A small cap mutual fund strategy offered by Kotak Mahindra Mutual Fund is called Kotak Small Cap Fund Direct-Growth. Since it was established on January 1, 2013, this fund has been around for nine years and nine months. Kotak Small Cap Fund Direct-Growth is a medium-sized fund in its category with 8,356 Crores in assets under management (AUM) as of June 30, 2022. The fund’s expense ratio is lower than what the majority of other small cap funds charge at 0.59%.
The 1-year returns on Kotak Small Cap Fund Direct-Growth are 3.96%. It has generated returns
of 20.54% on average every year since start. Every two years, the fund has quadrupled the amount invested in it.
The ability of Kotak Small Cap Fund Direct-Growth scheme to deliver returns consistently is comparable to most products in its class. It has a mediocre capacity to limit losses in a down market.
The Materials, Consumer Discretionary, Chemicals, Metals & Mining, and Capital Goods sectors are where the fund holds the majority of its investments. Compared to other funds in the category, it has taken less exposure in the Materials and Consumer Discretionary sectors.
Century Plyboards (India) Ltd., Carborundum Universal Ltd., Sheela Foam Ltd., Galaxy Surfactants Ltd., and Ratnamani Metals & Tubes Ltd. are the top 5 holdings of the fund.
Fund Key Highlights :
1. Current NAV: As of October 3, 2022, the Kotak Small Cap Fund – Direct Plan’s Current Net Asset Value for the Growth option is Rs 187.29.
2. Returns: It has lagging returns of 8.66% after one year, 37.09% after three years, 19.74% after five years, and 20.81% after ten years (since launch). In contrast, category returns for the same period of time are: 7.28 (over a year), 31.5 (over a year), and 14.44%. (5yr).
3. Fund Size: As of August 31, 2022, the Kotak Small Cap Fund – Direct Plan had assets under management of Rs. 8355.6 crore.
4. Expense ratio: As of August 31, 2022, the expense ratio for the fund’s Direct plan is 0.59%.
5. Exit Load: “For units in excess of 10% of the investment,1% will be paid for redemption within 365 days” is the Exit Load for the Kotak Small Cap Fund – Direct Plan.
6. Minimum Investment: Rs. 5000 is the minimum necessary investment, and Rs. 1000 is the minimum extra investment. 1000 rupees is the minimum SIP investment.