Fundalysisby DARKHORSESTOCKS

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).

Overview(9 Oct 2026)

Fund managers2

  1. Abhishek BisenFund manager, debt · Sept 2022 · 23y · MBA
  2. Harish BihaniFund manager, equity · Oct 2023 · 19y · MBA
  1. Arjun KhannaSept 2022 – Sept 2024

Key facts

Benchmark
Nifty 500 Total Return Index
Risk
Very High
Expense
Regular 2.03% · Direct 0.75%
Exit load
0.5% within 90 days
Started
28 Sept 2022
Minimum
₹100

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(18 changes)

Aug 2026

1 change
  1. Expense ratio
    30 AugRegular 2.07% → 2.05%Direct 0.81% → 0.77%

Jul 2026

1 change
  1. Expense ratio
    30 JulRegular 2.11% → 2.07%Direct 0.82% → 0.81%

Jun 2026

1 change
  1. Expense ratio
    29 JunRegular 1.97% → 2.11%Direct 0.66% → 0.82%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Sept 2022 – now)

  1. Abhishek Bisen
  2. Harish Bihani
  3. Arjun Khanna
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
17 changesRegularDirectΔ pt
30 Aug 20262.05%0.77%0.04
30 Jul 20262.07%0.81%0.01
29 Jun 20262.11%0.82%0.16
30 May 20261.97%0.66%0.20
29 Apr 20262.18%0.86%0.23
30 Mar 20261.95%0.63%0
27 Feb 20261.94%0.63%0
30 Dec 20251.93%0.63%0.01
29 Nov 20251.92%0.62%0.02
31 Oct 20251.92%0.60%0.01
30 Sept 20251.92%0.59%0
31 Aug 20251.93%0.59%0
31 Jul 20251.94%0.59%0.01
30 Jun 20251.95%0.60%0.01
31 May 20251.95%0.61%0.13
30 Sept 20241.92%0.48%0.03
31 Aug 20241.92%0.45%–
Direct plan, 30 Aug 2026
0.77%
Regular plan 2.05% · Exit load 0.5% within 90 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the scheme will be realized.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended equity scheme investing in business cycles based investing theme.
Benchmark
Nifty 500 Total Return Index

Asset allocation it may hold% of NAV

  1. Equity and Equity Related Instruments selected on the basis of business cycle
    Allowed80–100%
  2. Other Equity and Equity Related Instruments of companies
    Allowed0–20%
  3. Debt and Money Market Instruments
    Allowed0–20%Holds1.4%
  4. Units of Gold/Silver ETF
    Allowed0–20%
  5. Units of InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.98.6% equity · 1.4% debt and cash

How to invest(9 Oct 2026)

Buying

To start
₹100, then any amount thereafter Rs. 100
To add
₹100, then any amount thereafter Rs. 100
Systematic
SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
Dates
SIP - Any date from 1st to 31st SWP - Any Date of Every Month STP - Any Business Day
Minimum
SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - STP -
Instalments
SIP - N.A. SWP - 6 installmentsSTP - 6 installments

Selling and switching

To redeem
₹100 or 10 units units
Minimum balance
₹1,000 or 100 units units

Scheme details(9 Oct 2026)

What it is

Category
Thematic Fund
Offer
7 Sept 2022 to 21 Sept 2022
Started
28 Sept 2022
Reopened
6 Oct 2022
Plans
Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled, No Segregrated Portfolio created
Custodian
Deutsche Bank A G, Mumbai & Standard Chartered Bank,Orbis Financial Corporation Limited
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/E/THE/22/08/0077