Kotak Nifty Smallcap 50 Index Fund Direct Growth

Kotak Nifty Smallcap 50 Index Fund Direct Growth is an equity fund. This fund was started on 10 April, 2023. The fund is managed by Satish Dondapati, Abhishek Bisen, Devender Singhal. The fund could potentially beat inflation in the long-run.

1. Kotak Nifty Smallcap 50 Index Fund Direct Growth has ₹113 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Kotak Nifty Smallcap 50 Index Fund Direct Growth has given a CAGR return of 53.49% since inception. Over the last 1 year the fund has given a CAGR return of 25.53%.

Kotak Nifty Smallcap 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Health, Communication, Utilities, Consumer Cyclical, Consumer Defensive, Real Estate, Energy. Its top holdings are Multi Commodity Exchange of India Ltd, Central Depository Services (India) Ltd, Crompton Greaves Consumer Electricals Ltd, Blue Star Ltd, Computer Age Management Services Ltd Ordinary Shares

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 benefit
Dividends 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 replicate the composition of the Nifty Smallcap 50 Index and to generate returns that are commensurate with the performance of the Nifty Smallcap 50 Index, subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme would be achieved. The scheme does not assure or guarantee any returns

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Smallcap 50 Index Fund Direct Growth has no lock in period.