Kotak Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 13 Jul 2018. Abhishek Bisen, Deepak Gupta, Harish Krishnan is the Current Fund Manager of Kotak Balanced Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹3,067 Cr and the Latest NAV as of 15 Nov 2019 is ₹11.25.
The Kotak Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 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..
The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For redemption more than 10% of the units allotted, an exit load of 1% will be charged if redeemed within 1 year.