Kotak Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 24-01-2025
₹ 18.13
1D
Inception Returns
16.6%
/yr
About Kotak Nifty Next 50 Index Fund Direct Growth
Kotak Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 10 March, 2021. The fund is managed by Satish Dondapati, Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty Next 50 Index Fund Direct Growth has ₹400 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Kotak Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.60% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 15.86% and 16.18% respectively.
Holdings
Kotak Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Utilities, Consumer Defensive, Basic Materials, Health, Real Estate, Communication, Tech, Energy. Its top holdings are Zomato Ltd, Jio Financial Services Ltd, InterGlobe Aviation Ltd, Varun Beverages Ltd, Hindustan Aeronautics Ltd Ordinary Shares
Taxation
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.
Investment objective of Kotak Nifty Next 50 Index Fund Direct Growth
The investment objective of the scheme is to replicate the composition of the Nifty Next 50 and to generate returns that are commensurate with the performance of the NIFTY Next 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for Kotak Nifty Next 50 Index Fund Direct Growth
Kotak Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.11% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹400 Cr |
| Inception Date | 10 March, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 38.31% |
| 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 |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.22% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty Next 50 by 1.94% in Nov'24
- AUM of the fund stands at 400.5 Cr as of Dec'24
- AUM increased by 54.3 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Industrial & Basic Materials
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Holdings & Investment Ltd | 1.5% |
Kotak Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹400 Cr
Expense Ratio 0.11%
Frequently Asked Questions for Kotak Nifty Next 50 Index Fund Direct Growth
Kotak Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -9.12% | -9.12% |
6 Month Returns | -12.68% | -12.68% |
1 Year Returns | 15.86% | 15.86% |
3 Years Returns | 56.8% | 16.18% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | -0.14 | -0.09 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 0.99 | 0.99 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 1.2 | 0.67 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty Next 50 Index Fund Direct Growth | 16.14 | 18.14 | - |