Overview
Kotak ELSS Tax Saver Fund Direct Growth
Kotak Mahindra Mutual Fund
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Investments in Kotak ELSS Tax Saver Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 128.71
Fund Size (AUM)
₹5862.55 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
01-Jan-2013
Expense Ratio
0.71%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
14.21
History
Performance & Ratios
1-Year SIP Return
-8.92%
3-Year SIP Return
14.62%
5-Year SIP Return
18.49%
Mean Return
10.26%
Alpha
1.83
Beta
0.92
Sharpe Ratio
0.64
Sortino Ratio
0.97
Information Ratio
0.28
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.83% | 16.39% | 26.28% | 15.44% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 31 | 16 | 14 | N/A |
Holdings (55)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 9.36% |
| ICICI Bank Ltd. | Financial | Equity | 5.98% |
| Infosys Ltd. | Technology | Equity | 4.82% |
| State Bank of India | Financial | Equity | 3.55% |
| Axis Bank Ltd. | Financial | Equity | 3.29% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.28% |
| Tech Mahindra Ltd. | Technology | Equity | 3.27% |
| Bharti Airtel Ltd. | Communication | Equity | 3.07% |
| NTPC Ltd. | Energy | Equity | 3.05% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 2.3% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Not Available
AMC Details
Asset Management Company
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund started their mutual fund on 23/06/1998 and its managing total assets of ₹1,10,832 Cr. Its ranked at 7 as per total assets at end of 30th Sep 2017. Kotak Mahindra Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Kotak Group is India's first NBFC. It has about 80 branches that offer mutual fund services. It also has overseas branches in Abu Dhabi, Dubai, London, New York, Texas, California and Singapore.
Kotak Group has a market capitalization of USD 26.98 Bn and around 46,000+ employees working under it. The asset management company offers various funds across different market capitalization for investors with varying risk appetite and ideal investment duration.
The vision of Kotak mutual funds is to be an ethical market player in the Indian mutual fund industry and it strives to offer the best products to its investors. Kotak has a legacy of many years and therefore, its brand value helps its products to stand-out in the market. The AMC has garnered over 10 lakh customers, within the span of 12 years.
Launch Date
1994-08-05T00:00:00.326Z
Total AUM
₹ 473887.31 Cr
Address
The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla ComplexBandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Kotak ELSS Tax Saver Fund Direct Growth
Kotak Mahindra Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Kotak ELSS Tax Saver Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Kotak ELSS Tax Saver Fund Direct Growth?
The top stocks held by Kotak ELSS Tax Saver Fund Direct Growth include HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd..
Which industries does Kotak ELSS Tax Saver Fund Direct Growth invest in?
Kotak ELSS Tax Saver Fund Direct Growth primarily invests in the following industries: Financial, Technology, Construction.
Who is the fund manager of Kotak ELSS Tax Saver Fund Direct Growth?
The fund manager of Kotak ELSS Tax Saver Fund Direct Growth is Harsha Upadhyaya.
How many years has the fund manager been managing Kotak ELSS Tax Saver Fund Direct Growth?
Harsha Upadhyaya: Calculating...
What is the minimum investment for Kotak ELSS Tax Saver Fund Direct Growth?
The minimum investment for Kotak ELSS Tax Saver Fund Direct Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Kotak ELSS Tax Saver Fund Direct Growth?
Calculating...
What are the average 3-year returns for Kotak ELSS Tax Saver Fund Direct Growth?
Calculating...
What is the expense ratio of Kotak ELSS Tax Saver Fund Direct Growth, and how does it compare to its category?
The expense ratio of Kotak ELSS Tax Saver Fund Direct Growth is 0.71%. The average expense ratio for similar funds in the Equity is Calculating....