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Kotak

Equity Arbitrage Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 17661.9 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 Hiten Shah
Mr. Hiten Shah has been associated with the Kotak Group since September 2019. He is responsible for managing Kotak Equity Arbitrage Fund. Hiten has an overall industry experience of 11 years. Hiten’s educational background is MMS in Finance.

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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 Fund

  • 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)

Performance as 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. Hiten Shah has been managing the fund since 03/10/2019. 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
Banks 11.23 %
Finance 10.42 %
Consumer Non Durables 8.36 %
Unrated 5.74 %
Petroleum Products 4.52 %
Pharmaceuticals 3.74 %
Cement 3.33 %
REST 23.3 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Hedged
HDFC Ltd. Finance 5.76 %
Reliance Industries Ltd. Petroleum Products 4.02 %
State Bank Of India Banks 3.41 %
ICICI Bank Ltd. Banks 3.21 %
Bharti Airtel Ltd. Telecom - Services 2.5 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 2.23 %
ITC Ltd. Consumer Non Durables 2.18 %
HDFC Bank Ltd. Banks 1.59 %
Larsen And Toubro Ltd. Construction Project 1.53 %
Grasim Industries Ltd. Cement 1.51 %
Hindustan Unilever Ltd. Consumer Non Durables 1.48 %
Bajaj Finserv Ltd. Finance 1.43 %
Axis Bank Ltd Banks 1.38 %
Bajaj Finance Limited Finance 1.36 %
Asian Paints Ltd. Consumer Non Durables 0.89 %
Vedanta Ltd. Non - Ferrous Metals 0.82 %
Hindalco Industries Ltd Non - Ferrous Metals 0.77 %
UPL Ltd Pesticides 0.74 %
United Spirits Ltd. Consumer Non Durables 0.71 %
Ultratech Cement Ltd. Cement 0.69 %
DLF Limited Construction 0.67 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.67 %
Nestle India Ltd. Consumer Non Durables 0.64 %
Federal Bank Ltd. Banks 0.59 %
Titan Company Ltd. Consumer Durables 0.55 %
IndusInd Bank Ltd. Banks 0.54 %
Bata India Ltd. Consumer Durables 0.52 %
Apollo Hospitals Enterprises Ltd. Healthcare Services 0.51 %
JSW Steel Ltd. Ferrous Metals 0.49 %
Tata Consumer Products Ltd Consumer Non Durables 0.48 %
Manappuram Finance Ltd Finance 0.46 %
Eicher Motors Ltd Auto 0.45 %
Tech Mahindra Ltd. Software 0.44 %
Container Corporation of India Ltd. Transportation 0.42 %
Jubilant Foodworks Limited Consumer Non Durables 0.42 %
Bharat Petroleum Corporation Ltd. Petroleum Products 0.41 %
Infosys Ltd. Software 0.41 %
Indraprastha Gas Ltd. Gas 0.4 %
ACC Ltd. Cement 0.39 %
HCL Technologies Ltd. Software 0.39 %
Hero MotoCorp Ltd. Auto 0.39 %
Shree Cement Ltd. Cement 0.39 %
Tata Motors Ltd. Auto 0.39 %
Tata Steel Limited. Ferrous Metals 0.39 %
Dabur India Ltd Consumer Non Durables 0.36 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.36 %
Mahanagar Gas Ltd Gas 0.36 %
Ambuja Cements Ltd Cement 0.35 %
Adani Port and Special Economic Zone Limited Transportation 0.34 %
Jindal Steel & Power Ltd. Ferrous Metals 0.32 %
Marico Ltd. Consumer Non Durables 0.3 %
Power Finance Corporation Ltd. Finance 0.3 %
Muthoot Finance Ltd Finance 0.28 %
Cipla Ltd. Pharmaceuticals 0.27 %
GMR Infrastructure Ltd. Construction Project 0.25 %
Petronet LNG Ltd. Gas 0.25 %
Apollo Tyres Ltd. Auto Ancillaries 0.24 %
Maruti Suzuki India Limited Auto 0.24 %
Adani Enterprises Ltd Trading 0.22 %
Voltas Ltd. Consumer Durables 0.22 %
Tata Power Co. Ltd. Power 0.21 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.2 %
Piramal Enterprises Limited Pharmaceuticals 0.2 %
Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.19 %
Bosch Limited Auto Ancillaries 0.19 %
MRF Limited Auto Ancillaries 0.19 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.18 %
Ujjivan Financial Services Ltd Finance 0.18 %
Mahindra & Mahindra Financial Services Ltd. Finance 0.17 %
Torrent Power Ltd Power 0.17 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.17 %
Bank Of Baroda Banks 0.16 %
Pidilite Industries Ltd. Chemicals 0.16 %
Sun TV Network Ltd. Media and Entertainment 0.16 %
Balkrishna Industries Ltd Auto Ancillaries 0.15 %
GAIL (India) Ltd. Gas 0.15 %
LIC Housing Finance Ltd. Finance 0.15 %
Punjab National Bank Banks 0.15 %
Tata Chemicals Ltd. Chemicals 0.15 %
Bajaj Auto Ltd. Auto 0.14 %
United Breweries Ltd. Consumer Non Durables 0.14 %
Adani Power Ltd Power 0.13 %
Amara Raja Batteries Ltd. Auto Ancillaries 0.12 %
Canara Bank Banks 0.12 %
Escorts Ltd. Auto 0.12 %
Exide Industries Ltd Auto Ancillaries 0.12 %
Cadila Healthcare Ltd. Pharmaceuticals 0.11 %
Century Textiles & Industries Ltd. Paper 0.11 %
CESC Ltd. Power 0.11 %
National Aluminium Company Ltd Non - Ferrous Metals 0.11 %
Divi s Laboratories Limited Pharmaceuticals 0.09 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.09 %
Bandhan Bank Limited. Banks 0.08 %
ICICI Prudential Life Insurance Company Ltd Finance 0.08 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.08 %
Equitas Holdings Ltd Finance 0.07 %
Lupin Ltd. Pharmaceuticals 0.07 %
Rural Electrification Corporation Ltd Finance 0.07 %
Havells India Ltd. Consumer Durables 0.06 %
Indiabulls Housing Finance Ltd. Finance 0.06 %
Oil & Natural Gas Corporation Ltd. Oil 0.06 %
Cholamandalam Investment and Finance Company Ltd Finance 0.05 %
Just Dial Limited Software 0.05 %
Siemens Ltd. Industrial Capital Goods 0.05 %
Steel Authority of India Ltd. Ferrous Metals 0.05 %
Britannia Industries Ltd. Consumer Non Durables 0.04 %
NCC Limited Construction Project 0.04 %
NMDC Ltd. Minerals/Mining 0.04 %
Biocon Ltd. Pharmaceuticals 0.03 %
Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.03 %
Berger Paints (I) Ltd. Consumer Non Durables 0.02 %
Bharat Electronics Ltd Industrial Capital Goods 0.01 %
Cummins India Ltd. Industrial Products 0.01 %
Info Edge (India) Ltd. Software 0.01 %
Mahindra & Mahindra Ltd. Auto 0.01 %
Vodafone Idea Ltd Telecom - Services 0.01 %
Wipro Ltd. Software 0.01 %
Listed/Awaiting Listing on Stock Exchange - Total 60.16 %
Mutual Fund Units
Kotak Mahindra Liquid Fund Direct Plan Growth 5.74 %
Mutual Fund Units - Total 5.74 %
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 3.58 %
HDB Financial Services Ltd. CRISIL AAA 0.57 %
Bajaj Finance Ltd. CRISIL AAA 0.48 %
Corporate Debt/Financial Institutions - Total 4.63 %
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 0.29 %
Public Sector Undertakings - Total 0.29 %
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL A1+ 2.77 %
LIC Housing Finance Ltd. CRISIL A1+ 1.65 %
Bajaj Finance Ltd. CRISIL A1+ 1.64 %
Tata Capital Financial Services Limited CRISIL A1+ 0.84 %
IndusInd Bank Ltd. CRISIL A1+ 0.56 %
AXIS Bank Ltd. CRISIL A1+ 0.28 %
HDB Financial Services Ltd. CRISIL A1+ 0.14 %
Corporate Debt/Financial Institutions - Total 7.88 %
TERM DEPOSITS
AXIS Bank Ltd. 7.61 %
HDFC Bank Ltd. 6.4 %
Federal Bank Ltd. 0.97 %
AU Small Finance Bank Ltd. 0.28 %
IDFC First Bank Limited 0.19 %
Equitas Small Finance Bank Ltd. ( ) 0.14 %
Term Deposits - Total 15.59 %
Triparty Repo 0.97 %
Net Current Assets/(Liabilities) 4.74 %
Detail holdings

Market Capitalisation

Asset Allocation

( as on date : 26/3/2020)

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Fund Vs Benchmark Returns as on

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Trailing Returns Since
Inception

Scheme Inception date is 29/09/2005. Mr. Hiten Shah has been managing the fund since 03/10/2019. 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 Hiten Shah

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 Arbitrage FundVS

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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 : `17661.9 Cr

  • AAUM : `17818.23 Cr

Key ratiosas on 29 Feb, 2020

Portfolio turnover ratio 285.68%
$Standard Deviation 0.5%
$Beta 0.49
$Sharpe Ratio ## 1.98%
Modified duration 0.14 yrs
Average maturity 0.15
Yield to maturity 5.86
Tracking Error NA
Expense Ratio (Direct) ** 0.44%
Expense Ratio (Regular) ** 0.98%
Source: $ICRA MFI Explorer## Risk rate assumed to be 5.09% (FBIL Overnight MIBOR rate as on 29 February 2020)**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

    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