Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 14.41
1D
Inception Returns
42.8%
/yr
Kotak BSE Housing Index Fund Direct Growth is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Abhishek Bisen, Devender Singhal. The fund could potentially beat inflation in the long-run.
Kotak BSE Housing Index Fund Direct Growth has given a CAGR return of 42.77% since inception. Over the last 1 year the fund has given a CAGR return of 38.91%.
Kotak BSE Housing Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Real Estate, Industrial, Tech, Financial Services. Its top holdings are Dixon Technologies (India) Ltd, Grasim Industries Ltd, Godrej Properties Ltd, UltraTech Cement Ltd, Voltas 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 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.
The investment objective of the scheme is to replicate the composition of the S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak BSE Housing Index Fund Direct Growth has no lock in period.
Expense ratio | 0.22% |
Benchmark | BSE Housing TR INR |
AUM | ₹18 Cr |
Inception Date | 28 August, 2023 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 90.2% |
STCG | Redeeming 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 |
as on (31-Jul-24)
Top 3 Sectors in July were Basic Materials, Industrial & Real Estate
Kotak BSE Housing Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.34% | 4.34% |
6 Month Returns | 18.88% | 18.88% |
1 Year Returns | 38.91% | 38.91% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak BSE Housing Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak BSE Housing Index Fund Direct Growth | 2.17 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak BSE Housing Index Fund Direct Growth | 14.59 | - | - |