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

INVEST VIA NRE/NRO

Kotak Equity Savings Fund Growth for NRI [24.94]

Min Investment

100

Fund Size

7,643.87 Cr

Expense Ratio

1.8%

Exit Load

1%

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

24.94

-0.50%

NAV as on 12 Nov 24, 12:00 AM

moderate risk

equity savings

equity

NAV as on 12 Nov 24, 12:00 AM

moderate risk

equity savings

equity

16.36%p.a.

Last 1Y

10.47%p.a.

Last 3Y

11.01%p.a.

Last 5Y

9.54%p.a.

Since Inception

About Kotak Equity Savings Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Equity Savings Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Oct 2014, Kotak Equity Savings Fund Growth is Equity Savings fund of its category with 7,643.87 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.

  • Kotak Equity Savings Fund Growth delivered 16.4% annual returns during the last year. It has delivered 9.5% average annual returns since the fund was launched.
  • Kotak Equity Savings Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments.There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Top 10 Holdings

Kotak Liquid Dir Gr

4.79%

Bharti Airtel Ltd

4.25%

HDFC Bank Ltd

3.86%

Bharti Airtel Ltd-OCT2024

3.61%

HDFC Bank Ltd.-OCT2024

3.31%

Vedanta Ltd

3.09%

Vedanta Ltd.-OCT2024

3.08%

Adani Port and Special Economic Zone Ltd.-OCT2024

3.04%

Adani Ports & Special Economic Zone Ltd

3.02%

Kotak Money Market Dir Gr

3.02%

Fund Managers

  1. Abhishek Bisen (Oct 2014 - Present)
  2. Devender Singhal (Apr 2021 - Present)
  3. Hiten Shah (Oct 2019 - Present)

Key Information

View Scheme Document

Kotak Equity Savings Fund 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 Equity Savings Fund 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 Equity Savings Fund 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 Equity Savings Fund 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