Kotak Flexicap Fund completes 14 years; offers 14.04% since inception
Kotak Flexicap Fund crossed a milestone of 14 years on September 11. The scheme has given 14.04% returns since its inception. The scheme manages assets worth Rs 40,086.25 crore, making it the second largest scheme based on assets managed in the flexi cap category.
Launched in 2009, Kotak Flexicap Fund (earlier known as Kotak Standard Multicap Fund) has offered 17.32% in 10 years, 12.93% in five years, and 21.60% in three years. During the same periods, the benchmark (Nifty 500 — TRI) offered 15.96%, 14.17%, and 24.51% respectively. This shows that the scheme has outperformed its benchmark only in the 10-year horizon.
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View Details»A monthly SIP made in the fund for a period of 10 years would have offered 14.49% returns. In the seven-year horizon, the scheme offered XIRR of 14.30%. In the five-year horizon, the scheme offered XIRR of around 16.47%. In the three-year horizon, the scheme has offered 16.01% SIP returns. An SIP investment would have offered 14.88% returns since inception.
If someone invested a lumpsum of Rs 1,00,000 in the fund when it was launched, the investment would have become Rs 6,30,090, with a CAGR of 14.04%.
Based on yearly returns in the last 10 years, the scheme outperformed its benchmark in seven years (in 2013, 2014, 2015, 2016, 2018, 2019, and 2022). It underperformed its benchmark only in 2017, 2020 and 2021. The name of the scheme changed in February 2021. It also became a flexi cap scheme. The scheme has underperformed its benchmark in 2020 and 2021. In 2022, it marginally outperformed its benchmark. It was keeping pace with the benchmark in this year.
The portfolio of the fund is diversified across 52
