Kotak MNC Fund Review – Kotak MNC Fund Review Direct NFO Open on 07 October2024 and Close on 21 Oct 2024. Kotak MNC Fund Direct NFO Allotment Date is 28 October 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open-ended equity scheme following multi-national companies (MNC) theme.
Scheme Benchmark : The performance of the Scheme is measured against Nifty MNC Index (Total Return Index (TRI)). Rationale for adoption of benchmark: The Nifty MNC Index comprises 30 listed companies on National Stock Exchange (NSE) in which the foreign promoter shareholding is over 50%. The composition of the aforesaid benchmark is such that, it is most suited for comparing the performance of the scheme. The AMC/Trustees may change benchmark in future for measuring performance of the scheme and as per the guidelines and directives issued by SEBI from time to time.
What Are MNCS ?
Indian Multinational Companies :- Any Indian company having more than 50% of its turnover / revenue / assets from regions outside India
JV of Foreign Company :- Any Indian company that is a Joint Venture (JV) with a foreign company where the Foreign Co will have more than 26% of shareholding / voting rights / equity capital
Trans National Companies :- Any company which operates in multiple countries and derives more than 50 % of revenue from such regions or has more than 50 % of its assets in such regions. Such regions refer to as regions / countries other than the parent country (where the company is incorporated / registered)
Subsidiaries of Foreign Company
The foreign promoters account for more than 50%
Kotak MNC Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Maruti Suzuki India Ltd. | 10.23 |
| Hindustan Unilever Ltd. | 9.91 |
| Nestle India Ltd. | 8.98 |
| Vedanta Ltd. | 8.10 |
| Britannia Industries Ltd. | 6.96 |
| Siemens Ltd. | 5.96 |
| Cummins India Ltd. | 4.80 |
| Colgate Palmolive (India) Ltd. | 4.69 |
| United Spirits Ltd. | 4.37 |
| ABB India Ltd. | 3.93 |
Kotak MNC Fund Important Date
| Scheme Offer | Kotak MNC Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 07 Oct 2024 |
| Close Date | 21 Oct 2024 |
| Allotment Date | 28 Oct 2024 |
| Category | Equity Schemes –Thematic Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty MNC Total Return Index |
Investment Objective of the Scheme ?
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of multi-national companies (MNC). However, there is no assurance that the objective of the scheme will be achieved.
Kotak MNC Fund Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
Kotak MNC Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related instruments of Multi-National Companies | 80 | 100 |
| Equity and Equity Related instruments Other than Multi-National Companies | 0 | 20 |
| Debt and Money Market Securities | 0 | 20 |
| Units of REITs & InvITs | 0 | 10 |
Manager Manage the Scheme?
Fund Manger : Mr. Harsha Upadhyaya
Qualification : Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, Post Graduate Diploma in Management (Finance) from Indian Institute of Management, Lucknow and Chartered Financial Analyst charter from the CFA Institute, US.
Experience : Mr. Harsha Upadhyaya has over two decades of rich experience spread over Fund Management and Equity Research. His prior stints have been with companies such as DSP BlackRock Investment Managers, UTI Asset Management Co. Ltd, Reliance Group, etc.
Fund Manger : Mr. Dhananjay Tikariha
Qualification : B. Tech, M. Tech, PGDM
Experience : Mr. Dhananjay Tikariha has overall 17 years of experience in Equity Research, Fund Management and Project Finance. Prior to joining KMAMC, he has also worked at IDFC Ltd.
Fund Manger : Mr. Abhishek Bisen
Qualification : B A Management, MBA Finance EPAF- IIM-C
Experience : Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Kotak MNC Fund Sector Representation
| Sector | Weightage |
|---|---|
| Fast Moving Consumer Goods | 37.90 |
| Capital Goods | 23.65 |
| Automobile and Auto Components | 14.73 |
| Metals & Mining | 8.10 |
| Healthcare | 3.99 |
| Construction Materials | 3.55 |
| Information Technology | 2.51 |
| Chemicals | 1.66 |
| Oil, Gas & Consumable Fuels | 1.11 |
| Financial Services | 1.06 |
| Diversified | 0.89 |
| Consumer Durables | 0.86 |
Kotak MNC Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 7.31 | 34.59 | 48.35 | 19.32 | 12.42 |
| Total Return | 7.77 | 35.58 | 49.76 | 20.83 | 14.09 |
Where Will the Scheme Invest ?
- Equity and equity related securities including convertible bonds and debentures and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Debt obligations of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee (including but not limited to Indian Government Bond, State Development Loans issued and serviced at the Public Debt Office, Bonds issued by Central & State Government PSU’s which are guaranteed by Central or State Governments).
- Corporate debt (of both public and private sector undertakings) including Nonconvertible debentures (including bonds) and non-convertible part of convertible securities.
- Short Term Deposits of banks (both public and private sector) and development financial institutions to the extent permissible under SEBI Regulations.
- Money market instruments permitted by SEBI/RBI, having maturities of up to one year but not limited to. Securitised Debt, not including foreign securitised debt.
- Investment in debt instruments having structured obligations / credit enhancements.
- Units of Mutual Funds Schemes.
- Units of overseas Mutual Funds schemes / ETFs(subject to withdrawal of SEBI restriction).
- ADRs, GDRs or other foreign securities.
- Securities Lending & Borrowing as permitted by SEBI from time to time.
- Investment in units of Real Estate Investment Trust (‘REIT’) & Infrastructure Investment Trust (‘InvIT’).
- Any other domestic fixed income securities as permitted by SEBI / RBI from time to time.
- Derivative instruments like, index futures, stock futures, index options, stock option, warrants, convertible securities, or any other derivative instruments that are permissible or may be permissible in future under applicable regulations.
Also Read: Axis Nifty500 Value 50 Index Fund Review
Kotak MNC Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
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