Kotak Mutual Fund · Direct Growth · SEBI Category: Multi Cap
Kotak Multicap Fund was launched in September 2021 following SEBI's revised multi cap regulations that required genuine 25-25-25 allocation. While it is a relatively newer fund, it is managed by the experienced Harsha Upadhyaya — who also manages Kotak Flexicap — bringing his disciplined multi-sector stock selection approach to the multi cap mandate.
The fund leverages Kotak AMC's established research platform and Upadhyaya's experience of managing large equity assets across market cycles. With an AUM of over Rs.20,000 crore, it has attracted significant investor interest despite its shorter history. The fund maintains strict compliance with SEBI's 25-25-25 allocation requirement.
Harsha Upadhyaya is CIO — Equity at Kotak Mutual Fund and leads the equity component of Kotak Multicap Fund. Arjun Khanna co-manages the scheme and handles specific portfolio sleeves. Upadhyaya's disciplined, research-driven approach to stock selection is applied consistently across the mandatory large, mid and small cap allocations in this multi cap mandate.
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) |
|---|---|---|---|---|---|---|
| Nippon India Multi Cap Fund | ₹324.01 | ₹48.4K Cr Jan–Mar 2026 | -0.1% | +18.3% p.a. | +20.1% p.a. | 0.99 |
| ICICI Prudential Multicap Fund | ₹934.21 | ₹15.7K Cr Jan–Mar 2026 | +6.5% | +19.8% p.a. | +17.2% p.a. | 1.15 |
| Kotak Multicap Fund ▲ | ₹20.70 | ₹23.1K Cr Jan–Mar 2026 | +6.1% | +21.7% p.a. | — | 1.10 |
| Mahindra Manulife Multi Cap Fund | ₹43.06 | ₹6.0K Cr Jan–Mar 2026 | +8.3% | +20.4% p.a. | +18.0% p.a. | 1.00 |
| Franklin India Multi Cap Fund | ₹10.50 | ₹4.8K Cr Jan–Mar 2026 | +4.7% | — | — | — |
Calculated from 1,146 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 Multicap Fund ranks against other Multi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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