Kotak BSE Housing Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 22-10-2024
₹ 13.88
1D
Inception Returns
36%
/yr
About Kotak BSE Housing Index Fund Direct Growth
Kotak BSE Housing Index Fund Direct Growth is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Devender Singhal, Abhishek Bisen. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak BSE Housing Index Fund Direct Growth has ₹19 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Kotak BSE Housing Index Fund Direct Growth has given a CAGR return of 35.98% since inception. Over the last 1 year the fund has given a CAGR return of 37.51%.
Holdings
Kotak BSE Housing Index Fund Direct Growth has allocated its funds majorly in Basic Materials, Real Estate, Industrial, Tech, Financial Services. Its top holdings are Dixon Technologies (India) Ltd, Voltas Ltd, Asian Paints Ltd, Grasim Industries Ltd, Godrej Properties Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Kotak BSE Housing Index Fund Direct Growth
The investment objective of the scheme is to replicate the composition of the S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak BSE Housing Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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723 people have invested ₹ 5L in Kotak BSE Housing Index Fund Direct Growth in the last three months
Kotak BSE Housing Index Fund Direct Growth Overview
| Expense ratio | 0.22% |
Benchmark | BSE Housing TR INR |
| AUM | ₹19 Cr |
| Inception Date | 28 August, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 90.2% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Sep-24)
Mid cap
57.7%
Large cap
39.6%
Small cap
2.8%
Sector Allocation
Basic Materials
39.2%
Real Estate
27.1%
Industrial
24.1%
Tech
6.4%
Financial Services
3.2%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 3.72% whereas the fund’s underlying benchmark Nifty 50 returns stands at 2.11% as on Sep'24
- This fund outperformed Nifty 50 by 1.62% in Sep'24
- AUM of the fund stands at 18.3 Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
JK Cement Ltd's allocation increased from 2.54% to 3.1%
Godrej Properties Ltd's allocation increased from 4.87% to 5.28%
Ambuja Cements Ltd's allocation increased from 4.53% to 4.91%
Top Stocks sold last month
Phoenix Mills Ltd's allocation decreased from 5.4 % to 5.16 %
UltraTech Cement Ltd's allocation decreased from 5.02 % to 4.97 %
Polycab India Ltd's allocation decreased from 4.77 % to 4.75 %
Mid Cap allocation has gone up from 52.3% to 57.7%
Large Cap allocation has gone down from 46.3% to 39.6%
Small Cap allocation has gone up from 0% to 2.8%
Cash allocation has gone down from 1.5% to -0.1%
Top 3 Sectors in September were Basic Materials, Real Estate & Industrial
Sep'24
Basic Materials
39%
Real Estate
27%
Industrial
24%
Aug'24
Basic Materials
39%
Real Estate
27%
Industrial
24%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 7.9% |
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Devender Singhal
Fund Manager of Kotak BSE Housing Index Fund Direct Growth, since 4 September 2023
Top funds managed
Abhishek Bisen
Fund Manager of Kotak BSE Housing Index Fund Direct Growth, since 4 September 2023
Top funds managed
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.68L Cr
as on 30-Sep-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com
Kotak BSE Housing Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 35.98% since inception which is more than its category average return of 19.1%
Fund Allocations
This fund has an allocation of 100.09% in Equity, 0% in Debt and -0.09% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 854 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.51%
Frequently Asked Questions for Kotak BSE Housing Index Fund Direct Growth
The current NAV of Kotak BSE Housing Index Fund Direct Growth is ₹13.88 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
Kotak BSE Housing Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.83% | -4.83% |
6 Month Returns | 16.47% | 16.47% |
1 Year Returns | 37.51% | 37.51% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.22% as on September 2024
₹19 Cr as on September 2024
Dixon Technologies (India) Ltd(6.38%), Voltas Ltd(6.09%), Asian Paints Ltd(5.47%), Grasim Industries Ltd(5.45%), Godrej Properties Ltd(5.28%) as on September 2024
Basic Materials(39.25%), Real Estate(27.11%), Industrial(24.14%) as on September 2024
The alpha ratio for the Kotak BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
As on September 2024
The alpha for Kotak BSE Housing Index Fund Direct Growth is calculated against BSE Housing TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Kotak BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
As on September 2024
The Beta for Kotak BSE Housing Index Fund Direct Growth is calculated with BSE Housing TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Kotak BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak BSE Housing Index Fund Direct Growth | 2.21 | - | - |
As on September 2024
The sharpe ratio for Kotak BSE Housing Index Fund Direct Growth is calculated with BSE Housing TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Kotak BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak BSE Housing Index Fund Direct Growth | 14.6 | - | - |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Devender Singhal, Abhishek Bisen are the fund managers of Kotak BSE Housing Index Fund Direct Growth
The Exit load of Kotak BSE Housing Index Fund Direct Growth is 0%