Fincash » Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund
Table of Contents
Kotak Standard Multicap Fund and Mirae Asset India Equity Fund both belong to Large Cap category of Mutual Funds. These schemes invest their corpus in shares of large cap companies having a Market capitalization of more than INR 10,000 crores. These companies are also referred to as bluechip companies and are known to provide steady growth and returns on a yearly Basis. Even during economic downturns, many investors try to invest in large cap companies. Though both Kotak Standard Multicap Fund and Mirae Asset India Equity Fund belong to the same category yet, there are differences between them. So, let us understand the differences between both the schemes through this article.
Kotak Standard Multicap Fund (earlier known as Kotak Select Focus Fund) is offered by Kotak Mutual Fund under large cap category of Equity Funds. The scheme is an open-ended scheme and was launched on September 11, 2009. The investment objective of the scheme is to attain Capital growth in the long-term from a Portfolio of equity and equity-related instruments by focusing on a few selected sectors. Kotak Standard Multicap Fund uses Nifty 200 Index as its benchmark to construct its portfolio. As on January 31, 2018, some of the top 10 constituents of Kotak Standard Multicap Fund’s portfolio include HDFC Bank Limited, Larsen and Toubro Limited, Reliance Industries Limited, and Maruti Suzuki India Limited. *Kotak Standard Multicap Fund is managed by Mr. Harsha Upadhyaya. The scheme works hard in trying to identify the sectors which are expected to do well in the medium term and takes exposure in these same sectors.
Mirae Asset India Equity Fund ( earlier known as Mirae Asset India Opportunities Fund) is open-ended large cap equity fund offered by Mirae Asset Mutual Fund. This scheme was launched in April 2008. The scheme aims to generate capital appreciation in the long-run by taking advantage of possible investment opportunities. This investment is predominantly done in equity or equity-related instruments. Mirae Asset India Equity Fund uses S&P BSE 200 Index as its base to build its portfolio. As on January 31, 2018, ICICI Bank Limited, Infosys Limited, State Bank of India, Kotak Mahindra Bank Limited, and Reliance Industries Limited. Some of the features of Mirae Asset India Equity Fund include focused on business, consistency of performance, and flexibility to invest across sectors. Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake.
Though both the schemes belong to the same category of large cap schemes yet; there is a difference between both of them. These differences between both the schemes are classified into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.
It is the first section in the comparison between the two schemes. The parameters that are compared in this section include Current NAV, Scheme Category, Fincash Rating, and so on. To begin with the Scheme Category, it can be said that both the schemes belong to Equity Large Cap category. The next parameter to be compared is Fincash Ratings. Even in this parameter, both the schemes have an equal rating that is, 5-Star. While comparing the NAV, we can see that there is a difference between the NAV of both the schemes in which Mirae Asset India Equity Fund leads the race. As on February 23, 2018, the NAV of Mirae Asset India Equity Fund was approximately INR 46 while of Kotak Standard Multicap Fund is approximately INR 32. The summary 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 ₹83.207 ↑ 1.53 (1.88 %) ₹51,094 on 30 Jun 24 11 Sep 09 ☆☆☆☆☆ Equity Multi Cap 3 Moderately High 1.35 2.5 -0.34 3.27 Not Available 0-1 Years (1%),1 Years and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹110.452 ↑ 1.85 (1.71 %) ₹39,951 on 30 Jun 24 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.21 1.52 -1.01 -3.19 Not Available 0-1 Years (1%),1 Years and above(NIL)
The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes. These returns are compared at different time intervals such as 1 Month return, 6 Month Return, 1 Year Return, and Return Since Inception. A holistic view of the performance section shows that there is not a considerable difference between the performance of both the schemes though at many points; the returns earned by Mirae Asset India Equity Fund are higher. The performance section is summarized in the table given below.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Kotak Standard Multicap Fund
Growth
Fund Details 1.4% 10.3% 21.2% 36.1% 18.2% 18.9% 15.2% Mirae Asset India Equity Fund
Growth
Fund Details 3.1% 10.2% 16.2% 25.3% 14.4% 16.8% 15.8%
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Comparison of absolute returns of both the schemes for a particular year is done in Yearly Performance Section. The comparison of yearly performance section shows that for certain years Mirae Asset India Equity Fund has generated more returns than Kotak Standard Multicap Fund while in other years the returns generated by Kotak are higher. The yearly performance comparison of both the schemes is as shown in the table given below.
Parameters Yearly Performance 2023 2022 2021 2020 2019 Kotak Standard Multicap Fund
Growth
Fund Details 24.2% 5% 25.4% 11.8% 12.3% Mirae Asset India Equity Fund
Growth
Fund Details 18.4% 1.6% 27.7% 13.7% 12.7%
It is the last section in comparison of both the schemes. The elements that form part of Other Details Section include AUM, Minimum SIP investment, Minimum Lumpsum Investment, Exit Load, and others. To begin with the Minimum Lumpsum Investment, we can say that the lumpsum amount for both the schemes is same that is, INR 5,000. The next parameter is Minimum SIP Investment, which is different for both the schemes. The SIP amount in case of Kotak Standard Multicap Fund is INR 500 while of Mirae Asset India Equity Fundis INR 1,000. Comparison of AUM for both the schemes reveals that the AUM of Kotak is higher than that of Mirae. As on January 31, 2018, the AUM of Mirae Asset India Equity Fund was approximately INR 6,612 crores while of Kotak Standard Multicap Fund was approximately INR 17,843 crores. The comparison summary of other details section is as shown in the table given below.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Kotak Standard Multicap Fund
Growth
Fund Details ₹500 ₹5,000 Harsha Upadhyaya - 11.91 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Misra - 5.42 Yr.
Kotak Standard Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,897 30 Jun 21 ₹13,362 30 Jun 22 ₹12,971 30 Jun 23 ₹16,105 30 Jun 24 ₹22,374 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,877 30 Jun 21 ₹13,671 30 Jun 22 ₹13,619 30 Jun 23 ₹16,282 30 Jun 24 ₹20,361
Kotak Standard Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.56% Equity 99.44% Other 0% Equity Sector Allocation
Sector Value Financial Services 23.62% Industrials 19.13% Basic Materials 18% Consumer Cyclical 13.08% Energy 7.3% Technology 5.99% Health Care 3.69% Consumer Defensive 3.27% Utility 2.8% Communication Services 2.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK6% ₹3,179 Cr 26,500,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL6% ₹2,998 Cr 98,000,000
↓ -2,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹2,593 Cr 15,400,000
↑ 1,825,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO4% ₹2,100 Cr 1,800,000
↓ -75,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL4% ₹2,089 Cr 20,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | AXISBANK4% ₹2,024 Cr 16,000,000
↓ -500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT4% ₹2,023 Cr 5,700,000
↓ -300,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN4% ₹2,021 Cr 23,800,000
↓ -1,200,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE4% ₹1,816 Cr 5,800,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | MARUTI3% ₹1,775 Cr 1,475,000
↓ -25,000 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.37% Equity 98.62% Other 0% Equity Sector Allocation
Sector Value Financial Services 36.99% Technology 12.74% Consumer Cyclical 8.09% Basic Materials 7.88% Energy 7.88% Consumer Defensive 6.93% Industrials 6.76% Health Care 5.3% Communication Services 3.99% Utility 1.56% Real Estate 0.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹4,034 Cr 23,959,554
↓ -560,771 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,007 Cr 25,065,475 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE7% ₹2,822 Cr 9,014,496
↓ -1,124,849 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,587 Cr 16,509,054 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK5% ₹1,968 Cr 15,557,041
↓ -982,886 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,439 Cr 9,965,971 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,438 Cr 4,052,241 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN4% ₹1,431 Cr 16,858,326
↓ -400,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,323 Cr 7,339,503
↓ -1,614,167 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,170 Cr 27,540,126
Therefore, to conclude, it can be said that both Kotak Standard Multicap Fund and Mirae Asset India Equity Fund differ in various parameters. As a consequence, individuals should be careful before Investing their money in any of the schemes. In addition, people should verify and analyze whether the scheme’s approach is in-line with their objectives or not. Moreover, if required people can even consult a financial advisor. This will help individuals to ensure that their money is safe as well as their objectives are attained on-time.
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