Kotak NV 20 ETF
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|Risk||Moderately High risk|
More about this fund
|Reliance Industries Ltd||16.59%|
|Tata Consultancy Services Ltd||15.61%|
|Hindustan Unilever Ltd||11.39%|
|HCL Technologies Ltd||4.62%|
|Power Grid Corp Of India Ltd||3.42%|
|Tech Mahindra Ltd||3.34%|
|Oil & Natural Gas Corp Ltd||3.26%|
|Bajaj Auto Ltd||3.1%|
About Kotak NV 20 ETF
The Kotak NV 20 ETF as the name suggests will invest in the companies on the NV 20 Index. The investment objective is to closely replicate the returns of the stock on the NV 20 Index. The Index comprises 20 stocks of most liquid blue chip companies across 8 sectors of the economy. The fund is suitable for long-term capital appreciation.
Pros & Cons of Kotak NV 20 ETF
Kotak NV 20 ETF offers the following benefits:
- The scheme is an efficient tool to invest and generate returns in line with the companies present on the NV 20 Index.
- It allows new investors to benefit from the growing Indian economy and rise of bluechip stocks.
- Notably, the Assets Under Management are only 4.74 crores.
Fund Information and Statistics of Kotak NV 20 ETF
i) Inception/ Launch date
The Kotak NV 20 ETF was launched on December 08, 2015, by Kotak Mutual Funds.
ii) Risk level
Investments in the Kotak NV 20 ETF are moderately high-risk bet and suitable for investors with long-term investment horizon.
Redemption can be done on any day based on redemption prices for that day. The proceeds will be dispatched within 10 business days from the day of the redemption request.
iv) Fund Manager
The fund is managed by Mr Deepak Gupta since inception. He is a CA, CFA, and comes with 13 years of experience.
v) Entry / Exit load
The fund house does not charge any entry load or exit load on redemption.
Benefits of investing in Kotak NV 20 ETF
The Short-term capital gain tax of 15% is applicable if sold within a year. Long-term capital gains, in excess of Rs 1 Lakh, are taxed at 10% without indexation if sold after one year. A dividend distribution tax may be applicable.
About Kotak Mutual Fund
Kotak Mutual Fund is the part of renowned Kotak Mahindra group. The Kotak Mahindra Asset Management Company Limited which is the asset manager for Kotak Mahindra Mutual Fund was started in 1998 and today it serves 7.5 lakh customers. The fund house is present in over 80 cities comprising 84 branches.
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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