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 ₹60.235 ↑ 0.18 (0.30 %) ₹40,184 on 31 Jul 23 11 Sep 09 ☆☆☆☆☆ Equity Multi Cap 3 Moderately High 1.35 1.01 -1.12 1.75 Not Available 0-1 Years (1%),1 Years and above(NIL) Axis Focused 25 Fund
Growth
Fund Details ₹41.17 ↑ 0.07 (0.17 %) ₹15,629 on 31 Jul 23 29 Jun 12 ☆☆☆☆☆ Equity Focused 7 Moderately High 1.74 -0.12 -1.57 -11.7 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 0.5% 7.6% 13.1% 14.6% 19.7% 11.3% 13.7% Axis Focused 25 Fund
Growth
Fund Details -3.7% 4.1% 10.3% -0.6% 11.8% 6.9% 13.5%
Talk to our investment specialist
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 2022 2021 2020 2019 2018 Kotak Standard Multicap Fund
Growth
Fund Details 5% 25.4% 11.8% 12.3% -0.9% Axis Focused 25 Fund
Growth
Fund Details -14.5% 24% 21% 14.7% 0.6%
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 - 11.08 Yr. Axis Focused 25 Fund
Growth
Fund Details ₹500 ₹5,000 Shreyash Devalkar - 0.08 Yr.
Kotak Standard Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,875 30 Sep 20 ₹10,632 30 Sep 21 ₹16,162 30 Sep 22 ₹15,914 30 Sep 23 ₹18,910 Axis Focused 25 Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,985 30 Sep 20 ₹10,944 30 Sep 21 ₹17,719 30 Sep 22 ₹15,127 30 Sep 23 ₹15,783
Kotak Standard Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.74% Equity 99.26% Equity Sector Allocation
Sector Value Financial Services 27.97% Basic Materials 17.97% Industrials 17.84% Consumer Cyclical 11.65% Technology 7.22% Energy 5.38% Consumer Defensive 4.51% Health Care 3.07% Communication Services 1.95% Utility 0.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK8% ₹3,164 Cr 33,000,000
↓ -800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT5% ₹2,054 Cr 7,600,000
↓ -200,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹1,967 Cr 13,700,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO5% ₹1,929 Cr 2,325,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 5322155% ₹1,820 Cr 18,700,000
↓ -600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹1,807 Cr 11,500,796 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL4% ₹1,772 Cr 133,000,000 SRF Ltd (Basic Materials)
Equity, Since 31 Dec 18 | SRF4% ₹1,767 Cr 7,500,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN4% ₹1,544 Cr 27,500,000
↓ -800,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE4% ₹1,468 Cr 6,100,000 Axis Focused 25 Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.11% Equity 99.59% Debt 0.3% Equity Sector Allocation
Sector Value Financial Services 24.25% Basic Materials 17.38% Technology 11.23% Consumer Defensive 9.3% Health Care 7.48% Communication Services 5.67% Energy 3.9% Consumer Cyclical 3.21% Utility 3.15% Real Estate 0.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403769% ₹1,366 Cr 3,672,452
↓ -50,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000349% ₹1,297 Cr 1,810,534
↓ -100,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 28 Feb 18 | TCS8% ₹1,140 Cr 3,395,172
↓ -240,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Jun 16 | PIDILITIND7% ₹1,047 Cr 4,161,827
↓ -158,330 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jul 16 | NAUKRI6% ₹833 Cr 1,924,269
↓ -69,953 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 19 | DIVISLAB6% ₹814 Cr 2,265,049
↓ -100,761 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 16 | 5329784% ₹580 Cr 3,894,424 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE4% ₹574 Cr 2,382,716
↓ -220,000 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | 5003874% ₹552 Cr 232,097 PI Industries Ltd (Basic Materials)
Equity, Since 31 Jul 21 | PIIND4% ₹529 Cr 1,458,227
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.