Kotak Balanced Advantage Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
21.420.08%
(Earn upto 1.14% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Dynamic Asset Allocation
Expense Ratio:
0.51%(0.66% Category
average)Fund Size:
Rs. 16,795.08 Cr(5.96% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak Balanced Advantage Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
21.420.08%
Expense Ratio:
0.51%
Fund Size:
Rs. 16,795.08 Cr
Fund Category:
Hybrid: Dynamic Asset Allocation
1. Current NAV: The Current Net Asset Value of the Kotak Balanced Advantage Fund - Direct Plan as of Aug 29, 2024 is Rs 21.42 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 24.38% (1yr), 13.58% (3yr), 14.97% (5yr) and 13.34% (since launch). Whereas, Category returns for the same time duration are: 26.29% (1yr), 13.2% (3yr) and 14.16% (5yr).
3. Fund Size: The Kotak Balanced Advantage Fund - Direct Plan currently holds Assets under Management worth of Rs 16795.08 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.51% for Direct plan as on Aug 21, 2024.
5. Exit Load: Kotak Balanced Advantage Fund - Direct Plan shall attract an Exit Load, "Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 365 days"
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Balanced Advantage Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.21 8.62 13.34 24.32 13.60 15.09 Category Avg 1.14 7.54 11.55 26.06 13.19 14.25 Rank within Category 20 12 11 23 18 10 No. of funds within Category 37 37 36 33 24 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkHDFC Balanced Advantage Direct-IDCW
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Kotak Balanced Advantage Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Aug 03, 2018 |
Benchmark | |
Return Since Launch | 13.35% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Average |
Kotak Balanced Advantage Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 365 days |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 172 174 181 205 208 207 Top 5 Company Holdings 19.95% 21.02% 23.46% 23.41% 23.65% 23.35% Top 10 Company Holdings 30.21% 31.36% 34.1% 33.88% 34.25% 34.18% Company with Highest Exposure HDFC Bank (6.6%) HDFC Bank (7.07%) HDFC Bank (6.64%) HDFC Bank (6.58%) HDFC Bank (6.89%) HDFC Bank (6.68%) Number of Sectors 15 15 15 15 15 15 Top 3 Sector Holdings 26.12% 26.25% 23.77% 24.05% 23.99% 24.08% Top 5 Sector Holdings 36.17% 35.95% 33.34% 33.46% 33.61% 33.69% Sector with Highest Exposure Financial (12.53%) Financial (13.61%) Financial (13.24%) Financial (13.17%) Financial (12.87%) Financial (12.11%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 6.6 18.27 89.60 3.03 ICICI Bank Financial 3.68 18.65 65.91 26.26 Infosys Technology 3.43 30.28 64.20 36.38 Reliance Industries Energy 2.93 29.72 101.60 25.68 Adani Ports and Special Economic Zone Services 2.31 35.14 42.17 79.23 Larsen & Toubro Construction 1.93 38.15 97.11 35.47 Axis Bank Financial 1.87 13.59 86.50 19.85 Tata Consultancy Technology 1.84 35.15 129.55 33.64 Mahindra & Mahindra Automobile 1.78 31.59 88.80 76.67 Maruti Suzuki India Automobile 1.7 26.56 467.02 29.44
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Balanced Advantage Fund Direct-IDCW 21.42 16,795.08 1.39 24.65 13.41 15.09 HDFC Balanced Advantage Fund Direct Plan-IDCW 47.45 94,048.24 0.34 39.24 25.34 22.94 HDFC Dynamic PE Ratio FoF Direct- IDCW 37.98 47.84 0.89 23.18 16.36 17.71 Tata Balanced Advantage Fund Direct-IDCW 22.16 10,051.50 0.50 24.01 14.11 16.38 Franklin India Dynamic Asset Allocation Fund of Funds Direct-IDCW 52.70 1,330.49 0.95 26.13 16.77 14.99
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
5.95VS7.59Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.49VS0.57Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.30VS1.20Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
15.88VS15.65Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
2.65VS2.89Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
13.25VS14.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.B.Abhishek BisenSince Jul 201833 schemes
- H.S.Hiten ShahSince Oct 20191 schemes
- A.K.Arjun KhannaSince Jul 20186 schemes
- R.T.Rohit TandonSince Jan 20242 schemes
Mr. Bisen is a BA and MBA in Finance. Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Mr. Shah is a Masters in Management Studies (Finance) from Mumbai University. Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a CoFund manager and Chief dealer in equities segment. He was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than 3 years.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Multi Asset Allocation Fund Direct - IDCW Multi Asset Allocation 13.20 Unrated 6,952.13 - Mr. Khanna has done CFA, FRM, MMS(Finance) & B.E (Electronics) Prior to joining Kotak Mahindra Mutual Fund, he was with Principal Mutual Fund and has also worked with Citibank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Focused Equity Fund Direct-IDCW Flexi Cap 27.41 3,661.19 40.49 Kotak Global Innovation FoF Direct - IDCW International 10.28 Unrated 770.33 23.34 Kotak International REIT FOF Direct-IDCW International 10.44 Unrated 59.85 14.26 Kotak ESG Exclusionary Strategy Fund Direct-IDCW Thematic-ESG 18.47 Unrated 1,022.35 35.50 Kotak Global Emerging Market Fund Direct-IDCW International 24.55 Unrated 90.56 12.53 Kotak Multi Asset Allocator FoF - Dynamic Direct-IDCW Multi Asset Allocation 232.40 Unrated 1,546.85 31.72 Mr. Tandon has done B.E.(Mechanical) and PGDM from IIM-B Prior to joining Kotak Mahindra Mutual Fund, he has worked with Reliance Nippon Life Insurance, Max Life Insurance and JP Morgan India
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Bluechip Fund Direct-IDCW Large Cap 86.11 9,292.36 38.17 Kotak Quant Fund Direct - IDCW Thematic 15.88 Unrated 892.43 57.38
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Flexicap Fund Direct-Growth | 45,111.78 | 3.68 | 8.16 | 13.28 | 35.09 | 16.30 | |
Kotak Emerging Equity Fund Direct-Growth | 39,738.35 | 1.37 | 4.99 | 10.17 | 36.91 | 22.31 | |
Kotak Equity Arbitrage Fund Direct-Growth | 39,099.34 | 0.69 | 2.36 | 4.17 | 8.47 | 6.32 | |
Kotak Liquid Direct - Growth | 36,627.65 | 0.60 | 1.84 | 3.60 | 7.26 | 5.38 | |
Kotak Equity Opportunities Fund Direct-Growth | 19,092.30 | 2.99 | 9.45 | 14.75 | 40.28 | 21.23 | |
Kotak Money Market Fund Direct-Growth | 16,489.06 | 0.74 | 1.94 | 3.69 | 7.72 | 5.69 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,718.68 | 1.40 | 4.34 | 8.11 | 20.25 | 11.67 | |
Kotak Bond Short Term Fund Direct-Growth | 14,738.23 | 0.80 | 2.36 | 3.90 | 8.29 | 5.91 | |
Kotak Small Cap Fund Direct-Growth | 14,196.39 | -2.52 | 1.19 | 5.86 | 35.01 | 23.15 | |
Kotak Savings Fund Direct-Growth | 12,814.17 | 0.70 | 1.86 | 3.55 | 7.51 | 5.59 |
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1. Kotak Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Aug 03, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities. "
2. It is benchmarked against null.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 54.87% in equities, 23.43% in debts and 21.59% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 28.07% of the assets, the top 3 sectors constitute around 26.12% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Kotak Balanced Advantage Fund Direct-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Kotak Balanced Advantage Fund Direct-IDCW
- Is it safe to invest in Kotak Balanced Advantage Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Balanced Advantage Fund - Direct Plan comes under Very High risk category.
- What is the category of Kotak Balanced Advantage Fund - Direct Plan?Kotak Balanced Advantage Fund - Direct Plan belongs to the Hybrid : Dynamic Asset Allocation category of funds.
- How Long should I Invest in Kotak Balanced Advantage Fund - Direct Plan?The suggested investment horizon of investing into Kotak Balanced Advantage Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Balanced Advantage Fund - Direct Plan?The Kotak Balanced Advantage Fund - Direct Plan is managed by Abhishek Bisen (Since Jul 13, 2018) , Hiten Shah (Since Oct 03, 2019) , Arjun Khanna (Since Jul 13, 2018) and Rohit Tandon (Since Jan 22, 2024).
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