Kotak ELSS Tax Saver-Scheme-Growth - Direct
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 121.32 as on 24-04-2024
Fund Performance
5304 people have invested ₹ 3Cr in Kotak ELSS Tax Saver-Scheme-Growth - Direct in the last three months
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.95% return, outperforming this fund by 13.44% per annum.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.72% return, outperforming this fund by 22.71%.
Over the last 6 months, this fund has experienced a 26.1% growth in AUM moving from 4.19K Cr to 5.29K Cr.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.74% return, outperforming this fund by 9.85% per annum.
Over the last 1 year, this fund has decreased expense ratio by 18.8% moving from 0.69 to 0.56.
INDmoney Rank of Kotak ELSS Tax Saver-Scheme-Growth - Direct
Powered by IND quant engine
5
/23
59% Performance
48% Risk Management
95% Cost
5 out of 23 among elss (tax savings)
Pros
Lower volatility within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Kotak ELSS Tax Saver-Scheme-Growth - Direct
Kotak ELSS Tax Saver-Scheme-Growth - Direct 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.
Key Parameters
- Kotak ELSS Tax Saver-Scheme-Growth - Direct has ₹5295 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Kotak ELSS Tax Saver-Scheme-Growth - Direct Overview
 | 0.56% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹5295 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 13.34% |
Kotak ELSS Tax Saver-Scheme-Growth - Direct Distribution as on (31-Mar-24)
Size breakup
Large cap
67.5%
Mid cap
17.8%
Small cap
12.3%
Sector Allocation
Financial Services
23.6%
Industrial
19.5%
Consumer Cyclical
14.5%
Basic Materials
12.8%
Utilities
7.4%
Energy
7.3%
Health
4.8%
Tech
4.2%
Consumer Defensive
3.3%
Communication
2.6%
Top Holdings of Kotak ELSS Tax Saver-Scheme-Growth - Direct as on (31-Mar-24)
Equity Holdings58
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Maruti Suzuki India Ltd | 5.35% | 0% | |
 HDFC Bank Ltd | 4.79% | 0% | |
 ICICI Bank Ltd | 4.34% | 0% | |
 Larsen & Toubro Ltd | 4.18% | 0% | |
 State Bank of India | 3.84% | 0% |
See all
Kotak ELSS Tax Saver-Scheme-Growth - Direct: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.74% in Mar'24
AUM Change
- AUM of the fund stands at 5.3K Cr as of Mar'24
- AUM increased by 244.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Kotak ELSS Tax Saver-Scheme-Growth - Direct portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Solar Industries India Ltd | 16.1% |
 Linde India Ltd | 12.2% |
 Maruti Suzuki India Ltd | 7.7% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Hindustan Petroleum Corporation Ltd | -1.2% |
 Axis Bank Ltd | -0.6% |
Peer Analysis
Kotak ELSS Tax Saver-Scheme-Growth - Direct Fund Manager
Harsha Upadhyaya
Fund Manager of Kotak ELSS Tax Saver-Scheme-Growth - Direct, since 25 August 2015
Top funds managed
Kotak ELSS Tax Saver-Scheme-Growth - Direct Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.05% since inception which is more than its category average return of 15.65%
Fund Allocations
This fund has an allocation of 97.64% in Equity, 0% in Debt and 2.36% in Cash related instruments
AUM size ₹5295 Cr
This fund has AUM of ₹5295 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Kotak ELSS Tax Saver-Scheme-Growth - Direct is ₹121.32 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Kotak ELSS Tax Saver-Scheme-Growth - Direct | Absolute Returns | CAGR Returns |
1 Month Returns | 3.74% | 3.74% |
6 Month Returns | 22.76% | 22.76% |
1 Year Returns | 41.01% | 41.01% |
3 Years Returns | 85.61% | 22.89% |
5 Years Returns | 154.13% | 20.51% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.56% as on March 2024
₹5295 Cr as on March 2024
Maruti Suzuki India Ltd(5.35%), HDFC Bank Ltd(4.79%), ICICI Bank Ltd(4.34%), Larsen & Toubro Ltd(4.18%), State Bank of India(3.84%) as on March 2024
Financial Services(23.05%), Industrial(19.01%), Consumer Cyclical(14.15%) as on March 2024
The alpha ratio for the Kotak ELSS Tax Saver-Scheme-Growth - Direct for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak ELSS Tax Saver-Scheme-Growth - Direct | 6.26 | 4.02 | 3.26 |
As on March 2024
The alpha for Kotak ELSS Tax Saver-Scheme-Growth - Direct is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Kotak ELSS Tax Saver-Scheme-Growth - Direct for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak ELSS Tax Saver-Scheme-Growth - Direct | 0.74 | 0.82 | 0.91 |
As on March 2024
The Beta for Kotak ELSS Tax Saver-Scheme-Growth - Direct is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Kotak ELSS Tax Saver-Scheme-Growth - Direct for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak ELSS Tax Saver-Scheme-Growth - Direct | 3.14 | 1.32 | 0.84 |
As on March 2024
The sharpe ratio for Kotak ELSS Tax Saver-Scheme-Growth - Direct is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Kotak ELSS Tax Saver-Scheme-Growth - Direct for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak ELSS Tax Saver-Scheme-Growth - Direct | 8.63 | 11.38 | 17.68 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.58 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.51 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Harsha Upadhyaya is the fund manager of Kotak ELSS Tax Saver-Scheme-Growth - Direct
The Exit load of Kotak ELSS Tax Saver-Scheme-Growth - Direct is 0%