ALPS/Kotak India ESG Fund (INDAX)
Under normal circumstances, 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.” Equity securities in which the fund can invest may include common stocks, preferred stocks, convertible securities, rights and warrants to buy common stocks. The Advisor intends to invest in companies of all capitalization sizes.
Fund Info
US3176094510
317609451
Feb 13, 2011
$2,500
Large-Cap
Growth
Expense Ratio
INDAX has a high expense ratio of 1.33%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ALPS/Kotak India ESG Fund (INDAX) returned 2.24% year-to-date (YTD) and 6.14% over the past 12 months. Over the past 10 years, INDAX returned 8.11% annually, underperforming the S&P 500 benchmark at 10.85%.
INDAX
2.24%
2.49%
-1.04%
6.14%
10.19%
17.27%
8.11%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of INDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -4.12% | -6.20% | 6.54% | 4.75% | 1.87% | 2.24% | |||||||
| 2024 | 1.46% | 1.26% | 0.91% | 1.80% | 1.22% | 6.55% | 1.18% | 0.86% | 2.51% | -5.34% | 1.50% | -3.02% | 10.94% |
| 2023 | -0.39% | -2.88% | 0.94% | 2.20% | 2.35% | 4.78% | 2.07% | -0.77% | 0.60% | -2.57% | 5.51% | 4.16% | 16.77% |
| 2022 | -0.67% | -6.03% | 1.20% | -3.02% | -5.13% | -5.22% | 7.68% | 1.01% | -3.69% | 2.40% | 4.37% | -5.25% | -12.62% |
| 2021 | 0.00% | 5.43% | 2.86% | -2.35% | 6.71% | 1.13% | 2.99% | 7.46% | -0.32% | -0.58% | -2.35% | 3.26% | 26.38% |
| 2020 | 1.00% | -4.87% | -28.00% | 12.67% | -2.96% | 9.15% | 8.47% | 5.32% | 1.71% | 1.44% | 9.16% | 7.96% | 14.68% |
| 2019 | -2.80% | -0.85% | 10.15% | -0.23% | 1.40% | -0.38% | -5.15% | -3.65% | 5.55% | 3.74% | 0.23% | 1.01% | 8.41% |
| 2018 | 2.22% | -6.59% | -2.05% | 1.95% | -2.61% | -2.68% | 4.85% | -1.21% | -10.15% | -6.01% | 10.74% | -0.05% | -12.51% |
| 2017 | 6.22% | 5.60% | 6.85% | 3.89% | 0.59% | -1.02% | 5.54% | -0.77% | -2.82% | 5.37% | 0.96% | 4.14% | 39.77% |
| 2016 | -7.24% | -9.53% | 15.25% | 1.56% | 2.68% | 3.17% | 6.42% | 2.38% | 1.41% | 0.82% | -8.69% | -1.58% | 4.16% |
| 2015 | 8.81% | 0.00% | -3.11% | -5.22% | 2.44% | -0.38% | 4.01% | -9.19% | 2.29% | 0.24% | -1.83% | -0.18% | -3.24% |
| 2014 | -4.89% | 5.38% | 10.88% | 0.00% | 12.31% | 4.55% | 0.77% | 4.82% | -0.16% | 6.71% | 2.95% | -2.38% | 47.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of INDAX is 25, meaning it’s performing worse than 75% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ALPS/Kotak India ESG Fund (INDAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
ALPS/Kotak India ESG Fund provided a 15.79% dividend yield over the last twelve months, with an annual payout of $2.66 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.66 | $2.66 | $0.76 | $0.25 | $0.98 | $0.00 | $0.17 | $0.80 | $0.41 | $0.14 | $1.61 | $0.55 |
Dividend yield | 15.79% | 16.14% | 4.43% | 1.64% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% | 4.35% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Kotak India ESG Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.66 | $2.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2014 | $0.55 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ALPS/Kotak India ESG Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ALPS/Kotak India ESG Fund was 43.98%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current ALPS/Kotak India ESG Fund drawdown is 6.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.98% | Jan 24, 2018 | 544 | Mar 23, 2020 | 179 | Dec 4, 2020 | 723 |
| -37.16% | Apr 7, 2011 | 601 | Aug 28, 2013 | 177 | May 13, 2014 | 778 |
| -28.09% | Mar 4, 2015 | 248 | Feb 25, 2016 | 134 | Sep 6, 2016 | 382 |
| -22.76% | Jan 13, 2022 | 108 | Jun 17, 2022 | 411 | Feb 7, 2024 | 519 |
| -18.43% | Sep 27, 2024 | 106 | Mar 3, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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