Kotak Infrastructure & Economic Reform Fund Direct Growth
Equity
Direct
Equity - Infrastructure
NAV as on 06-09-2024
₹ 82.61
1D
Inception Returns
20.9%
/yr
About the Fund
Kotak Infrastructure & Economic Reform Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Harish Krishnan, Arjun Khanna. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Infrastructure & Economic Reform Fund Direct Growth has ₹2437 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Kotak Infrastructure & Economic Reform Fund Direct Growth has given a CAGR return of 20.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 54.85%, 33.12% and 32.46% respectively.
Holdings
Kotak Infrastructure & Economic Reform Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Utilities, Communication, Financial Services, Energy, Real Estate, Tech. Its top holdings are UltraTech Cement Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd, Solar Industries India Ltd, Kalpataru Projects International Ltd
Taxation
As it is a equity - infrastructure 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 Infrastructure & Economic Reform Fund Direct Growth
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms. However, there is no assurance that the objective of the scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Infrastructure & Economic Reform Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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9876 people have invested ₹ 5.8Cr in Kotak Infrastructure & Economic Reform Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹2437 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 4.32% |
| 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 (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Small cap
35.3%
Mid cap
28.7%
Large cap
27.3%
Sector Allocation
Industrial
52.6%
Basic Materials
14%
Consumer Cyclical
13.3%
Utilities
7.6%
Communication
4.9%
Financial Services
3%
Energy
1.8%
Real Estate
1.6%
Tech
1.2%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 2.72% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.81% in Jul'24
- AUM of the fund stands at 2.4K Cr as of Jul'24
- AUM increased by 163.9 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Kalpataru Projects International Ltd's allocation increased from 2.86% to 3.11%
Power Finance Corp Ltd's allocation increased from 2.67% to 2.86%
Ashoka Buildcon Ltd's allocation increased from 2.47% to 2.62%
Top Stocks sold last month
UltraTech Cement Ltd's allocation decreased from 3.59 % to 3.41 %
Bharti Airtel Ltd's allocation decreased from 3.46 % to 3.34 %
Mahindra Logistics Ltd's allocation decreased from 3.33 % to 3.04 %
Small Cap allocation has gone down from 33.6% to 32.6%
Mid Cap allocation has gone down from 32.2% to 30.7%
Large Cap allocation has gone down from 29.4% to 28%
Cash allocation has gone up from 4% to 5.4%
Top 3 Sectors in July were Industrial, Consumer Cyclical & Basic Materials
Jul'24
Industrial
53%
Basic Materials
14%
Consumer Cyclical
13%
Jun'24
Industrial
54%
Consumer Cyclical
14%
Basic Materials
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Gujarat State Petronet Ltd | 36.1% |
 Interglobe Aviation Ltd | 13.3% |
 Bharti Airtel Ltd | 7.2% |
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Harish Krishnan
Fund Manager of Kotak Infrastructure & Economic Reform Fund Direct Growth, since 31 January 2015
Top funds managed
Arjun Khanna
Fund Manager of Kotak Infrastructure & Economic Reform Fund Direct Growth, since 1 March 2022
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
Mutual Fund Insights
In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 40.63% return, outperforming this fund by 8.17% per annum.
Over the last 6 months, this fund has decreased expense ratio by 18.7% moving from 0.75 to 0.61.
In the last 1 year, LIC MF Infrastructure Fund Direct Plan Growth Option has given 73.44% return, outperforming this fund by 18.59%.
This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.52%.
In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 38.06% return, outperforming this fund by 4.94% per annum.
Over the last 6 months, this fund has experienced a 64.9% growth in AUM moving from 1.47K Cr to 2.43K Cr.
Kotak Infrastructure & Economic Reform 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 20.9% since inception which is more than its category average return of 14.83%
Fund Allocations
This fund has an allocation of 94.62% in Equity, 0% in Debt and 5.38% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 1994 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.71%
Frequently Asked Questions
The current NAV of Kotak Infrastructure & Economic Reform Fund Direct Growth is ₹82.61 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Kotak Infrastructure & Economic Reform Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.58% | 4.58% |
6 Month Returns | 28.02% | 28.02% |
1 Year Returns | 54.85% | 54.85% |
3 Years Returns | 135.9% | 33.12% |
5 Years Returns | 307.73% | 32.46% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.61% as on August 2024
₹2437 Cr as on August 2024
UltraTech Cement Ltd(3.41%), Bharti Airtel Ltd(3.34%), Larsen & Toubro Ltd(3.32%), Solar Industries India Ltd(3.19%), Kalpataru Projects International Ltd(3.11%) as on August 2024
Industrial(49.74%), Basic Materials(13.21%), Consumer Cyclical(12.61%) as on August 2024
The alpha ratio for the Kotak Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Infrastructure & Economic Reform Fund Direct Growth | 10.81 | 10.76 | 5.14 |
As on August 2024
The alpha for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Infrastructure & Economic Reform Fund Direct Growth | 0.7 | 0.71 | 0.96 |
As on August 2024
The Beta for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Infrastructure & Economic Reform Fund Direct Growth | 3 | 1.99 | 1.22 |
As on August 2024
The sharpe ratio for Kotak Infrastructure & Economic Reform 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 Infrastructure & Economic Reform Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Infrastructure & Economic Reform Fund Direct Growth | 13.3 | 12.54 | 20.87 |
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.
Sortino ratio is 5.04 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.8 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Harish Krishnan, Arjun Khanna are the fund managers of Kotak Infrastructure & Economic Reform Fund Direct Growth
The Exit load of Kotak Infrastructure & Economic Reform Fund Direct Growth is 1%