kotak Equity Arbitrage Fund | Best Equity arbitrage fund India | Best Open Ended Equity Growth Scheme | Invest in equity arbitrage market

Kotak Equity Arbitrage Fund
(Open-Ended Equity Growth Scheme)

An open ended equity oriented scheme that aims to generate income and capital appreciation by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and in debt and money market securities. The scheme evaluates the difference between price of a stock in futures and spot market and enters into only those trades where there is a potential arbitrage available. The fund manager may square off or roll over the positions depending on the opportunities available. The scheme is suitable for investors who have an investment horizon of 3 months and above and who want to participate in equity arbitrage market for returns better than cash funds.

Sept 29, 2005

Mr. Deepak Gupta, Mr. Abhishek Bisen

Scheme Details as on 31/12/2011

Portfolio as on 31/12/2011

Allocation Pattern

Dividends in the scheme

AAUM as on 31/12/2011

Close

Corpus - Rs. 125.61 Crores

Scheme Information Document

Application Form

The long term outlook continues to remain positive for Indian equities as the economic growth momentum remains healthy with real GDP growth remaining at around 8%. We expect this growth to result in healthy corporate earnings and the earnings growth to translate on growth in equity markets. While the long term positive outlook remaining intact, the near term challenges can influence markets as it gets impacted by events / newsflows that can have a near term negative implications. Currently, the economy & markets across the globe (including India) are facing headwinds arisen from the rising crude oil prices post the politically relevant events playing out in Middle East & European region. In the Indian context, an additional factor to monitor is the tightening interest rate cycle and the inflationary pressures being generated as a corollary to growth. However, in the overall context of positive demography, economic growth & earnings momentum, we continue to remain positive with a medium term outlook.

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• Investment Objective

To generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

• Investment Pattern

• Benchmark Index

The asset allocation under normal circumstances will be as follows:

Investments	Indicative Allocation	Risk Profile
Equity and equity related instruments including derivatives	65% to 90%	Medium to High
*Debt and money market instruments including margin money deployed in derivatives transactions	10% to 35%	Low

*Debt securities / instruments are deemed to include securitized debt and investment in securitized debt will not exceed 50% of the debt portion of the scheme.

The asset allocation as given under normal circumstances is indicative and may vary according to circumstances at the sole discretion of the Fund Manager. Review and rebalancing will be conducted when the asset allocation falls outside the range indicated above, within a reasonable period of time.

The asset allocation under defensive circumstances will be as follows:

Investments	Indicative Allocation	Risk Profile
Equity and equity related instruments including derivatives	0% to 65%	Low to Medium
*Debt and money market instruments including margin money deployed in derivatives transactions	35% to 100%	Low

*Debt securities / instruments are deemed to include securitized debt and investment in securitized debt will not exceed 50% of the debt portion of the scheme.

Defensive circumstances are when the arbitrage opportunities in the market place are negligible or returns are lower than alternative investment opportunities as per allocation pattern. The allocation under defensive considerations will be made keeping in view the interest of the unitholders.

CRISIL Liquid Fund Index.

• Investment Horizon

• Estimated Recurring Expenses

• Actual Expense Ratio

Above 3 months

2.25%

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• Investment Options

• Dividend Frenquency

Growth, Dividend Payout, Dividend Re-Investment.

Monthly - Monday preceding the last Thursday of every calendar month.

• Minimum Investment

• Cheques / DD to be drawn in favour of

Initial : Rs. 5000/-
Additional : Rs. 1000/-
Systematic : Rs. 1000/-

Kotak Equity Arbitrage

• Minimum Redemption Size

• Payout Schedule

Rs. 1000/- or 100 units
Note : If the holding is less than Rs. 1000 or 100 units, the entire balance will be redeemed as and when redemption request is received from the investor.

Transaction day + 3 working days.

• Cut off for Transactions

3 PM

• Entry Load

• Exit Load

Nil

For redemptions/switch outs (including SIP/STP) within 90 days from the date of allotment of units, irrespective of the amount of investment: 0.50%
For redemptions/ switch outs (including SIP/STP) after 90days from the date of allotment of units, irrespective of the amount of investment: NIL

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