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
₹23.82
0.18%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
equity savings
equity
NAV as on 30 Apr 24, 12:00 AM
moderate risk
equity savings
equity
19.61%p.a.
Last 1Y
12.40%p.a.
Last 3Y
10.77%p.a.
Last 5Y
9.43%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 4,813.24 Cr fund under management as on Apr 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 19.6% annual returns during the last year. It has delivered 9.4% 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
HDFC Bank Ltd
6.33%
HDFC Bank Ltd.-APR2024
4.85%
Kotak Liquid Dir Gr
4.79%
ICICI Bank Ltd.-APR2024
4.64%
Kotak Money Market Dir Gr
4.62%
ICICI Bank Ltd
4.60%
India (Republic of)
4.09%
Adani Port and Special Economic Zone Ltd.-APR2024
3.95%
Adani Ports & Special Economic Zone Ltd
3.92%
Maruti Suzuki India Ltd
3.19%
Fund Managers
- Abhishek Bisen (Oct 2014 - Present)
- Devender Singhal (Apr 2021 - Present)
- Hiten Shah (Oct 2019 - Present)
- Arjun Khanna (Apr 2022 - Present)
Key Information
View Scheme Document
Kotak Equity Savings Fund Growth SIP Calculator
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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 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 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
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Frequently Asked Questions
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