Kotak India EQ Contra 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 : Contra 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

: ₹ 53.084 -0.27%
(as on 18th April, 2019)

Crisil Rank

Very good performance among peers

65

100

Fund Size

: ₹ 764.91 Cr

(12.78% of Investment in Category)

Expense Ratio

: 2.67%

(2.29% Category average)

Risk-O-Meter

Moderately High

Buy Recommended

(Min ₹1000 for SIP, ₹5000 for one time investment)

Contra Fund :Contra Fund : Fund has 82.22% investment in indian stocks of which 71.82% is in large cap stocks, 9.39% is in mid cap stocks, 1.01% in small cap stocks.

Suitable For : Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds. At the same time, these investors should also be ready for possibility of moderate to high losses in their investments even though overall market is performing better.

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3M
6M
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This Scheme

VS

Benchmark
Nifty 100

2.44%

7.24%

11.88%

9.01%

12.38%

12.27%

0%
NA
1.98%

6.78%

10.05%

1.48%

11.16%

15.31%

13.91%

NA
Gold

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Returns Calculator
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VIP (Value Avg)

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Returns (NAV as on 18th April, 2019)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	11-Apr-19	10125.90	1.26%	-	1.19%	1/3
1 Month	18-Mar-19	10191.02	1.91%	-	1.98%	2/3
3 Month	18-Jan-19	10704.79	7.05%	-	6.78%	2/3
6 Month	17-Oct-18	11089.89	10.90%	-	10.05%	1/3
YTD	01-Apr-19	10049.41	0.49%	-	0.40%	2/3
1 Year	18-Apr-18	10725.99	7.26%	7.26%	1.48%	1/3
2 Year	18-Apr-17	13138.95	31.39%	14.63%	11.16%	1/3
3 Year	18-Apr-16	15775.33	57.75%	16.41%	14.24%	1/3
5 Year	17-Apr-14	19589.64	95.90%	14.38%	15.31%	2/3
10 Year	17-Apr-09	44119.02	341.19%	15.99%	16.14%	2/3
Since Inception	27-Jul-05	53084.00	430.84%	12.92%	-	-/-

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 18th Apr,2019)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 year	18-Apr-18	12000	12707.47	5.90 %	11.11 %
2 years	18-Apr-17	24000	26776.87	11.57 %	10.92 %
3 years	18-Apr-16	36000	44150.63	22.64 %	13.72 %
5 years	18-Apr-14	60000	82495.5	37.49 %	12.69 %
10 years	18-Apr-09	120000	238466.67	98.72 %	13.17 %

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 Mar,2019)

Equity Holding : 82.22% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 82.22%

No of Stocks : 56 (Category Avg - 50.67) | Large Cap Investments : 71.82%| Mid Cap Investments : 9.39% | Small Cap Investments : 1.01% | Other : 0%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Cr)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Banks	513.9	6.72%	0.28%	0.31% (Sep 2018)	0.31% (Sep 2018)	12.83 L	0.00
Reliance Industries Ltd.	Refineries/marketing	495	6.47%	0.07%	5% (Apr 2018)	5% (Apr 2018)	3.63 L	0.00
Infosys Ltd.	Computers - software	423.9	5.54%	0.61%	1.63% (Apr 2018)	1.63% (Apr 2018)	5.70 L	1.01 L
Hindustan Unilever Ltd.	Diversified	339.6	4.44%	0.59%	3.85% (Feb 2019)	3.85% (Feb 2019)	1.99 L	44.00 k
Tata Consultancy Services Ltd.	Computers - software	337.2	4.41%	-0.38%	3.93% (Jun 2018)	3.93% (Dec 2018)	1.68 L	0.00
Bajaj Finance Ltd.	Nbfc	313.9	4.10%	0.16%	2.21% (May 2018)	2.21% (May 2018)	1.04 L	0.00
Kotak Mahindra Bank Ltd.	Banks	229.1	2.99%	-0.98%	2.99% (Mar 2019)	0% (Apr 2018)	1.72 L	-0.57 L
Titan Company Ltd.	Gems, jewellery and watches	226.1	2.96%	0.05%	2.77% (May 2018)	2.77% (May 2018)	1.98 L	0.00
Mahindra & Mahindra Ltd.	Passenger/utility vehicles	199.5	2.61%	-0.13%	0.71% (Apr 2018)	0.71% (Apr 2018)	2.96 L	0.00
Tech Mahindra Ltd.	Software -telecom	194.3	2.54%	-0.44%	2.54% (Mar 2019)	2.54% (Mar 2019)	2.50 L	0.00

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

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Reverse Repo	Reverse Repo	16.88%
FD - HDFC Bank Ltd.	FD	2.02%
FD - IDFC First Bank Ltd.	FD	0.13%
Net Receivables	Net Receivables	-1.25%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st March, 2019)

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.

Low volatility

11.82vs12.64

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.

Low volatility

0.92vs0.96

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

0.88vs0.85

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

0.11vs0.11

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

2.86vs2.9

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Invesco India Contra Fund - Growth	4	3657.75	0.56	5.52	8.63	1.53	16.17
SBI Contra Fund - Growth	2	1563.05	3.48	7.78	10.64	-4.36	10.15

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 103 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 9 is/are ranked 4 * , 9 is/are ranked 3 * , 4 is/are ranked 2 * , 1 is/are ranked 1 * , and 78 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Kotak Liquid - Regular Plan - Growth	5	24913.45	0.62	1.76	3.67	7.41	7.10
Kotak Standard Multicap Fund - Growth	4	23880.98	2.44	7.86	13.55	8.15	16.09
Kotak Equity Arbitrage Fund - Growth	4	12043.17	0.80	1.59	2.99	6.31	6.24
Kotak Savings Fund - Growth	4	11491.84	0.67	2.01	4.32	7.80	7.43
Kotak Bond Short Term Plan - Growth	4	8561.73	0.56	2.22	5.00	7.30	7.07
Kotak Money Market - Growth	4	7617.12	0.71	2.09	4.38	8.17	7.39
Kotak Credit Risk Fund - Growth	3	4980.11	0.56	1.80	4.20	6.40	7.49
Kotak Low Duration Fund - Growth	2	4526.78	0.74	2.18	4.51	7.77	7.83
Kotak Medium Term Fund - Regular Plan - Growth	3	4165.88	0.51	1.77	4.35	5.82	7.34
Kotak Emerging Equity - Growth	3	4090.62	2.35	5.75	11.61	-4.88	13.62