Kotak Select Focus st
31 March, 2018
Scheme Facts
About Kotak Select Focus
Structure
An Open Ended Equity Scheme The investment objective of Kotak Select Focus scheme is to generate long term capital appreciation from a
Month end AUM* (as on 31st Mar 2018) portfolio of equity and equity related securities, generally focused on select few sectors.
`17,853.35 crs
The scheme endeavors to identify sectors that are likely to do well over the medium term and takes focus
Monthly Average AUM*
exposures to the same.
`17,652.73 crs
There is no restriction on which type of sectors the scheme can take exposure to and the portfolio will be
NAV (as on 28th Mar 2018)
generally diversified at the stock level across market capitalization.
Dividend `22.6910
Direct Dividend `24.0460 The scheme is well positioned to capture various themes that are in flavour in a focused manner.
Growth `31.8170
Direct Growth `33.4770 Equity Market Brief
Launch Date
11th September 2009 • GST – landmark reform is now implemented, and over the last few months, the government has introduced further
changes to help the smaller firms navigate GST better. While there might be some near-term issues in implementing,
Benchmark the longer term benefits are transformative. Most listed players will benefit, as they form the organised part of the
Nifty 200 TRI economy, especially once the e-way bill is introduced in totality.
• After a prolonged period of under-delivery of Corporate Earnings, earnings are starting to improve across a broad
Min. Initial Inv.
spectrum of sectors.
`5000 & in multiple of `1 for purchase and • India to benefit from such reforms which encourages formalisation of the economy in the medium-to-long-term,
for ` 0.01 for switches significant flow from physical to financial savings to further provide stability to markets.
Additional Inv. • Volatility across global equities is on lower side. Global events – Fed hiking, trade wars, geopolitical events like the
`1000 & in multiples of `1 flare-up between US and North Korea to add to near-term volatility. In India as well, as we approach general elections,
markets are likely to turn more volatile.
Standard Deviation^
• Time in the market more important than timing the market – after a long period of lower volatility, markets volatility
13.63% may move up.
Beta^
0.97 Portfolio Action
Sharpe^
0.43 • The portfolio continues to have a pro-cyclical tilt.
Portfolio Turn over • Domestic businesses with operating leverage continue dominate the portfolio as compared to export/ global
businesses due to better earnings trajectory.
14.81%
• The top overweight sectors in the fund are Cement, Financials and Capital Goods.
*Source: MFI Explorer. • We believe that Government’s focus on reviving consumption and spending on infrastructure will create positive
^ as on 28th Mar, 2018. Source: Value demand scenario for our portfolio companies in medium term.
Research. • Recent budget proposals are positive for Insurance companies that are significant part of the portfolio.
Market Cap
$
% • The key underweight sectors are IT and FMCG.
• Utilities and Telecom sectors are the major exclusions from the fund.
Large cap 76.51
• Allocation to large cap segment accounts for about 3/4th of the total corpus.
Midcap 14.51
Small cap 3.08
Cash 5.91
$
The given market cap data is on the basis of new
SEBI circular on scheme rationalisation wherein
Stocks are categorised as per given AMFI list.
Top Sectors as on 31st Mar, 2018
Source: KPAX (internal system). Market definition
used is market capitalisation of the 100th largest Sector % Weight Underweight / Previous Change
scrip (on the bases of market capitalisation) is the
cutoff to determine the large cap and midcap
overweight Month in portfolio
segment. Portfolio Benchmark against (Portfolio % from previous
(Nifty 200) benchmark Weight) month
Load Structure Financial Services 35.19 32.45 2.74 34.93 0.26
Entry Load: Nil Energy 13.58 12.57 1.01 14.49 -0.90
Exit Load: Automobile 9.92 9.41 0.51 10.02 -0.10
I) For redemptions / switch outs (including SIP/STP)
Consumer Goods 7.22 12.43 -5.21 7.20 0.02
within 1 year from the date of allotment of units,
irrespective of the amount of investment:1% Cement & Cement Products 6.96 2.21 4.75 7.27 -0.30
ii) For redemptions / switch outs (including SIP/STP) Cash & Cash Equivalent 5.91 0.00 5.91 6.64 -0.74
after 1 year from the date of allotment of units, Construction 5.89 3.99 1.90 5.88 0.01
irrespective of the amount of investment: NIL
Information Technology 3.31 10.12 -6.82 2.62 0.69
iii) Any exit load charged (net off Service Tax, if any)
shall be credited back to the respective Scheme.
(applicable for all plans)
iv) Units issued on reinvestment of dividends shall not
be subject to exit load (applicable for all plans)
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Kotak Select Focus st
31 March, 2018
About Kotak Mutual Fund Top 10 Companies as on 31st Mar, 2018
Kotak Mahindra Asset Management HDFC Bank Ltd. Banks 7.40%
Company Limited (KMAMC) is a wholly Larsen And Toubro Ltd. Construction Project 5.51%
owned subsidiary of Kotak Mahindra Bank
Reliance Industries Ltd. Petroleum Products 4.94%
Limited (KMBL). KMBL has over two decades
of experience in financial services. KMBL has a HDFC Ltd. Finance 4.81%
market capitalization of `1995.45 bn (as on ICICI Bank Ltd. Banks 3.90%
31st March, 2018). KMAMC is the Asset IndusInd Bank Ltd. Banks 3.30%
Manager for Kotak Mahindra Mutual Fund Infosys Ltd. Software 3.30%
(KMMF). It started operations in December
Hero MotoCorp Ltd. Auto 3.27%
1998. KMMF offers schemes catering to
investors with varying risk - return profiles and Maruti Suzuki India Limited Auto 2.98%
was the first fund house in the country to State Bank Of India Banks 2.87%
launch a dedicated gilt scheme. KMAMC
manages assets worth `1,16,175.581cr as on
31st March, 2018.
* The numbers are converted using the Rupee- Kotak Select Focus* Performance (%) as on 28th March, 2018
USD reference rate published by the Reserve
Bank of India as on the respective dates.
Date Scheme Nifty 200 Nifty 50 Current Value of Standard Investment
To know more Returns TRI TRI of ` 10000 in the
(%) ^ #(%)* ## (%)* Scheme (`) Benchmark Additional
Ccall : 1800-222-626 (Toll Free), Mumbai #(`) Benchmark ## (`)
61152100, Delhi 66306900 / 02, Chennai Kotak Select Focus Fund
28221333 / 45038171, Kolkata 64509802 /
Since Inception 14.50 11.08 10.33 31,817 24,547 23,166
03, Pune 64013395 / 96, Ahmedabad
26779888, Bangalore 66128050 / 51, Last 1 Year 10.70 12.42 11.76 11,070 11,242 11,176
Hyderabad 66178140 / 41. Last 3 Years 11.76 9.09 7.38 13,949 12,974 12,378
Visit - assetmanagement.kotak.com Last 5 Years 21.16 15.56 13.63 26,118 20,613 18,954
Email - mutual@kotak.com Scheme Inception date is 11/09/2009. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.
Different plans have different expense structure. The performance details provided herein are of regular plan.
Disclaimer ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the
scheme at the then prevailing NAV. Returns > = 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not
available. Note: Point to Point (PTP) Returns in INR shows the value of `10,000/- investment made at inception. Source: ICRA MFI
Kotak Select Focus Fund is an open-ended
Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Please refer page no. 3 for schemes managed by Mr.
equity scheme. Investment Objective: The Harsha Upadhyaya.
investment objective of the scheme is to *TRI – Total Return Index
generate long-term capital appreciation from
With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark
a portfolio of equity and equity related instead of the price return variant.
securities, generally focused on a few selected
sectors.
Mutual Fund investments are subject to
market risks, read all scheme related
documents carefully. Scheme Information Riskometer
Document (SID) and Statement of Moderate Mo This product is suitable for investors who are seeking*:
t el y d
Additional Information (SAI) available on era Higerat • Long term capital growth
mutualfund.kotak.com odLow h e
M
ly
• Investment in portfolio of predominantly equity &
equity related securities generally focussed on a few
Low
High
selected sectors.
Dividend History * Investors should consult their financial advisors if in doubt
Date CUM Dividend Dividend
LOW HIGH about whether the product is suitable for them.
NAV (` per unit) Investors understand that their principal will
Sep-27-17 23.592 1.50 be at moderately high risk
Sep-30-16 21.349 1.25
Oct-12-15 19.739 1.00
Sep-26-14 17.791 1.00
Oct-15-10 12.850 1.25
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Kotak Select Focus st
31 March, 2018
Other schemes Managed by Mr. Harsha Upadhyaya
Period 1 year 3 years 5 years Since Inception
Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark
Returns (%)^ Returns (%)^* Returns (%)^ Returns (%)^* Returns (%)^ Returns (%)^* Returns (%)^ Returns (%)^*
Kotak Opportunities - Growth 9.25 12.87 10.46 9.83 19.26 16.31 19.46 16.10
Kotak Tax Saver Scheme - Growth 6.25 12.87 8.26 9.83 16.89 16.31 11.84 13.13
Mr. Harsha Upadhyaya manages 3 funds of Kotak Mutual fund.
Kotak Opportunities - Growth, *Name of the Benchmark - Nifty 500 TRI, Scheme Inception date is 09/09/2004. Mr. Harsha Upadhyaya has been managing the fund since
04/08/2012.
Kotak Tax Saver Scheme - Growth, *Name of the Benchmark - Nifty 500 TRI, Scheme Inception date is 23/11/2005. Mr. Harsha Upadhyaya has been managing the fund since
25/08/2015.
Different plans have different expense structure. The performance details provided herein are of regular plan
^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV.
Returns > = 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Source: ICRA MFI Explorer.
TRI – Total Return Index. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the
price return variant.
