Kotak Mutual Fund · Direct Growth · SEBI Category: Flexi Cap
Kotak Flexicap Fund is managed by Harsha Upadhyaya, one of India's most experienced equity fund managers with over two decades in the industry. The fund follows a disciplined research-intensive investment approach that balances sector diversification with quality stock selection. Kotak Flexicap typically maintains a more balanced allocation across market caps — less concentrated in any single sector compared to peers.
The fund has the lowest beta among major flexi cap funds (below 0.95 to the Nifty 50), meaning it typically falls less than the market during corrections while still participating in rallies. This defensive characteristic makes it popular among investors who want equity exposure with relatively smoother NAV movement.
Harsha Upadhyaya is CIO — Equity at Kotak Mutual Fund and has been managing the Kotak Flexicap Fund for several years. He is known for a disciplined, research-driven approach to stock selection with a preference for quality businesses at reasonable valuations. His consistent investment philosophy has helped maintain the fund's character across different market cycles.
For current co-manager details and full biography, refer to the latest Kotak Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | ₹89.66 | ₹1.33 L Cr Jan–Mar 2026 | -0.2% | +15.5% p.a. | +15.6% p.a. | 1.08 |
| HDFC Flexi Cap Fund | ₹2,118.50 | ₹95.5K Cr Jan–Mar 2026 | -0.3% | +17.8% p.a. | +17.7% p.a. | 1.08 |
| Kotak Flexicap Fund ▲ | ₹93.90 | ₹54.7K Cr Jan–Mar 2026 | 0.0% | +14.4% p.a. | +12.7% p.a. | 0.64 |
| SBI Flexicap Fund | ₹117.48 | ₹21.8K Cr Jan–Mar 2026 | -0.3% | +10.0% p.a. | +10.0% p.a. | 0.35 |
| Axis Flexi Cap Fund | ₹28.89 | ₹12.5K Cr Jan–Mar 2026 | -0.6% | +13.3% p.a. | +10.4% p.a. | 0.55 |
Calculated from 2,565 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Kotak Flexicap Fund ranks against other Flexi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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