Kotak Flexicap mutual fund review: Continued slippage in performance should not be ignored


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS

DATE OF LAUNCH

8 NOVEMBER 2009

CATEGORY

EQUITY

TYPE

FLEXI CAP

AUM*

Rs.36,463 crore

BENCHMARK

NIFTY 500 TOTAL

RETURN INDEX

image-2

image-3


WHAT IT COSTS


NAV**

GROWTH OPTION

Rs.48.61

IDCW

Rs.29.35

MINIMUM INVESTMENT

Rs.5,000

MINIMUM SIP AMOUNT

Rs.500

EXPENSE RATIO*** (%)

1.55

EXIT LOAD

For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.

*AS ON 30 APRIL 2022
**AS ON 17 MAY 2022
***AS ON 31 MARCH 2022

FUND MANAGER

HARSHA UPADHYAYA

TENURE: 9 YEARS, 8 MONTHS

image-4

image-5

image-6

Recent portfolio changes

New Entrants: Bharat Forge

Complete Exits: Bharat Petroleum Corporation

Increasing allocation: Hindalco Industries, , Bharat Forge, , ,


Should you buy?


This fund got rechristened from Kotak Select Focus to Kotak Standard Multicap amid fund categorisation in 2018 and again to Kotak Flexicap last year as it was shifted to the flexi cap category to retain its market cap fluidity. Its approach remains unchanged, retaining a largecap tilt coupled with focused exposure in select sectors. The size of portfolio in terms of individual bets has reduced despite growth in fund corpus.

The fund has struggled to maintain its healthy track record in recent years, losing ground to index and category peers. However, its downside performance offers some respite. While the presence of a skilled fund manager provides comfort, continued slippage in performance should not be ignored.



Source link