Kotak India EQ Contra Fund Direct Growth
Equity
Direct
Contra
NAV as on 05-09-2024
₹ 181.17
1D
Inception Returns
19.1%
/yr
About the Fund
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.
Key Parameters
- Kotak India EQ Contra Fund Direct Growth has ₹3760 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of Kotak India EQ Contra Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
INDmoney Rank
Fund Overview
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
- This fund’s returns stands at 4.59% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 1.06% in Jul'24
- AUM of the fund stands at 3.8K Cr as of Jul'24
- AUM increased by 260.7 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Industrial & Tech
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.52% | 12.2% | |
 ICICI Bank Ltd | 4.16% | 0% | |
 Infosys Ltd | 3.81% | 18.7% | |
 Reliance Industries Ltd | 3.01% | 0% | |
 State Bank of India | 2.9% | 17.2% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Kotak India EQ Contra Fund Direct Growth | 54.34% | 25.16% | 27.3% | 19.12% |
 Invesco India Contra Fund Direct Plan Growth | 51.7% | 23.27% | 26.82% | 20.79% |
 SBI Contra Fund Direct Growth | 45.03% | 29.73% | 34.12% | 18.56% |
Top Growth Drivers | 1M Return |
|---|---|
 Gujarat State Petronet Ltd | 35.9% |
 Mphasis Ltd | 17.8% |
 Infosys Ltd | 10.8% |
Mutual Fund Insights
Kotak India EQ Contra Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.56%
Frequently Asked Questions
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% |
- 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.
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 |