26 Sep 2022
Here’s a fund – an open-ended equity scheme, which can invest 80-100% in equity and equity-related securities of companies having pioneering innovations theme*.
But there is something more interesting about the Kotak Pioneer Fund.
Within this equity allocation of 80-100%, the scheme may invest up to maximum of 35% in units of overseas mutual funds schemes or exchange traded funds which have a similar investment objective or strategy/foreign securities having pioneering innovation theme.
So effectively, this fund aims to give you the advantage of investment in both local and global names.
Kotak Pioneer Fund currently has about 18.8% of its funds invested in overseas mutual funds, and the rest in Indian companies^.
About 50.5% of its investments are in large-cap companies, 36.6% in mid-cap companies, and 12.9% is in small-cap companies^.
Now, let’s take a look at the performance of this fund.
The fund has generated returns of nearly 23% since its inception**.
The Fund was benchmarked against the 85% IISL KOTAK INDIA PIONEERING INNOVATIONS + 15% MSCI ACWI Information Technology Index TRI up to August 31, 2022, and has generated an alpha of 2.30% since inception**. Some of the strategies that the fund follows to help optimise a risk-adjusted performance includes:
Diversification across sectors and stocks for risk mitigation
Companies within this theme generally have a track record of multiple revenue streams
Diversification across geographies
*Source: Kotak Pioneer Fund -Scheme Information Document (“SID”). Refer SID for detailed and complete asset allocation details.
^Source: MFI Explorer, Data as on Aug 31, 2022.
**Data as on August 30, 2022. Scheme Inception date is 31/10/2019. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future. Source: ICRA MFI Explorer. Alpha is difference of scheme return with benchmark return. Refer below for detailed scheme performance related disclosures.
The benchmark for the Kotak Pioneer Fund has changed to 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI, with effect from September 1, 2022.
Kotak Pioneer Fund is managed by Mr. Harish Krishnan and Mr. Arjun Khanna. Click here to view the other funds managed by them.
The information contained herein is extracted from internal research KMAMC/different public sources. All reasonable care has been taken to ensure that the information contained here in is not misleading or untrue at the time of publication. This is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd, Kotak Mahindra Trustee Company Limited or any associated companies or any employee, directors thereof.