August 2, 2023
mayank
Kotak S&P BSE Housing Index Fund NFO, Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
NFO opens on August 07, 2023
NFO will close on August 21, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy of Kotak S&P BSE Housing Index Fund NFO
The scheme is seeks to replicate the composition of the S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 07 August 2023 |
| Issue Close | 21 August 2023 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | S&P BSE Housing TRI |
Benchmark Index of Kotak S&P BSE Housing Index Fund NFO
The S&P BSE Housing is designed to reflect companies included in the S&P BSE 250 Large MidCap Index that are classified in housing related industries, subject to a 5% weight cap per company.
| Quick Facts | |
| WEIGHTING METHOD | Capped |
| REBALANCING FREQUENCY | Semiannually in June and December |
| CALCULATION FREQUENCY | End of day |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | June 27, 2022 |
| FIRST VALUE DATE | December 16, 2016 |
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 2,646.1 | 5.15% | 18.18% | 16.11% | 20.18% | 27.76% | 11.77% | N/A |
| BENCHMARK* TOTAL RETURNS | 10,017.42 | 3.64% | 11.82% | 10.16% | 16.29% | 24.22% | 13.39% | 15.84% |
| PRICE RETURNS | 2,502.09 | 5% | 17.73% | 15.63% | 19.43% | 26.73% | 10.82% | N/A |
| BENCHMARK* PRICE RETURNS | 8,098.49 | 3.5% | 11.12% | 9.16% | 14.74% | 22.63% | 11.94% | 14.33% |
Calendar Year Performance
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
| TOTAL RETURNS | -6.5% | 38% | 21.78% | 3.87% | -12.55% | 58.22% | N/A | N/A | N/A | N/A |
| BENCHMARK* TOTAL RETURNS | 5.2% | 29.96% | 17.88% | 10.22% | 0.26% | 36.1% | 5.28% | 0.27% | 37.76% | 6.26% |
| PRICE RETURNS | -7.18% | 37.19% | 20.32% | 2.86% | -13.28% | 56.89% | N/A | N/A | N/A | N/A |
| BENCHMARK* PRICE RETURNS | 3.75% | 28.43% | 16.28% | 8.98% | -1.08% | 34.4% | 3.88% | -1.01% | 35.8% | 4.59% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 18.27% | 23.35% | N/A | 1.52 | 0.5 | N/A |
| BENCHMARK* STD DEV | 14.36% | 19.2% | 16.74% | 1.69 | 0.7 | 0.95 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 39.65 | 34.25 | 3.8 | 0.56% | 3.58 | -55.47 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 27 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 67,063.26 |
| LARGEST TOTAL MARKET CAP | 323,724.53 |
| SMALLEST TOTAL MARKET CAP | 18,463.68 |
| MEDIAN TOTAL MARKET CAP | 40,687.06 |
| WEIGHT LARGEST CONSTITUENT [%] | 5.2 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 49.6 |
Study about Benchmark Index in details
Fund Manager of Kotak S&P BSE Housing Index Fund NFO
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 ETF | It’s Benchmark | Kotak Nifty 50 Value 20 ETF | It’s Benchmark |
| 1 Year | 14.68 | 15.12 | 17.30 | 15.12 |
| 3 Year | 22.43 | 23.33 | 25.08 | 23.33 |
| 5 Year | 12.77 | 13.09 | 15.95 | 13.09 |
| 7 Year | 13.67 | 13.93 | 17.01 | 13.93 |
| 10 Year | 14.06 | 15.02 | — | — |
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 of Kotak S&P BSE Housing Index Fund NFO
| Fund | Kotak Nifty PSU Bank ETF | It’s Benchmark | Kotak S&P BSE Sensex ETF | It’s Benchmark |
| 1 Year | 62.56 | 18.76 | 15.38 | 15.12 |
| 3 Year | 48.69 | 28.48 | 21.92 | 23.33 |
| 5 Year | 7.39 | 11.20 | 13.10 | 13.09 |
| 7 Year | 7.09 | 13.78 | 14.15 | 13.93 |
| 10 Year | 7.51 | 16.77 | 14.22 | 15.02 |
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 Hybrid Fund | It’s Benchmark | Kotak Equity Savings Fund | It’s Benchmark |
| 1 Year | 14.90 | 14.00 | 11.66 | 10.38 |
| 3 Year | 22.83 | 19.77 | 11.63 | 10.41 |
| 5 Year | 13.41 | 12.06 | 8.69 | 8.62 |
| 7 Year | 12.31 | 12.67 | 8.85 | 8.60 |
| 10 Year | 13.70 | 13.26 | — | — |
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
Guidance for Kotak S&P BSE Housing Index Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
The scheme is seeks to replicate the composition of the S&P BSE Housing Index. Which type of companies are part of this Index, you ask. Companies engaged in manufacturing of construction material, construction companies, housing finance companies, capital goods companies and some consumer discretionary companies. The Index has a total of 27 companies and hence the fund (Kotak S&P BSE Housing Index Fund) will also be investing in the same 27 companies.
Some of the examples of the companies include HDFC, Asian Paints, Astral, Ultratech Cement, DLF, Grasim etc.
With the uptick in Indian economy, housing demand is expected to rise exponentially both in tier-1 and tier-2 cities. Simultaneously , there will be a huge demand for housing finance , cement and other material required in construction.
The Kotak S&P BSE Housing Index Fund can be compared directly to the very recently launched UTI S&P BSE Housing Index Fund (launched in June 2023). This fund currently has a very small AUM of Rs. 10 crores. Since it is not even three months since the fund was launched, it is not possible to take a judgement on fund performance.
One can invest in the Kotak S&P BSE Housing Index Fund for a period of 1-2 years and after that review your investment based on the economic scenario.
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com