July 18, 2024
mayank
Kotak Nifty Midcap 50 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 Nifty Midcap 50 Index Fund Open Date, Close Date?
NFO opens on July 25, 2024
NFO will close on August 08, 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 | 25 July 2024 |
| Issue Close | 08 August 2024 |
| Type | Open-ended |
| Category | Equity: Mid Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Midcap 50 TRI |
What is the Benchmark Index of Kotak Nifty Midcap 50 Index Fund?
The primary objective of the Nifty Midcap 50 Index is to capture the movement of the midcap segment of the market.It includes top 50 companies selected based on 6 month average free float market capitalization from the top 100 companies selected based on both average daily full market capitalization and average daily turnover based on previous six months data from the Nifty Midcap 150 index. A preference is given to companies that are available for trading in NSE’s Futures & Options segment at the time of final selection.
Nifty Midcap 50 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Midcap 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Midcap 50 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 16.15 | 19.52 | 55.14 | 26.39 | 14.38 |
| Total Return | 16.27 | 19.85 | 56.32 | 27.73 | 15.85 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.68 | 22.87 | 25.87 |
| Beta (NIFTY 50) | 1.10 | 1.02 | 1.01 |
| Correlation (NIFTY 50) | 0.79 | 0.86 | 0.85 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 44.27 | 5.5 | 0.71 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Max Healthcare Institute Ltd. | 4.51 |
| Suzlon Energy Ltd. | 3.64 |
| Indian Hotels Co. Ltd | 3.52 |
| Cummins India Ltd | 3.50 |
| Tube Investments of India Ltd. | 2.94 |
| Dixon Technologies (India) Ltd. | 2.93 |
| Persistent Systems Ltd. | 2.88 |
| Yes Bank Ltd. | 2.79 |
| Bharat Forge Ltd. | 2.77 |
| Federal Bank Ltd. | 2.73 |
Performance Review of the Fund Manager of Kotak Nifty Midcap 50 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 Value 20 ETF | It’s Benchmark | Kotak Nifty PSU Bank ETF | It’s Benchmark |
| 1 Year | 37.31 | 32.08 | 68.37 | 20.17 |
| 3 Year | 21.52 | 18.66 | 45.23 | 15.08 |
| 5 Year | 22.53 | 18.73 | 18.87 | 12.46 |
| 7 Year | 20.11 | 15.75 | 11.10 | 12.60 |
| 10 Year | — | — | 7.48 | 13.84 |
As on 18-07-2024
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 BSE Sensex ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 23.27 | 32.08 | 27.02 | 32.08 |
| 3 Year | 16.04 | 18.66 | 16.81 | 18.66 |
| 5 Year | 16.62 | 18.73 | 17.24 | 18.73 |
| 7 Year | 15.13 | 15.75 | 15.06 | 15.75 |
| 10 Year | 13.26 | 14.43 | 13.34 | 14.43 |
As on 18-07-2024
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 Multicap Fund | It’s Benchmark | Kotak Nifty Alpha 50 ETF | It’s Benchmark |
| 1 Year | 57.51 | 39.03 | 80.99 | 32.08 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-07-2024
Which Company Owns Kotak Nifty Midcap 50 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 Nifty Midcap 50 Index Fund NFO?
Guidance for Kotak Nifty Midcap 50 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Kotak Nifty Midcap 50 Index Fund is based on the Nifty Midcap 50 Index. .It includes top 50 companies selected based on 6 month average free float market capitalization from the top 100 companies. The Index has given total return of 56.32% in last one year and CAGR return of 27% in last five years. This can be considered to be very good. Since this is an Index Fund, the performance of the fund should closely follow the performance of the Index.
The Fund will be managed by three Fund Managers. Of the three, Mr. Devender Singhal has a very good track record and is one of the leading Fund Managers for Kotak Mutual Fund.
This fund can be compared to the Axis Nifty Midcap 50 Index Fund which was launched in March 2022. The fund from Axis has given one year return of 53.73%.
This fund is a good method to invest in Midcap Stocks. Can invest.
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