Kotak Mahindra Mutual Fund is the asset management wing of the Kotak group and is more than 10 years old. The fund house was a corporate and debt player till 2004, when it became aggressive in the retail and equity space. It is credited with launching the first gilt fund in 1998.
The break-up of assets worth Rs 18,370 crore for equity funds, balanced funds and monthly income plans.
Equities: 78.46%, Cash: 18.27, Debt: 3.28
The profit of the fund house came down significantly, by almost 85%, in 2007-8, due to its aggressive expansion plans.
2006-7: Rs 8.63 crore, 2007-8: Rs 1.03 crore
Top 5 Fund Schemes
Kotak 30, a diversified fund, is the only equity fund that figures in the top five schemes.
Kotak Floater Long Term: 16.8%, Kotak Liquid: 11.5%, Kotak Flexi Debt: 5.7%, Kotak 30: 3.5%, Kotak Bond-Deposit Plan: 3.4%
Top 5 Equity Holdings
The Reliance Industries stock, worth Rs 162 crore, forms the bulk of the fund house’s equity portfolio.
Reliance Industries: 7.4%, Bharti Airtel: 5%, SBI: 4.5%, ONGC: 4.1%, ITC: 3.5%
The holdings are % share of the total equity value, not the total AUM
Fund House Style
A mid-sized fund house, it has been expanding its network and range of products of late. Most of its fund schemes have manageable AUMs, which makes them less volatile.
Return percentile: 60, Risk percentile: 40
If you had invested Rs 10,000 on 1 January 2000 in Kotak 30, its value would be Rs 32,817 on 15 April 2009, an absolute growth of 228%.