Kotak Mutual Fund: SBI, Eternal, RIL Feature Among Top Holdings in November 2025

Kotak Mutual Fund had assets under management of ₹5.94 lakh crore as of November 2025, as per report from Motilal Oswal Financial Services.  

During the month, the fund house managed 160 schemes across equity, debt and hybrid categories. The portfolio remained largely invested in established large-cap companies. 

Banking Stocks Exposure 

Banking stocks continued to account for a sizeable share of the portfolio. HDFC Bank was the largest holding at around 4.1% in November, higher by 0.1% compared with the previous month.  

ICICI Bank followed with an allocation of about 3.1%, though its weight declined by 0.2% on a month-on-month basis. 

State Bank of India held a weight of nearly 2.8%. Around 16.99 lakh shares of SBI were added during the month, leading to a 0.1% increase in its portfolio share. 

Changes in Other Holdings 

Eternal accounted for roughly 2.4% of the portfolio in November, with its weight falling by 0.1% from October.  

Bharat Electronics Limited (BEL) stood at about 2.2% and also saw a 0.1% reduction in allocation. 

Bharti Airtel’s weight rose to around 2.1% after the addition of nearly 27.43 lakh shares, translating into a 0.2% increase over the previous month. 

RIL, Axis Bank and Other Stocks in Portfolio 

Reliance Industries Limited and Axis Bank each formed about 1.9% of the portfolio. RIL’s weight declined by 0.1% in November, while Axis Bank’s allocation rose by 0.1%. 

Maruti Suzuki and Infosys were among the other key holdings, with allocations of around 1.7% each. Maruti Suzuki’s weight remained unchanged, whereas Infosys recorded a 0.1% rise. 

Read More: HDFC Bank, RIL, and Infosys Lead ICICI Prudential Mutual Fund’s Top Picks for November 2025! 

Conclusion 

Kotak Mutual Fund’s November holdings showed small adjustments across key stocks, with additions in select banking and telecom names and marginal trimming in others, while the overall portfolio structure remained broadly unchanged. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.