Kotak Nifty Next 50 Index Fund Direct Growth
Kotak Nifty Next 50 Index Fund Direct Growth

Kotak Nifty Next 50 Index Fund Direct Growth

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Equity
Direct
Index Funds

NAV: ₹ 10.8 as on 27-03-2023

Fund Performance
zero opening, trading, fund transfer fee
242 people have invested ₹ 1.1Cr in mutual fund in the last three months

Fund Insights

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In the last 1 year, Kotak Nifty Next 50 Index Fund Direct Growth has outperformed all funds in its category

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Kotak Nifty Next 50 Index Fund Direct Growth has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.52%

INDmoney Rank

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4
/9
52% Performance
33% Cost
4 out of 9 among Index-Nifty-Next-50

About the Fund

Kotak Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on  10 March, 2021. The fund is managed by Devender Singhal, Satish Dondapati. The fund could potentially beat inflation in the long-run.

Key parameters

1) Kotak Nifty Next 50 Index Fund Direct Growth has a NAV of 10.7726 as on 27-03-2023.

2) Kotak Nifty Next 50 Index Fund Direct Growth has 93 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.

3) The fund has an expense ratio 0.31 %.

Kotak Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.31%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹93 Cr
Inception Date
Inception Date
10 March, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
69.53%

Fund Distribution as on (28-Feb-23)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
88.6%
Mid cap
11.2%

Sector Allocation

Feb'23

Jan'23

Dec'22

Basic Materials

20.5%

Financial Services

18.2%

Consumer Defensive

15.6%

Industrial

15%

Utilities

8.4%

Tech

6.1%

Consumer Cyclical

4.6%

Communication

4%

Energy

2.8%

Health

2.6%

Real Estate

2.1%

Top Holdings of Kotak Nifty Next 50 Index Fund Direct Growth as on (28-Feb-23)

  • Equity

Equity Holdings50

Kotak Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
-4.91%
-7.06%
-3.46%
Nifty Next 50
-1.77%
-2.94%
-3.76%
  • This fund’s returns stands at -4.91% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -1.77% as on Feb'23
  • This fund underperformed Nifty Next 50 by 3.14% in Feb'23

AUM Change

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 92.6 Cr
₹ 97.7 Cr
₹ 102.6 Cr
  • AUM of the fund stands at 92.6 Cr as of Feb'23
  • AUM decreased by 5.2 Cr between Feb'23 and Jan'23

Fund Portfolio Changes

Top Stocks bought last month
Vedanta Ltd's allocation increased from 2.97% to 3.43%
Vedanta Ltd's allocation increased from 2.97% to 3.43%
Indian Oil Corp Ltd's allocation increased from 2.51% to 2.88%
Indian Oil Corp Ltd's allocation increased from 2.51% to 2.88%
Havells India Ltd's allocation increased from 2.38% to 2.74%
Havells India Ltd's allocation increased from 2.38% to 2.74%
Top Stocks sold last month
Pidilite Industries Ltd's allocation decreased from 3.35 % to 3.22 %
Pidilite Industries Ltd's allocation decreased from 3.35 % to 3.22 %
Bank of Baroda's allocation decreased from 2.98 % to 2.89 %
Bank of Baroda's allocation decreased from 2.98 % to 2.89 %
Ambuja Cements Ltd's allocation decreased from 3.32 % to 2.73 %
Ambuja Cements Ltd's allocation decreased from 3.32 % to 2.73 %
Mid Cap allocation has gone up from 11% to 11.2%
Mid Cap allocation has gone up from 11% to 11.2%
Large Cap allocation has gone up from 88.5% to 88.6%
Large Cap allocation has gone up from 88.5% to 88.6%
Cash allocation has gone down from 0.5% to 0.2%
Cash allocation has gone down from 0.5% to 0.2%

Top 3 Sectors in February were Basic Materials, Financial Services & Consumer Defensive

Feb'23
Basic Materials
21%
Financial Services
18%
Consumer Defensive
16%
Jan'23
Basic Materials
20%
Financial Services
18%
Consumer Defensive
15%

Gainers & Losers in Kotak Nifty Next 50 Index Fund Direct Growth portfolio as on (28-Feb-23)

Kotak Nifty Next 50 Index Fund Direct Growth Fund Manager

Devender Singhal

Devender Singhal

Fund Manager of Kotak Nifty Next 50 Index Fund Direct Growth, since 10 March 2021
Satish Dondapati

Satish Dondapati

Fund Manager of Kotak Nifty Next 50 Index Fund Direct Growth, since 10 March 2021

Fund Highlights

Risk meter
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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 3.71% since inception which is more than its category average return of 3.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.76% in Equity, 0% in Debt and 0.24% in Cash related instruments
AUM size ₹93 Cr

AUM size ₹93 Cr

This fund has AUM of ₹93 Cr which is less than its category average of ₹ 471 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of Kotak Nifty Next 50 Index Fund Direct Growth is 10.77 as on 27-Mar-2023.
Existing (Absolute + CAGR)
Kotak Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.5%
0.5%
6 Month Returns
-11.44%
-11.44%
1 Year Returns
-7.44%
-7.44%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.31 as on February 2023
93 Cr as on February 2023
LTIMindtree Ltd(4.23%),Pidilite Industries Ltd(3.43%),Godrej Consumer Products Ltd(3.41%),Shree Cement Ltd(3.4%),Tata Power Co Ltd(3.35%) as on February 2023
Basic Materials(20.46%),Financial Services(18.17%),Consumer Defensive(15.55%) as on February 2023
The alpha ratio for the Kotak Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak Nifty Next 50 Index Fund Direct Growth
0.13
-
-
As on February 2023
The alpha for Kotak Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak Nifty Next 50 Index Fund Direct Growth
0.99
-
-
As on February 2023
The Beta for Kotak Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 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 Next 50 Index Fund Direct Growth
-0.43
-
-
As on February 2023
The sharpe ratio for Kotak Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 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 Next 50 Index Fund Direct Growth
21.47
-
-
As on February 2023
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.
Devender Singhal,Satish Dondapati are the fund managers of Kotak Nifty Next 50 Index Fund Direct Growth
The Exit load of Kotak Nifty Next 50 Index Fund Direct Growth is 0%