Kotak Equity Arbitrage Fund Direct Growth

Kotak Equity Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 12-11-2024

₹ 38.24

0.1%

1D

Inception Returns

7.1%

/yr

About Kotak Equity Arbitrage Fund Direct Growth

Kotak Equity Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Hiten Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Kotak Equity Arbitrage Fund Direct Growth has ₹53683 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Kotak Equity Arbitrage Fund Direct Growth has given a CAGR return of 7.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.49%, 7.07% and 6.14% respectively.

Holdings

Kotak Equity Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Corporate, Energy, Tech, Industrial, Health, Consumer Defensive, Utilities, Communication, Government, Real Estate.

Taxation

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Kotak Equity Arbitrage Fund Direct Growth

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Equity Arbitrage Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2422 people have invested ₹ 54.7Cr in Kotak Equity Arbitrage Fund Direct Growth in the last three months

Kotak Equity Arbitrage Fund Direct Growth Overview

Expense ratio0.43%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹53683 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
2088.41%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (12-Nov-24)

Period
Kotak Equity Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.8%
0.6%
3M
1.9%
1.6%
6M
4.1%
3.5%
1Y
8.5%
7.4%
3Y
7.1%
6.1%
5Y
6.1%
5.2%

Fund Distribution

as on (30-Sep-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Cash Equivalent
86.1%
Corporate
12.1%
Government
1.9%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 53.4K Cr
₹ 53.4K Cr
₹ 51.6K Cr
  • AUM of the fund stands at 53.4K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Financial Services, Industrial & Basic Materials

Sep'24
Financial Services
21%
Basic Materials
15%
Consumer Cyclical
13%
Aug'24
Financial Services
27%
Industrial
14%
Basic Materials
12%
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Hiten Shah
Hiten Shah
Fund Manager of Kotak Equity Arbitrage Fund Direct Growth, since 3 October 2019
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

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has decreased expense ratio by 2.3% moving from 0.44 to 0.43.
Insights icon
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.43% which is lower than the category average expense ratio of 0.7%.
Insights icon
Over the last 6 months, this fund has experienced a 23.4% growth in AUM moving from 43.51K Cr to 53.68K Cr.
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This fund with AUM at ₹53682.67Cr is among the largest funds in the arbitrage fund category.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.24% return, outperforming this fund by 0.1% per annum.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.3% return, outperforming this fund by 0.23% per annum.
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In the last 1 year, this fund has outperformed all funds in its category.

Kotak Equity Arbitrage Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.07% since inception which is more than its category average return of 5.39%
AUM size ₹53683 Cr

AUM size ₹53683 Cr

This fund has AUM of ₹53683 Cr which is more than its category average of ₹ 7618 Cr
Expense Ratio 0.43%

Expense Ratio 0.43%

This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 0.7%

Frequently Asked Questions for Kotak Equity Arbitrage Fund Direct Growth

The current NAV of Kotak Equity Arbitrage Fund Direct Growth is ₹38.24 as on 12-Nov-2024.
Existing (Absolute + CAGR) as on 12-Nov-2024.
Kotak Equity Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.75%
0.75%
6 Month Returns
4.08%
4.08%
1 Year Returns
8.49%
8.49%
3 Years Returns
22.73%
7.07%
5 Years Returns
34.74%
6.14%
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.
0.43% as on October 2024
₹53683 Cr as on October 2024
Kotak Money Market Dir Gr(12.68%), Kotak Savings Fund Dir Gr(6.12%), Reliance Industries Ltd(2.93%), HDFC Bank Ltd(2.59%), Infosys Ltd(2.33%) as on October 2024
Cash Equivalent(86.54%), Corporate(12.13%), Government(1.88%) as on October 2024
AAA
100
Hiten Shah is the fund manager of Kotak Equity Arbitrage Fund Direct Growth
The Exit load of Kotak Equity Arbitrage Fund Direct Growth is 0.25%