Kotak India EQ Contra Fund Direct Growth

Kotak India EQ Contra Fund Direct Growth

Equity

Direct

Contra

NAV as on 13-03-2025

₹ 151.93

-0.5%

1D

Inception Returns

16.6%

/yr

About Kotak India EQ Contra Fund Direct Growth

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

  1. Kotak India EQ Contra Fund Direct Growth has ₹3603 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Kotak India EQ Contra Fund Direct Growth has given a CAGR return of 16.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.74%, 19.72% and 24.30% respectively.

Holdings

Kotak India EQ Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Health, Basic Materials, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, State Bank of India, Tech Mahindra Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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

Absolute

zero opening, trading, fund transfer fee
4268 people have invested ₹ 7.1Cr in Kotak India EQ Contra Fund Direct Growth in the last three months

INDmoney Rank for Kotak India EQ Contra Fund Direct Growth

Powered by IND quant engine
3
/3
29% Performance
6% Risk Management
0% Cost
3 out of 3 among contra
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Beats FD returns for both 3Y & 5Y
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Does not beat the benchmark consistently
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Highly volatile within category
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Higher probablity of downside risk

Kotak India EQ Contra Fund Direct Growth Overview

Expense ratio0.6%
Benchmark
S&P BSE 500 India TR INR
AUM₹3603 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
31.42%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (13-Mar-25)

Period
Kotak India EQ Contra Fund Direct Growth
Nifty 500
contra
1M
-3.5%
-2.2%
-3.8%
3M
-14.6%
-13.6%
-15.2%
6M
-16.6%
-15.8%
-16.3%
1Y
5.7%
1.8%
8.7%
3Y
19.7%
11.7%
18.5%
5Y
24.3%
21.6%
23.2%

Fund Distribution

as on (31-Jan-25)

  • Equity 97.2%

  • Debt & Cash 2.8%

Large cap
62.5%

Small cap
19.4%

Mid cap
14.4%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
32.3%
Tech
13.5%
Consumer Cyclical
10.3%
Industrial
8.5%
Health
8.3%
Basic Materials
7.5%
Consumer Defensive
6.2%
Energy
4.9%
Utilities
4.4%
Communication
3%
Real Estate
1%
All changes are between Nov'24 and Jan'25
Dec'24
Nov'24
Fund Returns
-1.77%
0.60%
Nifty 500
-2.02%
-0.60%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 3.6K Cr
₹ 3.8K Cr
₹ 4K Cr
  • AUM of the fund stands at 3.6K Cr as of Feb'25
  • AUM decreased by 242.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Sapphire Foods India Ltd's allocation increased from 0.44% to 1.21%
Sapphire Foods India Ltd's allocation increased from 0.44% to 1.21%
Indian Bank's allocation increased from 0.89% to 1.65%
Indian Bank's allocation increased from 0.89% to 1.65%
Century Plyboards (India) Ltd's allocation increased from 0.8% to 1.55%
Century Plyboards (India) Ltd's allocation increased from 0.8% to 1.55%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 3.84 % to 3.81 %
HDFC Bank Ltd's allocation decreased from 3.84 % to 3.81 %
Axis Bank Ltd's allocation decreased from 2.33 % to 2.24 %
Axis Bank Ltd's allocation decreased from 2.33 % to 2.24 %
GAIL (India) Ltd's allocation decreased from 1.87 % to 1.8 %
GAIL (India) Ltd's allocation decreased from 1.87 % to 1.8 %
Mid Cap allocation has gone down from 15.2% to 14.4%
Mid Cap allocation has gone down from 15.2% to 14.4%
Large Cap allocation has gone up from 61.3% to 62.5%
Large Cap allocation has gone up from 61.3% to 62.5%
Small Cap allocation has gone down from 22.6% to 19.4%
Small Cap allocation has gone down from 22.6% to 19.4%
Cash allocation has gone up from 1% to 2.8%
Cash allocation has gone up from 1% to 2.8%

Top 3 Sectors in February were Financial Services, Tech & Industrial

Feb'25
Financial Services
32%
Tech
13%
Consumer Cyclical
10%
Jan'25
Financial Services
28%
Tech
14%
Industrial
11%
  • Gainers

  • Losers

Fund
Jan'25
Dec'24
Nov'24
No of Holdings
67
68
68
Top 5 Company Concentration
21.4%
20.4%
20.4%
Company having highest exposure
ICICI Bank Ltd (5.8%)
ICICI Bank Ltd (5.3%)
ICICI Bank Ltd (5.3%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
70.5%
70.1%
70.4%
Sector having highest exposure
Financial Services (28.3%)
Financial Services (26.9%)
Financial Services (28.4%)
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Shibani Kurian
Shibani Kurian
Fund Manager of Kotak India EQ Contra Fund Direct Growth, since 9 May 2019
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.84L Cr
as on 31-Jan-2025
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

Mutual Fund Insights

Insights icon
In the last 5 years, SBI Contra Fund Direct Growth has given 32.72% return, outperforming this fund by 8.42% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.6% which is lower than the category average expense ratio of 1.15%.
Insights icon
In the last 3 years, SBI Contra Fund Direct Growth has given 22.13% return, outperforming this fund by 2.41% per annum.
Insights icon
In the last 1 year, Invesco India Contra Fund Direct Plan Growth has given 12.95% return, outperforming this fund by 7.21%.
Insights icon
Over the last 1 month, this fund has experienced a 6.3% drop in AUM moving from 3.84K Cr to 3.60K Cr.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 14.3% moving from 0.70 to 0.60.

Kotak India EQ Contra Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.56% since inception which is more than its category average return of 15.79%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.21% in Equity, 0% in Debt and 2.79% in Cash related instruments
AUM size ₹3603 Cr

AUM size ₹3603 Cr

This fund has AUM of ₹3603 Cr which is less than its category average of ₹ 19718 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.17%

Frequently Asked Questions for Kotak India EQ Contra Fund Direct Growth

The current NAV of Kotak India EQ Contra Fund Direct Growth is ₹151.93 as on 13-Mar-2025.
Existing (Absolute + CAGR) as on 13-Mar-2025.
Kotak India EQ Contra Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-3.52%
-3.52%
6 Month Returns
-16.62%
-16.62%
1 Year Returns
5.74%
5.74%
3 Years Returns
71.59%
19.72%
5 Years Returns
196.68%
24.3%
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  • Select your bank account and proceed with Payment.
0.6% as on February 2025
₹3603 Cr as on February 2025
HDFC Bank Ltd(6.2%), ICICI Bank Ltd(5.95%), Infosys Ltd(4.54%), State Bank of India(3.59%), Tech Mahindra Ltd(3.11%) as on February 2025
Financial Services(31.37%), Tech(13.08%), Consumer Cyclical(10.03%) as on January 1
The alpha ratio for the Kotak India EQ Contra Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak India EQ Contra Fund Direct Growth
2.45
5.34
2.86
As on February 2025
The alpha for Kotak India EQ Contra Fund Direct Growth is calculated against S&P BSE 500 India 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 India EQ Contra Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak India EQ Contra Fund Direct Growth
1.03
0.98
0.99
As on February 2025
The Beta for Kotak India EQ Contra Fund Direct Growth is calculated with S&P BSE 500 India 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 India EQ Contra Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak India EQ Contra Fund Direct Growth
-0.23
0.82
0.81
As on February 2025
The sharpe ratio for Kotak India EQ Contra Fund Direct Growth is calculated with S&P BSE 500 India 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 India EQ Contra Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak India EQ Contra Fund Direct Growth
15.66
14.55
19.64
As on February 2025
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.
Sortino ratio is 1.43 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.98 as on February 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Shibani Kurian is the fund manager of Kotak India EQ Contra Fund Direct Growth
The Exit load of Kotak India EQ Contra Fund Direct Growth is 1%