Kotak Multicap Fund Direct Growth

Fund Overview

Fund Size

₹21,541 Cr

Expense Ratio

0.43%

ISIN

INF174KA1HV3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

29 Sep 2021

About this fund

Kotak Multicap Fund Direct Growth is a Multi-Cap mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 4 years, 1 months and 20 days, having been launched on 29-Sep-21.
As of 17-Nov-25, it has a Net Asset Value (NAV) of ₹21.42, Assets Under Management (AUM) of 21541.46 Crores, and an expense ratio of 0.43%.

Kotak Multicap Fund Direct Growth has given a CAGR return of 20.24% since inception.
The fund's asset allocation comprises around 98.98% in equities, 0.00% in debts, and 1.02% in cash & cash equivalents.
You can start investing in Kotak Multicap Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+11.13%

+7.50% (Cat Avg.)

3 Years

+25.30%

+19.16% (Cat Avg.)

Since Inception

+20.24%

— (Cat Avg.)

Portfolio Summaryas of 31st October 2025

Equity	₹21,322.17 Cr	98.98%
Others	₹219.29 Cr	1.02%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Maruti Suzuki India Ltd	Equity	₹1,294.37 Cr	6.01%
ITC Ltd	Equity	₹1,113.93 Cr	5.17%
Hero MotoCorp Ltd	Equity	₹929.39 Cr	4.31%
State Bank of India	Equity	₹843.3 Cr	3.91%
Shriram Finance Ltd	Equity	₹685.58 Cr	3.18%
Radico Khaitan Ltd	Equity	₹618 Cr	2.87%
Eternal Ltd	Equity	₹603.73 Cr	2.80%
Poonawalla Fincorp Ltd	Equity	₹565.74 Cr	2.63%
NTPC Ltd	Equity	₹512.5 Cr	2.38%
Mphasis Ltd	Equity	₹470.75 Cr	2.19%
Triparty Repo	Cash - Repurchase Agreement	₹464.06 Cr	2.15%
Indus Towers Ltd Ordinary Shares	Equity	₹456.73 Cr	2.12%
Hindustan Petroleum Corp Ltd	Equity	₹437.27 Cr	2.03%
Oracle Financial Services Software Ltd	Equity	₹429.14 Cr	1.99%
RBL Bank Ltd	Equity	₹428.07 Cr	1.99%
IndusInd Bank Ltd	Equity	₹427.82 Cr	1.99%
Bank of Baroda	Equity	₹420.38 Cr	1.95%
NLC India Ltd	Equity	₹394.73 Cr	1.83%
Power Finance Corp Ltd	Equity	₹393.25 Cr	1.83%
Swiggy Ltd	Equity	₹380.84 Cr	1.77%
FSN E-Commerce Ventures Ltd	Equity	₹379.58 Cr	1.76%
The South Indian Bank Ltd	Equity	₹375.78 Cr	1.74%
Bharti Airtel Ltd	Equity	₹375.6 Cr	1.74%
Infosys Ltd	Equity	₹347.04 Cr	1.61%
Kajaria Ceramics Ltd	Equity	₹340.88 Cr	1.58%
Engineers India Ltd	Equity	₹324.7 Cr	1.51%
Jammu & Kashmir Bank Ltd	Equity	₹311.6 Cr	1.45%
Life Insurance Corporation of India	Equity	₹307.77 Cr	1.43%
Shree Cement Ltd	Equity	₹287.9 Cr	1.34%
Tech Mahindra Ltd	Equity	₹285.12 Cr	1.32%
Kalpataru Projects International Ltd	Equity	₹283.98 Cr	1.32%
GAIL (India) Ltd	Equity	₹283.28 Cr	1.32%
Cash Offset For Derivatives	Cash - General Offset	₹-277.99 Cr	1.29%
Subros Ltd	Equity	₹264.14 Cr	1.23%
Ashok Leyland Ltd	Equity	₹252.42 Cr	1.17%
Canara Bank	Equity	₹251.81 Cr	1.17%
PNB Housing Finance Ltd	Equity	₹247.84 Cr	1.15%
Jyoti CNC Automation Ltd	Equity	₹243.06 Cr	1.13%
Acutaas Chemicals Ltd	Equity	₹236.03 Cr	1.10%
Tata Communications Ltd	Equity	₹235.32 Cr	1.09%
PVR INOX Ltd	Equity	₹233.44 Cr	1.08%
SRF Ltd	Equity	₹225.13 Cr	1.05%
Pokarna Ltd	Equity	₹217.56 Cr	1.01%
Ashoka Buildcon Ltd	Equity	₹211.32 Cr	0.98%
Dalmia Bharat Ltd	Equity	₹210.34 Cr	0.98%
Jubilant Pharmova Ltd	Equity	₹202.87 Cr	0.94%
LIC Housing Finance Ltd	Equity	₹199.83 Cr	0.93%
India Cements Ltd	Equity	₹199.77 Cr	0.93%
Jubilant Foodworks Ltd	Equity	₹194.15 Cr	0.90%
Container Corporation of India Ltd	Equity	₹190.84 Cr	0.89%
Yatharth Hospital and Trauma Care Services Ltd	Equity	₹187.35 Cr	0.87%
Piramal Finance Ltd	Equity	₹185.14 Cr	0.86%
Sun TV Network Ltd	Equity	₹182.96 Cr	0.85%
Bajaj Auto Ltd	Equity	₹177.85 Cr	0.83%
Reliance Industries Ltd	Equity	₹163.5 Cr	0.76%
PI Industries Ltd	Equity	₹153.83 Cr	0.71%
Innova Captab Ltd	Equity	₹148.68 Cr	0.69%
G R Infraprojects Ltd	Equity	₹145.37 Cr	0.67%
Wipro Ltd.-NOV2025	Equity - Future	₹142.46 Cr	0.66%
Navneet Education Ltd	Equity	₹124.73 Cr	0.58%
Indigo Paints Ltd Ordinary Shares	Equity	₹106.99 Cr	0.50%
FSN E-COMMERCE VENTURES LTD.-NOV2025	Equity - Future	₹104.3 Cr	0.48%
Heritage Foods Ltd	Equity	₹85.26 Cr	0.40%
Juniper Hotels Ltd	Equity	₹76.35 Cr	0.35%
Kotak Liquid Dir Gr	Mutual Fund - Open End	₹74.57 Cr	0.35%
Wipro Ltd	Equity	₹72.97 Cr	0.34%
ISGEC Heavy Engineering Ltd	Equity	₹55.62 Cr	0.26%
JNK India Ltd	Equity	₹44.68 Cr	0.21%
Net Current Assets/(Liabilities)	Cash	₹-41.34 Cr	0.19%
Ashok Leyland Ltd.-NOV2025	Equity - Future	₹31.23 Cr	0.14%
Orchid Pharma Ltd	Equity	₹8.3 Cr	0.04%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹5,643.92 Cr	26.20%
Consumer Cyclical	₹4,300.39 Cr	19.96%
Industrials	₹2,535.55 Cr	11.77%
Consumer Defensive	₹1,817.18 Cr	8.44%
Communication Services	₹1,608.78 Cr	7.47%
Technology	₹1,605.01 Cr	7.45%
Basic Materials	₹1,194.85 Cr	5.55%
Utilities	₹1,190.51 Cr	5.53%
Energy	₹600.78 Cr	2.79%
Healthcare	₹547.2 Cr	2.54%

Risk & Performance Ratios

Fund Managers

Abhishek Bisen

Since September 2021

Devender Singhal

Since September 2021

Additional Scheme Detailsas of 31st October 2025

ISIN

INF174KA1HV3

Expense Ratio

0.43%

Exit Load

1.00%

Fund Size

₹21,541 Cr

Age

4 years 1 month

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 Multicap 50:25:25 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Multi-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
TRUSTMF Multi Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹258.09 Cr	-
TRUSTMF Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹258.09 Cr	-
UTI Multi Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹1576.18 Cr	-
UTI Multi Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹1576.18 Cr	-
Bajaj Finserv Multi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1022.75 Cr	-
Bajaj Finserv Multi Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹1022.75 Cr	-
Groww Multicap Fund Direct Growth Very High Risk	0.5%	1.0%	₹234.79 Cr	-
Groww Multicap Fund Regular Growth Very High Risk	2.3%	1.0%	₹234.79 Cr	-
Edelweiss Nifty500 Multicap Momentum Quality 50 ETF Very High Risk	0.5%	-	₹31.94 Cr	-2.2%
Samco Multi Cap Fund Direct Growth Moderate Risk	0.8%	1.0%	₹344.63 Cr	-3.1%
Samco Multi Cap Fund Regular Growth Moderate Risk	2.4%	1.0%	₹344.63 Cr	-4.6%
PGIM India Multi Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹434.64 Cr	12.5%
PGIM India Multi Cap Fund Regular Growth Very High Risk	2.4%	0.0%	₹434.64 Cr	10.6%
Mirae Asset Nifty500 Multicap 50:25:25 ETF Very High Risk	0.1%	-	₹51.90 Cr	9.1%
Franklin India Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹5128.67 Cr	11.7%
Franklin India Multi Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹5128.67 Cr	10.1%
Motilal Oswal Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4603.13 Cr	18.4%
Motilal Oswal Multi Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4603.13 Cr	16.8%
DSP Multicap Fund Regular Growth Low Risk	1.9%	1.0%	₹2627.88 Cr	3.2%
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹2627.88 Cr	4.8%
Edelweiss Multi Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹3104.18 Cr	5.9%
Edelweiss Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3104.18 Cr	7.6%
Motilal Oswal Nifty 500 ETF Very High Risk	0.2%	-	₹179.12 Cr	10.0%
Bank of India Multi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹968.05 Cr	8.8%
WhiteOak Capital Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2638.72 Cr	15.2%
WhiteOak Capital Multi Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹2638.72 Cr	13.4%
Sundaram Multi Cap - Series II Regular Growth Low Risk	1.4%	-	₹88.44 Cr	7.4%
ICICI Prudential S&P BSE 500 ETF FOF Regular Growth Very High Risk	0.9%	1.0%	₹60.83 Cr	7.2%
Aditya Birla Sun Life Multi-Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹6748.15 Cr	7.2%
Aditya Birla Sun Life Multi-Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹6748.15 Cr	8.4%
ICICI Pru Multicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹16067.20 Cr	8.0%
Sundaram Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2927.98 Cr	10.8%
ITI Multi Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹1325.85 Cr	8.2%
ITI Multi Cap Fund Regular Growth Very High Risk	2.0%	0.0%	₹1325.85 Cr	6.5%
Nippon India Multi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹49313.70 Cr	8.5%
Invesco India Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹4228.18 Cr	4.1%
Nippon India ETF S&P BSE Sensex Next 50 Very High Risk	0.2%	-	₹84.34 Cr	11.6%
Bandhan Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2841.67 Cr	8.8%
Bandhan Multi Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹2841.67 Cr	7.3%
Kotak Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹21541.46 Cr	11.1%
Kotak Multicap Fund Regular Growth Very High Risk	1.6%	1.0%	₹21541.46 Cr	9.8%
Canara Robeco Multi Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹4902.07 Cr	9.0%
Canara Robeco Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4902.07 Cr	10.6%
Union Multicap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1335.77 Cr	8.4%
Union Multicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1335.77 Cr	9.7%
Bank of India Multi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹968.05 Cr	8.8%
Bank of India Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹968.05 Cr	10.1%
Baroda BNP Paribas Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3108.17 Cr	5.5%
ICICI Prudential S&P BSE 500 ETF FOF Direct Growth Very High Risk	0.4%	1.0%	₹60.83 Cr	7.7%
Quant Active Fund Direct Growth Very High Risk	0.6%	1.0%	₹9322.61 Cr	0.8%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹5,60,143 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Rural Opportunities Fund Direct Growth Very High Risk	-	0.0%	-	-
Kotak Gold Silver Passive FOF Direct Growth Very High Risk	-	0.0%	₹220.91 Cr	-
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹653.10 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.7%	0.0%	₹1393.74 Cr	-
Kotak Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹13.63 Cr	-
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹358.49 Cr	-
Kotak Nifty 200 Quality 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹13.43 Cr	-
Kotak Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹18.69 Cr	-
Kotak Energy Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹241.84 Cr	-
Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.1%	0.0%	₹11.87 Cr	-
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹464.95 Cr	-
Kotak Nifty Commodities Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹126.89 Cr	-
Kotak CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹88.35 Cr	-
Kotak BSE Sensex Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹14.37 Cr	-
Kotak Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹36.16 Cr	-
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹21.25 Cr	-
Kotak Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹22.79 Cr	-
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹540.47 Cr	-
Kotak MNC Fund Direct Growth Very High Risk	0.6%	0.0%	₹2211.33 Cr	9.6%
Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹283.83 Cr	3.5%
Kotak Nifty India Tourism Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹35.64 Cr	9.2%
Kotak Crisil-IBX AAA Financial Services Index - Sep 2027 Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹442.29 Cr	8.8%
Kotak Nifty Midcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹61.73 Cr	15.9%
Kotak BSE PSU Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹79.50 Cr	12.0%
Kotak Special Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹1857.79 Cr	5.4%
Kotak Nifty 100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹132.24 Cr	11.0%
Kotak Fixed Maturity Plan Series 330 - 98 Days Direct Growth Low Risk	-	0.0%	-	-
Kotak Nifty AAA Bond Jun 2025 HTM Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹102.05 Cr	7.5%
Kotak Fixed Maturity Plan Series 329 - 90 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹145.41 Cr	3.2%
Kotak Technology Fund Direct Growth Very High Risk	0.9%	0.0%	₹612.83 Cr	-4.4%
Kotak Fixed Maturity Plan Series 328 - 90 Days Direct Growth Moderate Risk	-	0.0%	₹144.91 Cr	-
Kotak FMP Series 327 Direct Growth Moderately High risk	-	0.0%	₹206.03 Cr	-
Kotak FMP Series 326 - 175 Days Direct Growth Moderate Risk	-	-	-	-
Kotak FMP Series 325 - 90 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak FMP Series 324 - 109 Days Direct Growth Moderately High risk	-	0.0%	-	-
Kotak Healthcare Fund Direct Growth Very High Risk	0.8%	0.0%	₹481.04 Cr	4.3%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1709.11 Cr	14.0%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹20.94 Cr	8.8%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.5%	1.0%	₹9429.18 Cr	18.6%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹17.64 Cr	4.0%
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 308 - 1125 Days Direct Growth Moderately High risk	-	0.0%	₹94.00 Cr	8.3%
Kotak Yearly Interval Plan Series 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 304 Direct Growth Moderate Risk	-	-	₹109.38 Cr	9.1%
Kotak Fixed Maturity Plan Series 262 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 291 - 1826 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 264 Direct Growth Low to Moderate Risk	-	0.0%	-	-

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Kotak Multicap Fund Direct Growth?

The NAV of Kotak Multicap Fund Direct Growth, as of 17-Nov-2025, is ₹21.42.

What are the returns of Kotak Multicap Fund Direct Growth?

The fund has generated 11.13% over the last 1 year and 25.30% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Kotak Multicap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.98% in equities, 0.00% in bonds, and 1.02% in cash and cash equivalents.

Who manages the Kotak Multicap Fund Direct Growth?

The fund managers responsible for Kotak Multicap Fund Direct Growth are:-

Abhishek Bisen
Devender Singhal

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹21,541 Cr

Expense Ratio

0.43%

ISIN

INF174KA1HV3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

29 Sep 2021

Risk Level

Your principal amount will be at Very High Risk