Kotak Mahindra Mutual Fund offers a Contra mutual fund scheme called Kotak India EQ Contra Fund Direct-Growth. This fund was launched on January 1, 2013, making it 11 years old. The Kotak India EQ Contra Fund Direct-Growth has assets under management (AUM) of ₹3,500 crores, making it a medium-sized fund in its category.
The majority of the fund’s money is invested in the financial, energy, technology, capital goods and consumer staples sectors. It has less exposure to the financial and energy industries than other funds in the category.
Kotak India EQ Contra Fund Performance
Kotak India EQ Contra Fund Direct-Growth returns for the previous year were 51.89%. It has delivered 18.81% average yearly returns since its launch. Every three years, the fund doubles the amount invested in it.
Kotak India EQ Contra Fund Direct-Growth scheme’s ability to provide consistent returns is similar to that of the majority of funds in its category. Its capacity to manage losses in a sinking market is average.
Kotak India EQ Contra Fund Returns
| Period | Kotak India EQ Contra Fund | Category average |
|---|---|---|
| 1 month | 2.45% | 2.57% |
| 3 months | 14.2% | 13.29% |
| 6 months | 25.17% | 24.24% |
| 1 year | 51.14% | 47.2% |
| 3 years | 26.73% | 26.77% |
| 5 years | 25.53% | 26.96% |
Kotak India EQ Contra Fund Top 5 Holdings
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
ICICI Bank Ltd.
|
Financial | Equity | 4.61% |
|
HDFC Bank Ltd.
|
Financial | Equity | 3.51% |
|
Reliance Industries Ltd.
|
Energy | Equity | 3.17% |
|
State Bank of India
|
Financial | Equity | 2.83% |
|
Infosys Ltd.
|
Technology | Equity | 2.75% |
Kotak India EQ Contra Fund Suitability
You may anticipate returns from fixed income options and gains that easily surpass the inflation rate when you invest for five years or more. However, be ready for fluctuations in the value of your investment along the way.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.