Kotak Business Cycle Fund - Regular Plan - Growth Portfolio | Kotak Mahindra Mutual Fund Portfolio

Portfolio Turnover Ratio : 28.55%. Category average turnover ratio is 95.86%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 97.51% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.51%

No of Stocks : 55 (Category Avg - 44.42) | Large Cap Investments : 36.69%| Mid Cap Investments : 7.28% | Small Cap Investments : 18.47% | Other : 35.07%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	55	43.34
Top 5 Stock Weight	18.46%	32.63%
Top 10 Stock Weight	32.2%	49.7%
Top 3 Sector Weight	23.21%	43.81%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	68415.31	73374.89
Holdings in large cap stocks	36.69%	37.73%
Holdings in mid cap stocks	7.28%	14.7%
Holdings in small cap stocks	18.47%	13%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
ICICI Bank Ltd.	Private sector bank	1253.6	4.25%	-0.21%	5.25% (Mar 2025)	4.25% (Sep 2025)	9.30 L
Aster DM Healthcare Ltd.	Hospital	1090.6	3.70%	0.11%	3.7% (Sep 2025)	2.32% (Oct 2024)	17.40 L
Bharti Hexacom Ltd.	Telecom - equipment & accessories	1048.7	3.56%	-0.29%	4.35% (Jun 2025)	3.56% (Sep 2025)	6.32 L
Eternal Ltd.	E-retail/ e-commerce	1030.9	3.50%	0.09%	3.5% (Sep 2025)	2.64% (Jan 2025)	31.67 L
Vishal Mega Mart Ltd.	Diversified retail	1017.7	3.45%	-0.05%	3.5% (Aug 2025)	0% (Oct 2024)	68.30 L
GE T&D India Ltd.	Heavy electrical equipment	888.2	3.01%	0.15%	3.01% (Sep 2025)	1.51% (Oct 2024)	3.00 L
Axis Bank Ltd.	Private sector bank	824.9	2.80%	0.19%	3.7% (Jun 2025)	2.61% (Aug 2025)	7.29 L
UNO Minda Ltd.	Auto components & equipments	796.9	2.70%	0.01%	2.7% (Sep 2025)	1.98% (Oct 2024)	6.14 L
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	780.5	2.65%	0.18%	2.84% (Oct 2024)	1.97% (Dec 2024)	48.69 k
Godrej Consumer Products Ltd	Personal care	761.1	2.58%	-0.20%	3.16% (Apr 2025)	1.82% (Dec 2024)	6.52 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Sep,2025)

None
Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
ICICI Bank Ltd.	Private sector bank	9.44	1253.6	4.25%	-0.21%	5.25% (Mar 2025)	4.25% (Sep 2025)	9.30 L	0.00	Large Cap	36.69
Aster DM Healthcare Ltd.	Hospital	6.26	1090.6	3.70%	0.11%	3.7% (Sep 2025)	2.32% (Oct 2024)	17.40 L	0.00	Small Cap	18.47
Bharti Hexacom Ltd.	Telecom - equipment & accessories	3.56	1048.7	3.56%	-0.29%	4.35% (Jun 2025)	3.56% (Sep 2025)	6.32 L	0.00	Other	35.07
Eternal Ltd.	E-retail/ e-commerce	4.2	1030.9	3.50%	0.09%	3.5% (Sep 2025)	2.64% (Jan 2025)	31.67 L	0.00	Other	35.07
Vishal Mega Mart Ltd.	Diversified retail	5.78	1017.7	3.45%	-0.05%	3.5% (Aug 2025)	0% (Oct 2024)	68.30 L	0.00	Other	35.07
GE T&D India Ltd.	Heavy electrical equipment	3.01	888.2	3.01%	0.15%	3.01% (Sep 2025)	1.51% (Oct 2024)	3.00 L	0.00	Small Cap	18.47
Axis Bank Ltd.	Private sector bank	9.44	824.9	2.80%	0.19%	3.7% (Jun 2025)	2.61% (Aug 2025)	7.29 L	0.00	Large Cap	36.69
UNO Minda Ltd.	Auto components & equipments	3.44	796.9	2.70%	0.01%	2.7% (Sep 2025)	1.98% (Oct 2024)	6.14 L	0.00	Small Cap	18.47
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.15	780.5	2.65%	0.18%	2.84% (Oct 2024)	1.97% (Dec 2024)	48.69 k	0.00	Large Cap	36.69
Godrej Consumer Products Ltd	Personal care	2.58	761.1	2.58%	-0.20%	3.16% (Apr 2025)	1.82% (Dec 2024)	6.52 L	0.00	Large Cap	36.69
Krishna Institute of Medical Sciences Ltd.	Hospital	6.26	755.1	2.56%	-0.12%	2.84% (Jul 2025)	2.14% (Oct 2024)	10.78 L	0.00	Other	35.07
Infosys Ltd.	Computers - software & consulting	7.51	749.7	2.54%	-0.08%	2.96% (Jan 2025)	1.32% (May 2025)	5.20 L	0.00	Large Cap	36.69
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.15	736.8	2.50%	0.14%	2.67% (Jan 2025)	0% (Oct 2024)	2.15 L	0.00	Large Cap	36.69
Vijaya Diagnostic Centre Ltd.	Healthcare service provider	3.4	733.3	2.49%	-0.05%	3.13% (Nov 2024)	2.44% (Jun 2025)	7.33 L	0.00	Other	35.07
HDFC Bank Ltd.	Private sector bank	9.44	703.7	2.39%	-0.03%	3.19% (Oct 2024)	2.39% (Sep 2025)	7.40 L	0.00	Other	35.07
Century Plyboards India Ltd.	Plywood boards/ laminates	2.35	694	2.35%	0.16%	2.73% (Oct 2024)	2.19% (Jul 2025)	8.54 L	0.00	Small Cap	18.47
Avenue Supermarts Ltd.	Diversified retail	5.78	687.6	2.33%	-0.18%	2.52% (Mar 2025)	2.04% (Dec 2024)	1.54 L	0.00	Large Cap	36.69
Hexaware Technologies Ltd.	Computers - software & consulting	7.51	628.7	2.13%	-0.30%	2.93% (May 2025)	0% (Oct 2024)	9.38 L	4.04 k	Other	35.07
Mphasis Ltd.	Computers - software & consulting	7.51	613	2.08%	0.55%	2.08% (Sep 2025)	0% (Oct 2024)	2.31 L	70.91 k	Mid Cap	7.28
SBI Life Insurance Co Ltd.	Life insurance	2.02	596.1	2.02%	-0.04%	2.26% (Apr 2025)	1.72% (Dec 2024)	3.33 L	0.00	Large Cap	36.69
Indian Bank	Public sector bank	1.99	586.9	1.99%	0.24%	1.99% (Sep 2025)	1.54% (Dec 2024)	7.82 L	0.00	Mid Cap	7.28
ICICI Lombard General Insurance Co Ltd.	General insurance	1.96	578.9	1.96%	0.03%	2.23% (Feb 2025)	1.57% (Nov 2024)	3.06 L	0.00	Large Cap	36.69
Ultratech Cement Ltd.	Cement & cement products	3.3	574.4	1.95%	0.13%	2.17% (Mar 2025)	1.73% (May 2025)	47.00 k	5.00 k	Large Cap	36.69
Brigade Enterprises Ltd.	Residential, commercial projects	4.62	559.7	1.90%	-0.08%	2.88% (Nov 2024)	1.9% (Sep 2025)	6.25 L	0.00	Small Cap	18.47
Larsen & Toubro Ltd.	Civil construction	3.35	497.8	1.69%	0.01%	2.48% (Oct 2024)	1.68% (Aug 2025)	1.36 L	0.00	Large Cap	36.69
Kalpataru Power Transmission Ltd.	Civil construction	3.35	490.7	1.66%	-0.02%	1.69% (Jun 2025)	0% (Oct 2024)	3.91 L	0.00	Small Cap	18.47
Mankind Pharma Ltd.	Pharmaceuticals	3.95	490.5	1.66%	-0.05%	2.06% (Dec 2024)	1.65% (Jun 2025)	2.01 L	0.00	Other	35.07
Reliance Industries Ltd.	Refineries & marketing	1.64	484.2	1.64%	-0.01%	2.52% (Oct 2024)	1.64% (Sep 2025)	3.55 L	0.00	Large Cap	36.69
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.95	478.3	1.62%	-0.02%	2.8% (Oct 2024)	1.62% (Sep 2025)	3.00 L	0.00	Large Cap	36.69
- United Spirits Ltd.	Breweries & distilleries	1.55	456.6	1.55%	0.00%	2.09% (Dec 2024)	1.55% (Sep 2025)	3.45 L	0.00	Large Cap	36.69
KEI Industries Ltd.	Cables - electricals	1.55	458.2	1.55%	0.08%	1.73% (Dec 2024)	0% (Oct 2024)	1.13 L	0.00	Small Cap	18.47
# Aptus Value Housing Finance India Ltd.	Housing finance company	1.48	437.6	1.48%	1.48%	1.48% (Sep 2025)	0% (Oct 2024)	13.68 L	13.68 L	Other	35.07
Oberoi Realty Ltd.	Residential, commercial projects	4.62	426.1	1.44%	-0.05%	2.32% (Dec 2024)	1.44% (Sep 2025)	2.69 L	0.00	Mid Cap	7.28
Aditya Infotech Ltd.	Industrial products	1.38	405.6	1.38%	0.05%	1.38% (Sep 2025)	0% (Oct 2024)	3.07 L	0.00	Other	35.07
- Ambuja Cements Ltd.	Cement & cement products	3.3	399.5	1.35%	0.00%	1.76% (Oct 2024)	1.35% (Aug 2025)	7.01 L	0.00	Large Cap	36.69
- Mahindra Lifespace Developers Ltd.	Residential, commercial projects	4.62	377.8	1.28%	0.00%	1.46% (Oct 2024)	0.93% (Mar 2025)	10.69 L	0.00	Small Cap	18.47
National Thermal Power Corporation Ltd.	Power generation	1.27	375	1.27%	0.03%	1.7% (Oct 2024)	1.24% (Aug 2025)	11.01 L	0.00	Large Cap	36.69
ITC Limited	Diversified fmcg	1.23	361.4	1.23%	-0.04%	1.67% (Oct 2024)	1.23% (Sep 2025)	9.00 L	0.00	Large Cap	36.69
Anthem Biosciences Ltd.	Biotechnology	1.2	352.9	1.20%	-0.10%	1.3% (Aug 2025)	0% (Oct 2024)	4.64 L	0.00	Other	35.07
Jubilant Ingrevia Ltd.	Specialty chemicals	1.07	314.7	1.07%	-0.15%	1.34% (Jul 2025)	0% (Oct 2024)	4.92 L	3.90 k	Other	35.07
Hindustan Aeronautics Ltd.	Aerospace & defense	0.97	284.8	0.97%	0.08%	1.09% (May 2025)	0% (Oct 2024)	60.00 k	0.00	Other	35.07
Cummins India Ltd.	Compressors, pumps & diesel engines	0.94	278	0.94%	0.01%	0.94% (Sep 2025)	0.79% (Apr 2025)	70.80 k	0.00	Mid Cap	7.28
Bansal Wire Industries Ltd.	Iron & steel products	0.93	273.6	0.93%	-0.06%	2.08% (Nov 2024)	0.93% (Sep 2025)	8.08 L	0.00	Other	35.07
Medi Assist Healthcare Services Ltd.	Healthcare service provider	3.4	269.1	0.91%	0.01%	1.21% (Oct 2024)	0.89% (Apr 2025)	5.16 L	0.00	Other	35.07
Happy Forgings Ltd.	Castings & forgings	0.91	267.6	0.91%	0.01%	1.21% (Jan 2025)	0.87% (Apr 2025)	2.92 L	0.00	Other	35.07
Cms Info Systems Ltd.	Diversified commercial services	0.85	251.6	0.85%	-0.10%	1.31% (Oct 2024)	0.85% (Sep 2025)	6.74 L	0.00	Other	35.07
Power Finance Corporation Ltd.	Financial institution	0.83	246.2	0.83%	0.05%	1.11% (Nov 2024)	0.78% (Aug 2025)	6.00 L	0.00	Mid Cap	7.28
Tech Mahindra Ltd.	Computers - software & consulting	7.51	224.1	0.76%	-0.05%	1.04% (Jan 2025)	0.76% (Sep 2025)	1.60 L	0.00	Large Cap	36.69
Rolex Rings Private Ltd.	Auto components & equipments	3.44	217.7	0.74%	-0.05%	1.39% (Oct 2024)	0.74% (Sep 2025)	1.68 L	0.00	Other	35.07
Brainbees Solutions Ltd.	E-retail/ e-commerce	4.2	207.3	0.70%	-0.01%	1.39% (Dec 2024)	0.69% (Jul 2025)	5.70 L	0.00	Other	35.07
HDB Financial Services Ltd.	Non banking financial company (nbfc)	0.69	202.6	0.69%	-0.69%	1.42% (Jul 2025)	0% (Oct 2024)	2.70 L	-2.45 L	Other	35.07
Ipca Laboratories Ltd.	Pharmaceuticals	3.95	198.7	0.67%	-0.06%	0.97% (Dec 2024)	0.67% (Sep 2025)	1.48 L	-5.36 k	Other	35.07
Western Carriers India Ltd.	Logistics solution provider	0.43	127.9	0.43%	0.01%	0.49% (Oct 2024)	0.29% (Apr 2025)	9.98 L	0.00	Other	35.07
Medplus Health Services Ltd.	Pharmacy retail	0.4	118.6	0.40%	-0.05%	0.68% (May 2025)	0% (Oct 2024)	1.57 L	0.00	Other	35.07
Carborundum Universal Ltd.	Abrasives & bearings	0.32	94.3	0.32%	-0.49%	1.72% (Nov 2024)	0.32% (Sep 2025)	1.02 L	-1.57 L	Small Cap	18.47
Sansera Engineering Ltd.	Auto components & equipments	3.44	29.2	0.00%	-0.10%	-	-	-	-	Other	35.07
Clean Science and Technology Ltd.	Commodity chemicals		69.2	0.00%	-0.24%	-	-	-	-	Other	35.07

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Aptus Value Housing Finance India Ltd.	Housing finance company	437.6	1.48%	1.48%	1.48% (Sep 2025)	0% (Oct 2024)	13.68 L	1368495

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Sansera Engineering Ltd.	Auto components & equipments	29.2	0.00%	-0.10%	0.59% (Nov 2024)	0% (Oct 2024)	0.00	-22972
Clean Science and Technology Ltd.	Commodity chemicals	69.2	0.00%	-0.24%	0.24% (Aug 2025)	0% (Oct 2024)	0.00	-58909

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
ICICI Bank Ltd.	4.25%	4.46%	4.84%	4.74%	4.93%	5.10%	5.25%	5.02%	4.96%	4.86%	4.96%	4.99%	4.61%
Bharti Hexacom Ltd.	3.56%	3.85%	4.10%	4.35%	4.24%	4.10%	4.07%	3.88%	3.64%	3.75%	3.82%	3.97%	4.37%
Eternal Ltd.	3.50%	3.41%	3.42%	2.95%	2.77%	5.66%	5.32%	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	2.95%	2.64%	3.19%	3.23%	2.92%	3.09%
UNO Minda Ltd.	2.70%	2.69%	2.37%	2.52%	2.39%	4.46%	4.56%	4.60%	4.26%	4.16%	4.18%	3.96%	4.16%
Axis Bank Ltd.	2.80%	2.61%	2.73%	3.70%	3.39%	3.53%	3.56%	3.52%	3.08%	3.19%	2.99%	3.10%	3.30%
Aster DM Healthcare Ltd.	3.70%	3.59%	3.69%	3.65%	3.57%	3.38%	3.37%	3.01%	3.10%	3.08%	3.01%	2.32%	2.03%
Vishal Mega Mart Ltd.	3.45%	3.50%	3.35%	3.22%	2.93%	2.92%	2.68%	2.76%	2.69%	2.54%	-	-	-
HDFC Bank Ltd.	2.39%	2.42%	2.62%	2.61%	2.64%	2.74%	3.08%	3.13%	2.77%	2.77%	2.82%	3.19%	2.98%
Vijaya Diagnostic Centre Ltd.	2.49%	2.54%	2.77%	2.44%	2.47%	2.71%	2.95%	2.88%	2.82%	2.82%	3.13%	2.74%	2.47%
Godrej Consumer Products Ltd	2.58%	2.78%	2.88%	2.71%	2.94%	3.16%	3.03%	2.39%	2.41%	1.82%	2.10%	2.20%	2.24%
Brigade Enterprises Ltd.	1.90%	1.98%	2.21%	2.44%	2.50%	2.47%	2.45%	2.54%	2.84%	2.87%	2.88%	2.77%	2.98%
Mahindra & Mahindra Ltd.	2.50%	2.36%	2.42%	2.41%	2.51%	2.59%	2.46%	2.56%	2.67%	2.57%	2.55%	-	-
Krishna Institute of Medical Sciences Ltd.	2.56%	2.68%	2.84%	2.56%	2.70%	2.72%	2.78%	2.41%	2.45%	2.30%	2.28%	2.14%	2.04%
Century Plyboards India Ltd.	2.35%	2.19%	2.19%	2.28%	2.43%	2.29%	2.43%	2.65%	2.67%	2.34%	2.31%	2.73%	2.68%

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.66%
Net Receivables	Net Receivables	-0.17%

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NITINPIMPALE
MF Investment Help
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7 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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19 days ago

View more

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The Fixed Income
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5 hrs ago

Park Your Money in a Safe & High-Return PSU Bond POWER FINANCE CORPORATION LIMITED 2029 ✔️ Coupon: 9.10% ✔️ Rating: CRISIL AAA Stable, ICRA AAA Stable, CARE AAA Stable ✔️ Tenor: 3y 5m (Maturity: 23/Mar/2029) PSU Bond | High Return Bond | Listed Invest with confidence in a highly-rated PSU bond offering steady returns and strong credibility. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dlJTdg-tfi/910-power-finance-corporation-limited-2029?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Park Your Money in a Safe & High-Return PSU Bond POWER FINANCE CORPORATION LIMITED 2029 ✔️ Coupon: 9.10% ✔️ Rating: CRISIL AAA Stable, ICRA AAA Stable, CARE AAA Stable ✔️ Tenor: 3y 5m (Maturity: 23/Mar/2029) PSU Bond | High Return Bond | Listed Invest with confidence in a highly-rated PSU bond offering steady returns and strong credibility. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dlJTdg-tfi/910-power-finance-corporation-limited-2029?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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69 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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82 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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119 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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