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Kotak Select Focus renamed to Kotak Standard Multicap Fund

Kotak Select Focus Fund has been renamed to Kotak Standard Multicap FundKotak Standard Multicap Fund is a fund in the multi-cap category. Initially, it was called Kotak Select Focus Fund. Following the introduction of new rules by the Securities and Exchange Board of India (SEBI) for rationalization of mutual fund schemes, the fund will now fall in the multi-cap category. With assets of Rs 19,228 Cr, managed by Harsha Upadhyay, the fund is one of the best performing funds in the category.

Kotak Select Focus Fund is a Multi-Cap Fund

With the new categorization of mutual funds, Kotak Select Focus Fund is no longer an equity focus fund. However, it has been designated as a multi-cap fund, and now it is called the Kotak Standard Multicap Fund. Furthermore, there is no significant change in the asset allocation limits of the scheme. It can devote 65-100% of its assets to equities and the rest to debt. It can invest 0-10% of its assets in REITs and InVITs.

Performance

Kotak Select Focus Fund has performed consistently in all the economic cycles. It has delivered 13.84% and 20.49% in the past three and five year periods, while its benchmark, Nifty 200, has given 7% and 13.8 %, respectively, during the same period. A SIP of Rs 5,000 started in this fund 7 years back would’ve given 20.5% annualized return with a maturity amount of Rs 9.37 lakhs (4.2 lakhs investment).

The fund has beaten the benchmark and the peers in all the seven years since launch. The fund has beaten the benchmark and category by 3-6 percentage points in the 1, 3 and 5-year returns. Among its peers, the fund has given better and consistent returns.

Fund1 Year Return (%)3 Year Return (%)5 Year Return (%)
Kotak Standard Multicap Fund6.85%
13.87%
20.49%
HDFC Equity Fund4.62%
9.93% 16.39%
Reliance Multi Cap Fund6.61%
7.16% 16.61%
Franklin India Equity Fund6.58%
9.92% 18.50%
Motilal Oswal Multicap 35 Fund8.89%
15.23%-%

Fund Information

Kotak Select Focus Fund is a high-risk fund. Although being a late entrant in the multi-cap category, it is a consistent performer in every market condition. The fund believes that different sectors perform varyingly over changing economic cycles. It attempts to take focused bets on select sectors that are likely to outperform. The fund generally maintains four-nine sectors in its portfolio, selected on a top-down basis. The fund has around 75% large caps in its portfolio. Mid-cap account for 15% of the portfolio and small cap is around 3% of the portfolio. The rest is held in cash. The fund selects companies that have proven business models, which are scalable in nature, where capital efficiency is high and that has a reasonable competitive edge in their respective areas of business.

The fund invests 65-75% in small cap. The top five holding sectors constitute 74.3% of the portfolio. These include financial services (33.8%), consumer cyclical (12.7%), industrials (10.4%), basic material (9.2%), and energy (8.2%).

Recommendation

It is recommended to invest in Kotak Select Focus Fund through SIP. This fund is ideal for long-term goals. Invest in this fund to maximize your returns for a foreseeable future.

Smart Tip: This fund has lower ups and downs (volatility) than other equity funds. Invest in this fund for an investment horizon of at least 3 years to give best results.

Fund NameKotak Standard Multicap Fund
Original Fund NameKotak Select Focus Fund
Launch DateSeptember 11th, 2009
AUMRs 19,228 Cr
Return (Returns greater than 1 year are annualized)Since Launch: 14.55%
1 Year: 6.85%
3 Year: 13.87%
5 year: 20.49%
Expense Ratio1.97%
Fund Category RiskMedium to High risk
Investment PlanGrowth
Minimum Investment Horizon3+ years
Minimum InvestmentRs 5,000
Minimum Additional InvestmentRs 1,000
Exit Load1% if withdrawn within 1 year
Fund ManagerHarsha Upadhyay

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