Kotak Business Cycle Fund

Q: What are the returns of this mutual fund scheme?

The Kotak Business Cycle Fund is a 3 yrs 4 m old fund and has delivered average annual returns of 14.48% since inception. Kotak Business Cycle Fund Returns 1-Year 3-Year Since Inception 5.59% 16.68% 14.48%

Q: How much does this mutual fund charge as expense ratio?

The Kotak Business Cycle Fund has an expense ratio of 1.94% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.785-0.83% 1 day change	14.48% p.a.	App exclusive #NA View Ranked Funds	₹3,108 Cr

Historical NAV & returns

NAV: ₹15.785 as on Feb 02, 2026

This fund Category average

Kotak Business Cycle Fund overview

AUM (Fund size)	₹3,108 Cr
Exit load	0.5% 0.5% for redemption within 90 Days!
Lock-in Period	Nil
Age	3 yrs 4 m since Sep 07, 2022
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.94% as on Feb 01, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Kotak Business Cycle Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.46%	-8.79%
3 Months	-5.79%	-8.32%
6 Months	-1.94%	-5.01%
1 Year	5.59%	0.77%
2 Years	13.11%	3.92%
3 Years	16.68%	13.52%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 46.22%

Mid Cap 25.59%

Small Cap 26.67%

Other Cap 0%

Top holdings

ICICI Bank Ltd.5.1%

Bharti Hexacom Ltd.3.7%

Aster DM Healthcare Ltd.3.45%

HDFC Bank Ltd.3.32%

Top sectors

Financial 17.72%

Healthcare 11.82%

Services 11.669999999999998%

Automobile 10.180000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.87%

Other Holdings

Others 1.87%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Business Cycle Fund	-5.46%	-1.94%	5.59%	16.68%	N.A.	N.A.
ICICI Prudential India Opportunities Fund	-3.02%	5.18%	11.87%	22.83%	24.41%	13.86%
ICICI Prudential Value Fund	-3.55%	3.69%	11.27%	19.95%	20.57%	16.67%
ICICI Prudential Dividend Yield Equity Fund	-3.71%	3.15%	10.38%	22.01%	23.15%	17.4%
ICICI Prudential Diversified Equity All Cap Omni FoF	-4.85%	1.14%	8.2%	20.31%	19.81%	11.98%
SBI Contra Fund	-3.77%	1.88%	6.55%	19.59%	21.15%	17.19%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Business Cycle Fund	12.97	0.93	0.84	1.06
ICICI Prudential India Opportunities Fund	11.3	0.83	1.35	2.2
ICICI Prudential Value Fund	11.09	0.81	1.18	2.0
ICICI Prudential Dividend Yield Equity Fund	11.93	0.87	1.26	1.98
ICICI Prudential Diversified Equity All Cap Omni FoF	11.66	0.89	1.16	1.79
SBI Contra Fund	12.07	0.91	1.07	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak Business Cycle Fund	N.A.	3,108 Cr	3 yrs 4 m	1.94%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	7 yrs 1 m	1.57%
ICICI Prudential Value Fund	N.A.	61,272 Cr	21 yrs 6 m	1.48%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	11 yrs 9 m	1.8%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	258 Cr	5 yrs 11 m	1.02%
SBI Contra Fund	N.A.	49,967 Cr	20 yrs 8 m	1.5%

View all Strategy funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.64 vs. 4.3 Underperformed at beating benchmark
Sharpe	0.84 vs. 4.6 Poor risk-adjusted returns
Beta	0.93 vs. 0.75 More sensitive to market's ups & downs
Standard deviation	12.97 vs. 8.85 More volatile performance

Compare Kotak Business Cycle Fund in detail with

About this fund

About Kotak Business Cycle Fund

Kotak Business Cycle Fund is a Strategy mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 3 yrs 4 m, having been launched on 07/09/2022. Kotak Business Cycle Fund has ₹3,108 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Kotak Business Cycle Fund as of 02/02/2026 is ₹15.79. The fund has an expense ratio of 1.94%, which is higher than what most other Strategy funds charge.

Kotak Business Cycle Fund returns of last 1-year are 5.47%. Since launch, it has delivered 14.59% average annual returns.
Kotak Business Cycle Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Healthcare, Services, Automobile, Technology sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in ICICI Bank Ltd., Bharti Hexacom Ltd., Aster DM Healthcare Ltd., HDFC Bank Ltd., Vishal Mega Mart Ltd..

...

Fund AUM	3,108 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Abhishek Bisen

Mr. Bisen is a BA and MBA in Finance. Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.

Harish Bihani

Mr. Bihani has done MBA in Finance Prior to joining Kotak Mutual Fund, he has worked with ICICI Prudential Mutual Fund, SBI Mutual Fund, Kotak Instituitional Equities, CIMB Securities, RBS Equities India Pvt. Ltd., Indiabulls Securities Ltd. and Reliance Equities International Pvt. Ltd.

Investment objective

The scheme seeks 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.

Kotak Mahindra Mutual Fund details

No. of schemes	84 view all schemes
Total AUM	5,88,199 Cr as on Dec 31, 2025
Address	The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai, 400051
Phone	022-61152100 / 1800-22-2626

More funds from Kotak Mahindra Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Kotak Infrastructure and Economic Reform Fund	N.A.	2,353 Cr	4.21%	22.47%
Kotak Midcap Fund	N.A.	60,637 Cr	8.35%	19.75%
Kotak US Specific Equity Passive FoF	N.A.	3,770 Cr	26.62%	18.64%
Kotak Contra Fund	N.A.	5,136 Cr	9.74%	17.26%
Kotak Large & Midcap Fund	N.A.	30,039 Cr	11.95%	17.22%
Kotak Small Cap Fund	N.A.	17,258 Cr	-6.28%	17.1%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Kotak Business Cycle Fund?

The current Net Asset Value (NAV) of the Kotak Business Cycle Fund plan is approximately ₹15.785 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Business Cycle Fund is a 3 yrs 4 m old fund and has delivered average annual returns of 14.48% since inception.

Kotak Business Cycle Fund Returns

1-Year	3-Year	Since Inception
5.59%	16.68%	14.48%

How much does this mutual fund charge as expense ratio?

The Kotak Business Cycle Fund has an expense ratio of 1.94%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Kotak Business Cycle Fund currently has assets under management (AUM) or fund size valued at approximately 3,108 Cr as on Dec 31, 2025.

What are the top stock holdings of Kotak Business Cycle Fund?

The Kotak Business Cycle Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
ICICI Bank Ltd.	5.1%
Bharti Hexacom Ltd.	3.7%
Aster DM Healthcare Ltd.	3.45%
HDFC Bank Ltd.	3.32%
Vishal Mega Mart Ltd.	3.12%
Maruti Suzuki India Ltd.	3.1%
Axis Bank Ltd.	3.1%
GE Vernova T&D India Ltd	3.02%
Eternal Ltd.	2.83%
Mahindra & Mahindra Ltd.	2.57%

What are the top sectors Kotak Business Cycle Fund has invested in?

The Kotak Business Cycle Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	17.72%
Healthcare	11.82%
Services	11.669999999999998%
Automobile	10.180000000000001%
Technology	7.0600000000000005%
Construction	6.380000000000001%
Capital Goods	6.079999999999999%
Consumer Staples	5.33%
Communication	5.17%
Insurance	4.37%

What is risk level of Kotak Business Cycle Fund?

This is a Strategy fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Kotak Business Cycle Fund?

Redeeming your investments in the Kotak Business Cycle Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Strategy

#NA

Return Outperformance: This fund has generated highest return amongst Strategy funds in the last 3 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: 0.5% for redemption within 90 Days