Kotak Equity Savings Fund Direct Growth

About Kotak Equity Savings Fund

Kotak Equity Savings Fund is an open-ended equity scheme that generates income from cash-futures arbitrage positions. Simultaneously, the fund participates in equity market growth moderately. The fund has the potential for growth in the long-term through moderate exposure in directional equity.

Pros and Cons of Kotak Equity Savings Fund

Since the fund does not include aggressive mid/small cap exposure, it provides lower volatility conditions. Kotak Equity Savings Fund is treated similar to equity funds for tax purposes. Moreover, the one-year, three-year, and five-year returns of the fund have been higher than the category-average returns. On the other hand, the risk-adjusted returns of the fund have been lower than the other funds in the category.

Fund Information and Statistics

i) Inception/Launch Date

Kotak Equity Savings Fund was launched on 13 October 2014.

ii) Risk Level

The fund comes with a moderately high risk profile since the scheme predominantly invests in arbitrage opportunities in the cash and derivative segment of the equity and equity-related securities.

iii) Redemption

No lock-in period is applicable to the amount invested in the fund. This makes it easier for you to redeem the units whenever you wish. However, you may have to consider the exit load applicable if you redeem within a year from the date of allotment.

iv) Fund Manager

Kotak Equity Savings Fund is currently being managed by Mr Harish Krishnan, Mr Abhishek Bisen, Mr Arjun Khanna, and Mr Hiten Shah.

v) Entry/Exit Load

Entry load is not chargeable when you purchase mutual fund units. An exit load of 1% is chargeable if you happen to redeem/switch-out the fund units in excess of 8% of initial investment amount within one year from the date of allotment. Upon completing one year, no exit load is chargeable.

About Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund was incorporated as an asset management company on 5 August 1994. The sponsor of the fund house is Kotak Mahindra Bank Limited and the trustee company is Kotak Mahindra Trustee Corporation Limited. As on 30 June 2020, the average assets under management (AAUM) of the fund house is Rs.1,67,324.26 crore.