| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy
| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy

  

  
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.

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.


Issuer/Instrument Industry/
Rating		 % to Net
Assets

Equity & Equity related
Banks 28.08
ICICI Bank Ltd. 8.07
HDFC Bank Ltd. 4.76
State Bank Of India 4.61
Axis Bank Ltd. 3.50
Bank Of Baroda 2.09
Federal Bank Ltd. 1.92
AU Small Finance Bank Ltd. 1.47
IndusInd Bank Ltd. 1.33
Karur Vysya Bank Ltd. 0.33
IT - Software 8.54
Infosys Ltd. 4.77
Tata Consultancy Services Ltd. 1.61
Persistent Systems Limited 1.36
HCL Technologies Ltd. 0.80
Pharmaceuticals & Biotechnology 6.60
Sun Pharmaceuticals Industries Ltd. 2.38
Torrent Pharmaceuticals Ltd. 1.45
Alkem Laboratories Ltd. 0.98
Cipla Ltd. 0.71
Dr Reddys Laboratories Ltd. 0.55
Zydus Lifesciences Limited 0.53
Industrial Products 6.00
Cummins India Ltd. 2.36
Supreme Industries Limited 1.83
Bharat Forge Ltd. 1.81
Automobiles 5.88
Maruti Suzuki India Limited 2.45
Mahindra & Mahindra Ltd. 2.45
Hero MotoCorp Ltd. 0.98
Petroleum Products 5.09
Reliance Industries Ltd. 4.41
Hindustan Petroleum Corporation Ltd 0.68
Diversified FMCG 4.55
ITC Ltd. 2.68
Hindustan Unilever Ltd. 1.87
Construction 3.80
Larsen And Toubro Ltd. 3.40
Kalpataru Power Transmission Ltd. 0.40
Cement & Cement Products 3.70
Ultratech Cement Ltd. 2.45
Shree Cement Ltd. 0.97
The Ramco Cements Ltd 0.28
Consumer Durables 3.48
Whirlpool of India Ltd. 1.22
Kajaria Ceramics Ltd. 0.91
Voltas Ltd. 0.82
Bata India Ltd. 0.53
Telecom - Services 3.05
Bharti Airtel Ltd 2.94
Bharti Airtel Ltd - Partly Paid Shares 0.11
Power 2.33
National Thermal Power Corporation Limited 2.33
Personal Products 2.26
Godrej Consumer Products Ltd. 1.49
Emami Ltd. 0.77
Aerospace & Defense 1.88
Bharat Electronics Ltd. 1.88
Auto Components 1.84
Bosch Ltd. 1.29
Samvardhana Motherson International Limited 0.55
Chemicals & Petrochemicals 1.69
SRF Ltd. 1.69
Insurance 1.48
SBI Life Insurance Company Ltd 1.48
Beverages 1.42
United Breweries Ltd. 1.42
Ferrous Metals 1.39
Jindal Steel & Power Ltd. 1.39
Realty 1.32
Oberoi Realty Ltd 1.32
Transport Services 0.89
Inter Globe Aviation Ltd 0.89
Gas 0.74
Gujarat State Petronet Ltd. 0.74
Finance 0.58
Aavas Financiers Ltd. 0.58
Leisure Services 0.46
Jubilant Foodworks Limited 0.46
Non - Ferrous Metals 0.37
Hindalco Industries Ltd 0.37
Capital Markets 0.21
Prudent Corporate Advisory Services Ltd. 0.21
Fertilizers & Agrochemicals 0.17
Coromandel International Ltd. 0.17
Retailing 0.14
Medplus Health Services Ltd. 0.14
Entertainment 0.09
Inox Leisure Ltd. 0.09
Equity & Equity related - Total 98.03
Triparty Repo 2.01
Net Current Assets/(Liabilities) -0.04
Grand Total 100.00



Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 20,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Oct 31, 2022 (₹) 74,89,676 26,04,530 14,72,214 9,10,970 4,92,981 1,28,222
Scheme Returns (%) 13.35 14.82 15.75 16.72 21.54 12.97
Nifty 500 (TRI) Returns (%) 13.07 14.66 15.45 16.83 21.97 10.51
Alpha 0.28 0.16 0.30 -0.11 -0.44 2.46
Nifty 500 (TRI) (₹)# 72,77,326 25,82,894 14,56,621 9,13,334 4,95,959 1,26,687
Nifty 100 (TRI) Returns (%)13.06 14.14 15.01 16.01 20.29 10.70
Alpha 0.29 0.68 0.73 0.71 1.25 2.27
Nifty 100 (TRI) (₹)# 72,67,776 25,11,935 14,34,117 8,95,252 4,84,523 1,26,805
Nifty 50 (TRI) (₹)^ 70,33,241 24,98,869 14,46,264 9,00,866 4,85,108 1,27,080
Nifty 50 (TRI) Returns (%) 12.74 14.04 15.25 16.27 20.38 11.14

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. # 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. 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.

NAV
Reg-Plan-IDCW Rs30.134
Dir-Plan-IDCW Rs35.382
Growth optionRs87.421
Direct Growth option Rs99.429

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
BenchmarkNifty 500 TRI (Tier 1)
Nifty 100 TRI (Tier 2)
Allotment dateJuly 27, 2005
AAUMRs1,368.71 crs
AUMRs1,420.89 crs
Folio count57,176

IDCW Frequency

Trustee's Discretion


Ratios
Portfolio Turnover16.50%
$Beta0.99
$Sharpe ##0.55
$Standard Deviation22.66%
(P/E) 23.5
P/BV 3.2
IDCW Yield1.1
Source: $ ICRA MFI Explorer.

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:
(Upto August 31,2022)
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

(With effect from September 01,2022)
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: 2.18%; Direct: 0.83%


Data as on October 31, 2022

Fund


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 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 6.25% (FBIL Overnight MIBOR rate as on 31st October 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'