May 30, 2023
mayank
Kotak Nifty 200 Momentum 30 Index Fund NFO
NFO opens on May 25, 2023
NFO will close on June 08, 2023
(Our detailed Guidance is given at the bottom of the Page)
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 error.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 25 May 2023 |
| Issue Close | 08 June 2023 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty 200 Momentum 30 TRI |
About Benchmark Index
‘Nifty200 Momentum 30’ Index which aims to track the performance of the top 30 companies within the Nifty 200 selected based on their Normalised Momentum Score. The Normalised Momentum Score for each company is determined based on its 6 month and 12-month price return, adjusted for its daily price return volatility. The weight of each stock is based on the factor tilt methodology – the weight is derived by multiplying the free float market cap with the Normalised Momentum Score of that stock.
Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on 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.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.80 | -0.66 | -0.66 | 12.01 | 17.79 |
| Total Return | 5.80 | -0.41 | 0.35 | 13.10 | 19.11 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 18.00 | 20.86 | 22.92 |
| Beta (NIFTY 50) | 1.08 | 0.95 | 0.94 |
| Correlation (NIFTY 50) | 0.84 | 0.88 | 0.89 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 17.02 | 3.03 | 1.42 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ITC Ltd. | 6.37 |
| NTPC Ltd. | 5.19 |
| ICICI Bank Ltd. | 5.08 |
| Bank of Baroda | 5.03 |
| Mahindra & Mahindra Ltd | 4.95 |
| Sun Pharmaceutical Industries Ltd. | 4.92 |
| Bharti Airtel Ltd. | 4.89 |
| State Bank of India | 4.79 |
| Axis Bank Ltd. | 4.60 |
| Eicher Motors Ltd | 4.32 |
Fund Manager
1) 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 Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 10.31 | 10.26 | 13.68 | 13.99 |
| 3 Year | 14.40 | 11.71 | — | — |
| 5 Year | 9.39 | 8.63 | — | — |
| 7 Year | 9.76 | 8.88 | — | — |
| 10 Year | — | — | — | — |
2) 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 50 Value 20 ETF | It’s Benchmark |
| 1 Year | 13.82 | 13.99 | 13.97 | 13.99 |
| 3 Year | 27.84 | 28.43 | 29.38 | 28.43 |
| 5 Year | 12.85 | 12.93 | 16.41 | 12.93 |
| 7 Year | 14.29 | 14.62 | 17.22 | 14.62 |
| 10 Year | 12.59 | 13.36 | — | — |
3) 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 S&P BSE Sensex ETF | It’s Benchmark |
| 1 Year | 28.51 | 26.40 | 15.25 | 13.99 |
| 3 Year | 36.69 | 36.33 | 27.56 | 28.43 |
| 5 Year | 11.17 | 11.92 | 13.38 | 12.93 |
| 7 Year | 15.15 | 15.56 | 14.72 | 14.62 |
| 10 Year | — | — | 13.05 | 13.36 |
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: http://www.camsonline.com
Guidance for Kotak Nifty 200 Momentum 30 Index Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
The scheme intends to provide returns on the performance of the top 30 companies within the Nifty 200. The benchmark index has provided 12.01% returns during last 5 years and 17.79% returns since inception. Top constituents by weightage show strong growth potential in the coming one year. The Benchmark index is currently available at reasonable valuation and indicates growth potential. Now lets analyse the past performance of the fund managers. The performance of the funds managed by these 3 FMs are okay and not disappointing. So you may invest small amount in this fund. Invest Online
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