Kotak ELSS Tax Saver Scheme Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Kotak ELSS Tax Saver Scheme Fund Direct Growth

About the Fund

Kotak ELSS Tax Saver Scheme Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Harsha Upadhyaya. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak ELSS Tax Saver Scheme Fund Direct Growth has ₹6101 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Kotak ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 17.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.27%, 22.91% and 23.33% respectively.

Holdings

Kotak ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Energy, Utilities, Tech, Health, Consumer Defensive, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd

Taxation

As it is a elss (tax savings) 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Kotak ELSS Tax Saver Scheme Fund Direct Growth

The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Kotak ELSS Tax Saver Scheme Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
5577 people have invested ₹ 2.4Cr in Kotak ELSS Tax Saver Scheme Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
4
/23
58% Performance
48% Risk Management
92% Cost
4 out of 23 among elss (tax savings)
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Lower volatility within category
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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No bad points found for this fund.

Fund Overview

Expense ratio0.58%
Benchmark
S&P BSE 200 India TR INR
AUM₹6101 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
13.34%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Large cap
63.5%

Mid cap
23%

Small cap
12.4%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
24.3%
Industrial
18.9%
Basic Materials
14.4%
Consumer Cyclical
10.3%
Energy
8.7%
Utilities
7.7%
Tech
5.2%
Health
4.1%
Consumer Defensive
3.3%
Communication
3.2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Harsha Upadhyaya
Harsha Upadhyaya
Fund Manager of Kotak ELSS Tax Saver Scheme Fund Direct Growth, since 25 August 2015

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.58% which is lower than the category average expense ratio of 1.27%.
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Over the last 3 months, this fund has increased expense ratio by 3.6% moving from 0.56 to 0.58.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.78% return, outperforming this fund by 5.87% per annum.
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Over the last 6 months, this fund has experienced a 30.1% growth in AUM moving from 4.69K Cr to 6.10K Cr.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 59.5% return, outperforming this fund by 17.22%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.24% return, outperforming this fund by 12.91% per annum.

Kotak ELSS Tax Saver Scheme Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.98% since inception which is more than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.29% in Equity, 0% in Debt and 0.71% in Cash related instruments
AUM size ₹6101 Cr

AUM size ₹6101 Cr

This fund has AUM of ₹6101 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 0.58%

Expense Ratio 0.58%

This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Kotak ELSS Tax Saver Scheme Fund Direct Growth is ₹134.69 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Kotak ELSS Tax Saver Scheme Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.12%
2.12%
6 Month Returns
27.07%
27.07%
1 Year Returns
42.27%
42.27%
3 Years Returns
85.7%
22.91%
5 Years Returns
185.38%
23.33%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.58% as on June 2024
₹6101 Cr as on June 2024
HDFC Bank Ltd(7.18%), Reliance Industries Ltd(4.62%), ICICI Bank Ltd(4.13%), State Bank of India(3.76%), Axis Bank Ltd(3.73%) as on June 2024
Financial Services(24.15%), Industrial(18.74%), Basic Materials(14.26%) as on June 2024
The alpha ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak ELSS Tax Saver Scheme Fund Direct Growth
10.23
4.66
3.09
As on June 2024
The alpha for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak ELSS Tax Saver Scheme Fund Direct Growth
0.73
0.82
0.91
As on June 2024
The Beta for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak ELSS Tax Saver Scheme Fund Direct Growth
3.18
1.39
0.93
As on June 2024
The sharpe ratio for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak ELSS Tax Saver Scheme Fund Direct Growth
9.37
11.5
17.82
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.74 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.66 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Harsha Upadhyaya is the fund manager of Kotak ELSS Tax Saver Scheme Fund Direct Growth
The Exit load of Kotak ELSS Tax Saver Scheme Fund Direct Growth is 0%