Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund

Kotak Standard Multicap Fund and Mirae Asset India Equity Fund both belong to Large Cap category of Mutual Funds. These schemes invest their corpus in shares of large cap companies having a Market capitalization of more than INR 10,000 crores. These companies are also referred to as bluechip companies and are known to provide steady growth and returns on a yearly Basis. Even during economic downturns, many investors try to invest in large cap companies. Though both Kotak Standard Multicap Fund and Mirae Asset India Equity Fund belong to the same category yet, there are differences between them. So, let us understand the differences between both the schemes through this article.

Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus Fund)

Kotak Standard Multicap Fund (earlier known as Kotak Select Focus Fund) is offered by Kotak Mutual Fund under large cap category of Equity Funds. The scheme is an open-ended scheme and was launched on September 11, 2009. The investment objective of the scheme is to attain Capital growth in the long-term from a Portfolio of equity and equity-related instruments by focusing on a few selected sectors. Kotak Standard Multicap Fund uses Nifty 200 Index as its benchmark to construct its portfolio. As on January 31, 2018, some of the top 10 constituents of Kotak Standard Multicap Fund’s portfolio include HDFC Bank Limited, Larsen and Toubro Limited, Reliance Industries Limited, and Maruti Suzuki India Limited. *Kotak Standard Multicap Fund is managed by Mr. Harsha Upadhyaya. The scheme works hard in trying to identify the sectors which are expected to do well in the medium term and takes exposure in these same sectors.

Mirae Asset India Equity Fund (Erstwhile Mirae Asset India Opportunities Fund)

Mirae Asset India Equity Fund ( earlier known as Mirae Asset India Opportunities Fund) is open-ended large cap equity fund offered by Mirae Asset Mutual Fund. This scheme was launched in April 2008. The scheme aims to generate capital appreciation in the long-run by taking advantage of possible investment opportunities. This investment is predominantly done in equity or equity-related instruments. Mirae Asset India Equity Fund uses S&P BSE 200 Index as its base to build its portfolio. As on January 31, 2018, ICICI Bank Limited, Infosys Limited, State Bank of India, Kotak Mahindra Bank Limited, and Reliance Industries Limited. Some of the features of Mirae Asset India Equity Fund include focused on business, consistency of performance, and flexibility to invest across sectors. Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake.

Kotak Standard Multicap Fund Vs Mirae Asset India Equity Fund

Though both the schemes belong to the same category of large cap schemes yet; there is a difference between both of them. These differences between both the schemes are classified into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

It is the first section in the comparison between the two schemes. The parameters that are compared in this section include Current NAV, Scheme Category, Fincash Rating, and so on. To begin with the Scheme Category, it can be said that both the schemes belong to Equity Large Cap category. The next parameter to be compared is Fincash Ratings. Even in this parameter, both the schemes have an equal rating that is, 5-Star. While comparing the NAV, we can see that there is a difference between the NAV of both the schemes in which Mirae Asset India Equity Fund leads the race. As on February 23, 2018, the NAV of Mirae Asset India Equity Fund was approximately INR 46 while of Kotak Standard Multicap Fund is approximately INR 32. The summary of basics section is tabulated as follows.

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes. These returns are compared at different time intervals such as 1 Month return, 6 Month Return, 1 Year Return, and Return Since Inception. A holistic view of the performance section shows that there is not a considerable difference between the performance of both the schemes though at many points; the returns earned by Mirae Asset India Equity Fund are higher. The performance section is summarized in the table given below.

Yearly Performance Section

Comparison of absolute returns of both the schemes for a particular year is done in Yearly Performance Section. The comparison of yearly performance section shows that for certain years Mirae Asset India Equity Fund has generated more returns than Kotak Standard Multicap Fund while in other years the returns generated by Kotak are higher. The yearly performance comparison of both the schemes is as shown in the table given below.

Other Details Section

It is the last section in comparison of both the schemes. The elements that form part of Other Details Section include AUM, Minimum SIP investment, Minimum Lumpsum Investment, Exit Load, and others. To begin with the Minimum Lumpsum Investment, we can say that the lumpsum amount for both the schemes is same that is, INR 5,000. The next parameter is Minimum SIP Investment, which is different for both the schemes. The SIP amount in case of Kotak Standard Multicap Fund is INR 500 while of Mirae Asset India Equity Fundis INR 1,000. Comparison of AUM for both the schemes reveals that the AUM of Kotak is higher than that of Mirae. As on January 31, 2018, the AUM of Mirae Asset India Equity Fund was approximately INR 6,612 crores while of Kotak Standard Multicap Fund was approximately INR 17,843 crores. The comparison summary of other details section is as shown in the table given below.

Growth of 10k Investments over the years