Kotak Income Plus Arbitrage Fund of Funds Direct Growth

Kotak Income Plus Arbitrage Fund of Funds Direct Growth

Hybrid

Direct

Fund Of Funds

NAV as on 04-11-2024

₹ 11.72

-0.1%

1D

Inception Returns

8.4%

/yr

About Kotak Income Plus Arbitrage Fund of Funds Direct Growth

Kotak Income Plus Arbitrage Fund of Funds Direct Growth is a hybrid fund. This fund was started on 17 November, 2022. The fund is managed by Abhishek Bisen. This fund gives you the benefit of diversification.

Key Parameters

  1. Kotak Income Plus Arbitrage Fund of Funds Direct Growth has ₹21 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Kotak Income Plus Arbitrage Fund of Funds Direct Growth has given a CAGR return of 8.40% since inception. Over the last 1 year the fund has given a CAGR return of 9.26%.

Holdings

Kotak Income Plus Arbitrage Fund of Funds Direct Growth has allocated its funds majorly in Real Estate, Government, Corporate, Cash Equivalent.

Taxation

As it is a fund of funds 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Kotak Income Plus Arbitrage Fund of Funds Direct Growth

To generate long-term capital appreciation from a portfolio created by investing in debt oriented mutual fund schemes of Kotak Mahindra Mutual Fund.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Income Plus Arbitrage Fund of Funds Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
53 people have invested ₹ 20.1L in Kotak Income Plus Arbitrage Fund of Funds Direct Growth in the last three months

Kotak Income Plus Arbitrage Fund of Funds Direct Growth Overview

Expense ratio0.09%
Benchmark
Nifty Composite Debt TR INR
AUM₹21 Cr
Inception Date17 November, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
160.12%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (04-Nov-24)

Period
Kotak Income Plus Arbitrage Fund of Funds Direct Growth
Fund of Funds Index
1M
-0.3%
-
3M
2.5%
-
6M
6.4%
-
1Y
9.3%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 1.4%

  • Debt & Cash 98%

Sector Allocation

Sep'24

Aug'24

Jul'24

Real Estate
100%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 34.8 Cr
₹ 34.8 Cr
₹ 29.8 Cr
  • AUM of the fund stands at 34.8 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Real Estate, Government & Corporate

Sep'24
Real Estate
100%
Government
90%
Corporate
2%
Aug'24
Real Estate
100%
Government
76%
Corporate
7%
  • Debt & Cash

Holdings
Weight%
1M Change
Kotak Long Duration Dir Gr
Kotak Long Duration Dir Gr
71.31%
0%
Kotak M/T Dir Gr
Kotak M/T Dir Gr
15.05%
0%
Kotak Dynamic Bond Dir Gr
Kotak Dynamic Bond Dir Gr
10.08%
0%
Kotak Gilt-Investment Growth - Direct
Kotak Gilt-Investment Growth - Direct
2.15%
0%
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Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Income Plus Arbitrage Fund of Funds Direct Growth, since 17 November 2022
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.68L Cr
as on 30-Sep-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Kotak Income Plus Arbitrage Fund of Funds Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.4% since inception which is less than its category average return of 11.4%
Fund Allocations

Fund Allocations

This fund has an allocation of 1.44% in Equity, 92.15% in Debt and 5.88% in Cash related instruments
AUM size ₹21 Cr

AUM size ₹21 Cr

This fund has AUM of ₹21 Cr which is less than its category average of ₹ 714 Cr
Expense Ratio 0.09%

Expense Ratio 0.09%

This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.78%

Frequently Asked Questions for Kotak Income Plus Arbitrage Fund of Funds Direct Growth

The current NAV of Kotak Income Plus Arbitrage Fund of Funds Direct Growth is ₹11.72 as on 04-Nov-2024.
Existing (Absolute + CAGR) as on 04-Nov-2024.
Kotak Income Plus Arbitrage Fund of Funds Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.33%
-0.33%
6 Month Returns
6.44%
6.44%
1 Year Returns
9.26%
9.26%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.09% as on October 2024
₹21 Cr as on October 2024
Government(80.85%), Corporate(11.36%), Cash Equivalent(6.36%) as on October 2024
AAA
91.56
AA
7.26
A
1.18
Abhishek Bisen is the fund manager of Kotak Income Plus Arbitrage Fund of Funds Direct Growth
The Exit load of Kotak Income Plus Arbitrage Fund of Funds Direct Growth is 0%