|Min SIP Amount||₹1000|
|NAV||₹10.03 (31 Jul 2019)|
|Fund Started||16 Jul 2019|
|Fund Size||₹1,454 Cr|
Kotak Focused Equity Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 16 Jul 2019. Harish Krishnan is the Current Fund Manager of Kotak Focused Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,454 Cr and the Latest NAV as of 31 Jul 2019 is ₹10.03.
The Kotak Focused Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments across market capitalization of up to 30 companies.
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.