August 28, 2024
mayank
Kotak Nifty India Tourism Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Kotak Nifty India Tourism Index Fund Open Date, Close Date?
NFO opens on September 02, 2024
NFO will close on September 16, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors.
Basic Details
| Fund House | Kotak Mahindra Mutual Fund |
| Issue Open | 02 September 2024 |
| Issue Close | 16 September 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty India Tourism TRI |
What is the Benchmark Index of Kotak Nifty India Tourism Index Fund?
Nifty India Tourism Index aims to track the performance of stocks from the Nifty 500 Index which represent the travel and tourism theme. The largest 30 stocks from eligible basic industries are selected based on 6 month average free-float market capitalization. The weight of each stock in the index is based on its free-float market capitalization.
Nifty India Tourism Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Tourism Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.36 | 27.06 | 49.24 | 24.85 | 11.91 |
| Total Return | 3.39 | 27.19 | 49.57 | 25.17 | 12.63 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.43 | 24.87 | 26.51 |
| Beta (NIFTY 50) | 0.99 | 0.93 | 0.88 |
| Correlation (NIFTY 50) | 0.65 | 0.72 | 0.71 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 66.63 | 23.19 | 0.17 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| InterGlobe Aviation Ltd. | 19.76 |
| Indian Hotels Co. Ltd. | 18.20 |
| GMR Airports Infrastructure Ltd. | 14.80 |
| Indian Railway Catering And Tourism Corporation Ltd. | 12.22 |
| Jubilant Foodworks Ltd. | 9.33 |
| EIH Ltd. | 3.81 |
| Lemon Tree Hotels Ltd. | 3.01 |
| Sapphire Foods India Ltd. | 2.91 |
| Devyani International Ltd. | 2.91 |
| Chalet Hotels Ltd. | 2.40 |
Performance Review of the Fund Managers of Kotak Nifty India Tourism Index Fund?
1) Devender Singhal
Education: Mr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.
Experience: Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 — January 2009) ,Religare (February 2006 — June 2007), Karvy (July 2004 — January 2006), P N Vijay Financial Services Pvt Ltd(2001 — 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 — June 2000 ).
Past Performance of his Schemes
| Fund | Kotak Nifty 50 Value 20 ETF | It’s Benchmark | Kotak Nifty PSU Bank ETF | It’s Benchmark |
| 1 Year | 44.42 | 35.75 | 54.07 | 18.18 |
| 3 Year | 20.20 | 17.72 | 46.30 | 13.90 |
| 5 Year | 23.89 | 20.34 | 22.49 | 13.57 |
| 7 Year | 20.47 | 16.04 | 11.08 | 11.91 |
| 10 Year | — | — | 7.12 | 13.17 |
As on 28-08-2024
2) Satish Dondapati
Education: Mr. Dondapati has done MBA Finance
Experience: Prior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.
Past Performance of his Schemes
| Fund | Kotak BSE Sensex ETF | It’s Benchmark | Kotak Nifty 50 ETF | It’s Benchmark |
| 1 Year | 26.95 | 35.75 | 31.03 | 35.75 |
| 3 Year | 14.46 | 17.72 | 15.63 | 17.72 |
| 5 Year | 17.79 | 20.34 | 18.75 | 20.34 |
| 7 Year | 15.56 | 16.04 | 15.39 | 16.04 |
| 10 Year | 12.96 | 14.21 | 13.07 | 14.21 |
As on 28-08-2024
3) Abhishek Bisen
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, he 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.
Past Performance of his Schemes
| Fund | Kotak Multicap Fund | It’s Benchmark | Kotak Nifty Alpha 50 ETF | It’s Benchmark |
| 1 Year | 57.68 | 40.81 | 74.19 | 35.75 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 28-08-2024
Which Company Owns Kotak Nifty India Tourism Index Fund?
Kotak Mahindra Asset Management Company Ltd
Address: The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai – 400051
Website: https://www.kotakmf.com/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Kotak Nifty India Tourism Index NFO?
Guidance for Kotak Nifty India Tourism Index Fund by Paresh Gordhandas, C.A., Research Analyst.
This is the second fund to be launched under the theme of Tourism after the Tata Nifty India Tourism Index Fund launched in July 2024. The Index comprises of companies such as Indigo, GMR Airports, Indian Hotels, Lemon Tree, EIH, Jubilant Foodworks etc. Tourism as an industry has been rapidly surging in India due to rapidly growing middle class and their aspirations. Also, infrastructure development in India has supported the growth of tourism. The rapid growth of digitization has brought about a revolution in the tourism industry in India. For example, the online travel market is projected to touch $28 billion by the year 2029 and today more than 40% of the hotel bookings and a much bigger share of airline bookings are being done online. It has cut costs and increased productivity. Also, post COVID, the uncertainty of life has urged people to make time for leisure.
Hence, this passive fund has a good potential to generate returns in the longer time duration. The fund is being managed by three leading Fund Managers which is also a positive.
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