| 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 | 16.74 | |
| Schaeffler India Ltd | 4.93 | |
| AIA Engineering Limited. | 3.10 | |
| Supreme Industries Limited | 2.30 | |
| Cummins India Ltd. | 2.15 | |
| SKF India Ltd | 1.90 | |
| Carborundum Universal Ltd. | 1.21 | |
| WPIL Ltd | 1.15 | |
| Construction Project | 9.93 | |
| Larsen And Toubro Ltd. | 5.44 | |
| H G Infra Engineering Ltd. | 2.56 | |
| Rail Vikas Nigam Limited. | 1.42 | |
| Techno Electric & Engineering Company Limited | 0.51 | |
| Cement & Cement Products | 9.10 | |
| Ultratech Cement Ltd. | 3.95 | |
| Shree Cement Ltd. | 3.05 | |
| The Ramco Cements Ltd | 2.10 | |
| Construction | 8.67 | |
| PNC Infratech Ltd | 3.27 | |
| Mahindra Lifespace Developers Ltd | 2.13 | |
| JMC Projects (India) Ltd. | 1.95 | |
| G R Infraprojects Limited | 1.32 | |
| Industrial Capital Goods | 7.20 | |
| Thermax Ltd. | 4.47 | |
| ABB India Ltd. | 1.75 | |
| BEML Ltd. | 0.98 | |
| Gas | 6.22 | |
| Gujarat Gas Ltd. | 3.13 | |
| Indraprastha Gas Ltd. | 3.09 | |
| Telecom - Services | 6.03 | |
| Bharti Airtel Ltd | 5.81 | |
| Bharti Airtel Ltd - Partly Paid Shares | 0.22 | |
| Chemicals | 5.88 | |
| Solar Industries India Limited | 5.88 | |
| Transportation | 5.24 | |
| Container Corporation of India Ltd. | 3.62 | |
| Inter Globe Aviation Ltd | 1.62 | |
| Petroleum Products | 5.11 | |
| Reliance Industries Ltd. | 5.11 | |
| Consumer Durables | 4.48 | |
| Kajaria Ceramics Ltd. | 2.79 | |
| V-Guard Industries Ltd. | 1.69 | |
| Power | 3.40 | |
| National Thermal Power Corporation Limited | 2.16 | |
| Kalpataru Power Transmission Ltd. | 1.24 | |
| Ferrous Metals | 2.77 | |
| Ratnamani Metals & Tubes Ltd. | 2.28 | |
| APL Apollo Tubes Ltd. | 0.49 | |
| Auto Ancillaries | 2.44 | |
| Rolex Rings Ltd. | 2.44 | |
| Oil | 2.16 | |
| Hindustan Oil Exploration Company Ltd. | 2.16 | |
| Equity & Equity Related - Total | 95.37 | |
| Triparty Repo | 3.13 | |
| Net Current Assets/(Liabilities) | 1.50 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 16,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Nov 30, 2021 (Rs) | 47,58,875 | 27,77,832 | 14,56,607 | 9,59,083 | 5,75,622 | 1,50,587 |
| Scheme Returns (%) | 14.10 | 16.02 | 15.45 | 18.83 | 33.01 | 50.57 |
| India Infrastructure Index (Customised Index by IISL) (TRI) Returns (%) | 7.33 | 9.29 | 10.56 | 13.44 | 24.50 | 31.35 |
| Alpha | 6.77 | 6.73 | 4.89 | 5.39 | 8.51 | 19.22 |
| India Infrastructure Index (Customised Index by IISL) (TRI) (Rs)# | 28,25,148 | 19,40,157 | 12,23,295 | 8,40,321 | 5,13,500 | 1,39,384 |
| Nifty 50 (TRI) (Rs)^ | 46,04,017 | 26,23,003 | 14,77,765 | 9,44,210 | 5,13,321 | 1,34,154 |
| Nifty 50 (TRI) Returns (%) | 13.68 | 14.95 | 15.86 | 18.19 | 24.47 | 22.64 |
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).
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).
Alpha is difference of scheme return with benchmark return.
NAV
| Reg-Plan-IDCW | Rs25.7180 |
| Dir-Plan-IDCW | Rs35.6510 |
| Growth option | Rs32.1570 |
| Direct Growth option | Rs36.0610 |
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*** | India Infrastructure Index (Customised Index by IISL) |
| Allotment date | February 25, 2008 |
| AAUM | Rs476.08 crs |
| AUM | Rs470.38 crs |
| Folio count | 18,818 |
IDCW Frequency
Trustee's Discretion
Ratios
| Portfolio Turnover | 24.45% |
| $Beta | 1.03 |
| $Sharpe ## | 0.71 |
| $Standard Deviation | 26.06% |
| (P/E) | 40.63 |
| P/BV | 4.06 |
| IDCW Yield | 0.75 |
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: 2.68%; Direct: 1.21%
Data as on November 30, 2021
Fund
Benchmark
This product is suitable for investors who are seeking*:
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.
***Investors/Unitholders may note that pursuant to SEBI circular no. SEBI/HO/IMD/IMD-II DF3/P/CIR/2021/652 dated October 27, 2021 and in accordance with AMFI, the existing benchmarks of the Scheme (s) of KMMF will be modified with effect from December 01, 2021. For further details refer notice-cum-addendum dated November 30, 2021 on change in the benchmark for the schemes of KMMF.
## Risk rate assumed to be 3.41% (FBIL Overnight MIBOR rate as on 30th November 2021).**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'