NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹11.73
0.02%
NAV as on 21 Nov 24, 12:00 AM
moderate risk
fund of funds
debt
NAV as on 21 Nov 24, 12:00 AM
moderate risk
fund of funds
debt
9.10%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 24.57 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 9.1% 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 5 Holdings
Kotak Long Duration Dir Gr
47.69%
Kotak Equity Arbitrage Dir Gr
28.49%
Kotak M/T Dir Gr
11.25%
Kotak Dynamic Bond Dir Gr
6.15%
Kotak Gilt-Investment Growth - Direct
2.17%
Fund Managers
- Abhishek Bisen (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Income Plus Arbitrage Fund of Funds Growth SIP Calculator
If invested
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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
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Frequently Asked Questions
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