Cr	Insurance	0.70%	0.73%	+0.03%
21	Bansal Wire Industries Limited ₹20.75 Cr	Industrial Products	0.66%	0.68%	+0.02%
22	Mankind Pharma Limited ₹45.24 Cr	Pharmaceuticals & Biotechnology	1.47%	1.48%	+0.01%
23	Brainbees Solutions Ltd ₹13.63 Cr	Retailing	0.43%	0.44%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	UNO Minda Limited ₹43.26 Cr	Auto Components	1.93%	1.41%	-0.52%
2	Aster DM Healthcare Limited ₹117.04 Cr	Healthcare Services	4.25%	3.82%	-0.43%
3	Bharti Hexacom Limited ₹95.87 Cr	Telecom - Services	3.48%	3.13%	-0.35%
4	Infosys Limited ₹56.48 Cr	IT - Software	2.18%	1.84%	-0.34%
5	Indian Bank ₹66.60 Cr	Banks	2.41%	2.17%	-0.24%
6	SBI Life Insurance Company Limited ₹60.56 Cr	Insurance	2.16%	1.98%	-0.18%
7	ICICI Lombard General Insurance Company Limited ₹61.06 Cr	Insurance	2.16%	1.99%	-0.17%
8	HDFC Bank Limited ₹85.66 Cr	Banks	2.96%	2.80%	-0.16%
9	Mahindra & Mahindra Limited ₹66.60 Cr	Automobiles	2.32%	2.17%	-0.15%
10	Shriram Finance Limited ₹80.67 Cr	Finance	2.74%	2.63%	-0.11%
11	Axis Bank Limited ₹129.49 Cr	Banks	4.33%	4.23%	-0.10%
12	Maruti Suzuki India Limited ₹79.48 Cr	Automobiles	2.68%	2.59%	-0.09%
13	Sagility Limited ₹39.34 Cr	IT - Services	1.37%	1.28%	-0.09%
14	Reliance Industries Limited ₹50.79 Cr	Petroleum Products	1.74%	1.66%	-0.08%
15	TVS Motor Company Limited ₹33.42 Cr	Automobiles	1.17%	1.09%	-0.08%
16	Godrej Consumer Products Limited ₹69.60 Cr	Personal Products	2.34%	2.27%	-0.07%
17	UltraTech Cement Limited ₹60.25 Cr	Cement & Cement Products	2.04%	1.97%	-0.07%
18	Hexaware Technologies Limited ₹30.78 Cr	IT - Software	1.07%	1.00%	-0.07%
19	360 One WAM Limited ₹68.28 Cr	Capital Markets	2.29%	2.23%	-0.06%
20	NTPC Limited ₹43.96 Cr	Power	1.49%	1.43%	-0.06%
21	United Spirits Limited ₹45.70 Cr	Beverages	1.53%	1.49%	-0.04%
22	Tech Mahindra Limited ₹23.58 Cr	IT - Software	0.81%	0.77%	-0.04%
23	ITC Limited ₹28.34 Cr	Diversified FMCG	0.94%	0.92%	-0.02%
24	CMS Info Systems Limited ₹25.38 Cr	Commercial Services & Supplies	0.85%	0.83%	-0.02%
25	Mphasis Limited ₹52.57 Cr	IT - Software	1.73%	1.72%	-0.01%
26	LG Electronics India Ltd ₹36.09 Cr	Consumer Durables	1.19%	1.18%	-0.01%

Full Portfolio

50 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹250.78 Cr	Banks	8.18%
2	Axis Bank Limited ₹129.49 Cr	Banks	4.23%
3	Aditya Infotech Limited ₹118.40 Cr	Industrial Manufacturing	3.86%
4	Aster DM Healthcare Limited ₹117.04 Cr	Healthcare Services	3.82%
5	Eternal Limited ₹99.23 Cr	Retailing	3.24%
6	Krishna Institute Of Medical Sciences Limited ₹98.57 Cr	Healthcare Services	3.22%
7	Bharti Hexacom Limited ₹95.87 Cr	Telecom - Services	3.13%
8	HDFC Bank Limited ₹85.66 Cr	Banks	2.80%
9	Vijaya Diagnostic Centre Limited ₹83.34 Cr	Healthcare Services	2.72%
10	Shriram Finance Limited ₹80.67 Cr	Finance	2.63%
11	Maruti Suzuki India Limited ₹79.48 Cr	Automobiles	2.59%
12	Vishal Mega Mart Limited ₹76.39 Cr	Retailing	2.49%
13	Avenue Supermarts Limited ₹70.45 Cr	Retailing	2.30%
14	Godrej Consumer Products Limited ₹69.60 Cr	Personal Products	2.27%
15	360 One WAM Limited ₹68.28 Cr	Capital Markets	2.23%
16	Century Plyboards (India) Limited ₹68.09 Cr	Consumer Durables	2.22%
17	Mahindra & Mahindra Limited ₹66.60 Cr	Automobiles	2.17%
18	Indian Bank ₹66.60 Cr	Banks	2.17%
19	ICICI Lombard General Insurance Company Limited ₹61.06 Cr	Insurance	1.99%
20	SBI Life Insurance Company Limited ₹60.56 Cr	Insurance	1.98%
21	UltraTech Cement Limited ₹60.25 Cr	Cement & Cement Products	1.97%
22	Infosys Limited ₹56.48 Cr	IT - Software	1.84%
23	Mphasis Limited ₹52.57 Cr	IT - Software	1.72%
24	Reliance Industries Limited ₹50.79 Cr	Petroleum Products	1.66%
25	Brigade Enterprises Limited ₹49.34 Cr	Realty	1.61%
26	Kalpataru Projects International Limited ₹48.89 Cr	Construction	1.60%
27	United Spirits Limited ₹45.70 Cr	Beverages	1.49%
28	Mankind Pharma Limited ₹45.24 Cr	Pharmaceuticals & Biotechnology	1.48%
29	Oberoi Realty Limited ₹44.96 Cr	Realty	1.47%
30	NTPC Limited ₹43.96 Cr	Power	1.43%
31	UNO Minda Limited ₹43.26 Cr	Auto Components	1.41%
32	Sagility Limited ₹39.34 Cr	IT - Services	1.28%
33	Happy Forgings Limited ₹39.32 Cr	Industrial Products	1.28%
34	Aptus Value Housing Finance India Limited ₹38.34 Cr	Finance	1.25%
35	Mahindra Lifespace Developers Limited ₹36.40 Cr	Realty	1.19%
36	LG Electronics India Ltd ₹36.09 Cr	Consumer Durables	1.18%
37	ICICI Prudential Asset Management Company Limited ₹35.66 Cr	Capital Markets	1.16%
38	Jubilant Ingrevia Limited ₹35.14 Cr	Chemicals & Petrochemicals	1.15%
39	TVS Motor Company Limited ₹33.42 Cr	Automobiles	1.09%
40	Tenneco Clean Air India Limited ₹31.32 Cr	Auto Components	1.02%
41	Hexaware Technologies Limited ₹30.78 Cr	IT - Software	1.00%
42	ITC Limited ₹28.34 Cr	Diversified FMCG	0.92%
43	Hindustan Aeronautics Limited ₹26.03 Cr	Aerospace & Defense	0.85%
44	CMS Info Systems Limited ₹25.38 Cr	Commercial Services & Supplies	0.83%
45	Tech Mahindra Limited ₹23.58 Cr	IT - Software	0.77%
46	Medi Assist Healthcare Services Ltd ₹22.29 Cr	Insurance	0.73%
47	Vedanta Limited ₹21.72 Cr	Diversified Metals	0.71%
48	Bansal Wire Industries Limited ₹20.75 Cr	Industrial Products	0.68%
49	Brainbees Solutions Ltd ₹13.63 Cr	Retailing	0.44%
50	WESTERN CARRIERS (INDIA) LTD ₹10.25 Cr	Transport Services	0.33%