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Kotak Small & Midcap Equity

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

We do not recommend Kotak Small & Midcap Fund: Primarily on the back of relatively weak performance, and the lack of a core specialisation in mid-cap investing.

IME Strategy Rating

Fair Strategy: It is a seasoned portfolio (8-year+ track record) with a fairly broad mandate (no specifically identified investment style). A reasonable level of diversification (10-25 stocks — typically on the higher end of the range), helps reduce the risk associated with small & mid-cap stocks.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on Kotak Small & Midcap Equity

Type: Mid & Smallcap | GARP | AUM (59.6 cr) | Inc Date (30 Apr 2012)

Kotak Small & Midcap-Investment Strategy

Kotak PMS’s Small & Mid Cap Strategy aims to invest in between 10-25 small & mid-cap stocks (200-5000 cr market cap) with a bottom-up investment approach while remaining agnostic to business segments & sectors.

Trailing Performance

1yr 3yr 5yr Since Inception
Kotak Small & Midcap Equity 46.5 21.5 28 19.3
S&P BSE 500 TRI 38.9 21.1 22.5 15.1
Alpha over Broad Mkt BM 7.6 0.4 5.5 4.2
Nifty Midcap 150 54.6 27.7 30.5
Alpha over Category BM -8.1 -6.2 -2.5

Performance as of: 31-Jul-24 | Inception Date: 30-Apr-12

Fund Managers

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures1.5% fixed + 20% above 10% hurdle
Exit Fees1yr(2%), 2yr(1%)

AMC

AMC: Kotak PMS (click link for detailed AMC review)

Not a top recommendation due to being an MF-driven PMS: Within MF-driven PMS houses, Kotak PMS is one of the better-run PMS platforms. This is primarily driven by a relatively stable investment team and a more differentiated & defined investment style (relative to other AMC PMSs, but not pure-play investor-promoted PMS funds), which combined with the benefits of being a part of a larger financial conglomerate make it a reasonable choice for PMS investments.

AMC Rating

3 of 5 stars

AMC Pedigree

3 of 5 stars

AMC Size

4 of 5 stars

Team Pedigree

2 of 5 stars

Inv Philosophy

3 of 5 stars

Performance

1 of 5 stars

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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.

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