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Kotak

Equity Arbitrage Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 16361.81 Cr.
Risk
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
Unrated 23.5 %
Finance 8.39 %
Banks 6.83 %
Consumer Non Durables 5.67 %
Auto 5.19 %
Pharmaceuticals 4.29 %
Telecom - Services 3.87 %
Ferrous Metals 3.86 %
Transportation 3.34 %
REST 26.82 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Hedged
Bharti Airtel Ltd Telecom - Services 3.32 %
ICICI Bank Ltd. Banks 3 %
Adani Port and Special Economic Zone Ltd. Transportation 2.99 %
HDFC Ltd. Finance 2.17 %
Vedanta Ltd. Non - Ferrous Metals 1.98 %
Grasim Industries Ltd. Cement 1.93 %
Tata Consultancy Services Ltd. Software 1.71 %
Tata Motors Ltd. Auto 1.67 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.59 %
Tata Steel Ltd. Ferrous Metals 1.53 %
ITC Ltd. Consumer Non Durables 1.48 %
Maruti Suzuki India Limited Auto 1.33 %
Larsen And Toubro Ltd. Construction Project 1.2 %
State Bank Of India Banks 1.2 %
JSW Steel Ltd. Ferrous Metals 1.13 %
IndusInd Bank Ltd. Banks 1.07 %
Tata Power Co. Ltd. Power 0.98 %
DLF Ltd. Construction 0.97 %
Adani Enterprises Ltd. Trading 0.93 %
Piramal Enterprises Limited Finance 0.91 %
UPL Ltd Pesticides 0.89 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.83 %
Hindustan Unilever Ltd. Consumer Non Durables 0.77 %
United Spirits Ltd. Consumer Non Durables 0.74 %
Shriram Transport Finance Co Ltd. Finance 0.73 %
Jindal Steel & Power Ltd. Ferrous Metals 0.72 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.71 %
Petronet LNG Ltd. Gas 0.7 %
Federal Bank Ltd. Banks 0.67 %
Max Financial Services Ltd. Finance 0.66 %
LIC Housing Finance Ltd. Finance 0.65 %
Power Finance Corporation Ltd. Finance 0.64 %
Reliance Industries Ltd. Petroleum Products 0.63 %
Asian Paints Ltd. Consumer Non Durables 0.6 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.57 %
Indraprastha Gas Ltd. Gas 0.55 %
Manappuram Finance Ltd Finance 0.55 %
Vodafone Idea Ltd Telecom - Services 0.55 %
Indian Oil Corporation Ltd Petroleum Products 0.54 %
Divi s Laboratories Ltd. Pharmaceuticals 0.53 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.52 %
Bharat Petroleum Corporation Ltd. Petroleum Products 0.5 %
NMDC Ltd. Minerals/Mining 0.5 %
Axis Bank Ltd. Banks 0.48 %
Steel Authority of India Ltd. Ferrous Metals 0.48 %
Eicher Motors Ltd. Auto 0.47 %
Info Edge (India) Ltd. Software 0.45 %
Titan Company Ltd. Consumer Durables 0.45 %
Indiabulls Housing Finance Ltd. Finance 0.44 %
Mahindra & Mahindra Ltd. Auto 0.43 %
National Thermal Power Corporation Limited Power 0.43 %
ACC Ltd. Cement 0.42 %
Bharat Electronics Ltd. Industrial Capital Goods 0.42 %
Bajaj Auto Ltd. Auto 0.41 %
Canara Bank Banks 0.41 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.41 %
Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.39 %
Escorts Ltd. Auto 0.38 %
Ultratech Cement Ltd. Cement 0.38 %
Ashok Leyland Ltd. Auto 0.37 %
Bajaj Finance Ltd. Finance 0.37 %
Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.34 %
Balkrishna Industries Ltd. Auto Ancillaries 0.33 %
Bata India Ltd. Consumer Durables 0.32 %
Cadila Healthcare Ltd Pharmaceuticals 0.32 %
National Aluminium Company Ltd Non - Ferrous Metals 0.32 %
Tata Chemicals Ltd Chemicals 0.32 %
Tech Mahindra Ltd. Software 0.32 %
Dr Reddys Laboratories Ltd. Pharmaceuticals 0.31 %
HCL Technologies Ltd. Software 0.31 %
Container Corporation of India Ltd. Transportation 0.3 %
Britannia Industries Ltd. Consumer Non Durables 0.29 %
Dabur India Ltd. Consumer Non Durables 0.29 %
HDFC Life Insurance Company Ltd. Finance 0.29 %
Infosys Ltd. Software 0.29 %
Bajaj Finserv Ltd. Finance 0.28 %
Mahanagar Gas Ltd Gas 0.28 %
Page Industries Ltd Textile Products 0.28 %
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.28 %
Havells India Ltd. Consumer Durables 0.27 %
Apollo Tyres Ltd. Auto Ancillaries 0.26 %
Bharat Forge Ltd. Industrial Products 0.26 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.26 %
ICICI Prudential Life Insurance Company Ltd Finance 0.25 %
Power Grid Corporation Of India Ltd. Power 0.25 %
GMR Infrastructure Ltd. Construction Project 0.24 %
MRF Limited Auto Ancillaries 0.23 %
Nestle India Ltd. Consumer Non Durables 0.23 %
Sun TV Network Ltd. Media and Entertainment 0.23 %
Tata Consumer Products Ltd Consumer Non Durables 0.22 %
Bosch Ltd. Auto Ancillaries 0.2 %
Lupin Ltd. Pharmaceuticals 0.2 %
Ambuja Cements Ltd. Cement 0.18 %
MindTree Ltd. Software 0.18 %
PVR Ltd Media and Entertainment 0.18 %
Exide Industries Ltd Auto Ancillaries 0.17 %
ICICI Lombard General Insurance Company Ltd Finance 0.17 %
Apollo Hospitals Enterprises Ltd. Healthcare Services 0.16 %
SBI Life Insurance Company Ltd Finance 0.16 %
Voltas Ltd. Consumer Durables 0.14 %
TVS Motors Company Ltd Auto 0.13 %
Oil & Natural Gas Corporation Ltd. Oil 0.12 %
GAIL (India) Ltd. Gas 0.11 %
Siemens Ltd. Industrial Capital Goods 0.1 %
Torrent Power Ltd Power 0.1 %
Indian Railway Catering And Tourism Corporation Ltd. Services 0.08 %
Marico Ltd. Consumer Non Durables 0.08 %
Aarti Industries Ltd. Chemicals 0.06 %
Granules India Ltd. Pharmaceuticals 0.06 %
HDFC Asset Management Company Ltd. Finance 0.05 %
Inter Globe Aviation Ltd Transportation 0.05 %
Berger Paints (I) Ltd. Consumer Non Durables 0.04 %
Deepak Nitrite Ltd. Chemicals 0.04 %
Muthoot Finance Ltd Finance 0.03 %
Pidilite Industries Ltd. Chemicals 0.03 %
Rural Electrification Corporation Ltd Finance 0.03 %
Jubilant Foodworks Limited Consumer Non Durables 0.02 %
Wipro Ltd. Software 0.02 %
Alkem Laboratories Ltd. Pharmaceuticals 0.01 %
Biocon Ltd. Pharmaceuticals 0.01 %
Gujarat Gas Ltd. Gas 0.01 %
Larsen & Toubro Infotech Ltd Software 0.01 %
Nippon Life India Asset Management Ltd. Finance 0.01 %
Pfizer Ltd. Pharmaceuticals 0.01 %
Shree Cement Ltd. Cement 0.01 %
Listed/Awaiting Listing on Stock Exchange - Total 66.56 %
Liquid Scheme Direct Plan Growth Mutual Fund Units 17.96 %
Kotak Money Market Fund Direct Growth Mutual Fund Units 5.54 %
HDFC Bank Ltd. TERM DEPOSITS 0.36 %
Triparty Repo 7.88 %
Net Current Assets/(Liabilities) 1.7 %
Detail holdings

Market Capitalisation

Asset Allocation

( as on date : 12/4/2021)

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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 : `16361.81 Cr

  • AAUM : `15930.06 Cr

Key ratiosas on 28 Feb, 2021

Portfolio turnover ratio 457.78%
$Standard Deviation 0.81%
$Beta 0.65
$Sharpe Ratio ## 2.21%
Modified duration 0 yrs
Average maturity 0
Yield to maturity 3.27
Tracking Error NA
Expense Ratio (Direct) ** 0.41%
Expense Ratio (Regular) ** 1%
Source: $ICRA MFI Explorer## Risk rate assumed to be 3.47% (FBIL Overnight MIBOR rate as on 28 February 2021)**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