Kotak Small Cap 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 : Small Cap 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

: ₹ 74.475 -0.14%
(as on 16th October, 2019)

Crisil Rank

Average performance among peers

Fund Size

: ₹ 1256.78 Cr

(2.79% of Investment in Category)

Expense Ratio

: 0.92%

(1.13% Category average)

Risk-O-Meter

Moderately High

Small Cap Fund :Small Cap Fund : Fund has 97.73% investment in indian stocks of which 3.65% is in large cap stocks, 21.42% is in mid cap stocks, 72.37% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for very high returns. At the same time, these investors should also be ready for possibility of higher losses in their investments.

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This Scheme

VS

Nifty 50

-2.61%

-9.76%

-19.78%

-12.31%

-21.75%

0.57%

0%
NA
0.04%

-4.14%

-10.32%

-4.36%

-8.04%

9.02%

3.06%

NA
Gold

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SIP Calculator
VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 16th October, 2019)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	09-Oct-19	9955.90	-0.44%	-	-0.32%	22/39
1 Month	16-Sep-19	10173.50	1.74%	-	0.04%	10/39
3 Month	16-Jul-19	9935.60	-0.64%	-	-4.14%	8/39
6 Month	16-Apr-19	9544.90	-4.55%	-	-10.32%	7/38
YTD	01-Jan-19	9951.20	-0.49%	-	-10.26%	7/38
1 Year	16-Oct-18	10203.60	2.04%	2.04%	-4.36%	7/33
2 Year	16-Oct-17	9260.50	-7.40%	-3.77%	-8.04%	7/26
3 Year	14-Oct-16	11049.70	10.50%	3.38%	2.05%	7/18
5 Year	16-Oct-14	17228.40	72.28%	11.49%	9.02%	5/13
Since Inception	02-Jan-13	24404.40	144.04%	14.04%	3.06%	7/35

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 16th October, 2019)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	16-Oct-18	12000	12148.09	1.23 %	2.29 %
2 Year	16-Oct-17	24000	22921.39	-4.49 %	-4.35 %
3 Year	14-Oct-16	36000	35519.36	-1.34 %	-0.87 %
5 Year	16-Oct-14	60000	69111.86	15.19 %	5.59 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 30th Sep,2019)

Portfolio Turnover Ratio : 28.42% | Category average turnover ratio is 43.16%

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 : 97.73% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.73%

No of Stocks : 60 (Category Avg - 61.05) | Large Cap Investments : 3.65%| Mid Cap Investments : 21.42% | Small Cap Investments : 72.37% | Other : 0.29%

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
Simran Wind Project Private Ltd.	Power	466.2	3.71%	-0.09%	3.89% (Jul 2019)	2.22% (Nov 2018)	17.59 L	34.34 k
Galaxy Surfactants Ltd.	Chemicals - speciality	398.3	3.17%	-0.11%	3.28% (Aug 2019)	2.09% (Nov 2018)	2.73 L	-0.15 L
Sheela Foam Ltd.	Houseware	398	3.17%	-0.20%	3.45% (Jul 2019)	1.88% (Oct 2018)	3.09 L	0.00
JMC Projects (India) Ltd.	Construction civil	375.3	2.99%	-0.32%	3.38% (Jun 2019)	2.21% (Dec 2018)	33.53 L	81.18 k
J.K. Cement Ltd.	Cement	362	2.88%	-0.18%	3.13% (Jul 2019)	2.27% (Dec 2018)	3.45 L	4.94 k
Prataap Snacks Ltd.	Consumer food	361.2	2.87%	0.31%	2.87% (Sep 2019)	2.16% (Mar 2019)	3.94 L	23.20 k
Pi Industries Ltd.	Pesticides and agrochemicals	354.2	2.82%	0.12%	2.82% (Sep 2019)	1.48% (Oct 2018)	2.71 L	0.00
Ratnamani Metals & Tubes Ltd.	Steel products	334.4	2.66%	-0.16%	2.91% (Jul 2019)	2.18% (Oct 2018)	3.53 L	0.00
Solar Industries India Ltd.	Explosives	331.8	2.64%	-0.26%	3.07% (Jun 2019)	2.64% (Sep 2019)	2.98 L	0.00
Dixon Technologies (India) Ltd.	Consumer elctronics	310.7	2.47%	-0.37%	2.84% (Aug 2019)	2.31% (Jun 2019)	1.07 L	-0.15 L

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

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.01%
Net Receivables	Net Receivables	0.26%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 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.

High volatility

16.73vs9

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

0.66vs0.44

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

-0.03vs-0.05

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

-0.01vs-0.02

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

3.46vs-0.27

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Axis Small Cap Fund - Direct Plan - Growth	5	1037.25	3.88	5.30	9.46	21.90	11.57
ICICI Prudential Smallcap Fund - Direct Plan - Growth	NA	470.91	3.60	-1.80	-1.91	9.95	3.58
Union Small Cap Fund - Direct Plan - Growth	2	319.74	5.68	3.03	-5.17	0.50	0.95
IDBI Small Cap Fund - Direct Plan - Growth	NA	139.21	3.54	-1.16	-6.69	0.00	0.00
DSP Small Cap Fund - Direct Plan - Growth	3	4773.08	0.40	-5.40	-10.78	-3.62	-1.25
Franklin India Smaller Companies Fund - Direct - Growth	3	7004.97	2.30	-5.77	-11.45	-4.30	1.25
Nippon India Small Cap Fund - Direct Plan - Growth	3	8114.33	1.31	-3.63	-9.38	-5.09	6.98
HSBC Small Cap Equity Fund - Direct Plan - Growth	3	690.60	0.84	-5.05	-12.95	-5.61	-0.90
Sundaram Small Cap Fund - Direct Plan - Growth	1	1046.17	-0.37	-6.77	-14.32	-6.83	-3.25
L&T Emerging Businesses Fund - Direct Plan - Growth	3	5984.53	1.49	-4.33	-10.63	-8.15	6.87

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 84 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 61 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Kotak Standard Multicap Fund - Direct Plan - Growth	5	26991.22	3.28	-1.16	-1.12	11.35	10.71
Kotak Liquid - Direct Plan - Growth	4	25805.16	0.46	1.47	3.22	7.04	6.99
Kotak Equity Arbitrage Fund - Direct Plan - Growth	3	15972.44	0.53	1.60	3.60	6.86	6.73
Kotak Savings Fund - Direct Plan - Growth	4	10558.57	0.63	2.00	4.19	8.87	7.75
Kotak Bond Short Term Plan - Direct Plan - Growth	4	9787.86	0.74	2.19	5.59	11.28	7.92
Kotak Money Market - Direct Plan - Growth	2	9411.90	0.59	1.97	4.12	8.69	7.57
Kotak Emerging Equity - Direct Plan - Growth	4	4959.95	1.46	-1.97	-4.41	6.31	6.38
Kotak Low Duration Fund - Direct Plan - Growth	3	4796.05	0.77	2.48	4.36	9.44	8.36
Kotak Credit Risk Fund - Direct Plan - Growth	5	4731.59	0.70	2.46	5.14	10.00	7.96
Kotak Medium Term Fund - Direct Plan - Growth	3	3452.29	0.53	1.93	2.92	7.79	6.89