Scheme Rating
IME Scheme Rating
The Scheme does not meet our selection criteria at this time
A call on the specific theme: We typically do not recommend Thematic funds to investors, since it requires getting in and out of the theme at the right time. Typically a strong contra approach (investing in themes when they are out of favour, and getting out when they are popular) leads to better performance, but this is very hard to actually implement in practice given strong behavioural instincts against such an approach (investors often end up entering themes post a run-up, which can often be the worst time to invest). In our view, thematic funds are primarily suitable for more astute investors who have a deep underlying understanding of the investment merits of the theme.
IME Strategy Rating
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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 Investment Approach Series II
Kotak Special Situation Value 1-Investment Strategy
Investing in specific opportunities- Special Situation & Value
Kotak Special Situations Fund seeks to invest in 2 specific types of specific opportunities – Special Situations & Value. Special situations refer to corporate events that can lead to value unlocking (such as demergers, delisting and corporate restructurings). The key attraction of these investments is that their returns tend to be relatively uncorrelated with market returns.
Trailing Performance
1yr | 3yr | 5yr | Since Inception | |
---|---|---|---|---|
Kotak Investment Approach Series II | 38.6 | 18.8 | 25.2 | 13.4 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 15.6 |
Alpha over Broad Mkt BM | -2.5 | 0.4 | 2.8 | -2.2 |
Performance as of: 30-Sep-24 | Inception Date: 19-Sep-17
Fund Managers
Fee Structure
Fee Structure | Fee |
---|---|
Fixed Fee Structure | |
Variable Fee Structures | 1.5% fixed + 20% above 10% hurdle |
Exit Fees | 1yr(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
AMC Pedigree
AMC Size
Team Pedigree
Inv Philosophy
Performance
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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.