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Fincash » Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund

Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund

Updated on July 15, 2019 , 1616 views

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 (Erstwhile Kotak Select Focus Fund)

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 (Erstwhile Mirae Asset India Opportunities Fund)

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.

Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund

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.

Basics 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
BasicsNAV
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
₹35.738 ↑ 0.03   (0.07 %)
₹24,297 on 30 Apr 19
11 Sep 09
Equity
Multi Cap
3
Moderately High
2.01
0.29
0.38
1.71
Not Available
0-1 Years (1%),1 Years and above(NIL)
Mirae Asset India Equity Fund 
Growth
Fund Details
₹51.715 ↑ 0.12   (0.23 %)
₹12,315 on 30 Apr 19
4 Apr 08
Equity
Multi Cap
19
Moderately High
2.17
0.42
0.61
0.87
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Kotak Standard Multicap Fund
Growth
Fund Details
0.1%
-0.1%
7.5%
6.6%
12.6%
14.6%
13.8%
Mirae Asset India Equity Fund 
Growth
Fund Details
0.9%
-0.1%
7.5%
9.5%
13.9%
13.9%
15.7%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
Kotak Standard Multicap Fund
Growth
Fund Details
-0.9%
34.3%
9.4%
3%
57.9%
Mirae Asset India Equity Fund 
Growth
Fund Details
-0.6%
38.6%
8.1%
4.3%
52.9%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
Kotak Standard Multicap Fund
Growth
Fund Details
₹500
₹5,000
Harsha Upadhyaya - 6.83 Yr.
Mirae Asset India Equity Fund 
Growth
Fund Details
₹1,000
₹5,000
Neelesh Surana - 11.15 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Kotak Standard Multicap Fund
Growth
Fund Details
DateValue
30 Jun 14₹10,000
30 Jun 15₹12,640
30 Jun 16₹13,478
30 Jun 17₹16,721
30 Jun 18₹18,121
30 Jun 19₹20,074
Growth of 10,000 investment over the years.
Mirae Asset India Equity Fund 
Growth
Fund Details
DateValue
30 Jun 14₹10,000
30 Jun 15₹12,195
30 Jun 16₹12,745
30 Jun 17₹15,891
30 Jun 18₹17,474
30 Jun 19₹19,592

Detailed Assets & Holdings Comparison

Asset Allocation
Kotak Standard Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash3.17%
Equity96.83%
Other0%
Equity Sector Allocation
SectorValue
Financial Services37.54%
Industrials11.18%
Basic Materials10.51%
Energy9.84%
Technology7.42%
Consumer Cyclical6.51%
Consumer Defensive4.26%
Utility3.22%
Health Care1.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
7%₹1,788 Cr7,315,000
↓ -513,204
Triparty Repo
CBLO/Reverse Repo | -
7%₹1,782 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK
7%₹1,685 Cr38,550,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE
6%₹1,629 Cr13,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 532215
6%₹1,443 Cr17,850,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT
5%₹1,320 Cr8,500,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
4%₹1,005 Cr13,730,562
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 18 | TCS
4%₹913 Cr4,100,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN
3%₹777 Cr21,500,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO
3%₹718 Cr1,575,000
↑ 107,450
Asset Allocation
Mirae Asset India Equity Fund 
Growth
Fund Details
Asset ClassValue
Cash4.67%
Equity95.33%
Equity Sector Allocation
SectorValue
Financial Services35.26%
Consumer Cyclical10.31%
Technology10.22%
Energy7.85%
Industrials7.54%
Consumer Defensive7.5%
Basic Materials7.31%
Health Care6.26%
Utility2.39%
Communication Services0.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹1,118 Cr4,610,480
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹735 Cr17,348,291
↑ 511,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
5%₹681 Cr5,122,882
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
5%₹620 Cr7,674,614
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹538 Cr3,454,809
↑ 216,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
4%₹518 Cr14,687,389
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
4%₹512 Cr6,944,121
↑ 1,015,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
4%₹502 Cr2,284,972
↑ 221,180
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
3%₹400 Cr1,830,451
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
3%₹373 Cr543,000
↑ 20,000

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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