January 16, 2023
mayank
Guidance for NFO of Kotak Nifty 1D Rate Liquid ETF
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of Kotak Nifty 1D Rate Liquid ETF
NFO opens on January 18,2022
NFO will close on January 23 ,2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to invest in Triparty repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, closely correspond to the returns of the NIFTY 1D Rate Index, subject to tracking difference.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 18 January 2023 |
| Issue Close | 23 January 2023 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
About Benchmark Index
The overnight market in India is one of the most active components of the money market. The objective of NIFTY 1D Rate index is to measure the returns generated by market participants lending in the overnight market.
The index uses the overnight rate provided through “Triparty Repo Dealing System (TREPS)” for computation of index values.
| Portfolio Characteristics | |
| Launch Date | June 23, 2016 |
| Base Date | January 03, 2011 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
Statistics
| QTD | YTD | 1 Year | 5 Years | Since Inception | |
| Returns (%) # | 1.50 | 4.76 | 4.76 | 4.67 | 6.30 |
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 Equity Savings Fund – Regular Plan | It’s Benchmark | Kotak Gilt Investment – Regular Plan | It’s Benchmark |
| 1 Year | 5.15 | 2.35 | 2.99 | 4.31 |
| 3 Year | 9.27 | 8.25 | 6.02 | 6.03 |
| 5 Year | 7.94 | 8.07 | 7.05 | 7.64 |
| 7 Year | 8.80 | 8.91 | 7.36 | 7.94 |
| 10 Year | — | — | 7.11 | 8.03 |
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
| Fund | Kotak Nifty 50 ETF | It’s Benchmark | Kotak Nifty Bank ETF | It’s Benchmark |
| 1 Year | -0.50 | -0.02 | 10.70 | 10.45 |
| 3 Year | 14.40 | 15.28 | 9.21 | 9.89 |
| 5 Year | 12.10 | 11.73 | 10.34 | 10.98 |
| 7 Year | 14.14 | 14.63 | 15.15 | 15.62 |
| 10 Year | 12.60 | 13.25 | — | — |
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