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Home>Mutual Funds>Kotak Mahindra Mutual Fund>Kotak Equity Arbitrage Direct IDCW Fortnightly

Kotak Equity Arbitrage Direct IDCW Fortnightly

Hybrid
Arbitrage
Low Risk
Payout
5.04%
3Y annualised
+0.04% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 17 Sep 2021₹23.51
Min. SIP amountNA
Rating4
Fund size₹24,999.78Cr

Returns and rankings

Category: Hybrid Arbitrage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.7%5.0%5.7%7.0%
Category average3.3%4.7%5.2%NA
Rank with in category564NA
Understand terms

Holdings (139)

NameSectorInstrumentAssets
Kotak Liquid - Plan A - Direct Plan-Growth
FinancialMutual Fund13.4%
Kotak Money Market Fund Direct-Growth
FinancialMutual Fund11.1%
HDFC Bank Ltd.FinancialEquity5.1%
Reliance Industries Ltd.EnergyEquity2.1%
Adani Ports and Special Economic Zone Ltd.ServicesEquity2.0%
HCL Technologies Ltd.TechnologyEquity1.7%
Housing Development Finance Corpn. Ltd.FinancialEquity1.6%
Adani Enterprises Ltd.ServicesEquity1.6%
Axis Bank Ltd.FinancialEquity1.5%
Larsen & Toubro Ltd.ConstructionEquity1.5%
See All

Pros and cons

Category: Hybrid Arbitrage

Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Higher alpha: 2.1 The fund has generated returns higher than benchmark - NIFTY 50 Arbitrage TRI - in the last 3Y
Lower expense ratio: 0.41%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Higher AUM: 23825Cr. Funds with a higher AUM tend to have lower returns in the future

Expense ratio, exit load and tax

Expense ratio: 0.44%

Inclusive of GST

Exit load

Exit load of 0.25% if redeemed within 30 days

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Hiten Shah
Oct 2019 - Present
View details

Education
Mr. Shah is a Masters in Management Studies (Finance) from Mumbai University.
Experience
Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a CoFund manager and Chief dealer in equities segment. He was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than 3 years.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
27 BKC, C-27, G Block,Bandra Kurla Complex,Bandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Launch Date
05 Aug 1994
Website
NA
Amc Image
Kotak Mahindra Mutual Fund
Asset Management Company
Custodian
Stock Holding Corp. of India Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in Kotak Equity Arbitrage Direct IDCW Fortnightly?

You can easily invest in Kotak Equity Arbitrage Direct IDCW Fortnightly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Kotak Equity Arbitrage Direct IDCW Fortnightly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Kotak Equity Arbitrage Direct IDCW Fortnightly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Kotak Equity Arbitrage Direct IDCW Fortnightly provide?

The Kotak Equity Arbitrage Direct IDCW Fortnightly has been there from 21 Dec 2016 and the average annual returns provided by this fund is 4.73% since its inception.

How much expense ratio is charged by Kotak Equity Arbitrage Direct IDCW Fortnightly?

The term Expense Ratio used for Kotak Equity Arbitrage Direct IDCW Fortnightly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Kotak Equity Arbitrage Direct IDCW Fortnightly is 0.44% as of 28 May 2022...

What is the AUM of Kotak Equity Arbitrage Direct IDCW Fortnightly?

The AUM, short for Assets Under Management of Kotak Equity Arbitrage Direct IDCW Fortnightly is ₹24,999.78Cr as of 28 May 2022.

How to Redeem Kotak Equity Arbitrage Direct IDCW Fortnightly?

If you want to sell your Kotak Equity Arbitrage Direct IDCW Fortnightly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Kotak Equity Arbitrage Direct IDCW Fortnightly?

You can select either SIP or Lumpsum investment of Kotak Equity Arbitrage Direct IDCW Fortnightly based on your investment objective and risk tolerance.

What is the NAV of Kotak Equity Arbitrage Direct IDCW Fortnightly?

The NAV of Kotak Equity Arbitrage Direct IDCW Fortnightly is ₹23.51 as of 17 Sep 2021.

What is the PE and PB ratio of Kotak Equity Arbitrage Direct IDCW Fortnightly?

The PE ratio ratio of Kotak Equity Arbitrage Direct IDCW Fortnightly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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