Key Takeaways
- • Kotak Pioneer Fund has delivered a compounded annual growth rate of 20.97% since its inception in October 2019, outperforming its primary benchmark's 16.53% return over the same period, according to data as of September 30.
- • A ₹10,000 investment in the direct growth plan at inception would have grown to ₹37,706, compared with ₹29,027 for the benchmark and ₹20,871 for the Nifty 50 TRI, which returned an 11.13% CAGR.
- • Over five years the fund returned a 13.31% CAGR versus 10.96% for its benchmark, and over three years an annualised 18.84% versus 14.46%.
- • As of September 30, 17.20% of the fund's portfolio was invested in overseas mutual fund units, with assets under management of ₹4,294 crore.
Summary
Kotak Pioneer Fund has posted a compounded annual growth rate (CAGR) of 20.97% since its inception in October 2019, according to data as of September 30. Over the same period, its primary benchmark returned 16.53%. The benchmark is composed of 85% Nifty 500 TRI and 15% MSCI ACWI Information Technology Index TRI. A ₹10,000 investment in the direct growth plan at inception would have grown to ₹37,706, compared with ₹29,027 for the benchmark. The Nifty 50 TRI delivered a CAGR of 11.13% over the same period, with ₹10,000 growing to ₹20,871.
The fund's outperformance is consistent across shorter horizons. Over five years, it delivered a CAGR of 13.31%, compared with 10.96% for its benchmark. Over three years, its annualised return was 18.84%, against 14.46% for the benchmark.
The open-ended equity scheme invests in companies adopting innovations in technology, products, processes, distribution and business models. Its portfolio spans sectors and market capitalisations, including large-, mid- and small-cap companies. As of September 30, 17.20% of the portfolio was invested in overseas mutual fund units, providing exposure to international equity markets. The fund had assets under management of ₹4,294 crore.
The article notes that historical returns do not indicate future performance. Equity exposure across market capitalisations and overseas holdings expose investors to market volatility, currency movements and other risks. Investors are advised to assess the scheme's risk profile, portfolio composition and suitability before investing.
The fund's outperformance is consistent across shorter horizons. Over five years, it delivered a CAGR of 13.31%, compared with 10.96% for its benchmark. Over three years, its annualised return was 18.84%, against 14.46% for the benchmark.
The open-ended equity scheme invests in companies adopting innovations in technology, products, processes, distribution and business models. Its portfolio spans sectors and market capitalisations, including large-, mid- and small-cap companies. As of September 30, 17.20% of the portfolio was invested in overseas mutual fund units, providing exposure to international equity markets. The fund had assets under management of ₹4,294 crore.
The article notes that historical returns do not indicate future performance. Equity exposure across market capitalisations and overseas holdings expose investors to market volatility, currency movements and other risks. Investors are advised to assess the scheme's risk profile, portfolio composition and suitability before investing.
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