| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy
An open-ended equity scheme following contrarian investment strategy
| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy
Source: $ ICRA MFI Explorer.
***As per SEBI Circular dated 27th October 2021 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 31st May 2023).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'
An open-ended equity scheme following contrarian investment strategy
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Investment Objective
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.
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.
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.
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.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Equity & Equity related | ||
| Banks | 21.74 | |
| ICICI Bank Ltd. | 4.84 | |
| HDFC Bank Ltd. | 4.06 | |
| State Bank Of India | 3.35 | |
| Axis Bank Ltd. | 3.14 | |
| Bank Of Baroda | 1.76 | |
| Federal Bank Ltd. | 1.63 | |
| AU Small Finance Bank Ltd. | 1.58 | |
| IndusInd Bank Ltd. | 1.38 | |
| IT - Software | 6.85 | |
| Infosys Ltd. | 3.49 | |
| Persistent Systems Limited | 1.69 | |
| HCL Technologies Ltd. | 1.67 | |
| Finance | 5.94 | |
| Power Finance Corporation Ltd. | 1.79 | |
| HDFC Ltd. | 1.62 | |
| Mahindra & Mahindra Financial Services Ltd. | 1.52 | |
| Can Fin Homes Ltd, | 1.01 | |
| Pharmaceuticals and Biotechnology | 5.53 | |
| Sun Pharmaceuticals Industries Ltd. | 2.03 | |
| Torrent Pharmaceuticals Ltd. | 1.33 | |
| Zydus Lifesciences Limited | 1.25 | |
| Alkem Laboratories Ltd. | 0.92 | |
| Diversified FMCG | 5.29 | |
| ITC Ltd. | 3.36 | |
| Hindustan Unilever Ltd. | 1.93 | |
| Industrial Products | 5.26 | |
| Cummins India Ltd. | 2.14 | |
| Supreme Industries Limited | 1.60 | |
| Bharat Forge Ltd. | 1.52 | |
| Automobiles | 4.02 | |
| Maruti Suzuki India Limited | 2.14 | |
| Hero MotoCorp Ltd. | 1.88 | |
| Cement and Cement Products | 3.82 | |
| Ultratech Cement Ltd. | 2.55 | |
| Shree Cement Ltd. | 0.96 | |
| The Ramco Cements Ltd | 0.31 | |
| Construction | 3.81 | |
| Larsen And Toubro Ltd. | 2.69 | |
| Kalpataru Power Transmission Ltd. | 1.12 | |
| Petroleum Products | 3.38 | |
| Reliance Industries Ltd. | 3.38 | |
| Auto Components | 3.08 | |
| Exide Industries Ltd | 1.69 | |
| Bosch Ltd. | 1.39 | |
| Telecom - Services | 2.66 | |
| Bharti Airtel Ltd | 2.56 | |
| Bharti Airtel Ltd - Partly Paid Shares | 0.10 | |
| Aerospace and Defense | 2.55 | |
| Bharat Electronics Ltd. | 1.76 | |
| Astra Microwave Products Ltd. | 0.79 | |
| Consumer Durables | 2.53 | |
| Whirlpool of India Ltd. | 1.09 | |
| Kajaria Ceramics Ltd. | 0.95 | |
| Bata India Ltd. | 0.41 | |
| Elin Electronics Ltd. | 0.08 | |
| Gas | 2.30 | |
| Gujarat State Petronet Ltd. | 1.44 | |
| Gail (India) Ltd. | 0.86 | |
| Transport Services | 2.21 | |
| Inter Globe Aviation Ltd | 1.49 | |
| Container Corporation of India Ltd. | 0.72 | |
| Power | 2.17 | |
| National Thermal Power Corporation Limited | 2.17 | |
| Personal Products | 2.12 | |
| Godrej Consumer Products Ltd. | 2.12 | |
| Chemicals and Petrochemicals | 2.10 | |
| SRF Ltd. | 1.48 | |
| Tata Chemicals Ltd | 0.62 | |
| Ferrous Metals | 1.38 | |
| Jindal Steel & Power Ltd. | 1.38 | |
| Insurance | 1.30 | |
| SBI Life Insurance Company Ltd | 1.30 | |
| Oil | 1.19 | |
| Oil & Natural Gas Corporation Ltd. | 1.19 | |
| Realty | 1.18 | |
| Oberoi Realty Ltd | 1.18 | |
| Beverages | 1.11 | |
| United Breweries Ltd. | 1.11 | |
| Healthcare Services | 1.00 | |
| Fortis Healthcare India Ltd | 1.00 | |
| Non - Ferrous Metals | 0.80 | |
| Hindalco Industries Ltd | 0.80 | |
| Entertainment | 0.61 | |
| Zee Entertainment Enterprises Ltd | 0.61 | |
| Leisure Services | 0.42 | |
| Jubilant Foodworks Limited | 0.42 | |
| Equity & Equity related - Total | 96.35 | |
| Triparty Repo | 1.59 | |
| Net Current Assets/(Liabilities) | 2.06 | |
| Grand Total | 100.00 | |
| | ||
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 21,50,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on May 31, 2023 (₹) | 79,59,454 | 25,37,643 | 14,27,247 | 8,98,358 | 4,60,726 | 1,30,154 |
| Scheme Returns (%) | 13.15 | 14.34 | 14.89 | 16.17 | 16.73 | 16.14 |
| Nifty 500 (TRI) Returns (%) | 12.64 | 13.72 | 13.99 | 15.49 | 15.20 | 12.51 |
| Alpha | 0.51 | 0.62 | 0.90 | 0.68 | 1.53 | 3.63 |
| Nifty 500 (TRI) (₹)# | 75,38,269 | 24,54,797 | 13,82,165 | 8,83,429 | 4,50,845 | 1,27,911 |
| Nifty 100 (TRI) Returns (%) | 12.53 | 13.03 | 13.28 | 14.11 | 13.52 | 10.59 |
| Alpha | 0.63 | 1.31 | 1.61 | 2.06 | 3.21 | 5.55 |
| Nifty 100 (TRI) (₹)# | 74,47,092 | 23,66,506 | 13,47,525 | 8,53,980 | 4,40,124 | 1,26,714 |
| Nifty 50 (TRI) (₹)^ | 73,40,823 | 24,03,151 | 13,83,295 | 8,71,003 | 4,47,593 | 1,28,147 |
| Nifty 50 (TRI) Returns (%) | 12.39 | 13.32 | 14.01 | 14.91 | 14.70 | 12.89 |
Scheme Inception : - July 27,2005. 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 is for Regular Plan – Growth Option Different plans have different expense structure.
# Benchmark ; ^ Additional Benchmark TRI – Total Return Index, In terms of SEBI circular dated January 4, 2018, 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.
# Benchmark ; ^ Additional Benchmark TRI – Total Return Index, In terms of SEBI circular dated January 4, 2018, 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.
NAV
| Reg-Plan-IDCW | Rs31.73 |
| Dir-Plan-IDCW | Rs37.556 |
| Growth option | Rs92.052 |
| Direct Growth option | Rs105.538 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager* | Ms. Shibani Kurian |
| Benchmark | Nifty 500 TRI (Tier 1) Nifty 100 TRI (Tier 2) |
| Allotment date | July 27, 2005 |
| AAUM | Rs1,557.92 crs |
| AUM | Rs1,598.78 crs |
| Folio count | 59,287 |
IDCW Frequency
Trustee's Discretion
Ratios
| Portfolio Turnover | 28.31% |
| $Beta | 0.92 |
| $Sharpe ## | 1.37 |
| $Standard Deviation | 14.27% |
| (P/E) | 19.06 |
| P/BV | 2.67 |
| IDCW Yield | 1.48 |
Minimum Investment Amount
Initial Investment: Rs5000 and in multiple of
Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs1000 & in multiples
of Rs1
Ideal Investments Horizon: 5 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
a) For redemption / switch out within 90
days from the date of allotment:1%
b) If units are redeemed or switched out on
or after 90 days from the date of allotment -
Nil.
Total Expense Ratio**
Regular:2.09%; Direct: 0.75%
Data as on May 31, 2023
Fund
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
- Long term capital growth
- Investment in portfolio of predominantly equity & equity related securities.
* 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 May, 2023. An addendum may be issued or updated on the website for new riskometer.
***As per SEBI Circular dated 27th October 2021 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 31st May 2023).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'