| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.21% |
| NAV | ₹15.44 (03 Jul 2020) |
|---|---|
| Fund Started | 13 Oct 2014 |
| Fund Size | ₹1,409 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 7.6% |
| Kotak Money Market Fund Direct-Growth | Financial | Mutual Fund | 7.6% |
| Grasim Industries Ltd. | Construction | Equity | 7.2% |
| HDFC Bank Ltd. | Financial | Term Deposits | 5.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.5% |
| Bharti Airtel Ltd. | Communication | Equity | 3.9% |
| Housing Development Finance Corpn. Ltd. | Financial | NCD | 3.6% |
| HDFC Bank Ltd. | Financial | Equity | 3.5% |
| ICICI Bank Ltd. | Financial | Equity | 3.0% |
| Infosys Ltd. | Technology | Equity | 2.8% |
Kotak Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 13 Oct 2014. Abhishek Bisen, Deepak Gupta is the Current Fund Manager of Kotak Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,409 Cr and the Latest NAV as of 03 Jul 2020 is ₹15.44.
The Kotak Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 8% of the investment,1% will be charged for redemption within 365 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 enhance returns with a moderate exposure in equity & equity related instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
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.