Kotak ELSS Tax Saver Scheme Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 136.97
1D
Inception Returns
17.7%
/yr
About the Fund
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.
Key Parameters
- Kotak ELSS Tax Saver Scheme Fund Direct Growth has ₹6335 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of Kotak ELSS Tax Saver Scheme Fund Direct Growth
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 and lockin period
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
Historical NAV & Returns
Annualised
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5532 people have invested ₹ 2.1Cr in Kotak ELSS Tax Saver Scheme Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
5
/23
52% Performance
55% Risk Management
88% Cost
5 out of 23 among elss (tax savings)
Lower volatility within category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Overview
| 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 |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
61.1%
Mid cap
22.5%
Small cap
15%
Sector Allocation
Financial Services
23.8%
Industrial
18.7%
Basic Materials
14.1%
Consumer Cyclical
9.5%
Energy
8.9%
Utilities
8%
Tech
5.8%
Health
4.4%
Consumer Defensive
3.5%
Communication
3.3%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.67% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 0.14% in Jul'24
- AUM of the fund stands at 6.3K Cr as of Jul'24
- AUM increased by 233.8 Cr between Jul'24 and Jun'24
Top Stocks bought last month
ICICI Securities Ltd's allocation increased from 0.91% to 2.73%
KNR Constructions Ltd's allocation increased from 1.43% to 2.05%
HDFC Bank Ltd's allocation increased from 7.18% to 7.65%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.62 % to 4.28 %
State Bank of India's allocation decreased from 3.76 % to 3.72 %
Axis Bank Ltd's allocation decreased from 3.73 % to 3.31 %
Large Cap allocation has gone down from 63.5% to 63.1%
Cash allocation has gone down from 0.7% to 0.6%
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
Jul'24
Financial Services
24%
Industrial
19%
Basic Materials
14%
Jun'24
Financial Services
24%
Industrial
19%
Basic Materials
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.65% | 15.4% | |
 Reliance Industries Ltd | 4.28% | 0% | |
 State Bank of India | 3.72% | 0% | |
 Infosys Ltd | 3.54% | 0% | |
 Larsen & Toubro Ltd | 3.54% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Gujarat State Petronet Ltd | 36.1% |
 ICICI Securities Ltd | 12.4% |
 Infosys Ltd | 10.4% |
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Harsha Upadhyaya
Fund Manager of Kotak ELSS Tax Saver Scheme Fund Direct Growth, since 25 August 2015
Top funds managed
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹3.65L Cr
as on 31-Jul-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 23.2% moving from 0.69 to 0.53.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.53% which is lower than the category average expense ratio of 1.27%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.27% return, outperforming this fund by 6.96% per annum.
Over the last 6 months, this fund has experienced a 32.0% growth in AUM moving from 4.79K Cr to 6.33K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.15% return, outperforming this fund by 13.39% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 62.76% return, outperforming this fund by 25.66%.
Kotak ELSS Tax Saver Scheme Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.75% since inception which is more than its category average return of 16.78%
Fund Allocations
This fund has an allocation of 99.41% in Equity, 0% in Debt and 0.59% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4101 Cr
Expense Ratio 0.53%
This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Kotak ELSS Tax Saver Scheme Fund Direct Growth is ₹136.97 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
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% |
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0.53% as on August 2024
₹6335 Cr as on August 2024
HDFC Bank Ltd(7.65%), Reliance Industries Ltd(4.28%), State Bank of India(3.72%), Larsen & Toubro Ltd(3.54%), Infosys Ltd(3.54%) as on August 2024
Financial Services(23.65%), Industrial(18.63%), Basic Materials(14%) as on August 2024
The alpha ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The alpha for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The Beta for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The sharpe ratio for Kotak ELSS Tax Saver Scheme Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Kotak ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
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 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.46 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.54 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Harsha Upadhyaya is the fund manager of Kotak ELSS Tax Saver Scheme Fund Direct Growth
The Exit load of Kotak ELSS Tax Saver Scheme Fund Direct Growth is 0%