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5 star

Kotak Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.71 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years."

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

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 14.54 -0.17 -0.64 0.74 5.14 11.20 23.36 15.83 -- -- --
VR Balanced TRI 26.60 -0.30 -1.07 2.83 12.98 23.15 45.62 20.01 -- -- --
Hybrid: Dynamic Asset Allocation 17.31 -0.17 -0.92 1.42 6.11 13.87 28.26 13.78 -- -- --
Rank within category 17 16 8 20 17 20 17 4 -- -- --
Number of funds in category 25 27 27 27 26 26 25 17 12 10 0

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 Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 23.36 15.83 -- 0.46% 11,286
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 27.94 15.28 12.01 1.00% 35,737
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 35.63 19.92 14.88 0.42% 5,845
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 31.49 15.34 11.73 0.61% 5,485
Nippon India Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 31.31 15.02 12.01 0.61% 4,799

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.74 24-Mar-2020 - 31-Mar-2020 -13.98 16-Mar-2020 - 23-Mar-2020
Month 16.05 23-Mar-2020 - 22-Apr-2020 -26.07 20-Feb-2020 - 23-Mar-2020
Quarter 28.55 23-Mar-2020 - 22-Jun-2020 -24.99 23-Dec-2019 - 23-Mar-2020
Year 58.64 23-Mar-2020 - 23-Mar-2021 -17.67 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.67 13.06 0.82 0.82 0.68 1.52
VR Balanced TRI 17.41 18.03 0.75 0.87 -- --
Hybrid: Dynamic Asset Allocation 12.65 12.25 0.71 0.77 0.62 0.41
Rank within category 4 11 5 7 12 4
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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 121
Top 10 Holdings (%) * --
Top 5 Holdings (%) * --
Top 3 Sectors (%) * --
Portfolio P/B Ratio * 3.07
Portfolio P/E Ratio 22.22
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
up Kotak Liquid - Plan A - Direct Plan-Gr Mutual Fund -- 9.61 - 12.26 11.37
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.56 - 6.31 6.31
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 3.74 2.68
equal Power Finance Corporation 22/01/2031 Floating Rate Debenture AAA 0.00 - 2.00 1.35
new 6.44% HDFC Bank 27/09/2028 Non Convertible Debenture AAA 0.00 - 0.89 0.89
up 7.39% THDC India Ltd. 25/08/2031 Debenture AA 0.00 - 0.85 0.85
equal 8.03% Uttar Pradesh State 2026 State Development Loan SOV 0.00 - 1.76 0.80
new GOI 2031 GOI Securities SOV 0.00 - 0.40 0.40
equal 6.72% Kerala State 24/03/2027 State Development Loan SOV 0.00 - 0.53 0.36
down 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 1.36 0.28
new 6.45% ICICI Bank 15/06/2028 Debenture AAA 0.00 - 0.27 0.27
new 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 0.27 0.27
equal 8.32% Gujarat State 2028 State Development Loan SOV 0.00 - 0.49 0.24
down 6.76% GOI 22/02/2061 GOI Securities SOV 0.00 - 1.97 0.21
down 6.35% Power Finance Corporation 30/06/2027 Non Convertible Debenture AAA 0.00 - 0.27 0.20
equal 7.42% West Bengal State 2026 State Development Loan SOV 0.00 - 0.21 0.19
equal 6.75% Bihar State 2027 State Development Loan SOV 0.00 - 0.20 0.18
equal GOI 15/06/2023 GOI Securities SOV 0.00 - 0.35 0.16
equal GOI 15/12/2023 GOI Securities SOV 0.00 - 0.34 0.16
new GOI 22/08/2029 GOI Securities SOV 0.00 - 0.15 0.15
new GOI 22/08/2027 GOI Securities SOV 0.00 - 0.14 0.14
equal 7.17% Gujarat State 26/07/2027 State Development Loan SOV 0.00 - 0.20 0.14
new GOI 22/02/2027 GOI Securities SOV 0.00 - 0.11 0.11
new GOI 22/02/2028 GOI Securities SOV 0.00 - 0.11 0.11
new GOI 22/02/2029 GOI Securities SOV 0.00 - 0.10 0.10

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 ICICI Bank Financial 26.31 4.32 2.04 3.77
up Adani Ports and Special Economic Zone Services 28.06 3.68 0.00 3.68
equal Infosys Technology 34.62 3.65 1.96 2.92
equal Reliance Industries Energy 36.90 7.34 2.60 2.85
down Bharti Airtel Communication 360.64 3.95 0.00 2.65
down Tata Consultancy Services Technology 35.39 3.09 0.86 2.54
up Tata Steel Metals 7.50 2.38 0.04 2.21
up HDFC Bank Financial 27.22 5.32 2.10 2.19
up Maruti Suzuki India Automobile 43.62 1.78 0.18 1.76
up HDFC Financial 26.03 3.26 1.38 1.67
equal Persistent Systems Technology 57.69 1.38 0.00 1.38
down SAIL Metals 5.19 1.85 0.00 1.31
up Vedanta Metals 8.15 1.31 0.00 1.31
equal Adani Enterprises Services 145.68 1.70 0.46 1.24
equal Hindalco Inds. Metals 15.15 1.19 0.00 1.17
up Axis Bank Financial 29.64 3.08 0.94 1.15
down Hindustan Unilever FMCG 68.66 2.09 0.06 1.07
equal Larsen & Toubro Construction 20.20 2.65 0.90 1.05
up Kotak Mahindra Bank Financial 43.30 2.23 0.00 1.04
up JSW Steel Metals 8.09 1.24 0.02 0.99
equal Indusind Bank Financial 27.01 1.73 0.00 0.95
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 0.85
up DLF Construction 68.26 0.83 0.00 0.83
equal Tata Power Company Energy 54.11 0.83 0.00 0.83
up ITC FMCG 20.93 2.72 0.30 0.80

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

— Abhishek Bisen since 13-Jul-2018

Education: Mr. Bisen is a BA and MBA in Finance.

Experience: Prior to joining Kotak AMC, Abhishek 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.

Funds Managed:

— Harish Krishnan since 13-Jul-2018

Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode

Experience: Prior to joining Kotak Mahindra Mutual Fund, he was based out of Singapore and Dubai, managing Kotak's offshore funds. He has also worked at Infosys Technologies Ltd in his earlier stint.

Funds Managed:

— 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:


-0.17%

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

Growth: ₹ 15.0270

IDCW: ₹ 15.0270


Investment Strategy

The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load For units in excess of 8% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 03-Aug-2018
Return Since Launch: 13.47%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 11,286 Cr (As on 30-Sep-2021)
Expense: 0.46% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 30.67%

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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