Table of Contents
Kotak Standard Multicap Fund and Axis Focused 25 Fund both the Mutual Fund schemes belong to the large-cap category of equity fund. These schemes invest their corpus in equity and equity-related instruments of companies whose Market capitalization is above INR 10,000 crores. These companies are considered to be the market leaders in their Industry and generate steady returns and profit over a given time frame. Even during economic downturns, the share price of large-cap companies does not fluctuate much and many individuals tend to invest in large-cap shares. Though both Kotak Standard Multicap Fund and Axis Focused 25 Fund belong to the same category of Large cap funds, yet; they differ on account of various parameters. So, let us understand the differences between Kotak Standard Multicap Fund and Axis Focused 25 Fund through this article.
Kotak Standard Multicap Fund (earlier known as Kotak Select Focus Fund) is offered by Kotak Mutual Fund under the large-cap category of Equity Funds. It is an open-ended scheme which was launched in the month of September 2009. The objective of this scheme is to achieve long-term Capital appreciation from a Portfolio of equity and equity-related securities generally focused on a few sectors. Kotak Standard Multicap Fund uses Nifty 200 as its benchmark index to construct its portfolio. As on March 31, 2018, some of the top holdings of Kotak Standard Multicap Fund’s portfolio included Hero MotoCorp Limited, Reliance Industries Limited, Larsen and Toubro Limited, and Maruti Suzuki India Limited. Kotak Standard Multicap Fund is solely managed by Mr. Harsha Upadhyaya.
Axis Focused 25 Fund is a part of large-cap Mutual Fund offered by Axis Mutual Fund. This open-ended large-cap fund was launched on June 29, 2012, and uses NIFTY 50 as its index to construct the portfolio. The objective of Axis Focused 25 Fund is to generate long-term capital appreciation by Investing in a concentrated portfolio consisting of equity and equity-related instruments to a maximum of 25 companies. As on March 31, 2018, some of the holdings that constituted Axis Focused 25 Fund’s portfolio consisted of Bajaj Finance Limited, HDFC Limited, Shree Cements Limited, and Supreme Industries Limited. Axis Focused 25 Fund is also managed solely by Mr. Jinesh Gopani. Some of the highlights of this scheme are embedded risk management system to manage the risk of portfolio concentration and high conviction investing with a maximum of 25 stocks in the portfolio.
Kotak Standard Multicap Fund and Axis Focused 25 Fund differ from each other on various parameters though they belong to the same category. So, let us compare and understand the differences between both the schemes that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.
It is the first section in the comparison of both the schemes. The comparable elements in this section include Fincash Rating, scheme category, and current NAV. The comparison of Fincash Rating reveals that, both the schemes are rated as 5-Star schemes. Similarly, with respect to scheme category, it can be said that both the schemes are a part of Equity Large-Cap Category. The comparison of AUM shows that there is a difference between the AUM of Kotak Standard Multicap Fund and Axis Focused 25 Fund with Kotak’s scheme leading the race. As on April 20, 2018, the AUM of Kotak Standard Multicap Fund is approximately INR 32 while of Axis Focused 25 Fund is approximately INR 27. The summary comparison of basics section is tabulated as follows.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load Kotak Standard Multicap Fund
Growth
Fund Details ₹70.822 ↑ 0.13 (0.18 %) ₹45,112 on 29 Feb 24 11 Sep 09 ☆☆☆☆☆ Equity Multi Cap 3 Moderately High 1.35 2.19 -1 -2.8 Not Available 0-1 Years (1%),1 Years and above(NIL) Axis Focused 25 Fund
Growth
Fund Details ₹48.6 ↑ 0.20 (0.41 %) ₹13,538 on 29 Feb 24 29 Jun 12 ☆☆☆☆☆ Equity Focused 7 Moderately High 1.74 1.41 -1.88 -10.98 Not Available 0-12 Months (1%),12 Months and above(NIL)
This section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at different time periods. These returns are compared at different time periods such as 1 Month Return, 3 Month Return, 6 Month Return, and 5 Year Return. On a hindsight, the performance of both the schemes reveals that Axis Focused 25 Fund has done better as compared to Kotak Standard Multicap Fund. The table given below shows the summary comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Kotak Standard Multicap Fund
Growth
Fund Details 0.8% 4.3% 14.4% 36.5% 17% 15.2% 14.4% Axis Focused 25 Fund
Growth
Fund Details 3.2% 5.9% 14.4% 35.9% 9.3% 12.7% 14.4%
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This section compares the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section reveals that for certain years, Axis Focused 25 Fund has performed better while for certain years, Kotak Standard Multicap Fund has done better. The summary of yearly performance section is as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 Kotak Standard Multicap Fund
Growth
Fund Details 24.2% 5% 25.4% 11.8% 12.3% Axis Focused 25 Fund
Growth
Fund Details 17.2% -14.5% 24% 21% 14.7%
It is the last section that includes elements such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load. The comparison of the AUM reveals that the AUM of Kotak Standard Multicap Fund is higher as compared to Axis Focused 25 Fund. As on March 31, 2018, the AUM of Kotak was around INR 17,853 crores while that of Axis’s scheme was approximately INR 3,154 crores. The minimum lumpsum investment for both the schemes is same that is, INR 5,000. However, the minimum SIP investment in case of Kotak Standard Multicap Fund is INR 500 and of Axis Focused 25 Fund is INR 1,000. The table showing the factors under other details section are listed below as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Kotak Standard Multicap Fund
Growth
Fund Details ₹500 ₹5,000 Harsha Upadhyaya - 11.58 Yr. Axis Focused 25 Fund
Growth
Fund Details ₹500 ₹5,000 Sachin Relekar - 0.08 Yr.
Kotak Standard Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,914 28 Feb 21 ₹13,630 28 Feb 22 ₹15,318 28 Feb 23 ₹16,081 29 Feb 24 ₹21,350 Axis Focused 25 Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,841 28 Feb 21 ₹14,545 28 Feb 22 ₹16,492 28 Feb 23 ₹14,363 29 Feb 24 ₹17,995
Kotak Standard Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.63% Equity 99.37% Other 0% Equity Sector Allocation
Sector Value Financial Services 24.57% Industrials 19.16% Basic Materials 18.23% Consumer Cyclical 13.29% Technology 7.66% Energy 5.3% Consumer Defensive 4.14% Health Care 3.36% Communication Services 2.25% Utility 1.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK6% ₹2,841 Cr 27,000,000
↓ -2,000,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL5% ₹2,338 Cr 114,000,000
↓ -16,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT5% ₹2,173 Cr 6,250,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO5% ₹2,102 Cr 2,125,000
↓ -75,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY4% ₹2,009 Cr 12,000,000
↓ -1,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK4% ₹1,905 Cr 13,575,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 5322154% ₹1,881 Cr 17,500,000
↓ -900,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN4% ₹1,870 Cr 25,000,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | MARUTI4% ₹1,721 Cr 1,525,000 SRF Ltd (Basic Materials)
Equity, Since 31 Dec 18 | SRF4% ₹1,709 Cr 7,150,000 Axis Focused 25 Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.41% Equity 97.59% Equity Sector Allocation
Sector Value Financial Services 27.02% Basic Materials 14.31% Technology 11.56% Health Care 8.06% Consumer Cyclical 8.04% Consumer Defensive 6.91% Communication Services 6.76% Utility 5.27% Energy 4.6% Real Estate 3.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹1,123 Cr 1,636,856
↓ -34,742 Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 18 | TCS8% ₹1,066 Cr 2,792,844
↓ -76,480 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403767% ₹958 Cr 2,526,701
↓ -210,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Jun 16 | PIDILITIND6% ₹893 Cr 3,523,830
↓ -28,810 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 21 | ICICIBANK6% ₹856 Cr 8,323,068 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jul 16 | NAUKRI5% ₹742 Cr 1,475,402
↓ -299,462 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 19 | DIVISLAB5% ₹740 Cr 2,016,680
↓ -45,228 Torrent Power Ltd (Utilities)
Equity, Since 28 Feb 21 | 5327795% ₹730 Cr 7,023,691 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE5% ₹637 Cr 2,232,716 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 16 | 5329785% ₹634 Cr 3,894,424
Thus, in a nutshell, it can be said that both the schemes differ on account of various parameters. Resultantly, individuals should understand the modalities of the scheme completely and match it with their investment objective before choosing any of the schemes to invest. Investors, if required, can also consult a financial advisor. This will help them to attain their objectives on time.