Background: Kotak Mahindra Asset Management Company Limited. manages Kotak Mahindra Mutual Fund (KMMF), a wholly owned subsidiary of Kotak Mahindra Bank Limited. Kotak Mahindra Mutual Fund launched its schemes in December 1998. The fund house manages assets worth Rs 28337.83 crore at the end of May 2009.
Kotak Opportunities Fund (G) an open-ended equity scheme launched in July 2004. The objective of the scheme is sought to generate capital appreciation from a diversified portfolio of equity and equity related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 32.91 as on 22 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 228.37 crore to Rs 910.03 crore in May 2009.
Kotak Opportunities Fund (G) took fresh exposure to seventeen new stocks in May 2009. The scheme has purchased 4.39 lakh units (2.18%) of Century Textiles & Industries, 7.48 lakh units (2.04%) of Indiabulls Real Estate and 6.00 lakh units (1.87%) of Canara Bank among others.
The scheme exited completely from Bharat Heavy Electricals by selling 49354 units (1.20%), Infrastructure Development Finance Company by selling 9.75 lakh units (1.10%) and Wipro by selling 2.22 lakh units (1.08%) among others in May 2009.
Sector-wise, the scheme took fresh exposure in Diversified-Mega at 2.18%, Diversified-Medium/Small at 1.81% and Computers-Software-Medium/Small at 1.00% among others in May 2009.
Sector-wise, the scheme exited completely from Electronics-Components at 1.06% Automobiles-Scooters and 3-Wheelers at 0.96% and Finance-Term-Lending Institutions 0.45% in May 2009.
The scheme had highest exposure to Reliance Industries with 2.35 lakh units (5.87% of portfolio size) followed by Bharti Airtel with 4.50 lakh units (4.06%), Aditya Birla Nuvo with 3.00 lakh units (3.06%) and Oil & Natural Gas Corporation with 2.30 lakh units (2.96%) among others in May 2009.
It reduced its exposure from Reliance Industries by selling 54462 units to 2.35 lakh units (by 1.80%), HDFC Bank by selling 90000 units to 45208 units (1.46%), State Bank of India by selling 90024 units to 1.37 lakh units (1.44%) and Bharti Airtel to 4.50 lakh units (0.56%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Construction at 9.29% (from 5.88% in April 2009), followed by Refineries at 7.54% (8.91%), Banks-Public Sector at 7.51% (5.93%) and Telecommunications-Service Provider at 7.16% (5.94%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 7.54% (by 1.37%), Computers-Software-Large to 4.45% (by 0.62%), Banks-Private Sector to 6.46% (by 0.60%) and Cigarettes to 1.14% (by 0.43%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 2.56% outperforming the S&P CNX 500 that gained 1.58% over 1 month period ended 22 June 2009.
Over 3 months period, the scheme advanced by 56.80% underperforming the S&P CNX 500 that gained 59.28%. It fell 7.03% more than the benchmark index that declined by 2.93% over 1 year period.
Kotak Opportunities Fund (G) an open-ended equity scheme launched in July 2004. The objective of the scheme is sought to generate capital appreciation from a diversified portfolio of equity and equity related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 32.91 as on 22 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 228.37 crore to Rs 910.03 crore in May 2009.
Kotak Opportunities Fund (G) took fresh exposure to seventeen new stocks in May 2009. The scheme has purchased 4.39 lakh units (2.18%) of Century Textiles & Industries, 7.48 lakh units (2.04%) of Indiabulls Real Estate and 6.00 lakh units (1.87%) of Canara Bank among others.
The scheme exited completely from Bharat Heavy Electricals by selling 49354 units (1.20%), Infrastructure Development Finance Company by selling 9.75 lakh units (1.10%) and Wipro by selling 2.22 lakh units (1.08%) among others in May 2009.
Sector-wise, the scheme took fresh exposure in Diversified-Mega at 2.18%, Diversified-Medium/Small at 1.81% and Computers-Software-Medium/Small at 1.00% among others in May 2009.
Sector-wise, the scheme exited completely from Electronics-Components at 1.06% Automobiles-Scooters and 3-Wheelers at 0.96% and Finance-Term-Lending Institutions 0.45% in May 2009.
The scheme had highest exposure to Reliance Industries with 2.35 lakh units (5.87% of portfolio size) followed by Bharti Airtel with 4.50 lakh units (4.06%), Aditya Birla Nuvo with 3.00 lakh units (3.06%) and Oil & Natural Gas Corporation with 2.30 lakh units (2.96%) among others in May 2009.
It reduced its exposure from Reliance Industries by selling 54462 units to 2.35 lakh units (by 1.80%), HDFC Bank by selling 90000 units to 45208 units (1.46%), State Bank of India by selling 90024 units to 1.37 lakh units (1.44%) and Bharti Airtel to 4.50 lakh units (0.56%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Construction at 9.29% (from 5.88% in April 2009), followed by Refineries at 7.54% (8.91%), Banks-Public Sector at 7.51% (5.93%) and Telecommunications-Service Provider at 7.16% (5.94%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 7.54% (by 1.37%), Computers-Software-Large to 4.45% (by 0.62%), Banks-Private Sector to 6.46% (by 0.60%) and Cigarettes to 1.14% (by 0.43%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 2.56% outperforming the S&P CNX 500 that gained 1.58% over 1 month period ended 22 June 2009.
Over 3 months period, the scheme advanced by 56.80% underperforming the S&P CNX 500 that gained 59.28%. It fell 7.03% more than the benchmark index that declined by 2.93% over 1 year period.
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