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Kotak Tax Saver Fund Direct-Growth Kotak Tax Saver Fund Direct-Growth Kotak Tax Saver Fund Direct-Growth Kotak Tax Saver Fund Direct-Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now! Paisabazaar INR 1000 1 rating rating rating rating rating Kotak Tax Saver Fund Direct-Growth 3 5

Equity ELSS

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

-8.99%

3 Yrs CAGR returns

3.29%

5 Yrs CAGR returns

6.88%

NAV as on 01 Jul

₹ 45.26 by 0.18 ( 0.39%)

Expense ratio

1.03

Lock-in period

19.29%

Fund Size (Cr)

₹ 934.61


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Performance Graph*
Returns Calculator
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If ₹1000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

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.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 17.48
Construction 13.14
FMCG 11.85
Energy 10.86
Chemicals 6.79
Engineering 6.12
Health Care 5.84
Technology 5.55
Metals 4.11
Others 4.1
Top 10 Sectors %
Crude Oil & Natural Gas 6.92
Banking 5.48
Cosmetics & Toiletries 5.34
Banking 4.44
Others 4.13
Diversified 3.56
Infrastructure 3.17
Drugs & Pharma 3.16
Banking 2.91
Computer Software 2.87
Fund house details
Fund House Kotak Mutual Fund
Fund Manager Deepak Gupta
Fund Setup Date 01 Jan 2013
Address 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E)
Contact 022-61152100, 1800222626
Email ID mutual@kotak.com
More About This Fund

About Kotak Tax Saver

Kotak Tax Saver is an open ended mutual fund scheme that invests mainly in equities and offers tax saving benefits. It is an Equity Linked Savings Scheme (ELSS) that focuses on sectors and  companies that will benefit from domestic growth story and various government measures. It invests in stocks of which long term growth will surpass the average market growth.

It follows a flexi cap approach, i.e. flexible in investing across all capitalizations and isn’t biased on firm size. It emphasizes on bottom up stock selection that have potential to be market leaders and generate high returns in the long term. Diversification in investments across various sectors and companies pan capitalization helps is risk minimization as well.

Who Should Invest?

  • If you are an investor with long term investment horizon and seek capital appreciation from equity investments
  • If your financial goal involves capital gains through equity returns as well tax savings
  • If you can stay invested for three years as this fund comes with a lock-in period

Risks

Certain risks are always associated with equity market and thus it is for investors with moderate high risk tolerance. Short term returns are low and hence it comes with a lock in period of 3 years and offers flexibility to go for higher tenure. It is advisable to stay invested for 5 years.

Also Read: List of Best Tax Saving Funds/ELSS

Will You Pay Tax?

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

How to Invest in the Fund Using Paisabazaar?

Follow the given steps to get started with your SIP or Lump Sum investment into Nippon India Tax Saver Fund:

  • Log-in or Signup to Paisabazaar.com
  • Go to Investments in the Menu Bar and click on ‘Mutual Funds
  • Scroll to ‘ELSS’
  • Start a manual search for ‘Kotak Tax Saver Fund’
  • Read all the details and terms of the Fund carefully
  • Select lump sum or SIP as your investment option and proceed
  • Paisabazaar allows investors to compare different Mutual Funds before making any investments.

Why you Should Choose Paisabazaar.com?

  • It is a trusted website for its financial services
  • No commissions or hidden charges applied
  • Investors are not asked to indulge into any kind of paperwork
  • Allows the users to compare more than 1500 Mutual Funds under one roof and saves them from visiting multiple websites for each AMC
  • Easy Access to different categories of funds- ELSS, Hybrid, Equity, Debt etc
  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund

Frequently asked Questions (FAQs)

Q. Is there any lock-in period in Kotak Tax Saver Fund?
A.
Yes, 3 years is the statutory lock-in period for this fund.

Q. What is the minimum investment amount?
A. Rs.500 is the minimum amount of investment for both SIP and Lump-sum investments.

Q. How are returns from the fund taxed?
A. Maximum Rs. 1.5 Lakh Per annum Investments in ELSS qualify for income deductions under section 80C of the Income Tax act. Long-term Capital Gains up to Rs.1 Lakh are tax-free.

Q. What is the exit load for the Fund?
A. There is no exit load applicable under this Mutual Fund.

Q. What is the entry load for the fund?
A. There is no entry load applied on this Fund.

Q. Who is the fund manager? What is the strategy for investment?
A. Since August 2015, this fund is managed by Harsha Upadhyaya who prefers to direct the assets into equities because equity, as an asset class for investments, generate satisfactory returns and helps in wealth creation for a longer period of time. He has an approach of top down thematic overlay that helps in identifying stock opportunities.