Kotak ELSS Tax Saver Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
137.21-0.03%
- Growth - Direct
(Earn upto 1.21% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.53%(0.84% Category
average)Fund Size:
Rs. 6,334.74 Cr(2.54% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak ELSS Tax Saver Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
137.21-0.03%
Expense Ratio:
0.53%
Fund Size:
Rs. 6,334.74 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Kotak ELSS Tax Saver - Direct Plan as of Aug 29, 2024 is Rs 137.21 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 40.33% (1yr), 22.02% (3yr), 24.51% (5yr) and 17.75% (since launch). Whereas, Category returns for the same time duration are: 41.97% (1yr), 19.87% (3yr) and 22.5% (5yr).
3. Fund Size: The Kotak ELSS Tax Saver - Direct Plan currently holds Assets under Management worth of Rs 6334.74 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.53% for Direct plan as on Aug 04, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Kotak ELSS Tax Saver Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.72 7.69 19.50 39.83 21.98 24.75 Category Avg 1.30 11.83 18.95 41.43 19.81 22.64 Rank within Category 36 38 23 22 13 11 No. of funds within Category 38 38 38 38 33 32 - Loading...
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Return Comparison
- This Fund
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Kotak ELSS Tax Saver Fund Direct-Growth Fund Details
Investment Objective - The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 17.74% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Low |
Return Grade | Above Average |
Kotak ELSS Tax Saver Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 59 | 59 | 59 | 60 | 58 | 59 |
Top 5 Company Holdings | 22.73% | 23.42% | 21.2% | 21.94% | 22.5% | 22.32% |
Top 10 Company Holdings | 37.5% | 38.65% | 36.18% | 37.2% | 37.41% | 37.95% |
Company with Highest Exposure | HDFC Bank (7.65%) | HDFC Bank (7.18%) | Maruti Suzuki India (4.84%) | Maruti Suzuki India (5.14%) | Maruti Suzuki India (5.35%) | Maruti Suzuki India (5.03%) |
Number of Sectors | 16 | 16 | 17 | 17 | 17 | 17 |
Top 3 Sector Holdings | 48.72% | 49.8% | 46.98% | 47.17% | 47.44% | 48.43% |
Top 5 Sector Holdings | 62.25% | 63.7% | 64.64% | 64.44% | 63.97% | 64.73% |
Sector with Highest Exposure | Financial (22.85%) | Financial (23.35%) | Financial (20.65%) | Financial (21.17%) | Financial (20.83%) | Financial (21.08%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 7.65 18.27 89.60 3.03 Reliance Industries Energy 4.28 29.72 101.60 25.68 State Bank of India Financial 3.72 10.55 77.28 41.69 Infosys Technology 3.54 30.28 64.20 36.38 Larsen & Toubro Construction 3.54 38.15 97.11 35.47 Axis Bank Financial 3.31 13.59 86.50 19.85 NTPC Energy 3.28 18.85 22.08 85.39 Bosch Automobile 2.87 37.49 864.02 70.34 ICICI Securities Financial 2.73 13.66 60.32 31.77 Linde India Chemicals 2.58 137.58 52.52 19.27
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak ELSS Tax Saver Fund Direct-Growth 137.21 6,334.74 -0.84 40.48 21.29 24.73 Parag Parikh ELSS Tax Saver Fund Direct - Growth 32.54 4,016.58 1.33 38.45 21.98 26.40 Bank of India ELSS Tax Saver Direct-Growth 201.45 1,484.56 -0.41 55.46 22.37 30.67 Quant ELSS Tax Saver Fund Direct-Growth 448.03 11,065.42 -1.43 52.37 27.49 38.18 SBI Long Term Equity Fund Direct Plan-Growth 478.64 27,527.24 0.81 58.58 28.57 28.52
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
11.55VS13.16Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.82VS0.89Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.41VS1.19Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
19.80VS17.53Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
4.27VS2.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
21.79VS21.05Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- H.U.Harsha UpadhyayaSince Aug 20155 schemes
Mr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA. Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Equity Opportunities Fund Direct-Growth Large & MidCap 388.29 25,074.70 43.58 Kotak Flexicap Fund Direct-Growth Flexi Cap 92.41 53,783.10 36.94 Kotak Manufacture in India Fund Direct - Growth Thematic 20.01 Unrated 2,500.65 48.58 Kotak Quant Fund Direct - Growth Thematic 15.88 Unrated 892.43 57.38 Kotak ESG Exclusionary Strategy Fund Direct - Growth Thematic-ESG 18.47 Unrated 1,022.35 35.50
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Flexicap Fund Direct-Growth | 45,111.78 | 3.68 | 8.16 | 13.28 | 35.09 | 16.30 | |
Kotak Emerging Equity Fund Direct-Growth | 39,738.35 | 1.37 | 4.99 | 10.17 | 36.91 | 22.31 | |
Kotak Equity Arbitrage Fund Direct-Growth | 39,099.34 | 0.69 | 2.36 | 4.17 | 8.47 | 6.32 | |
Kotak Liquid Direct - Growth | 36,627.65 | 0.60 | 1.84 | 3.60 | 7.26 | 5.38 | |
Kotak Equity Opportunities Fund Direct-Growth | 19,092.30 | 2.99 | 9.45 | 14.75 | 40.28 | 21.23 | |
Kotak Money Market Fund Direct-Growth | 16,489.06 | 0.74 | 1.94 | 3.69 | 7.72 | 5.69 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,718.68 | 1.40 | 4.34 | 8.11 | 20.25 | 11.67 | |
Kotak Bond Short Term Fund Direct-Growth | 14,738.23 | 0.80 | 2.36 | 3.90 | 8.29 | 5.91 | |
Kotak Small Cap Fund Direct-Growth | 14,196.39 | -2.52 | 1.19 | 5.86 | 35.01 | 23.15 | |
Kotak Savings Fund Direct-Growth | 12,814.17 | 0.70 | 1.86 | 3.55 | 7.51 | 5.59 |
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1. Kotak ELSS Tax Saver - Direct Plan is Open-ended ELSS Equity scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.43% in equities, 0.0% in debts and 0.57% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 37.5% of the assets, the top 3 sectors constitute around 48.72% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Kotak ELSS Tax Saver Fund Direct-Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Kotak ELSS Tax Saver Fund Direct-Growth
- Is it safe to invest in Kotak ELSS Tax Saver - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak ELSS Tax Saver - Direct Plan comes under Very High risk category.
- What is the category of Kotak ELSS Tax Saver - Direct Plan?Kotak ELSS Tax Saver - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Kotak ELSS Tax Saver - Direct Plan?The suggested investment horizon of investing into Kotak ELSS Tax Saver - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak ELSS Tax Saver - Direct Plan?The Kotak ELSS Tax Saver - Direct Plan is managed by Harsha Upadhyaya (Since Aug 25, 2015).
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