Kotak Balanced Advantage Fund

Kotak Mahindra Mutual FundHybridPortfolio as of 30 September 2026

Kotak Balanced Advantage Fund holds 208 instruments (65.61% equity), led by ICICI Bank Limited (4.92%), Reliance Industries Limited (3.28%) and State Bank of India (2.85%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

208

Equity Allocation

65.61%

AMC

Kotak Mahindra Mutual Fund

Portfolio Analysis

Kotak Balanced Advantage Fund's top 10 holdings account for 24.21% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 17.88% of net assets, spread across 13 sectors in total. Since its 31 August 2026 disclosure, the fund added 8 new positions and exited 4 positions, with PB Fintech Limited seeing the largest move (-0.52pp to 0.09%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Other

28.31%

Financial Services

17.88%

Consumer Discretionary

9.91%

Industrials

6.91%

Materials

5.12%

Energy

4.62%

Information Technology

4.39%

Real Estate

3.8%

Healthcare

3.63%

Telecommunication

2.86%

Consumer Staples

2.47%

Utilities

2.26%

Services

1.17%

Diversified

0.43%

Top 10 Equity Holdings

ICICI Bank Limited · 4.92%Reliance Industries Limited · 3.28%State Bank of India · 2.85%HDFC Bank Limited · 2.63%Bharti Airtel Limited · 2.33%Larsen & Toubro Limited · 1.99%Solar Industries India Limited · 1.67%UltraTech Cement Limited · 1.54%Bajaj Finance Limited · 1.52%Infosys Limited · 1.48%

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

8 new entries4 exits2 increased6 reduced

New Entries

AXISCADES Technologies Limited · 0.3%Pine Labs Limited · 0.22%Exide Industries Limited · 0.11%Tata Motors Limited · 0.07%ZF Commercial Vehicle Control Systems India Limited · 0.04%Nestle India Limited · 0%Bajaj Finserv Limited · 0%Swiggy Limited · 0%

Complete Exits

Dr. Lal Path Labs Ltd. · was 0.27%Tata Capital Limited · was 0.01%Grasim Industries Limited · was 0%HCL Technologies Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
HDFC Bank Limited	2.45% → 2.63%	▲ +0.18
Sansera Engineering Limited	1.1% → 1.27%	▲ +0.17

Biggest Weight Reductions

Stock	Weight	Change
PB Fintech Limited	0.61% → 0.09%	▼ -0.52
ICICI Bank Limited	5.18% → 4.92%	▼ -0.26
Infosys Limited	1.67% → 1.48%	▼ -0.19
State Bank of India	3.02% → 2.85%	▼ -0.17
Aptus Value Housing Finance India Limited	0.46% → 0.33%	▼ -0.13
Maruti Suzuki India Limited	1.32% → 1.22%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).

ICICI Bank Limited

4.92%

Reliance Industries Limited

3.28%

State Bank of India

2.85%

HDFC Bank Limited

2.63%

Bharti Airtel Limited

2.33%

Full Portfolio (208 holdings)

#	Holding	Sector	% to NAV
1	Triparty Repotreps	—	6.53%
2	7.34% Central Government Securitiesbond	—	5.67%
3	ICICI Bank Limited	Financial Services	4.92%
4	Reliance Industries Limited	Energy	3.28%
5	State Bank of India	Financial Services	2.85%
6	HDFC Bank Limited	Financial Services	2.63%
7	Bharti Airtel Limited	Telecommunication	2.33%
8	Larsen & Toubro Limited	Industrials	1.99%
9	Solar Industries India Limited	Materials	1.67%
10	UltraTech Cement Limited	Materials	1.54%
11	Bajaj Finance Limited	Financial Services	1.52%
12	NCD POWER FINANCE CORPORATION LTDbond	—	1.49%
13	Infosys Limited	Information Technology	1.48%
14	ETERNAL LIMITED	Consumer Discretionary	1.35%
15	JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^)bond	—	1.3%
16	Sansera Engineering Limited	Consumer Discretionary	1.27%
17	Kotak Mahindra Bank Limited	Financial Services	1.25%
18	Maruti Suzuki India Limited	Consumer Discretionary	1.22%
19	GE Vernova T&D India Limited	Industrials	1.17%
20	BROOKFIELD INDIA REAL ESTATE	Real Estate	1.16%
21	6.80% National Housing Bankbond	—	1.15%
22	Axis Bank Limited	Financial Services	1.07%
23	Mahindra & Mahindra Limited	Consumer Discretionary	1.06%
24	InterGlobe Aviation Limited	Services	0.92%
25	KNOWLEDGE REALTY TRUST	Real Estate	0.92%
26	Punjab National Bank^bond	—	0.88%
27	7.25% Government of India (MD )bond	—	0.85%
28	MphasiS Limited	Information Technology	0.84%
29	ITC Limited	Consumer Staples	0.84%
30	CNX BANK INDEXother	—	0.83%
31	Tech Mahindra Limited	Information Technology	0.8%
32	7.09% Government of Indiabond	—	0.77%
33	Coromandel International Limited	Materials	0.76%
34	Acutaas Chemicals Limited	Healthcare	0.76%
35	Schaeffler India Limited	Consumer Discretionary	0.72%
36	NTPC Limited	Utilities	0.7%
37	Power Grid Corporation of India Limited	Utilities	0.7%
38	Yatharth Hospital & Trauma Care Services Limited	Healthcare	0.69%
39	Bharat Petroleum Corporation Limited	Energy	0.65%
40	National Bank For Agriculture and Rural Developmentbond	—	0.65%
41	Tata Consultancy Services Limited	Information Technology	0.63%
42	7.44% National Bank For Agriculture and Rural Development 2029bond	—	0.6%
43	ICICI Lombard General Insurance Company Limited	Financial Services	0.59%
44	BANK OF BARODA CD REDbond	—	0.59%
45	Bosch Limited	Consumer Discretionary	0.58%
46	DSP FINANCE PRIVATE LIMITEDbond	—	0.58%
47	United Spirits Limited	Consumer Staples	0.53%
48	Krishna Institute of Medical Sciences Limited	Healthcare	0.53%
49	V-Guard Industries Limited	Consumer Discretionary	0.53%
50	Shriram Finance Limited	Financial Services	0.52%
51	Torrent Pharmaceuticals Limited	Healthcare	0.52%
52	Hindustan Unilever Limited	Consumer Staples	0.5%
53	Bajaj Auto Limited	Consumer Discretionary	0.47%
54	Ratnamani Metals & Tubes Limited	Industrials	0.47%
55	Oberoi Realty Limited	Real Estate	0.47%
56	Bharat Heavy Electricals Limited	Industrials	0.46%
57	Power Finance Corporation Limited	Financial Services	0.46%
58	Mahindra Lifespace Developers Limited	Real Estate	0.45%
59	7.96% Mindspace Business Parks Reit (MD )bond	—	0.45%
60	7.75% Bharti Telecom Ltd. (MD )bond	—	0.45%
61	07.06 % BROOKFIELD INDIA REAL ESTATE TRUSTbond	—	0.44%
62	Vedanta Aluminium Metal Limited	Diversified	0.43%
63	0.00% REC Ltdbond	—	0.43%
64	Godrej Consumer Products Limited	Consumer Staples	0.42%
65	Carborundum Universal Limited	Industrials	0.42%
66	Titan Company Limited	Consumer Discretionary	0.41%
67	Apollo Tyres Limited	Consumer Discretionary	0.41%
68	Bharat Electronics Limited	Industrials	0.4%
69	Jubilant Foodworks Limited	Consumer Discretionary	0.38%
70	Gujarat Gas Limited	Utilities	0.38%
71	Coal India Limited	Energy	0.38%
72	Indus Towers Limited	Telecommunication	0.37%
73	Persistent Systems Limited	Information Technology	0.37%
74	Life Insurance Corporation Of India	Financial Services	0.37%
75	6.90% Government of India (MD )bond	—	0.36%
76	JINDAL STEEL LIMITED	Materials	0.36%
77	Aptus Value Housing Finance India Limited	Financial Services	0.33%
78	9.35% Telangana State Industrial Infrastructure Corporation Limitedbond	—	0.32%
79	Net Current Assets/(Liabilities)other	—	0.32%
80	Oil & Natural Gas Corporation Limited	Energy	0.31%
81	AXISCADES Technologies Limited	Industrials	0.3%
82	CAPITAL INFRA TRUST	Industrials	0.3%
83	9.09% Muthoot Finance Limitedbond	—	0.3%
84	9.33% 360 One Prime Limited 2028 (FRN)bond	—	0.3%
85	Biocon Limited	Healthcare	0.29%
86	HDFC Life Insurance Company Limited	Financial Services	0.29%
87	KEI Industries Limited	Industrials	0.29%
88	Jyoti CNC Automation Limited	Industrials	0.29%
89	HDFC Bank Limited 2027bond	—	0.29%
90	Punjab National Bank 2027bond	—	0.29%
91	FEDERAL BANK LTDbond	—	0.29%
92	SRF Limited	Materials	0.28%
93	EMBASSY OFFICE PARKS REIT	Real Estate	0.27%
94	Wipro Limited	Information Technology	0.27%
95	Kajaria Ceramics Limited	Consumer Discretionary	0.26%
96	Adani Energy Solutions Limited	Utilities	0.26%
97	ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITEDbond	—	0.25%
98	Asian Paints Limited	Consumer Discretionary	0.24%
99	INDO-MIM LTD	Industrials	0.23%
100	Hyundai Motor India Limited	Consumer Discretionary	0.22%
101	Pine Labs Limited	Financial Services	0.22%
102	Sun Pharmaceutical Industries Limited	Healthcare	0.22%
103	Hindalco Industries Limited	Materials	0.22%
104	Sai Life Sciences Limited	Healthcare	0.2%
105	MINDSPACE BUSINESS PARKS REI	Real Estate	0.2%
106	Piramal Finance Limited	Financial Services	0.19%
107	Godrej Properties Limited	Real Estate	0.18%
108	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.18%
109	Amber Enterprises India Limited	Consumer Discretionary	0.18%
110	Godrej Agrovet Limited	Consumer Staples	0.18%
111	Rainbow Childrens Medicare Limited	Healthcare	0.17%
112	HDB Financial Services Limited	Financial Services	0.16%
113	Tata Communications Limited	Telecommunication	0.16%
114	Viyash Scientific Limited	—	0.16%
115	Jana Small Finance Bank Limited	Financial Services	0.16%
116	Page Industries Limited	Consumer Discretionary	0.15%
117	DLF Limited	Real Estate	0.15%
118	Mtar Technologies Limited	Industrials	0.15%
119	PNB HOUSING FINANCE LTDbond	—	0.15%
120	6.27% Power Finance Corporation Limitedbond	—	0.15%
121	HDFC BANK LTD.(^)bond	—	0.15%
122	CD - INDIAN BANK LTDbond	—	0.15%
123	Sankhya Financial Service Pvt. Ltdother	—	0.14%
124	NTPC Green Energy Limited	Utilities	0.14%
125	Nuvama Wealth Management Limited	Financial Services	0.14%
126	INDUS INFRA TRUST	Services	0.14%
127	Bihar State Govt - 2035 - Bihar(^)bond	—	0.14%
128	Deepak Nitrite Limited	Materials	0.12%
129	Exide Industries Limited	Consumer Discretionary	0.11%
130	Piramal Pharma Limited	Healthcare	0.11%
131	Astral Limited	Industrials	0.1%
132	Techno Electric & Engineering Company Limited	Industrials	0.1%
133	RAAJMARG INFRA INVESTMENT TR	Services	0.1%
134	8% ADITYA BIRLA CAP SR I REDbond	—	0.1%
135	PB Fintech Limited	Financial Services	0.09%
136	Ashok Leyland Limited	Industrials	0.09%
137	KUSUMGAR LTD	Consumer Discretionary	0.09%
138	7.64% Power Finance Corporation Limitedbond	—	0.09%
139	GS CG - (STRIPS)bond	—	0.09%
140	Jio Financial Services Limited	Financial Services	0.08%
141	GSPL TRANSMISSION LTD	Utilities	0.08%
142	GS CG - (STRIPS)(^)bond	—	0.08%
143	Alkem Laboratories Limited	Healthcare	0.07%
144	Tata Motors Limited	Industrials	0.07%
145	Jubilant Ingrevia Limited	Materials	0.07%
146	GS CG - (STRIPS)(^)bond	—	0.07%
147	ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITEDbond	—	0.06%
148	8.42% Godrej Industries Limited 2027bond	—	0.06%
149	Power Finance Corporation Limited^bond	—	0.06%
150	TEMPSENS INSTRUMENTS INDIA L	Industrials	0.05%
151	Hindustan Zinc Limited	Materials	0.05%
152	Linde India Limited	Materials	0.05%
153	Margin Depositother	—	0.05%
154	Cipla Limited	Healthcare	0.05%
155	SBI FUNDS MANAGEMENT LTD	Financial Services	0.04%
156	Voltas Limited	Consumer Discretionary	0.04%
157	LASER POWER & INFRA LTD	Industrials	0.04%
158	ZF Commercial Vehicle Control Systems India Limited	Consumer Discretionary	0.04%
159	TATA PROJECTS LTDbond	—	0.03%
160	7.68% Tata Capital Limitedbond	—	0.03%
161	PUNJAB NATIONAL BANK(^)bond	—	0.03%
162	Haryana State Govt - 2028 - Haryanabond	—	0.03%
163	8.13% Power Grid Corporation of India Limitedbond	—	0.02%
164	Kotak Mahindra Prime Limitedbond	—	0.02%
165	7.30% Government of India (MD )bond	—	0.02%
166	Adani Ports and Special Economic Zone Limited	Services	0.01%
167	Apollo Hospitals Enterprise Limited	Healthcare	0.01%
168	Orchid Pharma Limited	Healthcare	0.01%
169	TATA CAPITAL LTDbond	—	0.01%
170	6.4% LIC Housing Finance Limited 2026bond	—	0.01%
171	Rajasthan State Govt - 2027 - Rajasthanbond	—	0.01%
172	7.09% Government of India (MD )bond	—	0.01%
173	Central Government - 2029bond	—	0.01%
174	Devyani International Limited	Consumer Discretionary	0%
175	Central Government - 2028bond	—	0%
176	INE160A08316other	—	0%
177	Cash Marginother	—	0%
178	Adani Enterprises Limited	Materials	0%
179	Ambuja Cements Limited	Materials	0%
180	Kalyan Jewellers India Limited	Consumer Discretionary	0%
181	Glenmark Pharmaceuticals Limited	Healthcare	0%
182	Punjab National Bank	Financial Services	0%
183	The Phoenix Mills Limited	Real Estate	0%
184	Cummins India Limited	Industrials	0%
185	Bank of Baroda	Financial Services	0%
186	Swiggy Limited	Consumer Discretionary	0%
187	TVS Motor Company Limited	Consumer Discretionary	0%
188	Eicher Motors Limited	Consumer Discretionary	0%
189	Varun Beverages Limited	Consumer Staples	0%
190	Mankind Pharma Limited	Healthcare	0%
191	JSW Steel Limited	Materials	0%
192	Bajaj Finserv Limited	Financial Services	0%
193	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0%
194	Tata Steel Limited	Materials	0%
195	Nestle India Limited	Consumer Staples	0%
196	PNB Housing Finance Limited	Financial Services	0%
197	SBI Life Insurance Company Limited	Financial Services	0%
198	Steel Authority of India Limited	Materials	0%
199	GAIL (India) Limited	Utilities	0%
200	Fortis Healthcare Limited	Healthcare	0%
201	NMDC Limited	Materials	0%
202	Max Healthcare Institute Limited	Healthcare	0%
203	Divi's Laboratories Limited	Healthcare	0%
204	Aurobindo Pharma Limited	Healthcare	0%
205	Prestige Estates Projects Limited	Real Estate	0%
206	Central Government - 2050bond	—	0%
207	Central Government - 2033bond	—	0%
208	Hindustan Aeronautics Limited	Industrials	-0.01%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 4.92% of Kotak Balanced Advantage Fund's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 3.28% of Kotak Balanced Advantage Fund's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, State Bank of India is 2.85% of Kotak Balanced Advantage Fund's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 2.63% of Kotak Balanced Advantage Fund's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Bharti Airtel Limited is 2.33% of Kotak Balanced Advantage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Kotak Mahindra Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.