| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy
An open-ended equity scheme following contrarian investment strategy
| KOTAK INDIA EQ CONTRA FUND
An open-ended equity scheme following contrarian investment strategy
(as on June 28, 2024)
Source: $ ICRA MFI Explorer.
***As per para 1.9 of of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
## Risk rate assumed to be 6.86% (FBIL Overnight MIBOR rate as on 28th Jun 2024).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'
An open-ended equity scheme following contrarian investment strategy
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Investment Objective
The investment objective of the scheme is to
generate capital appreciation from a
diversified portfolio of equity and equity
related instruments. The Scheme will invest
in stocks of companies, which are
fundamentally sound but are undervalued.
Undervalued stocks are stocks of those
companies whose true long term potential
is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies.
Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.
We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies.
Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.
We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
The investment objective of the scheme is to
generate capital appreciation from a
diversified portfolio of equity and equity
related instruments. The Scheme will invest
in stocks of companies, which are
fundamentally sound but are undervalued.
Undervalued stocks are stocks of those
companies whose true long term potential
is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies.
Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.
We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies.
Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.
We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
| Instrument/Industry/Issuer | % to Net Assets |
|
|---|---|---|
| Equity & Equity related | ||
| Banks | 18.79 | |
| HDFC Bank Ltd. | 5.51 | |
| ICICI Bank Ltd. | 4.42 | |
| State Bank Of India | 2.59 | |
| Kotak Mahindra Bank Ltd. | 1.32 | |
| City Union Bank Ltd. | 1.11 | |
| Bank Of Baroda | 0.98 | |
| Indian Bank | 0.93 | |
| Axis Bank Ltd. | 0.79 | |
| Jammu And Kashmir Bank Ltd. | 0.57 | |
| IndusInd Bank Ltd. | 0.57 | |
| IT - Software | 8.50 | |
| Infosys Ltd. | 2.89 | |
| Tech Mahindra Ltd. | 2.13 | |
| Mphasis Ltd | 2.05 | |
| Wipro Ltd. | 1.43 | |
| Pharmaceuticals and Biotechnology | 6.22 | |
| Sun Pharmaceuticals Industries Ltd. | 1.71 | |
| Zydus Lifesciences Limited | 1.09 | |
| Biocon Ltd. | 1.05 | |
| Torrent Pharmaceuticals Ltd. | 0.92 | |
| Ajanta Pharma Ltd. | 0.84 | |
| Alkem Laboratories Ltd. | 0.61 | |
| Finance | 5.85 | |
| Power Finance Corporation Ltd. | 2.10 | |
| Can Fin Homes Ltd | 1.47 | |
| Shriram Finance Ltd. | 1.46 | |
| LIC Housing Finance Ltd. | 0.46 | |
| Aavas Financiers Ltd. | 0.36 | |
| Auto Components | 5.65 | |
| Exide Industries Ltd | 1.87 | |
| Samvardhana Motherson International Limited | 1.75 | |
| Bharat Forge Ltd. | 1.32 | |
| JK Tyre & Industries Ltd. | 0.71 | |
| Petroleum Products | 4.25 | |
| Reliance Industries Ltd. | 3.36 | |
| Bharat Petroleum Corporation Ltd. | 0.89 | |
| Automobiles | 3.89 | |
| Hero MotoCorp Ltd. | 2.31 | |
| Maruti Suzuki India Limited | 1.58 | |
| Construction | 3.76 | |
| Kalpataru Projects International Limited | 1.50 | |
| Larsen And Toubro Ltd. | 1.25 | |
| G R Infraprojects Limited | 1.01 | |
| Power | 3.56 | |
| National Thermal Power Corporation Limited | 2.27 | |
| Power Grid Corporation Of India Ltd. | 1.29 | |
| Aerospace and Defense | 3.34 | |
| Bharat Electronics Ltd. | 2.23 | |
| Astra Microwave Products Ltd. | 1.11 | |
| Diversified FMCG | 3.18 | |
| Hindustan Unilever Ltd. | 2.05 | |
| ITC Ltd. | 1.13 | |
| Consumer Durables | 3.12 | |
| Voltas Ltd. | 1.38 | |
| Kajaria Ceramics Ltd. | 1.13 | |
| Century Plyboards (India) Ltd. | 0.61 | |
| Personal Products | 3.02 | |
| Godrej Consumer Products Ltd. | 1.85 | |
| Emami Ltd. | 1.17 | |
| Gas | 2.85 | |
| GAIL (India) Ltd. | 2.05 | |
| Gujarat State Petronet Ltd. | 0.80 | |
| Telecom - Services | 2.35 | |
| Bharti Airtel Ltd | 2.35 | |
| Entertainment | 2.26 | |
| Sun TV Network Ltd. | 1.29 | |
| PVR Inox Limited | 0.97 | |
| Industrial Products | 2.09 | |
| APL Apollo Tubes Ltd. | 1.11 | |
| Cummins India Ltd. | 0.98 | |
| Beverages | 2.07 | |
| Radico Khaitan Ltd. | 1.21 | |
| United Breweries Ltd. | 0.86 | |
| Cement and Cement Products | 2.00 | |
| Ultratech Cement Ltd. | 2.00 | |
| Industrial Manufacturing | 1.82 | |
| Jyoti CNC Automation Ltd | 1.02 | |
| JNK India Limited | 0.80 | |
| Healthcare Services | 1.79 | |
| Fortis Healthcare India Ltd | 1.06 | |
| Metropolis Healthcare Ltd. | 0.73 | |
| Oil | 1.56 | |
| Oil & Natural Gas Corporation Ltd. | 1.56 | |
| Transport Services | 1.34 | |
| Inter Globe Aviation Ltd | 1.34 | |
| Realty | 1.19 | |
| Oberoi Realty Ltd | 1.19 | |
| Insurance | 1.17 | |
| SBI Life Insurance Company Ltd | 1.17 | |
| Ferrous Metals | 1.07 | |
| Jindal Steel & Power Ltd. | 1.07 | |
| Fertilizers and Agrochemicals | 1.03 | |
| Coromandel International Ltd. | 1.03 | |
| Non - Ferrous Metals | 1.03 | |
| Hindalco Industries Ltd | 1.03 | |
| Equity & Equity related - Total | 98.75 | |
| Triparty Repo | 1.16 | |
| Net Current Assets/(Liabilities) | 0.09 | |
| Grand Total | 100.00 | |
| | ||
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 22,80,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 1,28,32,540 | 34,31,594 | 19,42,309 | 12,25,421 | 5,74,961 | 1,54,058 |
| Scheme Returns (%) | 16.00 | 19.96 | 23.58 | 29.10 | 33.06 | 57.45 |
| Nifty 500 (TRI) Returns (%) | 14.73 | 17.60 | 20.37 | 24.76 | 25.50 | 43.24 |
| Alpha* | 1.27 | 2.35 | 3.21 | 4.34 | 7.56 | 14.21 |
| Nifty 500 (TRI) (₹)# | 1,10,68,498 | 30,22,624 | 17,33,577 | 11,05,150 | 5,19,822 | 1,46,039 |
| Nifty 100 (TRI) Returns (%) | 14.18 | 16.17 | 18.28 | 21.58 | 21.90 | 38.49 |
| Alpha* | 1.83 | 3.79 | 5.30 | 7.52 | 11.16 | 18.96 |
| Nifty 100 (TRI) (₹)# | 1,03,85,037 | 27,97,578 | 16,09,400 | 10,23,938 | 4,94,860 | 1,43,307 |
| Nifty 50 (TRI) (₹)^ | 97,94,382 | 27,33,445 | 15,75,620 | 9,95,998 | 4,80,654 | 1,39,256 |
| Nifty 50 (TRI) Returns (%) | 13.67 | 15.73 | 17.68 | 20.44 | 19.80 | 31.54 |
Scheme Inception : - July 27,2005. The returns are calculated by XIRR approach assuming investment of ₹10,000/- 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. The SIP Performance is for Regular Plan –
Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the
performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return. *All payouts during the period have been
reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.
Net Asset Value (NAV)
| Regular | Direct | |
| Growth | Rs146.4440 | Rs170.3410 |
| IDCW | Rs50.4790 | Rs60.6160 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager* | Ms. Shibani Sircar Kurian |
| Benchmark*** | Nifty 500 TRI (Tier 1), Nifty 100 TRI (Tier 2) |
| Allotment date | July 27, 2005 |
| AAUM | Rs3,371.38 crs |
| AUM | Rs3,499.74 crs |
| Folio count | 78,693 |
IDCW Frequency
Trustee's Discretion
Ratios
| Portfolio Turnover | 40.02% |
| $Beta | 0.96 |
| $Sharpe ## | 1.23 |
| $Standard Deviation | 13.09% |
| (P/E) | 22.15 |
| P/BV | 3.38 |
Minimum Investment Amount
Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter
Ideal Investments Horizon
• 5 years & above
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load:
a) For redemption / switch out within 90
days from the date of allotment:1%
b) If units are redeemed or switched out on
or after 90 days from the date of allotment -
Nil.
Total Expense Ratio**
| Regular Plan: | 1.90% |
| Direct Plan: | 0.58% |
Data as on 30th June, 2024 unless
otherwise specified.
Fund
Benchmark - Tier 1
Benchmark - Tier 2
This product is suitable for investors who are seeking*:
Benchmark - Tier 1
Benchmark - Tier 2
This product is suitable for investors who are seeking*:
- Long term capital growth
- Investment in portfolio of predominantly equity & equity related securities.
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 30th June, 2024. An addendum may be issued or updated on the website for new riskometer.
***As per para 1.9 of of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
## Risk rate assumed to be 6.86% (FBIL Overnight MIBOR rate as on 28th Jun 2024).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'