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 Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹3,489.80 Cr

Equity only, excl. debt & cash

AAUM

₹3,104.69 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

24.8%

Diversified

Top 10 Weight

39.7%

Diversified

Changes

1 new · 0 exits

Top Sector

Banks

16.6% 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 added 1 new stock to its portfolio this month. The biggest new buy was KFin Technologies Limited (Capital Markets) at 1.05% weight. Among existing holdings, Happy Forgings Limited saw the biggest increase — now at 2.01% of the portfolio. Aster DM Healthcare Limited was trimmed the most, now at 3.56%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.6%. ↓ 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

-3.62%

+0.50%

+14.62%

+1.65%

Latest NAV

₹17.85

16 Sep 2026

52W High

₹18.68

-4% from High

52W Low

₹14.15

+26% 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

19.8%

+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)

0.80

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.13

Penalises downside volatility only.

Std Deviation (3Y)

13.6%

Lower = more consistent returns.

NAV Chart ₹17.85 16 Sep 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: ₹17.85

Sector Shift Industry allocation month-over-month

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%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	16.7%	16.6%	▼ -0.2%
Retailing	9.8%	10.3%	▲ +0.5%
Healthcare Services	10.4%	9.9%	▼ -0.5%
Industrial Manufacturing	7.8%	8.2%	▲ +0.4%
Automobiles	5.8%	5.5%	▼ -0.4%
Capital Markets	4.1%	5.1%	▲ +1.0%
IT - Software	4.4%	4.4%	● -0.1%
Insurance	4.2%	3.8%	▼ -0.4%
Finance	3.8%	3.8%	● 0.0%
Power	3.5%	3.6%	● +0.1%

🟢

Biggest New Buy

KFin Technologies Limited

1.05% weight · Capital Markets

↑

Biggest Add

Happy Forgings Limited

+0.60% · now 2.01%

↓

Biggest Trim

Aster DM Healthcare Limited

-0.44% · now 3.56%

🤝 Other funds also bought this month

KFin Technologies Limited 26 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 1 New Entry ↑ 19 Increased ↓ 31 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	KFin Technologies Limited ₹36.70 Cr	Capital Markets	1.05%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Happy Forgings Limited ₹70.36 Cr	Industrial Products	1.41%	2.01%	+0.60%
2	Lenskart Solutions Limited ₹89.18 Cr	Retailing	2.23%	2.54%	+0.31%
3	Vijaya Diagnostic Centre Limited ₹112.02 Cr	Healthcare Services	2.91%	3.19%	+0.28%
4	Indo-MIM Limited ₹105.60 Cr	Industrial Manufacturing	2.74%	3.01%	+0.27%
5	Eternal Limited ₹141.64 Cr	Retailing	3.83%	4.04%	+0.21%
6	Acme Solar Holdings Ltd ₹89.63 Cr	Power	2.37%	2.55%	+0.18%
7	Brigade Enterprises Limited ₹54.62 Cr	Realty	1.42%	1.56%	+0.14%
8	Aditya Infotech Limited ₹181.56 Cr	Industrial Manufacturing	5.06%	5.17%	+0.11%
9	LG Electronics India Ltd ₹38.47 Cr	Consumer Durables	0.99%	1.10%	+0.11%
10	Axis Bank Limited ₹132.73 Cr	Banks	3.68%	3.78%	+0.10%
11	Shriram Finance Limited ₹95.53 Cr	Finance	2.64%	2.72%	+0.08%
12	Indian Bank ₹70.26 Cr	Banks	1.92%	2.00%	+0.08%
13	Kalpataru Projects International Limited ₹54.78 Cr	Construction	1.48%	1.56%	+0.08%
14	UNO Minda Limited ₹49.62 Cr	Auto Components	1.35%	1.41%	+0.06%
15	Sagility Limited ₹44.34 Cr	IT - Services	1.20%	1.26%	+0.06%
16	Shadowfax Technologies Ltd. ₹24.22 Cr	Transport Services	0.67%	0.69%	+0.02%
17	360 One WAM Limited ₹77.54 Cr	Capital Markets	2.20%	2.21%	+0.01%
18	Vishal Mega Mart Limited ₹69.30 Cr	Retailing	1.97%	1.98%	+0.01%
19	Mphasis Limited ₹56.05 Cr	IT - Software	1.59%	1.60%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Aster DM Healthcare Limited ₹124.90 Cr	Healthcare Services	4.00%	3.56%	-0.44%
2	Godrej Consumer Products Limited ₹58.79 Cr	Personal Products	2.05%	1.68%	-0.37%
3	Krishna Institute Of Medical Sciences Limited ₹111.69 Cr	Healthcare Services	3.49%	3.18%	-0.31%
4	HDFC Bank Limited ₹89.33 Cr	Banks	2.76%	2.55%	-0.21%
5	Bharti Hexacom Limited ₹97.65 Cr	Telecom - Services	2.98%	2.78%	-0.20%
6	Maruti Suzuki India Limited ₹80.87 Cr	Automobiles	2.49%	2.30%	-0.19%
7	SBI Life Insurance Company Limited ₹57.94 Cr	Insurance	1.84%	1.65%	-0.19%
8	Century Plyboards (India) Limited ₹64.64 Cr	Consumer Durables	2.00%	1.84%	-0.16%
9	Mahindra & Mahindra Limited ₹70.56 Cr	Automobiles	2.14%	2.01%	-0.13%
10	Vedanta Aluminium Metal Limited ₹63.10 Cr	Metals & Minerals Trading	1.93%	1.80%	-0.13%
11	ICICI Bank Limited ₹288.62 Cr	Banks	8.35%	8.23%	-0.12%
12	UltraTech Cement Limited ₹59.54 Cr	Cement & Cement Products	1.81%	1.70%	-0.11%
13	Jubilant Ingrevia Limited ₹33.22 Cr	Chemicals & Petrochemicals	1.06%	0.95%	-0.11%
14	ICICI Lombard General Insurance Company Limited ₹54.26 Cr	Insurance	1.65%	1.55%	-0.10%
15	NTPC Limited ₹36.06 Cr	Power	1.12%	1.03%	-0.09%
16	Aptus Value Housing Finance India Limited ₹36.67 Cr	Finance	1.13%	1.05%	-0.08%
17	ITC Limited ₹23.00 Cr	Diversified FMCG	0.74%	0.66%	-0.08%
18	Mankind Pharma Limited ₹48.71 Cr	Pharmaceuticals & Biotechnology	1.46%	1.39%	-0.07%
19	Reliance Industries Limited ₹45.33 Cr	Petroleum Products	1.36%	1.29%	-0.07%
20	Medi Assist Healthcare Services Ltd ₹21.27 Cr	Insurance	0.68%	0.61%	-0.07%
21	CMS Info Systems Limited ₹20.68 Cr	Commercial Services & Supplies	0.66%	0.59%	-0.07%
22	Avenue Supermarts Limited ₹59.91 Cr	Retailing	1.77%	1.71%	-0.06%
23	Hexaware Technologies Limited ₹42.43 Cr	IT - Software	1.26%	1.21%	-0.05%
24	Corona Remedies Limited ₹33.19 Cr	Pharmaceuticals & Biotechnology	1.00%	0.95%	-0.05%
25	Infosys Limited ₹54.18 Cr	IT - Software	1.58%	1.54%	-0.04%
26	ICICI Prudential Asset Management Company Limited ₹33.22 Cr	Capital Markets	0.99%	0.95%	-0.04%
27	SBI Funds Management Limited ₹30.18 Cr	Capital Markets	0.90%	0.86%	-0.04%
28	TVS Motor Company Limited ₹41.54 Cr	Automobiles	1.21%	1.18%	-0.03%
29	Tenneco Clean Air India Limited ₹26.67 Cr	Auto Components	0.79%	0.76%	-0.03%
30	WESTERN CARRIERS (INDIA) LTD ₹8.39 Cr	Transport Services	0.26%	0.24%	-0.02%
31	Oberoi Realty Limited ₹50.30 Cr	Realty	1.44%	1.43%	-0.01%

What Stocks Does This Fund Hold?

52 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹288.62 Cr	Banks	8.23%
2	Aditya Infotech Limited ₹181.56 Cr	Industrial Manufacturing	5.17%
3	Eternal Limited ₹141.64 Cr	Retailing	4.04%
4	Axis Bank Limited ₹132.73 Cr	Banks	3.78%
5	Aster DM Healthcare Limited ₹124.90 Cr	Healthcare Services	3.56%
6	Vijaya Diagnostic Centre Limited ₹112.02 Cr	Healthcare Services	3.19%
7	Krishna Institute Of Medical Sciences Limited ₹111.69 Cr	Healthcare Services	3.18%
8	Indo-MIM Limited ₹105.60 Cr	Industrial Manufacturing	3.01%
9	Bharti Hexacom Limited ₹97.65 Cr	Telecom - Services	2.78%
10	Shriram Finance Limited ₹95.53 Cr	Finance	2.72%
11	HDFC Bank Limited ₹89.33 Cr	Banks	2.55%
12	Acme Solar Holdings Ltd ₹89.63 Cr	Power	2.55%
13	Lenskart Solutions Limited ₹89.18 Cr	Retailing	2.54%
14	Maruti Suzuki India Limited ₹80.87 Cr	Automobiles	2.30%
15	360 One WAM Limited ₹77.54 Cr	Capital Markets	2.21%
16	Happy Forgings Limited ₹70.36 Cr	Industrial Products	2.01%
17	Mahindra & Mahindra Limited ₹70.56 Cr	Automobiles	2.01%
18	Indian Bank ₹70.26 Cr	Banks	2.00%
19	Vishal Mega Mart Limited ₹69.30 Cr	Retailing	1.98%
20	Century Plyboards (India) Limited ₹64.64 Cr	Consumer Durables	1.84%
21	Vedanta Aluminium Metal Limited ₹63.10 Cr	Metals & Minerals Trading	1.80%
22	Avenue Supermarts Limited ₹59.91 Cr	Retailing	1.71%
23	UltraTech Cement Limited ₹59.54 Cr	Cement & Cement Products	1.70%
24	Godrej Consumer Products Limited ₹58.79 Cr	Personal Products	1.68%
25	SBI Life Insurance Company Limited ₹57.94 Cr	Insurance	1.65%
26	Mphasis Limited ₹56.05 Cr	IT - Software	1.60%
27	Brigade Enterprises Limited ₹54.62 Cr	Realty	1.56%
28	Kalpataru Projects International Limited ₹54.78 Cr	Construction	1.56%
29	ICICI Lombard General Insurance Company Limited ₹54.26 Cr	Insurance	1.55%
30	Infosys Limited ₹54.18 Cr	IT - Software	1.54%
31	Oberoi Realty Limited ₹50.30 Cr	Realty	1.43%
32	UNO Minda Limited ₹49.62 Cr	Auto Components	1.41%
33	Mankind Pharma Limited ₹48.71 Cr	Pharmaceuticals & Biotechnology	1.39%
34	Reliance Industries Limited ₹45.33 Cr	Petroleum Products	1.29%
35	Sagility Limited ₹44.34 Cr	IT - Services	1.26%
36	Hexaware Technologies Limited ₹42.43 Cr	IT - Software	1.21%
37	TVS Motor Company Limited ₹41.54 Cr	Automobiles	1.18%
38	LG Electronics India Ltd ₹38.47 Cr	Consumer Durables	1.10%
39	Aptus Value Housing Finance India Limited ₹36.67 Cr	Finance	1.05%
40	KFin Technologies Limited ₹36.70 Cr	Capital Markets	1.05%
41	NTPC Limited ₹36.06 Cr	Power	1.03%
42	Corona Remedies Limited ₹33.19 Cr	Pharmaceuticals & Biotechnology	0.95%
43	ICICI Prudential Asset Management Company Limited ₹33.22 Cr	Capital Markets	0.95%
44	Jubilant Ingrevia Limited ₹33.22 Cr	Chemicals & Petrochemicals	0.95%
45	SBI Funds Management Limited ₹30.18 Cr	Capital Markets	0.86%
46	Hindustan Aeronautics Limited ₹28.81 Cr	Aerospace & Defense	0.82%
47	Tenneco Clean Air India Limited ₹26.67 Cr	Auto Components	0.76%
48	Shadowfax Technologies Ltd. ₹24.22 Cr	Transport Services	0.69%
49	ITC Limited ₹23.00 Cr	Diversified FMCG	0.66%
50	Medi Assist Healthcare Services Ltd ₹21.27 Cr	Insurance	0.61%
51	CMS Info Systems Limited ₹20.68 Cr	Commercial Services & Supplies	0.59%
52	WESTERN CARRIERS (INDIA) LTD ₹8.39 Cr	Transport Services	0.24%