Kotak

Infrastructure & Economic Reform Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 374.11 Cr.
Risk
High

This open ended fund Scheme is suitable for investors seeking*

  1. Long term capital growth
  2. Long term capital appreciation by investing in equity and equity related instruments of companies contributing to infrastructure and economic development of India

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

Fund Manager
Mr. Harish Krishnan
Mr. Harish has a decade of experience spread over Equity Research and Fund Management. Prior to joining Kotak Mutual Fund, he was based out of Singapore and Dubai, managing Kotak''s offshore funds. Mr. Harish has also worked at Infosys Technologies Ltd in his earlier stint. He is a Bachelor of Technology (Electronics & Communications) from Government Engineering College,Trichur, a post Graduate in Management from Indian Institute of Management, Kozhikode and a Chartered Financial Analyst from the CFA Institute.

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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 Infrastructure & Economic Reform Fund

  • The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly (at least 65%) equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.
  • There is no assurance that the investment objective of the Scheme will be achieved.

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 25/02/2008. Mr. Harish Krishnan has been managing the fund since 01/02/2015. Different plans have different expense structure. The performance details provided herein are of regular plan 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. # Name of Scheme Benchmark. ## Name of Additional Benchmark. With Effect from 25th May 2018, the Benchmark is changed to India Infrastructure Index (Customised Index by IISL) 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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Sector Allocation

Sector Portfolio
weight
Benchmark
weight
Underweight/
over weight
Industrial Manufacturing 29.61 % 8.57 % 21.04 %
Energy 22.63 % 27.68 % -5.05 %
Construction 16.1 % 15.71 % 0.39 %
Cement & Cement Products 9.99 % 13.48 % -3.49 %
Services 4.1 % 6.82 % -2.72 %
Chemicals 3.75 % 0 % 3.75 %
Automobile 3.06 % 3.23 % -0.16 %
Metals 2.84 % 5.52 % -2.68 %
Telecom 2.41 % 8.22 % -5.81 %
Cash & Cash Equivalent 2.35 % 0 % 2.35 %

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Larsen And Toubro Ltd. Construction Project 5.55 %
Shree Cement Ltd. Cement 4.46 %
GAIL (India) Ltd. Gas 4.4 %
Indraprastha Gas Ltd. Gas 4.29 %
Solar Industries India Limited Chemicals 3.75 %
Schaeffler India Ltd Industrial Products 3.7 %
Ultratech Cement Ltd. Cement 3.69 %
Thermax Ltd. Industrial Capital Goods 3.61 %
SKF India Ltd Industrial Products 3.58 %
GE Power India Limited Industrial Capital Goods 3.51 %
Container Corporation of India Ltd. Transportation 3.39 %
Supreme Industries Limited Industrial Products 3.04 %
AIA Engineering Limited Industrial Products 2.98 %
Gujarat Gas Company Ltd Gas 2.72 %
Hindustan Oil Exploration Company Ltd. Oil 2.51 %
Sterlite Technologies Ltd Telecom - Equipment & Accessories 2.41 %
Cummins India Ltd. Industrial Products 2.3 %
BEML Ltd Industrial Capital Goods 2.28 %
National Thermal Power Corporation Limited Power 2.28 %
H G Infra Engineering Ltd. Construction Project 2.16 %
JMC Projects (India) Ltd Construction 2.11 %
Kirloskar Oil Engines Ltd. Industrial Products 2.06 %
Amara Raja Batteries Ltd. Auto Ancillaries 1.99 %
Reliance Industries Ltd. Petroleum Products 1.99 %
Kajaria Ceramics Ltd. Construction 1.84 %
The Ramco Cements Ltd Cement 1.83 %
Petronet LNG Ltd. Gas 1.81 %
CESC Ltd. Power 1.67 %
AU Small Finance Bank Ltd. Banks 1.63 %
APL Apollo Tubes Limited Ferrous Metals 1.46 %
WPIL Ltd Industrial Products 1.4 %
Ratnamani Metals & Tubes Ltd. Ferrous Metals 1.38 %
PNC Infratech Ltd Construction 1.29 %
Sadbhav Engineering Ltd. Construction Project 1.27 %
Odisha Cement Ltd Cement 1.21 %
Bharat Electronics Ltd Industrial Capital Goods 1.18 %
Mahindra Lifespace Developers Ltd Construction 1.09 %
Ashok Leyland Ltd. Auto 1.07 %
Kalpataru Power Transmission Ltd. Power 0.95 %
TECHNO ELECTRIC & ENGINEERING COMPANY LIMITED Construction Project 0.78 %
Inter Globe Aviation Ltd Transportation 0.71 %
RP SG Retail Ltd Power 0.19 %
RP SG Business Process Services Ltd Power 0.13 %
Listed/Awaiting Listing on Stock Exchange - Total 97.65 %
Collateral Borrowing & Lending obligation 2.65 %
Net Current Assets/(Liabilities) -0.3 %
Detail holdings

Market Capitalisation

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Fund Vs Benchmark Returns

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Trailing Returns Since
Inception

Scheme Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the fund since 01/02/2015. Different plans have different expense structure. The performance details provided herein are of regular plan 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. # Name of Scheme Benchmark. ## Name of Additional Benchmark. With Effect from 25th May 2018, the Benchmark is changed to India Infrastructure Index (Customised Index by IISL) 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. Harish Krishnan

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 Infrastructure & Economic Reform 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 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 25/02/2008. Mr. Harish Krishnan has been managing the fund since 01/02/2015. Different plans have different expense structure. The performance details provided herein are of regular plan 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. # Name of Scheme Benchmark. ## Name of Additional Benchmark. With Effect from 25th May 2018, the Benchmark is changed to India Infrastructure Index (Customised Index by IISL) 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).

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

If you had invested
` every month from to

Total Amount invested `- Value of Investment `- i.e. - CAGR

Kotak Infrastructure & Economic Reform 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. Scheme Inception : - February 25, 2008. The returns are calculated by XIRR approach assuming investment on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. Additional Benchmark 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).

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.

Systematic Investment Plan

Monthly SIP of `10000 1 year 3 years 5 years 7 years Since Inception
Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,290,000
Total Value as on Jul 31, 2018 (Rs) 101,579.64 355,688.21 718,353.43 1,247,824.43 2,338,849.7
Scheme Returns (%) - 27.14 - 0.78 7.14 11.11 10.61
India Infrastructure Index (Customised Index by IISL) (TRI) (Rs)# 102,596.81 343,103.8 608,505.07 933,186.96 1,496,344.03
India Infrastructure Index (Customised Index by IISL) (TRI) Returns (%) - 25.71 - 3.1 0.55 2.96 2.71
Nifty 50 (TRI) (Rs)^ 117,413.85 416,987.45 765,320.84 1,256,943.48 2,403,570.76
Nifty 50 (TRI) Returns (%) - 3.97 9.78 9.67 11.32 11.09

Scheme Inception : - February 25, 2008. The returns are calculated by XIRR approach assuming investment on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. Additional Benchmark 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 long-term capital appreciation from a diversified portfolio of predominantly (at least 65%) equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.However, there is no assurance that the objective of the scheme will be realized.

Benchmark : India Infrastructure Index

Allotment date : February 25, 2008

  • AUM : `374.11 Cr

  • AAUM : `368.46 Cr

Key ratiosas on 31 Oct, 2018

Portfolio turnover ratio 45.38%
$Standard Deviation 17.27%
$Beta 0.87
$Sharpe Ratio ## 0.03%
Modified duration 0 yrs
Average maturity 0
Yield to maturity 6.39
Tracking Error NA
Expense Ratio (Direct) ** 1.26%
Expense Ratio (Regular) ** 2.58%
Source: $ICRA MFI Explorer## Risk rate assumed to be 6.6% (FBIL Overnight MIBOR rate as on 28 September 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. Long term capital growth
  2. Long term capital appreciation by investing in equity and equity related instruments of companies contributing to infrastructure and economic development of India

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

    Investment Style:

    investmentStyle

    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 Years and above

    Load Structure

    Entry Load:NIL

    Exit Load:

    • I) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment – 1%;

    • ii) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units, irrespective of the amount of investment – NIL;

    • iii) Any exit load charged (net off Goods and Services Tax, if any) shall be credited back to the Scheme;

    • iv) Units issued on reinvestment of dividends shall not be subject to entry and exit load. (applicable for all plans)

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