Kotak Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 13 Jul 2018. Abhishek Bisen, Deepak Gupta, Harish Krishnan is the Current Fund Manager of Kotak Balanced Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,845 Cr and the Latest NAV as of 08 Apr 2020 is ₹9.52.
The Kotak Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000. For redemption more than 10% of the units allotted, an exit load of 1% will be charged if redeemed within 1 year.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.