NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Income Plus Arbitrage Fund of Funds Growth for NRI [11.71]

Min Investment

100

Fund Size

21.5 Cr

Expense Ratio

0.3%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

11.71

0.08%

NAV as on 09 Nov 24, 12:00 AM

moderately high risk

fund of funds

debt

NAV as on 09 Nov 24, 12:00 AM

moderately high risk

fund of funds

debt

9.21%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

8.32%p.a.

Since Inception

About Kotak Income Plus Arbitrage Fund of Funds Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Income Plus Arbitrage Fund of Funds Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Nov 2022, Kotak Income Plus Arbitrage Fund of Funds Growth is Fund of Funds fund of its category with 21.5 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • Kotak Income Plus Arbitrage Fund of Funds Growth delivered 9.2% annual returns during the last year. It has delivered 8.3% average annual returns since the fund was launched.
  • Kotak Income Plus Arbitrage Fund of Funds Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To generate long-term capital appreciation from a portfolio created by investing in debt oriented mutual fund schemes of Kotak Mahindra Mutual Fund.

Top 4 Holdings

Kotak Long Duration Dir Gr

71.31%

Kotak M/T Dir Gr

15.05%

Kotak Dynamic Bond Dir Gr

10.08%

Kotak Gilt-Investment Growth - Direct

2.15%

Fund Managers

  1. Abhishek Bisen (Nov 2022 - Present)

Key Information

View Scheme Document

Kotak Income Plus Arbitrage Fund of Funds Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Kotak Income Plus Arbitrage Fund of Funds Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Income Plus Arbitrage Fund of Funds Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Income Plus Arbitrage Fund of Funds Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions