Kotak Nifty Next 50 Index Fund Direct Growth
About the Fund
Kotak Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 10 March, 2021. The fund is managed by Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty Next 50 Index Fund Direct Growth has ₹291 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Kotak Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 24.10% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 62.31% and 22.90% respectively.
Holdings
Kotak Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate, Communication, Health. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp Ltd
Taxation
As it is a index funds 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Kotak Nifty Next 50 Index Fund Direct Growth
The investment objective of the scheme is to replicate the composition of the Nifty Next 50 and to generate returns that are commensurate with the performance of the NIFTY Next 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Next 50 Index Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.35% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹291 Cr |
| Inception Date | 10 March, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 56.76% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Info Edge (India) Ltd | 5.1% |
Samvardhana Motherson International Ltd | 1% |
Kotak Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹291 Cr
Expense Ratio 0.35%
Frequently Asked Questions
Kotak Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.78% | 0.78% |
6 Month Returns | 34.53% | 34.53% |
1 Year Returns | 62.31% | 62.31% |
3 Years Returns | 85.63% | 22.9% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | -0.42 | -0.12 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 1 | 0.99 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 3.18 | 1.03 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 13.94 | 16.84 | - |