Equity
Direct
Contra
NAV as on 05-09-2024
₹ 181.17
1D
Inception Returns
19.1%
/yr
Kotak India EQ Contra Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Shibani Kurian. The fund could potentially beat inflation in the long-run.
Kotak India EQ Contra Fund Direct Growth has given a CAGR return of 19.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 54.34%, 25.16% and 27.30% respectively.
Kotak India EQ Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Health, Consumer Cyclical, Consumer Defensive, Utilities, Basic Materials, Energy, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, State Bank of India
As it is a contra 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.
The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued. Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks. We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak India EQ Contra Fund Direct Growth has no lock in period.
Expense ratio | 0.56% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹3760 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 31.42% |
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 |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Tech
Kotak India EQ Contra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.69% | 2.69% |
6 Month Returns | 20.73% | 20.73% |
1 Year Returns | 54.34% | 54.34% |
3 Years Returns | 96.08% | 25.16% |
5 Years Returns | 234.27% | 27.3% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak India EQ Contra Fund Direct Growth | 9.74 | 5.98 | 3.68 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak India EQ Contra Fund Direct Growth | 1.04 | 0.98 | 0.98 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak India EQ Contra Fund Direct Growth | 3.38 | 1.41 | 1.1 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak India EQ Contra Fund Direct Growth | 11.8 | 13.08 | 18.86 |