| Launch date | 30 Aug 2024 |
| Allotment date | 13 Sep 2024 |
| End date | 11 Sep 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.20%
Inclusive of GST
Exit load
Exit load of 0.25%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Abhishek BisenAug 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #5 in India |
|---|---|
| Total AUM | ₹4,39,120.27Cr |
| Date of Incorporation | 05 Aug 1994 |
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Kotak CRISIL IBX AAA Financial Services Index Sep 2027 Fund Direct Growth is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 05 Aug 1994. Abhishek Bisen is the Current Fund Manager of Kotak CRISIL IBX AAA Financial Services Index Sep 2027 Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,39,120 Cr and the Latest NAV as of 14 Jan 2025 is ₹10.26. The Kotak CRISIL IBX AAA Financial Services Index Sep 2027 Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 0.25%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of CRISIL IBX AAA Financial Services Index - Sep 2027 which seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index. ;
| Fund benchmark | CRISIL IBX AAA Financial Services Index - Sep 2027 |
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