Kotak India EQ Contra Fund - Growth - Direct

About Kotak India EQ Contra Fund

Kotak India EQ Contra Fund, an open-ended fund scheme, generates capital appreciation from a portfolio of equity and equity-related instruments. The fund invests across various sectors; it majorly invests in the financial services sector, i.e. about 26%, followed by the energy sector where the share is around 16.5%.

Pros and Cons of Kotak India EQ Contra Fund

Though the open-ended fund scheme aims to generate long-term capital growth, the fund does not guarantee to achieve the investment objectives. The one-year returns of the fund have been lower than that of the category average returns. In addition, the risk-adjusted returns are lower than their counterparts in the category.

Fund Information and Statistics

i) Inception/Launch Date

Kotak India EQ Contra Fund was rolled out on 27 July 2005.

ii) Risk Level

The fund includes a moderately high risk profile as the investments are predominantly made on equity and equity-related securities.

iii) Redemption

There is no lock-in period for the invested principal amount. However, an exit load may be charged if you redeem the fund units within the specified time period.

iv) Fund Manager

Kotak India EQ Contra Fund has Ms Shibani Sircar Kurian as the current Fund Manager.

v) Entry/Exit Load

Entry load is not applicable on the purchase of mutual fund units. On the other hand, an exit load of 1% is chargeable if you redeem/switch out beyond 10% of the initial investment amount within one year from the date of allotment. After completing one year, no exit load is chargeable.

About Kotak Mahindra Mutual Fund

Kotak Mahindra Assets Management Company Limited (KMAMC) began its operations in December 1998. While the sponsor for the AMC is Kotak Mahindra Bank Limited, the trustee company is Kotak Mahindra Trustee Co. Limited. The AMC offers about 94 different folios to its customers as on 30 June 2020.