Kotak Flexicap Fund

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

The Kotak Flexicap Fund is a 16 yrs 6 m old fund and has delivered average annual returns of 13.91% since inception. Kotak Flexicap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 12.59% 16.63% 14.02% 15.09% 13.91%

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

The Kotak Flexicap Fund has an expense ratio of 1.44% , 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)
₹85.845-1.02% 1 day change	13.91% p.a.	App exclusive #NA View Ranked Funds	₹56,460 Cr

Historical NAV & returns

NAV: ₹85.845 as on Feb 02, 2026

This fund Category average

Kotak Flexicap Fund overview

AUM (Fund size)	₹56,460 Cr
Exit load	1.0% Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.!
Lock-in Period	Nil
Age	16 yrs 6 m since Jul 22, 2009
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.44% 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 Flexicap 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	-2.69%	-7.25%
3 Months	-1.48%	-7.38%
6 Months	1.99%	-4.32%
1 Year	12.59%	1.89%
2 Years	12.12%	6.18%
3 Years	16.63%	14.37%
4 Years	12.64%	9.87%
5 Years	14.02%	12.45%
7 Years	14.67%	13.0%
10 Years	15.09%	12.7%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 69.98%

Mid Cap 22.45%

Small Cap 5.03%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.93%

Bharat Electronics Ltd.5.66%

ICICI Bank Ltd.5.23%

State Bank of India4.14%

Top sectors

Financial 27.3%

Energy 9.45%

Automobile 8.36%

Capital Goods 8.06%

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 2.53%

Mutual Fund 0.12%

Other Holdings

Others 2.53%

Kotak Liquid - Plan A - Direct Plan-Growth 0.12%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Flexicap Fund	-2.69%	1.99%	12.59%	16.63%	14.02%	15.09%
HDFC Flexi Cap Fund	-3.19%	3.23%	11.78%	21.17%	20.75%	18.04%
Parag Parikh Flexi Cap Fund	-2.34%	1.27%	5.9%	19.36%	18.07%	18.03%
JM Flexicap Fund	-5.7%	-4.29%	-4.42%	19.05%	16.98%	17.12%
Franklin India Flexi Cap Fund	-4.64%	-1.15%	5.12%	17.55%	15.83%	14.67%
Edelweiss Flexi Cap Fund	-4.49%	2.5%	8.78%	18.25%	15.81%	15.71%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Flexicap Fund	12.22	0.91	0.88	1.26
HDFC Flexi Cap Fund	10.29	0.77	1.37	2.3
Parag Parikh Flexi Cap Fund	8.28	0.59	1.59	2.46
JM Flexicap Fund	14.77	1.03	0.89	1.23
Franklin India Flexi Cap Fund	12.11	0.92	0.95	1.38
Edelweiss Flexi Cap Fund	13.03	0.98	0.97	1.28

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak Flexicap Fund	N.A.	56,460 Cr	16 yrs 6 m	1.44%
HDFC Flexi Cap Fund	N.A.	96,295 Cr	31 yrs 1 m	1.33%
Parag Parikh Flexi Cap Fund	N.A.	1,33,309 Cr	12 yrs 8 m	1.28%
JM Flexicap Fund	N.A.	5,463 Cr	17 yrs 6 m	1.84%
Franklin India Flexi Cap Fund	N.A.	19,972 Cr	31 yrs 4 m	1.7%
Edelweiss Flexi Cap Fund	N.A.	3,127 Cr	11 yrs	1.89%

View all Flexi Cap funds

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

Alpha	1.63 vs. 3.93 Underperformed at beating benchmark
Sharpe	0.88 vs. 3.98 Poor risk-adjusted returns
Beta	0.91 vs. 0.82 More sensitive to market's ups & downs
Standard deviation	12.22 vs. 9.68 More volatile performance

Compare Kotak Flexicap Fund in detail with

About this fund

About Kotak Flexicap Fund

Kotak Flexicap Fund is a Flexi Cap mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 16 yrs 6 m, having been launched on 22/07/2009. Kotak Flexicap Fund has ₹56,460 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 Flexicap Fund as of 02/02/2026 is ₹85.84. The fund has an expense ratio of 1.44%, which is higher than what most other Flexi Cap funds charge.

Kotak Flexicap Fund returns of last 1-year are 10.78%. Since launch, it has delivered 14.00% average annual returns. The fund has doubled the money invested in it every 6 yrs.
Kotak Flexicap 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 average.
The fund has the majority of its money invested in Financial, Energy, Automobile, Capital Goods, Services sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Bharat Electronics Ltd., ICICI Bank Ltd., State Bank of India, Larsen & Toubro Ltd..

...

Fund AUM	56,460 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Harsha Upadhyaya

Mr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA. Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.

Investment objective

The scheme seeks to generate longterm capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors.

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 Flexicap Fund?

The current Net Asset Value (NAV) of the Kotak Flexicap Fund plan is approximately ₹85.845 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Flexicap Fund is a 16 yrs 6 m old fund and has delivered average annual returns of 13.91% since inception.

Kotak Flexicap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
12.59%	16.63%	14.02%	15.09%	13.91%

How much does this mutual fund charge as expense ratio?

The Kotak Flexicap Fund has an expense ratio of 1.44%, 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 Flexicap Fund currently has assets under management (AUM) or fund size valued at approximately 56,460 Cr as on Dec 31, 2025.

What are the top stock holdings of Kotak Flexicap Fund?

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

Company	Percentage of Portfolio
HDFC Bank Ltd.	6.93%
Bharat Electronics Ltd.	5.66%
ICICI Bank Ltd.	5.23%
State Bank of India	4.14%
Larsen & Toubro Ltd.	3.83%
Axis Bank Ltd.	3.6%
Jindal Steel Ltd.	3.55%
SRF Ltd.	3.4%
Eternal Ltd.	3.15%
Bharti Airtel Ltd.	3.08%

What are the top sectors Kotak Flexicap Fund has invested in?

The Kotak Flexicap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	27.3%
Energy	9.45%
Automobile	8.36%
Capital Goods	8.06%
Services	7.039999999999999%
Technology	6.9399999999999995%
Chemicals	6.68%
Materials	6.02%
Metals & Mining	5.49%
Construction	3.83%

What is risk level of Kotak Flexicap Fund?

This is a Flexi Cap 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 Flexicap Fund?

Redeeming your investments in the Kotak Flexicap 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 Flexi Cap

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Flexi Cap funds in the last 10 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.