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Mid Cap · Kotak Mahindra Mutual Fund · AMFI code 104907Kotak Mid Cap Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹66,613 Cr
down ₹4,643 Cr vs Aug 2026
- Stocks held
- 70
- up 2 vs Aug 2026
- Top 10 weight
- 27.7%
- of the portfolio in its ten largest
- Cash & debt
- 1.9%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 7, trimmed 57
Kotak Mid Cap Fund is an active equity fund in the Mid Cap category from Kotak Mahindra Mutual Fund. In September 2026 it disclosed 70 stocks worth ₹66,613 Cr, down ₹4,643 Cr from Aug 2026. Its largest positions were IPCA Laboratories Limited (3.6%), Fortis Healthcare Limited (3.5%), Vishal Mega Mart Limited (3.0%); the ten largest together made up 27.7% of the portfolio, and Finance was the biggest sector at 10.3% of its equity. Cash and debt stood at 1.9%. Compared with Aug 2026 the fund entered 4 new stocks and exited 2.
Against 32 other Mid Cap funds
Concentration
50%
Top-10 weight is higher than 50% of peers
Breadth
47%
Holds more stocks than 47% of peers
Cash
16%
Holds more cash than 16% 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.
| IPCA Laboratories Limited | 3.57% | up 0.15 pts | ₹2,379 Cr | down ₹59.1 Cr | Trimmed |
| Fortis Healthcare Limited | 3.49% | down 0.09 pts | ₹2,322 Cr | down ₹226 Cr | Trimmed |
| Vishal Mega Mart Limited | 3.04% | down 0.07 pts | ₹2,025 Cr | down ₹193 Cr | Trimmed |
| L&T Finance Limited | 2.71% | down 0.14 pts | ₹1,807 Cr | down ₹229 Cr | Trimmed |
| The Federal Bank Limited | 2.62% | down 0.13 pts | ₹1,747 Cr | down ₹216 Cr | Trimmed |
| MphasiS Limited | 2.57% | down 0.14 pts | ₹1,710 Cr | down ₹217 Cr | Trimmed |
| KEI Industries Limited | 2.45% | down 0.50 pts | ₹1,632 Cr | down ₹471 Cr | Trimmed |
| GE Vernova T&D India Limited | 2.45% | up 0.03 pts | ₹1,631 Cr | down ₹94.8 Cr | Trimmed |
| Dixon Technologies (India) Limited | 2.44% | up 0.33 pts | ₹1,627 Cr | up ₹120 Cr | Added |
| Solar Industries India Limited | 2.41% | up 0.11 pts | ₹1,602 Cr | down ₹33.2 Cr | Trimmed |
| Schaeffler India Limited | 2.36% | up 0.15 pts | ₹1,575 Cr | down ₹5 Cr | Held |
| Indian Bank | 2.24% | down 0.10 pts | ₹1,494 Cr | down ₹172 Cr | Trimmed |
| Bank of Maharashtra | 2.16% | up 0.07 pts | ₹1,439 Cr | down ₹49 Cr | Trimmed |
| Oberoi Realty Limited | 2.11% | up 0.02 pts | ₹1,406 Cr | down ₹81.4 Cr | Trimmed |
| Bharti Hexacom Limited | 2.00% | down 0.03 pts | ₹1,331 Cr | down ₹113 Cr | Trimmed |
| Bharat Electronics Limited | 1.96% | up <0.01 pts | ₹1,304 Cr | down ₹87.8 Cr | Trimmed |
| Cash, TREPS & receivables | 1.85% | down 1.49 pts | ₹1,234 Cr | down ₹1,150 Cr | Trimmed |
| Global Health Limited | 1.82% | down 0.02 pts | ₹1,213 Cr | down ₹102 Cr | Trimmed |
| Eternal Limited | 1.72% | up 0.07 pts | ₹1,146 Cr | down ₹29 Cr | Trimmed |
| Nuvama Wealth Management Limited | 1.60% | up 0.01 pts | ₹1,067 Cr | down ₹65.3 Cr | Trimmed |
| Persistent Systems Limited | 1.60% | up 0.01 pts | ₹1,066 Cr | down ₹63.7 Cr | Trimmed |
| Gland Pharma Limited | 1.60% | up 1.60 pts | ₹1,063 Cr | up ₹1,063 Cr | New |
| Swiggy Limited | 1.55% | down 0.08 pts | ₹1,035 Cr | down ₹132 Cr | Trimmed |
| Aster DM Healthcare Limited | 1.54% | down 0.02 pts | ₹1,026 Cr | down ₹86.6 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 1.53% | down 0.04 pts | ₹1,017 Cr | down ₹97.3 Cr | Trimmed |
| Coromandel International Limited | 1.51% | down 0.02 pts | ₹1,007 Cr | down ₹84.6 Cr | Trimmed |
| SRF Limited | 1.51% | up 0.05 pts | ₹1,003 Cr | down ₹35.7 Cr | Trimmed |
| Oracle Financial Services Software Limited | 1.49% | down 0.15 pts | ₹995 Cr | down ₹179 Cr | Trimmed |
| HDB Financial Services Limited | 1.46% | down 0.04 pts | ₹971 Cr | down ₹95.4 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 1.41% | up 0.09 pts | ₹940 Cr | down ₹1.8 Cr | Held |
| Apar Industries Limited | 1.34% | down 0.11 pts | ₹893 Cr | down ₹143 Cr | Trimmed |
| Poonawalla Fincorp Limited | 1.31% | up 0.03 pts | ₹873 Cr | down ₹39.2 Cr | Trimmed |
| METRO BRANDS LTD | 1.29% | up 0.22 pts | ₹857 Cr | up ₹94.2 Cr | Added |
| Emcure Pharmaceuticals Limited | 1.26% | up 0.14 pts | ₹838 Cr | up ₹37.8 Cr | Added |
| Torrent Pharmaceuticals Limited | 1.25% | up 0.02 pts | ₹830 Cr | down ₹46 Cr | Trimmed |
| Bharat Forge Limited | 1.22% | down 0.03 pts | ₹814 Cr | down ₹75.6 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.22% | down 0.06 pts | ₹812 Cr | down ₹102 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 1.22% | up 0.03 pts | ₹810 Cr | down ₹35.6 Cr | Trimmed |
| Max Financial Services Limited | 1.18% | down 0.08 pts | ₹785 Cr | down ₹114 Cr | Trimmed |
| Dalmia Bharat Limited | 1.17% | down 0.04 pts | ₹782 Cr | down ₹80.1 Cr | Trimmed |
| Blue Star Limited | 1.15% | up 0.06 pts | ₹765 Cr | down ₹9.4 Cr | Trimmed |
| JK Cement Limited | 1.08% | up 0.05 pts | ₹718 Cr | down ₹16.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.07% | down 0.08 pts | ₹712 Cr | down ₹104 Cr | Trimmed |
| Biocon Limited | 1.03% | down 0.04 pts | ₹687 Cr | down ₹77.4 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.02% | up 0.08 pts | ₹678 Cr | up ₹9.8 Cr | Added |
| Max Healthcare Institute Limited | 1.01% | up 0.09 pts | ₹673 Cr | up ₹15.7 Cr | Added |
| ZF Commercial Vehicle Control Systems India Limited | 0.99% | down 0.01 pts | ₹657 Cr | down ₹52.9 Cr | Trimmed |
| PI Industries Limited | 0.99% | down 0.05 pts | ₹657 Cr | down ₹80.4 Cr | Trimmed |
| REC Limited | 0.98% | down 0.01 pts | ₹650 Cr | down ₹52.9 Cr | Trimmed |
| Deepak Nitrite Limited | 0.94% | down 0.06 pts | ₹624 Cr | down ₹89.6 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (4)
- Gland Pharma Limited1.6% · ₹1,063 Cr
- Avalon Technologies Limited0.8% · ₹552 Cr
- MOLBIO DIAGNOSTICS LIMITED0.5% · ₹360 Cr
- Aditya Infotech Limited0.3% · ₹227 Cr
Exited Exited (2)
- Power Finance Corporation Limitedwas 0.7% · ₹494 Cr
- BSE Limitedwas 0.6% · ₹414 Cr
Added Biggest additions
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 Pharmaceuticals & Biotechnology (+1.7 pts) and Electrical Equipment (+0.7 pts), and fell most in Finance (−1.2 pts) and Capital Markets (−0.7 pts).
- Pharmaceuticals & Biotechnology8.1% → 9.8%+1.7 pts
- Electrical Equipment4.0% → 4.7%+0.7 pts
- Healthcare Equipment & Supplies0.0% → 0.6%new+0.6 pts
- Consumer Durables5.3% → 5.8%+0.5 pts
- Industrial Manufacturing0.0% → 0.3%new+0.3 pts
- Finance11.4% → 10.3%−1.2 pts
- Capital Markets6.3% → 5.5%−0.7 pts
- Industrial Products5.1% → 4.5%−0.5 pts
- IT - Software6.9% → 6.6%−0.4 pts
- Retailing7.6% → 7.3%−0.3 pts
- Banks8.0% → 7.8%−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 | Aug 2026 | Sep 2026 |
|---|---|---|
| Finance | 11.4% | 10.3% |
| Pharmaceuticals & Biotechnology | 8.1% | 9.8% |
| Healthcare Services | 9.1% | 8.9% |
| Banks | 8.0% | 7.8% |
| Retailing | 7.6% | 7.3% |
| IT - Software | 6.9% | 6.6% |
| Consumer Durables | 5.3% | 5.8% |
| Capital Markets | 6.3% | 5.5% |
| Auto Components | 5.0% | 5.0% |
| Chemicals & Petrochemicals | 4.9% | 4.9% |
Allocation in Sep 2026change vs Aug 2026
- Finance (8)10.3%▼ 1.2 pts
- Pharmaceuticals & Biotechnology (6)9.8%▲ 1.7 pts
- Healthcare Services (6)8.9%▼ 0.2 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
1.9%
▼ 1.5 pts vs Aug 2026
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.9% – 3.3%
- lowest to highest · record 3.3% 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.