Kotak Gold Fund Growth - Direct
Min amount: ₹1,000
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
|Exit Load||1% for 365 Days|
More about this fund
|Kotak Gold ETF||98.2%|
About Kotak Gold Fund
Kotak Gold Fund is an open-ended fund scheme that aims to generate returns by investing in units of Kotak Gold Exchange Traded Fund. The benchmark for this fund scheme is the price of physical gold.
Pros and Cons of Kotak Gold Fund
The one-year, three-year, and five-year returns of the fund have been higher than the category-average returns. No lock-in period for the amount invested. However, an exit load is applicable.
Fund Information and Statistics
i) Inception/Launch Date
Kotak Gold Fund was released on 27 July 2018.
ii) Risk Level
The fund comes with a moderately high risk profile since the scheme invests in the units of Kotak Gold Exchange Traded Fund.
There is no lock-in period for the invested amount. The fund units can be redeemed at any point in time. However, an exit load may be charged based on the time of redemption.
iv) Fund Manager
Mr Abhishek Bisen is the current Fund Manager for Kotak Gold Fund.
v) Entry/Exit Load
As per the norm set by SEBI, entry load is not applicable when you purchase fund units. However, if you redeem/switch-out the fund units within a year from the date of allotment, an exit of 1% may be charged. After completing one year, no exit load is chargeable.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund, one of the renowned fund houses of India, was incorporated on 5 August 1994. The fund house offers about 94 different folios to its customers and the average assets under management is worth Rs.1,67,324.26 crore as on 30 June 2020.
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Min amount: ₹1,000
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