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Sectoral / Thematic · Kotak Mahindra Mutual Fund · AMFI code 154152Kotak Services Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹757 Cr
down ₹2.2 Cr vs Jul 2026
- Stocks held
- 48
- up 3 vs Jul 2026
- Top 10 weight
- 63.9%
- of the portfolio in its ten largest
- Cash & debt
- 2.0%
- cash, money market and debt
- Moves this month
- 6 in · 3 out
- added to 10, trimmed 20
Kotak Services Fund is an active equity fund in the Sectoral / Thematic category from Kotak Mahindra Mutual Fund. In August 2026 it disclosed 48 stocks worth ₹757 Cr, down ₹2.2 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (11.2%), State Bank of India (9.6%), Axis Bank Limited (8.7%); the ten largest together made up 63.9% of the portfolio, and Banks was the biggest sector at 36.5% of its equity. Cash and debt stood at 2.0%. Compared with Jul 2026 the fund entered 6 new stocks and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
60%
Holds more stocks than 60% of peers
Cash
30%
Holds more cash than 30% of peers
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.
- Weight
- 11.21%
- Δ weight
- up 0.18 pts
- Value
- ₹84.8 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 9.61%
- Δ weight
- up 0.32 pts
- Value
- ₹72.7 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 8.66%
- Δ weight
- up 0.11 pts
- Value
- ₹65.5 Cr
- Δ value
- up ₹62 L
- Status
- Added
- Weight
- 7.46%
- Δ weight
- down 0.64 pts
- Value
- ₹56.4 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 5.22%
- Δ weight
- up 0.25 pts
- Value
- ₹39.5 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 4.90%
- Δ weight
- down 0.26 pts
- Value
- ₹37.1 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 4.78%
- Δ weight
- down 0.36 pts
- Value
- ₹36.2 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 4.31%
- Δ weight
- up 0.37 pts
- Value
- ₹32.6 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 4.01%
- Δ weight
- up 0.02 pts
- Value
- ₹30.3 Cr
- Δ value
- up ₹10 L
- Status
- Held
- Weight
- 3.72%
- Δ weight
- down 0.77 pts
- Value
- ₹28.1 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 3.45%
- Δ weight
- down 0.04 pts
- Value
- ₹26.1 Cr
- Δ value
- down ₹37 L
- Status
- Trimmed
- Weight
- 2.37%
- Δ weight
- up 2.37 pts
- Value
- ₹17.9 Cr
- Δ value
- up ₹17.9 Cr
- Status
- New
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 2.24%
- Δ weight
- up 0.13 pts
- Value
- ₹17 Cr
- Δ value
- up ₹97 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.96%
- Δ weight
- down 4.86 pts
- Value
- ₹14.9 Cr
- Δ value
- down ₹36.9 Cr
- Status
- Trimmed
- Weight
- 1.78%
- Δ weight
- down 0.10 pts
- Value
- ₹13.5 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- Weight
- 1.67%
- Δ weight
- down 0.04 pts
- Value
- ₹12.6 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 1.66%
- Δ weight
- up 1.66 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹12.5 Cr
- Status
- New
- Weight
- 1.63%
- Δ weight
- up 0.19 pts
- Value
- ₹12.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.76 pts
- Value
- ₹10.4 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 1.33%
- Δ weight
- down 0.02 pts
- Value
- ₹10.1 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- up 0.26 pts
- Value
- ₹9.5 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.19%
- Δ weight
- down 0.06 pts
- Value
- ₹9 Cr
- Δ value
- down ₹51 L
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- down 0.04 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- up 0.01 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹3 L
- Status
- Held
- Weight
- 0.95%
- Δ weight
- up 0.03 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 0.91%
- Δ weight
- down 0.03 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- up 0.03 pts
- Value
- ₹6 Cr
- Δ value
- up ₹23 L
- Status
- Added
- Weight
- 0.72%
- Δ weight
- up 0.07 pts
- Value
- ₹5.5 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 0.72%
- Δ weight
- up 0.29 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 0.71%
- Δ weight
- up 0.07 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 0.63%
- Δ weight
- up 0.12 pts
- Value
- ₹4.8 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 0.61%
- Δ weight
- up 0.51 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 0.57%
- Δ weight
- down 0.01 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.12 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- up 0.04 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 0.49%
- Δ weight
- up 0.02 pts
- Value
- ₹3.7 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.44%
- Δ weight
- down 0.04 pts
- Value
- ₹3.3 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- up 0.43 pts
- Value
- ₹3.2 Cr
- Δ value
- up ₹3.2 Cr
- Status
- New
- Weight
- 0.41%
- Δ weight
- down 0.05 pts
- Value
- ₹3.1 Cr
- Δ value
- down ₹40 L
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- down <0.01 pts
- Value
- ₹2.8 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- down 0.02 pts
- Value
- ₹2.7 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 0.34%
- Δ weight
- down <0.01 pts
- Value
- ₹2.6 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 0.28%
- Δ weight
- up <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.26%
- Δ weight
- up 0.26 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 Cr
- Status
- New
- Weight
- 0.25%
- Δ weight
- up 0.03 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 0.17%
- Δ weight
- up 0.01 pts
- Value
- ₹1.3 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 0.13%
- Δ weight
- down 0.01 pts
- Value
- ₹98 L
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.12%
- Δ weight
- up 0.12 pts
- Value
- ₹93 L
- Δ value
- up ₹93 L
- Status
- New
- Weight
- 0.11%
- Δ weight
- up 0.11 pts
- Value
- ₹82 L
- Δ value
- up ₹82 L
- Status
- New
- Weight
- 0.11%
- Δ weight
- down 0.01 pts
- Value
- ₹80 L
- Δ value
- down ₹8 L
- Status
- Trimmed
What changed, Jul 2026 to Aug 2026
New New positions (6)
- Shiprocket Limited2.4% · ₹17.9 Cr
- Life Insurance Corporation Of India1.7% · ₹12.5 Cr
- CRISIL Limited0.4% · ₹3.2 Cr
- BSE Limited0.3% · ₹2 Cr
- Adani Ports and Special Economic Zone Limited0.1% · ₹93 L
- Aditya Birla Capital Limited0.1% · ₹82 L
Exited Exited (3)
- Acme Solar Holdings Ltdwas 0.8% · ₹5.8 Cr
- Oracle Financial Services Software 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 Jul 2026, the weight rose most in Transport Services (+2.4 pts) and Insurance (+1.7 pts), and fell most in Power (−1.7 pts) and Banks (−1.5 pts).
- Transport Services1.9% → 4.3%+2.4 pts
- Insurance0.0% → 1.7%new+1.7 pts
- Healthcare Services1.1% → 1.8%+0.7 pts
- Leisure Services0.1% → 0.6%+0.5 pts
- Capital Markets4.2% → 4.6%+0.3 pts
- Industrial Products1.2% → 1.5%+0.2 pts
- Power8.5% → 6.8%−1.7 pts
- Banks38.0% → 36.5%−1.5 pts
- Telecom - Services9.7% → 8.6%−1.1 pts
- IT - Software10.3% → 9.3%−0.9 pts
- Finance13.5% → 13.1%−0.4 pts
- Electrical Equipment0.7% → 0.6%−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 | 38.0% | 36.5% |
| Finance | 13.5% | 13.1% |
| IT - Software | 10.3% | 9.3% |
| Telecom - Services | 9.7% | 8.6% |
| Power | 8.5% | 6.8% |
| Consumer Durables | 6.0% | 5.9% |
| Capital Markets | 4.2% | 4.6% |
| Transport Services | 1.9% | 4.3% |
| Retailing | 2.1% | 2.2% |
| Healthcare Services | 1.1% | 1.8% |
Allocation in Aug 2026change vs Jul 2026
- Banks (6)36.5%▼ 1.5 pts
- Finance (7)13.1%▼ 0.4 pts
- IT - Software (3)9.3%▼ 0.9 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, Aug 2026
2.0%
▼ 4.9 pts vs Jul 2026
- Cash alone
- 2.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.0% – 6.8%
- lowest to highest · record 6.8% 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.