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5 star

Kotak Equity Arbitrage Fund Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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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(₹)
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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 3.22 0.09 0.12 0.31 0.79 1.89 3.96 4.87 5.40 5.91 6.88
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 3.61 4.04 4.52
Hybrid: Arbitrage 2.77 0.06 0.08 0.24 0.67 1.64 3.39 4.49 5.00 5.74 6.64
Rank within category 2 3 5 3 4 2 1 5 2 3 3
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 22-Oct-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 Regular Plan  | Invest Online
5 star
Sep-05 3.96 4.87 5.40 1.01% 25,000
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.88 4.81 5.27 0.99% 8,675
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.79 4.93 5.39 1.10% 6,206
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.87 4.91 5.36 0.93% 6,184
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
Jun-14 3.77 4.92 5.39 1.04% 5,572

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.22 16-Jan-2008 - 23-Jan-2008 -0.54 29-May-2020 - 05-Jun-2020
Month 1.89 24-Dec-2007 - 23-Jan-2008 -0.25 29-May-2020 - 29-Jun-2020
Quarter 3.08 25-Jan-2007 - 27-Apr-2007 -0.02 29-May-2020 - 28-Aug-2020
Year 10.80 22-Jan-2007 - 22-Jan-2008 3.04 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.86 0.79 1.16 1.60 0.86 1.44
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Hybrid: Arbitrage 4.49 0.81 0.70 1.02 0.87 1.08
Rank within category 6 7 4 6 9 6
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-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 160
Top 10 Holdings (%) 39.38
Top 5 Holdings (%) 31.53
Top 3 Sectors (%) 0.19
Portfolio P/B Ratio 2.69
Portfolio P/E Ratio 18.47
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 -- 14.89 - 19.62 14.89
equal Kotak Money Market Fund Direct-G Mutual Fund -- 4.89 - 9.75 9.75

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 Steel Metals 7.50 3.91 0.00 2.77
down Adani Ports and Special Economic Zone Services 28.06 2.99 0.24 2.11
down Bharti Airtel Communication 360.64 5.11 0.00 2.01
up Tata Consultancy Services Technology 35.39 3.77 0.00 1.85
down ICICI Bank Financial 26.31 4.31 0.00 1.64
down JSW Steel Metals 8.09 1.77 0.11 1.47
up ITC FMCG 20.93 3.42 0.00 1.45
up Adani Enterprises Services 145.68 1.44 0.08 1.44
up UPL Chemicals 17.96 2.10 0.22 1.24
up Piramal Enterprises Healthcare 44.91 1.12 0.00 1.12
down Sun Pharmaceutical Industries Healthcare 32.54 3.12 0.16 1.03
down Bharat Petroleum Corporation Energy 5.71 1.94 0.00 0.95
up Reliance Industries Ltd - Partly Paid Equity Energy -- 0.94
up Tata Power Company Energy 54.11 0.98 0.00 0.92
down Tata Motors Automobile -- 1.67 0.00 0.92
down Grasim Industries Construction 19.83 2.51 0.65 0.91
down HCL Technologies Technology 28.09 1.75 0.01 0.86
up Axis Bank Financial 29.64 3.04 0.00 0.83
up Zee Entertainment Services 30.11 0.83 0.00 0.83
up Coal India Energy 7.90 1.12 0.00 0.82
up GAIL Energy 8.76 1.20 0.00 0.81
up Tech Mahindra Technology 30.62 1.75 0.05 0.77
down United Spirits FMCG 89.12 1.51 0.14 0.77
down Maruti Suzuki India Automobile 43.62 2.53 0.00 0.72
up Tata Consumer Products FMCG 101.09 0.98 0.00 0.70

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 30-Sep-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:


0.09%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 29.7130

IDCW Monthly: ₹ 10.7183


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: 29-Sep-2005
Return Since Launch: 7.01%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 25,000 Cr (As on 30-Sep-2021)
Expense: 1.01% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 430.51%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly27-Sep-20210.0350

 23-Aug-20210.0337
 26-Jul-20210.0356
 21-Jun-20210.0461
 24-May-20210.0212
 26-Apr-20210.0670
 22-Mar-20210.0205
 22-Feb-20210.0251
 25-Jan-20210.0256
 28-Dec-20200.0317
 23-Nov-20200.0438
 26-Oct-20200.0355
 21-Sep-20200.0312
 24-Aug-20200.0204
 27-Jul-20200.0097
 22-Jun-20200.0280
 26-May-20200.0541
 27-Apr-20200.0344
 23-Mar-20200.0737
 24-Feb-20200.0416
 27-Jan-20200.0412
 23-Dec-20190.0338
 25-Nov-20190.0413
 29-Oct-20190.0376
 23-Sep-20190.0311
IDCW Fortnightly24-Aug-20210.0374

 10-Aug-20210.0276
 27-Jul-20210.0441
 13-Jul-20210.0464
 29-Jun-20210.0478
 15-Jun-20210.0253
 01-Jun-20210.0735
 18-May-20210.0282
 04-May-20210.0176
 20-Apr-20210.0495
 06-Apr-20210.0588
 23-Mar-20210.0393
 09-Mar-20210.0063
 23-Feb-20210.0648
 09-Feb-20210.0159
 27-Jan-20210.0271
 12-Jan-20210.0553
 29-Dec-20200.0255
 15-Dec-20200.0158
 02-Dec-20200.0205
 18-Nov-20200.0225
 03-Nov-20200.0578
 20-Oct-20200.0316
 06-Oct-20200.0084
 22-Sep-20200.0545
IDCW Bimonthly27-Jul-20210.1659

 25-May-20210.1649
 23-Mar-20210.0851
 27-Jan-20210.1071
 24-Nov-20200.1481
 22-Sep-20200.0964
 28-Jul-20200.0707
 27-May-20200.1520
 24-Mar-20200.2157
 28-Jan-20200.1401
 26-Nov-20190.1647
 24-Sep-20190.1643
 23-Jul-20190.1991
 28-May-20190.2404
 26-Mar-20190.1287
 29-Jan-20190.1653
 27-Nov-20180.2253
 25-Sep-20180.1680
 24-Jul-20180.1821
 29-May-20180.1892
 23-Mar-20180.1975
 23-Jan-20180.1815
 28-Nov-20170.1990
 26-Sep-20170.2114
 25-Jul-20170.2164

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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