Kotak Business Cycle
NAV
₹18.04
as of 6 Oct 2026
Kotak Business Cycle is an open-ended Sectoral/ Thematic scheme from Kotak Mahindra Mutual Fund managing ₹3,509 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹18.04 as of 6 Oct 2026. The expense ratio is 0.79% a year. Managed by Abhishek Bisen. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.79% / yr
- as of 31 Aug 2026
- Fund size
- ₹3,509 crore
- as of 31 Aug 2026
- Exit load
- 0.5%
- SIP available
- Yes
- Launched
- 28 Sept 2022
- ISIN
- INF174KA1JN6
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Nifty 500 TRI
Kotak Business Cycle
₹179
+79% on ₹100 over 4.0 yrs
Sectoral/ Thematic average
₹175
+75% on ₹100 over 4.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -1.17% | -4.47% | +3.30 |
| 6 months | 9.00% | 7.56% | +1.44 |
| 1 year | 3.47% | -0.10% | +3.57 |
| 3 years (CAGR) | 15.31% | 12.32% | +2.99 |
Category average across 119 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- 0.6%
- Median
- 12.7%
- Best
- 45.4%
38 windows over the last 49 months, stepped monthly; 100% ended positive. Worst window began 1 Oct 2024. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 15.0%
- Median
- 18.6%
- Best
- 19.9%
14 windows over the last 49 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.71
- Sortino ratio (3Y)
- 1.05
- Standard deviation (3Y)
- 15.31%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-17.6%
Right now
-4.3% below peak
Where the money actually is
Equity
99.5%
Cash
0.5%
Whole-portfolio split, as of 31 Aug 2026.
What it owns
54 positions · top 10 = 39.7%
Market-cap mix
Large 43.6%Mid 21.6%Small 30.4%Other 4.4%
as of 31 Aug 2026
Holdings by sector
Financial Services(3 in top 10)27.5%
- ICICI Bank Ltd8.23%
- Axis Bank Ltd3.78%
- Shriram Finance Ltd2.72%
Healthcare(3 in top 10)16.7%
- Aster DM Quality Care Ltd Ordinary Shares3.56%
- Vijaya Diagnostic Centre Ltd3.19%
- Krishna Institute of Medical Sciences Ltd3.18%
Industrials(2 in top 10)14.1%
- Aditya Infotech Ltd5.17%
- Indo MIM Ltd3.01%
Consumer Cyclical(1 in top 10)13.7%
- Eternal Ltd4.04%
- Technology6.5%
- Basic Materials6.3%
- Consumer Defensive4.0%
- Utilities3.6%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 39.1% vs category 37.4% a year.
Other top holdings
- Bharti Hexacom Ltd2.78%
The businesses it owns
- P/E (trailing)
- 29.5 vs category 25.9
- P/B
- 4.5 vs category 3.9
- Dividend yield
- 0.8% vs category 1.1%
- Net margin
- 18.0% vs category 15.4%
- Earnings growth
- 14.3%
- Avg market cap
- ₹1.03 lakh crore
Money in, money out
- Net flow, 12 months
- +₹335 cr
- Net flow, 3 months
- +₹90 cr
as of 31 Aug 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Kotak Business Cycle?
- ₹18.04 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Kotak Business Cycle?
- 0.79% a year for the Direct plan, as of 31 Aug 2026.
- How large is Kotak Business Cycle?
- ₹3,509 crore under management as of 31 Aug 2026, in the Sectoral/ Thematic category.
- How risky is Kotak Business Cycle?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What is the worst 3-year return of Kotak Business Cycle?
- 15.0% a year – the weakest of 14 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 18.6% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Kotak Business Cycle?
- Abhishek Bisen, managing this fund for 3.9 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- Kotak Pioneer Fund₹4,281 crore
- DSP Healthcare Fund₹3,835 crore
- Aditya Birla Sun Life Banking and Financial Services Fund₹3,668 crore
- Mirae Asset Healthcare Fund₹3,442 crore
- HDFC Pharma and Healthcare Fund₹3,311 crore
- Kotak Manufacture in India Fund₹3,127 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.