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

: ₹ 30.4324 0.04%
(as on 07th May, 2021)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 17835.16 Cr

(20.38% of Investment in Category)

Expense Ratio

: 0.41%

(0.36% Category average)

Risk-O-Meter

Low to Moderate

Arbitrage Fund :Arbitrage Fund : Fund has 68.68% investment in indian stocks of which 51.41% is in large cap stocks, 15.28% is in mid cap stocks, 1.31% in small cap stocks.

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This Scheme

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Nifty 50

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NA
0.42%

1.09%

1.84%

3.48%

4.87%

5.89%

5.88%

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Gold

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SIP Calculator
VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 06th May, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	29-Apr-21	9999.90	-	-	-0.01%	7/25
1 Month	06-Apr-21	10042.90	0.43%	-	0.38%	7/28
3 Month	05-Feb-21	10120.30	1.20%	-	1.06%	6/28
6 Month	06-Nov-20	10211.20	2.11%	-	1.81%	4/28
YTD	01-Jan-21	10159.00	1.59%	-	1.30%	3/28
1 Year	06-May-20	10413.60	4.14%	4.14%	3.56%	5/26
2 Year	06-May-19	11095.50	10.96%	5.33%	4.91%	9/24
3 Year	04-May-18	11867.70	18.68%	5.86%	5.45%	5/19
5 Year	06-May-16	13508.40	35.08%	6.20%	5.89%	5/17
Since Inception	07-Jan-13	17988.80	79.89%	7.30%	5.88%	2/28

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 06th May, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	06-May-20	12000	12281.14	2.34 %	4.39 %
2 Year	06-May-19	24000	25199.17	5 %	4.77 %
3 Year	04-May-18	36000	39005.43	8.35 %	5.28 %
5 Year	06-May-16	60000	69439.79	15.73 %	5.78 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Mar,2021)

Portfolio Turnover Ratio : 454.72% | Category average turnover ratio is 1012.49%

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 : 68.68% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 68.68%

No of Stocks : 144 (Category Avg - 88.04) | Large Cap Investments : 51.41%| Mid Cap Investments : 15.28% | Small Cap Investments : 1.31% | Other : 0.68%

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
Bharti Airtel Ltd.	Telecom - services	5782.5	3.24%	-0.08%	4.91% (Apr 2020)	3.05% (Aug 2020)	1.12 Cr	14.05 L
Adani Ports And Special Economic Zone Ltd.	Port	4988.8	2.80%	-0.19%	2.99% (Feb 2021)	0.76% (Aug 2020)	71.03 L	-1.35 L
ICICI Bank Ltd.	Banks	4908.8	2.75%	-0.25%	4.31% (Jul 2020)	0.68% (Dec 2020)	84.33 L	2.19 L
Infosys Ltd.	Computers - software	3399.1	1.91%	1.62%	5.39% (Apr 2020)	0% (Sep 2020)	24.85 L	21.04 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3245.6	1.82%	0.23%	2.64% (Dec 2020)	0.4% (Jun 2020)	54.29 L	10.54 L
Grasim Industries Limited	Cement	3190.1	1.79%	-0.14%	1.93% (Feb 2021)	0.65% (Sep 2020)	21.99 L	-4.32 L
State Bank Of India	Banks	2875.4	1.61%	0.41%	2.92% (Apr 2020)	0.45% (Dec 2020)	78.93 L	28.65 L
Tata Consultancy Services Ltd.	Computers - software	2844.8	1.60%	-0.11%	3.57% (Apr 2020)	0.02% (Nov 2020)	8.95 L	-0.70 L
Bharat Petroleum Corporation Ltd.	Refineries/marketing	2571.3	1.44%	0.94%	1.44% (Mar 2021)	0.42% (Aug 2020)	60.08 L	41.78 L
Larsen & Toubro Ltd.	Engineering, designing, construction	2566.7	1.44%	0.24%	1.44% (Mar 2021)	0.62% (Jun 2020)	18.09 L	4.47 L

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

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
MF Units	MF Units	18.22%
TREPS	TREPS	7.57%
MF Units	MF Units	6.09%
FD - HDFC Bank Ltd.	FD	0.06%
Net Receivables	Net Receivables	-0.62%

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

1.12vs0.91

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

1.01vs0.62

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

1.61vs0.8

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

0.02vs-0.09

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.

Poor risk adjusted returns

-0.56vs-0.5

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Tata Arbitrage Fund - Direct Plan - Growth	5	4270.08	0.50	1.30	2.23	4.50	0.00
L&T Arbitrage Opportunities Fund - Direct Plan - Growth	5	3494.07	0.43	1.25	2.13	4.27	5.98
UTI Arbitrage Fund - Direct Plan - Growth	3	3842.80	0.48	1.26	2.07	4.13	5.86
Nippon India Arbitrage Fund - Direct Plan - Growth	4	10211.20	0.47	1.23	2.08	4.10	6.06
Invesco India Arbitrage Fund - Direct Plan - Growth	3	569.92	0.44	1.16	2.00	4.05	5.74
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	3	5552.42	0.48	1.30	2.17	3.99	5.87
Edelweiss Arbitrage Fund - Direct Plan - Growth	4	3706.62	0.44	1.20	2.10	3.95	6.07
Sundaram Arbitrage Fund - Direct Plan - Growth	NA	47.89	0.45	1.34	2.12	3.94	0.00
BNP Paribas Arbitrage Fund - Direct Plan - Growth	NA	631.64	0.46	1.16	2.12	3.93	6.05
IDFC Arbitrage Fund - Direct Plan - Growth	3	6755.62	0.41	1.13	1.99	3.86	5.86

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 81 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 8 is/are ranked 4 * , 10 is/are ranked 3 * , 2 is/are ranked 2 * , and 58 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	34744.36	0.73	1.02	22.64	58.57	12.46
Kotak Liquid - Direct Plan - Growth	3	28960.73	0.26	0.81	1.56	3.41	5.57
Kotak Equity Arbitrage Fund - Direct Plan - Growth	4	17835.16	0.43	1.20	2.11	4.14	5.86
Kotak Bond Short Term Plan - Direct Plan - Growth	3	16608.11	0.58	1.43	1.83	8.04	9.14
Kotak Low Duration Fund - Direct Plan - Growth	2	12541.75	0.47	1.30	2.09	7.85	8.22
Kotak Savings Fund - Direct Plan - Growth	3	11180.19	0.30	1.04	1.83	5.24	7.02
Kotak Emerging Equity - Direct Plan - Growth	4	10937.53	2.24	9.48	37.83	86.82	14.33
Kotak Banking and PSU Debt Fund - Direct Plan - Growth	3	9688.00	0.65	1.34	1.73	8.12	9.34
Kotak Money Market - Direct Plan - Growth	3	9430.79	0.31	1.04	1.85	4.73	6.79
Kotak Corporate Bond Fund - Direct Plan - Growth	3	8884.12	0.54	1.61	1.98	8.12	8.71