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Latest Cohesion MK Best Ideas Portfolio Latest Stocks and Shareholdings in 2026

Cohesion MK Best Ideas Sub-Trust is the India-facing investment vehicle of Cohesion MK Best Ideas. The fund is built around an exclusive partnership with Madhusudan Kela, one of India's most celebrated equity investors, widely known as "The King of the Multi-Bagger". The fund invests in 20–25 high-conviction, main-market listed equities in India across a range of sectors with a net worth of over ₹1,475.0 Cr. Here, we cover the fund profile, current holdings, sector allocation, and investment strategy based on publicly available shareholding disclosures.

Latest Cohesion MK Best Ideas Stock Portfolio & Holdings (2026)

Cohesion Mk Best Ideas Sub-trust Portfolio Stock Screener

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NameStocks (13)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Manappuram Finance LtdMANAPPURAMConsumer FinanceConsumer Finance22,358.5722,358.57259.25259.2518.3818.38-1.86-1.86-15.06-15.06-11.79-11.7919.2019.201.801.8010.1210.123.453.451.511.512.902.902.252.25
2.RBL Bank LtdRBLBANKPrivate BanksPrivate Banks18,055.0318,055.03297.25297.2525.1825.181.761.76-10.14-10.1410.2210.2280.6280.621.151.154.704.701.941.940.340.340.000.002.502.50
3.Tilaknagar Industries LtdTIAlcoholic BeveragesAlcoholic Beverages10,750.7010,750.70434.40434.4046.8246.82-0.13-0.13-3.25-3.25-6.09-6.0979.3379.3312.1912.1929.8929.8925.5325.530.180.180.050.053.283.28
4.Nazara Technologies LtdNAZARATheme Parks & GamingTheme Parks & Gaming8,978.228,978.22235.35235.35118.41118.41-2.89-2.89-13.76-13.76-14.77-14.77-1.77-1.772.772.772.722.722.212.21--0.070.072.732.73
5.Embassy Developments LtdEMBDLReal EstateReal Estate6,927.936,927.9347.7947.7934.7134.71-4.11-4.11-24.14-24.14-51.11-51.11-58.57-58.570.740.744.744.743.643.64--0.490.493.093.09
6.Dynamatic Technologies LtdDYNAMATECHAuto PartsAuto Parts6,449.836,449.839,701.009,701.00149.86149.862.152.15-1.93-1.9335.1235.1253.8353.838.998.996.216.2111.1211.120.020.020.800.802.972.97
7.Shilpa Medicare LtdSHILPAMEDPharmaceuticalsPharmaceuticals6,155.946,155.94323.25323.2578.6278.622.702.70-1.04-1.04-21.01-21.01-1.63-1.632.602.603.763.767.517.510.160.160.250.252.892.89
8.Supriya Lifescience LtdSUPRIYAPharmaceuticalsPharmaceuticals4,667.204,667.20584.20584.2024.8324.830.740.74-14.57-14.57-21.79-21.79-9.55-9.554.684.6820.7420.7424.3024.300.170.170.010.012.562.56
9.IndoStar Capital Finance LtdINDOSTARConsumer FinanceConsumer Finance3,104.753,104.75199.10199.1025.7625.763.593.59-15.64-15.64-22.66-22.66-31.89-31.890.850.853.513.511.241.24--1.901.903.173.17
10.Prataap Snacks LtdDIAMONDYDPackaged Foods & MeatsPackaged Foods & Meats2,184.072,184.07908.00908.00-63.69-63.69-0.62-0.62-15.37-15.37-10.71-10.71-14.17-14.173.163.16-4.83-4.83-4.79-4.790.050.050.110.112.342.34
11.Utkarsh Small Finance Bank LtdUTKARSHBNKDiversified FinancialsDiversified Financials2,105.182,105.1811.8811.8888.8388.830.420.42-14.29-14.29-36.23-36.23-39.82-39.820.710.710.800.800.420.42--0.000.003.233.23
12.Himatsingka Seide LtdHIMATSEIDETextilesTextiles987.71987.7179.3279.3212.9912.990.980.98-26.17-26.17-38.01-38.01-46.69-46.690.490.494.234.239.589.580.320.321.261.263.193.19
13.Niyogin Fintech LtdNIYOGINDiversified FinancialsDiversified Financials397.15397.1536.8936.89-24.99-24.993.333.33-18.40-18.40-42.32-42.32-17.49-17.491.211.21-5.15-5.15-5.29-5.29--0.290.293.953.95
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: The table contains publicly disclosed Cohesion MK Best Ideas Sub-Trust holdings as of 31st December 2025.

Cohesion MK Best Ideas' Bulk and Block Deals

Bulk and block deals improve market transparency and explain sharp changes in stock volumes. These disclosures help track where large funds deploy capital and which sectors attract or lose interest over time. Analysts often review such deals to understand portfolio shifts and changing market sentiment.


Here's how you can find the latest bulk and block deals by Cohesion MK Best Ideas:

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The results show Cohesion MK Best Ideas' latest bulk and block deals. The platform also allows date filtering to review historical transactions and identify patterns over time.

Investor Profile – Cohesion MK Best Ideas Sub-Trust

Cohesion MK Best Ideas Sub-Trust is the India-domiciled investment sub-trust through which Cohesion MK Best Ideas, the flagship fund of Cohesion Asset Management Limited, holds its publicly disclosed listed equity positions in India. The fund was co-founded by Spike Hughes, Founder and CEO of Cohesion, and Madhusudan Kela (Madhu Kela), one of India's most celebrated equity investors. Madhu Kela serves as the exclusive investment partner, bringing over 30 years of on-the-ground experience in Indian equity markets. The fund was launched on 1st August 2020 and is designed with a strictly limited capacity, available by invitation only to institutional investors and family offices globally.

  1. Fund name: Cohesion MK Best Ideas Sub-Trust
  2. Parent entity: Cohesion Asset Management Limited (Abu Dhabi, UAE)
  3. Fund launch date: 1st August 2020
  4. Co-founders: Spike Hughes (CEO, Cohesion) and Madhusudan Kela (Exclusive Investment Partner)
  5. Investment partner: Madhusudan Kela (Madhu Kela) — formerly Chief Investment Strategist, Reliance Capital (2010–2017)
  6. Disclosed portfolio value (₹): ₹1,475.0 Cr (as per Dec 2025 filings)
  7. No. of disclosed portfolio companies: 13 stocks (Dec 2025)
  8. Investor base: Institutional investors and family offices (by invitation only)


Overview of Top Stocks Under Cohesion MK Best Ideas Fund

RBL Bank Ltd

RBL Bank is a private sector commercial bank focused on micro-finance, rural banking, small business lending, and retail financial services. It has built a significant credit card and unsecured lending franchise alongside its wholesale banking business.

Manappuram Finance Ltd

Manappuram Finance is one of India's leading gold loan NBFCs, with a large branch network primarily across South India. It has diversified into microfinance (Asirvad), housing finance, commercial vehicle loans, and SME lending.

Dynamatic Technologies Ltd

Dynamatic Technologies is a precision engineering company with businesses in aerospace components, automotive systems, and hydraulics. It is an approved supplier to global aerospace majors and manufactures structural components for commercial aircraft.

Shilpa Medicare Ltd

Shilpa Medicare is a pharmaceutical company specialising in oncology active pharmaceutical ingredients (APIs), formulations, and complex generics. It operates globally with a strong regulatory track record and serves markets in the US, Europe, Japan, and India.

Nazara Technologies Ltd

Nazara Technologies is India's leading listed gaming and sports media company. It operates across multiple formats, including mobile gaming, esports, fantasy sports, and gamified early learning. The company has made several strategic acquisitions and continues to scale its portfolio of gaming brands both domestically and internationally.

Cohesion Mk Best Ideas Sub-trust Portfolio Composition

The table below shows the publicly disclosed portfolio composition of Cohesion MK Best Ideas Sub-trust, including quantity held, holding percentage, change from the previous quarter, and holding value.

Stock Name Holding Value (in Cr.) Quantity Held Holding Percent (%) Change from Previous Qtr (%)
RBL Bank Ltd 259.4 8,411,111 1.36 0
Manappuram Finance Ltd 237.1 9,057,522 1.07 0
Dynamatic Technologies Ltd 158.4 150,000 2.21 0
Shilpa Medicare Ltd 144 4,252,274 2.17 0
Nazara Technologies Ltd 142.3 5,795,312 1.56 0
Supriya Lifescience Ltd 123.8 2,046,467 2.54 0
Tilaknagar Industries Ltd 115.3 2,525,000 1.02 0
Utkarsh Small Finance Bank Ltd 72.4 57,142,857 3.21 NEW
IndoStar Capital Finance Ltd 68.9 3,259,247 2.02 -0.36
Prataap Snacks Ltd 66.5 668,000 2.79 0
Himatsingka Seide Ltd 44.8 5,115,960 4.07 0
Indiabulls Real Estate Ltd 28.7 29,394,431 1.26 NEW
Niyogin Fintech Ltd 28.6 8,420,000 7.57 0

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Cohesion MK Net Worth

As per corporate shareholdings filed for December 2025, Cohesion MK Best Ideas Sub-Trust publicly holds 13 stocks with a disclosed portfolio value of over ₹1,475.0 Cr in India. This figure reflects only positions in listed Indian companies where the Sub-Trust's stake crosses the mandatory 1% public disclosure threshold.

Cohesion MK Best Ideas' Investment Strategy

High-Conviction, Concentrated Portfolio

Cohesion MK Best Ideas typically holds 20–25 stocks at any time. The fund only invests in stocks where Madhu Kela and his team believe there is substantial upside and limited downside over an appropriate time frame. This concentrated, benchmark-agnostic approach allows the fund to look very different from broad Indian stock market indices.

Private Equity Rigour

Before making an investment, the team conducts exhaustive research, including deep relationships with company suppliers, customers, bankers, current and former management teams, sector academics, and government officials overseeing the relevant industry. This level of information access, built over Madhu Kela's three decades in Indian markets, is the fund's core competitive advantage.

Adjusting Between Capital Preservation and Appreciation

One of the defining characteristics of Cohesion MK Best Ideas is its ability to shift between capital preservation and maximum capital appreciation depending on market conditions. This dynamic positioning has contributed to the fund's track record of outperforming across different market environments since launch in August 2020.

Early Identification of Scalable Business Models

Madhu Kela's stated investment edge is identifying passionate entrepreneurs and scalable business models early and nurturing them throughout their wealth-creation journey. This approach echoes his track record at Reliance Mutual Fund, where he identified multi-bagger stocks in small and mid-cap companies well before institutional interest.

Selective Contrarian Bets

The Cohesion MK Best Ideas portfolio includes several positions in businesses that are currently under-appreciated by the market. These are companies where the fund perceives a mismatch between the current price and intrinsic value.

Learnings From Cohesion MK Best Ideas Portfolio

Owning Growth at a Reasonable Price

The Cohesion MK Best Ideas portfolio follows a disciplined approach to valuation. The fund focuses on companies where earnings growth looks strong, but the market’s growth expectations still appear moderate. This approach helps the fund avoid paying excessive prices for growth and keeps valuation discipline at the centre of portfolio construction.

Sector Rotation as Market Conditions Change

The portfolio shows changes in sector exposure over time. The fund rotates across sectors based on market conditions and investment opportunities. Exposure has increased in areas such as financials, pharma, and defence when conditions supported the thesis.

Small and Mid-Caps With Multi-Bagger Potential

Madhu Kela built his reputation by identifying potential multi-bagger stocks in small and mid-cap Indian companies. The Cohesion MK Best Ideas portfolio continues this approach. The fund sometimes takes larger ownership positions of around 5–7% in select companies, showing strong conviction behind these investments.

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Cohesion MK Best Ideas: Sector Allocation

Banking and Financial Services

Financial services is the largest disclosed sector in the Cohesion MK Best Ideas portfolio. RBL Bank is a private commercial bank, while Manappuram Finance is one of India's leading gold loan NBFCs. These two holdings reflect the fund's conviction in India's financial sector recovery and the structural growth opportunity in credit penetration.

NBFCs and Fintech

Beyond listed banks, the portfolio includes Indostar Capital Finance, Niyogin Fintech Ltd and Utkarsh Small Finance Bank Ltd. These three holdings together represent the fund's bet on India's underpenetrated credit markets, covering commercial vehicle finance, digital micro-lending, and microfinance banking, respectively.

Pharmaceuticals and Life Sciences

The fund holds two pharmaceutical positions. Shilpa Medicare Ltd is an oncology API and formulations specialist with a strong global regulatory footprint, while Supriya Lifescience Ltd is an API manufacturer serving regulated markets in antihistamines, vitamins, and anaesthesia compounds. Both companies operate in the complex, high-barrier segment of the Indian pharma supply chain.

Technology and Digital

Nazara Technologies Ltd represents the fund's exposure to India's fast-growing digital gaming and sports media space. Nazara is India's leading listed gaming company, operating across mobile gaming, esports, and gamified learning with a portfolio of brands targeting Indian youth consumers.

Aerospace and Defence Engineering

Dynamatic Technologies Ltd provides the portfolio with focused exposure to India's growing aerospace and precision engineering sector. The company manufactures structural components for global commercial aircraft and is a strategic partner to major international aerospace OEMs.

Conclusion

Cohesion MK Best Ideas Sub-Trust's publicly disclosed Indian equity portfolio of 13 stocks, valued at approximately ₹1,475.0 Cr, reflects Madhu Kela's long-standing investment philosophy of finding reasonably valued businesses with strong earnings growth potential and holding them with conviction.

That said, investors should avoid copying or blindly following any fund's portfolio, regardless of past performance. Investment goals, risk appetite, and time horizons differ for every individual. Access to Cohesion MK Best Ideas itself is by invitation only and is restricted to qualified institutional investors and family offices.

For independent stock analysis, investors can use the Tickertape Stock Screener, which provides 200+ filters to evaluate companies across fundamentals, valuations, and financial strength. Investors can also monitor major stock activity and prominent investor movements through Tickertape Market Movers.

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Frequently Asked Questions About the Cohesion MK Best Ideas Sub-Trust Portfolio

  1. What does the Cohesion MK Best Ideas portfolio 2026 include?

    As per corporate shareholdings filed for December, 2025, Cohesion MK Best Ideas Sub-Trust publicly holds 13 stocks with a disclosed portfolio value of over ₹1,475.0 Cr.

  2. What are the top stocks that Cohesion MK Best Ideas holds?

    As per the latest disclosed shareholding data (December 2025), the top stocks under Cohesion MK Best Ideas Sub-Trust, as per value, include:
    1. RBL Bank Ltd
    2. Manappuram Finance Ltd
    3. Dynamatic Technologies Ltd
    4. Shilpa Medicare Ltd
    5. Nazara Technologies Ltd

    Disclaimer: The stocks mentioned in this MK Ventures portfolio are for educational purposes only and should not be considered investment advice.

  3. Who manages Cohesion MK Best Ideas?

    Cohesion MK Best Ideas is managed through an exclusive partnership with Madhusudan Kela (Madhu Kela) and his team at Invexa Capital, operating under the umbrella of Cohesion Asset Management Limited, an Abu Dhabi-registered and ADGM-regulated investment manager. The fund was co-founded by Spike Hughes (CEO, Cohesion) and Madhu Kela and launched on 1st August 2020.

  4. What is the net worth of Cohesion MK Best Ideas?

    As per corporate shareholdings filed for December, 2025, Cohesion MK Best Ideas Sub-Trust's publicly disclosed Indian equity portfolio is valued at over ₹1,475.0 Cr. This covers only its disclosed listed equity positions in India. The fund's full AUM is not publicly disclosed, as it is a closed, invitation-only vehicle for institutional investors.

    Disclaimer: This information is based on publicly available information only.

  5. What is the investment philosophy of Cohesion MK Best Ideas?

    Cohesion MK Best Ideas follows a high-conviction, benchmark-agnostic approach to Indian equities. The fund typically holds 20–25 stocks selected for substantial upside and limited downside potential. It adopts private equity-level due diligence, leverages on-the-ground access to company managements, suppliers, customers, and policymakers, and dynamically adjusts between capital preservation and maximum capital appreciation across different market environments.

  6. What sectors does Cohesion MK Best Ideas invest in?

    Cohesion MK Best Ideas’ disclosed portfolio spans multiple sectors, including banking and financial services, NBFCs and fintech, pharmaceuticals, technology and gaming, aerospace engineering, alcoholic beverages, consumer food products, textiles, and real estate.

    Disclaimer: This information is for educational purposes only and should not be considered investment advice.

  7. Who is the owner of Cohesion MK Best Ideas?

    Cohesion MK Best Ideas is managed by Cohesion Asset Management. The firm was founded by CEO Spike Hughes, who has over 30 years of investment experience. In India, the fund operates in partnership with Madhusudan Kela, a well-known investor in the Indian stock market.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.