|Min SIP Amount||Not Supported|
|NAV||₹16.41 (30 Dec 2016)|
|Fund Started||01 Jan 2013|
|Fund Size||₹15 Cr|
Kotak Multi Asset Allocation Direct Growth is a Hybrid Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Abhishek Bisen, Deepak Gupta is the Current Fund Manager of Kotak Multi Asset Allocation Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹15 Cr and the Latest NAV as of 30 Dec 2016 is ₹16.41.
The Kotak Multi Asset Allocation Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Exit load of 1% if redeemed within 1 year.
The scheme seeks to generate income by investing predominantly in debt and money market securities, to generate growth by taking moderate exposure to equity and equity related instruments and provide diversification by investing in Gold ETFs.
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.