Kotak Select Focus Fund – Rating & Review - Invest

Kotak Select Focus Fund – Rating & Review – Invest

Roboadviso     Mutual Funds Rating     Posted On, Fri 28th October, 2016     No comments
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Kotak Select Focus Fund - Rating Review - Invest

Kotak Select Focus Fund is an equity multi cap mutual fund. It is a relatively late entrant to the multi-cap party but has made quite an impression after its launch. Let us find out more about the fund in-depth and find if we should buy, sell or hold it.

Basic Information and Costs 

The fund was launched on September 11, 2009. This fund from the stable of Kotak Mahindra Mutual Fund, has benchmark as Nifty 200. From the point of riskometer, the fund is perceived to be ‘moderately high’.

The minimum investment for Kotak Select Focus Fund is Rs. 5000, the minimum SIP investment is Rs. 500. The turnover is 40 percent; the expense ratio is 2 percent (as on September 2016) and there is an exit load of 1 percent if you redeem the fund before 365 days. The AUM (Assets Under Management) size of the fund is Rs. 6,385 crore.

 Portfolio

Kotak Select Focus invests 93.27 percent in equities and 7.53 percent in debt.  The top five sectors the fund invests in are financial (25.65 percent), energy (14.26 percent), automobile (13.83 percent), construction (12.50 percent) and FMCG (9.37 percent).

The top ten holdings, Kotak Select Focus invests in are HDFC Bank (6 percent), Reliance Industries (4.94 percent),  ITC (4.36 percent), Ultratech Cement (4.08 percent), Hero MotoCorp (3.75 percent), Infosys (3.42 percent), The Ramco Cements (3.40 percent), Shree Cement (3.30 percent), IndusInd Bank (3.05 percent) and HPCL (3 percent).

Performance

Kotak Select Focus Fund has returned 15.89 percent, 28.48 percent, 19.98 percent per annum since the past 1, 3 and 5 years. On all counts, it has beaten the benchmarke returns and the category average. From a 5-year perspective, it has been helmed as the 5th best fund in the category. Since its launch, Kotak Select Focus fund has delivered 14.90 percent return per annum.

Analysis

Kotak Select Focus Fund can be compared to the likes of Birla Sun Life Special Situations Fund and Mirae Asset India Opportunities Fund in terms of returns but Kotak Select Focus beats it competitors with a low expense ratio of 2 percent.

The fund manager is Harsha Upadhyaya, who has been with the fund since 2012. Though the fund started out in 2009, it managed to beat its peers in the past five years.  Kotak Select Focus Fund adopts a top-down approach, looking for companies that have proven business models that are scalable, sustainable and have competitive edge in their respective businesses. The fund has capped the small and mid-cap exposure to 30 percent.

Kotak Select Focus however, has not experienced an extreme bear market since its launch. But it proved that it can manage the downside well in 2011.  Compared to other multi-cap funds, Kotak Select Focus has a higher degree of large cap exposure, which is more than 75 percent, as witnessed in the past two years.

 Should I invest, sell or hold SBI Bluechip Fund?

This is a good fund that has placed its bets on winning sectors and works on a strategy that delivers high alpha.  You can go ahead and invest in Kotak Select Focus fund

Pros

Excellent Performance
Excellent Fund Manager
Excellent Fund Size
Good Performance Consistency
Good Fund House
Low Expense Ratio

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