| KOTAK INFRASTRUCTURE
& ECONOMIC REFORM FUND
An open ended equity scheme following infrastructure & Economic Reform theme
& ECONOMIC REFORM FUND
An open ended equity scheme following infrastructure & Economic Reform theme
| KOTAK INFRASTRUCTURE
& ECONOMIC REFORM FUND
An open ended equity scheme following infrastructure & Economic Reform theme
& ECONOMIC REFORM FUND
An open ended equity scheme following infrastructure & Economic Reform theme
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Investment Objective
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.
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.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Equity & Equity related |
||
| Industrial Products | 17.26 | |
| Schaeffler India Ltd | 5.21 | |
| AIA Engineering Limited. | 3.60 | |
| Cummins India Ltd. | 2.39 | |
| Supreme Industries Limited | 2.05 | |
| SKF India Ltd | 1.63 | |
| Carborundum Universal Ltd. | 1.29 | |
| WPIL Ltd | 1.09 | |
| Construction Project | 9.53 | |
| Larsen And Toubro Ltd. | 5.41 | |
| H G Infra Engineering Ltd. | 2.29 | |
| Rail Vikas Nigam Limited. | 1.34 | |
| Techno Electric & Engineering Company Limited | 0.49 | |
| Cement & Cement Products | 9.32 | |
| Ultratech Cement Ltd. | 4.58 | |
| Shree Cement Ltd. | 2.96 | |
| The Ramco Cements Ltd | 1.78 | |
| Industrial Capital Goods | 8.85 | |
| Thermax Ltd. | 4.88 | |
| ABB India Ltd | 1.80 | |
| Tega Industries Ltd. | 1.46 | |
| BEML Ltd. | 0.71 | |
| Construction | 8.13 | |
| PNC Infratech Ltd | 2.88 | |
| Mahindra Lifespace Developers Ltd | 1.96 | |
| JMC Projects (India) Ltd. | 1.94 | |
| G R Infraprojects Limited | 1.35 | |
| Transportation | 6.21 | |
| Container Corporation of India Ltd. | 3.85 | |
| Inter Globe Aviation Ltd | 2.36 | |
| Gas | 6.04 | |
| Indraprastha Gas Ltd. | 3.15 | |
| Gujarat Gas Ltd. | 2.89 | |
| Telecom - Services | 5.54 | |
| Bharti Airtel Ltd | 5.34 | |
| Bharti Airtel Ltd - Partly Paid Shares | 0.20 | |
| Petroleum Products | 5.13 | |
| Reliance Industries Ltd. | 5.13 | |
| Consumer Durables | 4.96 | |
| Kajaria Ceramics Ltd. | 3.27 | |
| V-Guard Industries Ltd. | 1.69 | |
| Chemicals | 4.62 | |
| Solar Industries India Limited | 4.62 | |
| Power | 3.53 | |
| National Thermal Power Corporation Limited | 2.36 | |
| Kalpataru Power Transmission Ltd. | 1.17 | |
| Auto Ancillaries | 3.14 | |
| Rolex Rings Ltd. | 2.60 | |
| Motherson Sumi Systems Ltd. | 0.44 | |
| Motherson Sumi Wiring India Limited | 0.10 | |
| Oil | 2.56 | |
| Hindustan Oil Exploration Company Ltd. | 2.56 | |
| Ferrous Metals | 2.24 | |
| Ratnamani Metals & Tubes Ltd. | 1.86 | |
| APL Apollo Tubes Ltd. | 0.38 | |
| Equity & Equity Related - Total | 97.06 | |
| Triparty Repo | 3.52 | |
| Net Current Assets/(Liabilities) | -0.58 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 16,80,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Jan 31, 2022 (Rs) | 48,36,782 | 27,48,845 | 14,50,770 | 9,51,574 | 5,68,266 | 1,40,047 |
| Scheme Returns (%) | 13.97 | 15.81 | 15.33 | 18.49 | 31.97 | 32.28 |
| Nifty Infrastructure (TRI) Returns (%) | 8.47 | 11.91 | 14.49 | 18.11 | 28.55 | 26.52 |
| Alpha* | 5.50 | 3.90 | 0.84 | 0.38 | 3.42 | 5.77 |
| Nifty Infrastructure (TRI) (Rs)# | 31,43,855 | 22,30,293 | 14,07,972 | 9,42,737 | 5,42,899 | 1,36,583 |
| India Infrastructure Index Returns (%) | 7.60 | 9.66 | 11.22 | 14.17 | 25.48 | 24.73 |
| Alpha* | 6.37 | 6.15 | 4.11 | 4.32 | 6.49 | 7.55 |
| India Infrastructure Index (Rs)# | 29,40,122 | 19,79,371 | 12,52,655 | 8,55,914 | 5,20,775 | 1,35,501 |
| Nifty 50 (TRI) (Rs)^ | 47,23,359 | 26,17,493 | 14,84,682 | 9,39,446 | 5,11,359 | 1,31,088 |
| Nifty 50 (TRI) Returns (%) | 13.67 | 14.90 | 15.97 | 17.96 | 24.14 | 17.52 |
Scheme Inception : - February 25, 2008. 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. # 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).
*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer.
*Alpha is difference of scheme return with benchmark return.
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).
*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer.
*Alpha is difference of scheme return with benchmark return.
NAV
| Reg-Plan-IDCW | Rs26.0310 |
| Dir-Plan-IDCW | Rs36.1720 |
| Growth option | Rs32.5480 |
| Direct Growth option | Rs36.5890 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)
| Fund Manager | Mr. Harish Krishnan* |
| Benchmark*** | Nifty Infrastructure
TRI (Tier 1) India Infrastructure Index (Customised Index by IISL) (Tier 2) |
| Allotment date | February 25, 2008 |
| AAUM | Rs511.92 crs |
| AUM | Rs511.69 crs |
| Folio count | 19,729 |
IDCW Frequency
Trustee's Discretion
Ratios
| Portfolio Turnover | 16.06% |
| $Beta | 1.04 |
| $Sharpe ## | 0.77 |
| $Standard Deviation | 25.73% |
| (P/E) | 42.04 |
| P/BV | 4.14 |
| IDCW Yield | 0.69 |
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 of upto 10%
of the initial investment amount (limit)
purchased or switched in within 1 year from
the date of allotment: Nil.
b) If units redeemed or switched out are in
excess of the limit within 1 year from the
date of allotment: 1%
c) If units are redeemed or switched out on
or after 1 year from the date of allotment:
NIL
Total Expense Ratio**
Regular: 2.72%; Direct: 1.22%
Data as on January 31, 2022
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
- Long term capital appreciation by investing in equity and equity related instruments of companies contributing to infrastructure and economic development of India.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
***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 3.40% (FBIL Overnight MIBOR rate as on 31st January 2022).**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'