Fund Details
Kotak Balanced Advantage Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.65% |
| NAV | ₹13.63 (06 May 2021) |
|---|---|
| Fund Started | 13 Jul 2018 |
| Fund Size | ₹7,670 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 3.7% |
| Infosys Ltd. | Technology | Equity | 3.3% |
| GOI | Sovereign | GOI FRB | 3.1% |
| Reliance Industries Ltd. | Energy | Equity | 3.1% |
| HDFC Bank Ltd. | Financial | Equity | 2.6% |
| GOI | Sovereign | GOI Sec | 2.2% |
| GOI | Sovereign | GOI Sec | 2.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 1.9% |
| Power Finance Corpn. Ltd. | Financial | FRD | 1.9% |
| Hindustan Unilever Ltd. | FMCG | Equity | 1.8% |
Fund Managers
Kotak Balanced Advantage Fund Direct Growth Details
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 ₹7,670 Cr and the Latest NAV as of 06 May 2021 is ₹13.63.
The Kotak Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 1000. For units in excess of 8% of the investment,1% will be charged for redemption within 365 days
Investment Objective
The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.
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.
