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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
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.93 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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(₹)
cal
cal

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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 3.70 0.08 0.11 0.44 0.80 2.12 5.31 6.32 6.49 7.36 --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 4.19 4.68 --
Hybrid: Arbitrage 3.34 0.07 0.11 0.40 0.72 1.79 4.87 5.98 6.39 7.12 --
Rank within category 10 9 14 6 10 11 10 8 6 1 --
Number of funds in category 24 27 27 26 25 25 24 17 15 9 0

As on 18-Sep-2020

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
5 star
 Jan-13 5.31 6.32 6.49 0.45 15,000
Nippon India Arbitrage Fund - Direct Plan
4 star
 Jan-13 5.46 6.64 6.66 0.35 7,384
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 5.28 6.30 6.45 0.32 4,099
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Jun-14 5.78 6.57 6.71 0.37 3,501
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 5.35 6.33 6.44 0.41 2,998

Best & Worst Performance

Best (Period) Worst (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) 5.15 (03-Sep-2019 - 02-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.16 0.76 1.34 1.65 0.70 1.84
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Hybrid: Arbitrage 5.84 0.92 1.05 1.43 0.76 1.59
Rank within category 9 8 10 10 11 7
Number of funds in category 17 17 17 17 17 17

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

As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 122
Top 10 Holdings (%) 49.60
Top 5 Holdings (%) 35.94
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.09
Portfolio P/E Ratio 19.48

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
up Kotak Liquid - Plan A - Direct Plan-Gr Mutual Fund -- 0.00 - 9.61 9.22
equal Axis Bank Term Deposits -- 3.79 - 12.90 8.63
equal HDFC Bank Term Deposits -- 5.90 - 11.13 7.80
equal Federal Bank Term Deposits -- 0.63 - 1.65 0.91
equal AU Small Finance Bank Term Deposits -- 0.28 - 0.47 0.33

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 Reliance Industries Energy 36.70 10.20 0.00 5.29
down HDFC Financial 14.08 6.96 0.02 5.00
up Infosys Technology 25.08 5.39 0.00 3.33
down Bharti Airtel Communication -- 5.11 0.00 3.05
down ICICI Bank Financial 25.08 4.31 0.00 2.70
down Hindustan Unilever FMCG 71.98 4.50 0.00 2.37
up Tata Consultancy Services Technology 29.46 3.77 0.00 2.20
up State Bank of India Financial 7.96 3.41 0.00 2.19
up ITC FMCG 15.25 3.42 0.00 1.72
up Dr. Reddy's Lab Healthcare 45.55 1.44 0.14 1.44
down Axis Bank Financial 80.21 2.68 0.00 1.28
up Cipla Healthcare 39.52 1.34 0.00 1.20
down JSW Steel Metals 28.48 1.71 0.03 1.17
down Larsen & Toubro Construction 15.08 2.01 0.00 1.10
up Indian Oil Corp. Energy -- 0.96 0.00 0.96
up SBI Life Insurance Company Financial 58.84 1.01 0.00 0.94
up Sun Pharmaceutical Inds. Healthcare 173.92 3.18 0.12 0.89
up Wipro Technology 18.60 1.44 0.00 0.86
down Grasim Industries Construction 14.31 2.51 0.03 0.79
up Vedanta Metals -- 1.67 0.16 0.77
down Adani Ports and Special Economic Zone Services 20.77 2.29 0.00 0.76
down Aurobindo Pharma Healthcare 16.31 1.68 0.09 0.74
up Dabur India FMCG 63.05 1.45 0.10 0.72
down Tata Consumer Products FMCG 98.23 0.89 0.00 0.71
up Bajaj Finserv Financial 25.07 1.50 0.11 0.67

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-Aug-2020

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 Edelweiss Asset Management Limited (since July 2011) he was associated with Edelweiss Securities Limited as Low Risk Arbitrage Trader for over three years.

Funds Managed:

Invest Online
0.08%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 29.6129

Dividend Monthly: ₹ 11.2082

More

Dividend Fortnightly: ₹ 23.5214

Dividend Bimonthly: ₹ 20.2530

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
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: 7.49%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 15,000 Cr (As on 31-Aug-2020)
Expense: 0.45% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 384.45%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly08-Sep-20200.0428

 25-Aug-20200.0427
 28-Jul-20200.0369
 14-Jul-20200.0100
 30-Jun-20200.0445
 16-Jun-20200.0104
 02-Jun-20200.0638
 19-May-20200.0499
 05-May-20200.0755
 21-Apr-20200.0894
 08-Apr-20200.0100
 24-Mar-20200.0649
 11-Mar-20200.0467
 25-Feb-20200.0462
 11-Feb-20200.0544
 28-Jan-20200.0489
 14-Jan-20200.0585
 31-Dec-20190.0300
 17-Dec-20190.0429
 03-Dec-20190.0399
 19-Nov-20190.0352
 05-Nov-20190.0635
 23-Oct-20190.0345
 09-Oct-20190.0578
 24-Sep-20190.0449
Dividend Monthly24-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
 23-Sep-20190.0311
 26-Aug-20190.0601
 22-Jul-20190.0511
 24-Jun-20190.1682
 25-Mar-20190.0372
 25-Feb-20190.0404
 28-Jan-20190.0576
 24-Dec-20180.0416
 26-Nov-20180.0662
 22-Oct-20180.0659
 24-Sep-20180.0451
 27-Aug-20180.0497
 23-Jul-20180.0453
 25-Jun-20180.0499
 28-May-20180.0568
Dividend Bimonthly28-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
 22-May-20170.1857
 27-Mar-20170.2230
 23-Jan-20170.1850
 21-Nov-20160.2284
 26-Sep-20160.2360
 25-Jul-20160.2629

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: http://www.kotakmutual.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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