Kotak

Equity Arbitrage

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 13738.97 Cr.
Risk
Moderately Low

This open ended fund Scheme is suitable for investors seeking*

  1. Income from arbitrage opportunities in the equity market
  2. Investment in arbitrage opportunities in the cash & derivatives segment of the equity market

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them

Fund Manager
Mr. Deepak Gupta
Mr. Deepak has almost 10 years of experience in the mutual fund industry. He had joined the Equity Fund Management team as a research analyst. He is now an Equity Fund Manager. Mr.Deepak is a Graduate in Commerce from Mumbai University. He is a qualified Chartered Accountant, a Cost Accountant and has cleared the AIMR CFA Level 3.

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Let’s calculate your gain

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If you would have invested `

since inception, it would have become` - i.e. - %CAGR .

About Kotak Equity Arbitrage

  • Enter into simultaneous transactions of a long position in cash and exactly off-setting short position in futures
  • Equity position is completely hedged at trade initiation.
  • Towards the expiry or before the expiry of the derivatives contract, the positions are reversed or rolled over (if spread is available for next month)

Performanceas on

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  Since
Inception
Last
1 Year
Last
3 Years
Last
5 Years

For performance in SEBI format please refer performance section.

Scheme Inception date is 29/09/2005. Mr. Deepak Gupta has been managing the fund since 01/09/2008. Different plans have different expense structure. Past performance may or may not be sustained in future. 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 investment made at inception. Source: ICRA MFI Explorer. 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).

Sector Allocation

Sector % of net asset
Finance 8.66 %
Consumer Non Durables 8.38 %
Software 8.32 %
Banks 7.96 %
Pharmaceuticals 3.76 %
Petroleum Products 3.73 %
Cement 3.15 %
REST 17.78 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Hedged
Reliance Industries Ltd. Petroleum Products 3 %
Infosys Ltd. Software 2.65 %
Tata Consultancy Services Ltd. Software 2.44 %
Yes Bank Ltd Banks 2.19 %
Indiabulls Housing Finance Ltd. Finance 1.65 %
State Bank Of India Banks 1.65 %
HDFC Ltd. Finance 1.54 %
Bajaj Finance Limited Finance 1.43 %
Grasim Industries Ltd. Cement 1.43 %
United Spirits Ltd. Consumer Non Durables 1.41 %
Britannia Industries Ltd. Consumer Non Durables 1.27 %
UPL Ltd Pesticides 1.25 %
ITC Ltd. Consumer Non Durables 1.23 %
Adani Port and Special Economic Zone Limited Transportation 1.13 %
Bharat Forge Ltd. Industrial Products 0.96 %
Axis Bank Ltd Banks 0.85 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.84 %
HCL Technologies Ltd. Software 0.83 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.8 %
Mahindra & Mahindra Financial Services Ltd. Finance 0.75 %
United Breweries Ltd. Consumer Non Durables 0.75 %
Tata Steel Limited. Ferrous Metals 0.74 %
Cipla Ltd. Pharmaceuticals 0.74 %
Asian Paints Ltd. Consumer Non Durables 0.72 %
GAIL (India) Ltd. Gas 0.67 %
Tata Power Co. Ltd. Power 0.66 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.66 %
JSW Steel Ltd. Ferrous Metals 0.63 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.62 %
Bank Of Baroda Banks 0.6 %
MindTree Ltd. Software 0.58 %
Piramal Enterprises Limited Pharmaceuticals 0.58 %
Hindustan Unilever Ltd. Consumer Non Durables 0.56 %
Marico Ltd. Consumer Non Durables 0.54 %
Punjab National Bank Banks 0.53 %
Shree Cement Ltd. Cement 0.53 %
ACC Ltd. Cement 0.52 %
Titan Company Ltd. Consumer Durables 0.52 %
Bharat Financial Inclusion Limited Finance 0.51 %
Bharti Airtel Ltd. Telecom - Services 0.51 %
Wipro Ltd. Software 0.49 %
Balkrishna Industries Ltd Auto Ancillaries 0.44 %
Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.44 %
Cadila Healthcare Ltd. Pharmaceuticals 0.43 %
Federal Bank Ltd. Banks 0.43 %
Hindalco Industries Ltd Non - Ferrous Metals 0.43 %
Nestle India Ltd. Consumer Non Durables 0.43 %
Shriram Transport Finance Co Ltd. Finance 0.43 %
Ambuja Cements Ltd Cement 0.42 %
Apollo Hospitals Enterprises Ltd. Healthcare Services 0.42 %
ICICI Bank Ltd. Banks 0.38 %
Adani Power Ltd Power 0.37 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.37 %
Escorts Ltd. Auto 0.37 %
Tech Mahindra Ltd. Software 0.37 %
Bajaj Finserv Ltd. Finance 0.36 %
IDFC Limited Finance 0.36 %
Exide Industries Ltd Auto Ancillaries 0.35 %
Vodafone Idea Ltd Telecom - Services 0.35 %
Canara Bank Banks 0.34 %
Tata Motors Ltd. Auto 0.34 %
Bajaj Auto Ltd. Auto 0.33 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.31 %
Mahindra & Mahindra Ltd. Auto 0.31 %
NCC Limited Construction Project 0.3 %
NIIT Technologies Ltd Software 0.29 %
Steel Authority of India Ltd. Ferrous Metals 0.29 %
CESC Ltd. Power 0.28 %
Container Corporation of India Ltd. Transportation 0.28 %
Adani Enterprises Ltd Trading 0.27 %
Eicher Motors Ltd Auto 0.26 %
DLF Limited Construction 0.25 %
GMR Infrastructure Ltd. Construction Project 0.25 %
Tata Elxsi Ltd. Software 0.25 %
Tata Global Beverages Limited Consumer Non Durables 0.25 %
Ashok Leyland Ltd. Auto 0.24 %
Capital First Ltd Finance 0.24 %
Petronet LNG Ltd. Gas 0.24 %
Sun TV Network Ltd. Media and Entertainment 0.24 %
Century Textiles & Industries Ltd. Textile 0.23 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.23 %
ICICI Prudential Life Insurance Company Ltd Finance 0.23 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.23 %
Biocon Ltd. Pharmaceuticals 0.22 %
Union Bank Of India Banks 0.22 %
Apollo Tyres Ltd. Auto Ancillaries 0.21 %
Godrej Industries Ltd Consumer Non Durables 0.19 %
Reliance Capital Ltd. Finance 0.19 %
Manappuram Finance Ltd Finance 0.18 %
Reliance Infrastructure Ltd Power 0.18 %
Bank of India Banks 0.17 %
MRF Limited Auto Ancillaries 0.17 %
Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.16 %
Havells India Ltd. Consumer Durables 0.16 %
Hexaware Technologies Ltd. Software 0.16 %
Larsen And Toubro Ltd. Construction Project 0.16 %
Strides Pharma Science Ltd Pharmaceuticals 0.16 %
Tata Chemicals Ltd. Chemicals 0.16 %
Vedanta Ltd. Non - Ferrous Metals 0.16 %
Can Fin Homes Ltd. Finance 0.15 %
Maruti Suzuki India Limited Auto 0.15 %
NMDC Ltd. Minerals/Mining 0.15 %
Equitas Holdings Ltd Finance 0.14 %
Kajaria Ceramics Ltd. Construction 0.14 %
Suzlon Energy Ltd. Industrial Capital Goods 0.14 %
Jain Irrigation Systems Ltd. Industrial Products 0.13 %
Oracle Financial Services Software Ltd Software 0.13 %
PVR Ltd Media and Entertainment 0.13 %
Indian Bank Banks 0.12 %
Kotak Mahindra Bank Ltd. Banks 0.12 %
Max Financial Services Ltd. Finance 0.12 %
Power Grid Corporation Of India Ltd Power 0.12 %
Ajanta Pharma Ltd. Pharmaceuticals 0.11 %
CG Power and Industrial Solutions Limited Industrial Capital Goods 0.11 %
Engineers India Ltd. Construction Project 0.11 %
KPIT Technologies LImited Software 0.11 %
Tata Motors Ltd - DVR Auto 0.11 %
Bosch Limited Auto Ancillaries 0.1 %
Dabur India Ltd Consumer Non Durables 0.1 %
Indraprastha Gas Ltd. Gas 0.1 %
Wockhardt Ltd. Pharmaceuticals 0.1 %
India Cements Ltd. Cement 0.09 %
Karnataka Bank Ltd Banks 0.09 %
LIC Housing Finance Ltd. Finance 0.09 %
The Ramco Cements Ltd Cement 0.09 %
Page Industries Ltd Textile Products 0.08 %
Raymond Limited Textile Products 0.08 %
SRF Ltd. Textile Products 0.08 %
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.08 %
TV18 Broadcast Ltd Media and Entertainment 0.08 %
Cummins India Ltd. Industrial Products 0.07 %
IFCI Ltd. Finance 0.07 %
Jindal Steel & Power Ltd. Ferrous Metals 0.07 %
Chennai Petroleum Corporation Ltd Petroleum Products 0.06 %
Development Credit Bank Ltd. Banks 0.06 %
Godfrey Phillips India Ltd. Consumer Non Durables 0.06 %
Jaiprakash Associates Ltd Cement 0.06 %
L&T Finance Holdings Ltd Finance 0.06 %
Reliance Communications Ltd. Telecom - Services 0.06 %
Syndicate Bank Banks 0.06 %
Ujjivan Financial Services Ltd Finance 0.06 %
Amara Raja Batteries Ltd. Auto Ancillaries 0.05 %
CEAT Ltd. Auto Ancillaries 0.05 %
Inter Globe Aviation Ltd Transportation 0.05 %
Mahanagar Gas Ltd Gas 0.05 %
Reliance Power Ltd Power 0.05 %
Siemens Ltd. Industrial Capital Goods 0.05 %
Tata Communications Ltd Telecom - Services 0.05 %
The South Indian Bank Ltd. Banks 0.05 %
IDFC Bank Limited Banks 0.04 %
National Aluminium Company Ltd Non - Ferrous Metals 0.04 %
Oriental Bank of Commerce Banks 0.04 %
Rural Electrification Corporation Ltd Finance 0.04 %
Bata India Ltd. Consumer Durables 0.03 %
BEML Ltd Industrial Capital Goods 0.03 %
Bharat Petroleum Corporation Ltd. Petroleum Products 0.03 %
Cholamandalam Investment and Finance Company Ltd Finance 0.03 %
Dish TV India Ltd. Media and Entertainment 0.03 %
Divi s Laboratories Limited Pharmaceuticals 0.03 %
NBCC (India) Ltd Construction 0.03 %
PTC India Ltd. Power 0.03 %
Repco Home Finance Limited. Finance 0.03 %
Torrent Power Ltd Power 0.03 %
Hero MotoCorp Ltd. Auto 0.02 %
IDBI Bank Ltd. Banks 0.02 %
IRB Infrastructure Developers Ltd Construction 0.02 %
Jubilant Foodworks Limited Consumer Non Durables 0.02 %
Just Dial Limited Software 0.02 %
Lupin Ltd. Pharmaceuticals 0.02 %
Arvind Ltd Textile Products 0.01 %
Berger Paints (I) Ltd. Consumer Non Durables 0.01 %
Castrol (India ) Ltd. Petroleum Products 0.01 %
Mangalore Refinery And Petrochemicals Ltd. Petroleum Products 0.01 %
Ultratech Cement Ltd. Cement 0.01 %
Listed/Awaiting Listing on Stock Exchange - Total 63.61 %
Mutual Fund Units
Kotak Mahindra Liquid Scheme Direct Plan Growth 1.09 %
Kotak Corporate Bond Fund Direct Growth 0.41 %
Mutual Fund Units - Total 1.5 %
Detail holdings

Market Capitalisation

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Fund Vs Benchmark Returns

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Trailing Returns Since
Inception

Scheme Inception date is 29/09/2005. Mr. Deepak Gupta has been managing the fund since 01/09/2008. Different plans have different expense structure. Past performance may or may not be sustained in future. 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 investment made at inception. Source: ICRA MFI Explorer. 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).

As on -

See all funds managed by Mr. Deepak Gupta

Click here to know the return of Lumpsum investment made since inception

If you had invested ` as on would have grown to `- as of i.e. -

Kotak Equity ArbitrageVS

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Gold prices are available post 1st April, 2006 & are based on daily closing values on MCX. PPF interest rate is taken from (http://www.publicprovidentfund.com/) The Fixed deposit interest rate is based on RBI rate (https://rbi.org.in/) Scheme Return calculated on the basis of scheme NAV; Returns for PPF, FD, Gold are based on publicly available information. Source: AMFI website, PPF, RBI and MCX The above simulation is for illustration purpose only. While amount invested in traditional investment avenue has the highest safety for Principal invested, there is no assurance or guarantee of future performance of the scheme. Year-end balance has been arrived at by adding interest at the rates notified by the competent authorities from time to time. The comparison of Scheme Return vs PPF/FD/Gold has been given for the purpose of the general information only. Unlike other investment avenue referred above, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly comparable. Kotak Mahindra Asset Management Company Limited will not accept any liability/ responsibility/loss incurred on any investment decision taken on the basis of this information. Past performance may or may not be sustained in the future. Graph showing the number of times investment has increased/decreased in each asset class over the period. It should no way be construed as a recommendation or future outlook on the above mentioned stocks. Past performance of the scheme does not indicate the future performance of the schemes.

The above graph shows the movement of a specified amount vis-à-vis benchmark and additional benchmark in the specified time period (last business day of the selected month) chosen by the investor.

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In SEBI Format

CAGR since Inception 1 Year 3 Years 5 Years Current Value of `10,000
invested at inception

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days. Returns for investments in dividend plans of schemes are calculated after assuming that the net dividend payouts post statutory taxes & levies, are re-invested back in the scheme. Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme's benchmark, if any. Past performance of the scheme does not indicate the future performance of the schemes. As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on various factors and forces affecting capital markets. The data of the last working day has been considered for the calculation of performance. Scheme Inception date is 29/09/2005. Mr. Deepak Gupta has been managing the fund since 01/09/2008. Different plans have different expense structure. Past performance may or may not be sustained in future. 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 investment made at inception. Source: ICRA MFI Explorer. 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).

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Let’s calculate your Dividend

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If you would have invested `

since inception, you would have earned` -as Dividend

and your current value of investment` -

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Dividend History

SUBMIT
Download Excel
Record date Cumulative
dividend
nav
(`/ unit )

Dividends declared from benchmark's constituents isn't taken into account when comparing with investment in scheme's dividend plans.

Investment Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized.

Benchmark : Nifty 50 Arbitrage

Allotment date : September 29, 2005

  • AUM : `13738.97 Cr

  • AAUM : `13438.17 Cr

Key ratiosas on 30 Nov, 2018

Portfolio turnover ratio 370%
$Standard Deviation 0.4%
$Beta 0.39
$Sharpe Ratio ## -0.88%
Modified duration 0.15 yrs
Average maturity 0.16
Yield to maturity 7.91
Tracking Error NA
Expense Ratio (Direct) ** 0.44%
Expense Ratio (Regular) ** 0.94%
Source: $ICRA MFI Explorer## Risk rate assumed to be 6.55% (FBIL Overnight MIBOR rate as on 30 November 2018)**Total Expense Ratio includes applicable B30 fee and GST.
Source: $ICRA MFI Explorer Standard Deviation is calculated on Annualised basis using 3 years history of the monthly returns.

This open ended fund Scheme is suitable for investors seeking

  1. Income from arbitrage opportunities in the equity market
  2. Investment in arbitrage opportunities in the cash & derivatives segment of the equity market

    *Investors should consult their financial advisors if in doubt about whether the product is suitable for them

    Investment Style:

    investmentStyle maturityStyle

    Available Plans/Options

    A) Regular Plan B) Direct Plan

    Options: Dividend Payout, DividendReinvestment & Growth (applicable for allplans)

    Minimum Investment Amount

    Initial Investment:Rs.5000 and in multiple of Rs.1 for purchase and for 0.01 for switches

    Additional Investment:Rs.1000 & in multiples of Rs.1

    Ideal Investments Horizon:3 Months and above

    Load Structure

    Entry Load:NIL

    Exit Load:

    • I) For redemptions/switch outs (including SIP/STP) within 30 days from the date of allotment of units: 0.25%

    • II) For redemptions/switch outs (including SIP/STP) after 30 days from the date of allotment of units: Nil

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