Kotak Infrastructure & Economic Reform Fund Direct Growth

Kotak Infrastructure & Economic Reform Fund Direct Growth

Equity

Direct

Equity - Infrastructure

NAV as on 05-12-2024

₹ 81.05

0.2%

1D

Inception Returns

20.2%

/yr

About Kotak Infrastructure & Economic Reform Fund Direct Growth

Kotak Infrastructure & Economic Reform Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak Infrastructure & Economic Reform Fund Direct Growth has ₹2368 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Kotak Infrastructure & Economic Reform Fund Direct Growth has given a CAGR return of 20.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 43.14%, 30.69% and 30.47% respectively.

Holdings

Kotak Infrastructure & Economic Reform Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Communication, Utilities, Financial Services, Tech, Real Estate, Energy. Its top holdings are Bharti Airtel Ltd, Shree Cement Ltd, UltraTech Cement Ltd, Larsen & Toubro Ltd, Solar Industries India Ltd

Taxation

As it is a equity - infrastructure 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 Infrastructure & Economic Reform Fund Direct Growth

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms. 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 Infrastructure & Economic Reform Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
10573 people have invested ₹ 3.6Cr in Kotak Infrastructure & Economic Reform Fund Direct Growth in the last three months

INDmoney Rank for Kotak Infrastructure & Economic Reform Fund Direct Growth

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Beats FD returns for both 3Y & 5Y duration
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Kotak Infrastructure & Economic Reform Fund Direct Growth Overview

Expense ratio0.62%
Benchmark
S&P BSE 500 India TR INR
AUM₹2368 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
4.32%
STCGSelling mutual fund 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 (05-Dec-24)

Period
Kotak Infrastructure & Economic Reform Fund Direct Growth
Nifty 500
equity - infrastructure
1M
3.4%
2.6%
2.8%
3M
-2.6%
-2%
-2.5%
6M
10.6%
10.6%
12.2%
1Y
43.1%
25.2%
39.4%
3Y
30.7%
16.1%
28.5%
5Y
30.5%
19%
28.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.2%

  • Debt & Cash 2.9%

Small cap
42.4%

Large cap
31.9%

Mid cap
20.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
51.2%
Basic Materials
16%
Consumer Cyclical
12.2%
Communication
8%
Utilities
3.8%
Financial Services
2.5%
Tech
2.3%
Real Estate
2.2%
Energy
1.9%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-7.05%
2.53%
-2.32%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -7.05% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed Nifty 500 by 0.53% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.4K Cr
₹ 2.5K Cr
₹ 2.4K Cr
  • AUM of the fund stands at 2.4K Cr as of Oct'24
  • AUM decreased by 156.3 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Zen Technologies Ltd's allocation increased from 2.34% to 2.74%
Zen Technologies Ltd's allocation increased from 2.34% to 2.74%
Greenpanel Industries Ltd Ordinary Shares's allocation increased from 2.77% to 3.09%
Greenpanel Industries Ltd Ordinary Shares's allocation increased from 2.77% to 3.09%
Ashoka Buildcon Ltd's allocation increased from 2.26% to 2.53%
Ashoka Buildcon Ltd's allocation increased from 2.26% to 2.53%
Top Stocks sold last month
UltraTech Cement Ltd's allocation decreased from 3.27 % to 3.27 %
UltraTech Cement Ltd's allocation decreased from 3.27 % to 3.27 %
Solar Industries India Ltd's allocation decreased from 3.29 % to 3.11 %
Solar Industries India Ltd's allocation decreased from 3.29 % to 3.11 %
Kajaria Ceramics Ltd's allocation decreased from 3.48 % to 3.04 %
Kajaria Ceramics Ltd's allocation decreased from 3.48 % to 3.04 %
Cash allocation has gone up from 1.7% to 2.8%
Cash allocation has gone up from 1.7% to 2.8%

Top 3 Sectors in October were Industrial, Basic Materials & Consumer Cyclical

Oct'24
Industrial
51%
Basic Materials
16%
Consumer Cyclical
12%
Sep'24
Industrial
51%
Basic Materials
15%
Consumer Cyclical
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
54
54
55
Top 5 Company Concentration
19.5%
19.8%
19.1%
Company having highest exposure
Bharti Airtel Ltd (6.1%)
Bharti Airtel Ltd (6.1%)
Bharti Airtel Ltd (5.8%)
No of Sectors
9
9
8
Top 5 Sectors Concentration
91.2%
90.8%
93.7%
Sector having highest exposure
Industrial (51.2%)
Industrial (51.1%)
Industrial (55.6%)
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Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-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
This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.5%.
Insights icon
In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 35.72% return, outperforming this fund by 5.14% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 6.2% drop in AUM moving from 2.52K Cr to 2.36K Cr.
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In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 36.56% return, outperforming this fund by 6.13% per annum.
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In the last 1 year, LIC MF Infrastructure Fund Direct Plan Growth Option has given 60.2% return, outperforming this fund by 17.12%.
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Over the last 15 months, this fund has decreased expense ratio by 26.2% moving from 0.84 to 0.62.

Kotak Infrastructure & Economic Reform 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 20.23% since inception which is more than its category average return of 14.48%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.15% in Equity, 0% in Debt and 2.85% in Cash related instruments
AUM size ₹2368 Cr

AUM size ₹2368 Cr

This fund has AUM of ₹2368 Cr which is more than its category average of ₹ 1975 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.69%

Frequently Asked Questions for Kotak Infrastructure & Economic Reform Fund Direct Growth

The current NAV of Kotak Infrastructure & Economic Reform Fund Direct Growth is ₹81.05 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Kotak Infrastructure & Economic Reform Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.43%
3.43%
6 Month Returns
10.59%
10.59%
1 Year Returns
43.14%
43.14%
3 Years Returns
123.22%
30.69%
5 Years Returns
278.12%
30.47%
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0.62% as on November 2024
₹2368 Cr as on November 2024
Bharti Airtel Ltd(6.13%), Shree Cement Ltd(3.71%), UltraTech Cement Ltd(3.27%), Larsen & Toubro Ltd(3.24%), Solar Industries India Ltd(3.11%) as on November 2024
Industrial(49.75%), Basic Materials(15.51%), Consumer Cyclical(11.86%) as on November 2024
The alpha ratio for the Kotak Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak Infrastructure & Economic Reform Fund Direct Growth
12
10.14
6.53
As on November 2024
The alpha for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak Infrastructure & Economic Reform Fund Direct Growth
0.82
0.74
0.96
As on November 2024
The Beta for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak Infrastructure & Economic Reform Fund Direct Growth
1.97
1.6
1.1
As on November 2024
The sharpe ratio for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak Infrastructure & Economic Reform Fund Direct Growth
16.01
13.44
21.18
As on November 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 3.25 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.96 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Kotak Infrastructure & Economic Reform Fund Direct Growth is 1%