Kotak Balanced Advantage Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Dynamic Asset Allocation or Balanced Advantage

Fund House : Kotak Mahindra Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 13.186 0.29%
(as on 05th May, 2021)

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Crisil Rank

Not Ranked

Rank not available for the fund

Fund Size

: ₹ 7669.52 Cr

(7.35% of Investment in Category)

Expense Ratio

: 2.02%

(2.21% Category average)

Risk-O-Meter

Moderately High

Dynamic Asset Allocation or Balanced Advantage :Dynamic Asset Allocation or Balanced Advantage : Fund has 65.8% investment in indian stocks of which 44.98% is in large cap stocks, 10.18% is in mid cap stocks, 3.72% in small cap stocks.Fund has 14.01% investment in Debt of which 9.62% in Government securities, 4.39% in funds invested in very low risk securities..

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NA
0.39%

0.33%

10.59%

29.96%

10.31%

9.78%

9.84%

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VIP (Value Avg)

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Returns (NAV as on 04th May, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	27-Apr-21	9969.70	-0.30%	-	-0.26%	15/22
1 Month	01-Apr-21	9946.30	-0.54%	-	-0.58%	11/23
3 Month	04-Feb-21	10092.90	0.93%	-	-0.15%	3/23
6 Month	04-Nov-20	11046.00	10.46%	-	10.97%	10/22
YTD	01-Jan-21	10285.50	2.85%	-	2.67%	9/22
1 Year	04-May-20	13405.40	34.05%	34.05%	28.49%	7/22
2 Year	03-May-19	12577.00	25.77%	12.11%	10.10%	5/19
Since Inception	03-Aug-18	13148.00	31.48%	10.45%	9.71%	10/29

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 04th May, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	04-May-20	12000	13357.01	11.31 %	21.66 %
2 Year	03-May-19	24000	28134.9	17.23 %	16.11 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Mar,2021)

Portfolio Turnover Ratio : 57.90% | Category average turnover ratio is 537.92%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 65.80% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.80%

No of Stocks : 115 (Category Avg - 72.70) | Large Cap Investments : 44.98%| Mid Cap Investments : 10.18% | Small Cap Investments : 3.72% | Other : 6.92%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Banks	2850.1	3.72%	-0.46%	4.32% (Dec 2020)	2.91% (Jul 2020)	48.96 L	0.00
Adani Ports And Special Economic Zone Ltd.	Port	2598.9	3.39%	-0.18%	3.57% (Feb 2021)	0.1% (Apr 2020)	37.00 L	0.00
Infosys Ltd.	Computers - software	2541.3	3.31%	0.73%	3.65% (Jul 2020)	2.58% (Feb 2021)	18.58 L	4.18 L
Reliance Industries Ltd.	Refineries/marketing	2370	3.09%	0.24%	6.81% (Apr 2020)	2.82% (Jan 2021)	11.83 L	2.26 L
Bharti Airtel Ltd.	Telecom - services	2272.7	2.96%	-0.50%	3.95% (Jan 2021)	1.4% (Sep 2020)	43.93 L	40.00 k
Tata Consultancy Services Ltd.	Computers - software	2040.5	2.66%	0.66%	3.09% (Aug 2020)	2% (Feb 2021)	6.42 L	1.59 L
HDFC Bank Ltd.	Banks	1961.5	2.56%	-0.22%	4.37% (Jun 2020)	2.56% (Mar 2021)	13.13 L	45.00 k
Housing Development Finance Corporation Ltd.	Housing finance	1473.3	1.92%	0.21%	2.74% (Apr 2020)	1.38% (Oct 2020)	5.90 L	1.18 L
Hindustan Unilever Ltd.	Diversified	1412.4	1.84%	0.09%	2.09% (Jan 2021)	1.47% (Apr 2020)	5.81 L	5.00 k
Grasim Industries Limited	Cement	1282.9	1.67%	0.15%	1.67% (Mar 2021)	0.82% (Sep 2020)	8.84 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

No of Debt Holding 20 (Category Avg - 15.96) | Modified Duration 1.18 Years (Category Avg - 1.74)| Yield to Maturity - -- (Category Avg - 4.42%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	9.62%	3.80%
CD	0.00%	0.41%
T-Bills	0.00%	1.82%
NCD & Bonds	4.39%	10.22%
CP	0.00%	0.49%
PTC	0.00%	0.00%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	9.62%	5.62%
Low Risk	4.39%	10.98%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
MF Units	MF Units	12.07%
TREPS	TREPS	7.45%
Housing Development Finance Corporation Ltd. - Warrants	Warrants	0.27%
Net Receivables	Net Receivables	0.21%
Brookfield India Real Estate Trust	InvITs	0.19%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2021)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

13.1vs8.75

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.58vs0.3

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.08vs0.06

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HDFC Balanced Advantage Fund - Growth	4	39783.71	0.96	-0.70	27.35	51.09	8.77
Baroda Dynamic Equity Fund - Growth	NA	1098.97	0.14	0.28	10.41	40.64	0.00
ICICI Prudential Balanced Advantage Fund - Growth	2	30280.66	0.72	1.18	13.05	38.56	9.94
Aditya Birla Sun Life Balanced Advantage Fund - Growth	2	3180.98	1.19	1.08	14.61	38.49	9.63
Union Balanced Advantage Fund - Growth	NA	841.83	0.07	-0.43	9.86	37.38	11.40
Edelweiss Balanced Advantage Fund - Growth	2	3314.78	0.60	0.28	15.70	36.59	11.79
Nippon India Balanced Advantage Fund - Growth	NA	3250.73	0.51	1.77	14.53	34.54	8.52
Tata Balanced Advantage Fund - Growth	NA	2259.89	0.34	1.15	12.98	31.80	0.00
Sundaram Balanced Advantage Fund - Growth	NA	889.01	0.32	0.27	11.45	30.22	0.00
Invesco India Dynamic Equity Fund - Growth	4	647.20	2.47	0.98	10.47	29.92	5.50

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 93 mutual fund schemes offered by this AMC, 5 is/are ranked 5 * , 8 is/are ranked 4 * , 12 is/are ranked 3 * , 4 is/are ranked 2 * , and 64 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Kotak Flexi Cap Fund - Growth	3	34744.36	0.35	0.08	22.23	57.31	11.12
Kotak Liquid - Regular Plan - Growth	3	28960.73	0.25	0.77	1.50	3.33	5.51
Kotak Equity Arbitrage Fund - Growth	4	17835.16	0.27	1.01	1.86	3.45	5.29
Kotak Bond Short Term Plan - Growth	3	16608.11	0.59	1.23	1.47	7.38	8.26
Kotak Low Duration Fund - Growth	2	12541.75	0.45	1.11	1.73	7.16	7.42
Kotak Savings Fund - Growth	4	11180.19	0.29	0.92	1.61	4.81	6.59
Kotak Emerging Equity - Growth	4	10937.53	2.47	8.90	37.09	84.72	12.86
Kotak Banking and PSU Debt Fund - Growth	3	9688.00	0.84	1.80	1.94	8.20	8.85
Kotak Banking and PSU Debt Fund - Growth	3	9688.00	0.73	1.29	1.61	7.97	8.98
Kotak Money Market - Growth	3	9430.79	0.31	1.01	1.81	4.66	6.71