Kotak Nifty 50 Index Fund Direct Growth

Kotak Nifty 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 06-12-2024

₹ 16.13

-0.1%

1D

Inception Returns

14.8%

/yr

About Kotak Nifty 50 Index Fund Direct Growth

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

Key Parameters

  1. Kotak Nifty 50 Index Fund Direct Growth has ₹736 Cr worth of assets under management (AUM) as on Oct 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 14.81% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 18.80% and 14.43% respectively.

Holdings

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
4908 people have invested ₹ 1.2Cr in Kotak Nifty 50 Index Fund Direct Growth in the last three months

INDmoney Rank for Kotak Nifty 50 Index Fund Direct Growth

Powered by IND quant engine
7
/16
62% Performance
33% Cost
7 out of 16 among Index-Nifty-50

Kotak Nifty 50 Index Fund Direct Growth Overview

Expense ratio0.15%
Benchmark
IISL Nifty 50 TR INR
AUM₹736 Cr
Inception Date21 June, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
13.74%
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

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

  • Debt & Cash 0%

Large cap
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
34.2%
Tech
12.9%
Energy
11.4%
Consumer Cyclical
10.1%
Consumer Defensive
8.2%
Basic Materials
6.2%
Industrial
5.8%
Health
4%
Communication
4%
Utilities
3.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.12%
2.26%
1.35%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -6.12% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund outperformed Nifty 50 by 0.05% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 736 Cr
₹ 764.1 Cr
₹ 751.1 Cr
  • AUM of the fund stands at 736 Cr as of Oct'24
  • AUM decreased by 28.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 11.35% to 12.11%
HDFC Bank Ltd's allocation increased from 11.35% to 12.11%
ICICI Bank Ltd's allocation increased from 7.75% to 8.37%
ICICI Bank Ltd's allocation increased from 7.75% to 8.37%
State Bank of India's allocation increased from 2.62% to 2.9%
State Bank of India's allocation increased from 2.62% to 2.9%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 8.65 % to 8.31 %
Reliance Industries Ltd's allocation decreased from 8.65 % to 8.31 %
Infosys Ltd's allocation decreased from 5.83 % to 5.82 %
Infosys Ltd's allocation decreased from 5.83 % to 5.82 %
Tata Consultancy Services Ltd's allocation decreased from 3.77 % to 3.73 %
Tata Consultancy Services Ltd's allocation decreased from 3.77 % to 3.73 %
Cash allocation has gone up from -0.1% to 0%
Cash allocation has gone up from -0.1% to 0%

Top 3 Sectors in October were Financial Services, Tech & Energy

Oct'24
Financial Services
34%
Tech
13%
Energy
11%
Sep'24
Financial Services
33%
Tech
13%
Energy
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
38.8%
37.7%
38.3%
Company having highest exposure
HDFC Bank Ltd (12.1%)
HDFC Bank Ltd (11.3%)
HDFC Bank Ltd (11%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
76.9%
77%
77.6%
Sector having highest exposure
Financial Services (34.2%)
Financial Services (32.9%)
Financial Services (32.6%)
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Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
Satish Dondapati
Satish Dondapati
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
Devender Singhal
Devender Singhal
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
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

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 14.81% since inception which is less than its category average return of 17.6%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.98% in Equity, 0% in Debt and 0.02% in Cash related instruments
AUM size ₹736 Cr

AUM size ₹736 Cr

This fund has AUM of ₹736 Cr which is less than its category average of ₹ 805 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 0.53%

Frequently Asked Questions for Kotak Nifty 50 Index Fund Direct Growth

The current NAV of Kotak Nifty 50 Index Fund Direct Growth is ₹16.13 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Kotak Nifty 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.81%
0.81%
6 Month Returns
8.61%
8.61%
1 Year Returns
18.8%
18.8%
3 Years Returns
49.82%
14.43%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.15% as on November 2024
₹736 Cr as on November 2024
HDFC Bank Ltd(12.11%), ICICI Bank Ltd(8.37%), Reliance Industries Ltd(8.31%), Infosys Ltd(5.82%), ITC Ltd(4.18%) as on November 2024
Financial Services(34.24%), Tech(12.92%), Energy(11.39%) as on November 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
-0.34
-0.28
-
As on November 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
1
1
-
As on November 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
1.05
0.59
-
As on November 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
12.36
12.56
-
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 0.99 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Abhishek Bisen, Satish Dondapati, Devender Singhal 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%