Kotak’s six Muhurat funds: compare the mandates before sorting the returns
Focused equity, a manufacturing theme, financial services and hybrid strategies solve different problems. Our comparison explains the return-window trap and how two fund names can repeat the same stock exposure.
Treat the Muhurat list as a starting point for mandate, cost and overlap checks; different since-inception returns do not form a fair performance ranking.
- Six fund names span different mandates and do not automatically create six independent exposures.
- Reported since-inception CAGRs use different starting dates and Regular Plan Growth.
- In our illustration, two equal fund allocations with the same 10% stock holding still create 10% portfolio exposure.
Kotak Mutual Fund's six Muhurat picks for Samvat 2083 span very different portfolios. Buying all six would not automatically create six independent sources of return. The useful question is which exposure each scheme adds, which holdings it repeats and whether that exposure matches the investor's goal.
What is on the list?
CNBC-TV18's November 7 coverage names Kotak Focused Fund, Kotak Multi Asset Allocation Fund, Kotak Multi Cap Fund, Kotak Manufacture in India Fund, Kotak Banking & Financial Services Fund and Kotak Equity Savings Fund. These are the fund house's selections, not an independent ranking or MF Analyser buy recommendations. Source: CNBC-TV18.
Compare what the funds are allowed to own
- Kotak Focused Fund: a concentrated equity approach with a maximum of 30 stocks across market capitalisations. Fewer holdings make the size and overlap of individual positions particularly worth checking. Official scheme page.
- Kotak Multi Cap Fund: equity exposure across large, mid and small companies. Compare its size allocation with the funds already in the portfolio instead of assuming that “multi” means low risk.
- Kotak Multi Asset Allocation Fund: exposure across asset classes rather than just a wider equity stock list. Its role should be assessed against the household's overall equity, debt and commodity allocation.
- Kotak Manufacture in India Fund: an equity scheme following the manufacturing theme. A strong theme can still experience a difficult investment period. Official scheme page.
- Kotak Banking & Financial Services Fund: concentrated sector exposure. Existing diversified funds may already hold banks and finance companies. Official September factsheet.
- Kotak Equity Savings Fund: equity, arbitrage and debt in one scheme. Its relatively conservative positioning does not mean capital is guaranteed. Official scheme page.
The return comparison that would be misleading
The news report quotes since-inception annualised returns of 13.8% for Focused, 13.4% for Multi Cap and 8.6% for Equity Savings, for Regular Plan Growth as of October 31, 2026. Their inception dates are July 2019, September 2021 and October 2014 respectively. Those numbers cover different periods and different risk mandates; sorting them from highest to lowest would not establish which fund performed best on a common basis.
A fairer performance comparison fixes the end date, start date and plan type, then uses the relevant benchmark and peer category. Direct and Regular plans have different expenses, so mixing their return histories introduces another avoidable difference. A past CAGR is also not the rate a new SIP is promised.
Our worked example: why six funds can still repeat one exposure
Hypothetical illustration, not these schemes' actual holdings: assume a ₹1 lakh portfolio puts ₹50,000 into Fund A and ₹50,000 into Fund B. If each fund holds 10% in the same company, that company's combined exposure is ₹5,000 + ₹5,000 = ₹10,000, or 10% of the portfolio. Owning two fund names has not halved that stock's weight.
The same check matters when adding a sector fund to an existing diversified portfolio. Review the look-through exposure before and after the addition. This example does not claim that the six Kotak schemes have a particular overlap percentage; that requires their actual dated portfolios.
A practical order for the decision
- Write the goal, date and acceptable loss before choosing a fund.
- Identify the allocation already held across all accounts.
- Compare the scheme mandate, current riskometer, expenses and exit terms.
- Test stock and sector duplication using filings from the same month.
- Choose only the exposure the plan needs, rather than buying the full festive list by default.
The occasion can prompt a useful portfolio review. It does not change the mathematics of concentration, costs or the time available to reach a goal.
Source: CNBC-TV18 / Kotak scheme disclosures — Kotak Mutual Fund Muhurat picks for Diwali 2026: 6 schemes to consider. This story was written by the MF Analyser News Desk with AI assistance and its figures were checked automatically against the original report. It is for education only and is not investment advice. Mutual fund investments are subject to market risks.
