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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹3,280.44 Cr

Equity only, excl. debt & cash

Top 5 Weight

25.7%

Moderate

Top 10 Weight

40.8%

Moderate

Changes

3 new · 1 exits

Top Sector

Banks

17.4% of portfolio

📋 What Happened This Month Kotak Business Cycle made 3 new additions and exited 1 stock this month. The biggest new buy was Acme Solar Holdings Ltd (Power) at 2.57% weight. Tech Mahindra Limited was the biggest exit (IT - Software), which was held at 0.76%. Among existing holdings, Aditya Infotech Limited saw the biggest increase — now at 5.62% of the portfolio. Infosys Limited was trimmed the most, now at 1.45%. 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.

How Has the NAV Performed?

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

+3.78%

+7.54%

+6.50%

+6.37%

Latest NAV

₹18.11

14 Jul 2026

52W High

₹18.25

-1% from High

52W Low

₹14.02

+29% 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

20.5%

+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)

0.91

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.27

Penalises downside volatility only.

Std Deviation (3Y)

13.6%

Lower = more consistent returns.

NAV Chart ₹18.11 14 Jul 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: ₹18.11

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	17.4%	16.9%	▼ -0.5%
Healthcare Services	9.8%	10.5%	▲ +0.8%
Retailing	8.5%	10.3%	▲ +1.8%
Automobiles	5.9%	5.6%	▼ -0.2%
IT - Software	5.3%	5.3%	● 0.0%
Industrial Manufacturing	3.9%	4.7%	▲ +0.9%
Insurance	4.7%	4.7%	● 0.0%
Realty	4.3%	3.9%	▼ -0.4%
Finance	3.9%	3.8%	● -0.1%
Capital Markets	3.4%	3.6%	▲ +0.2%

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%

🟢

Biggest New Buy

Acme Solar Holdings Ltd

2.57% weight · Power

🔴

Biggest Exit

Tech Mahindra Limited

0.76% was held · IT - Software

↑

Biggest Add

Aditya Infotech Limited

+0.90% · now 5.62%

↓

Biggest Trim

Infosys Limited

-0.32% · now 1.45%

🤝 Other funds also bought this month

Vedanta Aluminium Metal Limited 43 funds

Acme Solar Holdings Ltd 27 funds

Corona Remedies Limited 7 funds

👋 Other funds also exited

Tech Mahindra Limited 26 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries 🔴 1 Exit ↑ 14 Increased ↓ 34 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Acme Solar Holdings Ltd ₹84.86 Cr	Power	2.57%
2	Vedanta Aluminium Metal Limited ₹65.03 Cr	Metals & Minerals Trading	1.97%
3	Corona Remedies Limited ₹31.84 Cr	Pharmaceuticals & Biotechnology	0.96%

#	Stock	Sector	Last Weight (May 2026)
1	Tech Mahindra Limited ₹23.74 Cr	IT - Software	0.76%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Aditya Infotech Limited ₹185.68 Cr	Industrial Manufacturing	4.72%	5.62%	+0.90%
2	HDFC Bank Limited ₹100.54 Cr	Banks	2.64%	3.04%	+0.40%
3	ICICI Bank Limited ₹272.98 Cr	Banks	7.96%	8.27%	+0.31%
4	Eternal Limited ₹114.23 Cr	Retailing	3.21%	3.46%	+0.25%
5	Shriram Finance Limited ₹89.69 Cr	Finance	2.60%	2.72%	+0.12%
6	Aster DM Healthcare Limited ₹130.97 Cr	Healthcare Services	3.88%	3.97%	+0.09%
7	Krishna Institute Of Medical Sciences Limited ₹120.43 Cr	Healthcare Services	3.58%	3.65%	+0.07%
8	Happy Forgings Limited ₹44.86 Cr	Industrial Products	1.29%	1.36%	+0.07%
9	Mahindra Lifespace Developers Limited ₹39.18 Cr	Realty	1.13%	1.19%	+0.06%
10	Maruti Suzuki India Limited ₹84.26 Cr	Automobiles	2.50%	2.55%	+0.05%
11	Avenue Supermarts Limited ₹67.30 Cr	Retailing	1.99%	2.04%	+0.05%
12	Mankind Pharma Limited ₹51.26 Cr	Pharmaceuticals & Biotechnology	1.53%	1.55%	+0.02%
13	Aptus Value Housing Finance India Limited ₹41.09 Cr	Finance	1.22%	1.24%	+0.02%
14	United Spirits Limited ₹46.56 Cr	Beverages	1.40%	1.41%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Infosys Limited ₹47.81 Cr	IT - Software	1.77%	1.45%	-0.32%
2	Vishal Mega Mart Limited ₹73.88 Cr	Retailing	2.43%	2.24%	-0.19%
3	360 One WAM Limited ₹70.91 Cr	Capital Markets	2.33%	2.15%	-0.18%
4	Bharti Hexacom Limited ₹93.70 Cr	Telecom - Services	3.01%	2.84%	-0.17%
5	Century Plyboards (India) Limited ₹63.93 Cr	Consumer Durables	2.11%	1.94%	-0.17%
6	NTPC Limited ₹39.28 Cr	Power	1.36%	1.19%	-0.17%
7	SBI Life Insurance Company Limited ₹58.78 Cr	Insurance	1.94%	1.78%	-0.16%
8	Mphasis Limited ₹49.91 Cr	IT - Software	1.67%	1.51%	-0.16%
9	Lenskart Solutions Limited ₹69.77 Cr	Retailing	2.26%	2.11%	-0.15%
10	Godrej Consumer Products Limited ₹65.88 Cr	Personal Products	2.14%	1.99%	-0.15%
11	Indian Bank ₹63.84 Cr	Banks	2.08%	1.93%	-0.15%
12	ICICI Lombard General Insurance Company Limited ₹60.32 Cr	Insurance	1.98%	1.83%	-0.15%
13	UltraTech Cement Limited ₹58.52 Cr	Cement & Cement Products	1.90%	1.77%	-0.13%
14	ICICI Prudential Asset Management Company Limited ₹35.98 Cr	Capital Markets	1.22%	1.09%	-0.13%
15	CMS Info Systems Limited ₹23.82 Cr	Commercial Services & Supplies	0.85%	0.72%	-0.13%
16	Reliance Industries Limited ₹45.93 Cr	Petroleum Products	1.50%	1.39%	-0.11%
17	Sagility Limited ₹37.13 Cr	IT - Services	1.23%	1.12%	-0.11%
18	Jubilant Ingrevia Limited ₹29.94 Cr	Chemicals & Petrochemicals	1.01%	0.91%	-0.10%
19	Mahindra & Mahindra Limited ₹65.98 Cr	Automobiles	2.09%	2.00%	-0.09%
20	UNO Minda Limited ₹42.30 Cr	Auto Components	1.37%	1.28%	-0.09%
21	Vijaya Diagnostic Centre Limited ₹99.79 Cr	Healthcare Services	3.08%	3.02%	-0.06%
22	Tenneco Clean Air India Limited ₹29.84 Cr	Auto Components	0.95%	0.90%	-0.05%
23	Brigade Enterprises Limited ₹41.69 Cr	Realty	1.30%	1.26%	-0.04%
24	Hexaware Technologies Limited ₹35.41 Cr	IT - Software	1.11%	1.07%	-0.04%
25	LG Electronics India Ltd ₹35.16 Cr	Consumer Durables	1.10%	1.06%	-0.04%
26	ITC Limited ₹25.83 Cr	Diversified FMCG	0.82%	0.78%	-0.04%
27	Medi Assist Healthcare Services Ltd ₹23.62 Cr	Insurance	0.76%	0.72%	-0.04%
28	Axis Bank Limited ₹137.39 Cr	Banks	4.19%	4.16%	-0.03%
29	Oberoi Realty Limited ₹47.64 Cr	Realty	1.47%	1.44%	-0.03%
30	TVS Motor Company Limited ₹33.12 Cr	Automobiles	1.02%	1.00%	-0.02%
31	Hindustan Aeronautics Limited ₹26.29 Cr	Aerospace & Defense	0.82%	0.80%	-0.02%
32	Brainbees Solutions Ltd ₹12.73 Cr	Retailing	0.41%	0.39%	-0.02%
33	Kalpataru Projects International Limited ₹53.58 Cr	Construction	1.63%	1.62%	-0.01%
34	WESTERN CARRIERS (INDIA) LTD ₹10.02 Cr	Transport Services	0.31%	0.30%	-0.01%

What Stocks Does This Fund Hold?

51 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹272.98 Cr	Banks	8.27%
2	Aditya Infotech Limited ₹185.68 Cr	Industrial Manufacturing	5.62%
3	Axis Bank Limited ₹137.39 Cr	Banks	4.16%
4	Aster DM Healthcare Limited ₹130.97 Cr	Healthcare Services	3.97%
5	Krishna Institute Of Medical Sciences Limited ₹120.43 Cr	Healthcare Services	3.65%
6	Eternal Limited ₹114.23 Cr	Retailing	3.46%
7	HDFC Bank Limited ₹100.54 Cr	Banks	3.04%
8	Vijaya Diagnostic Centre Limited ₹99.79 Cr	Healthcare Services	3.02%
9	Bharti Hexacom Limited ₹93.70 Cr	Telecom - Services	2.84%
10	Shriram Finance Limited ₹89.69 Cr	Finance	2.72%
11	Acme Solar Holdings Ltd ₹84.86 Cr	Power	2.57%
12	Maruti Suzuki India Limited ₹84.26 Cr	Automobiles	2.55%
13	Vishal Mega Mart Limited ₹73.88 Cr	Retailing	2.24%
14	360 One WAM Limited ₹70.91 Cr	Capital Markets	2.15%
15	Lenskart Solutions Limited ₹69.77 Cr	Retailing	2.11%
16	Avenue Supermarts Limited ₹67.30 Cr	Retailing	2.04%
17	Mahindra & Mahindra Limited ₹65.98 Cr	Automobiles	2.00%
18	Godrej Consumer Products Limited ₹65.88 Cr	Personal Products	1.99%
19	Vedanta Aluminium Metal Limited ₹65.03 Cr	Metals & Minerals Trading	1.97%
20	Century Plyboards (India) Limited ₹63.93 Cr	Consumer Durables	1.94%
21	Indian Bank ₹63.84 Cr	Banks	1.93%
22	ICICI Lombard General Insurance Company Limited ₹60.32 Cr	Insurance	1.83%
23	SBI Life Insurance Company Limited ₹58.78 Cr	Insurance	1.78%
24	UltraTech Cement Limited ₹58.52 Cr	Cement & Cement Products	1.77%
25	Kalpataru Projects International Limited ₹53.58 Cr	Construction	1.62%
26	Mankind Pharma Limited ₹51.26 Cr	Pharmaceuticals & Biotechnology	1.55%
27	Mphasis Limited ₹49.91 Cr	IT - Software	1.51%
28	Infosys Limited ₹47.81 Cr	IT - Software	1.45%
29	Oberoi Realty Limited ₹47.64 Cr	Realty	1.44%
30	United Spirits Limited ₹46.56 Cr	Beverages	1.41%
31	Reliance Industries Limited ₹45.93 Cr	Petroleum Products	1.39%
32	Happy Forgings Limited ₹44.86 Cr	Industrial Products	1.36%
33	UNO Minda Limited ₹42.30 Cr	Auto Components	1.28%
34	Brigade Enterprises Limited ₹41.69 Cr	Realty	1.26%
35	Aptus Value Housing Finance India Limited ₹41.09 Cr	Finance	1.24%
36	NTPC Limited ₹39.28 Cr	Power	1.19%
37	Mahindra Lifespace Developers Limited ₹39.18 Cr	Realty	1.19%
38	Sagility Limited ₹37.13 Cr	IT - Services	1.12%
39	ICICI Prudential Asset Management Company Limited ₹35.98 Cr	Capital Markets	1.09%
40	Hexaware Technologies Limited ₹35.41 Cr	IT - Software	1.07%
41	LG Electronics India Ltd ₹35.16 Cr	Consumer Durables	1.06%
42	TVS Motor Company Limited ₹33.12 Cr	Automobiles	1.00%
43	Corona Remedies Limited ₹31.84 Cr	Pharmaceuticals & Biotechnology	0.96%
44	Jubilant Ingrevia Limited ₹29.94 Cr	Chemicals & Petrochemicals	0.91%
45	Tenneco Clean Air India Limited ₹29.84 Cr	Auto Components	0.90%
46	Hindustan Aeronautics Limited ₹26.29 Cr	Aerospace & Defense	0.80%
47	ITC Limited ₹25.83 Cr	Diversified FMCG	0.78%
48	CMS Info Systems Limited ₹23.82 Cr	Commercial Services & Supplies	0.72%
49	Medi Assist Healthcare Services Ltd ₹23.62 Cr	Insurance	0.72%
50	Brainbees Solutions Ltd ₹12.73 Cr	Retailing	0.39%
51	WESTERN CARRIERS (INDIA) LTD ₹10.02 Cr	Transport Services	0.30%