Kotak BSE Housing Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 14.41
1D
Inception Returns
42.8%
/yr
About the Fund
Kotak BSE Housing Index Fund Direct Growth is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Abhishek Bisen, Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak BSE Housing Index Fund Direct Growth has ₹18 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Kotak BSE Housing Index Fund Direct Growth has given a CAGR return of 42.77% since inception. Over the last 1 year the fund has given a CAGR return of 38.91%.
Holdings
Kotak BSE Housing Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Real Estate, Industrial, Tech, Financial Services. Its top holdings are Dixon Technologies (India) Ltd, Grasim Industries Ltd, Godrej Properties Ltd, UltraTech Cement Ltd, Voltas 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 BSE Housing Index Fund Direct Growth
The investment objective of the scheme is to replicate the composition of the S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak BSE Housing Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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738 people have invested ₹ 10L in Kotak BSE Housing Index Fund Direct Growth in the last three months
Fund Overview
| Expense ratio | 0.22% |
Benchmark | BSE Housing TR INR |
| AUM | ₹18 Cr |
| Inception Date | 28 August, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 90.2% |
| 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 (31-Jul-24)
Mid cap
52.5%
Large cap
47.4%
Sector Allocation
Basic Materials
39.4%
Real Estate
27.6%
Industrial
23.5%
Tech
5.7%
Financial Services
3.8%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 0.25% whereas the fund’s underlying benchmark Nifty 50 returns stands at 3.35% as on Jul'24
- This fund underperformed Nifty 50 by 3.10% in Jul'24
- AUM of the fund stands at 14 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Shree Cement Ltd's allocation increased from 3.79% to 4.92%
DLF Ltd's allocation increased from 4% to 5.04%
Dixon Technologies (India) Ltd's allocation increased from 4.78% to 5.71%
Top Stocks sold last month
Havells India Ltd's allocation decreased from 5.69 % to 4.92 %
Polycab India Ltd's allocation decreased from 4.95 % to 4.77 %
Macrotech Developers Ltd's allocation decreased from 5.2 % to 4.34 %
Mid Cap allocation has gone up from 48.6% to 53.8%
Large Cap allocation has gone up from 44.5% to 47.2%
Small Cap allocation has gone down from 7% to 0%
Cash allocation has gone up from -0.1% to 0%
Top 3 Sectors in July were Basic Materials, Industrial & Real Estate
Jul'24
Basic Materials
39%
Real Estate
28%
Industrial
24%
Jun'24
Basic Materials
35%
Industrial
27%
Real Estate
26%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Voltas Ltd | 22.6% |
 Dixon Technologies (India) Ltd | 14.7% |
 Phoenix Mills Ltd | 8.1% |
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Abhishek Bisen
Fund Manager of Kotak BSE Housing Index Fund Direct Growth, since 4 September 2023
Top funds managed
Devender Singhal
Fund Manager of Kotak BSE Housing Index Fund Direct Growth, since 4 September 2023
Top funds managed
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹3.65L Cr
as on 31-Jul-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 BSE Housing 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 42.77% since inception which is more than its category average return of 23.37%
Fund Allocations
This fund has an allocation of 99.97% in Equity, 0% in Debt and 0.03% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 845 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.52%
Frequently Asked Questions
The current NAV of Kotak BSE Housing Index Fund Direct Growth is ₹14.41 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Kotak BSE Housing Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.34% | 4.34% |
6 Month Returns | 18.88% | 18.88% |
1 Year Returns | 38.91% | 38.91% |
3 Years Returns | 0% | 0% |
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.
0.22% as on August 2024
₹18 Cr as on August 2024
Dixon Technologies (India) Ltd(5.71%), Grasim Industries Ltd(5.53%), Godrej Properties Ltd(5.36%), UltraTech Cement Ltd(5.24%), Voltas Ltd(5.17%) as on August 2024
Basic Materials(39.4%), Real Estate(27.55%), Industrial(23.52%) as on August 2024
The alpha ratio for the Kotak BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
As on August 2024
The alpha for Kotak BSE Housing Index Fund Direct Growth is calculated against BSE Housing 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 BSE Housing Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
As on August 2024
The Beta for Kotak BSE Housing Index Fund Direct Growth is calculated with BSE Housing 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 BSE Housing 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 BSE Housing Index Fund Direct Growth | 2.17 | - | - |
As on August 2024
The sharpe ratio for Kotak BSE Housing Index Fund Direct Growth is calculated with BSE Housing 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 BSE Housing 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 BSE Housing Index Fund Direct Growth | 14.59 | - | - |
As on August 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.
Abhishek Bisen, Devender Singhal are the fund managers of Kotak BSE Housing Index Fund Direct Growth
The Exit load of Kotak BSE Housing Index Fund Direct Growth is 0%