Kotak Equity Arbitrage Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
37.62-0.07%
(Earn upto 0.58% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Arbitrage
Expense Ratio:
0.43%(0.34% Category
average)Fund Size:
Rs. 51,569.90 Cr(21.38% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak Equity Arbitrage Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
37.62-0.07%
Expense Ratio:
0.43%
Fund Size:
Rs. 51,569.90 Cr
Fund Category:
Hybrid: Arbitrage
1. Current NAV: The Current Net Asset Value of the Kotak Equity Arbitrage Fund - Direct Plan as of Aug 29, 2024 is Rs 37.62 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.57% (1yr), 6.76% (3yr), 6.05% (5yr) and 7.08% (since launch). Whereas, Category returns for the same time duration are: 7.44% (1yr), 5.64% (3yr) and 5.07% (5yr).
3. Fund Size: The Kotak Equity Arbitrage Fund - Direct Plan currently holds Assets under Management worth of Rs 51569.9 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.43% for Direct plan as on Aug 13, 2024.
5. Exit Load: Kotak Equity Arbitrage Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 30 days"
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Equity Arbitrage Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.54 2.08 4.07 8.47 6.73 6.05 Category Avg 0.48 1.82 3.56 7.35 5.61 5.07 Rank within Category 16 1 1 1 2 4 No. of funds within Category 27 27 27 25 24 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkInvesco India Arbitrage Direct-G
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Kotak Equity Arbitrage Fund Direct-Growth Fund Details
Investment Objective - The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY 50 Arbitrage Total Return Index |
Return Since Launch | 7.07% |
Riskometer | Low |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Above Average |
Kotak Equity Arbitrage Fund Direct-Growth 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 of 0.25% if redeemed within 30 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 302 335 337 332 331 326 Top 5 Company Holdings 30.25% 28.19% 23.79% 26.14% 29.11% 35.1% Top 10 Company Holdings 39.55% 37.25% 33.51% 35.76% 39.35% 45.36% Company with Highest Exposure Kotak Money Market Direct-G (8.63%) Kotak Money Market Direct-G (9.8%) Kotak Money Market Direct-G (8.16%) Kotak Money Market Direct-G (8.63%) Kotak Money Market Direct-G (9.06%) Kotak Liquid - Plan A - Direct Plan-Gr (10.62%) Number of Sectors 1 - 1 - - 2 Top 3 Sector Holdings 0.01% - 0.01% - - 0.43% Top 5 Sector Holdings 0.01% - 0.01% - - 0.43% Sector with Highest Exposure Textiles (0.01%) - Consumer Staples (0.01%) - - Technology (0.33%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 7.29 18.27 89.60 3.03 Reliance Industries Energy 2.61 29.72 101.60 25.68 Axis Bank Financial 2.45 13.59 86.50 19.85 ICICI Bank Financial 1.83 18.65 65.91 26.26 Indian Oil Corporation Energy 1.73 8.11 21.83 92.43 State Bank of India Financial 1.69 10.55 77.28 41.69 Larsen & Toubro Construction 1.6 38.15 97.11 35.47 Hindustan Aeronautics Capital Goods 1.52 37.97 123.27 136.16 Tata Consultancy Technology 1.5 35.15 129.55 33.64 Bajaj Finance Financial 1.38 29.86 241.14 -3.15
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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 Equity Arbitrage Fund Direct-Growth 37.62 51,569.90 0.59 8.48 6.73 6.04 Invesco India Arbitrage Fund Direct-Growth 32.41 17,654.19 0.68 8.41 6.92 6.13 Tata Arbitrage Fund Direct - Growth 14.19 11,915.77 0.63 8.34 6.55 6.15 Edelweiss Arbitrage Fund Direct-Growth 19.54 12,007.18 0.61 8.35 6.69 6.09 Axis Arbitrage Fund Direct-Growth 19.09 5,605.02 0.60 8.25 6.59 5.92
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.
High Volatality
0.70VS0.69Fund 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
0.89VS0.92Fund 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
1.33VS0.79Fund 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
1.06VS0.60Fund 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.
Better risk-adjusted returns
2.75VS2.42Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.47VS6.07Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- H.S.Hiten ShahSince Oct 20193 schemes
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 Equity Savings Fund Direct-Growth Equity Savings 27.62 6,540.74 22.34 Kotak Balanced Advantage Fund Direct - Growth Dynamic Asset Allocation 21.42 16,795.08 24.32 Kotak Multi Asset Allocation Fund Direct - Growth Multi Asset Allocation 13.20 Unrated 6,952.13 -
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Equity Arbitrage Fund Direct-Growth | 46,307.74 | 0.72 | 2.21 | 4.58 | 8.74 | 6.56 | |
Kotak Emerging Equity Fund Direct-Growth | 45,017.71 | 10.40 | 27.24 | 28.06 | 53.45 | 27.58 | |
Kotak Liquid Direct - Growth | 31,894.31 | 0.62 | 1.87 | 3.76 | 7.35 | 5.77 | |
Kotak Equity Opportunities Fund Direct-Growth | 22,329.12 | 6.76 | 20.03 | 26.60 | 48.80 | 25.47 | |
Kotak Money Market Fund Direct-Growth | 20,244.60 | 0.64 | 1.95 | 3.96 | 7.56 | 6.05 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,830.08 | 3.61 | 7.82 | 10.86 | 21.43 | 12.95 | |
Kotak Small Cap Fund Direct-Growth | 15,282.62 | 8.97 | 24.94 | 21.90 | 46.11 | 25.65 | |
Kotak Bond Short Term Fund Direct-Growth | 14,949.40 | 0.74 | 1.99 | 4.05 | 7.48 | 5.86 | |
Kotak Savings Fund Direct-Growth | 12,840.69 | 0.64 | 1.93 | 3.87 | 7.40 | 5.94 | |
Kotak Corporate Bond Fund Direct-Growth | 12,541.10 | 0.70 | 1.97 | 4.05 | 7.45 | 5.87 |
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1. Kotak Equity Arbitrage Fund - Direct Plan is Open-ended Arbitrage Hybrid scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments. "
2. It is benchmarked against NIFTY 50 Arbitrage Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around -0.3% in equities, 22.11% in debts and 78.19% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 39.55% of the assets, the top 3 sectors constitute around 0.01% of the assets.
3. The fund largely follows a Blend 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 Equity Arbitrage Fund Direct-Growth
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 Equity Arbitrage Fund Direct-Growth
- Is it safe to invest in Kotak Equity Arbitrage Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Equity Arbitrage Fund - Direct Plan comes under Low risk category.
- What is the category of Kotak Equity Arbitrage Fund - Direct Plan?Kotak Equity Arbitrage Fund - Direct Plan belongs to the Hybrid : Arbitrage category of funds.
- How Long should I Invest in Kotak Equity Arbitrage Fund - Direct Plan?The suggested investment horizon of investing into Kotak Equity Arbitrage Fund - Direct Plan is <1 year. 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 Equity Arbitrage Fund - Direct Plan?The Kotak Equity Arbitrage Fund - Direct Plan is managed by Hiten Shah (Since Oct 03, 2019).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.