Kotak Nifty 50 Index Fund Direct Growth

Equity
Direct
Index Funds
Kotak Nifty 50 Index Fund Direct Growth

About the Fund

Kotak Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 21 June, 2021. The fund is managed by Devender Singhal, Abhishek Bisen. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak Nifty 50 Index Fund Direct Growth has ₹711 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Kotak Nifty 50 Index Fund Direct Growth has given a CAGR return of 16.45% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 27.39% and 16.88% respectively.

Holdings

Kotak Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd

Taxation

As it is a index funds 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 Nifty 50 Index Fund Direct Growth

The investment objective of the scheme is to replicate the composition of the Nifty 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. 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 Nifty 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3640 people have invested ₹ 1.4Cr in Kotak Nifty 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
2
/16
77% Performance
33% Cost
2 out of 16 among Index-Nifty-50

Fund Overview

Expense ratio0.15%
Benchmark
IISL Nifty 50 TR INR
AUM₹711 Cr
Inception Date21 June, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
15.94%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 100%

  • Debt & Cash 0%

Large cap
99.3%

Mid cap
0.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
34.1%
Energy
13.4%
Tech
12.1%
Consumer Cyclical
9.4%
Consumer Defensive
8%
Basic Materials
6.6%
Industrial
5.4%
Health
4.2%
Communication
3.6%
Utilities
3.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Devender Singhal
Devender Singhal
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021

Kotak Nifty 50 Index 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 16.45% since inception which is less than its category average return of 23.72%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹711 Cr

AUM size ₹711 Cr

This fund has AUM of ₹711 Cr which is less than its category average of ₹ 768 Cr
Expense Ratio 0.15%

Expense Ratio 0.15%

This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Kotak Nifty 50 Index Fund Direct Growth is ₹15.84 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
Kotak Nifty 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.02%
5.02%
6 Month Returns
13.97%
13.97%
1 Year Returns
27.39%
27.39%
3 Years Returns
59.68%
16.88%
5 Years Returns
0%
0%
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.
0.15% as on June 2024
₹711 Cr as on June 2024
HDFC Bank Ltd(11.6%), Reliance Industries Ltd(9.75%), ICICI Bank Ltd(7.93%), Infosys Ltd(5.06%), Larsen & Toubro Ltd(4.37%) as on June 2024
Financial Services(34.11%), Energy(13.42%), Tech(12.06%) as on June 2024
The alpha ratio for the Kotak Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak Nifty 50 Index Fund Direct Growth
-0.37
-0.31
-
As on June 2024
The alpha for Kotak Nifty 50 Index Fund Direct Growth is calculated against IISL Nifty 50 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 Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak Nifty 50 Index Fund Direct Growth
0.99
1
-
As on June 2024
The Beta for Kotak Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 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 Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak Nifty 50 Index Fund Direct Growth
1.49
0.8
-
As on June 2024
The sharpe ratio for Kotak Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 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 Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak Nifty 50 Index Fund Direct Growth
11.47
12.83
-
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 1.51 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Devender Singhal, Abhishek Bisen are the fund managers of Kotak Nifty 50 Index Fund Direct Growth
The Exit load of Kotak Nifty 50 Index Fund Direct Growth is 0%