INDAX Mutual Fund

INDAX Mutual Fund

NAV$14.71
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Fund Essentials - as of Jan 31, 2026

Net Assets
$4M
Expense Ratio
1.28%
Dividend Yield (Current)
9.46%
Holdings
38
Inception Date
Feb 14, 2011
Fund Family
Alps Funds
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Annually

Performance

YTD-8.95%
1 Year-8.12%
3 Year+4.41%
5 Year+3.45%
10 Year+7.13%

Asset Allocation

Stocks: 100.00%
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Top Holdings

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TickerNameWeight
HDBK:MBHdfc Bank Limited Common Stock Inr1.06.92%
RELIANCE:MBReliance Industries Ltd6.76%
IBN:MBIcici Bank Limited Sponsored Adr (1 Ads : 2 Ordinary)6.53%
CTSHCognizant Technology Solutions Corp. Class A4.73%
SHMF:MBShriram Finance Limited4.37%
Top 10 Concentration: 46.92%Report Date: Jan 31, 2026
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Dividend Summary

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Dividend Yield (Current)
9.46%
Frequency
Annually
Latest Distribution
$0.98
-

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This Mutual Fund
PRO
Peer Avg
PRO

INDAX Mutual Fund Overview

INDAX Mutual Fund (Kotak India Equity Fund Investor Class) is managed by Alps Funds with $4.1M in net assets. INDAX expense ratio is 1.28%, holding 38 positions across sectors including Financials, Information Technology, Consumer Discretionary. Inception date: 2011-02-14.

INDAX performance shows a YTD return of -8.95%. The 1-year return is -8.12% and the 5-year return is 3.45%. INDAX dividend yield stands at 9.46%, paid annually.

INDAX top holdings include Hdfc Bank Limited Common Stock Inr1.0 (6.9%), Reliance Industries Ltd (6.8%), Icici Bank Limited Sponsored Adr (1 Ads : 2 Ordinary) (6.5%), Cognizant Technology Solutions Corp. Class A (4.7%), Shriram Finance Limited (4.4%). Go to all INDAX holdings, INDAX sectors, or INDAX dividends.

INDAX can be compared against other funds. Use INDAX overlap to find shared positions, or INDAX vs another fund for a side-by-side view. INDAX alternatives are available via the screener, along with tax-loss harvesting opportunities.