Kotak Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 13 October, 2014. The fund is managed by Hiten Shah, Arjun Khanna, Abhishek Bisen, Devender Singhal. This fund gives you the benefit of diversification.
Kotak Equity Savings Fund Direct Growth has given a CAGR return of 10.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.54%, 13.68% and 13.03% respectively.
Kotak Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Corporate, Basic Materials, Consumer Defensive, Communication, Energy, Industrial, Utilities, Government, Tech, Health, Real Estate.
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments.There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.69% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹6077 Cr |
Inception Date | 13 October, 2014 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 53.82% |
Risk | Moderate Risk |
Kotak Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.76% | 1.76% |
6 Month Returns | 10.24% | 10.24% |
1 Year Returns | 20.54% | 20.54% |
3 Years Returns | 46.9% | 13.68% |
5 Years Returns | 84.46% | 13.03% |
AAA | 100 |