Kotak Banking & Financial Services Fund Direct Growth
About the Fund
Kotak Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 27 February, 2023. The fund is managed by Abhishek Bisen, Arjun Khanna, Shibani Kurian. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Banking & Financial Services Fund Direct Growth has ₹917 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 29.28% since inception. Over the last 1 year the fund has given a CAGR return of 21.66%.
Holdings
Kotak Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Kotak Banking & Financial Services Fund Direct Growth
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Banking & Financial Services Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.71% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹917 Cr |
| Inception Date | 27 February, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 0% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 19.25% | 7.5% | |
 ICICI Bank Ltd | 16.47% | 0% | |
 State Bank of India | 7.55% | 0% | |
 Axis Bank Ltd | 7.4% | 0% | |
 Kotak Mahindra Bank Ltd | 4.98% | 12.9% |
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 4.8% |
Kotak Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹917 Cr
Expense Ratio 0.71%
Frequently Asked Questions
Kotak Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 16.17% | 16.17% |
1 Year Returns | 21.66% | 21.66% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 7.77 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 0.88 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 1.31 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 13.05 | - | - |