Kotak Taxsaver Fund Growth
Kotak Taxsaver Fund Growth2Morning Star
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Min amount: ₹1,500
- 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%||30%||30%|
|Returns after tax i||4.2%||5.6%||8.4%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||1.6%||4.4%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|Reliance Industries Ltd||6.47%|
|ICICI Bank Ltd||6.4%|
|HDFC Bank Ltd||5.97%|
|Axis Bank Ltd||5.75%|
|Tata Consultancy Services Ltd||4.29%|
|GlaxoSmithKline Consumer Healthcare Ltd||4.07%|
|Larsen & Toubro Ltd||3.71%|
|AU Small Finance Bank Ltd||2.97%|
About Kotak Taxsaver Fund
Kotak Taxsaver Fund is an open-ended Equity Linked Savings Scheme (ELSS) which focuses on wealth creation along with tax benefit. The fund invests primarily in equity and equity-related securities without being biased by market capitalisation. It has a mandatory lock in period of 3 years. The fund follows a bottom-up stock picking strategy with emphasis on better earnings growth. The scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of Kotak Taxsaver Fund
Kotak Taxsaver Fund offers the following benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has outperformed the category by wide margin in 1 year, 3 year and 5 year time horizons. However, the fund was unable to beat the benchmark in 1 year and 10 year horizon.
Fund Information and Statistics of Kotak Taxsaver Fund
i) Inception / Launch date
Kotak Taxsaver Fund was launched on 23 November 2005 by Kotak Mahindra Mutual Fund.
ii) Risk level
Being a multi-cap fund, Kotak Taxsaver 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 can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It 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. Harsha Upadhyaya, who holds a rich experience in fund management, has been managing the Kotak Taxsaver Fund since August 2015.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Kotak Taxsaver Fund.
Tax benefits of investing in Kotak Taxsaver Fund
Kotak Taxsaver Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Kotak Mahindra Mutual Fund
Kotak Mutual Fund caters to financial needs of individuals and the institutional investors across the globe. It was established in 1985 by Mr. Uday Kotak. It has 79 branches offering mutual funds. It was the harbinger for the private firms capable of managing pension funds in India. It has been providing resolutions for 15+ years for international clients, with services like banking, asset management, investment banking, life insurance, stock broking and general insurance.
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Start your investment
Min amount: ₹1,500
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