Kotak Equity Arbitrage Fund - Direct Plan - 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 : Arbitrage Fund

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

: ₹ 32.1685 0.05%
(as on 12th August, 2022)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 24542.53 Cr

(22.26% of Investment in Category)

Expense Ratio

: 0.44%

(0.36% Category average)

Risk-O-Meter

Low to Moderate

Arbitrage Fund :Arbitrage Fund : The fund has 70.31% investment in domestic equities of which 44.08% is in Large Cap stocks, 16.78% is in Mid Cap stocks, 2.88% in Small Cap stocks.The fund has 2.02% investment in Debt, of which 2.02% in Government securities.

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This Scheme

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Nifty 50

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NA
0.24%

0.83%

1.71%

3.71%

4.01%

5.22%

5.72%

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Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 12th August, 2022)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	05-Aug-22	10010.90	0.11%	-	0.09%	7/26
1 Month	12-Jul-22	10025.90	0.26%	-	0.24%	6/26
3 Month	12-May-22	10090.80	0.91%	-	0.83%	4/26
6 Month	11-Feb-22	10196.90	1.97%	-	1.71%	2/26
YTD	31-Dec-21	10269.00	2.69%	-	2.34%	3/26
1 Year	12-Aug-21	10422.00	4.22%	4.22%	3.71%	5/26
2 Year	12-Aug-20	10918.50	9.19%	4.49%	4.01%	1/25
3 Year	09-Aug-19	11503.40	15.03%	4.76%	4.37%	6/23
5 Year	11-Aug-17	13129.00	31.29%	5.59%	5.22%	4/18
Since Inception	07-Jan-13	19022.10	90.22%	6.93%	5.72%	2/26

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 12th August, 2022)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	12-Aug-21	12000	12273.99	2.28 %	4.26 %
2 Year	12-Aug-20	24000	25114.65	4.64 %	4.43 %
3 Year	09-Aug-19	36000	38556.65	7.1 %	4.5 %
5 Year	11-Aug-17	60000	68208.68	13.68 %	5.07 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 31st Jul,2022)

Equity Holding : 70.31% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 70.31%

No of Stocks : 165 (Category Avg - 112.20) | Large Cap Investments : 44.08%| Mid Cap Investments : 16.78% | Small Cap Investments : 2.88% | Other : 6.57%

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
# HDFC Bank Ltd.	Banks	11022.8	4.49%	0.00%	5.05% (Apr 2022)	0% (Jul 2021)	76.86 L	13.23 L
# Reliance Industries Ltd.	Refineries/marketing	10798.8	4.40%	0.00%	3.57% (Dec 2021)	0% (Sep 2021)	43.03 L	22.59 L
# Maruti Suzuki India Ltd.	Passenger/utility vehicles	5183.4	2.11%	0.00%	2.03% (Jun 2022)	0.04% (Oct 2021)	5.91 L	-0.26 L
# Adani Ports And Special Economic Zone Ltd.	Port	4928.7	2.01%	0.00%	2.11% (Sep 2021)	1.68% (Jun 2022)	64.54 L	0.00
# Adani Enterprises Ltd.	Trading	4860.9	1.98%	0.00%	1.75% (May 2022)	0.88% (Jul 2021)	18.92 L	10.00 k
# Tech Mahindra Ltd.	Software -telecom	4466.6	1.82%	0.00%	1.83% (Jun 2022)	0.36% (Dec 2021)	42.59 L	-4.49 L
# Infosys Ltd.	Computers - software	4367.8	1.78%	0.00%	1.4% (May 2022)	0.03% (Jan 2022)	28.19 L	8.58 L
# J S W Steel Ltd.	Steel	3580.9	1.46%	0.00%	1.78% (Jun 2022)	0.12% (Mar 2022)	56.88 L	-0.24 Cr
# Housing Development Finance Corporation Ltd.	Housing finance	3450.4	1.41%	0.00%	3.33% (Feb 2022)	0.09% (Nov 2021)	14.51 L	-0.22 Cr
# HCL Technologies Limited	Computers - software	3261.6	1.33%	0.00%	1.99% (Nov 2021)	0.86% (Jul 2021)	34.39 L	96.60 k

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

Detailed Portfolio Analysis

No of Debt Holding 3 (Category Avg - 7.92) | Modified Duration 0.13 Years (Category Avg - 0.31)| Yield to Maturity 4.93% (Category Avg - 5.25%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	2.40%
CD	0.00%	0.81%
T-Bills	2.02%	9.44%
CP	0.00%	0.94%
NCD & Bonds	0.00%	0.74%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	2.02%	11.84%
Low Risk	0.00%	0.00%
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	11.29%
MF Units	MF Units	5.35%
MF Units	MF Units	5.33%
Net Receivables	Net Receivables	4.90%
TREPS	TREPS	0.80%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th July, 2022)

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

1.04vs0.99

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. 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 beta 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

0.54vs0.41

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

-0.73vs-1.04

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.

Poor risk adjusted returns

-0.01vs0.13

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

-0.03vs-0.55

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Axis Arbitrage Fund - Direct Plan - Growth	NA	4924.98	0.25	0.85	1.95	4.49	4.80
Invesco India Arbitrage Fund - Direct Plan - Growth	5	1489.33	0.31	1.05	2.30	4.45	4.83
SBI Arbitrage Opportunities Fund - Direct Plan - Growth	4	7545.37	0.23	0.88	1.87	4.29	4.30
Edelweiss Arbitrage Fund - Direct Plan - Growth	5	6648.14	0.24	0.91	1.94	4.27	4.93
Nippon India Arbitrage Fund - Direct Plan - Growth	4	10294.81	0.27	0.86	1.85	4.14	4.76
LIC MF Arbitrage Fund - Direct Plan - Growth	2	28.84	0.24	0.83	1.85	4.06	4.30
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	3	6796.15	0.25	0.90	1.81	3.95	4.66
Tata Arbitrage Fund - Direct Plan - Growth	4	7984.80	0.27	0.93	1.83	3.94	5.03
ICICI Prudential Equity - Arbitrage Fund - Direct Plan - Growth	3	12574.39	0.26	0.85	1.75	3.88	4.56
Mirae Asset Arbitrage Fund - Direct Plan - Growth	3	389.27	0.28	0.86	1.84	3.87	0.00

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 43 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 9 is/are ranked 4 * , 9 is/are ranked 3 * , 1 is/are ranked 2 * , 2 is/are ranked 1 * , and 20 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Kotak Flexi Cap Fund - Direct Plan - Growth	3	36316.01	10.57	13.37	1.63	7.33	17.14
Kotak Liquid Fund - Direct Plan - Growth	3	29482.62	0.40	1.20	2.07	3.82	4.05
Kotak Equity Arbitrage Fund - Direct Plan - Growth	4	24542.53	0.26	0.91	1.97	4.22	4.76
Kotak Emerging Equity Fund - Direct Plan - Growth	4	20619.12	10.57	14.81	7.26	13.91	29.13
Kotak Money Market Fund - Direct Plan - Growth	4	14576.16	0.42	1.32	2.15	4.04	4.92
Kotak Balanced Advantage Fund - Direct Plan - Growth	NA	14157.16	5.21	7.55	3.13	6.79	13.31
Kotak Bond Short Term Plan - Direct Plan - Growth	2	13157.52	0.78	1.54	1.07	3.36	6.57
Kotak Savings Fund - Direct Plan - Growth	3	11486.96	0.42	1.34	2.08	3.95	5.09
Kotak Overnight Fund - Direct Plan - Growth	NA	10768.60	0.42	1.15	2.02	3.70	3.65
Kotak Equity Opportunities Fund - Direct Plan - Growth	3	10286.06	10.05	13.34	4.38	10.37	22.24