| Launch date | 31 May 2021 |
| Allotment date | 21 Jun 2021 |
| End date | 14 Jun 2021 |
| NAV | ₹10.00 |
Fund Overview
Expense ratio, exit load and tax
Expense ratio: 0.22%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Abhishek BisenMay 2021 - PresentView details
Devender SinghalMay 2021 - PresentView details
Satish DondapatiMay 2021 - PresentView details
Fund house & investment objective
| Rank (total assets) | #5 in India |
|---|---|
| Total AUM | ₹3,78,171.75Cr |
| Date of Incorporation | 05 Aug 1994 |
|---|
Kotak Nifty 50 Index Fund Direct - Growth - NFO is a Other 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 Nifty 50 Index Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹3,78,172 Cr and the Latest NAV as of 21 Jun 2021 is ₹10.00. The Kotak Nifty 50 Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;
| Fund benchmark | NA |
|---|