Kotak Pioneer Fund has delivered a compounded annual growth rate (CAGR) 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, which comprises 85% Nifty 500 TRI and 15% MSCI ACWI Information Technology Index TRI.
The Nifty 50 TRI delivered a CAGR of 11.13% over the same period, with ₹10,000 growing to ₹20,871.
Over the five-year period, the fund delivered a CAGR of 13.31%, compared with 10.96% for its primary benchmark. Over three years, its annualised return stood at 18.84%, against 14.46% for the benchmark.
Kotak Pioneer Fund is an open-ended equity scheme that 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 fund’s portfolio was invested in overseas mutual fund units, providing exposure to international equity markets alongside domestic investments. The fund had assets under management of ₹4,294 crore.
What investors should consider
The fund’s historical returns reflect its performance over the specified periods and do not indicate what investors may earn in the future. Its exposure to equities across market capitalisations, as well as overseas investments, can expose investors to market volatility, currency movements and other risks.
Investors should assess the scheme’s risk profile, portfolio composition and suitability for their financial goals and investment horizon before investing. Past performance does not guarantee future returns.
NOTE TO READERS
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.