Fundalysisby DARKHORSESTOCKS

Fund house

Kotak

Its schemes hold 625 companies worth ₹3,71,600 Cr in Sept 2026.

  • AUM

    ₹6,13,645 CrKotak's AUM averaged over Sept 2026, as AMFI reports it. Down 0.8% on Aug 2026, ₹6,18,721 Cr.

  • Largest holding

    ICICI BankICICI Bank is 2.0% of Kotak's AUM.

  • Largest sector

    BanksCompanies in Banks make up 10.5% of Kotak's AUM.

  • Top 10 holdings

    13.4% of AUMThe 10 largest holdings together make up 13.4% of Kotak's AUM.

AUM(Mar 2014 – Sept 2026)

Average AUM each month, and its change on the month before
12 months₹ CrChange
Sept 20266,13,645−0.8%
Aug 20266,18,721+1.4%
Jul 20266,09,883+3.0%
Jun 20265,91,9510.0%
May 20265,92,166+0.9%
Apr 20265,87,023+2.5%
Mar 20265,72,554−3.5%
Feb 20265,93,277+2.6%
Jan 20265,78,2130.0%
Dec 20255,77,976+0.6%
Nov 20255,74,774+1.4%
Oct 20255,67,089+1.8%
Average AUM, Sept 2026
₹6,13,645 Cr
+8.2% since Oct 2025
Fig. 1.Kotak's average AUM each month since Mar 2014, ₹ crore. Source: AMFI.

Asset classes(Sept 2026)

Average AUM by asset class in Sept 2026, ₹ crore, and each one's share of the total
9 classes₹ CrShare
Equity2,59,91242.4%
Hybrid1,30,68221.3%
Liquid89,00314.5%
Debt74,31212.1%
Index funds16,8902.8%
ETFs16,6512.7%
Gold ETFs14,7382.4%
Overseas FoFs7,6171.2%
Silver ETFs3,8410.6%
Domestic FoFs20,532
Average AUM, Sept 2026
Fig. 2.Average AUM by asset class, as AMFI classes it since SEBI's Aug 2026 categories. Source: AMFI.

States(Sept 2026)

Average AUM by state in Sept 2026, ₹ crore, its share of the total and its change over the year
36 states₹ CrShare
Maharashtra2.73L44.6%
Delhi55.5K9.0%
Karnataka45.7K7.4%
Gujarat43.7K7.1%
Uttar Pradesh26.9K4.4%
Haryana25.8K4.2%
West Bengal24.9K4.1%
Tamil Nadu24.2K3.9%
Rajasthan9.84K1.6%
Andhra Pradesh6.77K1.1%
Punjab6.62K1.1%
Madhya Pradesh6.6K1.1%
Kerala5.65K0.9%
Jharkhand3.83K0.6%
Goa3.8K0.6%
Odisha3.22K0.5%
Bihar2.62K0.4%
Chhattisgarh2.53K0.4%
Uttarakhand2.14K0.3%
Assam1.77K0.3%
Chandigarh1.76K0.3%
Telangana1.13K0.2%
Himachal Pradesh1.08K0.2%
Jammu & Kashmir546<0.1%
Nagaland497<0.1%
Puducherry275<0.1%
Dadra & Nagar Haveli and Daman & Diu198<0.1%
Meghalaya153<0.1%
Sikkim102<0.1%
Arunachal Pradesh67.7<0.1%
Tripura59.4<0.1%
Manipur43.2<0.1%
Mizoram19.3<0.1%
Andaman & Nicobar16.1<0.1%
Ladakh2.25<0.1%
Lakshadweep2.21<0.1%
Others32.2K5.2%
All states and union territories, Sept 2026
₹5,81,430 Cr
36 states and union territories
2738652.73K8.65K27.3K86.5K

Average AUM, ₹ crore

Fig. 3.Kotak's average AUM by the state its investors live in, and its change over the year. Source: AMFI.

Market share(Mar 2014 – Sept 2026)

Share of industry AUM each month, and its change on the month before
12 monthsShareChange
Sept 202630.92%+23.91 pt
Aug 20267.01%−0.06 pt
Jul 20267.06%+0.03 pt
Jun 20267.03%−0.06 pt
May 20267.09%−0.07 pt
Apr 20267.16%−0.04 pt
Mar 20267.21%+0.09 pt
Feb 20267.11%+0.06 pt
Jan 20267.05%0.00 pt
Dec 20257.05%−0.02 pt
Nov 20257.07%−0.04 pt
Oct 20257.11%−0.05 pt
Share of industry AUM, Sept 2026
30.92%
+23.81 pt since Oct 2025
Fig. 4.Kotak's average AUM as a share of every fund house's, each month since Mar 2014; changes in points. Source: AMFI.