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Sectoral / Thematic · Kotak Mahindra Mutual Fund · AMFI code 152910Kotak MNC Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹2,246 Cr
down ₹62.8 Cr vs Aug 2026
- Stocks held
- 45
- up 1 vs Aug 2026
- Top 10 weight
- 38.0%
- of the portfolio in its ten largest
- Cash & debt
- 0.5%
- cash, money market and debt
- Moves this month
- 3 in · 2 out
- added to 7, trimmed 34
Kotak MNC Fund is an active equity fund in the Sectoral / Thematic category from Kotak Mahindra Mutual Fund. In September 2026 it disclosed 45 stocks worth ₹2,246 Cr, down ₹62.8 Cr from Aug 2026. Its largest positions were MTAR Technologies Limited (4.9%), INDO-MIM Ltd. (4.7%), Acutaas Chemicals Limited (4.4%); the ten largest together made up 38.0% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 18.1% of its equity. Cash and debt stood at 0.5%. Compared with Aug 2026 the fund entered 3 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
54%
Holds more stocks than 54% of peers
Cash
7%
Holds more cash than 7% 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.
| MTAR Technologies Limited | 4.86% | up 0.59 pts | ₹109 Cr | up ₹10.5 Cr | Added |
| INDO-MIM Ltd. | 4.70% | up 1.53 pts | ₹106 Cr | up ₹32.4 Cr | Added |
| Acutaas Chemicals Limited | 4.38% | up 0.27 pts | ₹98.4 Cr | up ₹3.6 Cr | Added |
| Azad Engineering Ltd | 4.35% | up 0.26 pts | ₹97.8 Cr | up ₹3.3 Cr | Added |
| GE Vernova T&D India Limited | 3.37% | down 0.10 pts | ₹75.6 Cr | down ₹4.4 Cr | Trimmed |
| Hindustan Unilever Limited | 3.35% | down 0.91 pts | ₹75.2 Cr | down ₹23.2 Cr | Trimmed |
| Oracle Financial Services Software Limited | 3.31% | down 0.49 pts | ₹74.4 Cr | down ₹13.4 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 3.23% | down 0.20 pts | ₹72.7 Cr | down ₹6.7 Cr | Trimmed |
| Britannia Industries Limited | 3.23% | down 0.53 pts | ₹72.5 Cr | down ₹14.2 Cr | Trimmed |
| Nestle India Limited | 3.21% | down 0.36 pts | ₹72.1 Cr | down ₹10.3 Cr | Trimmed |
| Maruti Suzuki India Limited | 3.20% | down 1.79 pts | ₹71.8 Cr | down ₹43.3 Cr | Trimmed |
| Samvardhana Motherson International Limited | 3.05% | down 0.05 pts | ₹68.6 Cr | down ₹3.1 Cr | Trimmed |
| Divi's Laboratories Limited | 2.98% | up 0.03 pts | ₹66.9 Cr | down ₹1.3 Cr | Trimmed |
| Marksans Pharma Limited | 2.87% | up 0.08 pts | ₹64.5 Cr | up ₹14 L | Held |
| Ashok Leyland Limited | 2.75% | down 0.30 pts | ₹61.7 Cr | down ₹8.6 Cr | Trimmed |
| Hyundai Motor India Ltd | 2.71% | up 2.71 pts | ₹60.9 Cr | up ₹60.9 Cr | New |
| AXISCADES Technologies Limited | 2.48% | up 2.48 pts | ₹55.8 Cr | up ₹55.8 Cr | New |
| United Spirits Limited | 2.47% | down 0.17 pts | ₹55.5 Cr | down ₹5.6 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 2.29% | down 0.15 pts | ₹51.4 Cr | down ₹4.9 Cr | Trimmed |
| ROSSELL TECHSYS LTD. | 2.28% | up 0.64 pts | ₹51.1 Cr | up ₹13.4 Cr | Added |
| Cummins India Limited | 2.12% | down 0.09 pts | ₹47.6 Cr | down ₹3.4 Cr | Trimmed |
| ZF Commercial Vehicle Control Systems India Limited | 2.04% | down 0.11 pts | ₹45.8 Cr | down ₹3.8 Cr | Trimmed |
| Schaeffler India Limited | 2.03% | down <0.01 pts | ₹45.6 Cr | down ₹1.4 Cr | Trimmed |
| Tenneco Clean Air India Limited | 1.89% | down 0.03 pts | ₹42.5 Cr | down ₹1.8 Cr | Trimmed |
| Siemens Limited | 1.88% | down 0.10 pts | ₹42.3 Cr | down ₹3.5 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.77% | down 0.05 pts | ₹39.8 Cr | down ₹2.3 Cr | Trimmed |
| Vedanta Limited | 1.73% | down 0.08 pts | ₹38.9 Cr | down ₹2.9 Cr | Trimmed |
| Grindwell Norton Ltd. | 1.62% | up 0.02 pts | ₹36.4 Cr | down ₹53 L | Trimmed |
| ABB India Limited | 1.55% | down 0.15 pts | ₹34.8 Cr | down ₹4.4 Cr | Trimmed |
| Fortis Healthcare Limited | 1.51% | down 0.22 pts | ₹33.9 Cr | down ₹6 Cr | Trimmed |
| Garware Technical Fibres Limited | 1.37% | down 0.04 pts | ₹30.8 Cr | down ₹1.7 Cr | Trimmed |
| Aster DM Healthcare Limited | 1.33% | down 0.07 pts | ₹30 Cr | down ₹2.5 Cr | Trimmed |
| Sequent Scientific Limited | 1.30% | down 0.11 pts | ₹29.1 Cr | down ₹3.4 Cr | Trimmed |
| Tata Technologies Limited | 1.26% | down 0.18 pts | ₹28.3 Cr | down ₹4.9 Cr | Trimmed |
| Hindalco Industries Limited | 1.26% | down 0.06 pts | ₹28.3 Cr | down ₹2.2 Cr | Trimmed |
| Aptus Value Housing Finance India Limited | 1.24% | down 0.05 pts | ₹27.9 Cr | down ₹2 Cr | Trimmed |
| Anthem Biosciences Limited | 1.19% | down 0.01 pts | ₹26.8 Cr | down ₹1.1 Cr | Trimmed |
| IGARASHI MOTORS INDIA LTD. | 1.17% | down 0.01 pts | ₹26.2 Cr | down ₹1.1 Cr | Trimmed |
| Orchid Pharma Limited | 1.15% | up 0.06 pts | ₹25.9 Cr | up ₹68 L | Added |
| PI Industries Limited | 1.03% | up <0.01 pts | ₹23.1 Cr | down ₹60 L | Trimmed |
| Hero Motors Ltd | 0.97% | up 0.97 pts | ₹21.8 Cr | up ₹21.8 Cr | New |
| Sai Life Sciences Limited | 0.95% | up 0.07 pts | ₹21.3 Cr | up ₹91 L | Added |
| Midwest Limited | 0.94% | down 0.18 pts | ₹21 Cr | down ₹4.7 Cr | Trimmed |
| IndusInd Bank Limited | 0.88% | down 0.09 pts | ₹19.8 Cr | down ₹2.5 Cr | Trimmed |
| Cash, TREPS & receivables | 0.46% | down 0.55 pts | ₹10.4 Cr | down ₹12.9 Cr | Trimmed |
| SBI Funds Management Limited | 0.30% | down 0.03 pts | ₹6.7 Cr | down ₹80 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Hyundai Motor India Ltd2.7% · ₹60.9 Cr
- AXISCADES Technologies Limited2.5% · ₹55.8 Cr
- Hero Motors Ltd1.0% · ₹21.8 Cr
Exited Exited (2)
- Bosch Limitedwas 2.4% · ₹55 Cr
- KSB Limitedwas 0.1% · ₹1.9 Cr
Added Biggest additions
- INDO-MIM Ltd.up ₹32.4 Cr (+1.53% pts)
- ROSSELL TECHSYS 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 Aug 2026, the weight rose most in Aerospace & Defense (+3.7 pts) and Industrial Manufacturing (+1.5 pts), and fell most in Auto Components (−1.7 pts) and Diversified FMCG (−0.9 pts).
- Aerospace & Defense6.0% → 9.7%+3.7 pts
- Industrial Manufacturing3.2% → 4.7%+1.5 pts
- Automobiles5.0% → 5.9%+0.9 pts
- Auto Components11.7% → 10.0%−1.7 pts
- Diversified FMCG4.3% → 3.4%−0.9 pts
- Food Products7.4% → 6.5%−0.9 pts
- IT - Software3.8% → 3.3%−0.5 pts
- Agricultural, Commercial & Construction Vehicles3.1% → 2.8%−0.3 pts
- Healthcare Services3.2% → 2.9%−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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.1% | 18.1% |
| Electrical Equipment | 11.4% | 11.2% |
| Auto Components | 11.7% | 10.0% |
| Aerospace & Defense | 6.0% | 9.7% |
| Food Products | 7.4% | 6.5% |
| Automobiles | 5.0% | 5.9% |
| Industrial Manufacturing | 3.2% | 4.7% |
| Capital Markets | 4.6% | 4.4% |
| Industrial Products | 3.9% | 3.8% |
| Diversified FMCG | 4.3% | 3.4% |
Allocation in Sep 2026change vs Aug 2026
- Pharmaceuticals & Biotechnology (8)18.1%▲ 0.1 pts
- Electrical Equipment (4)11.2%▼ 0.1 pts
- Auto Components (5)10.0%▼ 1.7 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
0.5%
▼ 0.5 pts vs Aug 2026
- Cash alone
- 0.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.1% – 1.0%
- lowest to highest · record 1.0% 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.