| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.45% |
| NAV | ₹23.55 (30 Oct 2020) |
|---|---|
| Fund Started | 21 Dec 2016 |
| Fund Size | ₹15,111 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Kotak Liquid - Plan A - Direct Plan-Growth | Financial | Mutual Fund | 16.3% |
| HDFC Bank Ltd. | Financial | Term Deposits | 7.1% |
| Reliance Industries Ltd. | Energy | Equity | 5.8% |
| Axis Bank Ltd. | Financial | Term Deposits | 4.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.2% |
| ICICI Bank Ltd. | Financial | Equity | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.2% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.5% |
| State Bank of India | Financial | Equity | 1.5% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 1.5% |
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 ₹15,111 Cr and the Latest NAV as of 30 Oct 2020 is ₹23.55.
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 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.