Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Flexi Cap Fund

Holds 55 companies worth ₹52,310 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹54,816 CrKotak Flexi Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.8% on Aug 2026, ₹56,392 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.5% of this scheme's NAV.

  • Fund manager

    Harsha UpadhyayaRuns it since 4 Aug 2012, as the fund house dates it.

Overview(1 Oct 2026)

Fund managers1

  1. Harsha UpadhyayaFund manager · Aug 2012 · 30y · CFA PGDM B.E.
  1. Arjun KhannaMar 2006 – Sept 2024

Key facts

Benchmark
NIFTY 500 TRI
Risk
Very High
Expense
Regular 1.49% · Direct 0.66%
Exit load
10% within 1 year
Started
11 Sept 2009
Minimum
₹100

Source.Its Scheme Summary Document as of 1 Oct 2026 at AMFI.

What changed(13 changes)

Jul 2026

1 change
  1. Expense ratio
    30 JulRegular 1.47% → 1.48%Direct 0.65% → 0.66%

Jun 2026

1 change
  1. Expense ratio
    29 JunRegular 1.43% → 1.47%Direct 0.59% → 0.65%

May 2026

1 change
  1. Expense ratio
    30 MayDirect 0.62% → 0.59%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Sept 2009 – now)

  1. Harsha Upadhyaya
  2. Arjun Khanna
MainCoSlice201020122014201620182020202220242026
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.
13 changesRegularDirectΔ pt
30 Jul 20261.48%0.66%0.01
29 Jun 20261.47%0.65%0.06
30 May 20261.43%0.59%0.03
29 Apr 20261.43%0.62%0.01
30 Mar 20261.42%0.61%0.02
27 Feb 20261.44%0.59%0.01
29 Nov 20251.44%0.60%0.01
31 Oct 20251.43%0.59%0
31 Jul 20251.44%0.59%0.01
30 Jun 20251.45%0.60%0.03
31 May 20251.46%0.63%0.04
30 Sept 20241.46%0.59%0.02
31 Aug 20241.45%0.57%–
Direct plan, 30 Jul 2026
0.66%
Regular plan 1.48% · Exit load 10% within 1 year
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(1 Oct 2026)

Objective

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors. 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
Flexicap Fund - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks
Benchmark
NIFTY 500 TRI
Benchmark 2
Nifty 200 TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related Securities
    Allowed65–100%Holds98.5%
  2. Medium to High ( Risk Profile) Debt & Money Market Instruments
    Allowed0–35%Holds1.5%
  3. Low ( Risk Profile) Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.98.5% equity · 1.5% debt and cash

How to invest(1 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 31stSWP - 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 - N.A.STP - N.A.
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
Switch minimum
₹1,000 or 0.01 units

Scheme details(1 Oct 2026)

What it is

Category
Flexicap Fund
Offer
24 Jan 2006 to 21 Mar 2006
Started
11 Sept 2009
Reopened
11 Sept 2009
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
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/E/FCF/09/06/0026