Kotak MNC Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Kotak MNC Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹2,246 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 9.3% and its Regular plan returned 7.8%. Its benchmark, Nifty MNC TRI, returned −5.0% over the same year.

NAV (Direct plan): ₹11.89; ▼ 1.06%30-10-2026
NAV (Regular plan): ₹11.56; ▼ 1.07%30-10-2026
Expense ratio: 0.90%Direct2.29%Regular; 0.90%; A year
Riskometer: Very High; Set by the fund house
1 year return: 9.3%Direct7.8%Regular; 9.3%; Total

Kotak MNC Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.89 (down 1.06% that day); Regular Plan Growth ₹11.56 (down 1.07% that day).

This fund (Direct plan)

₹11.894

Kotak MNC Fund Returns vs Nifty MNC TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−5.79%	−4.76%	+0.71%	+9.29%	--	--	--
This fund (Regular)	−5.89%	−5.09%	+0.02%	+7.78%	--	--	--
Nifty MNC TRI	−6.23%	−13.12%	−10.13%	−4.98%	+10.78%	+9.64%	+12.13%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	221/235	95/232	97/232	33/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Kotak MNC Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty MNC TRI
2026to date	+8.73%	+7.48%	−5.92%
2025	+8.05%	+6.50%	+10.75%

Kotak MNC Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 245 periods, one for each trading day from 31-10-2025 to 30-10-2026.

−10%0%10%20%30%

Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026

Kotak MNC Fund (Direct)Nifty MNC TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	245	20.7%	2.4%	30.0%	0%	13.3%	77%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty MNC TRI over the same days. Past returns do not promise future returns.

Kotak MNC Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Kotak MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	+9.29%	−4.98%
Standard deviation	16.05%	15.40%
Sharpe ratio	0.25	-0.66
Sortino ratio	0.34	-0.87
Maximum drawdown	−12.3% (23-10-2026)	−17.9% (23-10-2026)
Beta	0.96	1.00
Alpha	+13.89%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Kotak MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	+8.97%	−0.06%
Standard deviation	14.20%	14.34%
Sharpe ratio	0.23	-0.40
Sortino ratio	0.32	-0.53
Maximum drawdown	−16.5% (07-04-2025)	−17.9% (23-10-2026)
Beta	0.91	1.00
Alpha	+8.50%	0.00%

From daily NAVs, 31-10-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−20%−15%−10%−5%0%

20252026

Kotak MNC Fund (Direct)Nifty MNC TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak MNC Fund (Direct)	−16.5%	05-12-2024	07-04-2025	16-07-2025	3 months	−9.1%
Nifty MNC TRI	−17.9%	10-08-2026	23-10-2026	Not yet	--	−16.0%

From the Direct plan's daily NAV since 31-10-2024, adjusted for unit splits, and Nifty MNC TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak MNC Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Kotak MNC Fund	33/215	2,246	0.90%	+9.29%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Kotak MNC Fund Expense Ratio and Costs

What each plan charges a year, in force from 08-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.57%	0.06%	0.01%	0.27%	0.90%	1.18%	32/235
Regular	1.74%	0.06%	0.01%	0.48%	2.29%	2.41%	89/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	7.78%	9.29%	1.51%	₹1,07,780	₹1,09,290

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Kotak MNC Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 31-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak MNC Fund (Direct)	₹2,50,000	₹2,80,415	₹30,415	11.1%
Regular planKotak MNC Fund (Regular)	₹2,50,000	₹2,76,005	₹26,005	9.5%
Nifty MNC TRI	₹2,50,000	₹2,44,930	−₹5,070	−1.9%
Category averageCategory average, 235 Thematic funds	₹2,50,000	₹2,57,148	₹7,148	2.6%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Direct planKotak MNC Fund (Direct)Regular planKotak MNC Fund (Regular)Nifty MNC TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Kotak MNC Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

99.6%Equity

Asset	Fund	Category
Equity	99.6%	94.5%
Cash and others	0.4%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	33.5%	45.7%
Mid Cap	22.2%	19.6%
Small Cap	37.9%	24.1%
Not on AMFI's list	6.0%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Kotak MNC Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Pharmaceuticals and Biotechnology18.1%
Electrical Equipment16.0%
Auto Components11.2%
Food Products6.4%
Automobiles5.9%
Aerospace and Defense4.8%
Industrial Manufacturing4.7%
Capital Markets4.4%
Industrial Products3.7%
Diversified FMCG3.4%

The ten largest of 22 sectors. The other 12 add up to 21.1%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals and Biotechnology	18.1%	17.9%	18.1%	0.0%
Electrical Equipment	13.1%	15.5%	16.0%	+2.9%
Auto Components	10.7%	12.8%	11.2%	+0.5%
Food Products	7.7%	7.3%	6.4%	−1.3%
Automobiles	7.0%	5.0%	5.9%	−1.1%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Kotak MNC Fund Portfolio Holdings

As on 30-09-2026 · 45 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
MTAR TECHNOLOGIES LIMITED	Electrical Equipment	4.86%	0.0%
INDO-MIM LTD	Industrial Manufacturing	4.70%	+1.6%
Ami Organics Ltd	Pharmaceuticals and Biotechnology	4.38%	0.0%
AZAD ENGINEERING LTD	Electrical Equipment	4.35%	0.0%
GE VERNOVA T&D INDIA LIMITED	Electrical Equipment	3.37%	0.0%
Hindustan Unilever Ltd.	Diversified FMCG	3.35%	−20.0%
Oracle Financial Services Software Ltd	IT - Software	3.31%	0.0%
Britannia Industries Ltd.	Food Products	3.23%	−9.1%
SUN PHARMACEUTICAL INDUSTRIES LTD.	Pharmaceuticals and Biotechnology	3.23%	0.0%
Nestle India Ltd.	Food Products	3.21%	0.0%
Maruti Suzuki India Limited	Automobiles	3.20%	−29.4%
SAMVARDHANA MOTHERSON INTERNATIONAL LTD	Auto Components	3.05%	0.0%
Divis Laboratories Ltd.	Pharmaceuticals and Biotechnology	2.98%	0.0%
Marksans Pharma Ltd	Pharmaceuticals and Biotechnology	2.87%	0.0%
Ashok Leyland Ltd.	Agricultural, Commercial and Construction vehicles	2.75%	0.0%
HYUNDAI MOTORS INDIA LTD	Automobiles	2.71%	New
AXISCADES TECHNOLOGIES LTD	Aerospace and Defense	2.48%	New
United Spirits Ltd	Beverages	2.47%	0.0%
Nippon Life Asset Management Ltd	Capital Markets	2.29%	0.0%
ROSSELL TECHSYS LTD.	Aerospace and Defense	2.28%	0.0%
Cummins India Ltd.	Industrial Products	2.12%	0.0%
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD	Auto Components	2.04%	0.0%
Schaeffler India Ltd	Auto Components	2.03%	0.0%
TENNECO CLEAN AIR INDIA LIMITED	Auto Components	1.89%	0.0%
Siemens Ltd.	Electrical Equipment	1.88%	0.0%
Aditya Birla Sun Life AMC Ltd	Capital Markets	1.77%	0.0%
VEDANTA LTD.	Diversified Metals	1.73%	0.0%
Grindwell Norton Ltd.	Industrial Products	1.62%	0.0%
ABB India Ltd.	Electrical Equipment	1.55%	0.0%
Fortis Healthcare India Ltd	Healthcare Services	1.51%	0.0%
GARWARE TECHNICAL FIBRES LTD.	Textiles and Apparels	1.37%	0.0%
ASTER DM HEALTHCARE LTD	Healthcare Services	1.33%	0.0%
VIYASH SCIENTIFIC LTD	Pharmaceuticals and Biotechnology	1.30%	0.0%
TATA TECHNOLOGIES LTD	IT - Services	1.26%	0.0%
Hindalco Industries Ltd.	Non - Ferrous Metals	1.26%	0.0%
APTUS VALUE HOUSING FINANCE	Finance	1.24%	0.0%
ANTHEM BIOSCIENCES LTD	Pharmaceuticals and Biotechnology	1.19%	0.0%
Igarashi Motors Ltd	Auto Components	1.17%	0.0%
ORCHID PHARMA LIMITED	Pharmaceuticals and Biotechnology	1.15%	0.0%
P I Industries Ltd	Fertilizers and Agrochemicals	1.03%	0.0%
HERO MOTORS LIMITED	Auto Components	0.97%	New
SAI LIFE SCIENCES LIMITED	Pharmaceuticals and Biotechnology	0.95%	0.0%
MIDWEST LTD	Consumer Durables	0.94%	0.0%
INDUSIND BANK LTD.	Banks	0.88%	0.0%
SBI FUNDS MANAGEMENT LIMITED	Capital Markets	0.30%	0.0%

Kotak MNC Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Maruti Suzuki India Limited	Reduced	−29.4%	3.20%
INDO-MIM LTD	Added	+1.6%	4.70%
Hindustan Unilever Ltd.	Reduced	−20.0%	3.35%
Britannia Industries Ltd.	Reduced	−9.1%	3.23%
HYUNDAI MOTORS INDIA LTD	New	New	2.71%
AXISCADES TECHNOLOGIES LTD	New	New	2.48%
Bosch Limited	Sold out	−100%	was 2.38%
HERO MOTORS LIMITED	New	New	0.97%
Ksb Ltd.	Sold out	−100%	was 0.08%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Kotak MNC Fund bought and sold

Kotak MNC Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
HDFC MNC FundThematic · HDFC	38.7%	18	Compare
SBI MNC FundThematic · SBI	35.4%	20	Compare
Aditya Birla Sun Life MNC FundThematic · Aditya Birla Sun Life	35.2%	19	Compare
Motilal Oswal Nifty MNC ETFETF · Motilal Oswal	33.8%	14	Compare
Kotak Nifty MNC ETFETF · Kotak Mahindra	33.8%	14	Compare
Nippon India MNC FundThematic · Nippon India	31.1%	13	Compare
ICICI Prudential MNC FundThematic · ICICI Prudential	29.5%	13	Compare
Kotak Manufacture In India FundThematic · Kotak Mahindra	25.6%	15	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Kotak MNC Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.90%
Expense ratio (Regular): 2.29%
Category: Thematic
Risk: Very High
Benchmark: Nifty MNC TRI
Launch date: 28-10-2024
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹2,246.36 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152910
ISIN (Direct): INF174KA1TG9
Scheme code (Regular): 152913
ISIN (Regular): INF174KA1TJ3
NAV history: From 31-10-2024, 2.0 years

Exit load: 0.5% for redemption within 90 Days

Tax on Kotak MNC Fund returns

Kotak MNC Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹11.894	30-10-2026
direct	IDCW	₹11.894	30-10-2026
regular	Growth	₹11.558	30-10-2026
regular	IDCW	₹11.558	30-10-2026

About Kotak MNC Fund

Kotak MNC Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 28-10-2024. Its benchmark is Nifty MNC TRI. At the end of September 2026 it held 45 securities.

Fund Manager

Harsha Upadhyaya
Fund manager of Kotak MNC Fund
Dhananjay Thikaria
Fund manager of Kotak MNC Fund
Abhishek Bisen
Fund manager of Kotak MNC Fund

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹2,246.36 Cr; −2.72% from August 2026
August 2026: ₹2,309.19 Cr; +3.23% from July 2026
July 2026: ₹2,236.88 Cr; +2.61% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Kotak MNC Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Kotak MNC vs Nippon India Taiwan EquityThematic
Kotak MNC vs HDFC DefenceThematic
Kotak MNC vs HDFC Pharma and HealthcareThematic
Kotak MNC vs SBI Healthcare OpportunitiesThematic
Kotak MNC vs Aditya Birla Sun Life International EquityThematic
Kotak MNC vs HDFC MNC38.7% overlap
Kotak MNC vs SBI MNC35.4% overlap
Kotak MNC vs Aditya Birla Sun Life MNC35.2% overlap

Compare with any other fund

Frequently Asked Questions for Kotak MNC Fund

What is the current NAV of Kotak MNC Fund?

The Direct plan NAV is ₹11.894. The Regular plan NAV is ₹11.558, as on 30-10-2026.

What are the returns of Kotak MNC Fund?

The Direct plan returned +9.29% in 1 year. The Regular plan returned +7.78% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Kotak MNC Fund?

The Direct plan charges 0.90% a year. The Regular plan charges 2.29% a year. This is the figure the fund house reported to AMFI, in force from 08-10-2026.

What is the AUM of Kotak MNC Fund?

Kotak MNC Fund managed ₹2,246.36 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak MNC Fund?

At the end of September 2026 the largest holdings were MTARTECH (4.86%), INDOMIM (4.70%), ACUTAAS (4.38%), AZAD (4.35%), GVT&D (3.37%). The fund held 45 securities in all.

What did Kotak MNC Fund buy and sell in September 2026?

It bought 3 new stocks: HERO MOTORS LIMITED, HYUNDAI MOTORS INDIA LTD, AXISCADES TECHNOLOGIES LTD. It sold out of 2: Bosch Limited, Ksb Ltd. It added shares in 1. It reduced 3.

How do I invest in Kotak MNC Fund?

Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of Kotak MNC Fund?

Harsha Upadhyaya, Dhananjay Thikaria, Abhishek Bisen.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.