Kotak ELSS Tax Saver Scheme Fund Direct Growth

Kotak ELSS Tax Saver Scheme Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Harsha Upadhyaya. The fund could potentially beat inflation in the long-run.

1. Kotak ELSS Tax Saver Scheme Fund Direct Growth has ₹6266 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

Kotak ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 16.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 1.13%, 23.04% and 24.65% respectively.

Kotak ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Basic Materials, Consumer Cyclical, Utilities, Energy, Communication, Consumer Defensive, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, State Bank of India

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Kotak ELSS Tax Saver Scheme Fund Direct Growth of 3 Years