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

INVEST VIA NRE/NRO

Kotak India EQ Contra Fund Growth for NRI [147.23]

Min Investment

100

Fund Size

4,047.5 Cr

Expense Ratio

1.9%

Exit Load

1%

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

147.23

-0.82%

NAV as on 09 Nov 24, 12:00 AM

very high risk

contra

equity

NAV as on 09 Nov 24, 12:00 AM

very high risk

contra

equity

42.15%p.a.

Last 1Y

19.70%p.a.

Last 3Y

22.20%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 4,047.5 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 42.1% 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

4.73%

Infosys Ltd

4.35%

HDFC Bank Ltd

3.69%

Mphasis Ltd

3.12%

Tech Mahindra Ltd

2.93%

Bharti Airtel Ltd

2.84%

Reliance Industries Ltd

2.74%

Hindustan Unilever Ltd

2.60%

State Bank of India

2.54%

Hero MotoCorp Ltd

2.37%

Fund Managers

  1. Shibani Kurian (May 2019 - Present)

Key Information

View Scheme Document

Kotak India EQ Contra 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 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 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 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

Frequently Asked Questions