Kotak Standard Multicap Fund, formerly called Kotak Select Focus Fund, has been ranked number two in the multi-cap category in CMFR (CRISIL Mutual Fund Ranking) for the past two quarters which ended in June 2018.
The multi-cap fund’s AUM (Assets Under Management) has increased from 3,152 crore Rupees in July 2015 to 19,827 crore Rupees in June 2018, over six times in the past three years.
The Kotak Mahindra Mutual Fund scheme has outperformed the Nifty 200 TRI Benchmark index in the previous two, three, five and seven-year trailing periods. The scheme has outperformed the multi-cap fund’s category across all periods under analysis.
Harsha Upadhyaya has been the Fund Manager of the Kotak Standard Multicap Fund scheme from August 2012. He has nearly 20 years of experience in fund management and equity research.
The multi-cap fund scheme of the Kotak Mahindra Mutual Fund seeks to produce long-term capital appreciation from a portfolio of equity and equity related instruments mostly concentrated on a few particular sectors.
The scheme mainly focused on investing in a few selected sectors, which comprised an average of 60.28 percent of its equity portfolio during the past three years. The top five sectors on which the fund focused include banks, auto, finance, cement, and petroleum products.
The utmost contributor to the scheme’s performance during the period under analysis was HDFC Bank. Reliance Industries, Bajaj Finance, Maruti Suzuki and IndusInd Bank are few other contributors to the fund.
The banking sector (the largest contributor) contributes about 22.54 percent of the fund’s equity portfolio in June 2018. The finance sector contributes 14.68 percent, the auto sector contributes 8.96 percent, the consumer non-durables contribute 8.06 percent and software sector contributes 7.58 percent, according to DNA.
Kotak Select Focus Fund, which was introduced in September 2009, was renamed as Kotak Standard Multicap Fund in May 2018, following the re-categorization of mutual fund schemes by the SEBI (Securities and Exchange Board of India).
The post Kotak Standard Multicap Fund Ranks Number Two In CMFR appeared first on OWLT Market.
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