Kotak Equity Opportunities Fund is an open-ended equity mutual fund managed by Kotak Mahindra Asset Management Company Limited.
Launched on September 9, 2004, the fund primarily invests in a diversified portfolio of equity and equity-related securities across various sectors and market capitalizations, aiming for long-term capital appreciation.
Fund Details:
- Fund Manager: Harsha Upadhyaya
- Benchmark Index: NIFTY LargeMidcap 250 TRI
- Expense Ratio: The expense ratio varies between the regular and direct plans. As of the latest available data, the regular plan has an expense ratio of approximately 1.80%, while the direct plan’s expense ratio is around 0.90%.
- Minimum Investment: The minimum initial investment is ₹5,000, with subsequent investments allowed in multiples of ₹1,000.
Kotak Equity Opportunities Fund Share Price
As of March 31, 2025, the Kotak Equity Opportunities Fund has the following Net Asset Values (NAVs):
- Direct Plan – Growth Option: ₹355.882
- Regular Plan – Growth Option: ₹310.982
The NAV represents the per-unit market value of the fund’s assets and fluctuates daily based on the performance of its underlying investments.
Portfolio Composition:
The fund maintains a diversified portfolio across various sectors, with significant allocations in:
- Financial Services: Approximately 30%
- Information Technology: Around 15%
- Consumer Goods: About 10%
- Healthcare: Roughly 8%
- Industrials: Nearly 7%
The top holdings typically include leading companies such as HDFC Bank, Infosys, ICICI Bank, and Reliance Industries.
Performance:
As of March 31, 2025, the fund has delivered the following annualized returns:
- 1-year: 12.5%
- 3-year: 14.8%
- 5-year: 13.2%
- Since Inception: 15.0%
Risk Factors:
Investing in the Kotak Equity Opportunities Fund involves market risks, including but not limited to:
- Market Risk: Fluctuations in stock prices due to economic developments, market sentiment, or company performance.
- Liquidity Risk: Potential difficulty in selling securities at fair market prices.
- Sector Concentration Risk: Overexposure to specific sectors may impact performance if those sectors underperform.
Tax Implications:
Gains from the fund are subject to capital gains tax as per prevailing tax laws:
- Short-Term Capital Gains (STCG): If units are redeemed within one year, gains are taxed at 15%.
- Long-Term Capital Gains (LTCG): For units held longer than one year, gains up to ₹1 lakh are tax-free; gains exceeding ₹1 lakh are taxed at 10% without indexation.
Conclusion:
Kotak Equity Opportunities Fund offers investors a chance to participate in a diversified equity portfolio managed by experienced professionals. While it has demonstrated consistent performance over the years, investors should assess their risk tolerance and investment objectives before investing. Consulting with a financial advisor is recommended to ensure alignment with individual financial goals.
Who is the Fund Manager of Kotak Equity Opportunities Fund
As of April 1, 2025, the Kotak Equity Opportunities Fund is managed by Harsha Upadhyaya and Arjun Khanna.
Harsha Upadhyaya
Harsha Upadhyaya has been managing the fund since August 4, 2012. He holds a Bachelor of Engineering (Mechanical) from the National Institute of Technology, Suratkal, a Post Graduate Diploma in Management (Finance) from the Indian Institute of Management, Lucknow, and is a Chartered Financial Analyst charterholder from the CFA Institute, USA.
With over 18 years of experience in equity research and fund management, he has been associated with Kotak Mahindra Asset Management Company since August 2012.
Arjun Khanna
Arjun Khanna has been managing the fund since October 2023. Specific details about his educational background and prior experience are not provided in the available sources.
Together, Upadhyaya and Khanna aim to achieve the fund’s objective of generating capital appreciation by investing in a diversified portfolio of large and mid-cap stocks across various sectors.
Kotak Equity Opportunities Fund Review
Kotak Equity Opportunities Fund is a Large & Mid Cap mutual fund scheme managed by Kotak Mahindra Mutual Fund.
Launched on September 9, 2004, the fund aims to invest in a mix of large and mid-cap stocks across various sectors, focusing on companies with strong performance and growth potential.
Investment Strategy:
The fund employs a combination of ‘top-down’ and ‘bottom-up’ approaches to stock selection, focusing on sectors expected to outperform and identifying high-potential companies within those sectors. It maintains a diversified portfolio across market capitalizations, with significant investments in both large and mid-cap stocks.
Portfolio Composition:
As of June 30, 2024, the fund’s top holdings include:
- HDFC Bank Ltd.
- Infosys Ltd.
- ICICI Bank Ltd.
- State Bank of India
- Bharat Electronics Ltd.
The portfolio is diversified across various sectors, with notable allocations in Financial Services, Engineering, Auto & Auto Ancillaries, Pharmaceuticals, and Petroleum.
Conclusion:
Kotak Equity Opportunities Fund has a strong track record of outperforming its benchmark and category average over longer time horizons.
While it may experience short-term underperformance during bullish market phases, it has shown resilience during market corrections, effectively managing downside risk.
Investors should consider their risk tolerance and investment objectives before investing in this fund.
Kotak Equity Opportunities Fund Portfolio
As of March 31, 2025, the Kotak Equity Opportunities Fund maintains a diversified portfolio across various sectors and market capitalizations. Below is a detailed breakdown of its holdings:
Top Equity Holdings:
| Company Name | Sector | Percentage of Assets |
| HDFC Bank Ltd. | Finance – Private Sector Banks | 6.44% |
| Infosys Ltd. | IT Consulting & Software | 4.28% |
| ICICI Bank Ltd. | Finance – Private Sector Banks | 3.64% |
| Zomato Ltd. | E-commerce/E-retail | 3.38% |
| State Bank of India | Finance – Public Sector Banks | 3.32% |
| Bharat Electronics Ltd. | Aerospace & Defense | 3.02% |
| Axis Bank Ltd. | Finance – Private Sector Banks | 2.76% |
| Larsen & Toubro Ltd. | Construction, Contracting & Engineering | 2.56% |
| Coromandel International Ltd. | Chemicals & Petrochemicals | 2.37% |
| Sun Pharmaceutical Industries Ltd. | Pharmaceuticals & Biotechnology | 2.23% |
Sector Allocation:
| Sector | Portfolio Weight |
| Banks | 17.42% |
| IT – Software | 9.52% |
| Pharmaceuticals and Biotechnology | 8.05% |
| Auto Components | 5.10% |
| Chemicals and Petrochemicals | 4.64% |
| Retailing | 4.54% |
| Petroleum Products | 4.53% |
| Finance | 4.31% |
| Gas | 4.02% |
| Aerospace and Defense | 3.41% |
Market Capitalization Allocation:
| Market Capitalization | Percentage |
| Large Cap | 57.12% |
| Mid Cap | 35.11% |
| Small Cap | 5.31% |
| Others | 2.46% |
This allocation reflects the fund’s strategy to balance investments across large and mid-cap companies, aiming to capitalize on growth opportunities while managing risk.
Kotak Equity Opportunities Fund Returns
As of March 31, 2025, the Kotak Equity Opportunities Fund has demonstrated the following performance across various time frames:
Regular Plan Growth Option:
| Time Period | Compound Annual Growth Rate (CAGR) | Value of ₹10,000 Investment |
| 1 Year | 3.79% | ₹10,378.96 |
| 3 Years | 16.66% | ₹15,875.54 |
| 5 Years | 22.08% | ₹27,113.24 |
| Since Inception (Sep 9, 2004) | 17.92% | ₹294,504.00 |
Direct Plan Growth Option:
| Time Period | Compound Annual Growth Rate (CAGR) | Value of ₹10,000 Investment |
| 1 Year | 11.69% | ₹11,168.58 |
| 3 Years | 17.84% | ₹16,361.66 |
| 5 Years | 28.15% | ₹34,556.18 |
| Since Inception (Sep 9, 2004) | 17.07% | ₹68,615.36 |
These figures illustrate the fund’s performance over different durations, highlighting its potential for long-term capital appreciation.
Investors should consider their financial goals and risk tolerance before making investment decisions.
Kotak Equity Opportunities Fund Regular Growth
As of March 31, 2025, the Kotak Equity Opportunities Fund – Regular Plan – Growth Option has demonstrated the following performance metrics:
NAV as of March 31, 2025: ₹310.9820
Trailing Returns:
| Time Period | Absolute Returns | Annualized Returns | Category Average | Rank within Category |
| 1 Year | 8.57% | 8.57% | 8.88% | 18/30 |
| 2 Years | 52.97% | 23.64% | 26.16% | 16/27 |
| 3 Years | 58.57% | 16.59% | 16.40% | 9/27 |
| 5 Years | 226.38% | 26.67% | 27.04% | 11/26 |
| 10 Years | 276.15% | 14.15% | 13.71% | 7/20 |
| Since Inception (Sep 9, 2004) | 3009.82% | 18.19% | 13.84% | 6/28 |
SIP Returns:
| Time Period | Total Investment (₹) | Latest Value (₹) | Absolute Returns | Annualized Returns |
| 1 Year | 12,000 | 11,565.76 | -3.62% | -6.64% |
| 2 Years | 24,000 | 27,137.84 | 13.07% | 12.29% |
| 3 Years | 36,000 | 45,867.79 | 27.41% | 16.37% |
| 5 Years | 60,000 | 96,174.45 | 60.29% | 18.93% |
| 10 Years | 120,000 | 281,763.50 | 134.80% | 16.27% |
Fund Details:
- Expense Ratio: 1.63%
- Assets Under Management (AUM): ₹22,852.62 crore (as of January 31, 2025)
- Fund Manager: Harsha Upadhyaya
- Benchmark: NIFTY Large Midcap 250 Total Return Index
- Risk Level: Very High
Investment Details:
- Minimum Initial Investment: ₹100
- Additional Investment: ₹100
- Minimum SIP Investment: ₹100
- Exit Load: 1% for redemption within 365 days for units in excess of 10% of the investment
Please note that mutual fund investments are subject to market risks, and past performance does not guarantee future returns. It’s advisable to consult with a financial advisor to ensure alignment with your investment objectives and risk tolerance.
Strengths of Kotak Equity Opportunities Fund
1) Strong Long-Term Performance:
- The fund has delivered consistent returns over long periods, outperforming its benchmark and peers in the mid-to-large-cap category.
2) Diversified Portfolio:
- Invests across large and mid-cap stocks, providing stability from large-cap investments and growth potential from mid-cap stocks.
3) Experienced Fund Management:
- Managed by Harsha Upadhyaya, a seasoned fund manager with a strong track record in equity investments.
4) Lower Volatility Compared to Peers:
- The fund has shown better risk-adjusted returns, meaning it has delivered higher returns per unit of risk taken compared to similar funds.
5) SIP Investment Flexibility:
- Investors can start investing with as little as ₹100 per month, making it an attractive option for both new and experienced investors.
6) Strong Asset Under Management (AUM):
- With ₹22,852.62 crore in AUM (as of Jan 2025), the fund has a well-established presence, adding to its credibility and stability.
Risks of Kotak Equity Opportunities Fund
1) High Market Volatility Risk:
- Being an equity mutual fund, its performance is highly dependent on stock market movements. Short-term fluctuations can impact returns.
2) Mid-Cap Exposure Risk:
- A significant portion of the portfolio is allocated to mid-cap stocks, which tend to be more volatile than large-cap stocks, leading to higher risk.
3) Sectoral Risks:
- High exposure to sectors like banking, IT, and pharma means the fund may face downturns if these sectors underperform.
4) Higher Expense Ratio:
- The expense ratio of 1.63% (for the regular plan) is relatively high, which could impact overall returns for investors.
5) Exit Load Charges:
- Investors redeeming more than 10% of their holdings within 365 days will be charged 1% exit load, which may discourage short-term investors.
6) Global Economic Uncertainty:
- Factors such as interest rate changes, inflation, and geopolitical tensions can affect market sentiment and impact the fund’s performance.
Final Verdict:
- Best for long-term investors looking for stable growth with some mid-cap exposure.
- Not ideal for short-term investors due to market volatility.
- Investors should assess their risk appetite before committing to this fund.
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