| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.45% |
| NAV | ₹23.49 (13 Aug 2020) |
|---|---|
| Fund Started | 21 Dec 2016 |
| Fund Size | ₹15,364 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Kotak Liquid - Plan A - Direct Plan-Growth | Financial | Mutual Fund | 9.0% |
| Axis Bank Ltd. | Financial | Term Deposits | 8.6% |
| HDFC Bank Ltd. | Financial | Term Deposits | 7.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.8% |
| ICICI Bank Ltd. | Financial | Equity | 4.3% |
| Reliance Industries Ltd. | Energy | Equity | 4.3% |
| Bharti Airtel Ltd. | Communication | Equity | 3.4% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.1% |
| Infosys Ltd. | Technology | Equity | 2.1% |
| Axis Bank Ltd. | Financial | Equity | 1.9% |
Kotak Equity Arbitrage Direct Dividend Fortnightly is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 21 Dec 2016. Deepak Gupta is the Current Fund Manager of Kotak Equity Arbitrage Direct Dividend Fortnightly fund.The fund currently has an Asset Under Management(AUM) of ₹15,364 Cr and the Latest NAV as of 13 Aug 2020 is ₹23.49.
The Kotak Equity Arbitrage Direct Dividend Fortnightly is rated Moderately Low risk. Minimum SIP Investment is set to 500. 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.