ALPS | Kotak India ESG Fund
NAV
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Net Assets
Outlook 2025: What should investors expect from India?
With India’s economy booming, 2025 presents a unique opportunity for foreign investors. Nitin Jain, CEO & Director, Kotak Mahindra Asset Management (Singapore) Pte. Ltd., looks in the rearview mirror at how the year 2024 was, the setup for 2025, the accurate picture around valuations and how foreign investors should look at India.
Overview
Investment Objective
The ALPS | Kotak India ESG Fund seeks to achieve long-term capital appreciation.
Strategy
The Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity and equity-linked securities of “Indian companies” that satisfy the Fund’s environmental, social and governance (ESG) criteria.
Fund Details
Mutual Fund
Annually
MSCI India Index
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Inception Date |
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Team
Amit Jain, CFA
Co-Portfolio Manager
Portfolio Manager Since: 2023
Years of Experience: 21
Involved with the Indian equity markets for 20 years, Amit is the Co-Portfolio Manager of the ALPS | Kotak India ESG Fund. Before joining Kotak, Amit worked with Samsung Asset Management (HK) Limited as an investment manager for around 10 years (2013 to 2022) and as an analyst prior to that (2010 to 2013). Prior to his last stint with Samsung, he was with Fidelity Investment, Temasek and ICICI Group. Amit holds a PGDCM at IIM Calcutta (Gold Medallist) and is a CFA Charterholder. He is also an Associate Chartered Accountant (ACA).
Nitin Jain, CFA
Co-Portfolio Manager
Portfolio Manager Since: 2011
Years of Experience: 29
Involved with the Indian equity markets for more than 28 years, Nitin has been responsible for guiding the investment strategy of the Long-only offshore funds for nearly 17 years. He and his team manage strategies across various market capitalizations and themes including Large-cap, Mid-cap, Multi-cap, Concentrated strategies and Thematic funds. Before joining Kotak, Nitin worked with SBI Mutual Fund as an investment manager, leading the fund management team of the first commodities-based equity mutual fund for India. Prior to that, he was in equity sales and worked as an equity analyst. Nitin has an MBA from Mumbai University, India and is a CFA Charterholder. He also holds a Bachelors degree in Engineering from Government Engineering College, Madhya Pradesh, India.
Performance and Fees
Returns
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As of
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. The Fund imposes a 2.00% redemption fee on shares held for less than 30 days. Performance shown does not include the redemption fee which, if reflected, would reduce the performance quoted. For current month-end performance call 1-866-759-5679 or visit www.alpsfunds.com. Performance includes reinvested distributions and capital gains.
Maximum Offering Price (MOP) performance for Class A shares includes the Fund’s maximum sales charge of 3.25%.
Contingent Deferred Sales Charge (CDSC) performance for Class C shares includes a 1% CDSC on shares redeemed within 12-months of purchase. Performance shown at Net Asset Value (NAV) does not include these sales charges and would have been lower had it been taken into account.
Effective 06/12/2018, Class A shares of the Fund were added as a new available class. Performance for Class A shares prior to 06/12/2018 reflects the historical performance of the Fund’s Investor Class shares, calculated using the fees and expenses of Class A shares.
Effective 12/19/2019, Class II shares of the Fund were added as a new available class. Performance for Class II shares prior 12/19/2019 reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of Class II shares.
Effective 09/20/2024, the MSCI India Index (Net Total Return ("NR")) replaced the MSCI India Index (Gross Total Return ("TR")) as the Fund’s primary benchmark.
Fund inception date: 02/14/2011
Morningstar India Index: measures the performance of India’s equity markets targeting the top 97% of stocks by market capitalization.
MSCI India Index: designed to measure the performance of the large and mid-cap segments of the Indian market. With approximately 125 constituents, the index covers approximately 85% of the Indian equity universe.
One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Fees
As of
* Fee imposed on purchases.
** A percentage of the lower of original purchase price or redemption proceeds.
*** A percentage of exchange price or amount redeemed within 30-days of purchase.
^ What You Pay reflects the Adviser’s and Sub-Adviser's decision to contractually limit expenses through 02/28/2026. Please see the prospectus for additional information.
Facts and Characteristics
Fund Pricing
As of
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Fund Yields
30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.
30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
Risk Metrics
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Portfolio
Sector Breakdown
- Top Five Holdings
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Geography Breakdown
- Top Five Holdings
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Fund Holdings
Fund Disclosure
Investments in India can be considered speculative, and therefore may offer higher potential for losses. Political and economic structures in India generally lack the social, political and economic stability of more developed nations. Share prices of Indian companies tend to be volatile, can be subject to currency exchange fluctuations and can lack liquidity. The stock markets in India are undergoing a period of growth and change, which may result in trading or price volatility and difficulties in the settlement and recording of transactions, and in interpreting and applying the relevant laws and regulations. The risk of loss may be increased because Indian issuers are not subject to the extensive accounting, auditing and financial reporting standards and practices which are applicable in the United States. There is also a lower level of regulation and monitoring of the Indian securities market and its participants than in other more developed markets. Because the Fund concentrates in a single region of the world, the Fund’s performance may be more volatile than that of a fund that invests globally. If Indian securities fall out of favor, it may cause the Fund to underperform funds that do not concentrate in a single region of the world.
The Fund’s consideration of ESG factors as part of its investment strategy may limit the types and number of investment opportunities available to the Fund and, as a result, the Fund may underperform other funds that do not consider ESG factors. In evaluating a security based on ESG criteria, the Sub-Adviser is dependent upon information and data from third party ESG providers. ESG scorings and assessments of issuers can vary across third-party data providers and may change over time.
There is no assurance that employing ESG strategies will result in more favorable investment performance; ESG considerations may affect a Fund's exposure to certain companies or industries and a Fund may forego certain investment opportunities.
Certain information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their affiliates (“MSCI”), or information providers (together the “MSCI Parties”) and may have been used to calculate scores, signals, or other indicators. The Information is for internal use only and may not be reproduced or disseminated in whole or part without prior written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in mutual funds generally or in the Fund in particular or the ability of the Morningstar Index Data to track general mutual fund market performance.
THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE MORNINGSTAR INDEX DATA OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.
ALPS Advisors, Inc. and Kotak Mahindra Asset Management (Singapore) Pte. Ltd., registered investment advisers with the SEC, are the investment adviser and sub-adviser to the Fund, respectively. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Kotak Mahindra Asset Management (Singapore) Pte. Ltd.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.