| KOTAK BUSINESS CYCLE FUND
An open ended equity scheme following business cycles based investing theme
| KOTAK BUSINESS CYCLE FUND
An open ended equity scheme following business cycles based investing theme

      

      
Investment Objective

The scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
However, there is no assurance that the objective of the scheme will be realized.

The scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
However, there is no assurance that the objective of the scheme will be realized.

Instrument/Industry/Issuer
% to Net
Assets

Equity & Equity related
Banks 16.72
ICICI Bank Ltd. 4.95
Axis Bank Ltd. 3.94
HDFC Bank Ltd. 3.86
IndusInd Bank Ltd. 1.82
Indian Bank 1.25
Kotak Mahindra Bank Ltd. 0.90
Consumer Durables 8.94
Century Plyboards (India) Ltd. 2.48
Whirlpool of India Ltd. 2.47
Blue Star Ltd. 1.92
Kajaria Ceramics Ltd. 1.33
Elin Electronics Ltd. 0.74
Auto Components 8.13
Bharat Forge Ltd. 3.18
Uno Minda Limited 2.22
Bosch Ltd. 1.78
Sansera Engineering Ltd. 0.49
Minda Corporation Limited 0.46
Industrial Products 7.35
Carborundum Universal Ltd. 2.01
Cummins India Ltd. 1.76
Happy Forgings Ltd 1.37
SKF India Ltd 1.30
Inox India Ltd 0.91
Pharmaceuticals and Biotechnology 5.06
Sun Pharmaceuticals Industries Ltd. 2.33
Mankind Pharma Ltd 2.07
Ipca Laboratories Ltd. 0.66
Retailing 4.30
Avenue Supermarts Ltd. 2.32
Zomato Ltd. 1.98
Cement and Cement Products 4.15
Ultratech Cement Ltd. 2.10
Ambuja Cements Ltd. 2.05
Telecom - Services 4.03
Bharti Hexacom Ltd. 4.03
Finance 3.97
Cholamandalam Investment and Finance Company Ltd. 1.98
Bajaj Finance Ltd. 1.34
Power Finance Corporation Ltd. 0.65
Realty 3.79
Oberoi Realty Ltd 2.02
Mahindra Lifespace Developers Ltd 1.77
IT - Software 3.52
Infosys Ltd. 2.43
Tech Mahindra Ltd. 1.09
Personal Products 3.41
Godrej Consumer Products Ltd. 2.38
Dabur India Ltd. 1.03
Automobiles 3.11
Maruti Suzuki India Limited 3.11
Insurance 3.01
SBI Life Insurance Company Ltd 1.90
Medi Assist Healthcare Services Limited 1.11
Petroleum Products 2.99
Reliance Industries Ltd. 2.99
Construction 2.46
Larsen And Toubro Ltd. 2.46
Industrial Manufacturing 2.09
Honeywell Automation India Ltd. 2.09
Beverages 1.68
United Spirits Ltd. 1.68
Electrical Equipment 1.66
Azad Engineering Ltd 0.85
Thermax Ltd. 0.81
Power 1.59
National Thermal Power Corporation Limited 1.59
Diversified FMCG 1.46
ITC Ltd. 1.46
Capital Markets 1.32
Computer Age Management Services Limited 1.32
Commercial Services and Supplies 1.22
CMS Info Systems Ltd 1.22
Transport Services 1.00
Container Corporation of India Ltd. 1.00
Leisure Services 0.74
Tbo Tek Limited 0.74
Equity & Equity related - Total 97.70
Triparty Repo 0.44
Net Current Assets/(Liabilities) 1.86
Grand Total 100.00



Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 1 year
Total amount invested (₹) 2,10,000 1,20,000
Total Value as on June 28, 2024 (₹) 2,81,536 1,48,005
Scheme Returns (%) 36.34 46.69
NIFTY 500 TRI (%) 36.13 43.24
Alpha* 0.21 3.45
NIFTY 500 TRI (₹) # 2,81,113 1,46,039
Nifty 50 (₹) ^ 2,61,790 1,39,256
Nifty 50 (%) 26.54 31.54

Scheme Inception : - September 28,2022. 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)
RegularDirect
Growth Rs14.9230Rs15.3600
IDCW Rs14.9230Rs15.3590
(as on June 28, 2024)

Available Plans/Options

A) Direct Plan B) Regular Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager*^ Mr. Harish Bihani &
Mr. Abhishek Bisen
BenchmarkNifty 500 TRI
Allotment dateSeptember 28, 2022
AAUMRs2,583.60 crs
AUMRs2,616.08 crs
Folio count74,780

IDCW Frequency

Trustee's Discretion


Ratios
Portfolio Turnover28.13%
(P/E) 35.92
P/BV 5.21

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 of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil.
b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%
c) If units are redeemed or switched out on or after 1 year from the date of allotment: NIL.


Total Expense Ratio**
Regular Plan: 1.93%
Direct Plan: 0.45%

Data as on 30th June, 2024 unless otherwise specified.

Fund


Benchmark
This product is suitable for investors who are seeking*:
  • Long term capital growth
  • Investment in portfolio of predominantly equity & equity related securities of companies with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy

* 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.

**Total Expense Ratio includes applicable B30 fee and GST.
^Mr. Arjun Khanna (Dedicated fund manager for investments in foreign securities).
* For Fund Manager experience, please refer 'Our Fund Managers'
For scheme performance, please refer 'Scheme Performances'