Kotak ELSS Tax Saver Scheme Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 133.96
1D
Inception Returns
17.2%
/yr
About Kotak ELSS Tax Saver Scheme Fund Direct Growth
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 ₹6148 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Kotak ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 17.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.56%, 20.11% and 21.79% respectively.
Holdings
Kotak ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Basic Materials, Consumer Cyclical, Utilities, Energy, Consumer Defensive, Health, Communication. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Securities Ltd, State Bank of India, Tech Mahindra 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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5575 people have invested ₹ 2.1Cr in Kotak ELSS Tax Saver Scheme Fund Direct Growth in the last three months
INDmoney Rank for Kotak ELSS Tax Saver Scheme Fund Direct Growth
Powered by IND quant engine
8
/23
52% Performance
53% Risk Management
93% Cost
8 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Kotak ELSS Tax Saver Scheme Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹6148 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 24.11% |
| 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)
Large cap
66.2%
Small cap
17.4%
Mid cap
13.8%
Sector Allocation
Financial Services
26.1%
Industrial
14.8%
Tech
13%
Basic Materials
11.4%
Consumer Cyclical
8.4%
Utilities
7.4%
Energy
6.2%
Consumer Defensive
4.9%
Health
4.2%
Communication
3.7%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.85% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.45% in Nov'24
- AUM of the fund stands at 6.1K Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Small Cap allocation has gone up from 16.6% to 17.4%
Mid Cap allocation has gone down from 14% to 13.8%
Large Cap allocation has gone down from 67% to 66.2%
Cash allocation has gone up from 1.5% to 1.7%
Top 3 Sectors in November were Financial Services, Industrial & Tech
Nov'24
Financial Services
26%
Industrial
15%
Tech
13%
Oct'24
Financial Services
26%
Industrial
14%
Tech
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.47% | 0% | |
 Infosys Ltd | 5.14% | 0% | |
 ICICI Securities Ltd | 4.01% | 11.8% | |
 State Bank of India | 3.6% | 0% | |
 Tech Mahindra Ltd | 3.53% | 12.5% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 8.5% |
 Tech Mahindra Ltd | 4.7% |
 HDFC Bank Ltd | 3.9% |
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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
₹4.81L Cr
as on 29-Nov-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
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.28%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.44% return, outperforming this fund by 10.32% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.67% return, outperforming this fund by 10.87% per annum.
Over the last 3 months, this fund has increased expense ratio by 15.1% moving from 0.53 to 0.61.
Over the last 3 months, this fund has experienced a 2.4% drop in AUM moving from 6.29K Cr to 6.14K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 52.84% return, outperforming this fund by 26.28%.
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 17.25% since inception which is more than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 98.34% in Equity, 0% in Debt and 1.66% in Cash related instruments
AUM size ₹6148 Cr
This fund has AUM of ₹6148 Cr which is more than its category average of ₹ 3992 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Kotak ELSS Tax Saver Scheme Fund Direct Growth
The current NAV of Kotak ELSS Tax Saver Scheme Fund Direct Growth is ₹133.96 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Kotak ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.08% | 4.08% |
6 Month Returns | 2.38% | 2.38% |
1 Year Returns | 26.56% | 26.56% |
3 Years Returns | 73.28% | 20.11% |
5 Years Returns | 168% | 21.79% |
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0.61% as on November 2024
₹6148 Cr as on November 2024
HDFC Bank Ltd(8.47%), Infosys Ltd(5.14%), ICICI Securities Ltd(4.01%), State Bank of India(3.6%), Tech Mahindra Ltd(3.53%) as on November 2024
Financial Services(25.62%), Industrial(14.53%), Tech(12.79%) as on November 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 | 6.57 | 3.6 | 3.17 |
As on November 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 | 0.81 | 0.87 | 0.9 |
As on November 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 | 1.87 | 1.04 | 0.92 |
As on November 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 | 11.46 | 12.31 | 17.69 |
As on November 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 1.86 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.69 as on November 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%