January 29, 2025
mayank
Kotak MSCI India ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Kotak MSCI India ETF Open Date, Close Date?
NFO opens on January 29, 2025
NFO will close on February 12, 2025
Investment Strategy for this NFO?
The scheme seeks to replicate the composition of the MSCI India Index and to generate returns that are commensurate with the performance of the MSCI India Index, subject to tracking errors.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 29 January 2025 |
| Issue Close | 12 February 2025 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | MSCI India TRI |
About Benchmark Index for this NFO?
The MSCI India Index is designed to measure the performance of the large and mid cap segments of the Indian market. With 156 constituents, the index covers approximately 85% of the Indian equity universe
For a complete description of the index methodology, please see
Index methodology – MSCI.
ANNUAL PERFORMANCE (%)
| Year | MSCI India | MSCI Emerging Markets | MSCI BIC |
| 2024 | 15.65 | 11.17 | 13.82 |
| 2023 | 22.00 | 10.91 | 2.84 |
| 2022 | 2.96 | -10.67 | -11.95 |
| 2021 | 28.86 | -0.53 | -9.53 |
| 2020 | 18.64 | 21.50 | 20.68 |
| 2019 | 9.98 | 21.54 | 25.84 |
| 2018 | 1.39 | -6.19 | -5.09 |
| 2017 | 30.49 | 29.55 | 33.58 |
| 2016 | 1.12 | 14.50 | 15.29 |
| 2015 | -1.61 | -10.49 | -9.08 |
| 2014 | 26.41 | 0.20 | -0.56 |
| 2013 | 8.57 | 10.34 | 9.22 |
| 2012 | 29.96 | 22.39 | 18.53 |
| 2011 | -25.38 | -2.82 | -8.16 |
Fund Managers of Kotak MSCI India Exchange Traded 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 ).
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.
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.
AMC
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
Review for Kotak MSCI India ETF @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of MSCI India TRI
INDEX PERFORMANCE — GROSS RETURNS (%) (DEC 31, 2024)
| ANNUALIZED | ||||||||
| 1 Mo | 3 Mo | 1 Yr | YTD | 3 Yr | 5 Yr | 10 Yr | Since Dec 30, 1994 | |
| MSCI India | -1.57 | -8.70 | 15.65 | 15.65 | 13.26 | 17.30 | 12.39 | 12.07 |
| MSCI Emerging Markets | 1.23 | -5.84 | 11.17 | 11.17 | 3.27 | 5.89 | 7.26 | 8.92 |
| MSCI BIC | 0.92 | -7.90 | 13.82 | 13.82 | 1.01 | 2.39 | 6.53 | 10.00 |
FUNDAMENTALS (DEC 31, 2024)
| Div Yld (%) | P/E | P/E Fwd | P/BV |
| 1.10 | 26.58 | 22.18 | 3.89 |
| 2.64 | 15.43 | 11.91 | 1.80 |
| 2.33 | 15.44 | 12.19 | 1.87 |
INDEX RISK AND RETURN CHARACTERISTICS (DEC 31, 2024)
| ANNUALIZED STD DEV (%) 2 | MAXIMUM DRAWDOWN | |||||
| Turnover (%) 1 | 3 Yr | 5 Yr | 10 Yr | (%) | Period YYYY-MM-DD | |
| MSCI India | 12.16 | 13.92 | 18.60 | 16.05 | 63.91 | 2008-01-07—2009-03-05 |
| MSCI Emerging Markets | 5.64 | 15.85 | 16.29 | 14.97 | 56.7 | 2008-05-19—2008-10-27 |
| MSCI BIC | 8.01 | 18.94 | 18.11 | 17.13 | 63.74 | 2008-05-19—2008-10-27 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 156 |
| Mkt Cap ( INR Millions) | |
| Index | 127,506,638.13 |
| Largest | 10,010,886.74 |
| Smallest | 168,476.58 |
| Average | 817,350.24 |
| Median | 436,436.47 |
TOP 10 CONSTITUENTS
| Float Adj Mkt Cap ( INR Billions) | Index Wt. (%) | Sector | |
| HDFC BANK | 10,010.89 | 7.85 | Financials |
| RELIANCE INDUSTRIES | 7,401.58 | 5.8 | Energy |
| ICICI BANK | 6,683.16 | 5.24 | Financials |
| INFOSYS | 6,244.83 | 4.9 | Info Tech |
| BHARTI AIRTEL | 4,067.69 | 3.19 | Comm Srvcs |
| TATA CONSULTANCY | 3,703.84 | 2.9 | Info Tech |
| MAHINDRA & MAHINDRA | 2,804.56 | 2.2 | Cons Discr |
| AXIS BANK | 2,437.28 | 1.91 | Financials |
| LARSEN & TOUBRO | 2,430.65 | 1.91 | Industrials |
| KOTAK MAHINDRA BANK | 1,952.98 | 1.53 | Financials |
| Total | 47,737.46 | 37.44 |
Note on Benchmark Performance:
This fund seeks to replicate the composition of the MSCI India Index and to generate returns that are commensurate with the performance of the MSCI India Index. The index comprises of 156 stocks of large and midcap sphere which have strong growth track record. Some of the companies include HDFC Bank, Reliance, TCS, Bharti airtel etc and the index has provided decent returns during last one, three and five years’ time frame. The index is available at attractive PE multiple of 26.18.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Devender Singhal
| Fund | Kotak Nifty 50 ETF | It’s Benchmark | Kotak Nifty 50 Value 20 ETF | It’s Benchmark |
| 1 Year | 8.66 | 9.57 | 11.25 | 8.47 |
| 3 Year | 11.49 | 12.81 | 15.69 | 13.50 |
| 5 Year | 14.85 | 15.98 | 20.43 | 17.27 |
| 7 Year | 12.12 | 12.52 | 16.02 | 12.73 |
| 10 Year | 10.96 | 11.77 | — | — |
As on 29-1-2025
Past Performance of Satish Dondapati
| Fund | Kotak BSE Sensex ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 8.27 | 9.57 | 8.66 | 9.57 |
| 3 Year | 10.98 | 12.81 | 11.49 | 12.81 |
| 5 Year | 14.15 | 15.98 | 14.85 | 15.98 |
| 7 Year | 12.22 | 12.52 | 12.12 | 12.52 |
| 10 Year | 10.95 | 11.77 | 10.96 | 11.77 |
As on 29-1-2025
Past Performance of Abhishek Bisen
| Fund | Kotak Equity Hybrid Fund | It’s Benchmark | Kotak Equity Savings Fund | It’s Benchmark |
| 1 Year | 14.89 | 8.54 | 10.16 | 8.08 |
| 3 Year | 14.41 | 12.19 | 11.47 | 9.17 |
| 5 Year | 17.33 | 15.01 | 11.66 | 10.26 |
| 7 Year | 13.70 | 11.66 | 10.14 | 8.90 |
| 10 Year | 13.18 | 11.50 | 9.85 | 8.59 |
As on 29-1-2025
Note on Fund Managers’ performance
As you know, the Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. We have reviewed several schemes managed by these fund managers, and as noted earlier, their past performance has been somewhat underwhelming. (as mentioned above). The past performance of the third fund manager, Shri Abhishek Bisen is reasonably good when compared to the benchmark returns.
[ C ] Conclusion
In addition to the two factors considered for NFO analysis, we tried to review the past performance of a comparable fund in this category and there is no other fund tracking this benchmark index.
Taking into account these three factors, we anticipate an good returns on this NFO during medium to longer time frame. Invest.
Is it good to invest in Kotak MSCI India Exchange Traded Fund NFO?
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