Kotak India EQ Contra Fund Direct Growth

Kotak India EQ Contra Fund Direct Growth

Equity

Direct

Contra

NAV as on 03-10-2024

₹ 180.37

0.4%

1D

Inception Returns

19.2%

/yr

About the Fund

Kotak India EQ Contra Fund Direct Growth 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 Growth has ₹3929 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Kotak India EQ Contra Fund Direct Growth has given a CAGR return of 19.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.01%, 25.47% and 26.39% respectively.

Holdings

Kotak India EQ Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Consumer Cyclical, Health, Consumer Defensive, Basic Materials, Utilities, Energy, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Bank Ltd, Tech Mahindra Ltd, Mphasis 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 Growth

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 Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
3736 people have invested ₹ 10.5Cr in Kotak India EQ Contra Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
2
/3
50% Performance
27% Risk Management
37% Cost
2 out of 3 among contra
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Beats FD returns for both 3Y & 5Y
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Highly volatile within category
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Poor track record of Recovering losses quickly
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5Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.55%
Benchmark
S&P BSE 500 India TR INR
AUM₹3929 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
31.42%
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
Very High Risk

Trailing Returns

as on (03-Oct-24)

Period
Kotak India EQ Contra Fund Direct Growth
Nifty 500
contra
1M
1.7%
-0.1%
2.5%
3M
7%
4%
9.5%
6M
22.4%
15.3%
25.3%
1Y
55%
37.7%
54.3%
3Y
25.5%
16.5%
24%
5Y
26.4%
20.9%
25.6%

Fund Distribution

as on (31-Aug-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Large cap
55.9%

Mid cap
21.5%

Small cap
19%

Sector Allocation

Aug'24

Jul'24

Jun'24

Financial Services
23.9%
Tech
11.2%
Industrial
11.1%
Consumer Cyclical
11%
Health
9.2%
Consumer Defensive
7.9%
Basic Materials
6.7%
Utilities
6.4%
Energy
5.8%
Communication
5.7%
Real Estate
1.1%
All changes are between Jun'24 and Aug'24
Aug'24
Jul'24
Jun'24
Fund Returns
1.39%
4.59%
7.38%
Nifty 500
0.97%
3.53%
3.50%
  • This fund’s returns stands at 1.39% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
  • This fund outperformed Nifty 500 by 0.43% in Aug'24
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 3.9K Cr
₹ 3.8K Cr
₹ 3.5K Cr
  • AUM of the fund stands at 3.9K Cr as of Aug'24
  • AUM increased by 168.5 Cr between Aug'24 and Jul'24
Top Stocks bought last month
Shoppers Stop Ltd's allocation increased from 0.07% to 0.86%
Shoppers Stop Ltd's allocation increased from 0.07% to 0.86%
Sapphire Foods India Ltd's allocation increased from 0.44% to 1.12%
Sapphire Foods India Ltd's allocation increased from 0.44% to 1.12%
Fortis Healthcare Ltd's allocation increased from 1.28% to 1.82%
Fortis Healthcare Ltd's allocation increased from 1.28% to 1.82%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.52 % to 4.41 %
HDFC Bank Ltd's allocation decreased from 5.52 % to 4.41 %
ICICI Bank Ltd's allocation decreased from 4.16 % to 4.03 %
ICICI Bank Ltd's allocation decreased from 4.16 % to 4.03 %
Reliance Industries Ltd's allocation decreased from 3.01 % to 2.89 %
Reliance Industries Ltd's allocation decreased from 3.01 % to 2.89 %
Mid Cap allocation has gone down from 23.2% to 21.5%
Mid Cap allocation has gone down from 23.2% to 21.5%
Large Cap allocation has gone down from 59.3% to 55.9%
Large Cap allocation has gone down from 59.3% to 55.9%
Small Cap allocation has gone up from 14.5% to 19%
Small Cap allocation has gone up from 14.5% to 19%
Cash allocation has gone down from 1.6% to 1.1%
Cash allocation has gone down from 1.6% to 1.1%

Top 3 Sectors in August were Financial Services, Tech & Industrial

Aug'24
Financial Services
24%
Tech
11%
Industrial
11%
Jul'24
Financial Services
24%
Tech
11%
Industrial
11%
Fund
Aug'24
Jul'24
Jun'24
No of Holdings
69
68
70
Top 5 Company Concentration
18.5%
19.4%
18.8%
Company having highest exposure
HDFC Bank Ltd (4.4%)
HDFC Bank Ltd (5.5%)
HDFC Bank Ltd (5.5%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
66.5%
65.5%
66.7%
Sector having highest exposure
Financial Services (23.9%)
Financial Services (24.3%)
Financial Services (26.1%)
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Shibani Kurian
Shibani Kurian
Fund Manager of Kotak India EQ Contra Fund Direct Growth, since 9 May 2019
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.66L Cr
as on 31-Aug-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 experienced a 53.0% growth in AUM moving from 2.56K Cr to 3.92K Cr.
Insights icon
In the last 3 years, SBI Contra Fund Direct Growth has given 28.57% return, outperforming this fund by 3.1% per annum.
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This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.07%.
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In the last 5 years, SBI Contra Fund Direct Growth has given 33.28% return, outperforming this fund by 6.89% per annum.
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Over the last 6 months, this fund has decreased expense ratio by 21.4% moving from 0.70 to 0.55.
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In the last 1 year, Invesco India Contra Fund Direct Plan Growth has given 55.52% return, outperforming this fund by 0.51%.

Kotak India EQ Contra Fund Direct Growth 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 19.16% since inception which is more than its category average return of 17.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.9% in Equity, 0% in Debt and 1.1% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 20393 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.11%

Frequently Asked Questions

The current NAV of Kotak India EQ Contra Fund Direct Growth is ₹180.37 as on 03-Oct-2024.
Existing (Absolute + CAGR) as on 03-Oct-2024.
Kotak India EQ Contra Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.75%
1.75%
6 Month Returns
22.42%
22.42%
1 Year Returns
55.01%
55.01%
3 Years Returns
97.53%
25.47%
5 Years Returns
222.51%
26.39%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.55% as on September 2024
₹3929 Cr as on September 2024
HDFC Bank Ltd(4.41%), Infosys Ltd(4.12%), ICICI Bank Ltd(4.03%), Tech Mahindra Ltd(3.02%), Mphasis Ltd(2.95%) as on September 2024
Financial Services(23.63%), Tech(11.11%), Industrial(10.98%) as on September 2024
The alpha ratio for the Kotak India EQ Contra Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak India EQ Contra Fund Direct Growth
7.6
5.84
3.42
As on September 2024
The alpha for Kotak India EQ Contra Fund Direct Growth 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak India EQ Contra Fund Direct Growth
1.05
0.98
0.98
As on September 2024
The Beta for Kotak India EQ Contra Fund Direct Growth 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 Growth 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 Growth
3.15
1.36
1.07
As on September 2024
The sharpe ratio for Kotak India EQ Contra Fund Direct Growth 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 Growth 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 Growth
12.06
13.08
18.83
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.
Sortino ratio is 2.82 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.12 as on September 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 Growth
The Exit load of Kotak India EQ Contra Fund Direct Growth is 1%