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
₹145.50
1.67%
NAV as on 23 Nov 24, 12:00 AM
very high risk
contra
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
contra
equity
35.73%p.a.
Last 1Y
20.90%p.a.
Last 3Y
21.84%p.a.
Last 5Y
15.02%p.a.
Since Inception
About Kotak India EQ Contra Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak India EQ Contra Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Contra mutual fund scheme that predominantly invests in Contra stocks of companies. Launched on Jul 2005, Kotak India EQ Contra Fund Growth is Contra fund of its category with 3,935.46 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Contra funds.
- Kotak India EQ Contra Fund Growth delivered 35.7% annual returns during the last year. It has delivered 15.0% average annual returns since the fund was launched.
- Kotak India EQ Contra 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 from a diversified portfolio of equity and equity related instruments. The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued. Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks. We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
ICICI Bank Ltd
5.38%
Infosys Ltd
4.19%
HDFC Bank Ltd
3.81%
State Bank of India
3.23%
Tech Mahindra Ltd
3.07%
Mphasis Ltd
3.07%
Bharti Airtel Ltd
2.75%
Reliance Industries Ltd
2.54%
Hindustan Unilever Ltd
2.29%
Hero MotoCorp Ltd
2.13%
Fund Managers
- Shibani Kurian (May 2019 - Present)
Key Information
View Scheme Document
Kotak India EQ Contra Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak India EQ Contra 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 India EQ Contra 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 India EQ Contra 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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