March 31, 2026
RA Jainee
Kotak MNC Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 10.42 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 10.42 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY MNC TRI |
| AUM Rs. | 2,007 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.64% |
| 1 Year Return (%) | 14.87 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 2.99% |
⚖️ Sahifund Review – Kotak MNC Fund ✔
PLUS: Strong early performance, low cost, quality bias
✓ Kotak MNC Fund has made a strong start with 14.87% 1-year return, sharply beating both the broader market and thematic MNC category peers.
✓ Expense ratio of 0.64% is reasonable for a thematic active fund, which improves long-term return efficiency for SIP investors.
✓ The portfolio is spread across 40 stocks, giving decent diversification without becoming too cluttered.
✓ The fund has shown a clear quality-stock tilt, which is typically a strong trait in MNC-focused investing.
✓ Backed by Kotak Mutual Fund’s strong research platform and experienced fund managers, the structure looks credible for long-term thematic exposure.
MINUS: Very new fund, premium valuations, thematic concentration risk
⚖️ The biggest drawback is that the fund is still very new, so there is no 3-year or 5-year track record yet to judge consistency across cycles.
⚖️ Portfolio valuations are expensive with P/E at 44.34 and P/B at 7.33, which leaves less room for error if earnings disappoint.
⚖️ Being an MNC-themed fund, it carries concentration risk and may underperform when broader cyclical or domestic sectors lead the market.
⚖️ Around 31% allocation to small-cap names can also increase volatility, despite the MNC label sounding defensive.
Sahifund View (Decisive Line):
Kotak MNC Fund looks like a promising quality-theme fund, but since it is still untested, investors should enter gradually through SIP rather than treating it as a core allocation.
👉 Apply Online | Ask Us MF Queries |
| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
MNC funds are suitable for investors:
1. Seeking exposure in shares of multinational companies for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of multi-national companies (MNC).
Fund Manager:
1) Abhishek Bisen
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
2) Dhananjay Tikariha
Education: Mr. Tikariha has done B.Tech, M. Tech from IIT Madras and PGDM (Finance & Marketing) from IIM Lucknow
Experience: Prior to joining Kotak Mahindra Mutual Fund, he has worked with IDFC First Bank
3) Harsha Upadhyaya
Education: Mr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.
Experience: Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | – |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 90 days |
Basic Details of Kotak MNC Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 28-Oct-24 |
| Return Since Launch | 2.99% |
| Benchmark | NIFTY MNC TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 2,007 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.64% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 19.49% |
Kotak MNC Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak MNC Dir | -4.71 | -1.42 | -7.72 | -4.16 | -0.82 | 14.87 | — | — | — | — |
| BSE 500 TRI | -11.93 | -2.10 | -9.30 | -11.58 | -7.40 | -1.25 | — | — | — | — |
| Equity: Thematic-MNC | -9.43 | -1.78 | -8.80 | -9.07 | -7.20 | 2.42 | — | — | — | — |
| Rank within category | 1 | 2 | 2 | 1 | 1 | 1 | — | — | — | — |
| Number of funds in category | 7 | 7 | 7 | 7 | 7 | 6 | 5 | 4 | 3 | 3 |
Peer Comparison of Kotak MNC Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Kotak MNC Dir | Unrated | 14.87 | — | — | 0.64 | 2,007 | 2.99 | 0.50 (90) | 1Y 5M | 19.49 |
| SBI MNC Dir | Unrated | -0.64 | 7.07 | 9.13 | 1.25 | 5,841 | 13.56 | 1.00 (30) | 13Y 2M | 47.00 |
| ABSL MNC Dir | Unrated | -2.60 | 11.50 | 6.01 | 1.31 | 3,437 | 12.72 | 1.00 (90) | 13Y 2M | 23.00 |
| UTI MNC Dir | Unrated | 0.58 | 11.83 | 10.05 | 1.29 | 2,724 | 13.42 | 1.00 (364) | 13Y 2M | 27.00 |
| ICICI Pru MNC Dir | Unrated | 3.39 | 14.28 | 13.82 | 1.17 | 1,710 | 16.99 | 1.00 (365) | 6Y 9M | 51.00 |
Kotak MNC Fund Portfolio
| No. of Stocks | 40 |
| Top 10 Stocks | 49.10% |
| Top 5 Stocks | 30.41% |
| Top 3 Sectors | 62.36% |
| Portfolio P/B Ratio | 7.33 |
| Portfolio P/E Ratio | 44.34 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 81,752 | 99,341 |
| Giant (%) | — | — |
| Large (%) | 43.79 | 51.08 |
| Mid (%) | 25.12 | 25.07 |
| Small (%) | 31.09 | 23.86 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Quicklinks
- Chanakyanipothi.com
- Staffavailable.com
- BigGaddi.com
- Latest IPO GMP
- Best Stocks to buy today
- Grey Market Premium
- Upcoming IPOs
- Subscription Status