Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl

Equity
Direct
Contra
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl

About the Fund

Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Shibani Kurian. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl has ₹3136 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl has given a CAGR return of 15.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.54%, 25.87% and 21.17% respectively.

Holdings

Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Consumer Defensive, Tech, Utilities, Energy, Basic Materials, Communication, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, State Bank of India, Infosys Ltd

Taxation

As it is a contra 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued. Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks. We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
22 people have invested ₹ 1.2L in Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl in the last three months

Fund Overview

Expense ratio0.6%
Benchmark
S&P BSE 500 India TR INR
AUM₹3136 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
18.41%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 97%

  • Debt & Cash 3%

Large cap
59.7%

Mid cap
22.1%

Small cap
15.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
24.8%
Industrial
13.6%
Consumer Cyclical
10.2%
Health
9.1%
Consumer Defensive
8.5%
Tech
8.4%
Utilities
7%
Energy
6.8%
Basic Materials
5.7%
Communication
4.6%
Real Estate
1.4%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Shibani Kurian
Shibani Kurian
Fund Manager of Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl, since 9 May 2019

Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl Highlights

Risk meter
pointer

Very High Risk

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

About the fund

This fund has delivered an average annual returns of 15.59% since inception which is less than its category average return of 17.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 97% in Equity, 0% in Debt and 3% in Cash related instruments
AUM size ₹3136 Cr

AUM size ₹3136 Cr

This fund has AUM of ₹3136 Cr which is less than its category average of ₹ 16245 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.16%

Frequently Asked Questions

The current NAV of Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is ₹59.63 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
Absolute Returns
CAGR Returns
1 Month Returns
8.75%
8.75%
6 Month Returns
24.79%
24.79%
1 Year Returns
55.54%
55.54%
3 Years Returns
99.44%
25.87%
5 Years Returns
161.19%
21.17%
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.
0.6% as on May 2024
₹3136 Cr as on May 2024
ICICI Bank Ltd(4.61%), HDFC Bank Ltd(3.51%), Reliance Industries Ltd(3.17%), State Bank of India(2.83%), Infosys Ltd(2.75%) as on May 2024
Financial Services(24.02%), Industrial(13.17%), Consumer Cyclical(9.85%) as on May 2024
The alpha ratio for the Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
9.19
5.99
1.45
As on May 2024
The alpha for Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is calculated against S&P BSE 500 India 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 India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
1.08
0.96
1.02
As on May 2024
The Beta for Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is calculated with S&P BSE 500 India 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 India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
3
1.39
0.75
As on May 2024
The sharpe ratio for Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is calculated with S&P BSE 500 India 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 India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
11.73
12.73
20.17
As on May 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.
Sortino ratio is 2.81 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.92 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Shibani Kurian is the fund manager of Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl
The Exit load of Kotak India EQ Contra Fund -Direct Reinvestment of Income Dis cum Cap wdrl is 1%