|Min SIP Amount||₹500|
|NAV||₹11.18 (07 May 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹17,835 Cr|
|Kotak Liquid - Plan A - Direct Plan-Growth||Financial||Mutual Fund||18.2%|
|Kotak Money Market Fund Direct-Growth||Financial||Mutual Fund||6.1%|
|Bharti Airtel Ltd.||Communication||Equity||3.2%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||2.8%|
|ICICI Bank Ltd.||Financial||Equity||2.8%|
|Sun Pharmaceutical Inds. Ltd.||Healthcare||Equity||1.8%|
|Grasim Industries Ltd.||Construction||Equity||1.8%|
|State Bank of India||Financial||Equity||1.6%|
|Tata Consultancy Services Ltd.||Technology||Equity||1.6%|
Kotak Equity Arbitrage Fund Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Deepak Gupta is the Current Fund Manager of Kotak Equity Arbitrage Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹17,835 Cr and the Latest NAV as of 07 May 2021 is ₹11.18.
The Kotak Equity Arbitrage Fund Direct IDCW Monthly is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 30 days
The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments.
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.