Beyond tech: Kotak MF’s Shibani Kurian on India’s next innovation-led winners
Kotak Mahindra Bank is in focus in a mutual funds development.
· Economic Times Markets
Innovation-led investment opportunities in India are extending well beyond technology, with healthcare, auto components and industrials emerging as key areas of interest, according to Shibani Kurian, Head of Equity Research and Senior Fund Manager at Kotak Mahindra AMC. “Innovation can be seen across sectors and not necessarily limited to technology,” she said.
The analysis
Against that, the stock is +0.1% on the day at ₹458.95, and has returned +17.4% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -6.0% over the same period, so Kotak Mahindra Bank is running 23.4 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Market context
- In focus: Kotak Mahindra Bank (KOTAKBANK), in Banks.
- Over three months: Kotak Mahindra Bank +17.4% against Banks -6.0% (23.4 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Kotak Mahindra BankKOTAKBANK · Banks | ₹458.95 | +0.1% | +9.6% | +17.4% | -0.6% | 0.5× | — |
Banks
1M -2.4% · 3M -6.0%
Kotak Mahindra Bank
Auto
1M -1.5% · 3M -6.8%
Prices as of 3 Nov 2026, 13:21 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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