August 8, 2022
mayank
Kotak ELSS Tax Saver
NAV Growth : Rs 81.5970
NAV IDCW : Rs 34.1800
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
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 Manager :
— Harsha Upadhyaya
Education : Mr. Upadhyaya is a B.E (Mechanicial) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.
Experience : Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 15.53% |
| Benchmark: | NIFTY 500 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 2,529 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.75% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Above Average |
| Turnover: | 24.81% |
Kotak ELSS Tax Saver Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Tax Saver Direct-G | 1.64 | 0.15 | 1.45 | 10.6 | 5.26 | -0.67 | 8.27 | 21.84 | 13.52 | 13.42 | — |
| S&P BSE 500 TRI | 0.64 | 0.04 | 1.62 | 10.88 | 4.16 | -0.06 | 8.03 | 20.74 | 12.7 | 12.49 | — |
| Equity: ELSS | -1.13 | 0.22 | 1.38 | 9.9 | 4.51 | -1.94 | 5.46 | 20.4 | 12.13 | 12.01 | — |
| Rank within category | 5 | 24 | 14 | 11 | 12 | 9 | 9 | 12 | 9 | 8 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
Kotak ELSS Tax Saver Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Tax Saver | 4 star | Jan-13 | 8.27 | 21.84 | 13.52 | 0.75 | 2,529 |
| Mirae Asset Tax Saver Fund | 5 star | Dec-15 | 5.15 | 23.94 | 16.29 | 0.57 | 11,495 |
| DSP Tax Saver Fund | 4 star | Jan-13 | 3.47 | 21.92 | 13.53 | 0.84 | 9,091 |
| Canara Robeco Equity Tax Saver Fund | 5 star | Jan-13 | 6.38 | 24.72 | 16.49 | 0.66 | 3,957 |
| IDFC Tax Advantage (ELSS) Fund | 4 star | Jan-13 | 8.89 | 25.8 | 14.47 | 0.77 | 3,399 |
Portfolio Analysis
| Number of Stocks | 56 |
| Top 10 Stocks (%) | 41.61 |
| Top 5 Stocks (%) | 25.9 |
| Top 3 Sectors (%) | 41.17 |
| Portfolio P/B Ratio | 3.32 |
| Portfolio P/E Ratio | 22.25 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,20,840 | 1,34,619 |
| Giant (%) | 52.15 | 53.55 |
| Large (%) | 14.72 | 18.01 |
| Mid (%) | 28.62 | 22.43 |
| Small (%) | 4.51 | 6.34 |
| Tiny (%) | — | 0.19 |
Kotak ELSS Tax Saver by Chanakya:
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online:
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