Fundalysisby DARKHORSESTOCKS

Fund manager · Kotak

Harsha Upadhyaya

CIO - Equity and Debt at Kotak. Runs 6 schemes worth ₹98,853 Cr.

  • Fund house

    KotakThey run their schemes at Kotak.

  • AUM they run

    ₹98,853 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    6 now · 1 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    30 years30

Profile(Kotak's SAI, 30 Jun 2026)

About

Role
CIO - Equity and Debt
Studied
Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, Post Graduate Diploma in Management (Finance) from Indian Institute of Management, Lucknow and Chartered Financial Analyst charter from the CFA Institute, USA
Age
54 years
Experience
30
Also as
Harsha Upadhaya (Kotak)

Schemes now6

  1. Kotak Flexi Cap Fund₹54,816 Cr
  2. Kotak Large Mid Cap Fund₹31,800 Cr
  3. Kotak ELSS Tax Saver Fund₹6,262 Cr
  4. Kotak Manufacture In India Fund₹3,206 Cr
  5. Kotak MNC Fund₹2,291 Cr
  6. Kotak Quant Fund₹477 Cr

AUM they run(Feb 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202698,853−2.2%
Aug 20261,01,034+2.0%
Jul 202699,075+0.3%
Jun 202698,792+2.6%
May 202696,297−0.1%
Apr 202696,426+9.8%
Mar 202687,782−11.7%
Feb 202699,381+1.5%
Jan 202697,952−0.4%
Dec 202598,339−0.4%
Nov 202598,763+1.1%
Oct 202597,647+3.6%
AUM at month end, Sept 2026
₹98,853 Cr
+1.2% since Oct 2025
Fig. 1.The AUM of the schemes Harsha Upadhyaya ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Aug 2012 – now)

  1. Flexi Cap Fund
  2. Large Mid Cap Fund
  3. ELSS Tax Saver Fund
  4. Manufacture In India Fund
  5. Quant Fund
  6. MNC Fund
  7. Energy Opportunities Fund
Kotak2013201520172019202120232025
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Aug 2012 – now)

Kotak

6 now · since Aug 2012
  1. Kotak Flexi Cap Fund
    Fund managerAug 2012—14y 3m₹54,816 CrFlexi CapTER 0.66%
  2. Kotak Manufacture In India Fund
    Fund manager, debtOct 2023—3y 1m₹3,206 CrSectoral / ThematicTER 0.76%
  3. Kotak MNC Fund
    Fund manager, equityOct 2024—2y 1m₹2,291 CrSectoral / ThematicTER 0.90%
  4. Kotak Energy Opportunities Fund
    Co-manager, equityApr 2025—Mar 20261ySectoral / Thematic

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(7 schemes)

Growth · Direct plans, Regular before 2013

Return as manager
+13.87%
Beat peers
6 of 6
vs peers
+0.89 pt
Longest run
14.2 years
Beat benchmark
Upcoming
Each scheme Harsha Upadhyaya ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Kotak Flexi Cap Fund
Aug '12–now · 14.2y
+14.69%+13.90%+0.79 pt––
Kotak Large Mid Cap Fund
Aug '12–now · 14.2y
+15.25%+15.00%+0.25 pt––
Kotak ELSS Tax Saver Fund
Aug '15–now · 11.2y
+13.05%+12.07%+0.98 pt––
Kotak Manufacture In India Fund
Oct '23–now · 3.0y
+18.96%+12.13%+6.83 pt––
Kotak Quant Fund
Oct '23–now · 3.0y
+12.24%+12.13%+0.11 pt––
Kotak MNC Fund
Oct '24–now · 1.9y
+11.52%+2.01%+9.52 pt––
Kotak Energy Opportunities Fund
May '25–Mar '26 · 0.8y
+6.95%+8.06%−1.11 pt––
Fig. 1.Each scheme Harsha Upadhyaya ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Abhishek BisenManufacture In India Fund · MNC Fund · Quant Fund3 schemes
  2. Dhananjay TikarihaMNC Fund1 scheme
  3. Rohit TandonQuant Fund1 scheme