Kotak ELSS Tax Saver Scheme Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-02-2025
₹ 120.03
▲0.4%
1D
Inception Returns
15.8%
/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 ₹5893 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Kotak ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 15.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.13%, 15.25% and 17.72% respectively.
Holdings
Kotak ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Basic Materials, Consumer Cyclical, Utilities, Energy, Consumer Defensive, Health, Communication. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Securities Ltd, Tech Mahindra Ltd, State Bank of India
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
▲
▼
5513 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
9
/23
50% Performance
47% Risk Management
59% Cost
9 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 | 0.67% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹5893 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 (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
Large cap
67.6%
Small cap
16.3%
Mid cap
15.7%
Sector Allocation
Financial Services
26.5%
Tech
15.2%
Industrial
14.2%
Basic Materials
9.4%
Consumer Cyclical
8.7%
Utilities
7%
Energy
6%
Consumer Defensive
5%
Health
4.3%
Communication
3.8%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 5.9K Cr as of Jan'25
- AUM decreased by 326.1 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Bharti Airtel Ltd's allocation increased from 2.08% to 2.39%
Infosys Ltd's allocation increased from 5.44% to 5.74%
Hindustan Unilever Ltd's allocation increased from 1.96% to 2.2%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 3.08 % to 3.01 %
Bosch Ltd's allocation decreased from 2.85 % to 2.54 %
Hindustan Petroleum Corp Ltd's allocation decreased from 2.46 % to 2.28 %
Small Cap allocation has gone down from 17.4% to 17.1%
Mid Cap allocation has gone up from 13.8% to 17.2%
Large Cap allocation has gone down from 66.2% to 63.2%
Cash allocation has gone down from 2.6% to 0.4%
Top 3 Sectors in January were Financial Services, Industrial & Tech
Jan'25
Financial Services
26%
Tech
15%
Industrial
14%
Dec'24
Financial Services
26%
Industrial
15%
Tech
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.65% | 0% | |
 Infosys Ltd | 5.74% | 0% | |
 ICICI Securities Ltd | 4% | 0% | |
 Tech Mahindra Ltd | 3.84% | 0% | |
 State Bank of India | 3.54% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 13.4% |
 SRF Ltd | 4.4% |
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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
₹4.84L Cr
as on 31-Jan-2025
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
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 12.82% return, outperforming this fund by 7.68%.
Over the last 6 months, this fund has increased expense ratio by 15.5% moving from 0.58 to 0.67.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.67% which is lower than the category average expense ratio of 1.29%.
Over the last 6 months, this fund has experienced a 7.0% drop in AUM moving from 6.33K Cr to 5.89K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.27% return, outperforming this fund by 11.55% per annum.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.61% return, outperforming this fund by 8.36% per annum.
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 15.83% since inception which is more than its category average return of 14.48%
Fund Allocations
This fund has an allocation of 99.6% in Equity, 0% in Debt and 0.4% in Cash related instruments
AUM size ₹5893 Cr
This fund has AUM of ₹5893 Cr which is more than its category average of ₹ 4780 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.37%
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 ₹120.03 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Kotak ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.95% | -5.95% |
6 Month Returns | -11.2% | -11.2% |
1 Year Returns | 5.13% | 5.13% |
3 Years Returns | 53.07% | 15.25% |
5 Years Returns | 126.08% | 17.72% |
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0.67% as on January 2025
₹5893 Cr as on January 2025
HDFC Bank Ltd(8.65%), Infosys Ltd(5.74%), ICICI Securities Ltd(4%), Tech Mahindra Ltd(3.84%), State Bank of India(3.54%) as on January 2025
Financial Services(26.37%), Tech(15.12%), Industrial(14.14%) as on January 2025
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 | 4.4 | 2.4 | 1.74 |
As on January 2025
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 | 1.01 | 0.9 | 0.91 |
As on January 2025
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 | 0.59 | 0.74 | 0.78 |
As on January 2025
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 | 13.52 | 13.08 | 18.03 |
As on January 2025
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 1.23 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on January 2025. 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%