Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 136.97
1D
Inception Returns
17.7%
/yr
Kotak ELSS Tax Saver Scheme Fund Direct Growth 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.
Kotak ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 17.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.11%, 20.32% and 24.76% respectively.
Kotak ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Energy, Utilities, Tech, Health, Consumer Defensive, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, State Bank of India, Larsen & Toubro Ltd, Infosys Ltd
As it is a elss (tax savings) 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 generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Kotak ELSS Tax Saver Scheme Fund Direct Growth of 3 Years
Expense ratio | 0.53% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹6335 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 24.11% |
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 (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
Kotak ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.36% | 3.36% |
6 Month Returns | 16.7% | 16.7% |
1 Year Returns | 37.11% | 37.11% |
3 Years Returns | 74.17% | 20.32% |
5 Years Returns | 202.22% | 24.76% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak ELSS Tax Saver Scheme Fund Direct Growth | 6.38 | 3.84 | 3.21 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak ELSS Tax Saver Scheme Fund Direct Growth | 0.75 | 0.84 | 0.9 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak ELSS Tax Saver Scheme Fund Direct Growth | 2.91 | 1.25 | 1.08 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak ELSS Tax Saver Scheme Fund Direct Growth | 9.61 | 11.56 | 17.4 |