Equity
Direct
Index Funds
NAV as on 05-12-2024
₹ 20.98
▲0.5%
1D
Inception Returns
21.8%
/yr
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, Satish Dondapati. The fund could potentially beat inflation in the long-run.
Kotak Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 21.83% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 46.42% and 20.22% respectively.
Kotak Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Real Estate, Communication, Energy, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Tata Power Co Ltd, InterGlobe Aviation Ltd
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.
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 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.
Expense ratio | 0.11% |
Benchmark | IISL Nifty Next 50 TR INR |
AUM | ₹346 Cr |
Inception Date | 10 March, 2021 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 38.31% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Industrial & Basic Materials
Kotak Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.12% | 4.12% |
6 Month Returns | 13.08% | 13.08% |
1 Year Returns | 46.42% | 46.42% |
3 Years Returns | 73.76% | 20.22% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | -0.41 | -0.16 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 2 | 0.78 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 17.02 | 17.88 | - |