The ALPS Kotak India Growth Fund (INDAX) Portfolio Analysis


Jan. 16 2016, Updated 2:41 p.m. ET

The portfolio composition of INDAX

The ALPS Kotak India Growth Fund (INDAX) invests in large-cap blue-chip companies and seeks to achieve long-term capital appreciation. It also has some exposure to mid-cap and small-cap stocks. It intends to invest at least 80% of its net assets directly or indirectly in equity and equity linked securities of Indian companies.

INDAX’s investment methodology is a combination of the top-down and bottom-up approach. The fund is benchmarked against the MSCI India Index and the CNX 500 Index.

According to the latest complete portfolio information as of September 2015, the financial sector was the largest holding with a 31.1% weight. The chart above shows the sectoral composition of the portfolio.


Article continues below advertisement

Portfolio composition compared with the benchmark 

In the chart above, we have taken a comparative look at the portfolio composition of the fund with that of the benchmark MSCI India Index. Although financials comprise the biggest chunk of the INDAX, the benchmark has information technology as its biggest sector. There is a variation in the composition of other sectors too.

As of September 2015, the fund was invested into 59 holdings. The top ten holdings formed 37.9% of the portfolio. The top holdings included blue-chip stocks such as Infosys (INFY), HDFC Bank (HDB), Axis Bank, Tata Consultancy Services, ICICI Bank (IBN), and ITC Ltd (ITC).

As of September 2015, INFY was the top individual holding of INDAX, forming 5.7% of the portfolio. The top ten holdings of the fund matched closely with that of the MSCI India Index and the CNX 500 Index.

In the next article, we will analyze the performance of INDAX.


More From Market Realist

  • SemiLEDS logo over LED lighting
    Company & Industry Overviews
    There's Still Time to Get in on SemiLEDS (LEDS) Stock
  • Trader on the NYSE
    Company & Industry Overviews
    What Are the Most Expensive Stocks Ever?
  • Michelob Ultra beer
    Company & Industry Overviews
    AB InBev Is the Top Beer Brand Worldwide—Is It a Monopoly?
  • Businesswoman looking out a window
    Company & Industry Overviews
    Shifting Focus: Three Women Investing Funds in 2021
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.