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 May 2026 Comparing Apr 2026 → May 2026

Share: WhatsApp X

Stocks Held

May 2026

Equity Holdings

₹2,997.88 Cr

Equity only, excl. debt & cash

Top 5 Weight

24.3%

Diversified

Top 10 Weight

38.9%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

16.9% of portfolio

📋 What Happened This Month Kotak Business Cycle made 1 new addition and exited 2 stocks this month. The biggest new buy was Lenskart Solutions Limited (Retailing) at 2.26% weight. Vedanta Limited was the biggest exit (Diversified Metals), which was held at 0.71%. Among existing holdings, Aditya Infotech Limited saw the biggest increase — now at 4.72% of the portfolio. Avenue Supermarts Limited was trimmed the most, now at 1.99%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.9%. ↓ 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

+3.81%

+14.63%

+2.40%

+5.58%

Latest NAV

₹17.76

24 Jun 2026

52W High

₹17.84

-0% from High

52W Low

₹14.02

+27% 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

20.9%

+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)

1.30

Penalises downside volatility only.

Std Deviation (3Y)

13.5%

Lower = more consistent returns.

NAV Chart ₹17.76 24 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: ₹17.76

Sector Shift Industry allocation month-over-month

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%

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%

🟢

Biggest New Buy

Lenskart Solutions Limited

2.26% weight · Retailing

🔴

Biggest Exit

Vedanta Limited

0.71% was held · Diversified Metals

↑

Biggest Add

Aditya Infotech Limited

+0.86% · now 4.72%

↓

Biggest Trim

Avenue Supermarts Limited

-0.31% · now 1.99%

🤝 Other funds also bought this month

Lenskart Solutions Limited 40 funds

👋 Other funds also exited

Vedanta Limited 24 funds

Bansal Wire Industries Limited 1 fund

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 1 New Entry 🔴 2 Exits ↑ 12 Increased ↓ 35 Decreased

#	Stock	Sector	Weight (May 2026)
1	Lenskart Solutions Limited ₹70.98 Cr	Retailing	2.26%

#	Stock	Sector	Last Weight (Apr 2026)
1	Vedanta Limited ₹21.72 Cr	Diversified Metals	0.71%
2	Bansal Wire Industries Limited ₹20.75 Cr	Industrial Products	0.68%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Aditya Infotech Limited ₹147.83 Cr	Industrial Manufacturing	3.86%	4.72%	+0.86%
2	Krishna Institute Of Medical Sciences Limited ₹112.19 Cr	Healthcare Services	3.22%	3.58%	+0.36%
3	Vijaya Diagnostic Centre Limited ₹96.53 Cr	Healthcare Services	2.72%	3.08%	+0.36%
4	Hexaware Technologies Limited ₹34.93 Cr	IT - Software	1.00%	1.11%	+0.11%
5	360 One WAM Limited ₹72.89 Cr	Capital Markets	2.23%	2.33%	+0.10%
6	Aster DM Healthcare Limited ₹121.60 Cr	Healthcare Services	3.82%	3.88%	+0.06%
7	ICICI Prudential Asset Management Company Limited ₹38.35 Cr	Capital Markets	1.16%	1.22%	+0.06%
8	Mankind Pharma Limited ₹47.83 Cr	Pharmaceuticals & Biotechnology	1.48%	1.53%	+0.05%
9	Kalpataru Projects International Limited ₹51.03 Cr	Construction	1.60%	1.63%	+0.03%
10	Medi Assist Healthcare Services Ltd ₹23.81 Cr	Insurance	0.73%	0.76%	+0.03%
11	CMS Info Systems Limited ₹26.62 Cr	Commercial Services & Supplies	0.83%	0.85%	+0.02%
12	Happy Forgings Limited ₹40.47 Cr	Industrial Products	1.28%	1.29%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Avenue Supermarts Limited ₹62.29 Cr	Retailing	2.30%	1.99%	-0.31%
2	Brigade Enterprises Limited ₹40.74 Cr	Realty	1.61%	1.30%	-0.31%
3	ICICI Bank Limited ₹249.40 Cr	Banks	8.18%	7.96%	-0.22%
4	HDFC Bank Limited ₹82.65 Cr	Banks	2.80%	2.64%	-0.16%
5	Reliance Industries Limited ₹46.90 Cr	Petroleum Products	1.66%	1.50%	-0.16%
6	Jubilant Ingrevia Limited ₹31.81 Cr	Chemicals & Petrochemicals	1.15%	1.01%	-0.14%
7	Godrej Consumer Products Limited ₹67.14 Cr	Personal Products	2.27%	2.14%	-0.13%
8	Bharti Hexacom Limited ₹94.49 Cr	Telecom - Services	3.13%	3.01%	-0.12%
9	Century Plyboards (India) Limited ₹66.01 Cr	Consumer Durables	2.22%	2.11%	-0.11%
10	ITC Limited ₹25.82 Cr	Diversified FMCG	0.92%	0.82%	-0.10%
11	Maruti Suzuki India Limited ₹78.36 Cr	Automobiles	2.59%	2.50%	-0.09%
12	Indian Bank ₹65.12 Cr	Banks	2.17%	2.08%	-0.09%
13	United Spirits Limited ₹43.79 Cr	Beverages	1.49%	1.40%	-0.09%
14	Mahindra & Mahindra Limited ₹65.48 Cr	Automobiles	2.17%	2.09%	-0.08%
15	LG Electronics India Ltd ₹34.53 Cr	Consumer Durables	1.18%	1.10%	-0.08%
16	UltraTech Cement Limited ₹59.71 Cr	Cement & Cement Products	1.97%	1.90%	-0.07%
17	Infosys Limited ₹55.48 Cr	IT - Software	1.84%	1.77%	-0.07%
18	NTPC Limited ₹42.61 Cr	Power	1.43%	1.36%	-0.07%
19	TVS Motor Company Limited ₹32.11 Cr	Automobiles	1.09%	1.02%	-0.07%
20	Tenneco Clean Air India Limited ₹29.64 Cr	Auto Components	1.02%	0.95%	-0.07%
21	Vishal Mega Mart Limited ₹76.27 Cr	Retailing	2.49%	2.43%	-0.06%
22	Mahindra Lifespace Developers Limited ₹35.57 Cr	Realty	1.19%	1.13%	-0.06%
23	Mphasis Limited ₹52.45 Cr	IT - Software	1.72%	1.67%	-0.05%
24	Sagility Limited ₹38.68 Cr	IT - Services	1.28%	1.23%	-0.05%
25	Axis Bank Limited ₹131.36 Cr	Banks	4.23%	4.19%	-0.04%
26	SBI Life Insurance Company Limited ₹60.93 Cr	Insurance	1.98%	1.94%	-0.04%
27	UNO Minda Limited ₹42.84 Cr	Auto Components	1.41%	1.37%	-0.04%
28	Eternal Limited ₹100.66 Cr	Retailing	3.24%	3.21%	-0.03%
29	Shriram Finance Limited ₹81.52 Cr	Finance	2.63%	2.60%	-0.03%
30	Aptus Value Housing Finance India Limited ₹38.36 Cr	Finance	1.25%	1.22%	-0.03%
31	Hindustan Aeronautics Limited ₹25.82 Cr	Aerospace & Defense	0.85%	0.82%	-0.03%
32	Brainbees Solutions Ltd ₹12.85 Cr	Retailing	0.44%	0.41%	-0.03%
33	WESTERN CARRIERS (INDIA) LTD ₹9.68 Cr	Transport Services	0.33%	0.31%	-0.02%
34	ICICI Lombard General Insurance Company Limited ₹62.06 Cr	Insurance	1.99%	1.98%	-0.01%
35	Tech Mahindra Limited ₹23.74 Cr	IT - Software	0.77%	0.76%	-0.01%

What Stocks Does This Fund Hold?

49 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹249.40 Cr	Banks	7.96%
2	Aditya Infotech Limited ₹147.83 Cr	Industrial Manufacturing	4.72%
3	Axis Bank Limited ₹131.36 Cr	Banks	4.19%
4	Aster DM Healthcare Limited ₹121.60 Cr	Healthcare Services	3.88%
5	Krishna Institute Of Medical Sciences Limited ₹112.19 Cr	Healthcare Services	3.58%
6	Eternal Limited ₹100.66 Cr	Retailing	3.21%
7	Vijaya Diagnostic Centre Limited ₹96.53 Cr	Healthcare Services	3.08%
8	Bharti Hexacom Limited ₹94.49 Cr	Telecom - Services	3.01%
9	HDFC Bank Limited ₹82.65 Cr	Banks	2.64%
10	Shriram Finance Limited ₹81.52 Cr	Finance	2.60%
11	Maruti Suzuki India Limited ₹78.36 Cr	Automobiles	2.50%
12	Vishal Mega Mart Limited ₹76.27 Cr	Retailing	2.43%
13	360 One WAM Limited ₹72.89 Cr	Capital Markets	2.33%
14	Lenskart Solutions Limited ₹70.98 Cr	Retailing	2.26%
15	Godrej Consumer Products Limited ₹67.14 Cr	Personal Products	2.14%
16	Century Plyboards (India) Limited ₹66.01 Cr	Consumer Durables	2.11%
17	Mahindra & Mahindra Limited ₹65.48 Cr	Automobiles	2.09%
18	Indian Bank ₹65.12 Cr	Banks	2.08%
19	Avenue Supermarts Limited ₹62.29 Cr	Retailing	1.99%
20	ICICI Lombard General Insurance Company Limited ₹62.06 Cr	Insurance	1.98%
21	SBI Life Insurance Company Limited ₹60.93 Cr	Insurance	1.94%
22	UltraTech Cement Limited ₹59.71 Cr	Cement & Cement Products	1.90%
23	Infosys Limited ₹55.48 Cr	IT - Software	1.77%
24	Mphasis Limited ₹52.45 Cr	IT - Software	1.67%
25	Kalpataru Projects International Limited ₹51.03 Cr	Construction	1.63%
26	Mankind Pharma Limited ₹47.83 Cr	Pharmaceuticals & Biotechnology	1.53%
27	Reliance Industries Limited ₹46.90 Cr	Petroleum Products	1.50%
28	Oberoi Realty Limited ₹45.97 Cr	Realty	1.47%
29	United Spirits Limited ₹43.79 Cr	Beverages	1.40%
30	UNO Minda Limited ₹42.84 Cr	Auto Components	1.37%
31	NTPC Limited ₹42.61 Cr	Power	1.36%
32	Brigade Enterprises Limited ₹40.74 Cr	Realty	1.30%
33	Happy Forgings Limited ₹40.47 Cr	Industrial Products	1.29%
34	Sagility Limited ₹38.68 Cr	IT - Services	1.23%
35	Aptus Value Housing Finance India Limited ₹38.36 Cr	Finance	1.22%
36	ICICI Prudential Asset Management Company Limited ₹38.35 Cr	Capital Markets	1.22%
37	Mahindra Lifespace Developers Limited ₹35.57 Cr	Realty	1.13%
38	Hexaware Technologies Limited ₹34.93 Cr	IT - Software	1.11%
39	LG Electronics India Ltd ₹34.53 Cr	Consumer Durables	1.10%
40	TVS Motor Company Limited ₹32.11 Cr	Automobiles	1.02%
41	Jubilant Ingrevia Limited ₹31.81 Cr	Chemicals & Petrochemicals	1.01%
42	Tenneco Clean Air India Limited ₹29.64 Cr	Auto Components	0.95%
43	CMS Info Systems Limited ₹26.62 Cr	Commercial Services & Supplies	0.85%
44	Hindustan Aeronautics Limited ₹25.82 Cr	Aerospace & Defense	0.82%
45	ITC Limited ₹25.82 Cr	Diversified FMCG	0.82%
46	Medi Assist Healthcare Services Ltd ₹23.81 Cr	Insurance	0.76%
47	Tech Mahindra Limited ₹23.74 Cr	IT - Software	0.76%
48	Brainbees Solutions Ltd ₹12.85 Cr	Retailing	0.41%
49	WESTERN CARRIERS (INDIA) LTD ₹9.68 Cr	Transport Services	0.31%