Kotak Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 20-12-2024
₹ 14.54
1D
Inception Returns
24%
/yr
About Kotak Banking & Financial Services Fund Direct Growth
Kotak Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 27 February, 2023. The fund is managed by Abhishek Bisen, Shibani Kurian. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Banking & Financial Services Fund Direct Growth has ₹1031 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 24.00% since inception. Over the last 1 year the fund has given a CAGR return of 15.36%.
Holdings
Kotak Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd
Taxation
As it is a sector - financial services 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.
Investment objective of Kotak Banking & Financial Services Fund Direct Growth
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Kotak Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.68% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1031 Cr |
| Inception Date | 27 February, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 25.4% |
| 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 |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.29% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.89% in Nov'24
- AUM of the fund stands at 985.9 Cr as of Nov'24
- AUM decreased by 11.4 Cr between Nov'24 and Oct'24
Top Sector in November was Financial Services
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 18.84% | 0% | |
 ICICI Bank Ltd | 17.58% | 6.6% | |
 State Bank of India | 6.91% | 0% | |
 Axis Bank Ltd | 6.31% | 0% | |
 Kotak Mahindra Bank Ltd | 4.45% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 4.4% |
 HDFC Bank Ltd | 3.9% |
 Power Finance Corporation Ltd | 3.3% |
Kotak Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1031 Cr
Expense Ratio 0.68%
Frequently Asked Questions for Kotak Banking & Financial Services Fund Direct Growth
Kotak Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.05% | 2.05% |
6 Month Returns | 3.7% | 3.7% |
1 Year Returns | 15.36% | 15.36% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 4.67 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 0.86 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 1.36 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Banking & Financial Services Fund Direct Growth | 11.69 | - | - |