Fund Details
Kotak Equity Savings Fund Direct Dividend Monthly
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.24% |
| NAV | ₹12.52 (27 Jan 2021) |
|---|---|
| Fund Started | 13 Oct 2014 |
| Fund Size | ₹1,373 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Kotak Money Market Fund Direct-Growth | Financial | Mutual Fund | 13.6% |
| Grasim Industries Ltd. | Construction | Equity | 8.8% |
| ICICI Bank Ltd. | Financial | Equity | 5.1% |
| Adani Enterprises Ltd. | Services | Equity | 4.7% |
| Reliance Industries Ltd. | Energy | Equity | 4.5% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Financial | Mutual Fund | 3.6% |
| Infosys Ltd. | Technology | Equity | 3.6% |
| HDFC Bank Ltd. | Financial | Equity | 3.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.1% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.5% |
Fund Managers
Kotak Equity Savings Fund Direct Dividend Monthly Details
Kotak Equity Savings Fund Direct Dividend Monthly 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹1,373 Cr and the Latest NAV as of 27 Jan 2021 is ₹12.52.
The Kotak Equity Savings Fund Direct Dividend Monthly 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.
