Kotak Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 22-10-2024
₹ 15.97
1D
Inception Returns
15.5%
/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, Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty 50 Index Fund Direct Growth has ₹764 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Kotak Nifty 50 Index Fund Direct Growth has given a CAGR return of 15.51% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 27.80% and 11.87% 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, Communication, Health, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank 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 benefitDividends 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
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4499 people have invested ₹ 1Cr 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
12
/16
32% Performance
33% Cost
12 out of 16 among Index-Nifty-50
Hold on while we find any good points for this fund.
Higher tracking error
Kotak Nifty 50 Index Fund Direct Growth Overview
| Expense ratio | 0.15% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹764 Cr |
| Inception Date | 21 June, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 13.74% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Sep-24)
Large cap
100.1%
Sector Allocation
Financial Services
32.9%
Tech
12.7%
Energy
11.9%
Consumer Cyclical
10.9%
Consumer Defensive
8.6%
Basic Materials
6.4%
Industrial
5.5%
Communication
4%
Health
3.9%
Utilities
3.2%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 2.26% whereas the fund’s underlying benchmark Nifty 50 returns stands at 2.11% as on Sep'24
- This fund outperformed Nifty 50 by 0.15% in Sep'24
- AUM of the fund stands at 764.1 Cr as of Sep'24
- AUM increased by 13 Cr between Sep'24 and Aug'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 11.01% to 11.35%
Bharti Airtel Ltd's allocation increased from 3.8% to 3.96%
Bajaj Auto Ltd's allocation increased from 1.09% to 1.18%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 9.12 % to 8.65 %
Infosys Ltd's allocation decreased from 6.27 % to 5.83 %
Tata Consultancy Services Ltd's allocation decreased from 4.12 % to 3.77 %
Mid Cap allocation has gone down from 0.6% to 0%
Large Cap allocation has gone up from 99.3% to 100.1%
Cash allocation has gone down from 0.1% to -0.1%
Top 3 Sectors in September were Financial Services, Tech & Energy
Sep'24
Financial Services
33%
Tech
13%
Energy
12%
Aug'24
Financial Services
33%
Tech
14%
Energy
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 11.35% | -0.9% | |
 Reliance Industries Ltd | 8.65% | -1.4% | |
 ICICI Bank Ltd | 7.75% | -1.5% | |
 Infosys Ltd | 5.83% | -2% | |
 ITC Ltd | 4.16% | -0.9% |
See all
See all
Top Losers | 1M Return |
|---|---|
 Reliance Industries Ltd | -9% |
 Tata Consultancy Services Ltd | -3.4% |
 Infosys Ltd | -0.9% |
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Abhishek Bisen
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
Top funds managed
Devender Singhal
Fund Manager of Kotak Nifty 50 Index Fund Direct Growth, since 21 June 2021
Top funds managed
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.68L Cr
as on 30-Sep-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
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.51% since inception which is less than its category average return of 19.1%
Fund Allocations
This fund has an allocation of 100.09% in Equity, 0% in Debt and -0.09% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 854 Cr
Expense Ratio 0.15%
This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 0.51%
Frequently Asked Questions for Kotak Nifty 50 Index Fund Direct Growth
The current NAV of Kotak Nifty 50 Index Fund Direct Growth is ₹15.97 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
Kotak Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.92% | -3.92% |
6 Month Returns | 12.62% | 12.62% |
1 Year Returns | 27.8% | 27.8% |
3 Years Returns | 40.01% | 11.87% |
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 September 2024
₹764 Cr as on September 2024
HDFC Bank Ltd(11.35%), Reliance Industries Ltd(8.65%), ICICI Bank Ltd(7.75%), Infosys Ltd(5.83%), ITC Ltd(4.16%) as on September 2024
Financial Services(32.95%), Tech(12.76%), Energy(11.9%) as on September 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 | -0.29 | -0.28 | - |
As on September 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 September 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 | 2.08 | 0.71 | - |
As on September 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 | 10.63 | 12.15 | - |
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 1.26 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Abhishek Bisen, 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%