April 5, 2025
mayank
Kotak Nifty Top 10 Equal Weight 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 Top 10 Equal Weight Index Fund Open Date, Close Date?
NFO opens on April 07, 2025
NFO will close on April 21, 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 | 07 April 2025 |
| Issue Close | 21 April 2025 |
| 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 Top 10 Equal Weight TRI |
About Benchmark Index for this NFO?
NSE Indices has developed the Nifty Top 10 Equal Weight Index which aims to track the performance of the top 10 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
Nifty Top 10 Equal Weight Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Top 10 Equal Weight Total Returns Index.
Portfolio Characteristics
| Methodology | Equal-Weighted |
| No. of Constituents | 10 |
| Launch Date | June 24, 2024 |
| Base Date | March 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Kotak Nifty Top 10 Equal Weight 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 Top 10 Equal Weight Index Fund @Sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty Top 10 Equal Weight TRI
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 0.38 | 0.38 | 8.71 | 21.08 | 12.42 |
| Total Return | 0.70 | 0.70 | 10.21 | 22.59 | 13.99 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.29 | 16.22 | 22.49 |
| Beta (NIFTY 50) | 0.89 | 0.97 | 1.02 |
| Correlation (NIFTY 50) | 0.94 | 0.96 | 0.97 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 21.32 | 3.89 | 1.35 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Larsen & Toubro Ltd. | 10.12 |
| HDFC Bank Ltd. | 10.09 |
| ICICI Bank Ltd. | 10.09 |
| Bharti Airtel Ltd. | 10.07 |
| Kotak Mahindra Bank Ltd. | 10.06 |
| ITC Ltd. | 10.06 |
| Reliance Industries Ltd. | 9.98 |
| Tata Consultancy Services Ltd | 9.92 |
| Axis Bank Ltd. | 9.91 |
| Infosys Ltd. | 9.70 |
Note on Benchmark Performance:
The Benchmark comprises of heavy weight companies like L&T, HDFC Bank, ICICI Bank, Bharti Airtel etc. The Benchmark has given 1 year return of 8.71% and 5 year return of 21.08%. In the current market scenario, the Index has generated good 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 | 2.91 | 5.02 | -0.25 | 3.76 |
| 3 Year | 9.41 | 12.17 | 10.93 | 13.04 |
| 5 Year | 24.36 | 25.96 | 25.64 | 27.50 |
| 7 Year | 13.50 | 13.99 | 16.84 | 14.20 |
| 10 Year | 11.33 | 12.30 | — | — |
As on 05-4-2025
Past Performance of Satish Dondapati
| Fund | Kotak BSE Sensex ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 2.50 | 5.02 | 2.91 | 5.02 |
| 3 Year | 8.60 | 12.17 | 9.41 | 12.17 |
| 5 Year | 23.31 | 25.96 | 24.36 | 25.96 |
| 7 Year | 13.53 | 13.99 | 13.50 | 13.99 |
| 10 Year | 11.35 | 12.30 | 11.33 | 12.30 |
As on 05-4-2025
Past Performance of Abhishek Bisen
| Fund | Kotak Equity Hybrid Fund | It’s Benchmark | Kotak Equity Savings Fund | It’s Benchmark |
| 1 Year | 7.26 | 4.75 | 6.32 | 6.04 |
| 3 Year | 12.73 | 12.30 | 11.01 | 9.34 |
| 5 Year | 25.27 | 21.99 | 14.94 | 13.95 |
| 7 Year | 14.33 | 12.79 | 10.42 | 9.60 |
| 10 Year | 13.04 | 11.94 | 9.75 | 8.91 |
As on 05-4-2025
Note on Fund Managers’ performance
The Fund is being managed by three Fund Managers – Mr. Devender Singhal, Mr. Satish Dondpatti and Mr. Abhishek Bisen. All the Fund Managers have a very good experience under their belt. If we look at the sample study of the other Funds managed by them it is not showing a satisfactory picture. However, one has to keep the current turbulent market conditions in mind also.
Secondly, since this is an Index Fund, stock picking does not come into play and hence the role of the Fund Manager is less to that extent.
[ C ] Conclusion
This Fund can be compared to the DSP Nifty Top 10 Equal Weight Index Fund launched in September 2024 and has given -3.29% return in the last six months.
Keeping all the parameters in mind, we recommend that a small investment can be done in this NFO as the weightage is more towards large cap bluechip stocks which should generate good returns if held for the long term.
Is it good to invest in Kotak Nifty Top 10 Equal Weight Index Fund NFO?
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