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INDAX ALPS/Kotak India Growth Inv

  • Fund
  • INDAX
  • Price as of: Dec 07, 2018
  • $11.67
  • - $0.89
  • - 7.09%
  • Category
  • India Equities

INDAX - Profile

Vitals

  • YTD Return -21.4%
  • 3 Yr Annualized Return 8.3%
  • 5 Yr Annualized Return 13.6%
  • Net Assets $23.7 M
  • Holdings in Top 10 42.2%

52 WEEK LOW AND HIGH

$11.67
$11.44
$15.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.95%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Investment Themes

CATEGORY

India Equities
  • Fund Type Open End Mutual Fund
  • Investment Style India Equity

Distributions

  • YTD Total Return -21.4%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.74%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name ALPS/Kotak India Growth
  • Fund Family Name ALPS
  • Inception Date Feb 14, 2011
  • Shares Outstanding 493316
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Nitin Jain

Fund Description

The fund will invest at least 80% of its net assets in equity and equity-linked securities of "Indian companies." The advisor intends to invest in the equity securities of Indian companies by investing in shares of a wholly owned, collective investment vehicle (the "Portfolio"), registered with and regulated by the Mauritius Financial Services Commission. Investment by the Portfolio is a tax efficient method of investing in Indian companies.

INDAX - Performance

Return Ranking - Trailing

Period INDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -21.4% -21.4% 0.0% 77.78% 5
1 Yr -8.9% -12.3% 70.2% 77.78% 4
3 Yr 8.3% * -5.5% 13.5% 37.50% 2
5 Yr 13.6% * 9.9% 18.1% 36.36% 2
10 Yr N/A * 11.5% 16.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period INDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 35.8% -7.0% 49.0% 33.33% 2
2016 2.8% -3.0% 28.7% 44.44% 2
2015 -16.4% -32.1% 2.7% 81.25% 4
2014 41.5% 33.5% 62.5% 50.00% 3
2013 -5.1% -10.7% -1.5% 45.45% 2

Total Return Ranking - Trailing

Period INDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -21.4% -21.4% 0.0% 77.78% 5
1 Yr -8.9% -16.5% 70.2% 61.11% 3
3 Yr 8.3% * -5.5% 13.5% 25.00% 1
5 Yr 13.6% * 9.5% 18.1% 36.36% 2
10 Yr N/A * 11.5% 16.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period INDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 35.8% -7.0% 49.0% 33.33% 2
2016 2.8% -3.0% 28.7% 44.44% 2
2015 -4.3% -32.1% 4.2% 31.25% 2
2014 62.7% 33.5% 65.9% 21.43% 1
2013 -6.4% -11.0% -1.5% 63.64% 3

NAV & Total Return History

INDAX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

INDAX Category Low Category High INDAX % Rank Quintile
Net Assets 23.7 M 40.8 K 1.76 B 27.78% 3
Number of Holdings 65 4 89 11.11% 1
Net Assets in Top 10 9.12 M 76 812 M 27.78% 3
Weighting of Top 10 42.2% 0.0% 98.1% 33.33% 4

Top 10 Holdings

  1. ICICI Bank Ltd 4.74%
  2. Infosys Ltd 5.95%
  3. HDFC Bank Ltd 8.95%
  4. ITC Ltd 3.97%
  5. Axis Bank Ltd 2.70%
  6. Housing Development Finance Corp Ltd 3.57%
  7. Reliance Industries Ltd 4.22%
  8. Maruti Suzuki India Ltd 2.48%
  9. Tata Consultancy Services Ltd 3.09%
  10. Larsen & Toubro Limited 2.55%

Asset Allocation

Weighting Category Low Category High INDAX % Rank Quintile
Stocks
96.47% 0.01% 100.00% 22.22% 2
Cash
3.53% 0.00% 99.99% 33.33% 3
Preferred Stocks
0.00% 0.00% 0.00% 5.56% 1
Other
0.00% 0.00% 92.28% 16.67% 2
Convertible Bonds
0.00% 0.00% 0.00% 5.56% 1
Bonds
0.00% 0.00% 0.00% 5.56% 1

Stock Sector Breakdown

Weighting Category Low Category High INDAX % Rank Quintile
Financial Services
31.12% 0.00% 34.59% 16.67% 1
Technology
14.96% 0.00% 21.29% 16.67% 2
Consumer Cyclical
10.98% 0.00% 19.76% 27.78% 3
Basic Materials
10.13% 0.00% 19.93% 22.22% 2
Consumer Defense
7.69% 0.00% 17.76% 16.67% 2
Energy
7.36% 0.00% 7.36% 5.56% 1
Industrials
6.46% 0.00% 18.07% 22.22% 2
Healthcare
5.55% 0.00% 14.57% 27.78% 3
Real Estate
0.79% 0.00% 1.81% 11.11% 1
Utilities
0.00% 0.00% 6.28% 22.22% 3
Communication Services
0.00% 0.00% 4.39% 22.22% 3

Stock Geographic Breakdown

Weighting Category Low Category High INDAX % Rank Quintile
Non US
95.04% 0.00% 100.00% 22.22% 2
US
1.43% 0.00% 4.28% 22.22% 3

INDAX - Expenses

Operational Fees

INDAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.95% 0.89% 62.60% 44.44% 3
Management Fee 1.25% 0.66% 1.30% 11.11% 4
12b-1 Fee 0.25% 0.00% 1.00% 36.36% 1
Administrative Fee N/A 0.14% 0.15% N/A N/A

Sales Fees

INDAX Fees (% of AUM) Category Low Category High INDAX Rank Quintile
Front Load 5.50% 5.00% 5.75% 33.33% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

INDAX Fees (% of AUM) Category Low Category High INDAX Rank Quintile
Max Redemption Fee 2.00% 2.00% 2.00% 9.09% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

INDAX Fees (% of AUM) Category Low Category High INDAX Rank Quintile
Turnover 30.00% 0.00% 82.84% 22.22% 3

INDAX - Distributions

Dividend Yield Analysis

INDAX Category Low Category High INDAX % Rank Quintile
Dividend Yield N/A 0.00% 0.10% N/A N/A

Dividend Distribution Analysis

INDAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

INDAX Category Low Category High INDAX % Rank Quintile
Net Income Ratio -0.74% -1.53% 0.84% 77.78% 4

Capital Gain Distribution Analysis

INDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

INDAX - Managers

Nitin Jain

Manager

Start Date

Feb 14, 2011

Tenure

7.8

Tenure Rank

11.4%

Mr. Jain received his B.E. in Mechanical Engineering and an M.M.S. from Mumbai University and CFA®.


Tenure Analysis

Category Low

0.4

Category High

12.4

Category Average

5.58

Category Mode

3.9