Kotak Small Cap Mutual Fund may continue to underperform in the near term; what should investors do?

ET Wealth collaborates with Value Research to analyze the main mutual fundsWe analyse the key fundamentals of the fund, its portfolio and its performance to help you make an informed decision. investment decision.

BASIC DATA
RELEASE DATE

February 24, 2005
CATEGORY
EQUITY
GUY
SMALL CAPITALIZATION
AUM*
17,507 crores
BENCHMARK
NIFTY SMALL CAP 250
TOTAL PERFORMANCE INDEXHOW MUCH DOES IT COST?
NAV**
GROWTH OPTION
279.43 rupees
IDCW
121.90 rupees
MINIMUM INVESTMENT
100 rupees

MINIMUM SIP amount
100 rupees

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EXPENSE RATIO# (%)
1.64
LOAD OUTPUT
For units exceeding 10% of the investment, 1% will be charged for redemption within 365 days.

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*AS OF JULY 31, 2024
**AS OF SEPTEMBER 3, 2024
#AS JULY 31, 2024

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FUND MANAGER
HARISH BIHANI
10 MONTHS

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Recent changes in the portfolio
New participants
ICICI Lombard General Insurance Company (Jun).
Aster DM Healthcare, Bansal Wire Industries, The world of the cello (Jul).
Full outputs
Suprajit Engineering, VIP Industries (Jun).

Should you buy?
Initially operating as a mid-cap offering, this fund was repositioned as a small-cap fund in 2018. Its long-serving fund manager handed over the reins last year, but the core investment philosophy, which emphasizes quality and downside protection, remains. The fund’s positioning currently favors domestic companies, with a focus on leaders in the respective sectors. After a strong run between 2019 and 2021, its performance has taken a hit in recent years, driven by the market’s shift toward value stocks. The fund’s current manager continues to believe in the ability of high-quality companies to outperform over longer periods, and has increased the weighting in select names. The fund may continue to underperform in the near term until the market starts rewarding growth companies again.

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