July 5, 2024
mayank
Kotak BSE PSU Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Kotak BSE PSU Index Fund Open Date, Close Date?
NFO opens on July 10, 2024
NFO will close on July 24, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 10 July 2024 |
| Issue Close | 24 July 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-PSU |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | BSE PSU TRI |
What is the Benchmark Index of Kotak BSE PSU Index Fund?
The BSE PSU index is designed to measure the performance of public sector undertakings (PSUs) as defined by BSE Ltd. It was launched on 04th June 2001. It can be used for variety of purposes such as benchmarking fund portfolios, launching of Index funds, ETF and structured products and also for research purposes.
Quick Facts
| Weighting Method | Float -adjusted market cap weighted |
| Rebalancing Frequency | Semiannually in June and December |
| Calculation Frequency | Real time |
| Calculation Currencies | INR, USD |
| Launch Date | 4th June 2001 |
| First Value Date | 1st February 1999 |
Performance
| Index Level | Returns | Annualised Returns | |||||
| Total Returns | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Years | 10 Years |
| 34815.96 | 1.72% | 16.58% | 37.91% | 103.81% | 45.35% | 26.98% | 13.27% |
| Index Level | Returns | Annualised Returns | |||||
| Price Returns | 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Years | 10 Years |
| 21203.72 | 1.51% | 16.03% | 36.29% | 97.50% | 39.70% | 22.04% | 9.40% |
Risk
| Annualised Risk | Annualised Risk – Adjusted Returns | ||||
| 3 Year | 5 Year | 10 Year | 3 Year | 5 Year | 10 Year |
| 19.09% | 27.06% | 23.55% | 2.06 | 0.81 | 0.40 |
Fundamentals (As On 28-June-2024)
| PE | PB | Div Yield |
| 12.58 | 2.23 | 2.24 |
Index Characteristics
| Number of Constituents | 59 |
| Constituent Market Cap[INR CRORE] | |
| Mean total Market Cap | 115227.91 |
| Largest total Market Cap | 757565.69 |
| Smallest total Market Cap | 8619.51 |
| Median total Market Cap | 65494.74 |
| Weight Largest Constituent[%] | 15.41 |
| Weight Top 10 Constituent[%] | 60.45 |
Top 10 Constituents By Index Weight
| CONSTITUENT | SYMBOL | SECTOR |
| STATE BANK OF INDIA | 500112 | Financial Services |
| NTPC LTD. | 532555 | Utilities |
| POWER GRID CORPORATION OF INDI | 532898 | Utilities |
| BHARAT ELECTRONICS LTD. | 500049 | Industrials |
| COAL INDIA LTD. | 533278 | Energy |
| OIL AND NATURAL GAS CORPORATIO | 500312 | Energy |
| Hindustan Aeronautics Limited | 541154 | Industrials |
| POWER FINANCE CORPORATION LTD. | 532810 | Financial Services |
| REC LIMITED | 532955 | Financial Services |
| INDIAN OIL CORPORATION LTD. | 530965 | Energy |
Study about Benchmark Index in details
Performance Review of the Fund Managers of Kotak BSE PSU Index Fund?
1) Devender Singhal
Education: Mr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.
Experience: Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 — January 2009) ,Religare (February 2006 — June 2007), Karvy (July 2004 — January 2006), P N Vijay Financial Services Pvt Ltd(2001 — 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 — June 2000 ).
Past Performance of his Schemes
| Fund | Kotak Nifty 50 ETF | It’s Benchmark | Kotak Nifty Bank ETF | It’s Benchmark |
| 1 Year | 26.71 | 32.03 | 18.00 | 19.47 |
| 3 Year | 16.79 | 18.67 | 15.69 | 16.14 |
| 5 Year | 16.39 | 17.89 | 11.07 | 11.96 |
| 7 Year | 15.35 | 16.04 | 12.63 | 13.18 |
| 10 Year | 13.02 | 14.05 | — | — |
As on 5-07-2024
2) Satish Dondapati
Education: Mr. Dondapati has done MBA Finance
Experience: Prior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.
Past Performance of his Schemes
| Fund | Kotak Nifty 50 ETF | It’s Benchmark | Kotak Nifty 50 Value 20 ETF | It’s Benchmark |
| 1 Year | 26.71 | 32.03 | 35.92 | 32.03 |
| 3 Year | 16.79 | 18.67 | 20.52 | 18.67 |
| 5 Year | 16.39 | 17.89 | 21.15 | 17.89 |
| 7 Year | 15.35 | 16.04 | 20.16 | 16.04 |
| 10 Year | 13.02 | 14.05 | — | — |
As on 5-07-2024
3) Abhishek Bisen
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Past Performance of his Schemes
| Fund | Kotak Equity Savings Fund | It’s Benchmark | Kotak Equity Hybrid Fund | It’s Benchmark |
| 1 Year | 19.36 | 15.83 | 33.52 | 24.66 |
| 3 Year | 12.43 | 10.36 | 17.63 | 15.61 |
| 5 Year | 11.35 | 9.79 | 18.34 | 15.15 |
| 7 Year | 10.13 | 9.49 | 14.45 | 14.22 |
| 10 Year | — | — | 13.59 | 12.53 |
As on 5-07-2024
Which Company Owns Kotak BSE PSU Index Fund?
Kotak Mahindra Asset Management Company Ltd
Address: The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai – 400051
Website: https://www.kotakmf.com/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Kotak BSE PSU Index Fund NFO?
Guidance for Kotak BSE PSU Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Whenever we are looking at an Index Fund, it is important to see the kind of returns the Index has generated in the past. While past performance is no guarantee for future performance, it does give an idea to the Investor. The BSE PSU Index Fund has given annualised total return of 26.98% in the past five years and 45% returns in the past three years. However, it is also important to note that PSU stocks have found good favour in the last few months but have shown a lack lustre performance (in comparison to the broader index) over a longer period of time. So one should invest a small amount only in PSU stocks.
The team of Fund Managers managing this Fund is a strong one with a good track record.
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