{"id":252064,"date":"2026-09-17T11:38:14","date_gmt":"2026-09-17T06:08:14","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T11:38:14","modified_gmt":"2026-09-17T06:08:14","slug":"kotak-multi-cap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/","title":{"rendered":"Kotak Multi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-cap-fund-g-direct-plan\">Kotak Multi Cap Fund Direct Growth Plan<\/a> has a NAV of \u20b921.061 as of 16 Sep 2026 and a scheme AUM of \u20b930,529 Cr. Its 1-year, 3-year and 5-year returns are 2.63%, 15.76% and Data not available, respectively, and the fund sits in the High Risk category.<\/p>\n<p>Our view is that this is a fund for investors who can tolerate sharp near-term swings in pursuit of equity upside. The recent return pattern has been weaker than the longer-running 3-year result, while the portfolio shows a spread across banks, automobiles, IT and other sectors rather than a single-theme bet.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Kotak_Multi_Cap\" title=\"Should you BUY or HOLD Kotak Multi Cap?\">Should you BUY or HOLD Kotak Multi Cap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Kotak_Multi_Cap_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Kotak Multi Cap Fund Direct Growth Plan?\">What is the current NAV of Kotak Multi Cap Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#How_has_the_fund_performed_over_1_year_3_years_and_5_years\" title=\"How has the fund performed over 1 year, 3 years and 5 years?\">How has the fund performed over 1 year, 3 years and 5 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_the_benchmark\" title=\"How does the fund compare with the benchmark?\">How does the fund compare with the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_multi-cap_funds\" title=\"How does it compare with peer multi-cap funds?\">How does it compare with peer multi-cap funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-cap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b921.061 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b930,529 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.43%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>29 Sep 2021<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 10% of investment and 1% for remaining investments on or before 1Y, Nil after 1Y<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Devender Singhal, Abhishek Bisen<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Devender Singhal and Abhishek Bisen.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-3.27%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-0.6%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>2.63%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>15.76%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term pattern has been uneven, but the fund has still held up better than the benchmark over 1 month, 3 months and 1 year. That tells us the scheme has absorbed recent market pressure more effectively than the index, even though the latest 1-year return is still modest in absolute terms.<\/p>\n<p>The more important signal is the 3-year figure. A 15.76% return over 3 years is materially stronger than the benchmark\u2019s 5.74%, which suggests the fund has compounded better over a fuller market cycle. That also means the weaker 1-year number should be read as a softer recent stretch rather than a full breakdown in the longer trend.<\/p>\n<p>The time pattern is not smooth. The fund moved through periods of recovery and pullback over the past year and three years, which is consistent with a multi-cap equity approach that can look choppy in the short run. For investors, the key takeaway is that the fund has shown stronger multi-year compounding than the benchmark, but recent behaviour has been less convincing than the 3-year outcome.<\/p>\n<p>Because 5-year data is not available, we would avoid stretching the current evidence into a longer history story. The visible record is enough to judge the fund as one that has outpaced the benchmark on a 3-year view while remaining vulnerable to drawdowns in shorter windows.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Kotak_Multi_Cap\"><\/span>Should you BUY or HOLD Kotak Multi Cap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Kotak Multi Cap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-cap-fund-g-direct-plan\">Kotak Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>2.63%<\/td>\n<td>15.76%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/groww-multicap-fund-g-direct-plan\">Groww Multicap Fund Direct Growth Plan<\/a><\/td>\n<td>14.94%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/trustmf-multi-cap-fund-g-direct-plan\">TRUSTMF Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>14.56%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-multi-cap-fund-g-direct-plan\">Mahindra Manulife Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.14%<\/td>\n<td>16.6%<\/td>\n<td>15.58%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bank-of-india-multi-cap-fund-g-direct-plan\">Bank of India Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>10.47%<\/td>\n<td>16.74%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-multi-cap-fund-g-direct-plan\">ITI Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>9.07%<\/td>\n<td>15.96%<\/td>\n<td>13.64%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year number, this fund trails several peers that have posted double-digit returns, even though its 3-year return remains competitive on the available list. That creates a split picture: the recent stretch has been weaker than the standout one-year peer numbers, but the 3-year outcome still compares well with peers that have multi-year records.<\/p>\n<p>The longer-view comparison is more supportive than the short-term one. Among peers with 3-year figures, the fund\u2019s 15.76% is ahead of ITI Multi Cap Fund Direct Growth Plan and broadly in line with the stronger multi-year peers, though still below Mahindra Manulife Multi Cap Fund Direct Growth Plan and Bank of India Multi Cap Fund Direct Growth Plan on that horizon. The 5-year comparison cannot be extended to this fund because the 5-year figure is not available.<\/p>\n<p>Overall, the peer set tells two different stories: the fund has lagged the sharper 1-year performers, but it has remained reasonably solid on the longer 3-year measure. That makes the recent weakness important, yet not enough on its own to erase the better medium-term record.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HDFC Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>5.3%<\/td>\n<\/tr>\n<tr>\n<td>Maruti Suzuki India Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>4.57%<\/td>\n<\/tr>\n<tr>\n<td>Oracle Financial Services Software Ltd<\/td>\n<td>IT<\/td>\n<td>4.05%<\/td>\n<\/tr>\n<tr>\n<td>State Bank of India.<\/td>\n<td>Bank<\/td>\n<td>3.89%<\/td>\n<\/tr>\n<tr>\n<td>Hero Motocorp Ltd.<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>3.36%<\/td>\n<\/tr>\n<tr>\n<td>Eternal Limited<\/td>\n<td>Retailing<\/td>\n<td>3.34%<\/td>\n<\/tr>\n<tr>\n<td>Indusind Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>3.32%<\/td>\n<\/tr>\n<tr>\n<td>Triparty Repo<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>3.15%<\/td>\n<\/tr>\n<tr>\n<td>Indus Towers Ltd.<\/td>\n<td>Telecom<\/td>\n<td>2.96%<\/td>\n<\/tr>\n<tr>\n<td>Radico Khaitan Ltd.<\/td>\n<td>Alcohol<\/td>\n<td>2.44%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 36.38% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-cap-fund-g-direct-plan\">Kotak Multi Cap Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, HDFC Bank Ltd., stands at 5.3%, which is meaningful but not overwhelming on its own. The next positions step down gradually, with Maruti Suzuki India Limited at 4.57% and Oracle Financial Services Software Ltd at 4.05%, so the portfolio does not rely on a single outsized position.<\/p>\n<p>The decline from the first holding to the tenth is fairly measured rather than steep. Even the tenth holding, Radico Khaitan Ltd. at 2.44%, still carries a visible weight, which suggests the disclosed core is spread across several positions instead of being dominated by one or two names.<\/p>\n<p>With the top 10 holdings accounting for 36.38% across 62 disclosed holdings, the portfolio may still have a long tail beyond the largest names. That combination points to a structure where the bigger positions could matter more to returns, but the overall spread also reduces dependence on any single stock.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund suits investors who can handle High Risk equity volatility and stay invested long enough for the portfolio to work through uneven periods. The 3-year return is stronger than the benchmark, but the 1-year result is much softer, so a short holding period may not be comfortable.<\/p>\n<p>The better fit is an investor with a multi-year horizon who can accept drawdowns in exchange for the possibility of stronger compounding than the index. The trade-off is clear: the fund has shown the ability to do well over a longer stretch, but recent fluctuations show that the path can still be choppy.<\/p>\n<p>Because the portfolio is spread across multiple sectors and many holdings, it may appeal to investors looking for broad equity exposure rather than a narrow theme. Even so, the return pattern suggests patience matters more than short-term outcome-chasing.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load<\/strong><\/p>\n<p>Nil up to 10% of investment and 1% for remaining investments on or before 1 year; nil after 1 year.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Kotak_Multi_Cap_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Kotak Multi Cap Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b921.061 as of 16 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_performed_over_1_year_3_years_and_5_years\"><\/span>How has the fund performed over 1 year, 3 years and 5 years?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is 2.63% and its 3-year return is 15.76%. The 5-year return is not available.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_the_benchmark\"><\/span>How does the fund compare with the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than NIFTY 50 over 1 month, 3 months, 1 year and 3 years. The gap is most noticeable over 3 years, where the fund is ahead of the benchmark by a wide margin.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_multi-cap_funds\"><\/span>How does it compare with peer multi-cap funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On the latest 1-year figures, several peers have stronger recent returns, while the fund\u2019s 3-year return remains competitive among peers with medium-term records. The short-term and longer-term comparisons do not tell the same story.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9100.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Devender Singhal and Abhishek Bisen. The exit load is nil up to 10% of investment and 1% for remaining investments on or before 1 year, and nil after 1 year.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kotak Multi Cap Fund Direct Growth Plan has a mixed but usable record: the latest 1-year return is modest, while the 3-year result is noticeably stronger than the benchmark. In the peer set, the short-term number looks softer than several recent standouts, but the medium-term figure still holds up reasonably well. The High Risk profile and the diversified spread across 62 disclosed holdings mean this is best viewed as a patient equity allocation rather than a quick-return story.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 11:36 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Kotak Multi Cap Fund Direct Growth Plan\",\"identifier\":\"kotak-multi-cap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"29 Sep 2021\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":21.061,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"30529 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.43\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":2.63},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":15.76},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Devender Singhal, Abhishek Bisen\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Kotak Multi Cap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b921.061 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed over 1 year, 3 years and 5 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is 2.63% and its 3-year return is 15.76%. The 5-year return is not available.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than NIFTY 50 over 1 month, 3 months, 1 year and 3 years. The gap is most noticeable over 3 years, where the fund is ahead of the benchmark by a wide margin.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer multi-cap funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On the latest 1-year figures, several peers have stronger recent returns, while the fund\u2019s 3-year return remains competitive among peers with medium-term records. The short-term and longer-term comparisons do not tell the same story.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Devender Singhal and Abhishek Bisen. The exit load is nil up to 10% of investment and 1% for remaining investments on or before 1 year, and nil after 1 year.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Multi Cap Fund Direct Growth Plan has a NAV of \u20b921.061 as of 16 Sep 2026, AUM of \u20b930,529 Cr and 1Y, 3Y, 5Y returns of 2.63%, 15.76% and Data not available.<\/p>\n","protected":false},"author":38,"featured_media":252062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-252064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["252062"],"rank_math_title":["Kotak Multi Cap Fund Direct Growth Review 2026"],"rank_math_description":["Kotak Multi Cap Fund Direct Growth Plan NAV is \u20b921.061; 1Y return is 2.63% and 3Y return is 15.76%. Read the 2026 review."],"rank_math_focus_keyword":["Kotak Multi Cap Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Kotak_Multi_Cap_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/252064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=252064"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/252064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/252062"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=252064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=252064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=252064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}