Kotak Tax Saver-Scheme-Growth - Direct
Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||7.92%|
|Tata Consultancy Services Ltd||3.89%|
|HDFC Bank Ltd||3.66%|
|State Bank of India||3.37%|
|Reliance Industries Ltd Shs Dematerialised||3.27%|
|Axis Bank Ltd||2.75%|
|UltraTech Cement Ltd||2.75%|
|AU Small Finance Bank Ltd||2.67%|
About Kotak Tax Saver Fund - Direct Plan - Growth
Kotak Tax Saver Fund - Direct Plan - Growth is a tax-saving mutual fund. It allows investors to save taxes up to Rs 46,800 a year. Investing in the fund helps you claim a tax rebate, and also accumulate wealth in the long-term.
Pros and Cons of Kotak Tax Saver Fund - Direct Plan - Growth
Kotak Tax Saver Fund - Direct Plan - Growth is an equity linked savings scheme. Investors have the opportunity to claim a tax deduction up to Rs 1.5 lakh a year, under Section 80C of the Income Tax Act, 1961. On the flip side, the fund prevents you from withdrawing the investment for three years.
Fund Information and Statistics
i) Inception/Launch Date
Kotak Tax Saver Fund was launched on 01 January 2013.
ii) Risk Level
Kotak Mahindra Mutual Fund has placed Kotak Tax Saver Fund under the 'moderately high risk’ category. It is riskier as compared to debt funds.
Kotak Tax Saver Fund has a mandatory lock-in period of three years. Otherwise, there is no exit load on redemption of units.
iv) Fund Manager
Mr Harsha Upadhyaya is the current fund manager of the Kotak Tax Saver Fund.
v) Entry/Exit Load
There is no entry load as per the rules of Securities and Exchange Board of India (SEBI). The tax-saving fund does not levy an exit load.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund is one of the largest fund houses in the country. The Kotak Mahindra Asset Management Company Limited (KMAMC), was registered with SEBI, way back in 1998. Kotak Mahindra Bank Limited is the sponsor of the fund and Kotak Mahindra Trustee Company Limited. is its trustee. The fund has total assets under management (AUM) of Rs 1.67 lakh crore as of June 2020.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Min amount: ₹500
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