Fundalysisby DARKHORSESTOCKS

Scheme

Kotak MNC Fund

Holds 45 companies worth ₹2,236 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹2,291 CrKotak MNC Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.8% on Aug 2026, ₹2,309 Cr.

  • Largest holding

    Mtar Technologies LimitedMtar Technologies Limited is 4.9% of this scheme's NAV.

  • Fund manager

    Abhishek BisenRuns it since 28 Oct 2024, as the fund house dates it. With Dhananjay Tikariha (fund manager), Harsha Upadhyaya (fund manager).

Overview(9 Oct 2026)

Fund managers3

  1. Abhishek BisenFund manager, debt · Oct 2024 · 23y · MBA
  2. Dhananjay TikarihaFund manager, equity · Oct 2024 · 18y · PGDM M.Tech B.Tech
  3. Harsha UpadhyayaFund manager, equity · Oct 2024 · 30y · CFA PGDM B.E.

    Key facts

    Benchmark
    Nifty MNC Index (Total Return Index (TRI))
    Risk
    Very High
    Expense
    Regular 2.28% · Direct 0.9%
    Exit load
    0.5% within 90 days
    Started
    28 Oct 2024
    Minimum
    ₹100

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

    What changed(13 changes)

    Aug 2026

    1 change
    1. Expense ratio
      30 AugRegular 2.22% → 2.28%Direct 0.86% → 0.91%

    Jul 2026

    1 change
    1. Expense ratio
      30 JulRegular 2.26% → 2.22%Direct 0.88% → 0.86%

    Jun 2026

    1 change
    1. Expense ratio
      29 JunRegular 2.07% → 2.26%Direct 0.66% → 0.88%

    Source.Its filings at NSE, since Oct 2024.

    Fund managers over time(Oct 2024 – now)

    1. Abhishek Bisen
    2. Dhananjay Tikariha
    3. Harsha Upadhyaya
    MainCoSlice20252026
    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(May 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    12 changesRegularDirectΔ pt
    30 Aug 20262.28%0.91%0.05
    30 Jul 20262.22%0.86%0.02
    29 Jun 20262.26%0.88%0.22
    30 May 20262.07%0.66%0.01
    29 Apr 20262.06%0.65%0
    30 Mar 20262.07%0.65%0.01
    30 Jan 20262.04%0.64%0.01
    30 Dec 20252.03%0.63%0.03
    29 Nov 20252.02%0.60%0.02
    31 Oct 20252.00%0.58%0.02
    31 Jul 20252.00%0.56%0
    31 May 20251.99%0.56%–
    Direct plan, 30 Aug 2026
    0.91%
    Regular plan 2.28% · 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 investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of multi-national companies (MNC). However, there is no assurance that the objective of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme investing in multi-national companies (MNC) theme.
    Benchmark
    Nifty MNC Index (Total Return Index (TRI))

    Asset allocation it may hold% of NAV

    1. Equity and Equity related instruments of Multi-National Companies (MNCs)
      Allowed80–100%
    2. Equity and Equity Related instruments Other than Multi-National Companies (MNCs)
      Allowed0–20%
    3. Debt and Money Market Instruments
      Allowed0–20%Holds0.4%
    4. Units of Gold/Silver ETF
      Allowed0–20%
    5. Units of InvITs
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.99.6% equity · 0.4% debt and cash

    How to invest(9 Oct 2026)

    Buying

    To start
    ₹100, then rs. 100/- and any amount thereafter
    To add
    ₹100, then rs. 100/- and any amount thereafter
    Systematic
    SIP - Daily, Weekly, Monthly, Quarterly, Half-yearly and Anually SWP -Daily, Weekly, Monthly,Quarterly, Half-Yearly and Anually STP - Daily, Weekly, Monthly & Quarterly SSIP - Monthly/Quarterly SSTP - Monthly/Quarterly SSWP - Monthly/ Quarterly
    Dates
    SIP - Any date from 1st to 31st SWP - Any Business Day STP - Any Business Day SSIP - Any date from 1st to 31st of a given month/quarter SSTP - Any Business Day (Monday-Friday) and Any Business date from 1st to 31st of given month/quarter SSWP- 1st, 7th, 14th, 21st & 25th
    Minimum
    SIP - Rs. 100 and any amount thereafter SWP - Rs. 1000 STP - Rs. 1000
    Instalments
    SIP - N.A. SWP - N.A. STP - N.A.

    Selling and switching

    To redeem
    Rs. 100/- or account balance,whichever is lower
    Switch minimum
    ₹100

    Scheme details(9 Oct 2026)

    What it is

    Category
    Equity Schemes –Thematic Fund
    Offer
    7 Oct 2024 to 21 Oct 2024
    Started
    28 Oct 2024
    Reopened
    31 Oct 2024
    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
    Segregrated Portfolio has been created.
    Custodian
    Deutsche Bank A G, Mumbai & Standard Chartered Bank
    Auditor
    S. R. Batliboi & Co. LLP
    Registrar
    Computer Age Management Services (‘CAMS’)
    SEBI code
    KOTM/O/O/EIN/24/08/0129