Kotak Infrastructure & Economic Reform Fund Direct Growth

Equity
Direct
Equity - Infrastructure
Kotak Infrastructure & Economic Reform Fund Direct Growth

About the Fund

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

Key Parameters

  1. Kotak Infrastructure & Economic Reform Fund Direct Growth has ₹2273 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Kotak Infrastructure & Economic Reform Fund Direct Growth has given a CAGR return of 21.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 60.99%, 36.10% and 30.86% respectively.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
8179 people have invested ₹ 7.2Cr in Kotak Infrastructure & Economic Reform Fund Direct Growth in the last three months

INDmoney Rank

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Beats FD returns for both 3Y & 5Y duration
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Fund Overview

Expense ratio0.65%
Benchmark
S&P BSE 500 India TR INR
AUM₹2273 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
5.88%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96%

  • Debt & Cash 4%

Small cap
33.6%
Mid cap
32.2%
Large cap
29.4%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
54.3%
Consumer Cyclical
14.2%
Basic Materials
12.5%
Utilities
7.4%
Communication
5.1%
Financial Services
2.8%
Energy
2%
Real Estate
1.7%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
UltraTech Cement Ltd
UltraTech Cement Ltd
3.59%
0%
Bharti Airtel Ltd
Bharti Airtel Ltd
3.46%
0%
Mahindra Logistics Ltd
Mahindra Logistics Ltd
3.33%
44.2%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
3.31%
0%
Solar Industries India Ltd
Solar Industries India Ltd
3.17%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Kotak Infrastructure & Economic Reform Fund Direct Growth
Kotak Infrastructure & Economic Reform Fund Direct Growth
61%
36.1%
30.9%
21%
Bandhan Infrastructure Fund - Direct Plan - Growth
Bandhan Infrastructure Fund - Direct Plan - Growth
86.3%
36.3%
32.8%
18.7%
Quant Infrastructure Fund Growth Option Direct Plan
Quant Infrastructure Fund Growth Option Direct Plan
78.1%
37.2%
40.1%
21.1%
DSP India T.I.G.E.R. Fund - Direct Plan - Growth
DSP India T.I.G.E.R. Fund - Direct Plan - Growth
71.7%
36.5%
31%
19.2%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Mahindra Logistics Ltd
Mahindra Logistics Ltd
6.4%
Samvardhana Motherson International Ltd
2.4%

Harish Krishnan
Harish Krishnan
Fund Manager of Kotak Infrastructure & Economic Reform Fund Direct Growth, since 31 January 2015
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Kotak Balanced Advantage Fund Direct Growth
13.44%
12.79%
Kotak Bluechip Direct Growth
18.58%
17.88%
Kotak Pioneer Fund Direct Growth
21.51%
--
Arjun Khanna
Arjun Khanna
Fund Manager of Kotak Infrastructure & Economic Reform Fund Direct Growth, since 1 March 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Kotak Equity Opportunities Direct Growth
23.71%
21.68%
Kotak Flexicap Fund Direct Growth
19.33%
18.85%
Kotak Emerging Equity Scheme Direct Growth
25.99%
24.91%

Mutual Fund Insights

Insights icon
Over the last 1 year, this fund has decreased expense ratio by 27.8% moving from 0.90 to 0.65.
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In the last 1 year, Bandhan Infrastructure Fund - Direct Plan - Growth has given 86.26% return, outperforming this fund by 25.27%.
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In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 40.09% return, outperforming this fund by 9.24% per annum.
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In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 40.11% return, outperforming this fund by 4.01% per annum.
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This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.65% which is lower than the category average expense ratio of 1.54%.
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Over the last 3 months, this fund has experienced a 41.3% growth in AUM moving from 1.60K Cr to 2.27K Cr.

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 21.04% since inception which is more than its category average return of 14.82%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.03% in Equity, 0% in Debt and 3.97% in Cash related instruments
AUM size ₹2273 Cr

AUM size ₹2273 Cr

This fund has AUM of ₹2273 Cr which is more than its category average of ₹ 1826 Cr
Expense Ratio 0.65%

Expense Ratio 0.65%

This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 1.73%

Frequently Asked Questions

The current NAV of Kotak Infrastructure & Economic Reform Fund Direct Growth is ₹81.82 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Kotak Infrastructure & Economic Reform Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.59%
0.59%
6 Month Returns
34.87%
34.87%
1 Year Returns
60.99%
60.99%
3 Years Returns
152.11%
36.1%
5 Years Returns
283.72%
30.86%
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0.65% as on June 2024
₹2273 Cr as on June 2024
UltraTech Cement Ltd(3.59%), Bharti Airtel Ltd(3.46%), Mahindra Logistics Ltd(3.33%), Larsen & Toubro Ltd(3.31%), Solar Industries India Ltd(3.17%) as on June 2024
Industrial(52.11%), Consumer Cyclical(13.63%), Basic Materials(12.04%) as on June 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
21.54
13.1
5.42
As on June 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
0.57
0.68
0.97
As on June 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
3.82
2.28
1.08
As on June 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
11.99
12.34
21.43
As on June 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 6.04 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.01 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Harish Krishnan, Arjun Khanna are the fund managers of Kotak Infrastructure & Economic Reform Fund Direct Growth
The Exit load of Kotak Infrastructure & Economic Reform Fund Direct Growth is 1%