Scheme

Kotak Business Cycle Fund

Holds 52 companies worth ₹3,368 Cr in Sept 2026.

Fund house
KotakThe fund house that runs this scheme.
AUM
₹3,523 CrKotak Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.4% on Aug 2026, ₹3,509 Cr.
Largest holding
ICICI BankICICI Bank is 7.7% of this scheme's NAV.
Fund manager
Abhishek BisenRuns it since 28 Sept 2022, as the fund house dates it. With Harish Bihani (fund manager).

Holdings^{(Sept 2022 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	52 companies ·	₹ Cr
	ICICI Bank	262
	Aditya Infotech Limited	196
	Indo MIM Limited	150
	Eternal Limited	138
	Axis Bank	125
	Aster DM Healthcare Limited	115
	Krishna Institute of Medical Science Ltd	110
	Vijaya Diagnostic Centre Limited	106
	ACME Solar Holdings Limited	97.9
	Lenskart Solutions Limited	92.2
	Bharti Hexacom Limited	90
	HDFC Bank	89.3
	Shriram Finance Limited	84.6
	MARUTI SUZUKI INDA LIMITED	71.4
	360 One Wam Limited	68
	Mahindra and Mahindra Limited	63.4
	Vishal Mega Mart Limited	63.3
	Indian Bank	63
	Happy Forgings Limited	60.3
	Vedanta Aluminium Metal Limited	59.9
	Avenue Supermarts Limited	58.4
	Century Plyboards India Limited	58.2
	UltraTech Cement Limited	57
	SBI Life Insurance Co Ltd	56.5
	Godrej Consumer Products	55.4
	ICICI Lombard General Insurance Co	55.1
	Kalpataru Projects International Limited	54
	Mankind Pharma Limited	50.4
	MphasiS	49.8
	Brigade Enterprises Ltd	47.9
	Oberoi Realty	47.6
	Infosys	47.5
	Minda Industries Limited	45.5
	Reliance Industries	42.1
	Sagility India Limited	40.1
	TVS Motor Co Ltd	39.3
	LG Electronics Inc	39.1
	Hexaware Technologies limited	37.8
	NTPC	35.6
	Aptus Value Housing Finance	34.3
	ICICI Prudential Asset Management Company Limited	34
	Corona Remedies Limited	33.9
	Jubilant Ingrevia Limited	32.2
	Kfin Technologies Limited	31.8
	Hindustan Aeronautics Limited	28
	SBI Funds Management Limited	27
	Shadowfax Technologies Limited	26.3
	Tenneco Clean Air India Limited	25.6
	ITC	23.7
	Medi Assist Healthcare Services Limited	19.5

ICICI Bank
Aditya Infotech Limited

Market value of each ticked company in Kotak Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	Aditya Infotech Limited
Sept 2025	₹125 Cr	₹40.6 Cr
Oct 2025	₹159 Cr	₹40.4 Cr
Nov 2025	₹164 Cr	₹47.2 Cr
Dec 2025	₹158 Cr	₹45.8 Cr
Jan 2026	₹190 Cr	₹42.5 Cr
Feb 2026	₹193 Cr	₹93.2 Cr
Mar 2026	₹191 Cr	₹99.2 Cr
Apr 2026	₹251 Cr	₹118 Cr
May 2026	₹249 Cr	₹148 Cr
Jun 2026	₹273 Cr	₹186 Cr
Jul 2026	₹285 Cr	₹173 Cr
Aug 2026	₹289 Cr	₹182 Cr
Sept 2026	₹262 Cr	₹196 Cr

Fig. 1.Market value of each ticked company in Kotak Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	20	42.03

Mid Cap	11	20.96

Small Cap	19	30.46

Unlisted	2	5.18

Cash & others		1.37

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

ICICI Bank	Equity	Banks	19.9L	262	7.69
Aditya Infotech Limited	Equity	Industrial Manufacturing	5.09L	196	5.74
Indo MIM Limited	Equity	Industrial Manufacturing	12.1L	150	4.39
Eternal Limited	Equity	Retailing	43.2L	138	4.05
Axis Bank	Equity	Banks	10.2L	125	3.67
Aster DM Healthcare Limited	Equity	Healthcare Services	16.5L	115	3.37
Krishna Institute of Medical Science Ltd	Equity	Healthcare Services	14.8L	110	3.23
Vijaya Diagnostic Centre Limited	Equity	Healthcare Services	7.38L	106	3.11
ACME Solar Holdings Limited	Equity	Power	22.3L	97.9	2.87
Lenskart Solutions Limited	Equity	Retailing	13.5L	92.2	2.70
Bharti Hexacom Limited	Equity	Telecom - Services	6.32L	90	2.64
HDFC Bank	Equity	Banks	12.6L	89.3	2.62
Shriram Finance Limited	Equity	Finance	8.61L	84.6	2.48
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	59.7K	71.4	2.09
360 One Wam Limited	Equity	Capital Markets	6.6L	68	1.99
Mahindra and Mahindra Limited	Equity	Automobiles	2.15L	63.4	1.86
Vishal Mega Mart Limited	Equity	Retailing	62.6L	63.3	1.85
Indian Bank	Equity	Banks	7.82L	63	1.85
Happy Forgings Limited	Equity	Industrial Products	2.92L	60.3	1.77
Vedanta Aluminium Metal Limited	Equity	Non - Ferrous Metals	14.5L	59.9	1.75
Avenue Supermarts Limited	Equity	Retailing	1.54L	58.4	1.71
Century Plyboards India Limited	Equity	Consumer Durables	8.54L	58.2	1.70
UltraTech Cement Limited	Equity	Cement & Cement Products	52K	57	1.67
SBI Life Insurance Co Ltd	Equity	Insurance	3.33L	56.5	1.65
Godrej Consumer Products	Equity	Personal Products	6.52L	55.4	1.62
ICICI Lombard General Insurance Co	Equity	Insurance	3.46L	55.1	1.61
Kalpataru Projects International Limited	Equity	Construction	3.91L	54	1.58
Mankind Pharma Limited	Equity	Pharmaceuticals & Biotechnology	2.01L	50.4	1.48
MphasiS	Equity	IT - Software	2.31L	49.8	1.46
Brigade Enterprises Ltd	Equity	Realty	8.33L	47.9	1.40
Oberoi Realty	Equity	Realty	2.69L	47.6	1.39
Infosys	Equity	IT - Software	4.78L	47.5	1.39
Minda Industries Limited	Equity	Auto Components	3.89L	45.5	1.33
Reliance Industries	Equity	Petroleum Products	3.55L	42.1	1.23
Sagility India Limited	Equity	IT - Services	94.2L	40.1	1.18
TVS Motor Co Ltd	Equity	Automobiles	95.7K	39.3	1.15
LG Electronics Inc	Equity	Consumer Durables	2.27L	39.1	1.14
Hexaware Technologies limited	Equity	IT - Software	7.65L	37.8	1.11
NTPC	Equity	Power	11L	35.6	1.04
Aptus Value Housing Finance	Equity	Finance	14.7L	34.3	1.00
ICICI Prudential Asset Management Company Limited	Equity	Capital Markets	1.08L	34	1.00
Corona Remedies Limited	Equity	Pharmaceuticals & Biotechnology	1.62L	33.9	0.99
Jubilant Ingrevia Limited	Equity	Chemicals & Petrochemicals	4.92L	32.2	0.94
Kfin Technologies Limited	Equity	Capital Markets	3.78L	31.8	0.93
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	60K	28	0.82
SBI Funds Management Limited	Equity	Capital Markets	5.23L	27	0.79
Shadowfax Technologies Limited	Equity	Transport Services	9.37L	26.3	0.77
Tenneco Clean Air India Limited	Equity	Auto Components	5.04L	25.6	0.75
ITC	Equity	Diversified FMCG	9L	23.7	0.69
Medi Assist Healthcare Services Limited	Equity	Insurance	6.46L	19.5	0.57
CMS Info System Limited	Equity	Commercial Services & Supplies	8.49L	18.8	0.55
Western Carriers India Limited	Equity	Transport Services	9.98L	9.3	0.27

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.