Fund Details
Kotak Equity Savings Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.25% |
| NAV | ₹18.41 (23 Jul 2021) |
|---|---|
| Fund Started | 13 Oct 2014 |
| Fund Size | ₹1,488 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Kotak Money Market Fund Direct-Growth | Financial | Mutual Fund | 12.7% |
| Grasim Industries Ltd. | Construction | Equity | 8.4% |
| ICICI Bank Ltd. | Financial | Equity | 5.5% |
| GOI | Sovereign | GOI FRB | 5.3% |
| Steel Authority Of India Ltd. | Metals | Equity | 5.2% |
| Reliance Industries Ltd. | Energy | Equity | 4.6% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Financial | Mutual Fund | 4.1% |
| ITC Ltd. | FMCG | Equity | 3.3% |
| State Bank of India | Financial | Equity | 2.6% |
| Adani Enterprises Ltd. | Services | Equity | 2.6% |
Fund Managers
Kotak Equity Savings Fund Direct Growth Details
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 ₹1,488 Cr and the Latest NAV as of 23 Jul 2021 is ₹18.41.
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
Investment Objective
The scheme seeks 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.
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.
