Kotak Equity Arbitrage Direct Dividend Fortnightly is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 21 Dec 2016. Deepak Gupta is the Current Fund Manager of Kotak Equity Arbitrage Direct Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹16,198 Cr and the Latest NAV as of 15 Nov 2019 is ₹23.54.
The Kotak Equity Arbitrage Direct Dividend Fortnightly is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 30 days.
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.25% if redeemed within 30 days