The fund was ranked second in the multi-cap category of CRISIL Mutual Fund Rankings (CMFR) for the three quarters ended September 2018.
Kotak Standard Multi-cap Fund (erstwhile Kotak Select Focus) provides an opportunity to generate long-term capital appreciation by investing across large-cap, mid-cap and small-cap stocks. The fund was ranked second in the multi-cap category of CRISIL Mutual Fund Rankings (CMFR) for the three quarters ended September 2018. Harsha Upadhyaya, chief investment officer, equity at the asset management company (AMC), is also the fund manager and has been managing the scheme since April 2012. He manages three open-ended equity schemes with total assets under management (AUM) of Rs 24,481 crore (including Kotak Standard Multicap Fund) as on November 30, 2018. The fund's month-end AUM jumped from Rs 3,948 crore in December 2015 to Rs 21,369 crore in November 2018.
Trailing returns
The fund has outperformed its peers (funds ranked in the multi-cap category in CMFR - September 2018) across past one-year; two-, three-, five- and seven-years trailing periods. It outperformed the benchmark (Nifty 200 TRI) across all periods except the past one year and two years.
An investment of Rs 10,000 in the fund at the time of inception (September 11, 2009) would have grown to Rs 33,137 (13.7% CAGR) on January 08, 2019 vis-à-vis the benchmark's Rs 25,740 (10.66% CAGR) and the category's Rs 30,720 (12.78% CAGR).
SIP returns
A monthly investment of Rs 10,000 through a systematic investment plan (SIP) for seven years since February 2012 would have grown to Rs 14.63 lakh (XIRR 15.84%) as on January 08, 2019. A similar investment in the benchmark would have grown to Rs 12.98 lakh (XIRR 12.42%).
Risk-reward matrix
During the past three years, the fund has outperformed both its category as well as the benchmark and kept its volatility lower than that of the category and the benchmark average.
Portfolio analysis
During the past three years, the fund invested in 79 stocks and maintained average allocation of 72.2% to large caps, 14.7% to mid-caps and 3.7% to small-caps. The top five sectors constituted 56.37% of the fund's portfolio in November 2018.
In the last three years, sectors like banking, finance and petroleum products were some of the top contributors to the funds performance. Amongst these sectors, HDFC Bank, Reliance Industries, Bajaj Finance and IndusInd Bank were the top performers.
The fund consistently held 31 of the 79 stocks that it invested in during the past three years. The exposure to consistently held stocks was 59.7%. Among these stocks, Larsen & Toubro, Britannia Industries, ICICI Bank, Godrej Consumer Products and Bajaj Finserv outperformed the fund's benchmark over the past three years.
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SIP returns
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