| KOTAK EQUITY ARBITRAGE FUND
An open ended scheme investing in arbitrage opportunities
| KOTAK EQUITY ARBITRAGE FUND
An open ended scheme investing in arbitrage opportunities

  

  
Investment Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be achieved.

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be achieved.


Issuer/
Instrument		 Industry/
Rating		 % to Net
Assets		 % to Net
Assets
Derivatives

Equity & Equity related
RELIANCE INDUSTRIES LTD. Petroleum Products 5.80 -5.82
Axis Bank Ltd. Banks 4.04 -4.06
ICICI Bank Ltd. Banks 3.44 -3.46
HDFC Bank Ltd. Banks 2.61 -2.62
State Bank Of India Banks 2.12 -2.13
Bharti Airtel Ltd Telecom - Services 1.65 -1.66
Tata Consultancy Services Ltd. IT - Software 1.46 -1.47
Tata Steel Ltd. Ferrous Metals 1.24 -1.24
ITC Ltd. Diversified FMCG 1.19 -1.18
NTPC LTD Power 1.17 -1.18
Others 48.42 -48.63
Equity & Equity related - Total 73.14 -73.45
Mutual Fund Units 23.15
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD) 0.94
Triparty Repo 4.07
Net Current Assets/(Liabilities) -1.30
Grand Total 100.00

For detailed portfolio log on to
https://www.kotakmf.com/Products/funds/hybrid-funds/Kotak-Equity-Arbitrage-Fund/Dir-G

Mutual Fund Units as provided above is towards margin for derivatives transactions
Equity Derivative Exposuer is 73.45%


Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 23,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on January 31, 2025 (₹) 46,33,194 16,27,831 10,41,177 7,05,607 4,02,362 1,24,783
Scheme Returns (%) 6.60 5.94 6.04 6.41 7.35 7.45
Nifty 50 Arbitrage Index (%) NA 5.61 5.91 6.43 7.46 7.70
Alpha* NA 0.33 0.13 -0.02 -0.12 -0.25
Nifty 50 Arbitrage Index (₹)# NA 16,00,259 10,36,393 7,05,918 4,03,075 1,24,942
NIFTY 1 Year T-Bill Index (₹)^ 46,03,252 16,39,509 10,35,502 6,96,252 3,98,188 1,24,412
NIFTY 1 Year T-Bill Index (%) 6.54 6.08 5.88 5.88 6.65 6.87

Scheme Inception : - September 29, 2005. The returns are calculated by XIRR approach assuming investment of ₹10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The SIP performance details provided herein are of Regular Plan - Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.

Net Asset Value (NAV)
RegularDirect
Growth Rs36.4610Rs38.8639
Monthly IDCW Rs10.7248Rs11.2073
(as on January 31, 2025)

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager* Mr. Hiten Shah
BenchmarkNifty 50 Arbitrage
Allotment dateSeptember 29, 2005
AAUMRs56,469.11 crs
AUMRs57,567.02 crs
Folio count82,472

IDCW Frequency

Monthly (Monday preceding the last Thursday of the month)


Debt Quant & Ratios
Average Maturity 0.08 yrs
Modified Duration 0.08 yrs
Macaulay Duration 0.08 yrs
Annualised YTM* 6.83%
$Standard Deviation 0.62%
$Beta 0.75
$Sharpe## -0.30
^^P/E$$ 20.41
^^P/BV$$ 2.88
Portfolio Turnover 2,089.66%
*in case of semi annual YTM, it will be annualized.
$$Equity Component of the Portfolio.

Source: $ICRA MFI Explorer, ^^Bloomberg

Minimum Investment Amount

Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter

Ideal Investments Horizon

• 3 months & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load:
• For redemptions/switch outs (including SIP/STP) within 30 days from the date of allotment of units: 0.25%
• For redemptions/switch outs (including SIP/STP) after 30 days from the date of allotment of units: Nil


Total Expense Ratio**
Regular Plan: 1.04%
Direct Plan: 0.43%

Data as on 31st January, 2025 unless otherwise specified.

Folio Count data as on 31st December 2024.


Fund



Benchmark: Nifty 50 Arbitrage



This product is suitable for investors who are seeking*:
  • Income from arbitrage opportunities in the equity market
  • Investment in arbitrage opportunities in the cash & derivatives segment of the equity market.

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 31st December, 2024. An addendum may be issued or updated on the website for new riskometer.


## Risk rate assumed to be 6.65% (FBIL Overnight MIBOR rate as on 31st Jan 2024).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'For Regular Plan' & 'For Direct Plan'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'For Regular Plan' & 'For Direct Plan'