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Kotak Equity Arbitrage Fund Regular Plan


1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

Analyst's Choice?

Suitability:

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

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.77 0.00 0.05 0.52 1.25 2.55 6.24 6.18 6.41 7.13 7.40
CCIL T Bill Liquidity Weight 0.45 0.00 0.04 0.33 0.88 1.81 4.08 4.15 4.44 4.78 4.70
Hybrid: Arbitrage 0.77 -0.02 0.06 0.52 1.18 2.43 5.93 5.80 6.29 6.92 7.16
Rank within category 17 8 16 14 10 13 6 3 4 1 2
Number of funds in category 24 25 25 24 24 23 22 17 15 10 9

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.22 (16-Jan-2008 - 23-Jan-2008) -0.46 (22-Jan-2008 - 29-Jan-2008)
Month 1.89 (24-Dec-2007 - 23-Jan-2008) -0.01 (23-Feb-2010 - 25-Mar-2010)
Quarter 3.08 (25-Jan-2007 - 27-Apr-2007) 0.67 (15-Dec-2009 - 16-Mar-2010)
Year 10.80 (22-Jan-2007 - 22-Jan-2008) 3.97 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.99 0.49 0.66 1.11 0.46 1.06
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84
Rank within category 3 4 2 2 7 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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 112
Top 10 Holdings (%) 43.11
Top 5 Holdings (%) 29.20
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.16
Portfolio P/E Ratio 20.78

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
equal Axis Bank Term Deposits -- 0.00 - 7.69 7.53
up Kotak Liquid - Plan A - Direct Plan-Gr Mutual Fund -- 0.00 - 11.90 6.48
equal HDFC Bank Term Deposits -- 5.90 - 16.73 6.29
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 3.22 2.73
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 2.10 1.84
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.46 1.42
equal LIC Housing Fin. 356-D 20/08/2020 Commercial Paper A1+ 0.00 - 1.20 1.08
equal Tata Capital Financial Services 180-D 06/05/2020 Commercial Paper A1+ 0.00 - 0.84 0.83
equal Federal Bank Term Deposits -- 0.59 - 0.80 0.78
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 0.63 0.57
new Bajaj Finance 366-D 24/06/2020 Commercial Paper A1+ 0.00 - 0.55 0.55
equal LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 0.59 0.54
equal AU Small Finance Bank Term Deposits -- 0.28 - 0.42 0.28
equal IDFC First Bank Term Deposits -- 0.19 - 1.69 0.19
equal 7.60% Bajaj Finance 15/06/2020 Debenture AAA 0.00 - 0.14 0.14
new HDB Financial Services 364-D 06/05/2020 Commercial Paper A1+ 0.00 - 0.14 0.14
equal Equitas Small Finance Bank Term Deposits -- 0.14 - 0.42 0.14

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
down HDFC Financial 18.63 4.94 0.00 4.70
down Reliance Industries Energy 21.61 10.20 0.00 4.20
down ITC FMCG 16.80 3.42 0.01 3.19
up HDFC Bank Financial 25.37 4.18 0.00 2.95
up State Bank of India Financial 23.87 2.86 0.00 2.86
up ICICI Bank Financial 36.96 3.62 0.00 2.18
up Bharti Airtel Communication -- 2.06 0.00 2.06
up Sun Pharmaceutical Inds. Healthcare 24.51 3.18 0.07 2.02
down Larsen & Toubro Construction 18.40 2.01 0.00 1.94
down Axis Bank Financial 43.49 2.56 0.00 1.92
down Grasim Industries Construction 11.95 2.51 0.00 1.69
down Bajaj Finserv Financial 37.81 1.50 0.00 1.47
down Vedanta Metals 6.23 1.88 0.00 1.26
down BPCL Energy 12.81 1.94 0.00 1.10
up Hindalco Inds. Metals 9.99 1.00 0.02 0.93
down Tech Mahindra Technology 18.44 1.75 0.00 0.89
up Indusind Bank Financial 18.06 1.85 0.00 0.83
down Asian Paints Chemicals 66.43 2.65 0.00 0.80
down Bajaj Finance Financial 52.70 2.00 0.00 0.75
down Titan Company Cons Durable 78.06 2.25 0.01 0.74
down Hindustan Unilever FMCG 71.61 4.50 0.00 0.70
down United Spirits FMCG 70.36 1.51 0.13 0.68
up UPL Chemicals 38.73 3.05 0.10 0.68
down Dabur India FMCG 57.70 1.45 0.00 0.67
down Maruti Suzuki India Automobile 33.73 2.07 0.00 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-Jan-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:


0.00%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 27.8031

Dividend Monthly: ₹ 10.7287

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Dividend Fortnightly: ₹ 23.0453

Dividend Bimonthly: ₹ 20.0160


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: 29-Sep-2005
Return Since Launch: 7.37%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 17,856 Cr (As on 31-Jan-2020)
Expense: 0.98% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 295.92%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly11-Feb-20200.0492

 28-Jan-20200.0437
 14-Jan-20200.0531
 31-Dec-20190.0251
 17-Dec-20190.0379
 03-Dec-20190.0348
 19-Nov-20190.0303
 05-Nov-20190.0583
 23-Oct-20190.0293
 09-Oct-20190.0528
 24-Sep-20190.0398
 11-Sep-20190.0287
 27-Aug-20190.0280
 14-Aug-20190.0637
 30-Jul-20190.0548
 16-Jul-20190.0713
 02-Jul-20190.0387
 18-Jun-20190.0403
 04-Jun-20190.0785
 21-May-20190.0544
 07-May-20190.0522
 23-Apr-20190.0904
 09-Apr-20190.0349
 26-Mar-20190.0505
 12-Mar-20190.0436
Dividend Bimonthly28-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
 22-May-20170.1692
 27-Mar-20170.2033
 23-Jan-20170.1663
 21-Nov-20160.2109
 26-Sep-20160.2159
 25-Jul-20160.2425
 23-May-20160.1782
 28-Mar-20160.2254
 25-Jan-20160.2207
Dividend Monthly27-Jan-20200.0412

 23-Dec-20190.0338
 25-Nov-20190.0413
 29-Oct-20190.0376
 23-Sep-20190.0311
 26-Aug-20190.0601
 22-Jul-20190.0511
 24-Jun-20190.0551
 27-May-20190.0691
 24-Apr-20190.0593
 25-Mar-20190.0328
 25-Feb-20190.0359
 28-Jan-20190.0515
 24-Dec-20180.0367
 26-Nov-20180.0597
 22-Oct-20180.0605
 24-Sep-20180.0413
 27-Aug-20180.0441
 23-Jul-20180.0406
 25-Jun-20180.0452
 28-May-20180.0511
 23-Apr-20180.0490
 22-Mar-20180.1093
 19-Feb-20180.0574
 22-Jan-20180.0518

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: 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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