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Name of the Scheme Kotak Focused Equity Fund Scheme TypeAn open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category |
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| Investment Manager Kotak Mutual Fund |
Face Value Rs. 10 |
| Additional Purchase (Non-SIP) Rs. 1000/- and in multiples of Rs. 1 for purchases and for switches. |
Fund Manager Ms. Shibani Kurian & Mr. Harish Krishnan will be the Fund Managers for the Scheme. Mr. Arjun Khanna will be the Dedicated Fund Manager for investments in foreign securities. |
| SIP Rs. 1000/- (Subject to a minimum of 6 SIP installments of Rs. 1000/- each) |
Benchmark Nifty 200 TRI |
| NFO Period June 25 – July 09, 2019 |
Minimum Application Amount Rs. 5000/- (Plus in multiple of Re. 1 for purchase and for Rs. 0.01 for switches) |
The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies.
However, there is no assurance that the objective of the scheme will be realized.
The asset allocation under the Scheme, under normal circumstances, is as follows:
| Investments | Indicative Allocation | Risk Profile |
|---|---|---|
| Equity and Equity related instruments# | 65 – 100 % | Medium – High |
| Debt & Money Market instruments | 0 – 35 % | Low – Medium |
| Units issued by REITs and InvITs | 0 – 10 % | Medium – High |
Subject to overall limit of 30 stocks across market capitalization.
- Debt instruments shall be deemed to include securitized debts (excluding foreign securitized debt) and investment in securitized debts may be upto 50% of Debt and Money Market instruments. This will also include margin money for derivative transactions.
- Money Market instruments includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.
The Scheme will invest up to a maximum 35% of its net assets in foreign securities as specified in the SEBI circular – SEBI/MD/CIRNo.7/104753/07 dated September 26, 2007 and any subsequent amendments thereto specified by SEBI and/or RBI from time to time. Scheme may invest in GDRs/ADRs including overseas markets in GDRs/ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time.
The Scheme may participate in the corporate bond repo transactions and in accordance with extant SEBI/RBI guidelines and any subsequent amendments there to be specified by SEBI and/or RBI from time to time. The gross exposure of the scheme to repo transactions in corporate debt securities shall not be more than 10% of the net assets of the concerned scheme.
To reduce the risk of the portfolio, the Scheme may use various derivative and hedging products from time to time, in the manner permitted by SEBI.
The Scheme is allowed to lend securities subject to a maximum 50%, in aggregate, of the net assets of the Scheme and upto 50% of the net assets of the Scheme in the case of a single intermediary.
To achieve the investment objective, the scheme will invest in equity and equity linked instruments of up to 30 companies across market capitalization viz. Large cap, mid cap and small companies as defined under SEBI circular no. SEBI/HO/IM/DF3/CIR/P/2017/114 dated October 6, 2017 and as may be amended by SEBI from time to time. Currently the large cap companies are the 1st-100th, mid cap companies are 101st - 250th and small cap companies are 251st company onwards in terms of full market capitalisation. The list of stocks would be as per the list published by AMFI in accordance with the said circular and updated on half yearly basis.
The portfolio construction will be based on thematic approach to bottom up stock picking using the Business, Management and valuation (BMV) model. The Fund Manager will evaluate the business environment that a company operates in, the capability of the management to execute and scale up the business and valuation of the company based on fundamentals like discounted cash flows and PE ratios, etc.
The Scheme may invest in listed/unlisted equity shares as per the extant SEBI (Mutual Funds) Regulations, 1996 and amended by SEBI from time to time. The scheme may also invest in listed/unlisted and/or rated/unrated debt or money market securities, provided the investments are within the limits indicated in the asset allocation pattern. Investment in unrated debt securities is made with the prior approval of the Board of the AMC, provided the investment is in terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not within the parameters as mentioned above but within the limits prescribed under SEBI mutual fund regulations, approval of the Boards of both the AMC and the Trustee is taken before making the investment.