Kotak Nifty Next 50 Index Fund Direct Growth

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

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. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak Nifty Next 50 Index Fund Direct Growth has ₹252 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Kotak Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 24.23% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 63.94% and 22.13% respectively.

Holdings

Kotak Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Energy, Real Estate, Health, Communication. Its top holdings are Bharat Electronics Ltd, Trent Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp 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 Next 50 Index Fund Direct Growth

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

Fund Performance
zero opening, trading, fund transfer fee
3652 people have invested ₹ 1.3Cr in Kotak Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
12
/12
25% Performance
0% Cost
12 out of 12 among Index-Nifty-Next-50
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3Y returns in the top 25% of the category
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Higher tracking error

Fund Overview

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹252 Cr
Inception Date
Inception Date
10 March, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
56.76%

Fund Distribution
as on (30-Apr-24)

  • Equity 100%

Large cap
90.2%

Mid cap
9.8%

Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
3%
Health
2.5%
Communication
2.4%
All changes are between Feb'24 and Apr'24

Returns for the month of Apr

  • Gainers

  • Losers

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

Kotak Nifty Next 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 24.23% since inception which is more than its category average return of 21.28%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.01% in Equity, 0% in Debt and -0.01% in Cash related instruments
AUM size ₹252 Cr

AUM size ₹252 Cr

This fund has AUM of ₹252 Cr which is less than its category average of ₹ 733 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Kotak Nifty Next 50 Index Fund Direct Growth is ₹20.77 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Kotak Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.85%
9.85%
6 Month Returns
38.1%
38.1%
1 Year Returns
63.94%
63.94%
3 Years Returns
82.15%
22.13%
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.
0.35% as on May 2024
₹252 Cr as on May 2024
Bharat Electronics Ltd(5.25%), Trent Ltd(4.98%), Hindustan Aeronautics Ltd Ordinary Shares(4.61%), Tata Power Co Ltd(3.66%), Power Finance Corp Ltd(3.54%) as on May 2024
Financial Services(22.73%), Industrial(21.99%), Basic Materials(12.81%) as on May 2024
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
-0.44
-0.1
-
As on May 2024
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
1
0.99
-
As on May 2024
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
3.07
0.97
-
As on May 2024
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
13.82
16.66
-
As on May 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 1.72 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Devender Singhal is the fund manager of Kotak Nifty Next 50 Index Fund Direct Growth
The Exit load of Kotak Nifty Next 50 Index Fund Direct Growth is 0%