Kotak Multi Asset Allocation Fund Direct Growth

Kotak Multi Asset Allocation Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 02-12-2024

₹ 13.16

0.4%

1D

Inception Returns

25.8%

/yr

About Kotak Multi Asset Allocation Fund Direct Growth

Kotak Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 22 September, 2023. The fund is managed by Abhishek Bisen, Hiten Shah, Devender Singhal. This fund gives you the benefit of diversification.

Key Parameters

  1. Kotak Multi Asset Allocation Fund Direct Growth has ₹7485 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Kotak Multi Asset Allocation Fund Direct Growth has given a CAGR return of 25.80% since inception. Over the last 1 year the fund has given a CAGR return of 25.10%.

Holdings

Kotak Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Utilities, Corporate, Communication, Industrial, Basic Materials, Health, Energy, Real Estate.

Taxation

As it is a multi asset allocation 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 Multi Asset Allocation Fund Direct Growth

The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Multi Asset Allocation Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1663 people have invested ₹ 2.8Cr in Kotak Multi Asset Allocation Fund Direct Growth in the last three months

Kotak Multi Asset Allocation Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
IISL Nifty 500 TR INR
AUM₹7485 Cr
Inception Date22 September, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
144.55%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
High Risk

Trailing Returns

as on (02-Dec-24)

Period
Kotak Multi Asset Allocation Fund Direct Growth
Multi Asset Allocation Index
1M
0.6%
-
3M
-0.4%
-
6M
7.8%
-
1Y
25.1%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 57.5%

  • Debt & Cash 23.2%

Large cap
45.8%

Small cap
11.2%

Mid cap
10.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.1%
Consumer Cyclical
21.5%
Tech
12.6%
Consumer Defensive
11.3%
Utilities
9.6%
Communication
7.1%
Industrial
6.7%
Basic Materials
5.4%
Health
1.9%
Energy
1.4%
Real Estate
0.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 7.6K Cr
₹ 7.6K Cr
₹ 7.3K Cr
  • AUM of the fund stands at 7.6K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Consumer Cyclical & Financial Services

Oct'24
Government
35%
Financial Services
22%
Consumer Cyclical
22%
Sep'24
Government
35%
Consumer Cyclical
21%
Financial Services
20%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
114
112
110
Top 5 Company Concentration
17.3%
18%
17.1%
Company having highest exposure
Maruti Suzuki India Ltd (3.8%)
Maruti Suzuki India Ltd (4.2%)
Maruti Suzuki India Ltd (4.1%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
102.5%
99.4%
93.6%
Sector having highest exposure
Government (34.9%)
Government (34.9%)
Government (30.3%)
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Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Multi Asset Allocation Fund Direct Growth, since 22 September 2023
Hiten Shah
Hiten Shah
Fund Manager of Kotak Multi Asset Allocation Fund Direct Growth, since 22 September 2023
Devender Singhal
Devender Singhal
Fund Manager of Kotak Multi Asset Allocation Fund Direct Growth, since 22 September 2023
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-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 Multi Asset Allocation Fund Direct Growth Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered an average annual returns of 25.8% since inception which is more than its category average return of 13.06%
Fund Allocations

Fund Allocations

This fund has an allocation of 57.54% in Equity, 10.17% in Debt and 13.01% in Cash related instruments
AUM size ₹7485 Cr

AUM size ₹7485 Cr

This fund has AUM of ₹7485 Cr which is more than its category average of ₹ 3896 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions for Kotak Multi Asset Allocation Fund Direct Growth

The current NAV of Kotak Multi Asset Allocation Fund Direct Growth is ₹13.16 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Kotak Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
7.8%
7.8%
1 Year Returns
25.1%
25.1%
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.
0.3% as on November 2024
₹7485 Cr as on November 2024
Kotak Gold ETF(10.36%), Kotak Silver ETF(9.36%), Maruti Suzuki India Ltd(3.85%), NTPC Ltd(3.7%), HDFC Bank Ltd(3.68%) as on November 2024
Cash Equivalent(23.72%), Government(15.65%), Financial Services(12.73%) as on November 2024
AAA
100
Abhishek Bisen, Hiten Shah, Devender Singhal are the fund managers of Kotak Multi Asset Allocation Fund Direct Growth
The Exit load of Kotak Multi Asset Allocation Fund Direct Growth is 1%