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Kotak Consumption

Kotak Consumption

All Cap
Consumption
Equity
India Super Value
Others
Emotionally driven
Investor Profile
1–7 yearsInvestment Horizon
HNI, UHNI, Retail Investor, Mass AffluentTarget Segments
SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit
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Kotak Consumption Fund Growth focuses on Indian consumer and retail companies for growth.

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What This Strategy Does

Kotak Consumption Reg Gr is an equity fund which captures India's ₹30 trillion consumption opportunity through a multi-cap portfolio, deploying capital across consumer cyclicals, healthcare, and consumer defensives to achieve broad-based earnings growth.

CW Expert Research Notes

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

Fund Performance

-1.2% AnnuallyAlpha
+0.0% vs +0.0% benchmarkSince Inception
+0.0% vs +0.0% benchmark3Y Annualized
+0.0% vs +0.0% benchmark5Y Annualized
Kotak Consumption
Benchmark Index
Fund Performance

Benchmark Performance Comparison

Kotak Consumption Fund
NIFTY 50
Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.
Risk Profile

Risk Profile

Standard Deviation19.0%
Maximum Drawdown-21.3% | Oct 2024
Sharpe Ratio-0.38
Beta0.96
Upside Capture99%

Detailed Risks

Market Risk

Potential recession and consumer demand contraction could undermine consumption-focused holdings, triggered by rising interest rates and inflation.

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Core Investment Theme

Captures India's rising consumption story through exposure to companies benefiting from the country's expanding middle class and increasing discretionary spending power. This theme capitalizes on secular growth tailwinds driven by favorable demographics, urbanization trends, and rising income levels.

Broader Market View

Market Outlook

The global economy faces headwinds from elevated inflation, tightening monetary policies, and geopolitical tensions. However, opportunities exist in sectors benefiting from secular trends like digitalization and sustainability.

Why This Strategy is Attractive Now

This strategy aims to capitalize on long-term structural trends by investing in companies with strong competitive advantages, robust business models, and attractive growth prospects across various sectors and regions.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth approach, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth strategy can offer exposure to companies with resilient business models, pricing power, and the ability to compound shareholder value through cycles.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with sustainable competitive advantages, strong balance sheets, and attractive growth runways, sourced through rigorous fundamental research and industry expertise. Selection: The portfolio construction suggests a preference for businesses with durable pricing power, high returns on capital, and the ability to reinvest cash flows at incrementally higher rates of return. Valuation discipline is also a consideration. Construction: The strategy is constructed through a bottom-up stock selection process, emphasizing prudent diversification across sectors while maintaining an overweight to areas with structural growth tailwinds. Risk management is an integral part of portfolio construction.
Portfolio Holdings Overview

Portfolio Holdings Overview

SectoralAllocation
Services28.15%
Technology1.12%
Capital Goods14.42%
Consumers56.31%

Geographic Allocation

Domestic100%
Top Stock Holdings

Top Stock Holdings

CompanySectorAllocation
Eternal LtdConsumers7.87%
Maruti Suzuki India LtdConsumers6.98%
Bharti Airtel LtdServices6.56%
Hero MotoCorp LtdConsumers5.31%
Hindustan Unilever LtdConsumers3.51%
ITC LtdConsumers3.42%
Park Medi World LtdServices3.24%
United Foodbrands LtdConsumers3.16%
Acutaas Chemicals LtdCapital Goods3.15%
Britannia Industries LtdConsumers3.08%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Fund Manager Track Record

DS

Devender Singhal

Lead Portfolio Manager

Mr. Devender Singhal has experience of 25 years. Manages 62 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹43,341 Cr Holds a B.A.(Hons. degree.

AB
Abhishek Bisen
Co-Portfolio Manager

Mr. Abhishek Bisen has experience of 23 years. Manages 468 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹78,491 Cr Holds a M.B.A. degree.

CW Expert Take
CW Expert Take

Kotak brings banking-grade risk assessment to fund management. Their strength is in identifying mispriced opportunities while maintaining portfolio quality. The equity teams focus on sustainable business models, while their debt strategies emphasize credit selection and liquidity management—reflecting the parent group's risk culture.

Team

48 years

Combined Team Experience

AUM

₹ 1,21,832 Cr

Assets Under Management

Firm OverviewFirm Overview

AMCKotak Mahindra Asset Management Co Ltd
Total AUM₹5,80,249.31 Cr

Investment Philosophy & Approach

Disciplined Approach

Disciplined Approach

Kotak AMC follows a disciplined, team-based investment approach underpinned by robust processes.

Risk Management

Risk Management

The firm emphasizes rigorous risk management with a focus on portfolio stability.

Long-Term Mindset

Long-Term Mindset

Kotak AMC maintains a long-term capital allocation mindset aligned with investor interests.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

iconCosts and Fees

Total Expense Ratio (TER)2.33%
Exit Load1%

iconRegulatory & Tax Information

INF174KA1PM5
verified
ISIN
DailyDealing Frequency
BSE 500 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)
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