Kotak Equity Hybrid Fund
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Min amount: 1500
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|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||5.83%|
|ICICI Bank Ltd||5.43%|
|United Bank Of India||3.6%|
|Axis Bank Ltd||3.35%|
|State Bank of India||3.24%|
|Reliance Industries Ltd||2.95%|
|Housing Development Finance Corp Ltd||2.73%|
|Kotak Mahindra Bank Ltd||2.72%|
About Kotak Equity Hybrid Fund
Kotak Equity Hybrid Fund is an open ended hybrid equity fund aimed at investing in a portfolio of equity and equity related instruments to achieve growth balanced with income generation in debt and money market instrument. The objective is to provide capital appreciation potential of equities as well as stable returns of debt.
Pros & Cons of Kotak Equity Hybrid Fund
Kotak Equity Hybrid Fund offers the following benefits: 1. This scheme provides a convenience of diversification in form of a single docket of mutual fund. An investor thus need not go through the hassle of analyzing and selecting a bouquet of funds. 2. A calculated combination of debt and equity components makes the funds less vulnerable to market volatility. 3. It seeks to provide investors an opportunity to benefit out of market volatility.
Certain drawbacks of Kotak Equity Hybrid Fund 1. Hybrid equity funds have their own share of risk. While in case of a direct investment across a number of stocks and debt instruments, one can relocate the resources among different funds as diversification for tax planning or wealth creation.
Fund Information and Statistics of Kotak Equity Hybrid Fund
i) Inception / Launch date
Kotak Equity Hybrid Fund was launched on Nov 25, 1999 by Kotak Mutual Fund AMC.
ii) Risk level
Being an open ended hybrid fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Pankaj Tibrewal has been managing the fund since August 25, 2015.
v) Entry / Exit load
The exit load is 1% if the units are redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP. Also if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 1 year is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of more than 1 year is defined as Long-term Capital Gains (LTCG). STCG are taxed at the rate of 15%. Long term capital gains tax at the rate of 10% without the benefit of indexation.
About Kotak Mutual Fund
The fund house is managed by Kotak Mahindra Asset Management Company Limited (the “AMC”). It started operations in December 1998. The fund house offers schemes catering to investors with different risk appetite and was the first fund house in India to launch a dedicated gilt scheme. The AMC manages assets worth more than Rs 1.25 lakh crore.
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Min amount: 1500
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