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Kotak Equity Arbitrage Fund - Direct Plan

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 Lakh

Suitability:

"Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.

They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.

The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.

Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.31 0.01 -0.05 0.34 1.04 2.26 4.79 5.41 5.88 6.41 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Hybrid: Arbitrage 3.82 0.01 -0.05 0.30 0.90 2.03 4.29 5.07 5.54 6.30 --
Rank within category 2 14 15 9 6 5 3 6 5 5 --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
3 star
 Jan-13 4.79 5.41 5.88 0.43% 24,430
Nippon India Arbitrage Fund - Direct Plan
5 star
 Jan-13 4.76 5.55 6.07 0.34% 12,136
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.79 5.41 5.85 0.31% 8,942
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.72 5.43 5.84 0.35% 6,067
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Jun-14 4.81 5.65 6.06 0.39% 6,017

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.61 25-Mar-2020 - 01-Apr-2020 -0.53 29-May-2020 - 05-Jun-2020
Month 1.14 19-May-2014 - 18-Jun-2014 -0.21 29-May-2020 - 29-Jun-2020
Quarter 2.91 14-Nov-2013 - 13-Feb-2014 0.12 29-May-2020 - 28-Aug-2020
Year 10.71 22-Aug-2013 - 22-Aug-2014 3.63 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.28 0.77 1.94 2.62 0.77 1.96
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Hybrid: Arbitrage 4.95 0.79 1.49 2.21 0.79 1.64
Rank within category 7 7 5 9 6 7
Number of funds in category 19 19 19 19 19 19

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 170
Top 10 Holdings (%) 39.47
Top 5 Holdings (%) 31.30
Top 3 Sectors (%) 8.40
Portfolio P/B Ratio 2.94
Portfolio P/E Ratio 18.99
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Kotak Liquid - Plan A - Direct Plan-Gr Mutual Fund -- 14.25 - 19.62 14.25
equal Kotak Money Market Fund Direct-G Mutual Fund -- 4.90 - 10.00 10.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Tata Consultancy Services Technology 36.81 3.77 0.00 3.00
down Tata Steel Metals 4.38 3.91 0.00 2.12
up HCL Technologies Technology 27.55 1.93 0.01 1.93
down Adani Ports and Special Economic Zone Services 29.48 2.99 0.24 1.90
up Hindustan Unilever FMCG 65.71 4.50 0.04 1.78
up ITC FMCG 19.14 3.42 0.00 1.70
up Titan Company Consumer Durable 120.35 1.41 0.00 1.41
down JSW Steel Metals 7.84 1.77 0.20 1.38
up UPL Chemicals 17.21 2.10 0.22 1.36
up Vedanta Metals 6.75 2.18 0.00 1.24
down Adani Enterprises Services 185.16 1.44 0.08 1.23
up State Bank of India Financial 14.74 3.41 0.34 1.20
up Reliance Industries Energy 31.17 10.20 0.00 1.14
up Reliance Industries Ltd - Partly Paid Equity Energy -- 1.07
up United Spirits FMCG 77.06 1.51 0.14 1.07
up Zee Entertainment Services 28.99 1.02 0.00 1.02
up SBI Life Insurance Company Insurance 94.36 1.01 0.00 0.92
up DLF Construction 57.87 0.98 0.00 0.90
down Bharti Airtel Communication 139.49 5.11 0.00 0.87
up HDFC Life Insurance Insurance 123.96 1.17 0.00 0.84
down Piramal Enterprises Healthcare 51.68 1.12 0.00 0.77
down Grasim Industries Construction 18.36 2.51 0.65 0.77
up Indusind Bank Financial 18.79 1.85 0.00 0.77
up Ultratech Cement Construction 33.27 1.91 0.00 0.71
up The Federal Bank Financial 10.52 0.68 0.00 0.68

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Hiten Shah since 03-Oct-2019

Education: Mr. Shah is a Masters in Management Studies (Finance) from Mumbai University.

Experience: Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a CoFund manager and Chief dealer in equities segment. He was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than 3 years.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 31.2506

IDCW Monthly: ₹ 11.2072

Investment Strategy

The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.09%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 24,430 Cr (As on 31-Oct-2021)
Expense: 0.43% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 448.87%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly22-Nov-20210.0517

 25-Oct-20210.0108
 27-Sep-20210.0427
 23-Aug-20210.0401
 26-Jul-20210.0422
 21-Jun-20210.0529
 24-May-20210.0272
 26-Apr-20210.0763
 22-Mar-20210.0266
 22-Feb-20210.0313
 25-Jan-20210.0317
 28-Dec-20200.0392
 23-Nov-20200.0507
 26-Oct-20200.0431
 21-Sep-20200.0375
 24-Aug-20200.0260
 27-Jul-20200.0160
 22-Jun-20200.0337
 26-May-20200.0613
 27-Apr-20200.0344
 23-Mar-20200.0812
 24-Feb-20200.0475
 27-Jan-20200.0227
 25-Nov-20190.0073
 29-Oct-20190.0376
IDCW Fortnightly24-Aug-20210.0434

 10-Aug-20210.0333
 27-Jul-20210.0441
 13-Jul-20210.0526
 29-Jun-20210.0539
 15-Jun-20210.0310
 01-Jun-20210.0802
 18-May-20210.0339
 04-May-20210.0232
 20-Apr-20210.0559
 06-Apr-20210.0653
 23-Mar-20210.0454
 09-Mar-20210.0119
 23-Feb-20210.0714
 09-Feb-20210.0217
 27-Jan-20210.0331
 12-Jan-20210.0615
 29-Dec-20200.0312
 15-Dec-20200.0209
 02-Dec-20200.0260
 18-Nov-20200.0284
 03-Nov-20200.0642
 20-Oct-20200.0373
 06-Oct-20200.0137
 22-Sep-20200.0608
IDCW Bimonthly27-Jul-20210.1854

 25-May-20210.1869
 23-Mar-20210.1044
 27-Jan-20210.1327
 24-Nov-20200.1693
 22-Sep-20200.1146
 28-Jul-20200.0900
 27-May-20200.1727
 24-Mar-20200.2327
 28-Jan-20200.1582
 26-Nov-20190.1826
 24-Sep-20190.1791
 23-Jul-20190.2143
 28-May-20190.2576
 26-Mar-20190.1429
 29-Jan-20190.1824
 27-Nov-20180.2429
 25-Sep-20180.1843
 24-Jul-20180.1968
 29-May-20180.2071
 23-Mar-20180.2148
 23-Jan-20180.1979
 28-Nov-20170.2171
 26-Sep-20170.2300
 25-Jul-20170.2353

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

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

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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