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 Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹3,389.41 Cr

Equity only, excl. debt & cash

AAUM

₹3,104.69 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

24.9%

Diversified

Top 10 Weight

39.8%

Diversified

Changes

3 new · 3 exits

Top Sector

Banks

16.7% of portfolio

Launch Date

07 Sep 2022

4 years old

AAUM (Average Assets Under Management) of ₹3,104.69 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Kotak Business Cycle made 3 new additions and exited 3 stocks this month. The biggest new buy was Indo-MIM Limited (Industrial Manufacturing) at 2.74% weight. United Spirits Limited was the biggest exit (Beverages), which was held at 1.41%. Among existing holdings, Eternal Limited saw the biggest increase — now at 3.83% of the portfolio. Aditya Infotech Limited was trimmed the most, now at 5.06%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

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

+4.02%

+8.54%

+8.48%

+6.93%

Latest NAV

₹18.57

24 Aug 2026

52W High

₹18.68

-1% from High

52W Low

₹14.02

+33% 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

20.0%

+ve in 100% windows

45.3% / -1.2%

3Y Rolling Avg

18.7% 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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.83

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.17

Penalises downside volatility only.

Std Deviation (3Y)

13.6%

Lower = more consistent returns.

NAV Chart ₹18.57 24 Aug 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: ₹18.57

Sector Shift Industry allocation month-over-month

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	16.9%	17.4%	▲ +0.5%
Healthcare Services	10.5%	10.6%	▲ +0.1%
Retailing	10.3%	10.2%	● -0.1%
Industrial Manufacturing	4.7%	5.6%	▲ +0.9%
Automobiles	5.6%	5.6%	● -0.1%
Insurance	4.7%	4.3%	▼ -0.4%
IT - Software	5.3%	4.0%	▼ -1.3%
Finance	3.8%	4.0%	▲ +0.1%
Realty	3.9%	3.9%	● 0.0%
Power	1.4%	3.8%	▲ +2.4%

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	17.4%	16.7%	▼ -0.7%
Healthcare Services	10.6%	10.4%	▼ -0.2%
Retailing	10.2%	9.8%	▼ -0.4%
Industrial Manufacturing	5.6%	7.8%	▲ +2.2%
Automobiles	5.6%	5.8%	▲ +0.3%
IT - Software	4.0%	4.4%	▲ +0.4%
Insurance	4.3%	4.2%	▼ -0.2%
Capital Markets	3.2%	4.1%	▲ +0.9%
Finance	4.0%	3.8%	▼ -0.2%
Power	3.8%	3.5%	▼ -0.3%

🟢

Biggest New Buy

Indo-MIM Limited

2.74% weight · Industrial Manufacturing

🔴

Biggest Exit

United Spirits Limited

1.41% was held · Beverages

↑

Biggest Add

Eternal Limited

+0.37% · now 3.83%

↓

Biggest Trim

Aditya Infotech Limited

-0.56% · now 5.06%

🤝 Other funds also bought this month

Indo-MIM Limited 89 funds

SBI Funds Management Limited 89 funds

Shadowfax Technologies Ltd. 19 funds

👋 Other funds also exited

United Spirits Limited 25 funds

Brainbees Solutions Ltd 6 funds

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

🟢 3 New Entries 🔴 3 Exits ↑ 22 Increased ↓ 25 Decreased

#	Stock	Sector	Weight (Jul 2026)
1	Indo-MIM Limited ₹93.62 Cr	Industrial Manufacturing	2.74%
2	SBI Funds Management Limited ₹30.79 Cr	Capital Markets	0.90%
3	Shadowfax Technologies Ltd. ₹22.76 Cr	Transport Services	0.67%

#	Stock	Sector	Last Weight (Jun 2026)
1	United Spirits Limited ₹46.56 Cr	Beverages	1.41%
2	Mahindra Lifespace Developers Limited ₹39.18 Cr	Realty	1.19%
3	Brainbees Solutions Ltd ₹12.73 Cr	Retailing	0.39%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Eternal Limited ₹130.57 Cr	Retailing	3.46%	3.83%	+0.37%
2	TVS Motor Company Limited ₹41.27 Cr	Automobiles	1.00%	1.21%	+0.21%
3	Hexaware Technologies Limited ₹42.96 Cr	IT - Software	1.07%	1.26%	+0.19%
4	Brigade Enterprises Limited ₹48.32 Cr	Realty	1.26%	1.42%	+0.16%
5	Jubilant Ingrevia Limited ₹36.22 Cr	Chemicals & Petrochemicals	0.91%	1.06%	+0.15%
6	Bharti Hexacom Limited ₹101.57 Cr	Telecom - Services	2.84%	2.98%	+0.14%
7	Mahindra & Mahindra Limited ₹73.07 Cr	Automobiles	2.00%	2.14%	+0.14%
8	Infosys Limited ₹54.01 Cr	IT - Software	1.45%	1.58%	+0.13%
9	Lenskart Solutions Limited ₹76.07 Cr	Retailing	2.11%	2.23%	+0.12%
10	ICICI Bank Limited ₹284.93 Cr	Banks	8.27%	8.35%	+0.08%
11	Mphasis Limited ₹54.09 Cr	IT - Software	1.51%	1.59%	+0.08%
12	Sagility Limited ₹40.90 Cr	IT - Services	1.12%	1.20%	+0.08%
13	UNO Minda Limited ₹45.91 Cr	Auto Components	1.28%	1.35%	+0.07%
14	Godrej Consumer Products Limited ₹69.82 Cr	Personal Products	1.99%	2.05%	+0.06%
15	Century Plyboards (India) Limited ₹68.24 Cr	Consumer Durables	1.94%	2.00%	+0.06%
16	SBI Life Insurance Company Limited ₹62.66 Cr	Insurance	1.78%	1.84%	+0.06%
17	360 One WAM Limited ₹74.92 Cr	Capital Markets	2.15%	2.20%	+0.05%
18	Happy Forgings Limited ₹48.21 Cr	Industrial Products	1.36%	1.41%	+0.05%
19	UltraTech Cement Limited ₹61.90 Cr	Cement & Cement Products	1.77%	1.81%	+0.04%
20	Corona Remedies Limited ₹33.97 Cr	Pharmaceuticals & Biotechnology	0.96%	1.00%	+0.04%
21	Aster DM Healthcare Limited ₹136.52 Cr	Healthcare Services	3.97%	4.00%	+0.03%
22	Hindustan Aeronautics Limited ₹27.88 Cr	Aerospace & Defense	0.80%	0.82%	+0.02%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Aditya Infotech Limited ₹172.65 Cr	Industrial Manufacturing	5.62%	5.06%	-0.56%
2	Axis Bank Limited ₹125.53 Cr	Banks	4.16%	3.68%	-0.48%
3	HDFC Bank Limited ₹94.27 Cr	Banks	3.04%	2.76%	-0.28%
4	Vishal Mega Mart Limited ₹67.08 Cr	Retailing	2.24%	1.97%	-0.27%
5	Avenue Supermarts Limited ₹60.24 Cr	Retailing	2.04%	1.77%	-0.27%
6	Acme Solar Holdings Ltd ₹80.85 Cr	Power	2.57%	2.37%	-0.20%
7	ICICI Lombard General Insurance Company Limited ₹56.23 Cr	Insurance	1.83%	1.65%	-0.18%
8	Krishna Institute Of Medical Sciences Limited ₹118.97 Cr	Healthcare Services	3.65%	3.49%	-0.16%
9	Kalpataru Projects International Limited ₹50.43 Cr	Construction	1.62%	1.48%	-0.14%
10	Vijaya Diagnostic Centre Limited ₹99.18 Cr	Healthcare Services	3.02%	2.91%	-0.11%
11	Aptus Value Housing Finance India Limited ₹38.49 Cr	Finance	1.24%	1.13%	-0.11%
12	Tenneco Clean Air India Limited ₹27.10 Cr	Auto Components	0.90%	0.79%	-0.11%
13	ICICI Prudential Asset Management Company Limited ₹33.77 Cr	Capital Markets	1.09%	0.99%	-0.10%
14	Mankind Pharma Limited ₹49.73 Cr	Pharmaceuticals & Biotechnology	1.55%	1.46%	-0.09%
15	Shriram Finance Limited ₹90.09 Cr	Finance	2.72%	2.64%	-0.08%
16	NTPC Limited ₹38.24 Cr	Power	1.19%	1.12%	-0.07%
17	LG Electronics India Ltd ₹33.77 Cr	Consumer Durables	1.06%	0.99%	-0.07%
18	Maruti Suzuki India Limited ₹84.97 Cr	Automobiles	2.55%	2.49%	-0.06%
19	CMS Info Systems Limited ₹22.38 Cr	Commercial Services & Supplies	0.72%	0.66%	-0.06%
20	Vedanta Aluminium Metal Limited ₹65.86 Cr	Metals & Minerals Trading	1.97%	1.93%	-0.04%
21	ITC Limited ₹25.29 Cr	Diversified FMCG	0.78%	0.74%	-0.04%
22	Medi Assist Healthcare Services Ltd ₹23.13 Cr	Insurance	0.72%	0.68%	-0.04%
23	WESTERN CARRIERS (INDIA) LTD ₹8.99 Cr	Transport Services	0.30%	0.26%	-0.04%
24	Reliance Industries Limited ₹46.43 Cr	Petroleum Products	1.39%	1.36%	-0.03%
25	Indian Bank ₹65.40 Cr	Banks	1.93%	1.92%	-0.01%

What Stocks Does This Fund Hold?

51 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹284.93 Cr	Banks	8.35%
2	Aditya Infotech Limited ₹172.65 Cr	Industrial Manufacturing	5.06%
3	Aster DM Healthcare Limited ₹136.52 Cr	Healthcare Services	4.00%
4	Eternal Limited ₹130.57 Cr	Retailing	3.83%
5	Axis Bank Limited ₹125.53 Cr	Banks	3.68%
6	Krishna Institute Of Medical Sciences Limited ₹118.97 Cr	Healthcare Services	3.49%
7	Bharti Hexacom Limited ₹101.57 Cr	Telecom - Services	2.98%
8	Vijaya Diagnostic Centre Limited ₹99.18 Cr	Healthcare Services	2.91%
9	HDFC Bank Limited ₹94.27 Cr	Banks	2.76%
10	Indo-MIM Limited ₹93.62 Cr	Industrial Manufacturing	2.74%
11	Shriram Finance Limited ₹90.09 Cr	Finance	2.64%
12	Maruti Suzuki India Limited ₹84.97 Cr	Automobiles	2.49%
13	Acme Solar Holdings Ltd ₹80.85 Cr	Power	2.37%
14	Lenskart Solutions Limited ₹76.07 Cr	Retailing	2.23%
15	360 One WAM Limited ₹74.92 Cr	Capital Markets	2.20%
16	Mahindra & Mahindra Limited ₹73.07 Cr	Automobiles	2.14%
17	Godrej Consumer Products Limited ₹69.82 Cr	Personal Products	2.05%
18	Century Plyboards (India) Limited ₹68.24 Cr	Consumer Durables	2.00%
19	Vishal Mega Mart Limited ₹67.08 Cr	Retailing	1.97%
20	Vedanta Aluminium Metal Limited ₹65.86 Cr	Metals & Minerals Trading	1.93%
21	Indian Bank ₹65.40 Cr	Banks	1.92%
22	SBI Life Insurance Company Limited ₹62.66 Cr	Insurance	1.84%
23	UltraTech Cement Limited ₹61.90 Cr	Cement & Cement Products	1.81%
24	Avenue Supermarts Limited ₹60.24 Cr	Retailing	1.77%
25	ICICI Lombard General Insurance Company Limited ₹56.23 Cr	Insurance	1.65%
26	Mphasis Limited ₹54.09 Cr	IT - Software	1.59%
27	Infosys Limited ₹54.01 Cr	IT - Software	1.58%
28	Kalpataru Projects International Limited ₹50.43 Cr	Construction	1.48%
29	Mankind Pharma Limited ₹49.73 Cr	Pharmaceuticals & Biotechnology	1.46%
30	Oberoi Realty Limited ₹49.22 Cr	Realty	1.44%
31	Brigade Enterprises Limited ₹48.32 Cr	Realty	1.42%
32	Happy Forgings Limited ₹48.21 Cr	Industrial Products	1.41%
33	Reliance Industries Limited ₹46.43 Cr	Petroleum Products	1.36%
34	UNO Minda Limited ₹45.91 Cr	Auto Components	1.35%
35	Hexaware Technologies Limited ₹42.96 Cr	IT - Software	1.26%
36	TVS Motor Company Limited ₹41.27 Cr	Automobiles	1.21%
37	Sagility Limited ₹40.90 Cr	IT - Services	1.20%
38	Aptus Value Housing Finance India Limited ₹38.49 Cr	Finance	1.13%
39	NTPC Limited ₹38.24 Cr	Power	1.12%
40	Jubilant Ingrevia Limited ₹36.22 Cr	Chemicals & Petrochemicals	1.06%
41	Corona Remedies Limited ₹33.97 Cr	Pharmaceuticals & Biotechnology	1.00%
42	LG Electronics India Ltd ₹33.77 Cr	Consumer Durables	0.99%
43	ICICI Prudential Asset Management Company Limited ₹33.77 Cr	Capital Markets	0.99%
44	SBI Funds Management Limited ₹30.79 Cr	Capital Markets	0.90%
45	Hindustan Aeronautics Limited ₹27.88 Cr	Aerospace & Defense	0.82%
46	Tenneco Clean Air India Limited ₹27.10 Cr	Auto Components	0.79%
47	ITC Limited ₹25.29 Cr	Diversified FMCG	0.74%
48	Medi Assist Healthcare Services Ltd ₹23.13 Cr	Insurance	0.68%
49	Shadowfax Technologies Ltd. ₹22.76 Cr	Transport Services	0.67%
50	CMS Info Systems Limited ₹22.38 Cr	Commercial Services & Supplies	0.66%
51	WESTERN CARRIERS (INDIA) LTD ₹8.99 Cr	Transport Services	0.26%