March 3, 2023
mayank
Guidance for Kotak Silver ETF FoF NFO
by Paresh Gordhandas, C.A., Research Analyst
The fund is expected to provide returns in accordance with the price of Silver. After showing strong uptrend since March 2020, the price of Gold and Silver are expected to show downtrend and weakness. Moreover, steady rise in Interest rates in USA is also impacting the uptrend in Gold, Silver, Crude etc. So, this NFO may not provide good returns in the short term/for few years. However, the fund may provide reasonable returns in the long term.
Kotak Silver ETF FoF NFO
NFO opens on March 13, 2023
NFO will close on March 21, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate returns by investing in units of Kotak Silver ETF.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 13 March 2023 |
| Issue Close | 27 March 2023 |
| Type | Open-ended |
| Category | Commodities: Silver |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | Domestic Price of Silver |
About Benchmark Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
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 Bond Fund – Regular Plan | It’s Benchmark | Kotak Bond Fund – Regular Plan | It’s Benchmark |
| 1 Year | 2.26 | 4.09 | 5.24 | 4.67 |
| 3 Year | 4.52 | 4.09 | 10.11 | 8.60 |
| 5 Year | 6.63 | 5.76 | 8.61 | 7.98 |
| 7 Year | 6.67 | 6.02 | 9.45 | 8.77 |
| 10 Year | 6.63 | 6.51 | 9.29 | 8.64 |
2) Jeetu Valechha Sonar
Education: Nil
Experience: Nil
Past Performance of his Schemes
| Fund | Kotak Gold Fund Regular Plan | It’s Benchmark | Kotak Silver ETF | It’s Benchmark |
| 1 Year | 7.87 | 9.66 | — | — |
| 3 Year | 8.59 | 9.45 | — | — |
| 5 Year | 12.09 | 13.01 | — | — |
| 7 Year | 8.90 | 9.10 | — | — |
| 10 Year | 5.17 | 6.56 | — | — |
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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com