Equity
Direct
Sector - Financial Services
NAV as on 06-12-2024
₹ 15.27
1D
Inception Returns
26.9%
/yr
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, Shibani Kurian. The fund could potentially beat inflation in the long-run.
Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 26.89% since inception. Over the last 1 year the fund has given a CAGR return of 22.53%.
Kotak Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd
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.
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 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.
Expense ratio | 0.68% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹986 Cr |
Inception Date | 27 February, 2023 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 25.4% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top Sector in October was Financial Services
Kotak Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.58% | 1.58% |
6 Month Returns | 13.35% | 13.35% |
1 Year Returns | 22.53% | 22.53% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 4.67 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 0.86 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 1.36 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 11.69 | - | - |