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Flexicap Fund Hits 15-Year Milestone with Stellar Returns
7 Feb
Summary
- Fund achieved 16.59% CAGR since inception over 15 years.
- Consistent performance across market cycles by investing across market caps.
- Focus on companies with durable earnings and strong capital efficiency.
Kotak Flexicap Fund has marked its 15th anniversary, showcasing a remarkable compound annual growth rate (CAGR) of 15.70% over the past decade and 16.87% over five years, as of December 31, 2025. This consistent performance across various market cycles is a testament to its investment strategy.
The fund's approach, led by Harsha Upadhyaya, CIO of Kotak Mahindra AMC, emphasizes companies with durable earnings and high capital efficiency. This strategy combines meticulous bottom-up stock selection with informed top-down sector perspectives. As of December 2025, the portfolio was notably weighted towards large-cap stocks (approximately 73%), with significant allocations to mid-cap (19%) and a smaller portion to small-cap (5%) segments.
Nilesh Shah, MD of Kotak Mahindra AMC, highlighted that this milestone reflects sustained investor confidence and the enduring value of flexible flexicap strategies. These strategies allow dynamic allocation across market capitalizations based on expert investment judgment, adapting to market conditions.
