Fund Details
Kotak Equity Arbitrage Direct IDCW Fortnightly
| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.44% |
| NAV | ₹23.52 (26 Jul 2021) |
|---|---|
| Fund Started | 21 Dec 2016 |
| Fund Size | ₹21,836 Cr |
Returns
Comparison
1. Age is more than 5 years
2. Lower expense ratio - 0.44%
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is more than 10000 Crs. Returns tend to go low once AUM exceeds a certain amount
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Kotak Liquid - Plan A - Direct Plan-Growth | Financial | Mutual Fund | 16.8% |
| Kotak Money Market Fund Direct-Growth | Financial | Mutual Fund | 7.5% |
| Reliance Industries Ltd. | Energy | Equity | 3.1% |
| Bharti Airtel Ltd. | Communication | Equity | 2.9% |
| ICICI Bank Ltd. | Financial | Equity | 2.7% |
| Tata Steel Ltd. | Metals | Equity | 2.4% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 2.3% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.2% |
| JSW Steel Ltd. | Metals | Equity | 1.7% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 1.5% |
Fund Managers
Kotak Equity Arbitrage Direct IDCW Fortnightly Details
Kotak Equity Arbitrage Direct IDCW 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 IDCW Fortnightly fund.The fund currently has an Asset Under Management(AUM) of ₹21,836 Cr and the Latest NAV as of 26 Jul 2021 is ₹23.52.
The Kotak Equity Arbitrage Direct IDCW Fortnightly is rated Low risk. Minimum SIP Investment is set to 500. Exit load of 0.25% if redeemed within 30 days
Investment Objective
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.
Tax Implications
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.
