Kotak Infrastructure and Economic Reform Fund – Standard Plan
Kotak Infrastructure and Economic Reform Fund – Standard Plan is an equity Infrastructure Sector Fund from the house of Kotak Mahindra Mutual Fund. It is a 9-year-old fund launched on 01 January 2013 (Direct Plan). Its regular plan was launched on 25 February 2008.
The fund is a highly risky rated open-ended equity sectoral fund. The fund has been rated 4-star by Value Research and 5-star by Mutual Fund Rating agency CRISIL, respectively. The fund has delivered positive returns over the years, it has given better than category average returns over the years. The fund has given above-average performance among peer funds.
Under the Direct Plan Growth Option of the fund, its assets under management (AUM) are Rs 533.29 crore. The expense ratio of the fund is 1.16%, which is almost equal to its category average expense ratio of 1.17%. Its Net Asset Value (NAV) declared on 22 July 2022 is Rs. 37.599. The benchmark of the fund is Nifty Infrastructure TRI.
Investment
The minimum amount required for lump sum investment is Rs 5,000 and for SIP it is Rs 1,000, respectively. The fund also allows for additional investment, for additional investment the amount is Rs 1,000.
This fund has no lock-in period, however, it charges 1% on redemption for units in excess of 10% of the investment if redeemed within 365 days of the investments.
Annualised Returns
Lump Sum Investment
It has given an annual average return of 16.06% since its inception.
| 1-Year | 2-year | 3-year | 5-Year |
|---|---|---|---|
| 16.33% | 42.18% | 20.21% | 11.45% |
SIP Investment Returns
| 1-Year | 2-year | 3-year | 5-Year |
|---|---|---|---|
| 13.74% | 32.30% | 30.82% | 19.43% |
Portfolio
This fund has the majority of investments around 96.79% in domestic equities out of which the majority of investments around 33.7% are in Large cap stocks, 18.95% in mid-cap stocks and 29.03% in small-cap stocks, respectively.
The fund has major investments in the Capital Goods, Energy, and Construction sectors followed by other sectors such as Materials, Metals & Mining, services, Communication, Chemicals, Consumer Discretionary, and automobiles. Fund’s top 10 holdings equity holding includes Schaeffler India, Reliance Industries, Solar Industries, Bharti Airtel, Thermax, Larsen & Toubro, AIA Engineering, Container Corporation of India, Ultratech Cement and Indraprastha Gas.
