Kotak Equity Opportunities Fund
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Min amount: 1500
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Large & Mid- Cap|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||6.85%|
|Reliance Industries Ltd||6.31%|
|ICICI Bank Ltd||5.74%|
|Tata Consultancy Services Ltd||5.35%|
|Axis Bank Ltd||4.44%|
|Larsen & Toubro Ltd||3.72%|
|Gujarat State Petronet Ltd||2.99%|
|AIA Engineering Ltd||2.86%|
|Ramco Cements Ltd||2.82%|
About Kotak Equity Opportunities Fund
The Scheme is an open-ended equity scheme investing in both large and mid cap stocks. The portfolio of the scheme has undergone significant changes in recent months and proportion of mid cap stocks have increased. Large, mid cap and small cap allocation are around 51%, 35% and 10%, respectively. The Scheme is benchmarked against Nifty 200 TRI.
Pros & Cons of Kotak Equity Opportunities Fund
Kotak Equity Opportunities Fund offers following features:
- The Scheme looks for opportunities across sectors based on performance and potential of entities within the sectors.
- The fund manager has flexibility to invest in a mix of large and mid cap stocks from various sectors.
- The Scheme has provided 18.61% returns since inception.
Fund Information and Statistics of Kotak Equity Opportunities Fund
i) Inception / Launch date
The Scheme was launched on 9 September 2004. The Scheme was formerly known as Kotak Opportunities Fund.
ii) Risk level
Being an equity fund, the Scheme is moderately high risk proposition and suitable for investors looking for capital growth over long term with 5 year horizon.
Under normal circumstances, redemption proceeds are despatched by the fund house within 10 business days from receipt of request.
iv) Fund Manager
Mr. Harsha Upadhyaya has been managing the scheme since 4 August 2012.
v) Entry / Exit load
1% of exit load is charged by the fund house if the units are redeemed/switched-out within one year of allotment. No exit load is charged for redemptions post one year of allotment. No entry load is charged by the fund house on subscriptions.
Tax benefits of investing in Kotak Equity Opportunities Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units held for more than 12 months. Short term capital gains (“STCG”) are taxed @ 15% if units are held for less than 12 months. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.
About Kotak Mutual Fund
The fund house is managed by Kotak Mahindra Fund (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