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Kotak

Equity Arbitrage

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 14526.64 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
Banks 10.17 %
Petroleum Products 5.85 %
Finance 5.31 %
Software 5.29 %
Cement 4.39 %
Pharmaceuticals 4.32 %
Unrated 13.7 %
REST 22.32 %
Sector % of net asset

Stocks

Stocks Industry Percentage of net asset
Equity & Equity related (Listed/Awaiting listing on Stock Exchange)
Hedged
Reliance Industries Ltd. Petroleum Products 4.35 %
HDFC Bank Ltd. Banks 4.18 %
Hindustan Unilever Ltd. Consumer Non Durables 3.01 %
ITC Ltd. Consumer Non Durables 2.39 %
Grasim Industries Ltd. Cement 2.07 %
Tata Consultancy Services Ltd. Software 2.02 %
HDFC Ltd. Finance 1.98 %
Axis Bank Ltd Banks 1.71 %
Ultratech Cement Ltd. Cement 1.38 %
Infosys Ltd. Software 1.29 %
Yes Bank Ltd Banks 1.12 %
Vedanta Ltd. Non - Ferrous Metals 1.11 %
Larsen And Toubro Ltd. Construction Project 1.08 %
Tech Mahindra Ltd. Software 1.07 %
Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.89 %
Bajaj Finance Limited Finance 0.85 %
National Thermal Power Corporation Limited Power 0.84 %
IndusInd Bank Ltd. Banks 0.83 %
Mahindra & Mahindra Ltd. Auto 0.81 %
State Bank Of India Banks 0.78 %
Petronet LNG Ltd. Gas 0.72 %
Aurobindo Pharma Ltd. Pharmaceuticals 0.7 %
Marico Ltd. Consumer Non Durables 0.69 %
Nestle India Ltd. Consumer Non Durables 0.68 %
Bajaj Finserv Ltd. Finance 0.66 %
Dr Reddys Laboratories Ltd Pharmaceuticals 0.65 %
Hindustan Petroleum Corporation Ltd Petroleum Products 0.65 %
Bharat Petroleum Corporation Ltd. Petroleum Products 0.61 %
Divi s Laboratories Limited Pharmaceuticals 0.61 %
Godrej Consumer Products Ltd. Consumer Non Durables 0.6 %
Bharti Airtel Ltd. Telecom - Services 0.57 %
JSW Steel Ltd. Ferrous Metals 0.57 %
Hindalco Industries Ltd Non - Ferrous Metals 0.56 %
Tata Power Co. Ltd. Power 0.56 %
Cipla Ltd. Pharmaceuticals 0.53 %
Ambuja Cements Ltd Cement 0.51 %
Exide Industries Ltd Auto Ancillaries 0.51 %
Bosch Limited Auto Ancillaries 0.47 %
RBL Bank Ltd Banks 0.46 %
NMDC Ltd. Minerals/Mining 0.45 %
Power Finance Corporation Ltd. Finance 0.45 %
Adani Port and Special Economic Zone Limited Transportation 0.43 %
Pidilite Industries Ltd. Chemicals 0.43 %
Asian Paints Ltd. Consumer Non Durables 0.42 %
GAIL (India) Ltd. Gas 0.42 %
Titan Company Ltd. Consumer Durables 0.42 %
Mahindra & Mahindra Financial Services Ltd. Finance 0.41 %
DLF Limited Construction 0.38 %
Kotak Mahindra Bank Ltd. Banks 0.38 %
SRF Ltd. Textile Products 0.38 %
Tata Steel Limited. Ferrous Metals 0.38 %
Apollo Hospitals Enterprises Ltd. Healthcare Services 0.37 %
Shriram Transport Finance Co Ltd. Finance 0.37 %
United Spirits Ltd. Consumer Non Durables 0.37 %
Bajaj Auto Ltd. Auto 0.36 %
Adani Power Ltd Power 0.35 %
Shree Cement Ltd. Cement 0.34 %
Cadila Healthcare Ltd. Pharmaceuticals 0.33 %
Jindal Steel & Power Ltd. Ferrous Metals 0.33 %
Maruti Suzuki India Limited Auto 0.33 %
Motherson Sumi Systems Ltd. Auto Ancillaries 0.33 %
Coal India Ltd. Minerals/Mining 0.32 %
Container Corporation of India Ltd. Transportation 0.32 %
Oracle Financial Services Software Ltd Software 0.32 %
Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.31 %
Hero MotoCorp Ltd. Auto 0.29 %
Oil & Natural Gas Corporation Ltd. Oil 0.28 %
Punjab National Bank Banks 0.28 %
Dabur India Ltd Consumer Non Durables 0.27 %
UPL Ltd Pesticides 0.26 %
Vodafone Idea Ltd Telecom - Services 0.26 %
Hindustan Zinc Ltd. Non - Ferrous Metals 0.25 %
Piramal Enterprises Limited Pharmaceuticals 0.25 %
Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.24 %
Wipro Ltd. Software 0.22 %
Adani Enterprises Ltd Trading 0.21 %
NCC Limited Construction Project 0.21 %
Castrol (India ) Ltd. Petroleum Products 0.2 %
GMR Infrastructure Ltd. Construction Project 0.2 %
Steel Authority of India Ltd. Ferrous Metals 0.2 %
HCL Technologies Ltd. Software 0.19 %
Muthoot Finance Ltd Finance 0.19 %
Kajaria Ceramics Ltd. Construction 0.18 %
Max Financial Services Ltd. Finance 0.18 %
Bata India Ltd. Consumer Durables 0.17 %
Tata Motors Ltd - DVR Auto 0.17 %
Zee Entertainment Enterprises Ltd Media and Entertainment 0.17 %
Federal Bank Ltd. Banks 0.15 %
Mahanagar Gas Ltd Gas 0.15 %
Siemens Ltd. Industrial Capital Goods 0.15 %
Sun TV Network Ltd. Media and Entertainment 0.15 %
Dish TV India Ltd. Media and Entertainment 0.14 %
ICICI Bank Ltd. Banks 0.14 %
CESC Ltd. Power 0.13 %
Tata Elxsi Ltd. Software 0.13 %
Torrent Power Ltd Power 0.13 %
Ashok Leyland Ltd. Auto 0.12 %
Equitas Holdings Ltd Finance 0.12 %
Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.11 %
Manappuram Finance Ltd Finance 0.11 %
Power Grid Corporation Of India Ltd Power 0.11 %
Havells India Ltd. Consumer Durables 0.1 %
Tata Motors Ltd. Auto 0.09 %
Bank Of Baroda Banks 0.08 %
National Aluminium Company Ltd Non - Ferrous Metals 0.08 %
ACC Ltd. Cement 0.07 %
Lupin Ltd. Pharmaceuticals 0.07 %
Bank of India Banks 0.05 %
Britannia Industries Ltd. Consumer Non Durables 0.05 %
Apollo Tyres Ltd. Auto Ancillaries 0.04 %
Escorts Ltd. Auto 0.04 %
Indian Oil Corporation Ltd Petroleum Products 0.04 %
Strides Pharma Science Ltd Pharmaceuticals 0.04 %
Engineers India Ltd. Construction Project 0.03 %
MindTree Ltd. Software 0.03 %
Birlasoft Ltd. Software 0.02 %
Century Textiles & Industries Ltd. Cement 0.02 %
Oil India Limited Oil 0.02 %
Raymond Limited Textile Products 0.02 %
Tata Global Beverages Limited Consumer Non Durables 0.02 %
Berger Paints (I) Ltd. Consumer Non Durables 0.01 %
Bharat Forge Ltd. Industrial Products 0.01 %
Biocon Ltd. Pharmaceuticals 0.01 %
Eicher Motors Ltd Auto 0.01 %
MRF Limited Auto Ancillaries 0.01 %
Tata Chemicals Ltd. Chemicals 0.01 %
Union Bank Of India Banks 0.01 %
Listed/Awaiting Listing on Stock Exchange - Total 62.46 %
Mutual Fund Units
Kotak Mahindra Liquid Scheme Direct Plan Growth 8.83 %
Kotak Floater Short Term Direct Growth 4.87 %
Mutual Fund Units - Total 13.7 %
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 1.39 %
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.34 %
L & T Finance Ltd. CARE AAA 0.1 %
Kotak Mahindra Prime Ltd. CRISIL AAA 0.07 %
Corporate Debt/Financial Institutions - Total 1.9 %
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL A1+ 3.22 %
Corporate Debt/Financial Institutions - Total 3.22 %
TERM DEPOSITS
HDFC Bank Ltd. 13.87 %
IDFC First Bank Limited 1.27 %
Federal Bank Ltd. 0.76 %
AU Small Finance Bank Ltd. 0.34 %
Equitas Small Finance Bank Ltd. 0.18 %
Equitas Small Finance Bank Ltd. ( ) 0.17 %
RBL Bank Ltd. 0.17 %
Term Deposits - Total 16.76 %
Triparty Repo 0.16 %
Net Current Assets/(Liabilities) 1.8 %
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 : `14526.64 Cr

  • AAUM : `14152.07 Cr

Key ratiosas on 31 Jul, 2019

Portfolio turnover ratio 352.42%
$Standard Deviation 0.46%
$Beta 0.43
$Sharpe Ratio ## 0.88%
Modified duration 0.09 yrs
Average maturity 0.09
Yield to maturity 7.2
Tracking Error NA
Expense Ratio (Direct) ** 0.49%
Expense Ratio (Regular) ** 0.97%
Source: $ICRA MFI Explorer## Risk rate assumed to be 5.75% (FBIL Overnight MIBOR rate as on 31 July 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