Is Kotak Opportunities a good fund? Should I invest in it? If not, please suggest a few funds where I can invest for the long term.
- Sarang Acharya
Kotak Opportunities is currently a 4-star rated diversified equity fund. The fund invests in a mix of large and mid cap stocks across sectors based on their past performance and potential. The fund manager may take concentrated bets on sectors and stocks, which makes it an aggressive offering as compared to a normal diversified equity fund. However, this fund has not been a consistent outperformer. There have been times when it has been on a roll as well as occasions when it has failed to deliver average returns. Hold it only if you are comfortable with relatively higher risk. Also, do not let a fund such as this form more than 20 per cent of your portfolio.
However, if you wish to switch to a pure diversified fund, then you may consider any of the following: HDFC Top 200, DSPBR Top 100 Equity or Magnum Contra.
This article was originally published on April 28, 2010.
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