May 16, 2024
mayank
Kotak NIFTY 100 Low Volatility 30 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
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Kotak NIFTY 100 Low Volatility 30 Index Fund Open Date, Close Date?
NFO opens on May 22, 2024
NFO will close on May 31, 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 | 22 May 2024 |
| Issue Close | 31 May 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 100 Low Volatility 30 TRI |
What is the Benchmark Index?
Nifty100 Low Volatility 30 Index aims to measure the performance of the low volatile securities in the large market capitalisation segment.
The securities are selected from Nifty 100 index and should be available for trading in derivative segment(F&O).The selection of securities and its weights in Nifty100 Low Volatility 30 are based on volatility. Volatility of the securities is calculated as the standard deviation of daily price returns (log normal) for last one year.
In order to make the index replicable for passive products, weightage of the stocks with turnover less than the stock having the lowest turnover in Nifty 50, has been capped at 3%.
Index Characteristics:
| Methodology | Volatility based weighting |
| No. of Constituents | 30 |
| Launch Date | July 08, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Quarterly |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -1.44 | 3.54 | 32.69 | 14.92 | 16.30 |
| Total Return | -1.44 | 3.86 | 34.14 | 16.84 | 18.23 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.31 | 15.86 | 17.33 |
| Beta (NIFTY 50) | 0.80 | 0.77 | 0.76 |
| Correlation (NIFTY 50) | 0.86 | 0.92 | 0.93 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 32.01 | 6.32 | 1.18 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ICICI Bank Ltd | 4.45 |
| Hindustan Unilever Ltd. | 4.25 |
| Axis Bank Ltd. | 3.98 |
| ITC Ltd. | 3.89 |
| Titan Company Ltd. | 3.84 |
| Britannia Industries Ltd. | 3.81 |
| Sun Pharmaceutical Industries Ltd. | 3.70 |
| Nestle India Ltd. | 3.68 |
| UltraTech Cement Ltd. | 3.68 |
| Reliance Industries Ltd. | 3.58 |
Performance Review of the Fund Managers of Kotak NIFTY 100 Low Volatility 30 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 | 33.01 | 27.04 | 78.42 | 10.09 |
| 3 Year | 20.10 | 17.80 | 48.97 | 14.98 |
| 5 Year | 20.14 | 17.33 | 19.81 | 11.81 |
| 7 Year | 19.03 | 14.73 | 9.57 | 11.74 |
| 10 Year | — | — | 8.21 | 13.56 |
As on 16-5-2024
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 Bank ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 9.30 | 10.09 | 22.05 | 27.04 |
| 3 Year | 14.61 | 14.98 | 15.99 | 17.80 |
| 5 Year | 10.80 | 11.81 | 15.88 | 17.33 |
| 7 Year | 11.24 | 11.74 | 14.17 | 14.73 |
| 10 Year | — | — | 12.98 | 14.12 |
As on 16-5-2024
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 Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 18.11 | 12.91 | 17.01 | 20.29 |
| 3 Year | 12.24 | 9.50 | 11.15 | 14.74 |
| 5 Year | 11.01 | 9.65 | 11.98 | 14.68 |
| 7 Year | 9.78 | 8.99 | — | — |
| 10 Year | — | — | — | — |
As on 16-5-2024
Which Company Owns Kotak NIFTY 100 Low Volatility 30 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 100 Low Volatility 30 NFO?
Guidance for Kotak NIFTY 100 Low Volatility 30 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
To begin with, the Fund has a top notch team of Fund Managers. However, this type of Fund is for an investor who has a large portfolio and wants to diversify his holdings and is willing to take some risk. Also, this Fund is for someone who has a good understanding of the markets and how they work. A basic investor will only get confused with the name.
The Index comprises of funds such as ICICI Bank, HUL, Axis Bank etc and hence more weightage is given to large cap companies. The weightage to each company will be capped at 3% in the Fund.
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Quicklinks
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