January 24, 2023
mayank
Guidance for NFO of Kotak Banking & Financial Services Fund
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of Kotak Banking & Financial Services Fund
NFO opens on February 06 ,2023
NFO will close on February 20 ,2023
(Our detailed Guidance is given at the bottom of the Page)
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 companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 06 February 2023 |
| Issue Close | 20 February 2023 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | |
| Riskometer | Very High |
| Benchmark | NIFTY Financial Services TRI |
About Benchmark Index
The Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies. The Nifty Finance Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE).
NIFTY Financial Services 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 Financial Services 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 Financial Services Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 8.42 | 9.52 | 9.52 | 12.62 | 16.75 |
| Total Return | 8.43 | 10.47 | 10.47 | 13.27 | 18.04 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.78 | 25.29 | 28.50 |
| Beta (NIFTY 50) | 1.11 | 1.20 | 1.16 |
| Correlation (NIFTY 50) | 0.92 | 0.92 | 0.91 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 19.08 | 3.67 | 0.77 |
Fund Manager
1) Shibani 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
| Fund | Kotak Focused Equity Fund – Regular Plan | It’s Benchmark |
| 1 Year | -1.33 | 3.12 |
| 3 Year | 13.94 | 17.01 |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
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 Bond Fund – Regular Plan | It’s Benchmark | Kotak Debt Hybrid Fund – Regular Plan | It’s Benchmark |
| 1 Year | 2.34 | 4.31 | 4.13 | 4.24 |
| 3 Year | 5.39 | 4.53 | 10.25 | 8.50 |
| 5 Year | 6.32 | 5.61 | 8.27 | 7.86 |
| 7 Year | 6.67 | 6.02 | 9.54 | 9.03 |
| 10 Year | 6.63 | 6.55 | 9.32 | 8.70 |
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