Kotak Tax Saver-Scheme-Growth - Direct

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.

iii) Redemption

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.