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Kotak

Equity Arbitrage

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 13359.98 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. Rukun Tarachandani
Rukun is responsible for equity research, new idea generation and tracking the performance of existing holdings. He has an experience of 6 years in Capital Markets. Prior to Kotak, he was with Goldman Sachs as an equity research analyst. He has an MBA in Finance from Management Development Institute, Gurgaon and an Engineering Degree (Information Technology) from Nirma University. He has also cleared all the three levels of CFA examination. He is an avid reader of books on Behavioural finance, Psychology and Value Investing.

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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
5 Year
Last
3 Years
Last
1 Years

For performance in SEBI format please refer performance section.

Scheme Inception date is 29/09/2005. Mr. Rukun Tarachandani has been managing the fund since 09/05/2019. 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 11.87 %
Banks 10.14 %
Consumer Non Durables 7.82 %
Unrated 7.42 %
Petroleum Products 7.28 %
Software 5.49 %
Pharmaceuticals 4.52 %
Construction Project 2.63 %
REST 20.77 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Non-Hedged
CNX NIFTY-JUN2019 0 %
IndusInd Bank Ltd. Banks 0 %
Reliance Industries Ltd. Petroleum Products 2.5 %
HDFC Bank Ltd. Banks 2.31 %
Bajaj Finance Limited Finance 1.92 %
Tata Consultancy Services Ltd. Software 1.85 %
Bharat Financial Inclusion Limited Finance 1.72 %
Hindustan Unilever Ltd. Consumer Non Durables 1.54 %
Infosys Ltd. Software 1.45 %
HDFC Ltd. Finance 1.42 %
ICICI Bank Ltd. Banks 1.22 %
Titan Company Ltd. Consumer Durables 1.15 %
Kotak Mahindra Bank Ltd. Banks 1.04 %
State Bank Of India Banks 0.98 %
Maruti Suzuki India Limited Auto 0.8 %
Axis Bank Ltd Banks 0.78 %
Tech Mahindra Ltd. Software 0.78 %
Asian Paints Ltd. Consumer Non Durables 0.71 %
Mahindra & Mahindra Ltd. Auto 0.7 %
Bharti Airtel Ltd. Telecom - Services 0.62 %
Larsen And Toubro Ltd. Construction Project 0.61 %
Tata Steel Limited. Ferrous Metals 0.59 %
ACC Ltd. Cement 0.52 %
ITC Ltd. Consumer Non Durables 0.49 %
Reliance Mutual Fund CPSE ETF Mutual Fund 0.45 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.41 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.38 %
GAIL (India) Ltd. Gas 0.35 %
Indraprastha Gas Ltd. Gas 0.35 %
Varun Beverages Ltd Consumer Non Durables 0.35 %
Biocon Ltd. Pharmaceuticals 0.33 %
Jindal Steel & Power Ltd. Ferrous Metals 0.33 %
Petronet LNG Ltd. Gas 0.32 %
Edelweiss Financial Services Ltd Finance 0.31 %
Ircon International Ltd Construction Project 0.28 %
NMDC Ltd. Minerals/Mining 0.28 %
JSW Steel Ltd. Ferrous Metals 0.27 %
Voltas Ltd. Consumer Durables 0.27 %
Jubilant Foodworks Limited Consumer Non Durables 0.26 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.26 %
Wipro Ltd. Software 0.24 %
Britannia Industries Ltd. Consumer Non Durables 0.2 %
Solara Active Pharma Sciences Ltd. Pharmaceuticals 0.19 %
Chennai Super Kings Cricket Ltd. Media and Entertainment 0.18 %
Bajaj Finserv Ltd. Finance 0.16 %
The Ramco Cements Ltd Cement 0.16 %
Godfrey Phillips India Ltd. Consumer Non Durables 0.14 %
Eris Lifesciences Ltd Pharmaceuticals 0.12 %
Laurus Labs Ltd Pharmaceuticals 0.12 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.12 %
AU Small Finance Bank Ltd. Banks 0.1 %
Lupin Ltd. Pharmaceuticals 0.1 %
Prataap Snacks Ltd Consumer Non Durables 0.08 %
BEML Ltd Industrial Capital Goods 0.06 %
Piramal Enterprises Limited Pharmaceuticals 0 %
Hedged
Reliance Industries Ltd. Petroleum Products 4.54 %
HDFC Ltd. Finance 2.96 %
Piramal Enterprises Limited Pharmaceuticals 1.59 %
Punjab National Bank Banks 1.49 %
Bajaj Finance Limited Finance 1.29 %
GMR Infrastructure Ltd. Construction Project 1.28 %
Adani Enterprises Ltd Trading 1.17 %
ITC Ltd. Consumer Non Durables 1.1 %
Adani Power Ltd Power 1.03 %
Indiabulls Housing Finance Ltd. Finance 0.77 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.69 %
HDFC Bank Ltd. Banks 0.66 %
Hindustan Unilever Ltd. Consumer Non Durables 0.66 %
Tata Elxsi Ltd. Software 0.59 %
Raymond Limited Textile Products 0.54 %
Ultratech Cement Ltd. Cement 0.49 %
Karnataka Bank Ltd Banks 0.43 %
Nestle India Ltd. Consumer Non Durables 0.41 %
Marico Ltd. Consumer Non Durables 0.37 %
NCC Limited Construction Project 0.36 %
Wockhardt Ltd. Pharmaceuticals 0.35 %
Shree Cement Ltd. Cement 0.32 %
Tata Chemicals Ltd. Chemicals 0.32 %
Can Fin Homes Ltd. Finance 0.31 %
Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.31 %
Shriram Transport Finance Co Ltd. Finance 0.3 %
Suzlon Energy Ltd. Industrial Capital Goods 0.27 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.27 %
Biocon Ltd. Pharmaceuticals 0.26 %
Escorts Ltd. Auto 0.26 %
NMDC Ltd. Minerals/Mining 0.26 %
Britannia Industries Ltd. Consumer Non Durables 0.25 %
Coal India Ltd. Minerals/Mining 0.22 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.22 %
Inter Globe Aviation Ltd Transportation 0.22 %
Tata Consultancy Services Ltd. Software 0.22 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.21 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.21 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.2 %
Muthoot Finance Ltd Finance 0.2 %
Tata Motors Ltd - DVR Auto 0.2 %
Vodafone Idea Ltd Telecom - Services 0.2 %
Cadila Healthcare Ltd. Pharmaceuticals 0.19 %
IndusInd Bank Ltd. Banks 0.18 %
Bank of India Banks 0.17 %
BEML Ltd Industrial Capital Goods 0.17 %
Oracle Financial Services Software Ltd Software 0.17 %
Steel Authority of India Ltd. Ferrous Metals 0.17 %
Tata Motors Ltd. Auto 0.17 %
TV18 Broadcast Ltd Media and Entertainment 0.17 %
Mahindra & Mahindra Financial Services Ltd. Finance 0.16 %
Tata Power Co. Ltd. Power 0.16 %
Ashok Leyland Ltd. Auto 0.15 %
Cipla Ltd. Pharmaceuticals 0.15 %
NIIT Technologies Ltd Software 0.15 %
Dabur India Ltd Consumer Non Durables 0.14 %
Indian Bank Banks 0.13 %
Reliance Power Ltd Power 0.13 %
The South Indian Bank Ltd. Banks 0.13 %
Union Bank Of India Banks 0.13 %
Bank Of Baroda Banks 0.12 %
Century Textiles & Industries Ltd. Cement 0.12 %
UPL Ltd Pesticides 0.12 %
Container Corporation of India Ltd. Transportation 0.11 %
Dish TV India Ltd. Media and Entertainment 0.1 %
JSW Steel Ltd. Ferrous Metals 0.1 %
National Thermal Power Corporation Limited Power 0.1 %
Vedanta Ltd. Non - Ferrous Metals 0.1 %
GAIL (India) Ltd. Gas 0.09 %
Sun TV Network Ltd. Media and Entertainment 0.09 %
ACC Ltd. Cement 0.08 %
Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.08 %
Jain Irrigation Systems Ltd. Industrial Products 0.08 %
NBCC (India) Ltd Construction 0.08 %
Tata Communications Ltd Telecom - Services 0.08 %
Amara Raja Batteries Ltd. Auto Ancillaries 0.07 %
Bajaj Finserv Ltd. Finance 0.07 %
State Bank Of India Banks 0.07 %
Axis Bank Ltd Banks 0.06 %
Divi s Laboratories Limited Pharmaceuticals 0.06 %
Engineers India Ltd. Construction Project 0.06 %
Max Financial Services Ltd. Finance 0.06 %
SRF Ltd. Textile Products 0.06 %
Tata Steel Limited. Ferrous Metals 0.06 %
Asian Paints Ltd. Consumer Non Durables 0.05 %
Equitas Holdings Ltd Finance 0.05 %
Grasim Industries Ltd. Cement 0.05 %
IRB Infrastructure Developers Ltd Construction 0.05 %
LIC Housing Finance Ltd. Finance 0.05 %
Lupin Ltd. Pharmaceuticals 0.05 %
Power Finance Corporation Ltd. Finance 0.05 %
Syndicate Bank Banks 0.05 %
Tata Global Beverages Limited Consumer Non Durables 0.05 %
Tech Mahindra Ltd. Software 0.05 %
Bharat Forge Ltd. Industrial Products 0.04 %
Federal Bank Ltd. Banks 0.04 %
India Cements Ltd. Cement 0.04 %
Mahindra & Mahindra Ltd. Auto 0.04 %
MRF Limited Auto Ancillaries 0.04 %
National Aluminium Company Ltd Non - Ferrous Metals 0.04 %
Oil India Limited Oil 0.04 %
Titan Company Ltd. Consumer Durables 0.04 %
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.04 %
Yes Bank Ltd Banks 0.04 %
Bharat Financial Inclusion Limited Finance 0.03 %
CG Power and Industrial Solutions Limited Industrial Capital Goods 0.03 %
Hero MotoCorp Ltd. Auto 0.03 %
Indian Oil Corporation Ltd Petroleum Products 0.03 %
L&T Finance Holdings Ltd Finance 0.03 %
Larsen And Toubro Ltd. Construction Project 0.03 %
Rural Electrification Corporation Ltd Finance 0.03 %
Exide Industries Ltd Auto Ancillaries 0.02 %
Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.02 %
Petronet LNG Ltd. Gas 0.02 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.02 %
Ambuja Cements Ltd Cement 0.01 %
Apollo Hospitals Enterprises Ltd. Healthcare Services 0.01 %
Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.01 %
Castrol (India ) Ltd. Petroleum Products 0.01 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.01 %
Godfrey Phillips India Ltd. Consumer Non Durables 0.01 %
Hindustan Zinc Ltd. Non - Ferrous Metals 0.01 %
ICICI Bank Ltd. Banks 0.01 %
Indraprastha Gas Ltd. Gas 0.01 %
United Breweries Ltd. Consumer Non Durables 0.01 %
Listed/Awaiting Listing on Stock Exchange - Total 67 %
Mutual Fund Units
Kotak Mahindra Liquid Scheme Direct Plan Growth 7.42 %
Mutual Fund Units - Total 7.42 %
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
Kotak Mahindra Prime Ltd. CRISIL AAA 4.63 %
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 2.32 %
AXIS Bank Ltd. CRISIL AA+ 2.28 %
Corporate Debt/Financial Institutions - Total 9.23 %
TERM DEPOSITS
HDFC Bank Ltd. 10.55 %
IDFC First Bank Limited 1.67 %
Term Deposits - Total 12.22 %
Triparty Repo 0.61 %
Net Current Assets/(Liabilities) 3.52 %
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. Rukun Tarachandani has been managing the fund since 09/05/2019. 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. Rukun Tarachandani

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 5 Year 3 Years 1 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 : `13359.98 Cr

  • AAUM : `13063.67 Cr

Key ratiosas on 31 May, 2019

Portfolio turnover ratio 408.96%
$Standard Deviation 0.42%
$Beta 0.41
$Sharpe Ratio ## 0.53%
Modified duration 0.07 yrs
Average maturity 0.08
Yield to maturity 7.17
Tracking Error NA
Expense Ratio (Direct) ** 0.49%
Expense Ratio (Regular) ** 0.97%
Source: $ICRA MFI Explorer## Risk rate assumed to be 6% (FBIL Overnight MIBOR rate as on 31 May 2019)**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