mutual funds kotak balanced advantage fund directgrowth

holdings

Kotak Balanced Advantage Fund Direct-Growth

Hybrid: Dynamic Asset Allocation - Growth (Open ended)

Kotak Balanced Advantage Fund Direct-GrowthNAV: 23.16 as on 06 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Hybrid: Dynamic Asset AllocationBenchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index

NAV: ₹23.16-0.13%

07 Jul 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Kotak Balanced Advantage Fund Direct-Growth.

Asset Allocation

As on 31 May 2026

Equity

61.56%

Debt

26.18%

Others

10.51%

Real estate

1.76%

Market Cap Distribution

Large Cap (71.8%)

Mid Cap (16.0%)

Small Cap (12.3%)

Historical Asset Allocation

Asset	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Equity	61.56%	61.35%	57.86%	57.44%	56.59%	57.78%
Debt	26.18%	26.44%	26.40%	22.18%	22.32%	22.00%
Others (incl. cash)	10.51%	10.44%	13.88%	18.60%	19.32%	18.96%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	1.76%	1.78%	1.86%	1.79%	1.77%	1.26%

Portfolio Snapshot

No. of Securities

217

P/E Ratio

23.31

P/B Ratio

3.64

Top Holding %

10.44%

Top 5 Holdings %

27.08%

Top 10 Holdings %

37.80%

Modified Duration

4.33 yrs

Avg. Maturity

10.89 yrs

Yield to Maturity

7.50%

AUM

₹17,112 Cr

Expense Ratio

0.81%

Since Inception

11.17%

Max Drawdown

-0.26%

Sharpe Ratio

0.53

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
ICICI Bank Ltd.	Financial	51,55,841	647.78	3.79%	-0.01%↓
Reliance Industries Ltd.	Energy	46,11,505	609.27	3.56%	-0.28%↓
State Bank of India	Financial	60,90,215	587.34	3.43%	0.23%↑
HDFC Bank Ltd.	Financial	68,19,581	507.75	2.97%	0.04%↑
Bharti Airtel Ltd.	Communication	21,28,815	389.36	2.28%	-0.06%↓
Larsen & Toubro Ltd.	Construction	9,00,962	367.28	2.15%	0.04%↑
Bajaj Finance Ltd.	Financial	30,47,941	276.83	1.62%	0.07%↑
Solar Industries India Ltd.	Chemicals	1,45,582	265.64	1.55%	0.18%↑
GE Vernova T&D India Ltd	Capital Goods	4,90,272	252.42	1.48%	0.20%↑
Mahindra & Mahindra Ltd.	Automobile	8,21,535	250.21	1.46%	-0.00%↓
Eternal Ltd.	Services	95,10,683	238.32	1.39%	-0.04%↓
Adani Ports and Special Economic Zone Ltd.	Services	13,07,200	235.9	1.38%	0.12%↑
Axis Bank Ltd.	Financial	18,18,469	233.96	1.37%	-0.02%↓
Maruti Suzuki India Ltd.	Automobile	1,69,720	222.79	1.30%	-0.01%↓
Interglobe Aviation Ltd.	Services	4,50,205	198.32	1.16%	0.03%↑
Kotak Mahindra Bank Ltd.	Financial	49,68,205	190.88	1.12%	0.01%↑
Mphasis Ltd.	Technology	8,14,071	184.91	1.08%	-0.28%↓
Adani Enterprises Ltd.	Services	5,97,297	175.45	1.03%	0.19%↑
Ultratech Cement Ltd.	Materials	1,36,082	156.25	0.91%	-0.00%↓
ITC Ltd.	Consumer Staples	53,68,914	154.03	0.90%	-0.38%↓

1 / 7

Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Financial	15.74%	16.03%	14.65%	14.83%	14.25%	13.93%
Energy	7.13%	7.56%	7.38%	6.92%	6.73%	7.09%
Automobile	5.52%	5.42%	5.17%	5.41%	5.14%	5.42%
Technology	4.92%	4.96%	4.77%	4.73%	6.12%	6.15%
Services	4.32%	4.52%	3.98%	4.21%	4.35%	4.35%
Capital Goods	4.10%	3.54%	3.02%	3.19%	2.51%	2.60%
Healthcare	3.23%	2.96%	3.63%	3.25%	2.76%	2.85%
Construction	3.19%	3.19%	2.91%	3.06%	2.90%	3.36%
Communication	2.89%	2.88%	2.89%	2.68%	2.68%	2.85%
Chemicals	2.75%	2.56%	2.26%	2.34%	2.40%	2.27%
Consumer Staples	2.67%	3.10%	2.90%	2.81%	2.78%	3.11%
Materials	1.72%	1.40%	1.26%	1.25%	1.19%	1.08%
Metals & Mining	1.51%	1.44%	1.30%	1.17%	1.10%	1.10%
Insurance	0.97%	0.95%	0.98%	0.99%	0.96%	1.00%
Consumer Discretionary	0.83%	0.78%	0.69%	0.53%	0.67%	0.58%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
SOV	11.44%	8.68%
Cash	8.65%	7.42%
A1+	7.62%	2.77%
AAA	3.95%	9.01%
AA	2.81%	1.27%
Cash & Call Money	1.86%	5.12%
AA+	0.35%	1.58%
Others	0.00%	0.14%
A	-	0.03%
A+	-	0.19%
A-	-	0.26%
AA-	-	0.18%
BBB+	-	0.22%
Term Deposits	-	0.36%
Unrated	-	0.01%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

50.1 / 100

Weighted average Value score is 50.1. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

60.7 / 100

Weighted average Price Momentum score is 60.7. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

73.2 / 100

Weighted average Quality score is 73.2. This indicates that portfolio has average quality using composite of quality measures.

QVM score

70.5 / 100

Weighted average QVM score is 70.5. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Varun Beverages Ltd.	-1.69

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): GAIL (India) Ltd., Piramal Pharma Ltd., Ratnamani Metals & Tubes Ltd., Tata Motors Passenger Vehicles Ltd., Vedanta Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Grasim Industries Ltd.	2.2
Tata Communications Ltd.	3.55
TVS Motor Company Ltd.	3.43
JSW Energy Ltd.	2.5
Jubilant FoodWorks Ltd.	2.14
Interglobe Aviation Ltd.	11.15
Devyani International Ltd.	2.49

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
GOI	GOI Securities	7.34%	22/04/2064	SOV	5.86%
Bank Of Baroda	Certificate of Deposit	0.00%	11/03/2027	FITCH A1+	1.38%
JTPM Metal Traders Ltd.	Debenture	0.00%	30/04/2030	CRISIL AA	1.23%
National Housing Bank	Bonds	6.80%	02/04/2032	CARE AAA	1.12%
Karnataka State	State Development Loan	7.19%	11/08/2032	SOV	1.08%
Punjab National Bank	Certificate of Deposit	0.00%	12/03/2027	CRISIL A1+	0.83%
GOI	GOI Securities	7.25%	12/06/2063	SOV	0.83%
Tamilnadu State	State Development Loan	7.31%	11/02/2033	SOV	0.77%
GOI	GOI Securities	7.09%	05/08/2054	SOV	0.75%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	28/01/2027	CRISIL A1+	0.61%
Union Bank of India	Certificate of Deposit	0.00%	28/07/2026	ICRA A1+	0.58%
Hero FinCorp Ltd.	Commercial Paper	0.00%	91-D 11/08/2026	CRISIL A1+	0.57%
Bahadur Chand Investments Pvt. Ltd.	Commercial Paper	0.00%	220-D 04/12/2026	ICRA A1+	0.56%
DSP Finance Pvt Ltd.	Commercial Paper	0.00%	320-D 08/03/2027	ICRA A1+	0.55%
Bank Of Baroda	Certificate of Deposit	0.00%	12/02/2027	CARE A1+	0.55%
Punjab National Bank	Certificate of Deposit	0.00%	05/02/2027	CRISIL A1+	0.55%
REC Ltd.	Bonds	0.00%	03/11/2034	CRISIL AAA	0.47%
Mindspace Business Parks REIT	Debenture	7.96%	11/05/2029	CRISIL AAA	0.44%
Brookfield India Real Estate Trust REIT	Debenture	0.00%	20/12/2030	CRISIL AAA	0.43%
Bharti Telecom Ltd.	Debenture	7.75%	29/02/2028	CRISIL AAA	0.43%
Tamilnadu State	State Development Loan	7.39%	28/01/2034	SOV	0.40%
GOI	GOI Securities	6.90%	15/04/2065	SOV	0.35%
Telangana State Industrial Infrastructure Corporation Ltd.	Debenture	9.35%	31/12/2027	FITCH AA(CE)	0.31%
Muthoot Finance Ltd.	Debenture	9.09%	01/06/2029	CRISIL AA+	0.30%
Andhra Pradesh State Beverages Corporation Ltd.	Bonds	9.15%	30/11/2028	FITCH AA(CE)	0.30%
360 ONE Wealth Ltd.	Debenture	0.00%	25/07/2028	ICRA AA	0.29%
Andhra Pradesh State Beverages Corporation Ltd.	Bonds	9.15%	30/11/2029	FITCH AA(CE)	0.29%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	13/11/2026	CARE A1+	0.28%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	15/02/2027	CARE A1+	0.28%
Karnataka State	State Development Loan	7.58%	11/03/2040	SOV	0.26%
Andhra Pradesh State Beverages Corporation Ltd.	Bonds	9.15%	30/11/2027	FITCH AA(CE)	0.24%
Bihar State	State Development Loan	7.59%	15/02/2027	SOV	0.18%
Bajaj Housing Finance Ltd.	Debenture	7.98%	09/09/2026	CRISIL AAA	0.15%
PNB Housing Finance Ltd.	Non Convertible Debenture	8.28%	30/12/2026	CARE AAA	0.15%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	21/09/2026	CARE A1+	0.14%
Power Finance Corporation Ltd.	Bonds	6.27%	15/07/2027	CRISIL AAA	0.14%
HDFC Bank Ltd.	Bonds	7.71%	20/12/2033	CARE AAA	0.14%
Bihar State	State Development Loan	6.88%	09/07/2035	SOV	0.14%
Andhra Pradesh State Beverages Corporation Ltd.	Bonds	9.15%	18/12/2026	FITCH AA(CE)	0.12%
Power Finance Corporation Ltd.	Non Convertible Debenture	6.35%	30/06/2026	CRISIL AAA	0.12%
Uttar Pradesh State	State Development Loan	7.62%	04/03/2041	SOV	0.11%
Aditya Birla Finance Ltd.	Debenture	0.00%	09/10/2026	ICRA AAA	0.10%
GOI	GOI Securities	0.00%	25/05/2036	SOV	0.09%
Bank Of Baroda	Certificate of Deposit	0.00%	05/06/2026	FITCH A1+	0.09%
Power Finance Corporation Ltd.	Debenture	7.64%	22/02/2033	ICRA AAA	0.09%
GOI	GOI Securities	0.00%	15/10/2037	SOV	0.08%
GOI	GOI Securities	0.00%	15/10/2039	SOV	0.07%
Godrej Industries Ltd.	Debenture	8.42%	27/12/2027	ICRA AA+	0.06%
GOI	GOI Securities	0.00%	15/04/2040	SOV	0.06%
GOI	GOI Securities	0.00%	15/10/2041	SOV	0.06%
GOI	GOI Securities	0.00%	15/10/2040	SOV	0.06%
Power Finance Corporation Ltd.	Debenture	7.59%	17/01/2028	CRISIL AAA	0.06%
GOI	GOI Securities	0.00%	15/10/2045	SOV	0.04%
GOI	GOI Securities	0.00%	15/10/2044	SOV	0.04%
GOI	GOI Securities	7.30%	19/06/2053	SOV	0.04%
Tata Projects Ltd.	Debenture	8.47%	20/11/2026	FITCH AA	0.03%
Tata Capital Financial Services Ltd.	Debenture	7.68%	07/09/2027	CRISIL AAA	0.03%
Export-Import Bank Of India	Commercial Paper	0.00%	109-D 01/06/2026	CRISIL A1+	0.03%
Haryana State	State Development Loan	8.14%	27/03/2028	SOV	0.03%
Indian Bank	Certificate of Deposit	0.00%	05/06/2026	CRISIL A1+	0.03%
Punjab National Bank	Bonds	7.43%	23/12/2039	CRISIL AAA	0.03%
GOI	GOI Securities	0.00%	25/11/2042	SOV	0.03%
Power Grid Corporation Of India Ltd.	Debenture	8.13%	25/04/2028	CRISIL AAA	0.02%
LIC Housing Finance Ltd.	Debenture	6.40%	30/11/2026	CRISIL AAA	0.01%
Tata Capital Ltd.	Debenture	8.28%	10/05/2027	CRISIL AAA	0.01%
Rajasthan State	State Development Loan	7.86%	27/12/2027	SOV	0.01%
GOI	GOI Securities	7.09%	25/11/2074	SOV	0.01%
GOI	GOI Securities	6.79%	26/12/2029	SOV	0.01%
Kotak Mahindra Prime Ltd.	Debenture	8.12%	21/06/2027	CRISIL AAA	0.01%
GOI	GOI Securities Floating Rate Bond	0.00%	22/09/2033	SOV	0.00%
GOI	GOI Securities	8.60%	02/06/2028	SOV	0.00%
GOI	GOI Securities	6.67%	17/12/2050	SOV	0.00%
GOI	GOI Securities	6.48%	06/10/2035	SOV	0.00%

Frequently Asked Questions

What are the top holdings of Kotak Balanced Advantage Fund Direct-Growth?

The top holdings of Kotak Balanced Advantage Fund Direct-Growth sorted by portfolio weight are listed in the Top Portfolio Holdings section of the Holdings tab.

How many stocks does Kotak Balanced Advantage Fund Direct-Growth hold in its portfolio?

Kotak Balanced Advantage Fund Direct-Growth holds 217 securities in its portfolio. The top 5 holdings account for 27.08% of the portfolio and the top 10 for 37.80% — a well-diversified portfolio that minimises stock-specific risk.

What is the sector allocation of Kotak Balanced Advantage Fund Direct-Growth?

The sector allocation of Kotak Balanced Advantage Fund Direct-Growth is in the Sector Allocation section, showing each industry's weight in the portfolio.

What is the equity and debt allocation of Kotak Balanced Advantage Fund Direct-Growth?

As of 31 May 2026, Kotak Balanced Advantage Fund Direct-Growth has 61.56% in equity, 26.18% in debt and 10.51% in cash/others. This asset mix determines the fund's overall risk-return profile. The debt portfolio has a yield to maturity (YTM) of 7.50%.

What is the market cap allocation of Kotak Balanced Advantage Fund Direct-Growth?

Kotak Balanced Advantage Fund Direct-Growth's equity portfolio — Large Cap: 71.76%, Mid Cap: 15.97%, Small Cap: 12.27%. Market cap allocation determines the fund's risk profile — large cap offers stability while mid and small cap offer higher growth potential with higher volatility.

Is Kotak Balanced Advantage Fund Direct-Growth a concentrated or diversified fund?

Kotak Balanced Advantage Fund Direct-Growth holds 217 securities, with the top 10 accounting for 37.80% of the portfolio and the top 5 for 27.08%. With 217 holdings, this is a well-diversified fund — stock-specific risk is limited.

What is the credit quality of Kotak Balanced Advantage Fund Direct-Growth?

The debt holdings of Kotak Balanced Advantage Fund Direct-Growth are rated as follows — SOV: 11.44%, Cash: 8.65%, A1+: 7.62%, AAA: 3.95%, and others. Higher allocation to AAA and sovereign instruments means lower credit risk. The full rating profile compared to the category average is in the Credit Rating section.

How often does Kotak Balanced Advantage Fund Direct-Growth change its portfolio?

The portfolio currently holds 217 securities with the top 10 accounting for 37.80% as of 31 May 2026. Portfolio turnover reflects how actively the fund manager trades. A high turnover increases transaction costs while a low turnover reflects a buy-and-hold approach. Historical asset allocation snapshots across multiple dates are in the Holdings Analysis section.

What is the PE ratio of Kotak Balanced Advantage Fund Direct-Growth's portfolio?

The weighted average PE ratio of Kotak Balanced Advantage Fund Direct-Growth's portfolio is 23.31 and the PB ratio is 3.64. The debt portfolio has a modified duration of 4.33 years and an average maturity of 10.89 years. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.

When is the latest portfolio disclosure for Kotak Balanced Advantage Fund Direct-Growth?

The latest portfolio disclosure for Kotak Balanced Advantage Fund Direct-Growth is as of 31 May 2026. Mutual funds and ETFs in India are required to disclose their full portfolio monthly, within 10 business days of month-end. You can switch between historical disclosure dates using the date selector in the Top Portfolio Holdings section.

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Asset

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Equity

61.56%

61.35%

57.86%

57.44%

56.59%

57.78%

Debt

26.18%

26.44%

26.40%

22.18%

22.32%

22.00%

Others (incl. cash)

10.51%

10.44%

13.88%

18.60%

19.32%

18.96%

Commodities

0.00%

Real Estate

1.76%

1.78%

1.86%

1.79%

1.77%

1.26%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

ICICI Bank Ltd.

Financial

51,55,841

647.78

3.79%

-0.01%↓

Reliance Industries Ltd.

Energy

46,11,505

609.27

3.56%

-0.28%↓

State Bank of India

Financial

60,90,215

587.34

3.43%

0.23%↑

HDFC Bank Ltd.

Financial

68,19,581

507.75

2.97%

0.04%↑

Bharti Airtel Ltd.

Communication

21,28,815

389.36

2.28%

-0.06%↓

Larsen & Toubro Ltd.

Construction

9,00,962

367.28

2.15%

0.04%↑

Bajaj Finance Ltd.

Financial

30,47,941

276.83

1.62%

0.07%↑

Solar Industries India Ltd.

Chemicals

1,45,582

265.64

1.55%

0.18%↑

GE Vernova T&D India Ltd

Capital Goods

4,90,272

252.42

1.48%

0.20%↑

Mahindra & Mahindra Ltd.

Automobile

8,21,535

250.21

1.46%

-0.00%↓

Eternal Ltd.

Services

95,10,683

238.32

1.39%

-0.04%↓

Adani Ports and Special Economic Zone Ltd.

Services

13,07,200

235.9

1.38%

0.12%↑

Axis Bank Ltd.

Financial

18,18,469

233.96

1.37%

-0.02%↓

Maruti Suzuki India Ltd.

Automobile

1,69,720

222.79

1.30%

-0.01%↓

Interglobe Aviation Ltd.

Services

4,50,205

198.32

1.16%

0.03%↑

Kotak Mahindra Bank Ltd.

Financial

49,68,205

190.88

1.12%

0.01%↑

Mphasis Ltd.

Technology

8,14,071

184.91

1.08%

-0.28%↓

Adani Enterprises Ltd.

Services

5,97,297

175.45

1.03%

0.19%↑

Ultratech Cement Ltd.

Materials

1,36,082

156.25

0.91%

-0.00%↓

ITC Ltd.

Consumer Staples

53,68,914

154.03

0.90%

-0.38%↓

Sector

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Financial

15.74%

16.03%

14.65%

14.83%

14.25%

13.93%

Energy

7.13%

7.56%

7.38%

6.92%

6.73%

7.09%

Automobile

5.52%

5.42%

5.17%

5.41%

5.14%

5.42%

Technology

4.92%

4.96%

4.77%

4.73%

6.12%

6.15%

Services

4.32%

4.52%

3.98%

4.21%

4.35%

Capital Goods

4.10%

3.54%

3.02%

3.19%

2.51%

2.60%

Healthcare

3.23%

2.96%

3.63%

3.25%

2.76%

2.85%

Construction

3.19%

2.91%

3.06%

2.90%

3.36%

Communication

2.89%

2.88%

2.89%

2.68%

2.85%

Chemicals

2.75%

2.56%

2.26%

2.34%

2.40%

2.27%

Consumer Staples

2.67%

3.10%

2.90%

2.81%

2.78%

3.11%

Materials

1.72%

1.40%

1.26%

1.25%

1.19%

1.08%

Metals & Mining

1.51%

1.44%

1.30%

1.17%

1.10%

Insurance

0.97%

0.95%

0.98%

0.99%

0.96%

1.00%

Consumer Discretionary

0.83%

0.78%

0.69%

0.53%

0.67%

0.58%

Rating

Fund