Kotak Nifty 50 Equal Weight Index Fund Direct Growth

Kotak Nifty 50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 23 December, 2024. The fund is managed by Satish Dondapati, Devender Singhal, Abhishek Bisen. The fund could potentially beat inflation in the long-run.

1. Kotak Nifty 50 Equal Weight Index Fund Direct Growth has ₹13 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Kotak Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 5.74% since inception.

Kotak Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Energy, Consumer Defensive, Health, Industrial, Utilities, Communication. Its top holdings are Jio Financial Services Ltd, IndusInd Bank Ltd, Shriram Finance Ltd, Adani Ports & Special Economic Zone Ltd, HDFC Life Insurance Co 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 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 provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty 50 Equal Weight Index Fund Direct Growth has no lock in period.