Kotak Equity Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 36.79 as on 16-05-2024
About the Fund
Kotak Equity Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Hiten Shah. This fund gives you the benefit of diversification.
Key Parameters
- Kotak Equity Arbitrage Fund Direct Growth has ₹43515 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
1228 people have invested ₹ 27.9Cr in Kotak Equity Arbitrage Fund Direct Growth in the last three months
Overview
 | 0.44% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹43515 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 1838.18% |
Kotak Equity Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
89.5%
Corporate
7.9%
Government
2.6%
Top Holdings of Kotak Equity Arbitrage Fund Direct Growth as on (30-Apr-24)
Equity Holdings158
Debt Holdings3
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 43.5K Cr as of Apr'24
- AUM increased by 3.5K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, this fund has outperformed all funds in its category.
Over the last 1 month, this fund has increased expense ratio by 2.3% moving from 0.43 to 0.44.
Over the last 6 months, this fund has experienced a 50.3% growth in AUM moving from 28.95K Cr to 43.51K Cr.
This fund with AUM at ₹43514.52Cr is among the largest funds in the arbitrage fund category.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.59% return, outperforming this fund by 0.14% per annum.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.16% per annum.
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.44% which is lower than the category average expense ratio of 0.7%.
Peer Analysis
Fund Manager
Hiten Shah
Fund Manager of Kotak Equity Arbitrage Fund Direct Growth, since 3 October 2019
Top funds managed
Kotak Equity Arbitrage Fund Direct Growth Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 7.01% since inception which is more than its category average return of 5.19%
AUM size ₹43515 Cr
This fund has AUM of ₹43515 Cr which is more than its category average of ₹ 6327 Cr
Expense Ratio 0.44%
This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Kotak Equity Arbitrage Fund Direct Growth is ₹36.79 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Kotak Equity Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 4.19% | 4.19% |
1 Year Returns | 8.52% | 8.52% |
3 Years Returns | 20.62% | 6.45% |
5 Years Returns | 33.71% | 5.98% |
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.
0.44% as on April 2024
₹43515 Cr as on April 2024
Kotak Money Market Dir Gr(8.63%), HDFC Bank Ltd(7.11%), Kotak Liquid Dir Gr(4.07%), Kotak Savings Fund Dir Gr(4.05%), Reliance Industries Ltd(2.28%) as on April 2024
Cash Equivalent(89.89%), Corporate(7.96%), Government(2.57%) as on April 2024
AAA | 100 |
Hiten Shah is the fund manager of Kotak Equity Arbitrage Fund Direct Growth
The Exit load of Kotak Equity Arbitrage Fund Direct Growth is 0.25%