Kotak ELSS Tax Saver-Scheme-Growth - Direct

Kotak ELSS Tax Saver-Scheme-Growth - Direct

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 127.58 as on 22-05-2024

About the Fund

Kotak ELSS Tax Saver-Scheme-Growth - Direct 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-Growth - Direct has ₹5608 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
5193 people have invested ₹ 2.8Cr in Kotak ELSS Tax Saver-Scheme-Growth - Direct in the last three months

Overview

Expense ratio
Expense ratio
0.58%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹5608 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
13.34%

Kotak ELSS Tax Saver-Scheme-Growth - Direct Distribution as on (30-Apr-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Size breakup

Large cap
67%
Mid cap
18.5%
Small cap
12.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.5%
Industrial
19.6%
Consumer Cyclical
14.3%
Basic Materials
13.9%
Utilities
7.7%
Energy
6.9%
Health
4.2%
Tech
3.9%
Consumer Defensive
3.1%
Communication
3%

Top Holdings of Kotak ELSS Tax Saver-Scheme-Growth - Direct as on (30-Apr-24)

  • Equity

Equity Holdings60

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.50%
2.28%
4.28%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 5.50% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 3.03% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 5.6K Cr
₹ 5.3K Cr
₹ 5.1K Cr
  • AUM of the fund stands at 5.6K Cr as of Apr'24
  • AUM increased by 313.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
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 1.29%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.38% return, outperforming this fund by 13.82% per annum.
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Over the last 6 months, this fund has experienced a 36.0% growth in AUM moving from 4.12K Cr to 5.60K Cr.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.57% return, outperforming this fund by 6.28% per annum.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 64.72% return, outperforming this fund by 20.15%.
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Over the last 6 months, this fund has increased expense ratio by 18.4% moving from 0.49 to 0.58.

INDmoney Rank

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5
/23
59% Performance
48% Risk Management
92% Cost
5 out of 23 among elss (tax savings)

Pros

Lower volatility within category
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category

Cons

No bad points found for this fund.

Fund Manager

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

Kotak ELSS Tax Saver-Scheme-Growth - Direct 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 17.51% since inception which is more than its category average return of 15.87%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.41% in Equity, 0% in Debt and 1.59% in Cash related instruments
AUM size ₹5608 Cr

AUM size ₹5608 Cr

This fund has AUM of ₹5608 Cr which is more than its category average of ₹ 3661 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 1.48%

Frequently Asked Questions

The current NAV of Kotak ELSS Tax Saver-Scheme-Growth - Direct is ₹127.58 as on 22-May-2024.
Existing (Absolute + CAGR) as on 22-May-2024.
Kotak ELSS Tax Saver-Scheme-Growth - Direct
Absolute Returns
CAGR Returns
1 Month Returns
6.95%
6.95%
6 Month Returns
26.62%
26.62%
1 Year Returns
44.57%
44.57%
3 Years Returns
87.4%
23.29%
5 Years Returns
165.41%
21.56%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.58% as on April 2024
₹5608 Cr as on April 2024
Maruti Suzuki India Ltd(5.14%), HDFC Bank Ltd(4.74%), ICICI Bank Ltd(4.31%), State Bank of India(3.98%), Larsen & Toubro Ltd(3.77%) as on April 2024
Financial Services(23.09%), Industrial(19.26%), Consumer Cyclical(14.04%) as on April 2024
The alpha ratio for the Kotak ELSS Tax Saver-Scheme-Growth - Direct for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak ELSS Tax Saver-Scheme-Growth - Direct
8
4.66
3.39
As on April 2024
The alpha for Kotak ELSS Tax Saver-Scheme-Growth - Direct 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-Growth - Direct for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak ELSS Tax Saver-Scheme-Growth - Direct
0.76
0.83
0.91
As on April 2024
The Beta for Kotak ELSS Tax Saver-Scheme-Growth - Direct 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-Growth - Direct 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-Growth - Direct
3.19
1.43
0.88
As on April 2024
The sharpe ratio for Kotak ELSS Tax Saver-Scheme-Growth - Direct 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-Growth - Direct 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-Growth - Direct
8.99
11.56
17.76
As on April 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 2.85 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.65 as on April 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-Growth - Direct
The Exit load of Kotak ELSS Tax Saver-Scheme-Growth - Direct is 0%