February 9, 2024
mayank
Kotak Technology Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
What is the Kotak Technology Fund Open Date, Close Date?
NFO opens on February 12, 2024
NFO will close on February 26, 2024
What is the Investment Strategy?
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of Technology & technology related sectors.
Basic Details of Kotak Technology Fund?
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 12 February 2024 |
| Issue Close | 26 February 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Technology |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 30 days |
| Riskometer | Very High |
| Benchmark | S&P BSE Teck TRI |
What is the Benchmark Index of Kotak Technology Fund?
The S&P BSE TECk index comprises constituents of the S&P BSE 500 that are classified as members of the media & publishing, information technology & telecommunications sectors as defined by the BSE industry classification system.
Index Attributes:
The S&P BSE TECk index is designed to measure the performance of companies in the media & publishing, information technology & telecommunications sectors. Calculated using a float-adjusted market-cap-weighted methodology, the index has more than 10 years of history.
Quick Facts
| WEIGHTING METHOD | Float-adjusted market cap weighted |
| REBALANCING FREQUENCY | Semiannually in June and December |
| CALCULATION FREQUENCY | Real time |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | July 11, 2001 |
| FIRST VALUE DATE | January 31, 2000 |
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 21,752.05 | 4.54% | 19.37% | 4.54% | 24.21% | 15.47% | 19.29% | 14.45% |
| BENCHMARK* TOTAL RETURNS | 39,427.28 | 1.92% | 17.88% | 1.92% | 33.42% | 21.87% | 18.49% | 16.85% |
| PRICE RETURNS | 16,639.3 | 4.4% | 19.14% | 4.4% | 21.89% | 13.5% | 17.21% | 12.4% |
| BENCHMARK* PRICE RETURNS | 31,303.35 | 1.9% | 17.66% | 1.9% | 31.65% | 20.31% | 16.99% | 15.36% |
Calendar Year Performance
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
| TOTAL RETURNS | 21.11% | -17.75% | 51.7% | 46.54% | 11.12% | 12.42% | 18.82% | -7.58% | 5.4% | 17.97% |
| BENCHMARK* TOTAL RETURNS | 26.55% | 4.77% | 31.63% | 18.41% | 8.98% | -1.81% | 37.6% | 5.15% | 0.45% | 38.93% |
| PRICE RETURNS | 18.82% | -19.28% | 49.68% | 43.84% | 9.22% | 10.27% | 16.55% | -9.16% | 3.61% | 15.65% |
| BENCHMARK* PRICE RETURNS | 24.85% | 3.34% | 30.11% | 16.8% | 7.75% | -3.08% | 35.94% | 3.78% | -0.82% | 36.96% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 17.8% | 19.12% | 17.31% | 0.87 | 1.01 | 0.83 |
| BENCHMARK* STD DEV | 13.68% | 19.21% | 16.88% | 1.6 | 0.96 | 1 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 38.08 | 35.31 | 8.54 | 1.68% | 4.37 | 21.95 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 26 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 163,579.84 |
| LARGEST TOTAL MARKET CAP | 1,395,836.48 |
| SMALLEST TOTAL MARKET CAP | 5,745.7 |
| MEDIAN TOTAL MARKET CAP | 42,921.9 |
| WEIGHT LARGEST CONSTITUENT [%] | 31.2 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 92.4 |
Performance Review of the Fund Managers of Kotak Technology Fund?
1) Shibani Sircar Kurian
Education: Ms. Kurian has done PGDM (Specialization in Finance), BSc (Hons)-Economics
Experience: Prior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
Past Performance of his Schemes
2) 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 Multicap Fund | It’s Benchmark |
| 1 Year | 18.06 | 13.97 | 54.22 | 33.91 |
| 3 Year | 11.41 | 8.69 | — | — |
| 5 Year | 10.78 | 9.64 | — | — |
| 7 Year | 9.88 | 9.14 | — | — |
| 10 Year | — | — | — | — |
Which Company Owns Kotak Technology Fund?
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
Is it good to invest in Kotak Technology Fund NFO?
Guidance for Kotak Technology Fund by Paresh Gordhandas, C.A., Research Analyst.
The Kotak Technology Fund is based on the S&P BSE TECk index. The Index comprises of 26 companies spanning media and publishing, information technology and telecommunications sector. Some of the companies on this Index include Bharti Airtel, CoForge, Network 18, HCL Tech, Sterlite Techno, Persistent Systems etc.
While analyzing a fund/NFO the stock picking skills of the Fund Manager also need to be taken into consideration. We have done a sample comparison of the funds managed by the Fund Managers(FM). You can refer the tables above for the same. When you are investing your funds in a mutual fund, the funds are being managed by a professional and hence you expect that the returns generated will be higher than the benchmark. The sample study done shows that Mr. Abhishek Bisen has generated good returns on the funds managed by him.
Keeping in mind the strong growth potential of this sector, one can invest in this NFO.
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