September 18, 2024
mayank
Kotak Nifty Midcap 150 Momentum 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 150 Momentum 50 Index Fund Open Date, Close Date?
NFO opens on September 19, 2024
NFO will close on October 03, 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 | 19 September 2024 |
| Issue Close | 03 October 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 150 Moment 50 TRI |
What is the Benchmark Index of Kotak Nifty Midcap 150 Momentum 50 Index?
Nifty Midcap150 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty Midcap 150 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6-month and 12 month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty Midcap150 Momentum 50 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.84 | 35.71 | 65.01 | 38.97 | 24.11 |
| Total Return | 5.97 | 36.34 | 66.13 | 39.93 | 25.39 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.05 | 20.40 | 21.26 |
| Beta (NIFTY 50) | 1.14 | 0.85 | 0.80 |
| Correlation (NIFTY 50) | 0.75 | 0.80 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 36.11 | 5.86 | 0.82 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Dixon Technologies (India) Ltd. | 4.79 |
| Cummins India Ltd. | 4.38 |
| Oil India Ltd. | 4.17 |
| Bharat Heavy Electricals Ltd. | 3.84 |
| Lupin Ltd. | 3.61 |
| BSE Ltd. | 3.46 |
| PB Fintech Ltd. | 3.37 |
| Indus Towers Ltd. | 3.32 |
| Rail Vikas Nigam Ltd. | 3.21 |
| Voltas Ltd. | 2.99 |
Performance Review of the Fund Managers of Kotak Nifty Midcap 150 Momentum 50?
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 | 38.23 | 31.60 | 32.36 | 15.20 |
| 3 Year | 19.03 | 16.18 | 40.23 | 11.96 |
| 5 Year | 24.42 | 21.27 | 22.99 | 14.76 |
| 7 Year | 20.40 | 15.85 | 10.58 | 11.86 |
| 10 Year | — | — | 6.40 | 13.25 |
As on 18-09-2024
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 | 23.44 | 31.60 | 27.06 | 31.60 |
| 3 Year | 13.18 | 16.18 | 14.26 | 16.18 |
| 5 Year | 18.92 | 21.27 | 19.75 | 21.27 |
| 7 Year | 15.48 | 15.85 | 15.27 | 15.85 |
| 10 Year | 13.11 | 14.32 | 13.20 | 14.32 |
As on 18-09-2024
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 | 53.20 | 36.22 | 65.80 | 31.60 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-09-2024
Which Company Owns Kotak Nifty Midcap 150 Momentum 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 150 Momentum 50 Index NFO?
Guidance for Kotak Nifty Midcap 150 Momentum 50 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
NIFTY Midcap 150 Momentum 50 Index gives investors a new opportunity to focus on midcap stocks showing recent positive price trends. The NIFTY Midcap 150 Momentum 50 Index comprises the top 50 midcap companies from the broader Nifty Midcap 150 Index. This approach provides investors with a systematic way to invest in companies with strong upward movement. The combination of midcap companies with a momentum strategy could provide an attractive option for investors who are looking to tap into high-growth opportunities without the hassle of frequent monitoring or adjustments. The NIFTY Midcap 150 Momentum 50 Index has historically outperformed other midcap indices. By focusing on momentum stocks, this fund offers investors a way to potentially benefit from price trends in a passive and disciplined manner.
If you are planning or wanting to invest in midcap stocks, investment of a small amount in the Kotak Nifty Mdicap 150 Momentum 50 Index Fund can be done.
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