Kotak Equity Arbitrage Fund - Growth - Direct
Min amount: ₹1,000
- Fund Summary
- More about Fund
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|Fund Type||Arbitrage Fund|
|Exit Load||0.25% for 30 Days|
More about this fund
|Kotak Liquid Dir Gr||18.22%|
|Kotak Money Market Dir Gr||6.09%|
|Bharti Airtel Ltd-APR2021||3.26%|
|Bharti Airtel Ltd||3.24%|
|Adani Port and Special Economic Zone Ltd.-APR2021||2.82%|
|Adani Ports & Special Economic Zone Ltd||2.8%|
|ICICI Bank Ltd.-APR2021||2.77%|
|ICICI Bank Ltd||2.75%|
About Kotak Equity Arbitrage Fund
Kotak Equity Arbitrage Fund, an open-ended equity scheme, generates capital appreciation by investing in arbitrage opportunities in the cash and derivatives segment of the equity markets. The remaining assets are invested in debt and money market instruments. The fund enters into simultaneous transactions with a long-term position in cash and off-setting short-term position in futures. In this case, the positions are reversed towards the expiry of the derivatives contract.
Pros and Cons of Kotak Equity Arbitrage Fund
The equity position of the fund is completely hedged at the time of trade initiation. The one-year, three-year, and five-year returns from the fund have been higher than the category-average returns. The age of the fund is more than 5 years.
Fund Information and Statistics
i) Inception/Launch Date
Kotak Equity Arbitrage Fund was launched on 29 September 2005.
ii) Risk Level
The fund includes a risk profile that is moderately low since the fund invests in the arbitrage opportunities in the cash and derivatives segment of the equity market.
Though there is no lock-in period for the investment amount, an exit load is applicable if you redeem within 30 days from the date of allotment.
iv) Fund Manager
The current Fund Manager for Kotak Equity Arbitrage Fund is Mr Hiten Shah.
v) Entry/Exit Load
An entry load is not charged when you purchase mutual fund units. However, an exit load of 0.25% is charged if you redeem/switch out fund units within 30 days from the date of allotment. Upon completing 30 days, no exit load is chargeable.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company Limited (KMAMC) was incorporated on 5 August 1994; it started operations in December 1998. While the sponsor for the AMC is Kotak Mahindra Bank Limited, the trustee company is Kotak Mahindra Trustee Corporation Limited. Currently, the AMC offers around 94 different folios to its customers.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns