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Value / Contra · Kotak Mahindra Mutual Fund · AMFI code 103039Kotak Contra Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹5,511 Cr
up ₹61 Cr vs Jul 2026
- Stocks held
- 61
- unchanged
- Top 10 weight
- 31.3%
- of the portfolio in its ten largest
- Cash & debt
- 1.7%
- cash, money market and debt
- Moves this month
- 4 in · 4 out
- added to 10, trimmed 23
Kotak Contra Fund is an active equity fund in the Value / Contra category from Kotak Mahindra Mutual Fund. In August 2026 it disclosed 61 stocks worth ₹5,511 Cr, up ₹61 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (6.2%), HDFC Bank Limited (3.9%), State Bank of India (3.4%); the ten largest together made up 31.3% of the portfolio, and Banks was the biggest sector at 21.3% of its equity. Cash and debt stood at 1.7%. Compared with Jul 2026 the fund entered 4 new stocks and exited 4.
Against 26 other Value / Contra funds
Concentration
31%
Top-10 weight is higher than 31% of peers
Breadth
50%
Holds more stocks than 50% of peers
Cash
19%
Holds more cash than 19% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.16% | up 0.01 pts | ₹339 Cr | up ₹4.3 Cr | Added |
| HDFC Bank Limited | 3.92% | down 0.26 pts | ₹216 Cr | down ₹11.9 Cr | Trimmed |
| State Bank of India | 3.37% | up 0.07 pts | ₹186 Cr | up ₹5.7 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.89% | up 0.13 pts | ₹160 Cr | up ₹9.1 Cr | Added |
| Reliance Industries Limited | 2.74% | down 0.10 pts | ₹151 Cr | down ₹3.6 Cr | Trimmed |
| Hero MotoCorp Limited | 2.62% | up <0.01 pts | ₹144 Cr | up ₹1.7 Cr | Added |
| Larsen & Toubro Limited | 2.54% | up 0.04 pts | ₹140 Cr | up ₹3.7 Cr | Added |
| Swiggy Limited | 2.40% | up 0.09 pts | ₹132 Cr | up ₹6.3 Cr | Added |
| Bharti Airtel Limited | 2.36% | down 0.24 pts | ₹130 Cr | down ₹11.5 Cr | Trimmed |
| NTPC Limited | 2.35% | down 0.17 pts | ₹129 Cr | down ₹7.9 Cr | Trimmed |
| Fortis Healthcare Limited | 2.20% | down 0.12 pts | ₹121 Cr | down ₹5.1 Cr | Trimmed |
| MphasiS Limited | 2.12% | up 0.18 pts | ₹117 Cr | up ₹11.1 Cr | Added |
| Tech Mahindra Limited | 2.12% | down 0.16 pts | ₹117 Cr | down ₹7.5 Cr | Trimmed |
| Maruti Suzuki India Limited | 2.09% | down 0.13 pts | ₹115 Cr | down ₹5.8 Cr | Trimmed |
| Poonawalla Fincorp Limited | 2.06% | down 0.02 pts | ₹114 Cr | up ₹6 L | Held |
| Infosys Limited | 1.97% | up 0.18 pts | ₹109 Cr | up ₹11.1 Cr | Added |
| UltraTech Cement Limited | 1.82% | down 0.09 pts | ₹100 Cr | down ₹4 Cr | Trimmed |
| Park Medi World Ltd. | 1.74% | down 0.06 pts | ₹96 Cr | down ₹2 Cr | Trimmed |
| Indian Bank | 1.72% | up 0.10 pts | ₹94.5 Cr | up ₹6.5 Cr | Added |
| Cash, TREPS & receivables | 1.71% | up 0.34 pts | ₹94.1 Cr | up ₹19.5 Cr | Added |
| Indus Towers Limited | 1.67% | down 0.03 pts | ₹92.1 Cr | down ₹55 L | Trimmed |
| Global Health Limited | 1.65% | up 0.06 pts | ₹90.7 Cr | up ₹4.5 Cr | Added |
| IPCA Laboratories Limited | 1.62% | down 0.01 pts | ₹89.5 Cr | up ₹68 L | Added |
| Sun Pharmaceutical Industries Limited | 1.59% | up 0.57 pts | ₹87.7 Cr | up ₹32 Cr | Added |
| Bajaj Finance Limited | 1.55% | down 0.72 pts | ₹85.4 Cr | down ₹38.2 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.53% | up 0.15 pts | ₹84 Cr | up ₹8.9 Cr | Added |
| IndusInd Bank Limited | 1.52% | down 0.01 pts | ₹83.9 Cr | up ₹34 L | Held |
| Bharat Electronics Limited | 1.51% | up 0.08 pts | ₹83.2 Cr | up ₹5.3 Cr | Added |
| The Jammu & Kashmir Bank Limited | 1.50% | down 0.10 pts | ₹82.9 Cr | down ₹4.7 Cr | Trimmed |
| Axis Bank Limited | 1.48% | up 0.06 pts | ₹81.6 Cr | up ₹4.4 Cr | Added |
| V-Guard Industries Limited | 1.47% | up 1.47 pts | ₹81 Cr | up ₹81 Cr | New |
| Schaeffler India Limited | 1.37% | down 0.04 pts | ₹75.8 Cr | down ₹1.2 Cr | Trimmed |
| Jindal Steel & Power Limited | 1.37% | up 0.09 pts | ₹75.5 Cr | up ₹5.7 Cr | Added |
| Dalmia Bharat Limited | 1.33% | up 0.03 pts | ₹73.2 Cr | up ₹2.2 Cr | Added |
| InterGlobe Aviation Limited | 1.30% | up <0.01 pts | ₹71.9 Cr | up ₹86 L | Added |
| KEI Industries Limited | 1.29% | up 0.15 pts | ₹71.2 Cr | up ₹9.2 Cr | Added |
| Radico Khaitan Limited | 1.28% | down 0.30 pts | ₹70.7 Cr | down ₹15.3 Cr | Trimmed |
| Bank of Maharashtra | 1.28% | up 0.32 pts | ₹70.7 Cr | up ₹18.2 Cr | Added |
| INDO-MIM Ltd. | 1.28% | up 0.13 pts | ₹70.7 Cr | up ₹8 Cr | Added |
| SRF Limited | 1.27% | down 0.05 pts | ₹69.9 Cr | down ₹1.7 Cr | Trimmed |
| Astra Microwave Products Limited | 1.22% | down 0.16 pts | ₹67.3 Cr | down ₹7.9 Cr | Trimmed |
| Ashok Leyland Limited | 1.19% | up 0.05 pts | ₹65.7 Cr | up ₹3.5 Cr | Added |
| GE Vernova T&D India Limited | 1.18% | up 0.02 pts | ₹65.1 Cr | up ₹1.8 Cr | Added |
| Kalpataru Projects International Limited | 1.13% | up 0.08 pts | ₹62.5 Cr | up ₹5 Cr | Added |
| Ajanta Pharma Limited | 1.12% | up 0.03 pts | ₹61.7 Cr | up ₹2.3 Cr | Added |
| Metropolis Healthcare Limited | 1.11% | down 0.01 pts | ₹61.3 Cr | down ₹1 L | Held |
| UNO Minda Limited | 1.10% | up 0.07 pts | ₹60.9 Cr | up ₹4.6 Cr | Added |
| Century Plyboards (India) Limited | 1.10% | down 0.07 pts | ₹60.3 Cr | down ₹3.4 Cr | Trimmed |
| Tata Steel Limited | 1.03% | down 0.04 pts | ₹57 Cr | down ₹1.6 Cr | Trimmed |
| MOLBIO DIAGNOSTICS LIMITED | 1.02% | up 1.02 pts | ₹56.4 Cr | up ₹56.4 Cr | New |
What changed, Jul 2026 to Aug 2026
New New positions (4)
- V-Guard Industries Limited1.5% · ₹81 Cr
- MOLBIO DIAGNOSTICS LIMITED1.0% · ₹56.4 Cr
- Sequent Scientific Limited0.9% · ₹52.1 Cr
- Lumino Industries Limited0.2% · ₹10 Cr
Exited Exited (4)
- Torrent Pharmaceuticals Limitedwas 1.0% · ₹54.2 Cr
- Jubilant Pharmova Limitedwas 1.0% · ₹54.1 Cr
- Balrampur Chini Mills Limitedwas 0.7% · ₹37.3 Cr
- LG Electronics India Ltd
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Healthcare Equipment & Supplies (+1.0 pts) and Consumer Durables (+0.8 pts), and fell most in Finance (−1.2 pts) and Agricultural Food & Other Products (−0.7 pts).
- Healthcare Equipment & Supplies0.0% → 1.0%new+1.0 pts
- Consumer Durables1.8% → 2.6%+0.8 pts
- Auto Components3.0% → 3.5%+0.5 pts
- Industrial Products1.2% → 1.5%+0.3 pts
- Banks21.1% → 21.3%+0.3 pts
- IT - Software6.1% → 6.3%+0.2 pts
- Finance11.4% → 10.3%−1.2 pts
- Agricultural Food & Other Products0.7% → 0.0%exited−0.7 pts
- Pharmaceuticals & Biotechnology5.8% → 5.4%−0.4 pts
- Beverages1.6% → 1.3%−0.3 pts
- Telecom - Services4.4% → 4.1%−0.3 pts
- Personal Products1.2% → 1.0%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jul 2026 | Aug 2026 |
|---|---|---|
| Banks | 21.1% | 21.3% |
| Finance | 11.4% | 10.3% |
| Healthcare Services | 6.9% | 6.8% |
| IT - Software | 6.1% | 6.3% |
| Pharmaceuticals & Biotechnology | 5.8% | 5.4% |
| Automobiles | 4.9% | 4.8% |
| Telecom - Services | 4.4% | 4.1% |
| Construction | 3.6% | 3.7% |
| Auto Components | 3.0% | 3.5% |
| Cement & Cement Products | 3.3% | 3.2% |
Allocation in Aug 2026change vs Jul 2026
- Banks (8)21.3%▲ 0.3 pts
- Finance (7)10.3%▼ 1.2 pts
- Healthcare Services (4)
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Aug 2026
1.7%
▲ 0.3 pts vs Jul 2026
- Cash alone
- 1.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.4% – 1.7%
- lowest to highest · record 1.7% in Aug 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.