Kotak Midcap Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Mid Cap Fund

Portfolio Turnover Ratio : 24.73%. Category average turnover ratio is 38.49%. 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 : 98.13% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.13%

No of Stocks : 63 (Category Avg - 70.19) | Large Cap Investments : 4.79%| Mid Cap Investments : 34.63% | Small Cap Investments : 21.06% | Other : 37.65%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	63	69.94
Top 5 Stock Weight	16.75%	17.53%
Top 10 Stock Weight	28.54%	30.61%
Top 3 Sector Weight	20.38%	21.1%

Category - Mid Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	11716.67	14326.83
Holdings in large cap stocks	4.79%	9.42%
Holdings in mid cap stocks	34.63%	34.55%
Holdings in small cap stocks	21.06%	18.77%

Category - Mid Cap Fund

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# GE T&D India Ltd.	Heavy electrical equipment	23178.9	3.83%	0.00%	3.95% (Oct 2025)	1.48% (Nov 2024)	80.44 L	1.87 L
# Fortis Healthcare Ltd.	Hospital	22724.1	3.76%	0.00%	4.19% (Oct 2025)	3.13% (Nov 2024)	2.47 Cr	0.00
# Mphasis Ltd.	Computers - software & consulting	21847.7	3.61%	0.00%	3.41% (Jan 2025)	2.98% (Feb 2025)	77.71 L	11.77 L
# Ipca Laboratories Ltd.	Pharmaceuticals	17444.5	2.88%	0.00%	3.45% (Dec 2024)	2.53% (Oct 2025)	1.20 Cr	0.00
# Dixon Technologies (India) Ltd.	Consumer electronics	16118.8	2.67%	0.00%	3.24% (Jul 2025)	2.06% (Mar 2025)	11.04 L	0.00
# Vishal Mega Mart Ltd.	Diversified retail	15054.8	2.49%	0.00%	2.94% (Jul 2025)	0% (Nov 2024)	11.09 Cr	0.00
# Indian Bank	Public sector bank	14784.2	2.44%	0.00%	2.42% (Oct 2025)	0% (Nov 2024)	1.70 Cr	0.00
# J.K. Cement Ltd.	Cement & cement products	13971.2	2.31%	0.00%	2.96% (Aug 2025)	2.11% (Nov 2024)	24.26 L	0.00
# Bharat Electronics Ltd.	Aerospace & defense	13829.8	2.29%	0.00%	2.48% (Jun 2025)	1.8% (Dec 2024)	3.36 Cr	0.00
# Coromandel International Ltd.	Fertilizers	13646.6	2.26%	0.00%	3.46% (Apr 2025)	2.02% (Oct 2025)	57.29 L	0.00

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

View complete holding

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

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Sector
M-Cap

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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
# GE T&D India Ltd.	Heavy electrical equipment	3.83	23178.9	3.83%	0.00%	3.95% (Oct 2025)	1.48% (Nov 2024)	80.44 L	1.87 L	Small Cap	21.06
# Fortis Healthcare Ltd.	Hospital	7.2	22724.1	3.76%	0.00%	4.19% (Oct 2025)	3.13% (Nov 2024)	2.47 Cr	0.00	Other	37.65
# Mphasis Ltd.	Computers - software & consulting	8.52	21847.7	3.61%	0.00%	3.41% (Jan 2025)	2.98% (Feb 2025)	77.71 L	11.77 L	Mid Cap	34.63
# Ipca Laboratories Ltd.	Pharmaceuticals	4.66	17444.5	2.88%	0.00%	3.45% (Dec 2024)	2.53% (Oct 2025)	1.20 Cr	0.00	Other	37.65
# Dixon Technologies (India) Ltd.	Consumer electronics	2.67	16118.8	2.67%	0.00%	3.24% (Jul 2025)	2.06% (Mar 2025)	11.04 L	0.00	Other	37.65
# Vishal Mega Mart Ltd.	Diversified retail	2.49	15054.8	2.49%	0.00%	2.94% (Jul 2025)	0% (Nov 2024)	11.09 Cr	0.00	Other	37.65
# Indian Bank	Public sector bank	2.44	14784.2	2.44%	0.00%	2.42% (Oct 2025)	0% (Nov 2024)	1.70 Cr	0.00	Mid Cap	34.63
# J.K. Cement Ltd.	Cement & cement products	3.72	13971.2	2.31%	0.00%	2.96% (Aug 2025)	2.11% (Nov 2024)	24.26 L	0.00	Small Cap	21.06
# Bharat Electronics Ltd.	Aerospace & defense	2.29	13829.8	2.29%	0.00%	2.48% (Jun 2025)	1.8% (Dec 2024)	3.36 Cr	0.00	Mid Cap	34.63
# Coromandel International Ltd.	Fertilizers	2.26	13646.6	2.26%	0.00%	3.46% (Apr 2025)	2.02% (Oct 2025)	57.29 L	0.00	Mid Cap	34.63
# KEI Industries Ltd.	Cables - electricals	3.18	13404.5	2.22%	0.00%	2.25% (Sep 2025)	1% (Nov 2024)	32.33 L	0.00	Small Cap	21.06
# Persistent Systems Ltd.	Computers - software & consulting	8.52	13202	2.18%	0.00%	4% (Nov 2024)	1.8% (Sep 2025)	20.78 L	-0.92 L	Other	37.65
# Oberoi Realty Ltd.	Residential, commercial projects	2.18	13195.7	2.18%	0.00%	3.49% (Dec 2024)	2.17% (Sep 2025)	80.11 L	0.00	Mid Cap	34.63
# Bharti Hexacom Ltd.	Telecom - equipment & accessories	2.17	13096.4	2.17%	0.00%	2.32% (Jul 2025)	1.93% (Nov 2024)	74.06 L	0.00	Other	37.65
# Solar Industries India Ltd.	Explosives	2.16	13083.8	2.16%	0.00%	3.33% (May 2025)	2.04% (Dec 2024)	9.86 L	0.00	Small Cap	21.06
# L&T Finance Holdings Ltd.	Investment company	2.16	13066.8	2.16%	0.00%	1.76% (Oct 2025)	0% (Nov 2024)	4.18 Cr	25.94 L	Mid Cap	34.63
# Swiggy Ltd.	E-retail/ e-commerce	3.79	12811.7	2.12%	0.00%	2.97% (Aug 2025)	0% (Nov 2024)	3.39 Cr	0.00	Other	37.65
# Oracle Financial Services Software Limited	Software products	2.05	12403.2	2.05%	0.00%	3.69% (Dec 2024)	2.16% (Oct 2025)	15.30 L	0.00	Mid Cap	34.63
# Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	4.63	12124.9	2.00%	0.00%	1.86% (Oct 2025)	0% (Nov 2024)	69.84 L	3.60 L	Other	37.65
# SRF Ltd.	Specialty chemicals	2.99	11877.6	1.96%	0.00%	2% (Jun 2025)	0.93% (Dec 2024)	40.58 L	2.50 L	Mid Cap	34.63
# HDB Financial Services Ltd.	Non banking financial company (nbfc)	4.63	11825.5	1.96%	0.00%	1.72% (Oct 2025)	0% (Nov 2024)	1.54 Cr	12.41 L	Other	37.65
# Schaeffler India Ltd.	Auto components & equipments	3.99	11312.9	1.87%	0.00%	2.27% (May 2025)	1.86% (Dec 2024)	29.01 L	0.00	Other	37.65
# Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.84	11101.5	1.84%	0.00%	1.91% (Oct 2025)	0.59% (Nov 2024)	2.43 Cr	0.00	Large Cap	4.79
# Global Health Ltd.	Hospital	7.2	10489.8	1.73%	0.00%	1.96% (Feb 2025)	1.36% (Nov 2024)	84.19 L	0.00	Other	37.65
# Eternal Ltd.	E-retail/ e-commerce	3.79	10111.8	1.67%	0.00%	1.88% (Sep 2025)	0.64% (Jan 2025)	3.37 Cr	0.00	Other	37.65
# Apar Industries Ltd.	Other electrical equipment	1.63	9881.1	1.63%	0.00%	1.55% (Oct 2025)	1.01% (Nov 2024)	10.79 L	0.00	Small Cap	21.06
# Pi Industries Ltd.	Pesticides & agrochemicals	1.62	9823.5	1.62%	0.00%	2.1% (Nov 2024)	1.68% (Oct 2025)	28.93 L	62.02 k	Mid Cap	34.63
# Wipro Ltd.	Computers - software & consulting	8.52	9414.8	1.56%	0.00%	2.33% (Jan 2025)	1.5% (Oct 2025)	3.77 Cr	0.00	Large Cap	4.79
# Blue Star Ltd.	Household appliances	2.96	9341	1.54%	0.00%	2.22% (Mar 2025)	1.48% (May 2025)	52.91 L	0.00	Small Cap	21.06
# Max Financial Services Ltd.	Life insurance	1.52	9184.9	1.52%	0.00%	1.44% (Jun 2025)	1.04% (Dec 2024)	53.96 L	4.17 L	Mid Cap	34.63
# Federal Bank Ltd.	Private sector bank	1.5	9065.7	1.50%	0.00%	1.42% (Feb 2025)	1.16% (Sep 2025)	3.51 Cr	0.00	Mid Cap	34.63
# Power Finance Corporation Ltd.	Financial institution	1.97	8959.2	1.48%	0.00%	2.12% (Nov 2024)	1.65% (Aug 2025)	2.47 Cr	0.00	Mid Cap	34.63
# Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	1.47	8863	1.47%	0.00%	1.45% (Jun 2025)	0% (Nov 2024)	11.88 L	23.95 k	Other	37.65
# J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	4.66	8532.1	1.41%	0.00%	1.49% (Jul 2025)	0.92% (Nov 2024)	48.17 L	0.00	Other	37.65
# Dalmia Bharat Ltd.	Cement & cement products	3.72	8518.6	1.41%	0.00%	1.36% (Oct 2025)	0% (Nov 2024)	42.39 L	3.36 L	Mid Cap	34.63
# ICICI Lombard General Insurance Co Ltd.	General insurance	1.39	8398.5	1.39%	0.00%	1.64% (Feb 2025)	1.38% (Aug 2025)	42.62 L	0.00	Large Cap	4.79
# Metro Brands Ltd.	Footwear	1.37	8266.1	1.37%	0.00%	1.62% (Feb 2025)	1.32% (Oct 2025)	70.61 L	0.00	Other	37.65
# UNO Minda Ltd.	Auto components & equipments	3.99	8087	1.34%	0.00%	1.55% (Aug 2025)	1.21% (Jan 2025)	61.88 L	-7.29 L	Small Cap	21.06
# MRF Ltd.	Tyres & rubber products	2.15	7342.1	1.21%	0.00%	1.26% (Oct 2025)	0.95% (Nov 2024)	48.17 k	0.00	Mid Cap	34.63
# Voltas Limited	Household appliances	2.96	7143.3	1.18%	0.00%	1.61% (Dec 2024)	1.14% (May 2025)	51.90 L	0.00	Mid Cap	34.63
# Birlasoft Ltd.	Computers - software & consulting	8.52	7046.6	1.17%	0.00%	1.95% (Jan 2025)	1.12% (Sep 2025)	1.85 Cr	0.00	Small Cap	21.06
# Max Healthcare Institute Ltd.	Hospital	7.2	6207.9	1.03%	0.00%	1.75% (Mar 2025)	0% (Nov 2024)	53.39 L	0.00	Other	37.65
# Deepak Nitrite Ltd.	Specialty chemicals	2.99	6202.9	1.03%	0.00%	2.01% (Nov 2024)	1.14% (Oct 2025)	39.80 L	0.00	Small Cap	21.06
# Bharat Forge Ltd.	Castings & forgings	1	6059.1	1.00%	0.00%	1.49% (Nov 2024)	0.93% (Oct 2025)	42.26 L	0.00	Mid Cap	34.63
# BSE Ltd.	Exchange and data platform	0.99	5971.4	0.99%	0.00%	1.13% (Apr 2025)	0% (Nov 2024)	20.57 L	0.00	Small Cap	21.06
# Polycab India Limited	Cables - electricals	3.18	5834.5	0.96%	0.00%	1.38% (Nov 2024)	1.06% (Feb 2025)	7.81 L	-2.05 L	Other	37.65
# Apollo Tyres Limited	Tyres & rubber products	2.15	5706.5	0.94%	0.00%	0.98% (Apr 2025)	0% (Nov 2024)	1.11 Cr	0.00	Mid Cap	34.63
# Jindal Steel Ltd.	Iron & steel products	2.42	5386.1	0.89%	0.00%	0.94% (Sep 2025)	0% (Nov 2024)	51.57 L	0.00	Mid Cap	34.63
# Oil India Ltd.	Oil exploration & production	0.86	5178.8	0.86%	0.00%	1.44% (Nov 2024)	1.04% (Aug 2025)	1.25 Cr	-0.27 Cr	Mid Cap	34.63
# Emami Ltd.	Personal care	0.8	4857.4	0.80%	0.00%	1.52% (Nov 2024)	1.02% (Oct 2025)	91.56 L	-0.23 Cr	Mid Cap	34.63
# APL Apollo Tubes Ltd.	Iron & steel products	2.42	4800	0.79%	0.00%	1.29% (Dec 2024)	0.78% (Jul 2025)	27.92 L	0.00	Other	37.65
# WABCO India Ltd.	Auto components & equipments	3.99	4744.6	0.78%	0.00%	0.97% (Mar 2025)	0.74% (Oct 2025)	3.59 L	0.00	Mid Cap	34.63
# Prudent Corporate Advisory Services Ltd.	Financial products distributor	0.78	4719.7	0.78%	0.00%	1.1% (Nov 2024)	0.71% (Feb 2025)	19.08 L	0.00	Other	37.65
# India Shelter Finance Corporation Ltd.	Housing finance company	1.43	4597.7	0.76%	0.00%	0.79% (Aug 2025)	0% (Nov 2024)	52.21 L	0.00	Other	37.65
# Ratnamani Metals & Tubes Ltd.	Iron & steel products	2.42	4496.1	0.74%	0.00%	1.25% (Nov 2024)	0.76% (Oct 2025)	18.95 L	0.00	Small Cap	21.06
# Aster DM Healthcare Ltd.	Hospital	7.2	4084.1	0.68%	0.00%	0.64% (Oct 2025)	0% (Nov 2024)	61.37 L	3.99 L	Small Cap	21.06
# Home First Finance Company India Ltd.	Housing finance company	1.43	4060.1	0.67%	0.00%	0.78% (Aug 2025)	0% (Nov 2024)	36.54 L	0.00	Other	37.65
# Magma Fincorp Ltd.	Non banking financial company (nbfc)	4.63	4058.5	0.67%	0.00%	0.72% (Sep 2025)	0% (Nov 2024)	84.50 L	0.00	Small Cap	21.06
# Lenskart Solutions Ltd.	Speciality retail	0.54	3296.1	0.54%	0.00%	0.04% (Oct 2025)	0% (Nov 2024)	80.30 L	74.40 L	Other	37.65
# Techno Electric & Engineering Co. Ltd.	Civil construction	0.51	3066.3	0.51%	0.00%	0.71% (Jun 2025)	0.48% (Jan 2025)	25.44 L	0.00	Small Cap	21.06
# Rural Electrification Corporation Limited	Financial institution	1.97	2952.7	0.49%	0.00%	0.69% (Apr 2025)	0.5% (Aug 2025)	81.81 L	0.00	Mid Cap	34.63
# Rubicon Research Ltd.	Pharmaceuticals	4.66	2222.5	0.37%	0.00%	0.35% (Oct 2025)	0% (Nov 2024)	34.55 L	0.00	Other	37.65
# V-Guard Industries Ltd.	Household appliances	2.96	1456.9	0.24%	0.00%	0.87% (Nov 2024)	0.43% (Oct 2025)	42.31 L	-0.30 Cr	Small Cap	21.06
LIC Housing Finance Ltd.	Housing finance company	1.43	3735.8	0.00%	-0.62%	-	-	-	-	Mid Cap	34.63

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
LIC Housing Finance Ltd.	Housing finance company	3735.8	0.00%	-0.62%	1.56% (Nov 2024)	0.62% (Oct 2025)	0.00	-6543125

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Fortis Healthcare Ltd.	3.76%	4.19%	4.11%	3.95%	3.69%	3.44%	3.27%	3.41%	3.59%	3.45%	3.22%	3.35%	3.13%
Mphasis Ltd.	3.61%	3.02%	3.00%	3.23%	3.21%	3.29%	2.99%	3.07%	3.09%	2.98%	3.41%	3.13%	3.33%
Ipca Laboratories Ltd.	2.88%	2.53%	2.76%	2.92%	3.06%	2.90%	3.03%	3.20%	3.43%	3.39%	3.23%	3.45%	2.84%
GE T&D India Ltd.	3.83%	3.95%	3.94%	3.78%	3.61%	2.93%	2.97%	2.24%	2.15%	1.99%	2.12%	1.72%	1.48%
Dixon Technologies (India) Ltd.	2.67%	2.83%	3.09%	3.23%	3.24%	2.90%	2.65%	2.50%	2.06%	2.39%	2.30%	2.55%	2.29%
Oberoi Realty Ltd.	2.18%	2.36%	2.17%	2.26%	2.28%	2.67%	2.62%	2.65%	2.73%	2.71%	2.96%	3.49%	3.09%
Coromandel International Ltd.	2.26%	2.02%	2.21%	2.32%	2.69%	2.51%	2.45%	3.46%	3.19%	2.93%	2.79%	2.68%	2.60%
Oracle Financial Services Software Limited	2.05%	2.16%	2.21%	2.23%	2.26%	2.41%	2.42%	2.69%	2.50%	2.70%	2.84%	3.69%	3.67%
J.K. Cement Ltd.	2.31%	2.50%	2.62%	2.96%	2.82%	2.61%	2.49%	2.50%	2.60%	2.55%	2.51%	2.22%	2.11%
Solar Industries India Ltd.	2.16%	2.27%	2.25%	2.39%	2.44%	3.04%	3.33%	2.93%	2.58%	2.19%	2.30%	2.04%	2.27%
Persistent Systems Ltd.	2.18%	2.13%	1.80%	2.02%	1.95%	2.30%	2.29%	2.33%	2.49%	2.59%	2.64%	2.93%	4.00%
Swiggy Ltd.	2.12%	2.30%	2.46%	2.97%	2.91%	2.90%	2.38%	1.39%	1.13%	-	-	-	-
Bharti Hexacom Ltd.	2.17%	2.28%	2.08%	2.25%	2.32%	2.24%	2.24%	2.23%	2.22%	2.16%	2.01%	2.00%	1.93%
Bharat Electronics Ltd.	2.29%	2.37%	2.33%	2.18%	2.24%	2.48%	2.42%	2.13%	2.10%	1.88%	1.94%	1.80%	1.93%
Schaeffler India Ltd.	1.87%	1.93%	2.09%	1.97%	2.08%	2.06%	2.27%	2.03%	2.04%	2.02%	2.02%	1.86%	2.00%