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ELSS (tax saving) · Kotak Mahindra Mutual Fund · AMFI code 103338Kotak ELSS Tax Saver Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹6,071 Cr
down ₹313 Cr vs Aug 2026
- Stocks held
- 53
- up 1 vs Aug 2026
- Top 10 weight
- 37.3%
- of the portfolio in its ten largest
- Cash & debt
- 1.5%
- cash, money market and debt
- Moves this month
- 5 in · 4 out
- added to 8, trimmed 39
Kotak ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Kotak Mahindra Mutual Fund. In September 2026 it disclosed 53 stocks worth ₹6,071 Cr, down ₹313 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (7.0%), ICICI Bank Limited (5.0%), State Bank of India (5.0%); the ten largest together made up 37.3% of the portfolio, and Banks was the biggest sector at 23.3% of its equity. Cash and debt stood at 1.5%. Compared with Aug 2026 the fund entered 5 new stocks and exited 4.
Against 46 other ELSS (tax saving) funds
Concentration
28%
Top-10 weight is higher than 28% of peers
Breadth
43%
Holds more stocks than 43% of peers
Cash
20%
Holds more cash than 20% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 7.00%
- Δ weight
- up 0.34 pts
- Value
- ₹425 Cr
- Δ value
- down ₹18 L
- Status
- Held
- Weight
- 5.01%
- Δ weight
- down 0.23 pts
- Value
- ₹304 Cr
- Δ value
- down ₹30.4 Cr
- Status
- Trimmed
- Weight
- 4.98%
- Δ weight
- down 0.25 pts
- Value
- ₹302 Cr
- Δ value
- down ₹31.7 Cr
- Status
- Trimmed
- Weight
- 3.47%
- Δ weight
- up 0.07 pts
- Value
- ₹211 Cr
- Δ value
- down ₹6.6 Cr
- Status
- Trimmed
- Weight
- 3.16%
- Δ weight
- up 0.08 pts
- Value
- ₹192 Cr
- Δ value
- down ₹4.9 Cr
- Status
- Trimmed
- Weight
- 3.01%
- Δ weight
- down 0.05 pts
- Value
- ₹183 Cr
- Δ value
- down ₹12.5 Cr
- Status
- Trimmed
- Weight
- 2.76%
- Δ weight
- up 0.10 pts
- Value
- ₹168 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up 0.08 pts
- Value
- ₹163 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 2.59%
- Δ weight
- up 0.03 pts
- Value
- ₹157 Cr
- Δ value
- down ₹6.3 Cr
- Status
- Trimmed
- Weight
- 2.59%
- Δ weight
- up 0.50 pts
- Value
- ₹157 Cr
- Δ value
- up ₹23.5 Cr
- Status
- Added
- Weight
- 2.49%
- Δ weight
- down 0.12 pts
- Value
- ₹151 Cr
- Δ value
- down ₹15.4 Cr
- Status
- Trimmed
- Weight
- 2.48%
- Δ weight
- down 0.06 pts
- Value
- ₹150 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 2.39%
- Δ weight
- down 0.09 pts
- Value
- ₹145 Cr
- Δ value
- down ₹13.5 Cr
- Status
- Trimmed
- Weight
- 2.26%
- Δ weight
- up 0.70 pts
- Value
- ₹137 Cr
- Δ value
- up ₹37.6 Cr
- Status
- Added
- Weight
- 2.16%
- Δ weight
- up 0.02 pts
- Value
- ₹131 Cr
- Δ value
- down ₹5.8 Cr
- Status
- Trimmed
- Weight
- 2.08%
- Δ weight
- up 0.08 pts
- Value
- ₹126 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.02%
- Δ weight
- down 0.02 pts
- Value
- ₹123 Cr
- Δ value
- down ₹7.4 Cr
- Status
- Trimmed
- Weight
- 1.99%
- Δ weight
- up 0.07 pts
- Value
- ₹121 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.95%
- Δ weight
- up 0.06 pts
- Value
- ₹118 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- down 0.80 pts
- Value
- ₹118 Cr
- Δ value
- down ₹57.3 Cr
- Status
- Trimmed
- Weight
- 1.90%
- Δ weight
- up 0.32 pts
- Value
- ₹115 Cr
- Δ value
- up ₹14.7 Cr
- Status
- Added
- Weight
- 1.87%
- Δ weight
- up <0.01 pts
- Value
- ₹113 Cr
- Δ value
- down ₹5.8 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- up <0.01 pts
- Value
- ₹112 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- up 0.01 pts
- Value
- ₹104 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 1.70%
- Δ weight
- down 0.10 pts
- Value
- ₹103 Cr
- Δ value
- down ₹11.6 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.01 pts
- Value
- ₹103 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- up 0.32 pts
- Value
- ₹99.1 Cr
- Δ value
- up ₹15.3 Cr
- Status
- Added
- Weight
- 1.60%
- Δ weight
- down 0.04 pts
- Value
- ₹97.3 Cr
- Δ value
- down ₹7.4 Cr
- Status
- Trimmed
- DDB DEWAN HSG FINANCE CORPORATION LTDPiramal Finance Limited · history in this fund
- Weight
- 1.60%
- Δ weight
- down 0.11 pts
- Value
- ₹97.1 Cr
- Δ value
- down ₹12.2 Cr
- Status
- Trimmed
- Weight
- 1.56%
- Δ weight
- up 1.56 pts
- Value
- ₹94.5 Cr
- Δ value
- up ₹94.5 Cr
- Status
- New
- Weight
- 1.55%
- Δ weight
- up 0.07 pts
- Value
- ₹93.8 Cr
- Δ value
- down ₹54 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 1.51%
- Δ weight
- up 0.25 pts
- Value
- ₹91.4 Cr
- Δ value
- up ₹11.4 Cr
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.09 pts
- Value
- ₹83 Cr
- Δ value
- down ₹9.8 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- down 0.10 pts
- Value
- ₹81.1 Cr
- Δ value
- down ₹10.4 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- up 1.25 pts
- Value
- ₹75.8 Cr
- Δ value
- up ₹75.8 Cr
- Status
- New
- Weight
- 1.19%
- Δ weight
- down 1.15 pts
- Value
- ₹72.5 Cr
- Δ value
- down ₹77.2 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 0.01 pts
- Value
- ₹72.2 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 1.17%
- Δ weight
- down 0.04 pts
- Value
- ₹71.2 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.10 pts
- Value
- ₹69.9 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.30 pts
- Value
- ₹66.6 Cr
- Δ value
- up ₹15.6 Cr
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.55 pts
- Value
- ₹66.3 Cr
- Δ value
- up ₹31.6 Cr
- Status
- Added
- Weight
- 1.07%
- Δ weight
- down 0.07 pts
- Value
- ₹64.8 Cr
- Δ value
- down ₹8 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down 0.36 pts
- Value
- ₹64.6 Cr
- Δ value
- down ₹26.1 Cr
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- down 0.07 pts
- Value
- ₹62.5 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.05 pts
- Value
- ₹60.9 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.06 pts
- Value
- ₹58.2 Cr
- Δ value
- up ₹94 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.07 pts
- Value
- ₹57.6 Cr
- Δ value
- down ₹7.3 Cr
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- up 0.01 pts
- Value
- ₹52.2 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- up 0.01 pts
- Value
- ₹49.5 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- up 0.59 pts
- Value
- ₹35.7 Cr
- Δ value
- up ₹35.7 Cr
- Status
- New
- Weight
- 0.55%
- Δ weight
- down 0.09 pts
- Value
- ₹33.6 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- down <0.01 pts
- Value
- ₹27.2 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- up 0.36 pts
- Value
- ₹22.1 Cr
- Δ value
- up ₹22.1 Cr
- Status
- New
- Weight
- 0.27%
- Δ weight
- up 0.27 pts
- Value
- ₹16.3 Cr
- Δ value
- up ₹16.3 Cr
- Status
- New
What changed, Aug 2026 to Sep 2026
New New positions (5)
- Pine Labs Limited1.6% · ₹94.5 Cr
- AXISCADES Technologies Limited1.2% · ₹75.8 Cr
- Rentomojo Limited0.6% · ₹35.7 Cr
- National Stock Exchange Of India Ltd0.4% · ₹22.1 Cr
- Aditya Infotech Limited0.3% · ₹16.3 Cr
Exited Exited (4)
- MphasiS Limitedwas 1.5% · ₹97.1 Cr
- Bharat Petroleum Corporation Limitedwas 1.1% · ₹71.3 Cr
- Power Grid Corporation of India Limited
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 Aug 2026, the weight rose most in Financial Technology (fintech) (+1.6 pts) and Aerospace & Defense (+1.3 pts), and fell most in IT - Software (−1.6 pts) and Food Products (−1.2 pts).
- Financial Technology (fintech)0.0% → 1.6%new+1.6 pts
- Aerospace & Defense0.0% → 1.3%new+1.3 pts
- Retailing5.8% → 6.5%+0.7 pts
- Industrial Manufacturing1.6% → 2.2%+0.6 pts
- Commercial Services & Supplies0.0% → 0.6%new+0.6 pts
- Agricultural Food & Other Products0.6% → 1.1%+0.6 pts
- IT - Software4.6% → 3.1%−1.6 pts
- Food Products2.4% → 1.2%−1.2 pts
- Petroleum Products5.0% → 3.8%−1.1 pts
- Power3.8% → 2.8%−1.0 pts
- Auto Components2.8% → 2.0%−0.8 pts
- Banks23.8% → 23.3%−0.5 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 | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 23.8% | 23.3% |
| Pharmaceuticals & Biotechnology | 7.8% | 7.6% |
| Retailing | 5.8% | 6.5% |
| Finance | 6.9% | 6.5% |
| Construction | 5.8% | 6.2% |
| Automobiles | 6.1% | 6.1% |
| Chemicals & Petrochemicals | 4.8% | 4.9% |
| Telecom - Services | 4.3% | 4.4% |
| Petroleum Products | 5.0% | 3.8% |
| Consumer Durables | 2.8% | 3.2% |
Allocation in Sep 2026change vs Aug 2026
- Banks (7)23.3%▼ 0.5 pts
- Pharmaceuticals & Biotechnology (4)7.6%▼ 0.2 pts
- Retailing (3)6.5%▲ 0.7 pts
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.
Cash & debt, Sep 2026
1.5%
▲ 0.3 pts vs Aug 2026
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.5% – 1.5%
- lowest to highest · record 1.5% in Sep 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.