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Sectoral / Thematic · Kotak Mahindra Mutual Fund · AMFI code 148602Kotak ESG Exclusionary Strategy Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹685 Cr
down ₹55.9 Cr vs Aug 2026
- Stocks held
- 45
- down 2 vs Aug 2026
- Top 10 weight
- 50.0%
- of the portfolio in its ten largest
- Cash & debt
- 0.7%
- cash, money market and debt
- Moves this month
- 1 in · 3 out
- added to 5, trimmed 38
Kotak ESG Exclusionary Strategy Fund is an active equity fund in the Sectoral / Thematic category from Kotak Mahindra Mutual Fund. In September 2026 it disclosed 45 stocks worth ₹685 Cr, down ₹55.9 Cr from Aug 2026. Its largest positions were Bharti Airtel Limited (7.7%), ICICI Bank Limited (6.9%), HDFC Bank Limited (5.3%); the ten largest together made up 50.0% of the portfolio, and Banks was the biggest sector at 23.0% of its equity. Cash and debt stood at 0.7%. Compared with Aug 2026 the fund entered 1 new stock and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
60%
Top-10 weight is higher than 60% of peers
Breadth
54%
Holds more stocks than 54% of peers
Cash
9%
Holds more cash than 9% 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
- 7.70%
- Δ weight
- up 0.36 pts
- Value
- ₹52.7 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 6.95%
- Δ weight
- down 0.12 pts
- Value
- ₹47.6 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 5.28%
- Δ weight
- up 0.40 pts
- Value
- ₹36.1 Cr
- Δ value
- down ₹2 L
- Status
- Held
- Weight
- 4.83%
- Δ weight
- up 0.09 pts
- Value
- ₹33.1 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 4.45%
- Δ weight
- up 0.02 pts
- Value
- ₹30.5 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 4.36%
- Δ weight
- down 0.24 pts
- Value
- ₹29.8 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 4.21%
- Δ weight
- up 0.22 pts
- Value
- ₹28.8 Cr
- Δ value
- down ₹73 L
- Status
- Trimmed
- Weight
- 4.20%
- Δ weight
- down 0.08 pts
- Value
- ₹28.8 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 4.13%
- Δ weight
- up 0.08 pts
- Value
- ₹28.3 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 3.87%
- Δ weight
- down 0.17 pts
- Value
- ₹26.5 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 3.84%
- Δ weight
- up 0.13 pts
- Value
- ₹26.3 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 3.78%
- Δ weight
- down 0.08 pts
- Value
- ₹25.9 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 3.32%
- Δ weight
- up 0.22 pts
- Value
- ₹22.8 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 2.64%
- Δ weight
- up 0.10 pts
- Value
- ₹18.1 Cr
- Δ value
- down ₹72 L
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- up 0.04 pts
- Value
- ₹15.3 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 2.14%
- Δ weight
- up 0.01 pts
- Value
- ₹14.6 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 2.00%
- Δ weight
- up 0.10 pts
- Value
- ₹13.7 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.98%
- Δ weight
- down 0.16 pts
- Value
- ₹13.5 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.82%
- Δ weight
- down 0.03 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 1.80%
- Δ weight
- down <0.01 pts
- Value
- ₹12.3 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.64%
- Δ weight
- up 0.01 pts
- Value
- ₹11.2 Cr
- Δ value
- down ₹81 L
- Status
- Trimmed
- Weight
- 1.57%
- Δ weight
- up 0.07 pts
- Value
- ₹10.7 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- down 0.01 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- down 0.02 pts
- Value
- ₹10.1 Cr
- Δ value
- down ₹96 L
- Status
- Trimmed
- Weight
- 1.21%
- Δ weight
- up 0.04 pts
- Value
- ₹8.3 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 0.05 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 0.14 pts
- Value
- ₹8.1 Cr
- Δ value
- up ₹38 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.04 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down 0.03 pts
- Value
- ₹7.3 Cr
- Δ value
- down ₹84 L
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 0.12 pts
- Value
- ₹7 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.14 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.01 pts
- Value
- ₹6.6 Cr
- Δ value
- down ₹45 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.03 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹73 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down <0.01 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹51 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.04 pts
- Value
- ₹6 Cr
- Δ value
- down ₹79 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.33 pts
- Value
- ₹5.7 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 0.76%
- Δ weight
- up 0.03 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.01 pts
- Value
- ₹4.9 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.71%
- Δ weight
- down 1.24 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹9.6 Cr
- Status
- Trimmed
- Kotak Bluechip Fund - Direct GrowthFund units
- Weight
- 0.62%
- Δ weight
- up 0.05 pts
- Value
- ₹4.3 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 0.59%
- Δ weight
- up 0.45 pts
- Value
- ₹4 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 0.50%
- Δ weight
- down 0.02 pts
- Value
- ₹3.4 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.01 pts
- Value
- ₹3.3 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 0.44%
- Δ weight
- up 0.03 pts
- Value
- ₹3 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.44%
- Δ weight
- up 0.01 pts
- Value
- ₹3 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- down 0.01 pts
- Value
- ₹2.8 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 0.35%
- Δ weight
- up 0.35 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹2.4 Cr
- Status
- New
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Reliance Industries Limited0.3% · ₹2.4 Cr
Exited Exited (3)
- Bharat Petroleum Corporation Limitedwas 0.7% · ₹4.9 Cr
- Hindustan Petroleum Corporation Limitedwas 0.4% · ₹3.3 Cr
- APL Apollo Tubes Limitedwas 0.3% · ₹2 Cr
Added Biggest additions
- CRISIL Limitedup ₹3 Cr (+0.45% pts)
- GAIL (India) Limitedup ₹2 Cr (+0.33% pts)
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 Gas (+0.3 pts) and Retailing (+0.3 pts), and fell most in Petroleum Products (−0.8 pts) and IT - Software (−0.5 pts).
- Gas0.5% → 0.8%+0.3 pts
- Retailing8.9% → 9.3%+0.3 pts
- Telecom - Services8.7% → 9.0%+0.3 pts
- Chemicals & Petrochemicals4.4% → 4.6%+0.2 pts
- Finance10.2% → 10.4%+0.2 pts
- Auto Components6.0% → 6.1%+0.1 pts
- Petroleum Products1.1% → 0.4%−0.8 pts
- IT - Software8.6% → 8.1%−0.5 pts
- Industrial Products0.3% → 0.0%exited−0.3 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 | 22.9% | 23.0% |
| Finance | 10.2% | 10.4% |
| Retailing | 8.9% | 9.3% |
| Telecom - Services | 8.7% | 9.0% |
| IT - Software | 8.6% | 8.1% |
| Auto Components | 6.0% | 6.1% |
| Cement & Cement Products | 5.9% | 6.0% |
| Chemicals & Petrochemicals | 4.4% | 4.6% |
| Automobiles | 4.5% | 4.5% |
| Construction | 4.5% | 4.5% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)23.0%
- Finance (4)10.4%▲ 0.2 pts
- Retailing (5)9.3%▲ 0.3 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
0.7%
▼ 1.2 pts vs Aug 2026
- Cash alone
- 0.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.7% – 3.4%
- lowest to highest · record 3.4% in Jul 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.