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Kotak

Equity Arbitrage Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 15110.7 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
Unrated 16.3 %
Finance 9.26 %
Banks 7.96 %
Petroleum Products 7.27 %
Pharmaceuticals 6.85 %
Auto 5.84 %
Software 3.89 %
Telecom - Services 3.23 %
REST 15.71 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Non-Hedged
Axis Bank Ltd Banks 0 %
Hedged
Reliance Industries Ltd. Petroleum Products 5.78 %
HDFC Ltd. Finance 4.19 %
ICICI Bank Ltd. Banks 3.92 %
Bharti Airtel Ltd. Telecom - Services 3.23 %
Maruti Suzuki India Limited Auto 2.53 %
State Bank Of India Banks 1.51 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.48 %
ITC Ltd. Consumer Non Durables 1.36 %
Hindustan Unilever Ltd. Consumer Non Durables 1.31 %
JSW Steel Ltd. Ferrous Metals 1.23 %
Cipla Ltd. Pharmaceuticals 1.19 %
Divi s Laboratories Limited Pharmaceuticals 1.12 %
Axis Bank Ltd Banks 0.98 %
Tata Consumer Products Ltd Consumer Non Durables 0.98 %
HCL Technologies Ltd. Software 0.96 %
Bajaj Auto Ltd. Auto 0.93 %
Tech Mahindra Ltd. Software 0.89 %
Wipro Ltd. Software 0.88 %
HDFC Standard Life Insurance Company Ltd. Finance 0.85 %
Tata Steel Limited. Ferrous Metals 0.79 %
Adani Port and Special Economic Zone Limited Transportation 0.78 %
Vedanta Ltd. Non - Ferrous Metals 0.77 %
IndusInd Bank Ltd. Banks 0.76 %
Tata Motors Ltd. Auto 0.76 %
Hindalco Industries Ltd Non - Ferrous Metals 0.75 %
Mahindra & Mahindra Ltd. Auto 0.74 %
Larsen And Toubro Ltd. Construction Project 0.73 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.72 %
SBI Life Insurance Company Ltd Finance 0.71 %
Bajaj Finserv Ltd. Finance 0.7 %
Dabur India Ltd Consumer Non Durables 0.66 %
Shree Cement Ltd. Cement 0.66 %
Grasim Industries Ltd. Cement 0.65 %
Indian Oil Corporation Ltd Petroleum Products 0.64 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.63 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.63 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.6 %
Tata Consultancy Services Ltd. Software 0.6 %
Nestle India Ltd. Consumer Non Durables 0.58 %
Lupin Ltd. Pharmaceuticals 0.55 %
Bandhan Bank Limited. Banks 0.52 %
Asian Paints Ltd. Consumer Non Durables 0.51 %
UPL Ltd Pesticides 0.51 %
United Spirits Ltd. Consumer Non Durables 0.49 %
Bharat Petroleum Corporation Ltd. Petroleum Products 0.48 %
Marico Ltd. Consumer Non Durables 0.48 %
Ambuja Cements Ltd Cement 0.45 %
Biocon Ltd. Pharmaceuticals 0.45 %
Piramal Enterprises Limited Finance 0.45 %
Pidilite Industries Ltd. Chemicals 0.44 %
Info Edge (India) Ltd. Software 0.43 %
Hero MotoCorp Ltd. Auto 0.41 %
Petronet LNG Ltd. Gas 0.41 %
Ultratech Cement Ltd. Cement 0.4 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.39 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.37 %
ACC Ltd. Cement 0.36 %
Bharat Electronics Ltd Industrial Capital Goods 0.36 %
MRF Limited Auto Ancillaries 0.36 %
Muthoot Finance Ltd Finance 0.36 %
Bharat Forge Ltd. Industrial Products 0.35 %
Bajaj Finance Limited Finance 0.34 %
Power Finance Corporation Ltd. Finance 0.31 %
DLF Limited Construction 0.3 %
Shriram Transport Finance Co Ltd. Finance 0.29 %
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.29 %
Container Corporation of India Ltd. Transportation 0.28 %
Tata Power Co. Ltd. Power 0.28 %
Indraprastha Gas Ltd. Gas 0.27 %
Britannia Industries Ltd. Consumer Non Durables 0.26 %
Adani Enterprises Ltd Trading 0.25 %
Bata India Ltd. Consumer Durables 0.24 %
Bosch Limited Auto Ancillaries 0.24 %
Jindal Steel & Power Ltd. Ferrous Metals 0.24 %
Manappuram Finance Ltd Finance 0.24 %
National Thermal Power Corporation Limited Power 0.24 %
NMDC Ltd. Minerals/Mining 0.24 %
Berger Paints (I) Ltd. Consumer Non Durables 0.23 %
Cadila Healthcare Ltd. Pharmaceuticals 0.23 %
Escorts Ltd. Auto 0.23 %
Power Grid Corporation Of India Ltd Power 0.23 %
Federal Bank Ltd. Banks 0.22 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.22 %
Coal India Ltd. Minerals/Mining 0.2 %
GAIL (India) Ltd. Gas 0.2 %
Rural Electrification Corporation Ltd Finance 0.19 %
Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.18 %
Mahindra & Mahindra Financial Services Ltd. Finance 0.18 %
LIC Housing Finance Ltd. Finance 0.16 %
Mahanagar Gas Ltd Gas 0.16 %
Ashok Leyland Ltd. Auto 0.15 %
GMR Infrastructure Ltd. Construction Project 0.15 %
Godrej Properties Limited Construction 0.15 %
Sun TV Network Ltd. Media and Entertainment 0.15 %
Tata Chemicals Ltd. Chemicals 0.15 %
Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.14 %
Coforge Limited Software 0.11 %
Page Industries Ltd Textile Products 0.11 %
Steel Authority of India Ltd. Ferrous Metals 0.11 %
ICICI Prudential Life Insurance Company Ltd Finance 0.1 %
United Breweries Ltd. Consumer Non Durables 0.1 %
Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.09 %
Eicher Motors Ltd Auto 0.09 %
Exide Industries Ltd Auto Ancillaries 0.09 %
Max Financial Services Ltd. Finance 0.08 %
National Aluminium Company Ltd Non - Ferrous Metals 0.08 %
Apollo Tyres Ltd. Auto Ancillaries 0.06 %
Indiabulls Housing Finance Ltd. Finance 0.06 %
Bank Of Baroda Banks 0.05 %
Jubilant Foodworks Limited Consumer Non Durables 0.05 %
L&T Finance Holdings Ltd Finance 0.05 %
Oil & Natural Gas Corporation Ltd. Oil 0.05 %
MindTree Ltd. Software 0.02 %
Voltas Ltd. Consumer Durables 0.02 %
Listed/Awaiting Listing on Stock Exchange - Total 67.86 %
Mutual Fund Units
Kotak Mahindra Liquid Fund Direct Plan Growth 16.3 %
Mutual Fund Units - Total 16.3 %
TERM DEPOSITS
HDFC Bank Ltd. 6.89 %
AXIS Bank Ltd. 4.44 %
Federal Bank Ltd. 0.77 %
Term Deposits - Total 12.1 %
Triparty Repo 3.81 %
Net Current Assets/(Liabilities) -0.07 %
Detail holdings

Market Capitalisation

Asset Allocation

( as on date : 28/10/2020)

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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 : `15110.7 Cr

  • AAUM : `15015.83 Cr

Key ratiosas on 30 Sep, 2020

Portfolio turnover ratio 392.15%
$Standard Deviation 0.76%
$Beta 0.61
$Sharpe Ratio ## 2.35%
Modified duration 0.01 yrs
Average maturity 0.01
Yield to maturity 5.03
Tracking Error NA
Expense Ratio (Direct) ** 0.45%
Expense Ratio (Regular) ** 1.01%
Source: $ICRA MFI Explorer## Risk rate assumed to be 3.79% (FBIL Overnight MIBOR rate as on 30 September 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

    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