March 1, 2025
mayank
Kotak Nifty Midcap 150 Index Fund 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 Nifty Midcap 150 Index Fund Open Date, Close Date?
NFO opens on March 03, 2025
NFO will close on March 17, 2025
Investment Strategy for this NFO?
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 | 03 March 2025 |
| Issue Close | 17 March 2025 |
| 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 TRI |
About Benchmark Index for this NFO?
Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500. This index intends to measure the performance of mid market capitalisation companies.
Nifty Midcap 150 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 150 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 150 Total Returns Index
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 150 |
| Launch Date | April 01, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Kotak Nifty Midcap 150 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 ).
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 Nifty Midcap 150 Index Fund @ Sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY Midcap 150 TRI
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -16.04 | -16.04 | -0.45 | 23.11 | 15.53 |
| Total Return | -15.95 | -15.95 | 0.07 | 24.08 | 16.90 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.21 | 19.58 | 21.07 |
| Beta (NIFTY 50) | 1.08 | 0.86 | 0.84 |
| Correlation (NIFTY 50) | 0.78 | 0.84 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 33.44 | 4.65 | 0.87 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Max Healthcare Institute Ltd. | 2.53 |
| Indian Hotels Co. Ltd. | 2.19 |
| BSE Ltd. | 2.19 |
| Suzlon Energy Ltd. | 2.05 |
| Persistent Systems Ltd. | 1.95 |
| Dixon Technologies (India) Ltd. | 1.85 |
| Coforge Ltd. | 1.71 |
| PB Fintech Ltd. | 1.68 |
| Lupin Ltd. | 1.60 |
| Federal Bank Ltd. | 1.51 |
Note on Benchmark Performance:
The scheme seeks to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index.
Nifty Midcap 150 index represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500. This index intends to measure the performance of mid market capitalisation companies. Since inception, during last 5 years and also during last one year the index has provided impressive returns.
[ B ] Performance Review of the Fund Managers of this NF
Past Performance of Devender Singhal
| Fund | Kotak Nifty 50 ETF | It’s Benchmark | Kotak Nifty 50 Value 20 ETF | It’s Benchmark |
| 1 Year | 1.83 | 1.49 | -0.73 | -0.41 |
| 3 Year | 10.79 | 11.97 | 13.25 | 12.64 |
| 5 Year | 15.72 | 16.81 | 20.49 | 17.90 |
| 7 Year | 12.40 | 12.76 | 15.80 | 12.83 |
| 10 Year | 10.65 | 11.31 | — | — |
As on 1-3-2025
Past Performance of Satish Dondapati
| Fund | Kotak BSE Sensex ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 1.92 | 1.49 | 1.83 | 1.49 |
| 3 Year | 10.26 | 11.97 | 10.79 | 11.97 |
| 5 Year | 14.88 | 16.81 | 15.72 | 16.81 |
| 7 Year | 12.52 | 12.76 | 12.40 | 12.76 |
| 10 Year | 10.69 | 11.31 | 10.65 | 11.31 |
As on 1-3-2025
Past Performance of Abhishek Bisen
| Fund | Kotak Equity Hybrid Fund | It’s Benchmark | Kotak Equity Savings Fund | It’s Benchmark |
| 1 Year | 6.25 | 1.09 | 5.34 | 3.80 |
| 3 Year | 13.11 | 11.46 | 10.65 | 8.79 |
| 5 Year | 17.38 | 15.29 | 11.47 | 10.51 |
| 7 Year | 13.53 | 11.71 | 9.93 | 8.99 |
| 10 Year | 12.55 | 11.08 | 9.57 | 8.39 |
As on 1-3-2025
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. This NFO will have 3 fund managers and performance of Shri Abhishek Bisen is quite impressive whereas the past performance of Shri Devender Singhal and Satish Dondapati in two funds selected on random basis is not quite impressive and both the schemes have underperformed their respective benchmark index.
[ C ] Conclusion
Considering the current market conditions and the high price-to-earnings ratios, there is still potential for downside in both large-cap and mid-cap stocks. Even after a significant market correction, many stocks continue to trade at elevated PE multiples, ranging from 40 to 60. While opinions on the valuation of individual stocks may differ, we believe it is wise to hold off on investing in this new fund offer (NFO) until market conditions stabilize. Alternatively, consider making a small investment now and gradually increasing your exposure once the market settles.
Is it good to invest in Kotak Nifty Midcap 150 Index Fund NFO?
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